$HNNA
HENNESSY ADVISORS INC

2017 Q4 Form 10-Q Financial Statement

#000119312518019738 Filed on January 25, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4
Revenue $13.81M $13.29M
YoY Change 3.9% 1.07%
Cost Of Revenue $2.530M $2.290M
YoY Change 10.48% 6.51%
Gross Profit $11.28M $11.01M
YoY Change 2.45% 0.09%
Gross Profit Margin 81.66% 82.82%
Selling, General & Admin $4.800M $4.670M
YoY Change 2.78% 0.43%
% of Gross Profit 42.55% 42.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.00K $90.00K
YoY Change -48.89% 0.0%
% of Gross Profit 0.41% 0.82%
Operating Expenses $7.379M $7.052M
YoY Change 4.64% 2.32%
Operating Profit $6.434M $6.242M
YoY Change 3.08% -0.3%
Interest Expense $300.0K $266.0K
YoY Change 12.78% -26.32%
% of Operating Profit 4.66% 4.26%
Other Income/Expense, Net $10.00K
YoY Change
Pretax Income $6.147M $5.976M
YoY Change 2.86% 1.29%
Income Tax -$2.040M $1.980M
% Of Pretax Income -33.19% 33.13%
Net Earnings $8.187M $3.996M
YoY Change 104.88% 9.48%
Net Earnings / Revenue 59.27% 30.06%
Basic Earnings Per Share $1.05 $0.52
Diluted Earnings Per Share $1.04 $0.52
COMMON SHARES
Basic Shares Outstanding 7.800M shares 7.686M shares
Diluted Shares Outstanding 7.843M shares 7.756M shares

Balance Sheet

Concept 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.20M $4.100M
YoY Change 270.73% -2.38%
Cash & Equivalents $15.20M $4.105M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $400.0K $1.100M
YoY Change -63.64% -15.38%
Inventory
Prepaid Expenses $362.0K $535.0K
Receivables $4.767M $4.543M
Other Receivables $500.0K $600.0K
Total Short-Term Assets $20.84M $10.31M
YoY Change 102.11% -1.74%
LONG-TERM ASSETS
Property, Plant & Equipment $265.0K $272.0K
YoY Change -2.57% -23.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $152.0K $539.0K
YoY Change -71.8% -21.54%
Total Long-Term Assets $76.10M $75.23M
YoY Change 1.16% 17.6%
TOTAL ASSETS
Total Short-Term Assets $20.84M $10.31M
Total Long-Term Assets $76.10M $75.23M
Total Assets $96.94M $85.54M
YoY Change 13.32% 14.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.100M $3.200M
YoY Change -3.13% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.228M $4.375M
YoY Change -3.36% 0.0%
Total Short-Term Liabilities $8.915M $7.604M
YoY Change 17.24% -0.93%
LONG-TERM LIABILITIES
Long-Term Debt $20.67M $25.16M
YoY Change -17.83% -14.81%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $20.67M $25.16M
YoY Change -17.83% -14.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.915M $7.604M
Total Long-Term Liabilities $20.67M $25.16M
Total Liabilities $37.32M $44.36M
YoY Change -15.88% -7.13%
SHAREHOLDERS EQUITY
Retained Earnings $44.14M $27.28M
YoY Change 61.81% 85.04%
Common Stock $15.49M $13.91M
YoY Change 11.36% 16.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $59.62M $41.18M
YoY Change
Total Liabilities & Shareholders Equity $96.94M $85.54M
YoY Change 13.32% 14.88%

Cashflow Statement

Concept 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income $8.187M $3.996M
YoY Change 104.88% 9.48%
Depreciation, Depletion And Amortization $46.00K $90.00K
YoY Change -48.89% 0.0%
Cash From Operating Activities $2.400M $2.250M
YoY Change 6.67% -19.35%
INVESTING ACTIVITIES
Capital Expenditures $57.00K $32.00K
YoY Change 78.13% -62.79%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$1.115M -$80.00K
YoY Change 1293.75% -75.76%
FINANCING ACTIVITIES
Cash Dividend Paid $585.0K $506.0K
YoY Change 15.61% 68.67%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.094M $1.057M
YoY Change 3.5% -3.38%
Cash From Financing Activities -1.787M -1.600M
YoY Change 11.69% 13.48%
NET CHANGE
Cash From Operating Activities 2.400M 2.250M
Cash From Investing Activities -1.115M -80.00K
Cash From Financing Activities -1.787M -1.600M
Net Change In Cash -502.0K 570.0K
YoY Change -188.07% -45.71%
FREE CASH FLOW
Cash From Operating Activities $2.400M $2.250M
Capital Expenditures $57.00K $32.00K
Free Cash Flow $2.343M $2.218M
YoY Change 5.64% -17.97%

Facts In Submission

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WeightedAverageNumberOfDilutedSharesOutstanding
7842707 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7800409 shares
CY2017Q4 hnna Stock Issued During Period Value Auto Investments Pursuant To Dividend Reinvestment And Stock Purchase Plan
StockIssuedDuringPeriodValueAutoInvestmentsPursuantToDividendReinvestmentAndStockPurchasePlan
0
CY2017Q4 hnna Depreciation And Amortization Expense
DepreciationAndAmortizationExpense
83000
CY2017Q4 hnna Distribution Expense
DistributionExpense
120000
CY2017Q4 hnna Number Of Open End Mutual Funds
NumberOfOpenEndMutualFunds
14 Funds
CY2017Q4 hnna Notice Period For Termination Of Agreement
NoticePeriodForTerminationOfAgreement
P60D

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