Company: HGBL
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038691
Chunk: 18

Company: Heritage Global Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 15
Chunk 18
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    776

    Changes in operating assets and liabilities:

    Accounts receivable

    351

    (931
    )

    Inventory – equipment

    (274
    )

    (455
    )

    Other assets

    (605
    )

    662

    Accounts payable and accrued liabilities

    (1,257
    )

    (1,440
    )

    Payables to sellers

    2,442

    1,787

    Lease liabilities

    (657
    )

    (625
    )

    Net cash provided by operating activities

    7,745

    13,021

    Cash flows from investing activities:

    Investment in notes receivable

    (5,675
    )

    (29,826
    )

    Payments received on notes receivable

    11,041

    11,876

    Investment in equity method investments

    (343
    )

    (17,224
    )

    Return of investment in equity method investments

    3,299

    9,652

    Cash distributions from equity method investments

    2,688

    1,059

    Purchase of property and equipment

    (137
    )

    (257
    )

    Cash received on transfer of notes receivable to partners

    —

    8,851

    Net cash provided by (used in) investing activities

    10,873

    (15,869
    )

    Cash flows from financing activities:

    Proceeds from debt payable to third parties

    —

    13,000

    Repayment of debt payable to third parties

    (6,833
    )

    (10,054
    )

    Proceeds from issuance of common stock from stock option awards

    —

    36

    Payments of tax withholdings related to issuance of restricted stock and cashless exercises of stock option awards

    (117
    )

    (122
    )

    Repurchase of common stock

    (2,198
    )

    (400
    )

    Net cash (used in) provided by financing activities

    (9,148
    )

    2,460

    Net change in cash and cash equivalents

    9,470

    (388
    )

    Cash and cash equivalents as of beginning of period

    12,279

    12,667

    Cash and cash equivalents as