Primerica Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	470.52	576.6	472.07	477.36
Depreciation & Amortization	23.4	31.96	34.17	29.84
Other Amortization	298.14	275.82	261.63	238.27
Gain (Loss) on Sale of Investments	-5.62	3.86	4.32	-0.75
Stock-Based Compensation	25.08	18.91	22.36	16.84
Change in Accounts Receivable	-12.3	-18.76	-0.48	6.05
Reinsurance Recoverable	190.95	237.33	461.93	769.01
Change in Income Taxes	46.57	-8.84	26.4	1.65
Change in Insurance Reserves / Liabilities	144.27	102.54	-35.83	-417.64
Change in Other Net Operating Assets	24.58	46	-7.69	11.03
Other Operating Activities	-692.88	-572.9	-541.21	-550.7
Operating Cash Flow	862.09	692.52	757.67	656.96
Operating Cash Flow Growth	24.49%	-8.60%	15.33%	2.10%
Capital Expenditures	-29.23	-33.9	-25.81	-24.69
Cash Acquisitions	-	-	3.87	-494.46
Investment in Securities	-231.64	-56.15	-178.11	-404.24
Other Investing Activities	28.62	-	-	-
Investing Cash Flow	-232.25	-90.05	-200.05	-923.38
Short-Term Debt Issued	-	-	-	125
Long-Term Debt Issued	-	-	-	597.3
Total Debt Issued	-	-	-	722.3
Total Debt Repaid	-0.26	-0.27	-12.63	-508.96
Net Debt Issued (Repaid)	-0.26	-0.27	-12.63	213.35
Repurchases of Common Stock	-438.07	-385.64	-361.44	-25.4
Common Dividends Paid	-112.81	-93.72	-83.78	-74.64
Other Financing Activities	-	-	-	-5.33
Financing Cash Flow	-551.14	-479.62	-457.85	107.97
Foreign Exchange Rate Adjustments	-4.02	1.06	-3.03	3.39
Net Cash Flow	74.67	123.91	96.74	-155.07
Free Cash Flow	832.86	658.62	731.86	632.27
Free Cash Flow Growth	26.46%	-10.01%	15.75%	2.67%
Free Cash Flow Margin	26.42%	23.41%	26.89%	22.81%
Free Cash Flow Per Share	24.35	18.28	19.21	15.95
Cash Interest Paid	24.22	27.28	27.06	33.91
Cash Income Tax Paid	140.25	227.27	178.22	154.81
Levered Free Cash Flow	1,537	798.06	1,832	582.41
Unlevered Free Cash Flow	1,592	855.6	1,889	640.42
Change in Working Capital	394.07	358.27	444.32	370.1

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.