Neuberger High Yield Strategies Fund Inc. (NHS)
The Neuberger High Yield Strategies Fund Inc., identified by its symbol NHS, is a closed-end investment vehicle focused on fixed income. Established by Neuberger Berman LLC and overseen by Neuberger Berman Investment Advisers LLC, it allocates capital to debt instruments in global markets. The fund primarily targets high-yield bonds issued by companies across numerous sectors, such as automotive components and equipment, airlines, the broader automotive industry, electronics, healthcare services, packaging, integrated and service-based telecommunications, gaming, and natural gas distribution. Formed on July 28, 2003, and based in the United States, it was previously known as the Neuberger Berman High Yield Strategies Fund.
Industry: Asset Management
Neuberger High Yield Strategies Fund Inc.
NYSE:NHSFinancial Services · Asset Management
+0.19%$5.34
AH Close$5.34+0.00%vs close
AH Close$5.34+0.00%vs close
Mkt Cap$168.58M
Float9.08M
O/S31.57M
Inst Own44.6%
SI0.4%
Div Yield20.34%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$26.72M
Net Income$20.22M
Total Assets$339.8M
Free Cash Flow$13.64M
Debt & Equity
Debt 30%
Equity 70%
Total Debt$101.18M
Total Equity$233.29M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NHS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$339.8M
Liabilities$106.51M
Accounts Receivable$5.59M
Accounts Payable$5.14M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 |
| Revenue | $26.72M | $41.75M | $22.35M | $9.53M | $29.51M | $9.17M | $25.51M | -$835K | $25.82M | $29.24M | $25.25M | $27.02M | $27.33M | $27.51M | $19.56M | $21.07M | $23.01M | $22.83M | $23.71M | $23.75M | $8.76M |
| YoY Growth | -36.0% | 86.8% | 134.5% | -67.7% | 221.8% | -64.1% | -3155.9% | -103.2% | -11.7% | 15.8% | -6.5% | -1.1% | -0.7% | 40.6% | -7.2% | -8.4% | 0.8% | -3.7% | -0.2% | 171.1% | - |
| Cost of Revenue | $2.25M | $0 | $3.14M | $1.99M | $0 | $2.87M | $2.93M | $2.71M | $2.77M | $2.69M | $40K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $24.47M | $41.75M | $22.35M | $7.54M | $29.51M | $6.3M | $22.58M | -$3.55M | $23.05M | $26.55M | $25.21M | $27.02M | $27.33M | $27.51M | $19.56M | $21.07M | $23.01M | $22.83M | $23.71M | $23.75M | $8.76M |
| Gross Margin | 91.6% | 100.0% | 100.0% | 79.2% | 100.0% | 68.7% | 88.5% | 424.8% | 89.3% | 90.8% | 99.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$4 | $0 | $0 | $0 | -$0 | $1 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $752K | $950K | $2.55M | $547K | $852K | $1.4M | $1.21M | $661K | $721K | $787K | $3.03M | $3.19M | $3.09M | $2.8M | $1.83M | $2.24M | $2.58M | $2.62M | $2.75M | $2.71M | $1.02M |
| Other | -$1.7M | $2.86M | $0 | $1.7M | $1.86M | $2.16M | $1.77M | $1.6M | $1.22M | $1.09M | $0 | $0 | $0 | $0 | $1.18M | $254K | $19K | $42K | $41K | $20K | $200K |
| Total Operating Expenses | -$947K | $3.81M | $2.55M | $2.25M | $2.71M | $3.55M | $2.98M | $2.26M | $1.94M | $1.88M | $36.43M | $8.18M | $9.12M | $18.97M | $3.01M | $2.49M | $2.6M | $2.66M | $2.79M | $2.73M | $1.22M |
| Operating Income (EBIT) | $25.42M | $37.94M | $12.14M | -$29.94M | $29.05M | $6.75M | $22.53M | -$138K | $26.01M | $29.02M | $22.18M | $23.82M | $24.24M | $24.71M | $16.55M | $18.58M | $20.41M | $20.17M | $20.92M | $21.01M | $7.54M |
