Cornerstone Insurance Plc (NGX:CORNERST)

Cornerstone Insurance Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	22,311	13,701	0.07	3,511	2,181
Depreciation & Amortization	347.54	257.89	207.15	212.35	236.22
Other Operating Activities	-16,168	-9,610	2,016	-2,976	-636.35
Operating Cash Flow	6,491	4,349	2,223	747.66	1,781
Operating Cash Flow Growth	49.23%	95.65%	197.33%	-58.02%	-
Capital Expenditures	-401.23	-599.61	-270.05	-283.08	-147.44
Sale of Property, Plant & Equipment	-	33.85	9.07	0.14	48
Purchase / Sale of Intangible Assets	-8.61	-7.44	-0.32	-7.56	-5.21
Investment in Securities	-6,415	-3,910	-5,587	-1,067	-3,368
Other Investing Activities	5,794	2,522	963.58	1,534	770.55
Investing Cash Flow	-1,031	-1,849	-4,883	175.06	-2,659
Repurchases of Common Stock	-	-	-	-8.69	-10.27
Common Dividends Paid	-2,907	-	-908.32	-	-
Other Financing Activities	-	-	-0.63	-62.04	-98.21
Financing Cash Flow	-2,907	-	-908.95	-70.73	-108.48
Foreign Exchange Rate Adjustments	-	5,831	52.52	1,888	-
Miscellaneous Cash Flow Adjustments	0	-	-	-	-
Net Cash Flow	2,553	8,332	-3,517	2,740	-986.68
Free Cash Flow	6,089	3,750	1,953	464.59	1,634
Free Cash Flow Growth	62.40%	92.01%	320.37%	-71.56%	-
Free Cash Flow Margin	14.10%	11.73%	8.81%	3.96%	16.57%
Free Cash Flow Per Share	0.34	0.21	0.11	0.03	0.09
Cash Income Tax Paid	-	223.59	248.23	154.91	102.23
Levered Free Cash Flow	29,398	-889.37	-15,475	1,422	-4,840
Unlevered Free Cash Flow	29,398	-889.37	-15,475	1,422	-4,840
Change in Net Working Capital	-29,419	374.16	15,209	-101.71	5,262

Updated Jan 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.