$HNNA
HENNESSY ADVISORS INC

2016 Q3 Form 10-Q Financial Statement

#000119312516670102 Filed on August 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $13.07M $13.00M $11.97M
YoY Change 4.73% 8.58% 36.25%
Cost Of Revenue $2.310M $2.230M $1.920M
YoY Change 13.79% 16.15% 28.86%
Gross Profit $10.76M $10.77M $10.05M
YoY Change 2.97% 7.16% 37.86%
Gross Profit Margin 82.33% 82.88% 83.97%
Selling, General & Admin $4.720M $4.550M $4.300M
YoY Change 6.55% 5.81% 22.16%
% of Gross Profit 43.87% 42.25% 42.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $80.00K $90.00K $70.00K
YoY Change 14.29% 28.57% 16.67%
% of Gross Profit 0.74% 0.84% 0.7%
Operating Expenses $7.126M $6.862M $6.289M
YoY Change 58.36% 9.11% 24.02%
Operating Profit $5.944M $6.133M $5.679M
YoY Change -0.1% 7.99% 52.95%
Interest Expense $283.0K $279.0K $242.0K
YoY Change -208.85% 15.29% -13.57%
% of Operating Profit 4.76% 4.55% 4.26%
Other Income/Expense, Net $0.00 $1.000K $0.00
YoY Change -100.0%
Pretax Income $5.661M $5.855M $5.437M
YoY Change -0.68% 7.69% 58.33%
Income Tax $2.121M $1.961M $2.134M
% Of Pretax Income 37.47% 33.49% 39.25%
Net Earnings $3.540M $3.894M $3.303M
YoY Change 3.21% 17.89% 61.52%
Net Earnings / Revenue 27.08% 29.97% 27.6%
Basic Earnings Per Share $0.47 $0.51 $0.57
Diluted Earnings Per Share $0.45 $0.50 $0.56
COMMON SHARES
Basic Shares Outstanding 5.067M shares 7.600M shares 5.776M shares
Diluted Shares Outstanding 7.731M shares 5.855M shares

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.500M $11.40M $13.90M
YoY Change 12.9% -17.99% 113.85%
Cash & Equivalents $3.535M $11.42M $13.87M
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $580.0K $1.500M $1.500M
YoY Change 8.41% 0.0% 275.0%
Inventory
Prepaid Expenses $1.175M $772.0K $1.200M
Receivables $4.230M $4.260M $3.962M
Other Receivables $580.0K $600.0K $300.0K
Total Short-Term Assets $10.14M $17.73M $19.66M
YoY Change 7.68% -9.82% 89.86%
LONG-TERM ASSETS
Property, Plant & Equipment $296.0K $285.0K $222.0K
YoY Change -7.21% 28.38% 1.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $149.0K $614.0K $340.0K
YoY Change -78.98% 80.59% -46.62%
Total Long-Term Assets $74.80M $63.92M $63.10M
YoY Change 17.39% 1.3% -0.39%
TOTAL ASSETS
Total Short-Term Assets $10.14M $17.73M $19.66M
Total Long-Term Assets $74.80M $63.92M $63.10M
Total Assets $84.94M $81.65M $82.76M
YoY Change 16.14% -1.34% 12.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.600M $5.400M $4.400M
YoY Change 40.43% 22.73% 15.79%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.228M $4.375M $3.750M
YoY Change -3.36% 16.67% 0.0%
Total Short-Term Liabilities $11.22M $9.802M $9.191M
YoY Change 9.31% 6.65% 21.38%
LONG-TERM LIABILITIES
Long-Term Debt $25.96M $27.34M $20.16M
YoY Change -15.25% 35.64% -15.68%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $25.96M $27.34M $20.16M
YoY Change -15.25% 35.64% -15.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.22M $9.802M $9.191M
Total Long-Term Liabilities $25.96M $27.34M $20.16M
Total Liabilities $47.61M $47.78M $37.88M
YoY Change -4.86% 26.12% -1.8%
SHAREHOLDERS EQUITY
Retained Earnings $24.05M $21.11M $33.48M
YoY Change 110.23% -36.96% 36.99%
Common Stock $13.28M $12.77M $11.40M
YoY Change 13.94% 12.01% 6.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.33M $33.88M $44.88M
YoY Change
Total Liabilities & Shareholders Equity $84.94M $81.65M $82.76M
YoY Change 16.14% -1.34% 12.3%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $3.540M $3.894M $3.303M
YoY Change 3.21% 17.89% 61.52%
Depreciation, Depletion And Amortization $80.00K $90.00K $70.00K
YoY Change 14.29% 28.57% 16.67%
Cash From Operating Activities $5.020M $5.490M $6.070M
YoY Change 18.96% -9.56% 153.97%
INVESTING ACTIVITIES
Capital Expenditures -$11.41M -$80.00K -$100.0K
YoY Change 3703.33% -20.0% 900.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$11.41M -$80.00K -$100.0K
YoY Change 3834.48% -20.0% 900.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.490M -1.490M -1.300M
YoY Change -89.87% 14.62% -13100.0%
NET CHANGE
Cash From Operating Activities 5.020M 5.490M 6.070M
Cash From Investing Activities -11.41M -80.00K -100.0K
Cash From Financing Activities -1.490M -1.490M -1.300M
Net Change In Cash -7.880M 3.920M 4.670M
YoY Change -26.9% -16.06% 95.4%
FREE CASH FLOW
Cash From Operating Activities $5.020M $5.490M $6.070M
Capital Expenditures -$11.41M -$80.00K -$100.0K
Free Cash Flow $16.43M $5.570M $6.170M
YoY Change 263.5% -9.72% 157.08%

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EarningsPerShareDiluted
0.56
CY2015Q2 us-gaap Revenues
Revenues
11968000
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
6289000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
3303000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5437000
CY2015Q2 us-gaap Interest Expense
InterestExpense
242000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5679000
CY2015Q2 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
10622000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2134000
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5855397 shares
CY2015Q2 us-gaap Servicing Fees
ServicingFees
1346000
CY2015Q2 us-gaap Subadvisory Fees For Mutual Funds
SubadvisoryFeesForMutualFunds
1923000
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5776116 shares
CY2015Q2 hnna Distribution Expense
DistributionExpense
480000
CY2016Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
3017000
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1301000
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
CY2016Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
88000
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
CY2016Q2 us-gaap Revenues
Revenues
12995000
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
6862000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
3894000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5855000
CY2016Q2 us-gaap Interest Expense
InterestExpense
279000
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
6133000
CY2016Q2 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
11747000
CY2016Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1000
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1961000
CY2016Q2 us-gaap Servicing Fees
ServicingFees
1248000
CY2016Q2 us-gaap Subadvisory Fees For Mutual Funds
SubadvisoryFeesForMutualFunds
2225000
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5066541 shares
CY2016Q2 hnna Distribution Expense
DistributionExpense
231000

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