Gulf General Cooperative Insurance Company (TADAWUL: 8260)

Gulf General Cooperative Insurance Company Cash Flow Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	-6.96	3.53	-106.02	-86.78	3.75	-1.27
Depreciation & Amortization	3.38	3.34	3.35	1.52	3.34	2.65
Other Amortization	1.48	1.47	1.2	1.85	1.41	1.03
Gain (Loss) on Sale of Investments	-4.13	-8.71	4.97	-11.89	-2.26	-6.3
Change in Accounts Receivable	-14.07	-	-	-21.74	27.27	-28.64
Reinsurance Recoverable	16.56	12.21	24.66	-15.01	8.67	36.24
Change in Unearned Revenue	-	-	-	-29.76	5.7	24.54
Change in Insurance Reserves / Liabilities	40.83	-0.01	4.98	42.18	-19.49	-33.62
Change in Other Net Operating Assets	43.56	14.62	-32.45	-15.05	-6.54	-1.87
Other Operating Activities	-9.04	-9.5	-1.65	-0.99	-0.37	-8.1
Operating Cash Flow	71.4	16.74	-100.9	-133.8	16.6	-24.05
Capital Expenditures	-0.29	-0.33	-4.7	-7.12	-3.22	-2.88
Purchase / Sale of Intangible Assets	-0.13	-0.13	-5.03	-3.85	-3.17	-2.86
Investment in Securities	-114.99	-12.76	-143.18	-	38.74	54.39
Other Investing Activities	9.34	7.3	4.04	-	-	-
Investing Cash Flow	-106.06	-5.92	-148.87	-10.98	32.35	48.65
Total Debt Repaid	-1.69	-1.51	-1.2	-0.69	-1.37	-1.17
Net Debt Issued (Repaid)	-1.69	-1.51	-1.2	-0.69	-1.37	-1.17
Issuance of Common Stock	-	-	-	300	-	-
Other Financing Activities	30	-	-	-59.82	-	-
Financing Cash Flow	28.31	-1.51	-1.2	239.5	-1.37	-1.17
Net Cash Flow	-6.36	9.31	-250.96	94.72	47.58	23.43
Free Cash Flow	71.11	16.42	-105.6	-140.92	13.37	-26.93
Free Cash Flow Margin	19.76%	4.73%	-31.10%	-55.07%	5.34%	-13.40%
Free Cash Flow Per Share	2.37	0.55	-3.52	-8.54	1.11	-2.24
Levered Free Cash Flow	37.15	16.09	-202.83	-180.3	47.35	-15.05
Unlevered Free Cash Flow	38.27	21.02	-202.01	-180.3	47.35	-15.05
Change in Net Working Capital	-37.63	-10.86	133.91	120.14	-43.45	10.61

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