DHIL · As filed with the SEC
Diamond Hill Investment Group cash flow statement, by fiscal year
The statement as Diamond Hill Investment Group presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net income | 49,359,999 | 43,177,918 | 43,085,548 | 36,870,762 | 75,589,539 | 38,165,138 | 59,754,319 | 46,314,388 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||
| Depreciation | 1,186,624 | 1,224,475 | 1,289,315 | 1,377,610 | 1,281,420 | 992,836 | 1,164,207 | 1,159,380 |
| Share-based compensation | 13,396,426 | 11,821,490 | 11,691,890 | 10,660,673 | 7,415,170 | 7,739,320 | 9,081,421 | 8,896,610 |
| (Increase) decrease in accounts receivable | 593,825 | (2,154,437) | (3,393,686) | 3,107,409 | (2,666,551) | (582,502) | (5,021,516) | (1,014,839) |
| Change in current income taxes | 979,171 | 70,146 | (157,317) | (2,265,287) | 1,058,278 | 3,592,561 | (6,617,780) | 6,883,643 |
| Change in deferred income taxes | 2,470,682 | 1,672,382 | 2,783,768 | (4,526,654) | (1,410,106) | 1,949,407 | 1,079,247 | (5,622,396) |
| Gain on sale of subsidiary | — | — | — | — | — | — | — | 0 |
| Gain on sale of High Yield-Focused Advisory Contracts | — | 0 | 0 | (6,813,579) | (9,000,000) | — | — | — |
| Net gain on investments | (23,643,465) | (8,080,147) | (16,536,677) | 24,471,894 | (10,878,658) | (3,005,441) | (21,058,463) | 14,297,382 |
| Net change in securities held by Consolidated Funds | (52,990,770) | (35,809,404) | (10,930,911) | (14,039,687) | (50,430,607) | 3,179,362 | 6,286,645 | (52,168,968) |
| Increase (decrease) in accrued incentive compensation | (3,500,000) | 2,000,000 | (2,600,000) | (4,647,548) | 9,365,224 | 5,180,849 | 3,516,639 | 5,366,864 |
| Increase in deferred compensation | 3,381,499 | 3,041,923 | 5,342,180 | (6,603,304) | 4,106,342 | 2,899,748 | 7,954,330 | 1,907,084 |
| Excess income tax benefit from share-based compensation | — | — | — | — | — | — | — | 0 |
| Income tax benefit from dividends paid on restricted stock | — | — | — | — | — | — | — | 0 |
| Other changes in assets and liabilities | 2,147,514 | (365,494) | 4,095,014 | 1,890,346 | 1,882,186 | (338,793) | 827,194 | 2,111,443 |
| Net cash provided by (used in) operating activities | (6,618,495) | 16,598,852 | 34,669,124 | 39,482,635 | 26,312,237 | 59,772,485 | 56,966,243 | 28,130,591 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Purchase of property and equipment | (2,435,142) | (1,363,440) | (21,705) | (101,454) | (1,104,981) | (2,450,421) | (707,790) | (781,951) |
| Purchase of Company sponsored investments | (11,523,063) | (15,125,376) | (19,469,955) | (7,606,958) | (21,395,411) | (14,852,892) | (14,351,062) | (6,332,090) |
| Proceeds from sale of Company sponsored investments | 46,709,698 | 47,000,808 | 15,286,036 | 6,928,704 | 40,764,891 | 25,715,013 | 48,637,779 | 2,353,144 |
| Proceeds from sale of subsidiary, net of cash disposed | — | — | — | — | — | — | — | 500,000 |
| Net cash on deconsolidation of Company sponsored investments | — | — | — | — | 0 | 0 | (22,723,853) | — |
| Proceeds From Sale Of Nonfinancial Assets | — | 0 | 0 | 6,813,579 | 9,000,000 | — | — | — |
| Net cash provided by (used in) investing activities | 32,751,493 | 30,511,992 | (4,205,624) | 6,033,871 | 27,264,499 | 8,411,700 | 10,855,074 | (4,260,897) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Value of shares withheld related to employee tax withholding obligations | (4,222,780) | (6,275,907) | (5,131,262) | (3,436,678) | (1,625,413) | (1,947,456) | (1,390,482) | (1,925,700) |
| Payment of dividends | — | (16,530,676) | (17,676,364) | (30,696,907) | (72,960,976) | (37,976,714) | (30,275,867) | (28,094,564) |
| Payment of dividends | (27,185,693) | — | — | — | — | — | — | — |
| Redemptions of redeemable noncontrolling interest holders | (55,009) | — | — | — | — | — | — | — |
| Subscriptions received from redeemable noncontrolling interest holders | 22,745,069 | 245,819 | 10,350,857 | 9,461,710 | 10,298,891 | (4,311,084) | 11,340,880 | 21,207,770 |
| Repurchases of common shares | (16,884,763) | (30,244,638) | (34,619,944) | (38,726,007) | (7,820,315) | (18,646,982) | (38,749,654) | (7,229,249) |
| Excess income tax benefit from share-based compensation | — | — | — | — | — | — | — | 0 |
| Income tax benefit from dividends paid on restricted stock | — | — | — | — | — | — | — | 0 |
| Proceeds received under employee stock purchase plan | 268,809 | 327,283 | 409,790 | 526,285 | 603,268 | — | — | — |
| Net cash used in financing activities | (25,334,367) | (52,478,119) | (46,666,923) | (62,871,597) | (71,504,545) | (62,882,236) | (59,075,123) | (16,041,743) |
| CASH AND CASH EQUIVALENTS | ||||||||
| Net change during the year | — | — | — | — | — | — | 8,746,194 | 7,827,951 |
| At beginning of year | — | — | — | — | — | 93,176,253 | 84,430,059 | 76,602,108 |
| At end of year | — | — | — | — | — | — | 93,176,253 | 84,430,059 |
| Net change during the year | 798,631 | (5,367,275) | (16,203,423) | (17,355,091) | (17,927,809) | 5,301,949 | — | — |
| At beginning of year | 41,624,604 | 46,991,879 | 63,195,302 | 80,550,393 | 98,478,202 | 93,176,253 | 84,430,059 | — |
| At end of year | 42,423,235 | 41,624,604 | 46,991,879 | 63,195,302 | 80,550,393 | 98,478,202 | — | — |
| Supplemental information related to cash activities: | ||||||||
| Income taxes paid | 14,471,638 | 14,090,545 | 12,863,429 | 20,879,724 | 26,401,643 | 8,415,900 | 24,227,006 | 17,408,094 |
| Supplemental information related to non-cash activities | ||||||||
| Operating lease right-of-use asset addition, net of lease incentive | 207,227 | 3,173,981 | — | — | — | — | — | — |
| Lease incentives included in property and equipment | 174,675 | 2,837,175 | — | — | — | — | — | — |
| Common shares issued as incentive compensation | — | 0 | 0 | 487,870 | 529,806 | 3,396,359 | 3,655,296 | 4,109,197 |
| Charitable donation of corporate investments | — | — | 0 | 0 | 366,555 | 0 | 0 | 1,989,803 |
| Cumulative-effect adjustment from the adoption of ASU 2015-02 (Note 2) | — | — | — | — | — | — | — | 0 |
| Net redemptions of ETF Shares for marketable securities | — | — | — | — | 0 | 0 | (3,244,940) | 6,282,621 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.