← AMERICAN COASTAL INSURANCE Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $5.7m |
$10.1m
+78.04%
|
$290k
-97.14%
|
($29.9m)
-10400.69%
|
($96.5m)
-222.89%
|
($57.9m)
+39.95%
|
($469.9m)
-711.23%
|
$309.9m
+165.96%
|
$75.7m
-75.57%
|
$106.8m
+41.10%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $394k | ($29.5m) | ($95.5m) | ($59.9m) | ($470.0m) | $309.9m | $75.7m | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $104k | $387k | $956k | ($1.9m) | ($111k) | — | — | — | — | |
| Depreciation, Depletion and Amortization | $2.4m | $5.8m | $4.2m | $6.3m | $6.4m | $7.9m | $6.1m | $1.6m | $4.9m | $3.8m | $4.8m | |
| Amortization of Debt Issuance Costs | $47k | $526k | $340k | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $10.9m | $31.2m | $13.9m | $5.4m | $4.3m | $3.6m | $3.2m | $3.2m | $2.6m | $2.4m | — | |
| Deferred Policy Acquisition Costs, Amortization Expense | $117.7m | $175.4m | $203.1m | $238.3m | $236.0m | $173.6m | $156.1m | $83.3m | $71.0m | $97.8m | — | |
| Share-based Payment Arrangement, Noncash Expense | $1.9m | $2.6m | $2.4m | $3.0m | $1.4m | $1.2m | $1.4m | $1.3m | $2.5m | $4.3m | $4.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $270k | $287k | $418k | $296k | $112k | $39k | $25k | $24k | $1.4m | $1.9m | — | |
| Share-based Payment Arrangement, Expense | $877k | $1.6m | — | — | — | — | — | — | — | — | $4.9m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | — | — | — | $13.6m | — | — | $0 | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | $175k | — | — | — | |
| Other Nonoperating Income (Expense) | $100k | $153k | $116k | $119k | $74k | $184k | $10.4m | $2.2m | $2.1m | $2.5m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Payable | — | $15.9m | $24.5m | $7.5m | $12.6m | ($14.9m) | ($1.8m) | $2.1m | $11.9m | ($10.9m) | ($8.6m) | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $298.4m | $365.5m | $408.6m | $499.5m | $608.3m | $422.1m | $637.6m | $62.9m | $69.3m | $46.0m | — | |
| Increase (Decrease) in Other Operating Assets | $11.0m | ($4.1m) | $1.5m | $6.8m | $31.9m | ($20.9m) | $3.2m | $55.6m | ($21.5m) | ($1.6m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $65.7m |
$14.3m
-78.24%
|
$10.1m
-29.29%
|
$149.0m
+1372.77%
|
($10.5m)
-107.03%
|
($295.4m)
-2721.04%
|
($173.1m)
+41.40%
|
($136.0m)
+21.44%
|
$243.5m
+279.05%
|
$71.0m
-70.83%
|
($30.6m)
-143.09%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $3.1m | $5.2m | $4.1m | $21.9m | $10.8m | $5.3m | $3.0m | $196k | $22k | $155k | ($430k) | |
| Equipment Expense | — | — | — | — | — | — | — | — | — | $3.3m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | $21.2m | ($588k) | $0 | $0 | ($3.3m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | $3.6m | ($32.1m) | ($6.8m) | ($124k) | $1.4m | — | |
| Unrealized Gain (Loss) on Investments | — | — | ($9.3m) | $24.8m | ($27.6m) | $3.2m | ($6.6m) | $2.9m | $2.0m | $5.0m | ($9.5m) | |
| Gain (Loss) on Investments | — | — | — | — | — | $3.6m | ($32.1m) | ($6.8m) | ($124k) | $1.4m | ($3.3m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $32.9m | $0 | $0 | — | — | — | — | — | — | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($49.8m) | ($7.3m) | ($125.6m) | ($34.0m) | $36.6m | $251.4m | $236.8m | ($2.5m) | ($179.2m) | $620k | ($1.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $1.4m | $40.1m | $1.5m | $1.5m | $1.2m | $1.8m | $4.4m | — | — | — | $0 | |
| Proceeds from Issuance of Long-term Debt | $35.2m | $150.0m | $0 | $0 | — | — | — | — | — | — | $0 | |
| Debt and Equity Securities, Gain (Loss) | — | — | $1.7m | $1.2m | $66.7m | $3.6m | ($32.1m) | ($5.5m) | ($190k) | ($412k) | — | |
| Proceeds from Issuance of Common Stock | $0 | — | — | — | — | — | $0 | $26.8m | $11.6m | $774k | $0 | |
| Dividends paid | $5.0m | $9.0m | $10.3m | $10.3m | $10.3m | $10.3m | $2.6m | — | $24.1m | $0 | ($36.6m) | |
| Net Cash Provided by (Used in) Financing Activities | $49.9m |
$118.6m
+137.66%
|
$23.4m
-80.30%
|
($12.1m)
-151.77%
|
($11.7m)
+3.68%
|
($12.2m)
-4.74%
|
($25.4m)
-108.01%
|
$26.8m
+205.43%
|
($13.8m)
-151.70%
|
($1.1m)
+92.19%
|
($57.9m)
-5255.78%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $65.9m | $125.6m | $184.1m | $287.1m | $301.5m | $245.3m | $283.6m | $171.8m | $222.3m | $292.9m | $317.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $285k | $3.4m | $9.9m | $9.7m | $9.5m | $9.5m | $9.6m | $10.9m | $12.8m | $10.9m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | — | — | $238.4m | $1.0m | $0 | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | — | — | — | — | — | $227.7m | ($601k) | $42k | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | $0 | $0 | $9.3m | ($24.8m) | $27.6m | $3.2m | ($6.6m) | $814k | $2.0m | $5.0m | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | — | ($2.4m) | ($200k) | $0 | $0 | — | |
| General and Administrative Expense | $43.0m | $81.8m | $66.1m | $66.0m | $72.1m | $57.2m | $63.3m | $29.5m | $44.8m | $40.5m | — | |
| Goodwill | $14.3m | $73.0m | $73.0m | $73.0m | $73.0m | $73.0m | $59.5m | — | — | $59.5m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | $106.8m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $82.2m | $76.3m | — | — | |
| Income Tax Expense (Benefit) | $1.3m | ($9.2m) | ($4.6m) | ($3.1m) | ($36.6m) | ($24.0m) | $25.5m | $9.8m | $25.3m | $35.9m | — | |
| Operating Costs and Expenses | — | — | — | — | $52.9m | $56.3m | $43.6m | $10.2m | — | — | — | |
| Operating Expenses | $20.5m | $27.7m | $40.6m | $44.3m | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | $183k | $630k | $654k | $943k | $777k | $220k | $438k | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | ($121k) | ($20k) | — | — | — | — | — |