AMERISAFE, INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $46.2M | $77.9M | $70.5M | $53.7M | $43.6M | $29.4M | $24.2M | $34.5M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $984.0K | $1.2M | $1.3M | $1.3M | $1.3M | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $2.0M | $1.6M | $1.2M | $1.5M | $1.4M | $641.0K | $471.0K | $2.3M |
| Net Cash from Operating Activities | $130.8M | $114.2M | $92.9M | $140.7M | $129.2M | $81.0M | $43.7M | $44.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $478.0K | $1.6M | $953.0K | $989.0K | $1.1M | $1.2M | $1.1M | $3.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-51.5M | $-50.5M | — | — | — | $-9.3M | $-42.9M | $-36.7M |
| Financing Activities | ||||||||
| Dividends Paid | $78.9M | $67.0M | $50.0M | $25.0M | $15.0M | $21.0M | $32.0M | — |
| Stock Repurchases | — | — | — | — | — | — | $10.3M | $12.1M |
| Net Cash from Financing Activities | $-82.6M | $-74.3M | — | — | — | $-24.6M | $-16.2M | $-10.4M |
| Net Change in Cash | $-3.4M | $-10.5M | $-21.5M | $-32.1M | $30.4M | $47.1M | $-15.4M | $-2.2M |
| Free Cash Flow | $130.3M | $112.6M | $91.9M | $139.7M | $128.0M | $79.9M | $42.6M | $41.6M |