Hagerty
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Hagerty generated cash of $133,706,000, which is more than the previous year. Cash used in financing activities reached the amount of $103,161,000 last year. Net change in cash is therefore $185,085,000.
Cash Flow
| 2018 | 46.14M | -8.39M | 12.23M |
|---|---|---|---|
| 2019 | 50.09M | -21.05M | 40.09M |
| 2020 | 84.57M | -47.38M | 39.94M |
| 2021 | 42.28M | -68.99M | 332.07M |
| 2022 | 55.32M | -91.52M | -28.08M |
| 2023 | 133.70M | -52.64M | 103.16M |
HGTY Cash Flow Statement (2018 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
Cash at beginning of period | 539.19M | 603.97M | 299.07M | 221.06M | 151.70M | 102.23M |
Operating activities | ||||||
Net income | 20.23M | 2.40M | -61.35M | 10.03M | 4.20M | 8.47M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||
Depreciation and amortization | 45.80M | 33.88M | 22.14M | 11.79M | 8.95M | 7.75M |
Stock-based compensation expense | 18.01M | 12.12M | 0 | 0 | 0 | 0 |
| Deferred income tax benefit | 18.01M | 12.12M | 0 | 0 | 0 | 0 |
| Changes in operating assets and liabilities: | ||||||
Accounts receivable, net | -69.87M | -49.46M | -36.11M | -24.87M | -27.24M | -14.27M |
Inventories | 113.80M | 0 | 61.40M | 46.54M | 48.99M | 10.73M |
Accounts payable | 11.51M | 21.26M | 5.99M | 13.96M | 5.61M | 4.26M |
Cash generated by operating activities | 133.70M | 55.32M | 42.28M | 84.57M | 50.09M | 46.14M |
Investing activities | ||||||
Purchases Of Investments | -10.56M | -4.23M | -12.24M | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -26.40M | -44.37M | -43.37M | -38.25M | -9.40M | -7.89M |
Acquisitions Net | -8.68M | -30.65M | -14.60M | -8.87M | -11.24M | 0 |
Cash generated by investing activities | -52.64M | -91.52M | -68.99M | -47.38M | -21.05M | -8.39M |
Financing activities | ||||||
Common Stock Issued | 79.15M | 0 | 0 | 0 | 89.09M | 0 |
Payments for dividends | 0 | 0 | -4.05M | -4M | 0 | 0 |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | 21.69M | -28.13M | -43.5M | -29.1M | -48.85M | -150K |
Cash used in financing activities | 103.16M | -28.08M | 332.07M | 39.94M | 40.09M | 12.23M |
Net Change In Cash | 185.08M | -64.78M | 304.89M | 78.01M | 69.35M | 49.47M |
Cash at end of period | 724.27M | 539.19M | 603.97M | 299.07M | 221.06M | 151.70M |
| Data source | Data source | Data source |