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v3.19.2

Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2019 | Jun. 30, 2018
Cash flows from operating activities: |  |
Net income | $ 11,303 | $ 26,148
Adjustments to reconcile net income to net cash provided by operating activities: |  |
Advisory fees received in gold and other precious metals | (22,872) | (11,033)
Contractual gold payments | 6,208 | 2,715
Stock-based compensation | 6,207 | 6,838
Deferred income taxes | 2,443 | (1,055)
Amortization of right of use asset | 1,590 |
Amortization of credit facility issuance costs | 1,430 | 637
Paid-in-kind interest income (Note 8) | (1,223) | (840)
Impairment | 572 |
Depreciation and amortization | 533 | 692
Gain on revaluation of deferred consideration – gold payments | (367) | (9,898)
Other | 5 | 834
Changes in operating assets and liabilities: |  |
Securities owned, at fair value | (222) | (2,028)
Accounts receivable | 1,833 | 2,871
Income taxes receivable/payable | (44) | 8,109
Prepaid expenses | (1,746) | (1,669)
Gold and other precious metals | 16,318 | 8,930
Other assets | (552) | 975
Fund management and administration payable | 1,231 | (380)
Compensation and benefits payable | (3,938) | (21,170)
Securities sold, but not yet purchased, at fair value | (1,155) | 1,077
Payable to ETFS Capital Limited |  | 222
Operating lease liabilities | (1,760) |
Accounts payable and other liabilities | (435) | (2,961)
Net cash provided by operating activities | 15,359 | 9,014
Cash flows from investing activities: |  |
Purchase of fixed assets | (15) | (34)
Funding of AdvisorEngine notes receivable (Note 8) | (1,540) | (5,000)
Proceeds from held-to-maturity securities maturing or called prior to maturity | 39 | 1,063
Proceeds from sales and maturities of debt securities available-for-sale |  | 64,498
Cash paid – ETFS Acquisition, net of cash acquired (Note 3) |  | (233,172)
Net cash used in investing activities | (1,516) | (172,645)
Cash flows from financing activities: |  |
Dividends paid | (10,191) | (9,167)
Shares repurchased | (2,107) | (1,006)
Credit facility issuance costs |  | (8,690)
Preferred stock issuance costs |  | (181)
Proceeds from the issuance of long-term debt (Note 12) |  | 200,000
Proceeds from exercise of stock options | 14 | 139
Net cash (used in)/provided by financing activities | (12,284) | 181,095
Increase/(decrease) in cash flow due to changes in foreign exchange rate | 268 | (913)
Net increase in cash and cash equivalents | 1,827 | 16,551
Cash and cash equivalents—beginning of period | 77,784 | 54,193
Cash and cash equivalents—end of period | 79,611 | 70,744
Supplemental disclosure of cash flow information: |  |
Cash paid for taxes | 4,403 | 2,841
Cash paid for interest | $ 4,559 | $ 1,241

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- Definition The cash outflow for cost incurred directly with the issuance of an equity security. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585 + Details
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- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585 + Details
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- Definition The cash outflow to acquire an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585 + Details
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- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585 + Details
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- Definition The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585 + Details
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- Definition Amount of cash inflow from sale, maturity, prepayment and call of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3151-108585 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3179-108585 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109979856&loc=d3e26853-111562 + Details
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- Definition The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3179-108585 + Details
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- Definition Amount of cash inflow from exercise of stock options granted under share-based compensation arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2A -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109197908&loc=SL79508275-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585 + Details
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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585 + Details
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- Definition Advisory Received paid in gold. + References No definition available. + Details
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- Definition Contractual gold payments. + References No definition available. + Details
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- Definition Gain/loss from revaluation of deferred consideration. + References No definition available. + Details
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- Definition Increase (decrease) in fund management and administration payable. + References No definition available. + Details
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- Definition Cash realized upon sale of gold and other precious metals. + References No definition available. + Details
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- Definition Amount of increase or decrease in operating lease liabilities. + References No definition available. + Details
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- Definition Operating lease right of use asset amortization. + References No definition available. + Details
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- Definition Paid-in-kind interest income. + References No definition available. + Details
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