Westwood Holdings Group, Inc.

(NYSE:WHG)
  Jun 30, 2008 Mar 31, 2008 Dec 31, 2007 Sep 30, 2007
Cash Flow Statement
Cash At Beginning Of Period 4,560 4,560 2,177 2,177
Cash At End Of Period 5,009 4,042 4,560 4,953
Net Change In Cash And Cash Equivalents 449 -518 2,383 2,776
Effect Of Exchange Rate Changes — — — —
Net Income Or Loss 3,686 1,955 7,944 4,662
Cash From Operating Activities
Depreciation Expenses — — — —
Amortization Expenses — — — —
Amortization Of Intangibles Expenses — — — —
Deferred Income Taxes -536 — -256 439
Operating Gains Or Losses — — — —
Extraordinary Gains Or Losses — — — —
Increase Or Decrease In Receivables — — — —
Increase Or Decrease In Inventories — — — —
Increase Or Decrease In Prepaid Expenses — — — —
Increase Or Decrease In Other Current Assets — — — —
Increase Or Decrease In Payables 1,505 2,880 -3,674 -1,740
Increase Or Decrease In Other Current Liabilities — — — —
Increase Or Decrease In Other Working Capital -2,033 -3,537 2,277 -248
Other Non Cash Items — — — —
Net Cash From Continuing Operations 3,064 992 5,395 3,056
Net Cash From Discontinued Operations — — — —
Net Cash From Operating Activities — — — —
Cash From Investing Activities
Sale Of Property Plant And Equipment — — — —
Sale Of Long Term Investments — — — —
Sale Of Short Term Investments — — — —
Purchase Of Property Plant And Equipment -66 -32 -114 -45
Acquisitions — — — —
Purchase Of Long Term Investments — — — —
Purchase Of Short Term Investments -3,478 -1,353 -8,009 -5,320
Other Investing Changes Net — — — —
Cash From Discontinued Investing Activities — — — —
Net Cash From Investing Activities -1,140 -734 -3,088 -456
Cash From Financing Activities
Issuance Of Debt 48 — 609 533
Issuance Of Capital Stock — — — —
Repayment Of Debt -802 -802 -1,070 -1,042
Repurchase Of Capital Stock -3,793 -1,702 -7,040 -3,654
Payment Of Cash Dividends 450 430 1,286 1,226
Net Other Financing Charges 450 430 1,286 1,226
Cash From Discontinued Financing Activities — — — —
Net Cash From Financing Activities -4,097 -2,074 -6,215 -2,937