White Mountains Insurance Group, Ltd.
Cash Flow
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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 White Mountains Insurance Group, Ltd. generated cash of $404,100,000, which is more than the previous year. Cash used in financing activities reached the amount of $7,200,000 last year. Net change in cash is therefore -$132,600,000.
Cash Flow
| 2014 | 206.9M | -40.2M | -129.6M |
|---|---|---|---|
| 2015 | 161M | -20M | -205.5M |
| 2016 | -130.6M | 1.05B | -942.2M |
| 2017 | -62.4M | 715.5M | -637.1M |
| 2018 | -31.1M | 459.2M | -414.3M |
| 2019 | -120.5M | -59.9M | 230.5M |
| 2020 | -60.6M | 64.6M | 49M |
| 2021 | 38.6M | -208.3M | 217.6M |
| 2022 | 326.3M | 108.4M | -327.4M |
| 2023 | 404.1M | -543.9M | 7.2M |
WTM Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 255M | 147.7M | 211.2M | 161M | 110.3M | 97.1M | 80.2M | 167.2M | 238M | 326.7M |
Operating activities | ||||||||||
Net income | 509.2M | 712.4M | -321.9M | 663.4M | 376.6M | -174.2M | 36.1M | 4.7M | 279.5M | 290.6M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | -17.8M | 4.3M | 63.6M | 43.4M | 29.8M | 25.7M | 22.4M | 64.5M | 67.5M | 69.7M |
Stock-based compensation expense | 15.3M | 14M | 14.7M | 16.6M | 10.5M | 13M | 14.8M | 43.7M | 59.3M | 37.2M |
| Deferred income tax benefit | 15.3M | 14M | 14.7M | 16.6M | 10.5M | 13M | 14.8M | 43.7M | 59.3M | 37.2M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 86.3M | -215.5M | -201.8M | -3.1M | 0 | -9.6M | 0 | 6.1M | -2.3M | -181M |
Inventories | 0 | 0 | 473.9M | 55.4M | 0 | 0 | 0 | 0 | 140.2M | 253.9M |
Accounts payable | 0 | -173M | -91.4M | 1.8M | 0 | 0 | 0 | 0 | -3.7M | 46.1M |
Cash generated by operating activities | 404.1M | 326.3M | 38.6M | -60.6M | -120.5M | -31.1M | -62.4M | -130.6M | 161M | 206.9M |
Investing activities | ||||||||||
Purchases Of Investments | -1.46B | -1.71B | -1.63B | -648.3M | -746.7M | -1.39B | -3.33B | -6.45B | -2.35B | -5.99B |
Investments In Property Plant And Equipment | 0 | 0 | 106.4M | 69.9M | 29.4M | -34M | 195.4M | -4.3M | 117.2M | -11.6M |
Acquisitions Net | 87.1M | 1.32B | -39.1M | -127.3M | -258M | -295.2M | 1.10B | 2.49B | 4.4M | -186.4M |
Cash generated by investing activities | -543.9M | 108.4M | -208.3M | 64.6M | -59.9M | 459.2M | 715.5M | 1.05B | -20M | -40.2M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 436.7M | 84.6M | 62.7M | 84.1M | 0 | 3.7M | 0 | 63.3M |
Payments for dividends | -2.6M | -3M | -3.1M | -3.2M | -3.2M | -3.8M | -4.6M | -5.4M | -6M | -25M |
Repurchases of common stock | -32.7M | -615.8M | -100.1M | -78.5M | -62.7M | -511.9M | -714.6M | -892.8M | -268.6M | -129.9M |
Repayments of term debt | -13.3M | 157.1M | -154.7M | -4.5M | 183.5M | -15.4M | 11M | -404.6M | 90M | -1.5M |
Cash used in financing activities | 7.2M | -327.4M | 217.6M | 49M | 230.5M | -414.3M | -637.1M | -942.2M | -205.5M | -129.6M |
Net Change In Cash | -132.6M | 107.3M | 48.1M | 50.2M | 50.7M | 13.2M | 16.9M | -17.4M | -64.5M | 22.8M |
Cash at end of period | 122.4M | 255M | 259.3M | 211.2M | 161M | 110.3M | 97.1M | 149.8M | 173.5M | 349.5M |
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