← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $33.9m ($1.1m) $27.2m $28.6m $9.3m ($74.7m) ($154.4m) $45.3m $61.5m $195.6m
Net Income (Loss) Available to Common Stockholders, Basic $33.9m ($1.1m) $27.2m $28.6m $9.3m ($74.7m) ($154.4m) $45.3m $61.5m $195.6m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — $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
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
Deferred Income Tax Expense (Benefit) $3.1m $19.6m ($21.6m) ($898k) $6.2m ($6.0m) ($11.2m) $40k ($4.8m) $2.4m
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
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
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 — —
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
Other Nonoperating Income (Expense) — ($42.2m) ($10.5m) ($48k) — — — — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($177k) $4.9m ($8.1m) $1.7m ($291k) $729k ($763k) $1.2m ($1.0m) $11.2m
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 — — —
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — $1.9m $22.4m $64k ($258k) ($636k) $47k ($107k)
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 — — —
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
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)
Net Cash Provided by (Used in) Operating Activities $75.1m $7.6m $95.4m $119.7m $170.2m $60.1m ($34.3m) $70.4m $87.1m $182.2m
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
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)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — $114.2m — — $2.8m $35.0m $0 $0 —
Repayments of Long-term Debt — — $79.5m — — — — — — —
Proceeds from Issuance of Common Stock — — — — — $0 $0 $24.7m ($3k) $0
Payments for Repurchase of Common Stock $25.6m $61.6m $2.0m $16.2m $10.0m $8.2m $7.3m $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 ($32.0m) ($45.4m) ($28.9m) ($17.3m) ($5.1m) $14.5m ($5.2m) ($40.6m)
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
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

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