Kingsway Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-10.3M | $-8.3M | $24.0M | $15.1M | $1.9M | $-7.8M | $600.0K | $-30.7M |
| Depreciation & Amortization | $9.2M | $7.0M | $6.2M | $6.4M | $5.1M | $6.7M | $6.9M | $6.7M |
| Depreciation | — | — | $300.0K | $300.0K | $200.0K | $4.4M | $4.4M | $4.3M |
| Amortization | $8.2M | $6.3M | $5.9M | $6.1M | $4.8M | $2.3M | $2.5M | $2.4M |
| Stock-Based Compensation | $1.7M | $1.8M | $1.6M | $4.1M | $3.6M | $1.4M | $1.2M | $-1.7M |
| Net Cash from Operating Activities | $-3.0K | $1.1M | $-26.2M | $-14.6M | $-5.9M | $1.7M | $759.0K | $-10.1M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | $830.0K | $213.0K | — | — |
| Business Acquisitions | $29.2M | $20.1M | $13.6M | $13.7M | $10.0M | $2.7M | $4.9M | $0 |
| Net Cash from Investing Activities | $-29.6M | $-16.8M | $6.5M | $100.9M | $-8.6M | $4.0M | $-6.5M | $20.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $345.0K | $2.5M | $3.2M | $0 | — | — | — | — |
| Net Cash from Financing Activities | $32.7M | $11.4M | $-40.0M | $-37.9M | $-540.0K | $13.6M | $1.3M | $-4.1M |
| Net Change in Cash | $3.1M | $-4.4M | $-59.7M | $49.9M | $-11.7M | $19.3M | $-5.9M | $11.2M |
| Free Cash Flow | — | — | — | — | $-6.7M | $1.5M | — | — |