Solidarity Bahrain B.S.C. (BAX:SOLID)

Solidarity Bahrain B.S.C. Cash Flow Statement

Financials in millions BHD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	8.1	8.07	5.48	4.56	3.31	3.08
Depreciation & Amortization	0.72	0.66	0.42	0.32	0.48	0.25
Other Amortization	0.2	0.2	0.16	0.16	-	-
Gain (Loss) on Sale of Investments	-0.03	0	-0.03	0.03	0.04	0.05
Change in Accounts Receivable	0.18	-	-	-1.15	1.33	0.88
Reinsurance Recoverable	-3.51	-0.8	1.48	-0.59	-0.82	2.12
Change in Unearned Revenue	-	-	-	-0.2	0.07	-0.07
Change in Insurance Reserves / Liabilities	6.24	3.12	4.82	1.7	1.37	-0.87
Change in Other Net Operating Assets	-0.02	-0.64	-9.04	0.47	0.24	0.17
Other Operating Activities	-2.87	-3.16	-2.42	-2.53	-1.71	-1.72
Operating Cash Flow	6.14	4.88	1.29	3.24	4.29	3.98
Operating Cash Flow Growth	-	279.24%	-60.26%	-24.48%	7.61%	209.40%
Capital Expenditures	-0.77	-0.79	-0.34	-0.12	-0.14	-1.19
Cash Acquisitions	-	-	-9.78	8.36	-	-
Investment in Securities	9.77	4.61	10.79	-11.05	-3.27	-1.84
Other Investing Activities	-14.3	2.58	2.7	2.15	2.05	1.7
Investing Cash Flow	-5.3	6.4	7.04	-0.66	-1.36	-1.33
Long-Term Debt Issued	-	9.3	-	-	-	-
Total Debt Repaid	-0.32	-0.33	-0.21	-0.19	-0.22	-
Net Debt Issued (Repaid)	37.42	8.97	-0.21	-0.19	-0.22	-
Common Dividends Paid	-	-3.33	-2.67	-2.4	-2.1	-2.23
Financing Cash Flow	37.26	5.64	-2.87	-2.58	-2.32	-2.23
Net Cash Flow	38.09	16.92	5.46	-0.01	0.61	0.42
Free Cash Flow	5.37	4.09	0.95	3.12	4.15	2.79
Free Cash Flow Growth	-	332.28%	-69.68%	-24.86%	48.51%	177.91%
Free Cash Flow Margin	12.41%	9.58%	2.62%	9.86%	23.28%	15.52%
Free Cash Flow Per Share	0.03	0.02	0.01	0.02	0.03	0.02
Levered Free Cash Flow	-	7.45	6.93	5	4.33	3.07
Unlevered Free Cash Flow	-	7.45	6.93	5	4.33	3.07
Change in Net Working Capital	-	-2.33	-3.27	-1.79	-1.92	-2.27

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.