← ATLANTIC AMERICAN CORP

Annual Trend FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $4.4m $2.6m $4.5m ($704k) ($386k) $12.2m $4.3m $1.5m ($171k) ($4.3m)
Net Income (Loss) Available to Common Stockholders, Basic $4.0m $2.2m $4.1m ($1.1m) ($785k) $11.8m $3.9m $1.1m ($570k) ($4.7m)
Depreciation and amortization $11.4m $13.1m $12.1m $18.6m $18.3m $20.4m $25.0m $20.2m $16.9m $16.7m
Depreciation, Amortization and Accretion, Net $1.1m $1.2m $1.4m $987k $996k $980k $1.0m $890k $652k $366k
Capitalized Computer Software, Amortization — — — — — — — $0 $0 $0
Deferred Policy Acquisition Costs, Amortization Expense $10.3m $11.9m $10.6m $17.6m $17.3m $19.4m $24.1m $19.4m $16.4m $16.6m
Amortization of deferred acquisition costs $10.3m $11.9m $10.6m $17.6m $17.3m $19.4m $24.1m $19.4m $16.4m $16.6m
Deferred Income Tax Expense (Benefit) $304k ($2k) ($1.4m) ($2.2m) ($913k) ($2.2m) ($1.1m) ($1.8m) ($3.1m) ($1.7m)
Deferred income tax benefit $304k ($2k) ($1.4m) ($2.2m) ($913k) ($2.2m) ($1.1m) ($1.8m) ($3.1m) ($1.7m)
Payment, Tax Withholding, Share-based Payment Arrangement — — — $223k $92k $91k $153k $108k $12k $7k
Share-based Payment Arrangement, Expense $365k $586k $495k $244k $353k $437k $211k $134k $119k $11k
Goodwill and Intangible Asset Impairment — — — $0 $0 $0 $0 $0 $0 $0
Treasury stock acquired - net employee share-based compensation — — $0 ($223k) ($92k) ($91k) ($153k) ($108k) ($12k) ($7k)
Income (Loss) from Equity Method Investments — — — — — — — $241k ($360k) ($766k)
Income Tax Expense (Benefit) $1.3m $888k $828k ($267k) ($21k) $3.3m $1.0m $571k ($394k) ($996k)
Operating Lease, Expense — — — — $1.0m $1.0m $1.0m $1.0m $1.0m $1.0m
Losses from equity method investees — — — — — — $290k ($241k) $360k $766k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets — ($19k) ($34k) $266k $5.0m ($1.9m) $1.4m $923k $370k $2.9m
Equity Securities, FV-NI, Gain (Loss) — — — ($1.9m) $6.7m ($3.3m) $1.9m ($7.6m) ($2.2m) ($1.5m)
Equity Securities, FV-NI, Realized Gain (Loss) — — — $272k $1.2m $87k $0 $0 $0 $0
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — ($2.2m) $5.5m ($3.4m) $1.9m ($7.6m) ($2.2m) ($1.5m)
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $98.7m $99.9m $112.3m $128.6m $137.2m $119.1m $130.9m $121.5m $114.7m $118.1m
Provision for Loan, Lease, and Other Losses — — — — — — — — $26k ($26k)
Realized Investment Gains (Losses) $4.9m $2.6m $9.2m $5.2m $1.6m $7.4m $4.9m $30k $70k $1.2m
Net loss $4.4m $2.6m $4.5m ($704k) ($386k) $12.2m $4.3m $1.5m ($171k) ($4.3m)
Acquisition costs deferred ($11.2m) ($13.0m) ($14.3m) ($22.0m) ($19.1m) ($20.1m) ($23.2m) ($23.0m) ($18.0m) ($17.6m)
Realized investment gains, net ($4.9m) ($2.6m) ($9.2m) ($5.2m) ($1.6m) ($7.4m) ($4.9m) ($30k) ($70k) ($1.2m)
Unrealized losses on equity securities, net — — $0 $2.2m ($5.5m) $3.4m ($1.9m) $7.6m $2.2m $1.5m
Compensation expense related to share awards $365k $586k $495k $244k $353k $437k $211k $134k $119k $11k
(Benefit) provision for credit losses — — — — — — — $0 $26k ($26k)
Increase in receivables, net $1.3m ($407k) ($6.2m) ($10.2m) ($4.7m) $1.3m $1.5m $1.1m ($3.5m) ($5.6m)
Increase in insurance reserves and policyholder funds ($749k) ($666k) $10.9m $15.5m $12.9m ($3.2m) $3.1m $854k $9.8m $12.7m
Increase (decrease) in accounts payable and accrued expenses — — — ($2.2m) $3.5m $2.3m ($947k) $1.0m ($1.7m) $6.1m
Other, net ($245k) $19k $34k ($266k) ($5.0m) $1.9m ($1.4m) ($923k) ($370k) ($2.9m)
Proceeds from investments sold and policy loans redeemed — — $74.5m $30.1m $121.0m $18.5m $29.2m $3.9m $5.0m $2.6m
Proceeds from investments matured, called or redeemed $5.9m $10.9m $10.8m $4.9m $6.2m $7.1m $11.5m $9.8m $9.7m $13.8m
Proceeds from revolving credit facility, net — — — — — — $0 $2.0m $1.0m $1.0m
Net Cash Provided by (Used in) Operating Activities $2.2m $1.3m $2.6m $4.5m ($1.8m) $9.0m $1.1m $6.5m $2.6m $4.8m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $322k $396k $103k $281k $69k $233k $107k $126k $80k $225k
Payments to Acquire Investments $91.7m $75.1m $84.6m $49.6m $124.0m $27.5m $35.3m $17.0m $18.1m $13.8m
Investments purchased ($91.7m) ($75.1m) ($84.6m) ($49.6m) ($124.0m) ($27.5m) ($35.3m) ($17.0m) ($18.1m) ($13.8m)
Net Cash Provided by (Used in) Investing Activities ($1.2m) ($2.2m) $10.1m ($14.8m) $3.0m ($2.1m) $5.3m ($3.4m) ($3.4m) $2.3m
Cash flows from financing activities:
Repayments of Long-term Debt $0 — — — — — — — — —
Payments for Repurchase of Common Stock $997k $698k $692k $597k $71k $0 — — — —
Payments of Ordinary Dividends, Common Stock $412k $408k $408k $407k $403k $0 $408k $408k $408k $408k
Payment of dividends on common stock ($412k) ($408k) ($408k) ($407k) ($403k) $0 ($408k) ($408k) ($408k) ($408k)
Payment of dividends on Series D preferred stock ($0) ($0) ($0) ($0) ($0) ($0) ($0) ($0) ($0) ($0)
Net Cash Provided by (Used in) Financing Activities ($1.8m) ($1.5m) ($1.5m) ($1.6m) ($939k) ($481k) ($954k) $1.1m $181k $186k
Net increase (decrease) in cash — ($2.4m) $11.3m ($11.9m) $263k $6.4m $5.4m $4.1m ($562k) $7.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $12.9m $19.3m $24.8m $28.9m $28.3m $35.6m
Cash and cash equivalents at beginning of year $16.4m $15.6m $13.3m $24.5m $12.9m $19.3m $24.8m $28.9m $28.3m $35.6m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.4m $1.5m $1.7m $2.0m $2.2m $1.7m $1.4m $1.8m $3.2m $3.4m
Cash paid for income taxes $1.5m $675k $1.4m $2.1m $1.7m $3.9m $3.2m $2.8m $2.6m $580k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.