AMERISAFE, INC.
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $11.0M | $16.9M | $19.2M | $10.0M | $15.6M | $17.3M | $20.8M | $11.4M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $230.0K | $328.0K | $355.0K | $373.0K | $349.0K | $350.0K | $356.0K | $351.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $710.0K | $688.0K | $441.0K | $470.0K | $430.0K | $216.0K | $967.0K | $671.0K |
| Net Cash from Operating Activities | $-2.6M | $7.5M | $4.0M | $5.1M | $7.3M | $13.5M | $-7.9M | $11.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $56.0K | $746.0K | $26.0K | $490.0K | $5.0K | $32.0K | $217.0K | $840.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $11.5M | $-5.7M | $51.3M | $27.0M | $-7.1M | $-27.2M | $61.0M | $7.0M |
| Financing Activities | ||||||||
| Dividends Paid | $7.1M | $7.1M | $36.3M | $6.6M | $6.6M | $6.5M | $59.7M | $5.9M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-11.7M | $-7.1M | $-75.8M | $-6.8M | $-7.4M | $-6.5M | $-82.6M | $-12.5M |
| Net Change in Cash | $-2.8M | $-5.3M | $-20.6M | $25.3M | $-7.3M | $-20.3M | $-29.5M | $5.6M |
| Free Cash Flow | $-2.6M | $6.8M | $3.9M | $4.6M | $7.3M | $13.4M | $-8.1M | $10.2M |