| Operating Margin | 95.1% | 90.9% | 54.3% | -314.1% | 98.5% | 73.6% | 88.3% | 16.5% | 100.7% | 99.3% | 87.8% | 88.2% | 88.7% | 89.8% | 84.6% | 88.2% | 88.7% | 88.3% | 88.2% | 88.5% | 86.1% |
| Interest Expense | $2.74M | $3.19M | $3.14M | $1.02M | $431K | $2.11M | $3.4M | $2.96M | $2.13M | $1.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $23.26M | $22.8M | $22.35M | $17.62M | $16.28M | $21.51M | $23.76M | $22.33M | $23.45M | $23.81M | $3M | $2.68M | $2.06M | $3.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$5.2M | -$6.03M | -$8.43M | -$3.55M | -$2.25M | -$3.73M | $0 | -$22.6M | $3.43M | $6.55M | -$36.4M | -$7.66M | $10.16M | $18.08M | $57.51M | -$70.25M | -$16.36M | $7.55M | -$11.54M | $1.47M | $16.25M |
| Income Before Tax (EBT) | $20.22M | $37.94M | $3.72M | -$33.49M | $26.8M | $3.02M | $22.53M | -$3.09M | $23.87M | $27.36M | -$14.23M | $16.16M | $34.39M | $42.79M | $74.06M | -$51.67M | $4.05M | $27.71M | $9.38M | $22.48M | $23.79M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $20.45M | $20.8M | $0 | $0 | $0 | $18.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $20.22M | $37.94M | $3.72M | -$33.49M | $26.8M | $3.02M | $22.53M | -$3.09M | $23.87M | $27.36M | -$14.23M | $16.16M | $33.63M | $41.86M | $74.06M | -$51.67M | $4.05M | $27.71M | $9.38M | $22.48M | $23.79M |
| Net Income Margin | 75.7% | 90.9% | 16.6% | -351.4% | 90.8% | 33.0% | 88.3% | 370.5% | 92.5% | 93.6% | -56.3% | 59.8% | 123.1% | 152.1% | 378.6% | -245.2% | 17.6% | 121.4% | 39.6% | 94.7% | 271.6% |
| Supplementary Data | |||||||||||||||||||||
| EPS | 0.66 | 1.44 | 0.14 | -0.86 | 0.69 | 0.08 | 1.15 | -0.16 | 1.22 | 1.40 | -0.73 | 0.83 | 1.72 | 2.14 | 6.72 | -4.22 | 0.33 | 2.26 | 0.77 | 1.84 | 1.95 |
| Diluted EPS | 0.66 | 1.44 | 0.14 | -0.86 | 0.69 | 0.08 | 1.15 | -0.16 | 1.22 | 1.40 | -0.73 | 0.83 | 1.72 | 2.14 | 6.72 | -4.22 | 0.33 | 2.26 | 0.77 | 1.84 | 1.95 |
| Weighted Average OS | 30.63M | 26.35M | 25.93M | 38.98M | 38.98M | 38.98M | 19.54M | 19.33M | 19.54M | 19.54M | 19.54M | 19.54M | 19.54M | 19.54M | 11.03M | 12.25M | 12.25M | 12.25M | 12.25M | 12.24M | 12.23M |
| EBITDA | $25.42M | $37.94M | $12.14M | -$29.94M | $29.05M | $6.75M | $22.53M | $19.37M | $23.87M | $27.36M | $22.18M | $23.82M | $24.24M | $0 | $74.06M | $18.58M | $20.41M | $27.71M | $20.92M | $22.48M | $23.79M |
| EBITDA Margin | 95.1% | 90.9% | 54.3% | -314.1% | 98.5% | 73.6% | 88.3% | -2320.5% | 92.5% | 93.6% | 87.8% | 88.2% | 88.7% | - | 378.6% | 88.2% | 88.7% | 121.4% | 88.2% | 94.7% | 271.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2003-12-31 |
| Assets | ||||||||||||||||||||
| Current Assets | ||||||||||||||||||||
| Cash and Cash Equivalents | $0 | $0 | $0 | $0 | $0 | $22K | $753K | $17K | $114K | $843K | $105K | $41K | $505K | $0 | $100K | $409K | $0 | $6.43M | $5.25M | $1.3M |
| Short-Term Investments | $11.6M | $8.33M | $1.22M | $32.41M | $22.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $11.6M | $8.33M | $1.22M | $32.41M | $22.63M | $22K | $753K | $17K | $114K | $843K | $105K | $41K | $505K | $0 | $100K | $409K | $0 | $6.43M | $5.25M | $1.3M |
