Fortis Global Insurance Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	2013 - 2017
Period Ending	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	2013 - 2017
Net Income	-838.94	-1,725	-2,133	-1,216	24.8	Upgrade
Depreciation & Amortization	15.03	28.86	96.21	139.84	144.59	Upgrade
Other Amortization	-	-	2.5	-	3.38	Upgrade
Other Operating Activities	-376.32	1,928	1,358	798.24	166.28	Upgrade
Operating Cash Flow	-1,200	231.91	-676.94	-277.66	339.04	Upgrade
Operating Cash Flow Growth	-	-	-	-	-15.92%	Upgrade
Capital Expenditures	-0.78	-0.47	-3.71	-69.33	-2.18	Upgrade
Sale of Property, Plant & Equipment	-	714.14	700	-	-	Upgrade
Investment in Securities	-	57.43	-248.46	-94.83	-8.37	Upgrade
Other Investing Activities	27.91	12.66	198.43	171.41	-	Upgrade
Investing Cash Flow	27.13	783.76	700.25	7.25	-10.54	Upgrade
Long-Term Debt Issued	-	-	-	300	-	Upgrade
Total Debt Repaid	-	-100	-112.56	-100.93	-36.09	Upgrade
Net Debt Issued (Repaid)	-	-100	-112.56	199.07	-36.09	Upgrade
Other Financing Activities	-76.69	-135.92	-4.6	-15.33	24.65	Upgrade
Financing Cash Flow	-76.69	-235.92	-117.16	183.74	-11.45	Upgrade
Miscellaneous Cash Flow Adjustments	-	0	-0	-	-	Upgrade
Net Cash Flow	-1,250	779.75	-93.84	-86.67	317.05	Upgrade
Free Cash Flow	-1,201	231.44	-680.65	-346.99	336.87	Upgrade
Free Cash Flow Growth	-	-	-	-	-16.15%	Upgrade
Free Cash Flow Margin	-605.84%	55.95%	-71.16%	-13.95%	9.26%	Upgrade
Free Cash Flow Per Share	-0.09	0.02	-0.05	-0.03	0.03	Upgrade
Cash Interest Paid	76.69	135.92	4.6	15.33	2.76	Upgrade
Cash Income Tax Paid	-	45	5.88	3.7	13.75	Upgrade
Levered Free Cash Flow	-969.65	128.89	-1,437	-394.75	-245.67	Upgrade
Unlevered Free Cash Flow	-921.72	213.84	-1,384	-345.83	-203.22	Upgrade

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