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 |
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net income | 49,359,999 | 43,177,918 | 43,085,548 | 36,870,762 |
| 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 |
| Share-based compensation | 13,396,426 | 11,821,490 | 11,691,890 | 10,660,673 |
| (Increase) decrease in accounts receivable | 593,825 | (2,154,437) | (3,393,686) | 3,107,409 |
| Change in current income taxes | 979,171 | 70,146 | (157,317) | (2,265,287) |
| Change in deferred income taxes | 2,470,682 | 1,672,382 | 2,783,768 | (4,526,654) |
| Gain on sale of High Yield-Focused Advisory Contracts | — | 0 | 0 | (6,813,579) |
| Net gain on investments | (23,643,465) | (8,080,147) | (16,536,677) | 24,471,894 |
| Net change in securities held by Consolidated Funds | (52,990,770) | (35,809,404) | (10,930,911) | (14,039,687) |
| Increase (decrease) in accrued incentive compensation | (3,500,000) | 2,000,000 | (2,600,000) | (4,647,548) |
| Increase in deferred compensation | 3,381,499 | 3,041,923 | 5,342,180 | (6,603,304) |
| Other changes in assets and liabilities | 2,147,514 | (365,494) | 4,095,014 | 1,890,346 |
| Net cash provided by (used in) operating activities | (6,618,495) | 16,598,852 | 34,669,124 | 39,482,635 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchase of property and equipment | (2,435,142) | (1,363,440) | (21,705) | (101,454) |
| Purchase of Company sponsored investments | (11,523,063) | (15,125,376) | (19,469,955) | (7,606,958) |
| Proceeds from sale of Company sponsored investments | 46,709,698 | 47,000,808 | 15,286,036 | 6,928,704 |
| Proceeds From Sale Of Nonfinancial Assets | — | 0 | 0 | 6,813,579 |
| Net cash provided by (used in) investing activities | 32,751,493 | 30,511,992 | (4,205,624) | 6,033,871 |
| 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) |
| Payment of dividends | — | (16,530,676) | (17,676,364) | (30,696,907) |
| 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 |
| Repurchases of common shares | (16,884,763) | (30,244,638) | (34,619,944) | (38,726,007) |
| Proceeds received under employee stock purchase plan | 268,809 | 327,283 | 409,790 | 526,285 |
| Net cash used in financing activities | (25,334,367) | (52,478,119) | (46,666,923) | (62,871,597) |
| CASH AND CASH EQUIVALENTS | ||||
| Net change during the year | 798,631 | (5,367,275) | (16,203,423) | (17,355,091) |
| At beginning of year | 41,624,604 | 46,991,879 | 63,195,302 | 80,550,393 |
| At end of year | 42,423,235 | 41,624,604 | 46,991,879 | 63,195,302 |
| Supplemental information related to cash activities: | ||||
| Income taxes paid | 14,471,638 | 14,090,545 | 12,863,429 | 20,879,724 |
| 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 |
| Charitable donation of corporate investments | — | — | 0 | 0 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.