Federal Life Group Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2018	FY 2017	FY 2016
Period Ending	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Net Income	-4.83	-1.91	-2
Depreciation & Amortization	0.23	0.27	0.26
Gain (Loss) on Sale of Investments	-0.93	-2.27	-1.96
Stock-Based Compensation	0.03	-	-
Change in Accounts Receivable	0.04	0.04	-0.02
Reinsurance Recoverable	0.17	-1.62	-1.7
Change in Unearned Revenue	-0.33	1.43	1.67
Change in Insurance Reserves / Liabilities	-0.55	-1.05	0.35
Change in Other Net Operating Assets	-0.64	-0.03	-1.03
Other Operating Activities	-0.72	-0.87	-0.64
Operating Cash Flow	-7.52	-6.02	-5.06
Capital Expenditures	-0.1	-0.04	-0.11
Investment in Securities	-2.93	-8.97	2
Other Investing Activities	-0.01	-0.1	-0.08
Investing Cash Flow	-2.87	-8.99	1.65
Long-Term Debt Issued	1.05	-	-
Net Debt Issued (Repaid)	1.05	-	-
Issuance of Common Stock	32.3	-	-
Other Financing Activities	0.04	-0.12	0.05
Financing Cash Flow	39.56	10.7	5.24
Net Cash Flow	29.17	-4.3	1.84
Free Cash Flow	-7.62	-6.06	-5.17
Free Cash Flow Margin	-36.60%	-26.34%	-20.49%
Free Cash Flow Per Share	-2.16	-1.72	-
Cash Interest Paid	0.01	-	-
Cash Income Tax Paid	0.02	0.03	-
Levered Free Cash Flow	-3.2	-2.25	-
Unlevered Free Cash Flow	-3.2	-2.25	-
Change in Net Working Capital	0.36	1.31	-

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