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 2023	FY 2022	FY 2021	FY 2020	FY 2019	2014 - 2018
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2014 - 2018
Net Income	-1,833	-703.47	-1,725	-2,133	-1,216	Upgrade
Depreciation & Amortization	15.03	28.71	28.86	96.21	139.84	Upgrade
Other Amortization	-	-	-	2.5	-	Upgrade
Other Operating Activities	3,089	-475.61	1,928	1,358	798.24	Upgrade
Operating Cash Flow	1,271	-1,150	231.91	-676.94	-277.66	Upgrade
Capital Expenditures	-	-0.78	-0.47	-3.71	-69.33	Upgrade
Sale of Property, Plant & Equipment	-	-	714.14	700	-	Upgrade
Investment in Securities	-	-198.22	57.43	-248.46	-94.83	Upgrade
Other Investing Activities	9.31	27.91	12.66	198.43	171.41	Upgrade
Investing Cash Flow	9.31	-171.09	783.76	700.25	7.25	Upgrade
Long-Term Debt Issued	-	-	-	-	300	Upgrade
Total Debt Repaid	-	-	-100	-112.56	-100.93	Upgrade
Net Debt Issued (Repaid)	-	-	-100	-112.56	199.07	Upgrade
Other Financing Activities	-1,332	71.68	-135.92	-4.6	-15.33	Upgrade
Financing Cash Flow	-1,332	71.68	-235.92	-117.16	183.74	Upgrade
Miscellaneous Cash Flow Adjustments	-0	-	-	-0	-	Upgrade
Net Cash Flow	-51.5	-1,250	779.75	-93.84	-86.67	Upgrade
Free Cash Flow	1,271	-1,151	231.44	-680.65	-346.99	Upgrade
Free Cash Flow Margin	-	-260.88%	55.95%	-71.16%	-13.95%	Upgrade
Free Cash Flow Per Share	0.10	-0.09	0.02	-0.05	-0.03	Upgrade
Cash Interest Paid	112.62	76.69	135.92	4.6	15.33	Upgrade
Cash Income Tax Paid	-	-	45	5.88	3.7	Upgrade
Levered Free Cash Flow	-1,195	-3,169	128.89	-1,437	-394.75	Upgrade
Unlevered Free Cash Flow	-1,195	-3,169	213.84	-1,384	-345.83	Upgrade

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