← Heritage Insurance Holdings, Inc.
| 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), Including Portion Attributable to Noncontrolling Interest | $33.9m | ($1.1m) | $27.2m | $28.6m | $9.3m | ($74.7m) | ($154.4m) | $45.3m | $61.5m | $195.6m | — | |
| Depreciation, Depletion and Amortization | $9.0m | $7.7m | $27.1m | $10.4m | $8.1m | $8.4m | $8.4m | $8.7m | $9.6m | $6.5m | $12.9m | |
| Amortization of Debt Issuance Costs | $41k | — | — | $1.4m | $1.4m | $1.8m | $1.0m | $469k | $857k | $363k | — | |
| Amortization of Intangible Assets | $7.4m | $6.2m | $24.8m | $8.2m | $6.4m | $6.4m | $6.4m | $6.3m | $6.2m | $6.2m | — | |
| Deferred Policy Acquisition Costs, Amortization Expense | $84.4m | $83.9m | $139.6m | $144.9m | $159.2m | $188.5m | $197.1m | $213.0m | $235.1m | $227.5m | — | |
| Depreciation | $1.6m | $1.6m | $2.3m | $2.2m | $1.6m | $2.1m | $2.0m | $2.4m | $3.4m | $12.7m | $12.9m | |
| Deferred Income Tax Expense (Benefit) | $3.1m | $19.6m | ($21.6m) | ($898k) | $6.2m | ($6.0m) | ($11.2m) | $40k | ($4.8m) | $2.4m | $4.7m | |
| Share-based Payment Arrangement, Noncash Expense | $4.8m | $4.8m | $5.3m | $5.4m | $4.7m | $1.2m | $2.0m | $1.4m | $3.3m | $5.4m | $5.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $977k | $1.6m | $1.8m | $3.5m | $2.4m | $231k | $94k | $429k | $971k | $2.3m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $2.0m | $1.3m | $3.3m | $5.4m | $5.1m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | $1.2m | $373.6m | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | $0 | $0 | $0 | — | — | $767k | $0 | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | $60.5m | $92.0m | $92.0m | — | — | $0 | |
| Other Nonoperating Income (Expense) | — | ($42.2m) | ($10.5m) | ($48k) | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $238.9m | $201.5m | $237.4m | $273.3m | $373.4m | $427.4m | $501.2m | $426.1m | $447.0m | $313.2m | — | |
| Increase (Decrease) in Other Operating Assets | ($177k) | $4.9m | ($8.1m) | $1.7m | ($291k) | $729k | ($763k) | $1.2m | ($1.0m) | $11.2m | — | |
| Net Cash Provided by (Used in) Operating Activities | $75.1m |
$7.6m
-89.93%
|
$95.4m
+1161.27%
|
$119.7m
+25.39%
|
$170.2m
+42.25%
|
$60.1m
-64.67%
|
($34.3m)
-156.98%
|
$70.4m
+305.53%
|
$87.1m
+23.69%
|
$182.2m
+109.24%
|
$304.7m
+67.18%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.6m | $385k | $2.3m | $5.0m | $755k | $1.0m | $1.7m | $9.9m | $8.2m | $8.1m | ($6.9m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | $1.9m | $22.4m | $64k | ($258k) | ($636k) | $47k | ($107k) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $110.3m | $140.9m | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($249.4m) | ($7.2m) | $24.4m | ($53.6m) | $22.1m | ($124.5m) | ($37.9m) | $100.8m | ($91.6m) | ($32.7m) | ($132.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | $79.5m | — | — | — | — | — | — | — | ($33.0m) | |
| Proceeds from Issuance of Long-term Debt | — | — | $114.2m | — | — | $2.8m | $35.0m | $0 | $0 | — | $0 | |
| Debt and Equity Securities, Gain (Loss) | — | — | ($2.5m) | $4.2m | $22.4m | ($16k) | ($258k) | ($972k) | ($705k) | — | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | ($2.5m) | $1.7m | $22.4m | $64k | ($258k) | — | — | $2.7m | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | — | — | ($80k) | $0 | — | — | — | — | |
| Payments for Repurchase of Common Stock | $25.6m | $61.6m | $2.0m | $16.2m | $10.0m | $8.2m | $7.3m | $0 | $0 | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | $0 | $0 | $24.7m | ($3k) | $0 | $0 | |
| Dividends paid | $6.8m | $8.2m | $6.4m | $7.0m | $6.9m | $6.7m | $4.8m | $11k | — | — | — | |
| Dividends Payable | $1.8m | — | $1.6m | $1.8m | $1.7m | $1.6m | $72k | $54k | $0 | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $43.8m |
$47.6m
+8.51%
|
($32.0m)
-167.19%
|
($45.4m)
-42.19%
|
($28.9m)
+36.40%
|
($17.3m)
+40.20%
|
($5.1m)
+70.73%
|
$14.5m
+387.58%
|
($5.2m)
-135.68%
|
($40.6m)
-682.83%
|
($57.4m)
-41.29%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($122.6m) | $47.8m | $87.8m | $20.6m | $163.4m | ($81.6m) | ($77.2m) | $185.8m | ($9.7m) | $108.9m | $601.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $4.1m | $17.6m | $7.3m | $6.2m | $5.3m | $7.8m | $9.3m | $9.5m | $6.9m | — | |
| Income Taxes Paid, Net | $31.9m | $4.5m | $31.3m | $14.2m | $15.7m | $528k | ($285k) | $8.6m | $12.6m | $57.9m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | ($2.3m) | $2.3m | $0 | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | ($236k) | — | — | $0 | $0 | $0 | $0 | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($2.1m) | $2.4m | — | $0 | $0 | $0 | $0 | — | — | |
| Gain (Loss) on Sale of Properties | — | — | ($737k) | — | ($9k) | ($168k) | $399k | $35k | $0 | — | — | |
| Goodwill | $46.5m | $152.5m | $152.5m | $152.5m | $152.5m | $92.0m | $0 | — | — | — | $0 | |
| Income Tax Expense (Benefit) | $22.5m | ($4.8m) | $11.8m | $12.4m | ($7.1m) | ($1.3m) | ($11.8m) | $6.7m | $21.1m | $63.7m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $10.9m | $7.9m | — | |
| Proceeds from Stock Options Exercised | — | $417k | — | — | — | — | — | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | — | — | $368k | — | |
| Realized Investment Gains (Losses) | $1.7m | $564k | ($399k) | — | — | — | — | $937k | $705k | ($2.7m) | — |