Cornerstone Insurance Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Net Income	22,311	13,701	0.07	3,511	2,181	Upgrade
Depreciation & Amortization	347.54	257.89	207.15	212.35	236.22	Upgrade
Other Operating Activities	-16,168	-9,610	2,016	-2,976	-636.35	Upgrade
Operating Cash Flow	6,491	4,349	2,223	747.66	1,781	Upgrade
Operating Cash Flow Growth	49.23%	95.65%	197.33%	-58.02%	-	Upgrade
Capital Expenditures	-401.23	-599.61	-270.05	-283.08	-147.44	Upgrade
Sale of Property, Plant & Equipment	-	33.85	9.07	0.14	48	Upgrade
Purchase / Sale of Intangible Assets	-8.61	-7.44	-0.32	-7.56	-5.21	Upgrade
Investment in Securities	-6,415	-3,910	-5,587	-1,067	-3,368	Upgrade
Other Investing Activities	5,794	2,522	963.58	1,534	770.55	Upgrade
Investing Cash Flow	-1,031	-1,849	-4,883	175.06	-2,659	Upgrade
Repurchases of Common Stock	-	-	-	-8.69	-10.27	Upgrade
Common Dividends Paid	-2,907	-	-908.32	-	-	Upgrade
Other Financing Activities	-	-	-0.63	-62.04	-98.21	Upgrade
Financing Cash Flow	-2,907	-	-908.95	-70.73	-108.48	Upgrade
Foreign Exchange Rate Adjustments	-	5,831	52.52	1,888	-	Upgrade
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	Upgrade
Net Cash Flow	2,553	8,332	-3,517	2,740	-986.68	Upgrade
Free Cash Flow	6,089	3,750	1,953	464.59	1,634	Upgrade
Free Cash Flow Growth	62.39%	92.01%	320.37%	-71.56%	-	Upgrade
Free Cash Flow Margin	14.10%	11.73%	8.81%	3.96%	16.57%	Upgrade
Free Cash Flow Per Share	0.34	0.21	0.11	0.03	0.09	Upgrade
Cash Income Tax Paid	-	223.59	248.23	154.91	102.23	Upgrade
Levered Free Cash Flow	29,398	-889.37	-15,475	1,422	-4,840	Upgrade
Unlevered Free Cash Flow	29,398	-889.37	-15,475	1,422	-4,840	Upgrade
Change in Net Working Capital	-29,419	374.16	15,209	-101.71	5,262	Upgrade

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