Kingsway Financial Services
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 Kingsway Financial Services generated cash of -$26,186,000, which is less than the previous year. Cash used in financing activities reached the amount of -$39,963,000 last year. Net change in cash is therefore -$59,734,000.
Cash Flow
| 2014 | -14.62M | -16.71M | 6.77M |
|---|---|---|---|
| 2015 | -32.80M | 26.19M | -12.92M |
| 2016 | -15.58M | -8.76M | 9.13M |
| 2017 | -18.97M | 24.56M | 2.22M |
| 2018 | -10.14M | 20.04M | -4.09M |
| 2019 | -759K | -6.46M | 1.30M |
| 2020 | 1.67M | 4.00M | 13.60M |
| 2021 | -5.90M | -8.59M | -540K |
| 2022 | -14.57M | 100.94M | -37.93M |
| 2023 | -26.18M | 6.45M | -39.96M |
KFS Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 77.23M | 29.89M | 44.94M | 25.66M | 31.57M | 43.87M | 36.47M | 51.70M | 71.23M | 98.58M |
Operating activities | ||||||||||
Net income | 24.01M | 27.87M | 1.86M | -5.41M | -4.31M | -29.4M | -11.13M | 522K | 1.26M | -11.22M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 6.22M | 6.44M | 8.62M | 6.72M | 6.91M | 6.71M | 5.57M | 2.78M | 1.84M | 1.78M |
Stock-based compensation expense | 1.63M | 4.05M | 3.59M | 1.35M | 1.23M | 0 | 1.18M | 1.01M | 802K | 1.23M |
| Deferred income tax benefit | 1.63M | 4.05M | 3.59M | 1.35M | 1.23M | 0 | 1.18M | 1.01M | 802K | 1.23M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 3.66M | -136K | -791K | 931K | 547K | 997K | 2.16M | -4.24M | 4.07M | 8.87M |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.86M | -8.19M | -27.46M |
Accounts payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -45K | -380K | -508K |
Cash generated by operating activities | -26.18M | -14.57M | -5.90M | 1.67M | -759K | -10.14M | -18.97M | -15.58M | -32.80M | -14.62M |
Investing activities | ||||||||||
Purchases Of Investments | -6.46M | -14.21M | -21.86M | -12.56M | -18.07M | -7.58M | -13.61M | -39.37M | -36.51M | -55.06M |
Investments In Property Plant And Equipment | -205K | 26.46M | -830K | -213K | -212K | 0 | 4.54M | -645K | -203K | 4.65M |
Acquisitions Net | 1.18M | 23.92M | 10.05M | 2.22M | -3.44M | 5.03M | -8.33M | -3.61M | -10.31M | -5.00M |
Cash generated by investing activities | 6.45M | 100.94M | -8.59M | 4.00M | -6.46M | 20.04M | 24.56M | -8.76M | 26.19M | -16.71M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 545K | 1.75M | 0 | 0 | 0 | -47K | 10.47M | 0 | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -329K | 0 |
Repurchases of common stock | -3.20M | -396K | -499K | -83K | -89K | -376K | 0 | -125K | -12.92M | 0 |
Repayments of term debt | -43.90M | 1.04M | -18.93M | -14.22M | 1.39M | -4.39M | 1.88M | -1.22M | 0 | -14.35M |
Cash used in financing activities | -39.96M | -37.93M | -540K | 13.60M | 1.30M | -4.09M | 2.22M | 9.13M | -12.92M | 6.77M |
Net Change In Cash | -59.73M | 47.33M | -15.04M | 19.28M | -5.91M | 5.81M | 7.81M | -15.22M | -19.53M | -24.56M |
Cash at end of period | 17.49M | 77.23M | 29.89M | 44.94M | 25.66M | 49.68M | 44.28M | 36.47M | 51.70M | 74.02M |
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