| Accounts Receivable | $5.59M | $5.77M | $7.91M | $6.17M | $4.14M | $5.8M | $11.05M | $9.24M | $7.94M | $7.16M | $9.91M | $10.92M | $14.37M | $23.42M | $3.59M | $3.94M | $7.2M | $6.97M | $11.42M | $5.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $15.28M | $0 | $0 | $14.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$17.19M | -$8.31M | -$1.05M | -$32.41M | -$22.64M | -$21K | -$15.3M | $2.39M | $998K | $1.34M | $1.12M | $1.95M | $2.6M | $3.99M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $344K | $5.92M | $8.1M | $6.3M | $4.14M | $5.82M | $11.81M | $9.26M | $8.06M | $8.51M | $11.33M | $13.13M | $17.61M | $27.41M | $3.69M | $4.35M | $7.2M | $13.4M | $16.67M | $6.5M |
| Long-Term Assets | ||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $322.24M | $317.66M | $295.81M | $289.01M | $288.16M | $353.63M | $371.46M | $368.74M | $386.21M | $376.48M | $365.97M | $401.55M | $405.48M | $374.28M | $199.69M | $150.62M | $248.5M | $262.22M | $254.28M | $273.9M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$368.74M | -$386.21M | -$376.48M | $0 | $0 | $0 | -$374.28M | -$199.69M | -$150.62M | -$248.5M | -$262.22M | -$254.28M | -$273.9M |
| Total Long-Term Assets | $339.45M | $317.66M | $295.81M | $289.01M | $288.16M | $353.63M | $371.46M | $368.74M | $386.21M | $376.48M | $365.97M | $401.55M | $405.48M | $374.28M | $199.69M | $150.62M | $248.5M | $262.22M | $254.28M | $273.9M |
| Other Assets | $339.8M | $323.58M | $185K | $138K | $330K | $360.06M | $19K | $18K | $17K | $1.01M | $0 | $0 | $0 | $0 | $402K | $565K | $0 | $520K | $1.46M | $0 |
| Total Assets | $339.8M | $323.58M | $303.91M | $295.32M | $292.63M | $360.06M | $383.28M | $378.01M | $394.28M | $386M | $377.29M | $414.68M | $423.09M | $401.69M | $203.78M | $155.53M | $255.7M | $276.14M | $272.41M | $280.4M |
| Liabilities | ||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||
| Accounts Payable | $5.14M | $4.67M | $2.38M | $2.26M | $5.63M | $2.03M | $9.61M | $6.98M | $5.66M | $3.94M | $3.49M | $5.76M | $8.02M | $12.74M | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $201K | $223K | $603K | $0 | $9.78M | $3M | $0 | $0 | $0 | $0 | $428K | $395K | $0 | $0 | $4.99M | $0 | $0 | $547K | $1.23M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | -$965K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $5.33M | $457K | -$331K | $1.15M | -$9.58M | -$2.47M | -$368K | -$7.65M | -$6.31M | -$4.51M | $111K | $121K | $137K | $1.19M | $2.3M | $6.43M | $3.6M | $975K | $3.34M | $700K |
| Total Current Liabilities | $5.53M | $5.75M | $2M | $3.59M | $6.24M | $2.03M | $10.24M | $7.65M | $6.23M | $4.45M | $4.54M | $6.76M | $8.67M | $13.93M | $7.29M | $6.43M | $3.6M | $1.52M | $4.57M | $700K |
| Long-Term Liabilities | ||||||||||||||||||||
| Long-Term Debt | $100.98M | $83.46M | $105.93M | $121.89M | $95.26M | $124.62M | $0 | $0 | $0 | $0 | $125M | $126.2M | $127.76M | $86.37M | $58.2M | $58.2M | $90M | $90.23M | $90.18M | $90M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$100.98M | $227K | $607K | $13K | $14K | $21K | $0 | $0 | $0 | $0 | $2K | $2K | $3K | -$86.37M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $101.14M | $84.07M | $106.54M | $121.91M | $95.27M | $124.64M | $89.91M | $89.89M | $89.87M | $90M | $125M | $126.2M | $127.76M | $86.37M | $58.2M | $58.2M | $90M | $90.23M | $90.18M | $90M |
