Component: (Network and Table)
Network
00400 - Statement - Consolidated and Combined Statements of Cash Flows
(http://www.moelis.com/role/StatementConsolidatedAndCombinedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001596967 (http://www.sec.gov/CIK)
Consolidated and Combined Statements of Cash FlowsPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
Consolidated and Combined Statements of Cash Flows
 
 
 
Cash flows from operating activities
 
 
 
Net income (loss)
141,865,000  
120,217,000  
32,555,000  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
 
 
 
Bad debt expense
(277,000) 
1,213,000  
1,450,000  
Depreciation and amortization
3,183,000  
2,635,000  
2,268,000  
(Income) loss from equity method investments
(5,076,000) 
(4,476,000) 
2,185,000  
Equity-based compensation
77,050,000  
46,131,000  
119,756,000  
Deferred tax provision
(1,014,000) 
796,000  
(753,000) 
Other
2,204,000  
540,000  
3,235,000  
Changes in assets and liabilities:
 
 
 
Accounts receivable
5,536,000  
(7,993,000) 
4,604,000  
Other receivables
3,562,000  
(5,448,000) 
371,000  
Prepaid expenses and other assets
1,754,000  
(5,166,000) 
1,990,000  
Deferred compensation
167,000  
(3,420,000) 
(2,456,000) 
Compensation payable
10,739,000  
(10,618,000) 
33,601,000  
Accounts payable and accrued expenses
(6,219,000) 
1,751,000  
11,103,000  
Deferred revenue
(4,018,000) 
1,855,000  
(1,682,000) 
Dividends received
1,416,000  
4,415,000  
 
Other liabilities
584,000  
(130,000) 
684,000  
Net cash provided by (used in) operating activities
231,456,000  
 
142,302,000  
 
208,911,000  
 
Cash flows from investing activities
 
 
 
Purchase of investments
(120,906,000) 
(157,981,000) 
(130,994,000) 
Proceeds from sales of investments
126,000,000  
160,001,000  
157,235,000  
Return of capital from equity method investments
11,000  
254,000  
 
Investment in equity method investments
  
(4,445,000) 
Note payments received from employees
  
831,000  
Notes issued to employees
(852,000) 
 
(119,000) 
Purchase of equipment and leasehold improvements
(2,870,000) 
(3,996,000) 
(3,888,000) 
Change in restricted cash
53,000  
(18,000) 
(81,000) 
Net cash provided by (used in) investing activities
1,436,000  
 
(1,740,000) 
 
18,539,000  
 
Cash flows from financing activities
 
 
 
Dividends and distributions
(154,703,000) 
(80,909,000) 
(123,223,000) 
Purchase of treasury stock
(3,314,000) 
(7,616,000) 
 
Payments under tax receivable agreement
 
(1,587,000) 
 
Excess tax benefits from equity-based compensation
118,000  
462,000  
 
Class A partnership units and other equity purchased
 
(90,000) 
 
Pre-offering distribution to partners
  
(195,017,000) 
IPO related proceeds (net of $10,316 of offering costs)
  
163,682,000  
Distributions of IPO proceeds to partners
  
(139,429,000) 
Other cash contributions from (distributions to) Parent
  
(34,730,000) 
Cash proceeds from issuance of Class B common stock
  
500,000  
Other
  
(938,000) 
Net cash provided by (used in) financing activities
(157,899,000) 
 
(89,740,000) 
 
(329,155,000) 
 
Effect of exchange rate fluctuations on cash and cash equivalents
(4,089,000) 
(744,000) 
(3,375,000) 
Net increase (decrease) in cash and cash equivalents
70,904,000  
 
50,078,000  
 
(105,080,000) 
 
Cash and cash equivalents, beginning of period
248,022,000  
197,944,000  
303,024,000  
Cash and cash equivalents, end of period
318,926,000  
 
248,022,000  
 
197,944,000  
 
Supplemental cash flow disclosure:
 
 
 
Cash paid during the period for:
 
 
 
Income taxes
28,613,000  
26,000,000  
5,649,000  
Other non-cash activity
 
 
 
Dividends declared not paid
68,066,000  
  
Dividend equivalents issued
23,367,000  
4,130,000  
 
Class A Partnership Units or other equity converted into Class A Common Stock
835,000  
4,726,000  
 
Forfeiture of fully-vested Group LP units or other equity units
83,000  
1,075,000  
 
Non-cash settlement of accounts receivable
 
635,000  
 
Initial establishment of deferred tax assets, net of amounts payable under tax receivable agreement
  
10,854,000  
Increase in deferred tax assets resulting from follow-on offering, net of amounts payable under tax receivable agreement
  
20,711,000  
Capitalized offering costs paid in prior or subsequent period
  
1,575,000  
Tax benefit related to settlement of appreciation units
  
4,308,000  
Establishment of deferred tax asset related to reorganization
  
3,261,000  
Increase in deferred tax asset related to IPO
  
1,302,000  
Other non-cash distributions
  
1,560,000