← KINGSTONE COMPANIES, 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 | $8.9m | $10.0m | $3.1m | ($6.0m) | $972k | ($7.4m) | ($22.5m) | ($6.2m) | $18.4m | $40.8m | — | |
| Depreciation and amortization | $1.1m | $1.4m | $1.8m | $2.5m | $2.9m | $3.3m | $3.3m | $3.0m | $2.4m | $2.6m | $2.8m | |
| Amortization of Debt Issuance Costs | — | $5k | $168k | $176k | $176k | $176k | $230k | $1.2m | $989k | $65k | — | |
| Amortization of Intangible Assets | $408k | $340k | $340k | $170k | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization | $1.4m | $2.6m | $3.1m | $2.7m | $492k | $2.1m | $1.6m | $4.0m | $24.3m | $38.1m | — | |
| Depreciation | $717k | $1.1m | $1.4m | $2.4m | $2.9m | $3.3m | $3.3m | $3.0m | $2.4m | $2.6m | $2.8m | |
| Amortization Of Securities | — | — | — | — | — | — | $4.2m | $1.2m | $468k | $47k | $19k | |
| Deferred Income Tax Expense (Benefit) | ($293k) | ($2k) | ($5k) | ($2.0m) | $3.1m | ($2.2m) | ($5.4m) | ($1.2m) | $4.9m | ($202k) | ($483k) | |
| Deferred Tax | — | — | — | — | — | — | ($5.4m) | ($1.2m) | $4.9m | ($202k) | ($483k) | |
| Share-based Payment Arrangement, Noncash Expense | $107k | $270k | $703k | $1.5m | $1.8m | $1.9m | $1.4m | $833k | $1.4m | $1.5m | $2.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $0 | $28k | $51k | $154k | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $8.6m | ($6.9m) | $30.4m | $32.1m | $44.5m | |
| Change In Receivables | — | — | — | — | — | — | ($27.9m) | ($8.9m) | ($2.0m) | $10.5m | ($464k) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($27.9m) | ($8.9m) | ($2.0m) | $10.5m | ($464k) | |
| Increase (Decrease) in Other Operating Assets | ($616k) | ($1.2m) | ($3.2m) | ($1.1m) | ($2.3m) | $668k | $4.8m | $826k | $1.9m | $2.3m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $4.8m | ($826k) | ($1.9m) | ($2.3m) | ($4.6m) | |
| Net Cash Provided by (Used in) Operating Activities | $15.2m |
$28.0m
+84.50%
|
$22.3m
-20.50%
|
$29.9m
+33.92%
|
($10.2m)
-134.28%
|
$24.3m
+337.88%
|
($916k)
-103.76%
|
($11.3m)
-1137.20%
|
$57.9m
+611.60%
|
$75.9m
+30.91%
|
$86.2m
+13.61%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $576k | $2.8m | $2.7m | $3.9m | — | $4.5m | $4.6m | $1.8m | $2.3m | $2.8m | ($3.1m) | |
| Gain (Loss) on Sale of Investments | ($529k) | ($84k) | $94k | ($29k) | ($832k) | ($7.2m) | $140k | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | $2.3m | ($3.8m) | $6.5m | ($10.2m) | ($22.5m) | $4.7m | $125k | $7.7m | $1.1m | |
| Payments for (Proceeds from) Other Investing Activities | ($250k) | $0 | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($19.5m) | ($47.6m) | ($43.4m) | ($15.0m) | $581k | ($15.9m) | ($5.9m) | $9.5m | ($35.3m) | ($92.9m) | ($98.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | — | — | — | — | — | — | $2.0m | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | $0 | ($297k) | ($175k) | — | |
| Issuance Of Debt | — | — | — | — | — | $0 | $8.1m | $0 | — | — | $8.1m | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $8.1m | $0 | — | — | $8.1m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($10.2m) | ($1.1m) | ($15.2m) | ($7.2m) | ($1.3m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($2.1m) | ($1.1m) | ($15.2m) | ($7.2m) | ($1.3m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($2.1m) | ($1.1m) | ($15.2m) | ($7.2m) | ($1.3m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($10.2m) | ($1.1m) | ($15.2m) | ($7.2m) | ($1.3m) | |
| Payments for Repurchase of Common Stock | $113k | $177k | $540k | $0 | $1.2m | $1.7m | $0 | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $1.9m | $3.2m | $4.3m | $3.5m | $2.0m | $1.7m | $1.3m | $0 | — | $1.4m | ($2.9m) | |
| Proceeds from Issuance of Common Stock | $4.8m | $30.1m | $0 | — | — | $0 | $60k | $0 | $13.6m | $9.5m | ($14k) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($1.3m) | $0 | $0 | ($1.4m) | ($2.9m) | |
| Common Stock Issuance | — | — | — | — | — | — | $60k | $0 | $13.6m | $9.5m | ($14k) | |
| Common Stock Payments | — | — | — | — | — | ($1.7m) | $0 | — | — | — | $0 | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $60k | $0 | $13.6m | $9.5m | ($14k) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($1.7m) | $0 | — | — | — | $0 | |
| Cash Dividends Paid | — | — | — | — | — | — | ($1.3m) | $0 | $0 | ($1.4m) | ($2.9m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($2.2m) | ($28k) | ($1.5m) | ($577k) | ($410k) | |
