Fortis Global Insurance Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2014 - 2018
Period Ending	Sep '24 Sep 30, 2024	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	4,974	-1,833	-703.47	-1,725	-2,133	-1,216	Upgrade
Depreciation & Amortization	15.03	15.03	28.71	28.86	96.21	139.84	Upgrade
Other Amortization	-	-	-	-	2.5	-	Upgrade
Other Operating Activities	-3,782	3,089	-475.61	1,928	1,358	798.24	Upgrade
Operating Cash Flow	1,207	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	8.32	-	-	714.14	700	-	Upgrade
Investment in Securities	-	-	-198.22	57.43	-248.46	-94.83	Upgrade
Other Investing Activities	57.65	9.31	27.91	12.66	198.43	171.41	Upgrade
Investing Cash Flow	65.97	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	-1,376	-1,332	71.68	-135.92	-4.6	-15.33	Upgrade
Financing Cash Flow	-1,376	-1,332	71.68	-235.92	-117.16	183.74	Upgrade
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-0	-	Upgrade
Net Cash Flow	-103.61	-51.5	-1,250	779.75	-93.84	-86.67	Upgrade
Free Cash Flow	1,207	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	0.09	0.10	-0.09	0.02	-0.05	-0.03	Upgrade
Cash Interest Paid	156.62	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	-4,290	-1,195	-3,169	128.89	-1,437	-394.75	Upgrade
Unlevered Free Cash Flow	-4,290	-1,195	-3,169	213.84	-1,384	-345.83	Upgrade

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