Root, Inc. (ROOT)

Root, Inc. 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	52.9	29.2	-147.4	-297.7	-521.1	-363
Depreciation & Amortization	5.1	5.9	5.9	7.1	12.9	13.2
Other Amortization	8.6	8.6	6.3	5	3.7	2.4
Gain (Loss) on Sale of Investments	-	-	-	-0.5	-6.2	-0.3
Stock-Based Compensation	20.3	18.5	17.3	30.5	19.3	28.8
Change in Accounts Receivable	-105.7	-92.3	-147.7	18.8	-39.7	-31
Reinsurance Recoverable	-10.3	-24.8	21.9	6.2	-30.4	-99.5
Change in Accounts Payable	8	1.3	27.7	17.9	-19.2	18.2
Change in Unearned Revenue	80.9	70.2	147.2	-43.6	23	11.7
Change in Insurance Reserves / Liabilities	96.5	129	-3.2	-32.8	83	96.5
Change in Other Net Operating Assets	30	26.8	72.2	27.6	23.1	-115
Other Operating Activities	9	10.9	17.1	13.6	14.8	63.8
Operating Cash Flow	208	195.7	-33.6	-210.6	-403.4	-287.2
Capital Expenditures	-0.2	-0.4	-0.2	-	-4.6	-1.8
Purchase / Sale of Intangible Assets	-11.3	-11.4	-9.2	-10.1	-6.6	-14.3
Investment in Securities	-104.4	-142.6	-36.3	-6.5	88.1	-98
Investing Cash Flow	-115.9	-154.4	-45.7	-16.6	76.9	-114.1
Long-Term Debt Issued	-	134.4	-	286	-	12
Total Debt Repaid	-237.1	-237.1	-	-	-199.5	-13.5
Net Debt Issued (Repaid)	-102.7	-102.7	-	286	-199.5	-1.5
Issuance of Common Stock	0.4	0.1	-	1.3	3.2	1,100
Repurchases of Common Stock	-17.8	-15.1	-1.1	-1	-	-0.2
Issuance of Preferred Stock	-	-	-	-	126.5	-
Other Financing Activities	-3	-3	-3	-3	-10.5	-
Financing Cash Flow	-123.1	-120.7	-4.1	283.3	-80.3	1,099
Net Cash Flow	-31	-79.4	-83.4	56.1	-406.8	697.2
Free Cash Flow	207.8	195.3	-33.8	-210.6	-408	-289
Free Cash Flow Margin	16.35%	16.60%	-7.43%	-67.76%	-118.12%	-83.33%
Free Cash Flow Per Share	11.84	11.56	-2.35	-14.94	-29.57	-68.81
Cash Interest Paid	43.9	43.9	42.5	24.5	23.9	4.5
Levered Free Cash Flow	80.53	23.81	-43.13	-82.84	-307.65	-258.08
Unlevered Free Cash Flow	102.96	50.19	-14.31	-61.21	-295.15	-209.51
Change in Net Working Capital	-19.9	20.2	-21.5	-53.8	16.6	84.6

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q