Palomar Holdings, Inc. (PLMR)

Accolade Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	134.11	117.57	79.2	52.17	45.85	6.26
Depreciation & Amortization	2.02	1.71	1.7	1.52	1.44	0.24
Other Amortization	3.4	3.4	2.8	2.6	2.1	1.1
Gain (Loss) on Sale of Investments	-5.51	-5.51	-2.95	9.37	1.15	-0.27
Stock-Based Compensation	16.69	16.69	14.91	11.62	5.58	2.17
Change in Accounts Receivable	-43.75	-43.75	-99.11	-74.85	-39.17	-12.75
Reinsurance Recoverable	-118.37	-118.37	-83.18	-36.3	-52.59	-87.47
Change in Accounts Payable	29.18	29.18	15.67	5.43	-0.95	6
Change in Unearned Revenue	144.59	144.59	125.79	186.65	101.18	53.12
Change in Income Taxes	-7.26	-7.26	7.26	-	-	-1.12
Change in Insurance Reserves / Liabilities	161.11	161.11	110.86	58.05	44.33	112.22
Change in Other Net Operating Assets	-29.29	-29.29	-88.11	-150.84	-22.87	-26.5
Other Operating Activities	39.31	2.11	-2.83	-3.52	0.64	1.09
Operating Cash Flow	315.22	261.16	116.11	169.58	87.81	57.49
Operating Cash Flow Growth	139.17%	124.93%	-31.53%	93.12%	52.74%	29.17%
Capital Expenditures	-0.28	-0.24	-0.02	-0.31	-0.02	-0.13
Purchase / Sale of Intangible Assets	-8.37	-8.29	-6.74	-5.62	-4.84	-11.01
Cash Acquisitions	-24.03	-	-5.53	-0.02	-0.01	-
Investment in Securities	-307.51	-296.24	-117.14	-149.91	-54.82	-171.72
Other Investing Activities	-1.67	-1.48	0.95	-0.95	1.5	-2.52
Investing Cash Flow	-341.86	-306.24	-128.48	-156.81	-58.19	-185.39
Long-Term Debt Issued	-	-	16.2	36.4	-	-
Total Debt Repaid	-43	-52.6	-	-	-	-
Net Debt Issued (Repaid)	-43	-52.6	16.2	36.4	-	-
Issuance of Common Stock	124.23	123.62	2.04	3.03	2.81	128.33
Repurchases of Common Stock	-	-	-22.27	-34.42	-15.85	-
Financing Cash Flow	84.21	73.77	-3.94	5.02	-13.04	128.33
Net Cash Flow	57.56	28.69	-16.31	17.79	16.59	0.44
Free Cash Flow	314.94	260.91	116.09	169.27	87.8	57.36
Free Cash Flow Growth	138.99%	124.75%	-31.42%	92.80%	53.06%	37.94%
Free Cash Flow Margin	51.63%	47.11%	30.88%	51.75%	35.43%	34.05%
Free Cash Flow Per Share	11.79	9.95	4.58	6.56	3.36	2.24
Cash Interest Paid	0.39	1.05	3.68	0.7	-	-
Cash Income Tax Paid	31.9	38.45	21.12	18.89	2.1	7.18
Levered Free Cash Flow	321.82	164.24	192.26	325.19	88.17	80.09
Unlevered Free Cash Flow	322.12	164.95	194.62	325.74	88.19	80.09
Change in Net Working Capital	-200.84	-56.49	-114.82	-273.17	-48.18	-83.84

Updated May 5, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q