| Other Liabilities | $100.98M | $83.46M | $41.48M | $119.87M | $76.26M | $130.74M | $35.61M | $37.15M | $35.7M | $35.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $106.51M | $89.44M | $109.48M | $127.04M | $111.54M | $130.74M | $135.77M | $134.69M | $131.79M | $129.64M | $129.54M | $132.96M | $136.43M | $100.3M | $65.49M | $64.63M | $93.6M | $91.76M | $94.75M | $90.7M |
| Stockholders' Equity | ||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.92M | $12.52M | $23.56M | $0 | $0 | $0 | $27.25M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $280.42M | $286.06M | $270.42M | $235.97M | $202.08M | $265.71M | $271.97M | $274.35M | $274.97M | $279.8M | $285.9M | $292.26M | $293.35M | $294.03M | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$47.13M | -$51.92M | -$75.99M | -$67.69M | -$20.99M | -$36.39M | -$24.45M | -$31.03M | $47K | $121K | -$38.14M | -$10.55M | -$6.7M | -$19.89M | -$36.25M | -$36.9M | -$2.8M | $733K | -$1.07M | $1M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $2.95M | -$13.92M | -$12.52M | -$23.56M | $0 | $0 | $0 | $0 | $13.74M | -$44.92M | -$9.1M | $9.76M | $4.91M | $15.1M |
| Other Stockholders' Equity | -$2 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$12.52M | -$23.56M | $0 | $0 | $0 | $27.25M | $174.54M | $127.81M | $164.9M | $183.66M | $178.73M | $188.7M |
| Total Equity | $233.29M | $234.14M | $194.43M | $168.28M | $181.09M | $229.32M | $247.52M | $243.32M | $262.49M | $256.35M | $247.76M | $281.72M | $286.66M | $301.39M | $138.29M | $90.91M | $162.1M | $184.39M | $177.66M | $189.7M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $339.8M | $323.58M | $303.91M | $295.32M | $292.63M | $360.06M | $383.28M | $378.01M | $394.28M | $386M | $377.29M | $414.68M | $423.09M | $401.69M | $203.78M | $155.53M | $255.7M | $276.14M | $272.41M | $280.4M |
| Supplementary Data | ||||||||||||||||||||
| Total Debt | $101.18M | $83.46M | $66M | $121.89M | $29.03M | $127.62M | $89.91M | $89.89M | $89.87M | $90M | $125.43M | $126.59M | $127.76M | $0 | $63.19M | $58.2M | $90M | $90.78M | $91.41M | $90M |
| Net Debt | $101.18M | $83.46M | $66M | $45.89M | $29.03M | $32.6M | $89.16M | $89.87M | $89.75M | $89.16M | $125.32M | $126.55M | $127.26M | $0 | $63.09M | $57.79M | $90M | $84.35M | $86.16M | $88.7M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
| Operating Activities | |||||||||||||||||||
| Net Income | $20.22M | $37.94M | $3.72M | -$33.49M | $26.8M | $3.02M | $22.53M | -$3.09M | $23.87M | $27.36M | -$14.23M | $16.16M | $34.39M | $42.79M | $74.06M | -$51.67M | $4.05M | $27.71M | $9.38M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||
| Accounts Receivable | $178K | $2.15M | -$3.18M | -$2.02M | $1.25M | $5.66M | -$1.81M | -$1.3M | -$275K | $2.75M | $915K | $3.45M | $9.05M | -$11M | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | -$136K | -$136K | $291K | -$4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$367K | $3.35M | -$694K | -$3.2M | $4.33M | -$8.38M | $2.63M | $1.31M | $1.71M | $477K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$226K | -$486K | $1.1M | -$9.13M | $6.38M | $36K | $328K | $1.61M | $1.43M | -$497K | $44.01M | $4.61M | -$29.49M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$415K | $5.02M | -$2.77M | -$14.48M | $11.82M | -$2.39M | $1.14M | $1.46M | $2.03M | $2.93M | $44.92M | $8.05M | -$20.44M | -$11M | $9.78M | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$6.16M | -$21.85M | -$6.8M | -$717K | $65.61M | $20.53M | -$2.72M | $17.64M | -$8.9M | -$10.79M | -$10.88M | -$3.56M | -$6.88M | -$22.64M | -$57.98M | -$3.34M | -$5.09M | -$4.49M | -$3M |
