← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($22.5m) ($6.2m) $18.4m $40.8m
Net Income (Loss) Attributable to Parent $8.9m $10.0m $3.1m ($6.0m) $972k ($7.4m) ($22.5m) ($6.2m) $18.4m $40.8m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — $972k — ($22.5m) ($6.2m) $18.4m —
Depreciation and amortization $1.1m $1.4m $1.8m $2.5m $2.9m $3.3m $3.3m $3.0m $2.4m $2.6m
Amortization of Debt Issuance Costs — — — — — — — $1.2m $989k $65k
Amortization of Debt Issuance Costs and Discounts — $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
Amortization Of Securities — — — — — — $4.2m $1.2m $468k $47k
Deferred Income Tax Expense (Benefit) ($293k) ($2k) ($5k) ($2.0m) $3.1m ($2.2m) ($5.4m) ($1.2m) $4.9m ($202k)
Deferred Income Tax — — — — — — ($5.4m) ($1.2m) $4.9m ($202k)
Deferred Tax — — — — — — ($5.4m) ($1.2m) $4.9m ($202k)
Share-based Payment Arrangement, Noncash Expense $107k $270k $703k $1.5m $1.8m $1.9m $1.4m $833k $1.4m $1.5m
Payment, Tax Withholding, Share-based Payment Arrangement $0 $28k $51k $154k — — — — — —
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — — $0 $0
Gain (Loss) on Extinguishment of Debt — — — — — — — $0 ($297k) ($175k)
Income Tax Expense (Benefit) $4.5m $4.3m ($86k) ($1.8m) ($2.3m) ($2.0m) ($5.4m) ($1.2m) $4.9m $10.3m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($616k) ($1.2m) ($3.2m) ($1.1m) ($2.3m) $668k $4.8m $826k $1.9m $2.3m
Debt and Equity Securities, Realized Gain (Loss) — — — — — — — — — $2.0m
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)
Unrealized Gain (Loss) on Investments — — $2.3m ($3.8m) $6.5m ($10.2m) ($22.5m) $4.7m $125k $7.7m
Beginning Cash Position — — — — — — $24.3m $12.0m $9.0m $28.7m
Cash Flow From Continuing Financing Activities — — — — — — ($5.5m) ($1.1m) ($3.0m) $506k
Cash Flow From Continuing Investing Activities — — — — — — ($5.9m) $9.5m ($35.3m) ($92.9m)
Change In Account Payable — — — — — — ($952k) ($2.5m) $3.9m ($4.6m)
Change In Income Tax Payable — — — — — — — — $0 $2.8m
Change In Other Current Assets — — — — — — $4.8m ($826k) ($1.9m) ($2.3m)
Change In Other Working Capital — — — — — — $871k ($1.2m) $2.1m ($3.2m)
Change In Payable — — — — — — ($952k) ($2.5m) $3.9m ($1.8m)
Change In Payables And Accrued Expense — — — — — — ($952k) ($2.5m) $3.9m ($1.8m)
Change In Prepaid Assets — — — — — — — — $0 ($2.1m)
Change In Receivables — — — — — — ($27.9m) ($8.9m) ($2.0m) $10.5m
Change In Tax Payable — — — — — — — — $0 $2.8m
Change In Working Capital — — — — — — $8.6m ($6.9m) $30.4m $32.1m
Changes In Account Receivables — — — — — — ($27.9m) ($8.9m) ($2.0m) $10.5m
Changes In Cash — — — — — — ($12.3m) ($3.0m) $19.7m ($16.5m)
End Cash Position — — — — — — $12.0m $9.0m $28.7m $12.2m
Financing Cash Flow — — — — — — ($5.5m) ($1.1m) ($3.0m) $506k
Free Cash Flow — — — — — — ($5.5m) ($13.2m) $55.6m $73.1m
Gain Loss On Investment Securities — — — — — — $140k $19k $62k ($1.7m)
Investing Cash Flow — — — — — — ($5.9m) $9.5m ($35.3m) ($92.9m)
Issuance Of Capital Stock — — — — — — $60k $0 $13.6m $9.5m
Net Business Purchase And Sale — — — — — $234k $0 — — —
Net PPE Purchase And Sale — — — — — — ($4.6m) ($1.8m) ($2.3m) ($2.8m)
Operating Gains Losses — — — — — — $140k $19k $62k ($1.7m)
Other Non Cash Items — — — — — — $133k $75k $412k $775k
Proceeds From Stock Option Exercised — — — — — — — $0 $64k $200k
Purchase Of PPE — — — — — — ($4.6m) ($1.8m) ($2.3m) ($2.8m)
Repurchase Of Capital Stock — — — — — ($1.7m) $0 — — —
Sale Of Business — — — — — $234k $0 — — —
Stock Based Compensation — — — — — — $1.4m $833k $1.4m $1.5m
Unrealized Gain Loss On Investment Securities — — — — — — $9.3m ($2.2m) ($477k) $87k
Net Cash Provided by (Used in) Operating Activities $15.2m $28.0m $22.3m $29.9m ($10.2m) $24.3m ($916k) ($11.3m) $57.9m $75.9m
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
Net Investment Properties Purchase And Sale — — — — — $234k — — $0 $3.6m
Net Investment Purchase And Sale — — — — — — ($1.4m) $11.3m ($32.9m) ($93.6m)
Purchase Of Investment — — — — — — ($49.9m) ($51.5m) ($165.0m) ($154.4m)
Gain (Loss) on Sale of Investments ($529k) ($84k) $94k ($29k) ($832k) ($7.2m) $140k — — —
Gains (Losses) on Sales of Investment Real Estate — — — — — — — — — $2.0m
Sale Of Investment — — — — — — $48.6m $62.8m $132.1m $60.8m
Sale Of Investment Properties — — — — — $234k — — $0 $3.6m
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)
Cash flows from financing activities:
Issuance Of Debt — — — — — $0 $8.1m $0 — —
Long Term Debt Issuance — — — — — $0 $8.1m $0 — —
Net Issuance Payments Of Debt — — — — — — ($2.1m) ($1.1m) ($15.2m) ($7.2m)
Net Long Term Debt Issuance — — — — — — ($2.1m) ($1.1m) ($15.2m) ($7.2m)
Long Term Debt Payments — — — — — — ($10.2m) ($1.1m) ($15.2m) ($7.2m)
Repayment Of Debt — — — — — — ($10.2m) ($1.1m) ($15.2m) ($7.2m)
Proceeds from Issuance of Common Stock $4.8m $30.1m $0 — — $0 $60k $0 $13.6m $9.5m
Common Stock Issuance — — — — — — $60k $0 $13.6m $9.5m
Net Common Stock Issuance — — — — — — $60k $0 $13.6m $9.5m
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
Common Stock Payments — — — — — ($1.7m) $0 — — —
Cash Dividends Paid — — — — — — ($1.3m) $0 $0 ($1.4m)
Common Stock Dividend Paid — — — — — — ($1.3m) $0 $0 ($1.4m)
Net Other Financing Charges — — — — — — ($2.2m) ($28k) ($1.5m) ($577k)
Net Cash Provided by (Used in) Financing Activities $2.8m $55.9m ($6.1m) ($3.6m) ($3.3m) ($3.6m) ($5.5m) ($1.1m) ($3.0m) $506k
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)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $12.0m $9.0m $28.7m $12.2m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($12.3m) ($3.0m) $19.7m ($16.5m)
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

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