WHG FY 2015 Earnings Report — Westwood Holdings Group, Inc. Revenue & Financial Results | Market Cap Arena

Westwood Holdings Group, Inc.WHG

FY 2015 Earnings

Reported February 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$131M	—	$113M	—	15.6%
Op. Income	$42M	—	$42M	—	0.4%
Gross Margin	51.5%	—	53.3%	—	-1.9pp
Net Margin	20.7%	—	24.1%	—	-3.4pp
EPS (Diluted)	$3.33	—	$3.45	—	-3.5%
Free Cash Flow	$54M	—	$26M	—	108.3%

Revenue Flow

Item	Amount
REVENUE	$131M
Cost of Revenue	$64M
GROSS PROFIT	$67M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$20M
SG&A Expenses	$22M
Other Expenses	$3M
Operating Expenses	$25M
Cost & Expenses	$89M
OPERATING INCOME	$42M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$42M
Income Tax Expense	$15M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$3M
EBIT	$42M
EBITDA	$45M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$131M
Cost of Revenue	$64M
GROSS PROFIT	$67M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$20M
SG&A Expenses	$22M
Other Expenses	$3M
Operating Expenses	$25M
Cost & Expenses	$89M
OPERATING INCOME	$42M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$42M
Income Tax Expense	$15M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$3M
EBIT	$42M
EBITDA	$45M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$3M
Stock-Based Compensation	$18M
Deferred Income Tax	-$3M
Other Non-Cash Items	$6M
Change in Working Capital	$5M
OPERATING CASH FLOW	$55M
Capital Expenditure	-$951.0K
Acquisitions (Net)	-$24M
Purchases of Investments	$0
Sales/Maturities of Investments	$7M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$25M
Net Debt Issuance	$0
Common Stock Repurchased	-$6M
Common Dividends Paid	-$17M
Other Financing Activities	$128.0K
NET CASH FROM FINANCING	-$22M
FREE CASH FLOW	$54M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$23M
Short-Term Investments	$72M
Net Receivables	$20M
Inventory	$0
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$118M
PP&E (Net)	$2M
Goodwill	$27M
Intangible Assets	$23M
Long-Term Investments	-$11M
Tax Assets	$11M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$64M
TOTAL ASSETS	$181M
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$9M
TOTAL CURRENT LIABILITIES	$45M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$3M
TOTAL LIABILITIES	$47M
Common Stock	$94.0K
Additional Paid-In Capital	$144M
Retained Earnings	$30M
Treasury Stock	-$35M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$134M
Minority Interest	$0
TOTAL EQUITY	$134M
TOTAL LIABILITIES & EQUITY	$181M
Total Debt	$0
Net Debt	-$23M