| Net Cash from Operating | $13.64M | $21.1M | -$5.85M | -$48.69M | $104.23M | $21.16M | $20.95M | $16.01M | $17.01M | $19.5M | $19.81M | $20.66M | $7.07M | $20.15M | $25.86M | -$55.01M | -$1.03M | $23.23M | $6.39M |
| Investing Activities | |||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$279M | -$313.93M | -$272.34M | -$181.88M | -$194.26M | -$370.19M | -$337.08M | -$246M | -$251.69M | -$222.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $272.25M | $325.01M | $228.15M | $143.94M | $287.58M | $383.44M | $340.63M | $239.04M | $252.53M | $215.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$11.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$6.75M | $11.08M | -$44.2M | -$37.94M | $93.32M | $13.25M | $3.55M | -$6.97M | $842K | -$6.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||||||||||||||
| Debt Repaid | -$17.5M | $22.5M | -$20M | -$26.5M | $10.5M | $60M | - | - | - | - | - | - | -$7.4M | - | - | - | - | - | - |
| Common Stock Issuance | $11.82M | $30.56M | $45.83M | $38.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$58.77M | -$35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$32.92M | -$28.78M | -$23.38M | -$18.02M | -$16.26M | -$21.22M | -$18.31M | -$16.11M | -$17.74M | -$18.76M | -$19.75M | -$21.12M | -$21.05M | -$20.89M | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | -$19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.83M | $0 | -$26.17M | -$16.18M | -$21.27M | -$16.5M | -$19.43M |
| Net Cash from Financing | -$3.6M | -$20.73M | $6.45M | $47.18M | -$104.53M | -$21.22M | -$18.31M | -$16.11M | -$17.74M | -$18.76M | -$19.75M | -$21.12M | -$5.82M | -$20.89M | -$26.17M | -$16.18M | -$21.27M | -$16.5M | -$19.43M |
| Forex Effect | -$3.29M | $0 | $30.6M | $37.94M | -$93.32M | -$13.25M | -$3.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $22K | $379K | $599K | -$1.51M | -$297K | -$59K | $2.64M | -$97K | -$730K | $739K | $64K | -$464K | $1.25M | -$746K | -$309K | -$71.18M | -$22.3M | $6.73M | -$13.04M |
| Supplementary Data | |||||||||||||||||||
| Operating Cash Flow | $13.64M | $21.1M | -$5.85M | -$48.69M | $104.23M | $21.16M | $20.95M | $16.01M | $17.01M | $19.5M | $19.81M | $20.66M | $7.07M | $20.15M | $25.86M | -$55.01M | -$1.03M | $23.23M | $6.39M |
| Capital Expenditure | -$4 | $3 | $0 | $0 | -$4 | -$5 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $13.64M | $21.1M | -$5.85M | -$48.69M | $104.23M | $21.16M | $20.95M | $16.01M | $17.01M | $19.5M | $19.81M | $20.66M | $7.07M | $20.15M | $25.86M | -$55.01M | -$1.03M | $23.23M | $6.39M |
| Cash at Beginning | $0 | -$603K | -$1.2M | $312K | $609K | $668K | -$1.97M | $114K | $843K | $105K | $41K | $505K | -$746K | $0 | $409K | $0 | $6.43M | $5.25M | $1.41M |
| Cash at End | -$201K | -$223K | -$603K | -$1.2M | $312K | $609K | $668K | $17K | $114K | $843K | $105K | $41K | $505K | -$746K | $100K | -$71.18M | -$15.87M | $11.98M | -$11.63M |