| Net Cash Provided by (Used in) Financing Activities | $2.8m |
$55.9m
+1891.38%
|
($6.1m)
-110.98%
|
($3.6m)
+40.82%
|
($3.3m)
+9.85%
|
($3.6m)
-9.07%
|
($5.5m)
-54.31%
|
($1.1m)
+79.75%
|
($3.0m)
-168.25%
|
$506k
+116.90%
|
($4.7m)
-1019.23%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.5m) | $36.3m | ($27.2m) | $11.3m | ($12.9m) | $4.8m | ($12.3m) | ($3.0m) | $19.7m | ($16.5m) | $16.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $24.3m | $12.0m | $9.0m | $28.7m | $33.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $12.0m | $9.0m | $28.7m | $12.2m | $16.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $0 | $1.7m | $1.6m | $1.6m | $1.6m | $1.6m | $2.9m | $2.5m | $1.6m | — | |
| Income Taxes Paid, Net | $6.0m | $5.8m | $2.2m | $388k | $382k | ($206k) | $0 | $0 | $0 | $250 | — | |
| Additional Financial Items | ||||||||||||
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | — | — | — | — | $2.0m | — | |
| Income Tax Expense (Benefit) | $4.5m | $4.3m | ($86k) | ($1.8m) | ($2.3m) | ($2.0m) | ($5.4m) | ($1.2m) | $4.9m | $10.3m | — | |
| Operating Expenses | — | — | — | — | $132.7m | $170.6m | $158.1m | $151.6m | $131.9m | $163.8m | — | |
| Proceeds from Contributed Capital | — | — | — | — | — | $28.3m | $28.3m | — | — | — | — | |
| Proceeds from Stock Options Exercised | $54k | $78k | $91k | $24k | $0 | — | — | $0 | $64k | $63k | — | |
| Realized Investment Gains (Losses) | $529k | $84k | ($2.5m) | $4.6m | $1.6m | $9.8m | ($9.4m) | $2.1m | $415k | ($310k) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($5.5m) | ($1.1m) | ($3.0m) | $506k | ($4.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($5.9m) | $9.5m | ($35.3m) | ($92.9m) | ($98.3m) | |
| Change In Account Payable | — | — | — | — | — | — | ($952k) | ($2.5m) | $3.9m | ($4.6m) | ($1.7m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($12.3m) | ($3.0m) | $19.7m | ($16.5m) | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | — | — | $0 | $2.8m | $1.0m | |
| Change In Other Working Capital | — | — | — | — | — | — | $871k | ($1.2m) | $2.1m | ($3.2m) | ($4.2m) | |
| Change In Payable | — | — | — | — | — | — | ($952k) | ($2.5m) | $3.9m | ($1.8m) | ($1.7m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | — | — | $0 | ($2.1m) | $1.8m | |
| Change In Tax Payable | — | — | — | — | — | — | — | — | $0 | $2.8m | $1.0m | |
| Changes In Cash | — | — | — | — | — | — | ($12.3m) | ($3.0m) | $19.7m | ($16.5m) | ($16.8m) | |
| End Cash Position | — | — | — | — | — | — | $12.0m | $9.0m | $28.7m | $12.2m | $16.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($5.5m) |
($1.1m)
+79.75%
|
($3.0m)
-168.25%
|
$506k
+116.90%
|
($4.7m)
-1019.23%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($5.5m) | ($13.2m) | $55.6m | $73.1m | $83.1m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $140k | $19k | $62k | ($1.7m) | $422k | |
| Investing Cash Flow | — | — | — | — | — | — | ($5.9m) | $9.5m | ($35.3m) | ($92.9m) | ($98.3m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $234k | $0 | — | — | — | $0 | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | $234k | — | — | $0 | $3.6m | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($1.4m) | $11.3m | ($32.9m) | ($93.6m) | ($95.2m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($4.6m) | ($1.8m) | ($2.3m) | ($2.8m) | ($3.1m) | |
| Operating Gains Losses | — | — | — | — | — | — | $140k | $19k | $62k | ($1.7m) | $422k | |
| Other Non Cash Items | — | — | — | — | — | — | $133k | $75k | $412k | $775k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | — | $0 | $64k | $200k | $184k | |
| Purchase Of Investment | — | — | — | — | — | — | ($49.9m) | ($51.5m) | ($165.0m) | ($154.4m) | ($153.0m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($4.6m) | ($1.8m) | ($2.3m) | ($2.8m) | ($3.1m) | |
| Sale Of Business | — | — | — | — | — | $234k | $0 | — | — | — | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $48.6m | $62.8m | $132.1m | $60.8m | $57.8m | |
| Sale Of Investment Properties | — | — | — | — | — | $234k | — | — | $0 | $3.6m | $57.8m | |
| Stock Based Compensation | — | — | — | — | — | — | $1.4m | $833k | $1.4m | $1.5m | $2.0m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $9.3m | ($2.2m) | ($477k) | $87k | $1.1m |