The Hanover Insurance Group
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 The Hanover Insurance Group generated cash of $361,700,000, which is less than the previous year. Cash used in financing activities reached the amount of -$122,100,000 last year. Net change in cash is therefore $11,100,000.
Cash Flow
| 2014 | 564.7M | -600.7M | -71.7M |
|---|---|---|---|
| 2015 | 438.4M | -171.5M | -294.7M |
| 2016 | 737.6M | -495.4M | -295M |
| 2017 | 704.6M | -506.3M | -111.7M |
| 2018 | 551.3M | 271.3M | -171M |
| 2019 | 602.9M | -311.9M | -1.09B |
| 2020 | 707.6M | -608.8M | -193.9M |
| 2021 | 823.7M | -460.2M | -253.2M |
| 2022 | 722.3M | -507.6M | -140.6M |
| 2023 | 361.7M | -228.5M | -122.1M |
THG Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 305M | 230.9M | 120.6M | 215.7M | 1.02B | 297.9M | 282.6M | 338.8M | 373.3M | 486.2M |
Operating activities | ||||||||||
Net income | 33.5M | 116M | 418.7M | 358.7M | 425.1M | 391M | 186.2M | 155.1M | 331.5M | 282M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 14.2M | 12.9M | 16.9M | 18.2M | 21.6M | 24.6M | 30.1M | 30.7M | 30.2M | 33.5M |
Stock-based compensation expense | 31.1M | 29M | 22.9M | 20.1M | 17.4M | 13.4M | 12.3M | 12M | 12.3M | 15.1M |
| Deferred income tax benefit | 31.1M | 29M | 22.9M | 20.1M | 17.4M | 13.4M | 12.3M | 12M | 12.3M | 15.1M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -201.9M | -173.9M | -156.3M | -144M | -257.8M | -322M | -443.6M | -64M | -79.5M | -68.2M |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by operating activities | 361.7M | 722.3M | 823.7M | 707.6M | 602.9M | 551.3M | 704.6M | 737.6M | 438.4M | 564.7M |
Investing activities | ||||||||||
Purchases Of Investments | -1.13B | -2.08B | -2.30B | -2.08B | -1.92B | -1.60B | -1.86B | -2.37B | -2.22B | -2.08B |
Investments In Property Plant And Equipment | -11.9M | -17.8M | -8M | -14.9M | -13.3M | -13.1M | -18.6M | -15.7M | -19.5M | -11.2M |
Acquisitions Net | 216.6M | 489.8M | 8M | 14.9M | 34.7M | 635.7M | 18.6M | 6.9M | 44.3M | 11.2M |
Cash generated by investing activities | -228.5M | -507.6M | -460.2M | -608.8M | -311.9M | 271.3M | -506.3M | -495.4M | -171.5M | -600.7M |
Financing activities | ||||||||||
Common Stock Issued | 6.5M | 0 | 20.5M | 302.7M | 0 | -4.2M | 0 | 380.5M | 0 | 20M |
Payments for dividends | -117.2M | -108.9M | -102.2M | -99.5M | -386.2M | -94.3M | -86.8M | -80.4M | -74.2M | -67M |
Repurchases of common stock | 0 | -30.8M | -162.6M | -212.8M | -563.6M | -57.7M | -37.2M | -105.6M | -127.3M | -20.4M |
Repayments of term debt | 0 | 0 | -20.5M | -175.8M | -151.1M | -11.6M | 0 | -475.4M | -114.3M | -700K |
Cash used in financing activities | -122.1M | -140.6M | -253.2M | -193.9M | -1.09B | -171M | -111.7M | -295M | -294.7M | -71.7M |
Net Change In Cash | 11.1M | 74.1M | 110.3M | -95.1M | -805M | 722.8M | 93.8M | -56.2M | -34.5M | -112.9M |
Cash at end of period | 316.1M | 305M | 230.9M | 120.6M | 215.7M | 1.02B | 376.4M | 282.6M | 338.8M | 373.3M |
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