Cornerstone Insurance Plc (NGX: CORNERST)

Cornerstone Insurance Cash Flow Statement

Financials in millions NGN. 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	26,181	13,701	0.07	3,511	2,181	4,069
Depreciation & Amortization	411.09	257.89	207.15	212.35	236.22	183.82
Other Operating Activities	-13,436	-9,610	2,016	-2,976	-636.35	-4,725
Operating Cash Flow	13,156	4,349	2,223	747.66	1,781	-472.25
Operating Cash Flow Growth	156.88%	95.65%	197.33%	-58.02%	-	-
Capital Expenditures	-469.98	-599.61	-270.05	-283.08	-147.44	-202.16
Sale of Property, Plant & Equipment	33.85	33.85	9.07	0.14	48	1.6
Purchase / Sale of Intangible Assets	-7.44	-7.44	-0.32	-7.56	-5.21	-2.92
Investment in Securities	-9,321	-3,910	-5,587	-1,067	-3,368	607.79
Other Investing Activities	661.44	2,522	963.58	1,534	770.55	8,547
Investing Cash Flow	-8,991	-1,849	-4,883	175.06	-2,659	8,961
Repurchases of Common Stock	-	-	-	-8.69	-10.27	-
Common Dividends Paid	-2,907	-	-908.32	-	-	-
Other Financing Activities	-	-	-0.63	-62.04	-98.21	-66.79
Financing Cash Flow	-2,907	-	-908.95	-70.73	-108.48	-66.79
Foreign Exchange Rate Adjustments	5,831	5,831	52.52	1,888	-	-
Net Cash Flow	7,090	8,332	-3,517	2,740	-986.68	8,422
Free Cash Flow	12,686	3,750	1,953	464.59	1,634	-674.41
Free Cash Flow Growth	163.10%	92.01%	320.37%	-71.56%	-	-
Free Cash Flow Margin	32.47%	11.73%	8.81%	3.96%	16.57%	-6.37%
Free Cash Flow Per Share	0.70	0.21	0.11	0.03	0.09	-0.04
Cash Income Tax Paid	223.59	223.59	248.23	154.91	102.23	178.46
Levered Free Cash Flow	-39,622	-889.37	-15,475	1,422	-4,840	3,170
Unlevered Free Cash Flow	-39,622	-889.37	-15,475	1,422	-4,840	3,170
Change in Net Working Capital	37,744	374.16	15,209	-101.71	5,262	-1,826

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