AMERISAFE, Inc. (AMSF)

AMERISAFE Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	62.11	55.6	65.76	86.6	92.69
Depreciation & Amortization	1.43	1.31	1.02	1.01	0.94
Share-Based Compensation	1.56	2.48	2.32	3.3	2.35
Other Operating Activities	-35.25	-31.2	-31.11	-27.51	-17.16
Operating Cash Flow	29.84	28.19	37.98	63.4	78.82
Operating Cash Flow Growth	5.85%	-25.76%	-40.09%	-19.57%	-19.79%
Capital Expenditures	-0.55	-2.09	-1.27	-0.92	-1.02
Change in Investments	44.44	77.52	72.23	44.29	12.71
Investing Cash Flow	43.88	75.43	70.96	43.37	11.69
Dividends Paid	-93.31	-100.43	-99.93	-88.78	-87.02
Share Issuance / Repurchase	-2.17	-12.39	0	0	0.02
Debt Issued / Paid	-0.09	-0.06	-0.04	-0.05	-0.05
Other Financing Activities	-0.94	-	-	-	-
Financing Cash Flow	-96.51	-112.87	-99.97	-88.83	-87.04
Net Cash Flow	-22.79	-9.25	8.97	17.94	3.47
Free Cash Flow	29.29	26.11	36.71	62.48	77.81
Free Cash Flow Growth	12.20%	-28.88%	-41.25%	-19.70%	-19.90%
Free Cash Flow Margin	9.54%	8.86%	11.62%	18.40%	21.01%
Free Cash Flow Per Share	1.53	1.36	1.90	3.24	4.04

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).