Markel Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	2018 - 1994
Net Income	2,533	1,960	-252.28	2,387	797.63	1,790	Upgrade
Depreciation & Amortization	259.92	259.92	366.95	336.39	307.07	269.24	Upgrade
Other Operating Activities	340.76	530.82	2,559	-485.46	614.49	-785.59	Upgrade
Operating Cash Flow	3,133	2,787	2,709	2,274	1,738	1,274	Upgrade
Operating Cash Flow Growth	21.50%	2.86%	19.15%	30.88%	36.38%	42.70%	Upgrade
Capital Expenditures	-293.39	-258.62	-254.71	-145.25	-101.3	-123.38	Upgrade
Acquisitions	-11.26	37.72	752.33	-476.72	-554.13	-245.33	Upgrade
Change in Investments	-2,876.95	-2,505.79	-2,196.16	-2,332.05	70.75	-183.25	Upgrade
Other Investing Activities	22.36	23.08	28.35	16.21	72.93	16.8	Upgrade
Investing Cash Flow	-3,159.24	-2,703.61	-1,670.2	-2,937.8	-511.75	-535.16	Upgrade
Share Issuance / Repurchase	-524.4	-445.48	-290.8	-206.52	-26.83	-116.31	Upgrade
Debt Issued / Paid	-53.55	-324.66	-220.95	711.78	-52.81	541.51	Upgrade
Other Financing Activities	-112.35	-229.57	-83.56	-135.49	514.2	-65.88	Upgrade
Financing Cash Flow	-690.3	-999.72	-595.31	369.77	434.56	359.32	Upgrade
Exchange Rate Effect	-11.85	27.04	-103.36	-41.73	55.9	5.64	Upgrade
Net Cash Flow	-728.11	-889.48	340.57	-335.7	1,716	1,104	Upgrade
Free Cash Flow	2,840	2,528	2,455	2,129	1,636	1,151	Upgrade
Free Cash Flow Growth	21.44%	2.99%	15.31%	30.10%	42.19%	46.36%	Upgrade
Free Cash Flow Margin	17.08%	16.00%	21.02%	16.57%	16.81%	12.08%	Upgrade
Free Cash Flow Per Share	216.62	191.26	182.50	155.75	118.76	83.31	Upgrade

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).