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Pzena Investment Management Inc (PZN)

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[[ session ]] by (Cboe BZX)

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Cash Flow for [[ item.sessionDateDisplayLong ]]

Fiscal Year End Date: 12/31

(Values in U.S. thousands)

	06-2016	03-2016	12-2015	09-2015	06-2015
Cash Flows From Operating Activities
Net Income	18,715	9,358	47,003	34,874	24,418
Depreciation Amortization	539	267	789	521	252
Income taxes - deferred	1,497	-223	2,910	767	640
Accounts receivable	396	1,032	493	-2,095	-1,288
Accounts payable and accrued liabilities	345	144	-668	96	550
Other Working Capital	2,782	211	-9,803	3,947	-949
Other Operating Activity	3,257	1,372	16,706	12,605	5,732
Operating Cash Flow	$27,531	$12,161	$57,430	$50,715	$29,355

Cash Flows From Investing Activities
Change In Deposits	291	-1,741	1,103	140	287
PPE Investments	-95	682	-6,348	-6,190	-5,547
Other Investing Activity	-293	-135	-947	-218	-206
Investing Cash Flow	$-97	$-1,194	$-6,192	$-6,268	$-5,466

Cash Flows From Financing Activities
Common Stock Issued	791	319	2,657	2,556	2,073
Common Stock Repurchased	-1,572	-772	-7,802	-6,754	-3,927
Dividend Paid	-37,005	-25,234	-49,785	-45,715	-36,703
Financing Cash Flow	$-37,786	$-25,687	$-54,930	$-49,913	$-38,557

Beginning Cash Position	35,417	35,417	39,109	39,109	39,109
End Cash Position	24,838	20,470	35,417	33,643	24,441
Net Cash Flow	$-10,579	$-14,947	$-3,692	$-5,466	$-14,668

Free Cash Flow
Operating Cash Flow	27,531	12,161	57,430	50,715	29,355
Capital Expenditure	-95	-77	-6,348	-6,190	-5,547
Free Cash Flow	27,436	12,084	51,082	44,525	23,808