Nitol Insurance Company Limited (DSE: NITOLINS)

Nitol Insurance Company Cash Flow Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	47.94	59.4	85.67	117.72	114.34	129.54
Depreciation & Amortization	19.68	20.25	18.26	18.2	19.39	20.44
Gain (Loss) on Sale of Investments	0.46	-0.03	0.34	-0.12	-0.25	0.51
Change in Insurance Reserves / Liabilities	9.7	6.91	-29.2	9.05	-13.79	-1.1
Change in Other Net Operating Assets	-97	-108.54	-106.86	-171.19	-113.78	-76.77
Other Operating Activities	32.75	28.39	26.06	42.13	43.44	53.79
Operating Cash Flow	12.37	6.32	-4.65	14.79	48.66	126.02
Operating Cash Flow Growth	-	-	-	-69.60%	-61.39%	-3.23%
Capital Expenditures	-9.13	-298.75	-19.29	-3.04	-7.79	-0.98
Investment in Securities	140	283.5	88	-18.56	54.2	-130.5
Other Investing Activities	-120.39	35.51	-10.46	49.03	-30.83	73.92
Investing Cash Flow	10.47	20.25	58.24	27.43	15.58	-57.56
Common Dividends Paid	-43.12	-44.83	-48.8	-44.47	-53.78	-60.31
Financing Cash Flow	-25.25	-44.83	-48.8	-44.47	-53.78	-60.31
Miscellaneous Cash Flow Adjustments	-0	-0	-	-0	-	-
Net Cash Flow	-2.4	-18.26	4.79	-2.25	10.45	8.14
Free Cash Flow	3.24	-292.44	-23.95	11.75	40.87	125.03
Free Cash Flow Growth	-	-	-	-71.24%	-67.31%	2.91%
Free Cash Flow Margin	0.68%	-59.06%	-5.09%	2.47%	6.82%	18.90%
Free Cash Flow Per Share	0.08	-7.27	-0.60	0.29	1.02	3.11
Cash Income Tax Paid	25.09	25.09	40.99	31.16	54.17	46.89
Levered Free Cash Flow	20.04	6.97	40.64	184.4	357.33	-237.25
Unlevered Free Cash Flow	20.04	6.97	40.64	184.4	357.33	-237.25
Change in Net Working Capital	40.94	-230.6	28.15	-69.39	-247.12	371.29

Source: S&P Capital IQ. Insurance template. Financial Sources.