W.R. Berkley Corp.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $549.1M | $601.9M | $503.7M | $648.9M | $499.9M | $510.6M | $391.2M | $446.4M |
| Depreciation & Amortization | $113.0M | $86.1M | $85.1M | $88.8M | $103.1M | $103.4M | $88.0M | $82.9M |
| Depreciation | $50.0M | $47.0M | $45.0M | $44.0M | $38.0M | $38.0M | $40.0M | $41.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $40.5M | $37.2M | $32.1M | $28.1M | $23.8M | $26.8M | $27.2M | $27.4M |
| Net Cash from Operating Activities | $710.9M | $848.4M | $881.3M | $734.8M | $819.8M | $675.5M | $670.3M | $451.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $115.7M | $50.8M | $63.6M | $42.0M | $63.2M | $40.6M | $45.3M | $49.6M |
| Business Acquisitions | $70.6M | $53.5M | $7.3M | $65.4M | $56.9M | $42.8M | $262.0M | $0 |
| Net Cash from Investing Activities | $-333.5M | $-794.5M | $-170.8M | $-808.3M | $-545.4M | $-775.1M | $-204.3M | $37.3M |
| Financing Activities | ||||||||
| Dividends Paid | $188.2M | $184.0M | $58.0M | $181.5M | $52.7M | $183.9M | $43.3M | $49.3M |
| Stock Repurchases | $47.8M | $132.4M | $223.7M | $238.9M | $166.5M | $127.7M | $187.2M | $471.0M |
| Net Cash from Financing Activities | $-235.1M | $-6.9M | $-555.3M | $-69.8M | $-330.3M | $97.2M | $-195.2M | $-359.1M |
| Net Change in Cash | $155.2M | $31.7M | $89.2M | $-165.3M | $-65.9M | $-6.1M | $268.8M | $127.5M |
| Free Cash Flow | $595.2M | $797.5M | $817.7M | $692.9M | $756.6M | $634.9M | $625.0M | $401.7M |