For the year ending 2025-12-31, HKHC had $23,625K increase in cash & cash equivalents over the period. -$43,382K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 6,000 |
| Depreciation and amortization | 1,116 |
| Equity earnings (losses), net | -4,866 |
| Non-cash reinvestment of management fees and performance allocation from affiliates | -121 |
| Net realized and unrealized (gains) losses on investments | -15,554 |
| Deferred income tax provision (benefit) | -29,338 |
| Amortization of operating lease right-of-use assets | 2,114 |
| Net change in unrealized gain on digital assets | -796 |
| Allowance for current expected credit losses | 1,150 |
| Other non-cash amounts | -812 |
| Net realized and unrealized (gains) losses on investments | -21,472 |
| Investments purchased | 82,586 |
| Proceeds from sale of securities | 72,203 |
| Net proceeds from securities sold short | 415 |
| Net change in operating assets and liabilities of consolidated investment products | -9,380 |
| Fees receivable | -40,847 |
| Prepaid expenses and other assets, net | 6,784 |
| Due from affiliates | -1,087 |
| Accounts payable, accrued expenses, and other liabilities | -17,986 |
| Due to affiliates | -2,370 |
| Net cash (used in) provided by operating activities | -43,067 |
| Issuance of notes receivable to related party | 1,150 |
| Repayment of note from related party | 80 |
| Proceeds from sale of investments | 32,816 |
| Purchases of property and equipment | 315 |
| Deconsolidation of a consolidated investment product | 5,000 |
| Purchases of investments | 1,205 |
| Cash acquired from acquisition | 0 |
| Net cash provided by investing activities | 25,226 |
| Dividends | 6,336 |
| Distributions | 0 |
| Cash contributions from affiliates | 0 |
| Contributions from redeemable noncontrolling interests in consolidated investment products | 76,559 |
| Redemptions of redeemable noncontrolling interests in consolidated investment products | 28,757 |
| Net cash provided by (used in) financing activities | 41,466 |
| Net increase (decrease) in cash and cash equivalents | 23,625 |
| Cash and cash equivalents of hkhc and consolidated investment products, beginning of year | 58,752 |
| Cash and cash equivalents of hkhc and consolidated investment products, end of year | 82,377 |
Horizon Kinetics Holding Corp (HKHC)
Horizon Kinetics Holding Corp (HKHC)