MAIDEN HOLDINGS, LTD.
Cash Flow Statement
| Line Item | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $49.0M | $124.5M | $101.4M | $102.7M | $50.2M | $28.5M | $69.9M | $61.1M |
| Depreciation & Amortization | $12.6M | $9.7M | $40.3M | $19.1M | $6.3M | $8.6M | $7.2M | $7.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $2.5M | $2.8M | $3.3M | $3.8M | $4.4M | $5.0M | $5.8M | $6.6M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $470.1M | $634.3M | $651.6M | $366.2M | $319.1M | $181.3M | $151.6M | $45.5M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | $341.0K | $1.5M | $2.9M | $1.7M |
| Business Acquisitions | — | — | — | — | $0 | $-635.0K | $4.9M | $13.6M |
| Net Cash from Investing Activities | $-578.1M | $-750.7M | $-471.9M | $-584.0M | $-637.5M | $13.3M | $-125.2M | $-173.4M |
| Financing Activities | ||||||||
| Dividends Paid | $43.1M | $38.2M | $32.1M | $19.6M | $29.6M | $20.9M | $18.4M | $16.2M |
| Stock Repurchases | $470.0K | $654.0K | $66.0K | $0 | — | — | — | — |
| Net Cash from Financing Activities | $-76.8M | $99.8M | $-208.4M | $274.5M | $208.8M | $-99.5M | $-37.2M | $102.4M |
| Net Change in Cash | $-43.9M | $-18.5M | $-31.7M | $58.3M | $-106.5M | $91.9M | $-11.2M | $-24.5M |
| Free Cash Flow | — | — | — | — | $318.7M | $179.7M | $148.7M | $43.7M |