← KINGSWAY Corp

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 — — ($30.7m) — ($7.8m) — — — — —
Net Income (Loss) Available to Common Stockholders, Basic $405k ($15.8m) ($24.6m) ($6.9m) ($7.8m) ($836k) $24.4m $23.5m ($9.5m) ($11.9m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $522k ($11.1m) ($28.3m) ($4.3m) ($5.4m) $1.9m $15.1m $24.0m ($8.3m) ($10.3m)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($850k) ($16.3m) — — — — — — — ($10.3m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($733k) ($11.7m) ($22.3m) ($2.8m) ($5.4m) $1.9m $30.1m $25.6m ($8.1m) ($10.3m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — ($16.3m) $1.1m $0 — $0 ($12.8m) ($450k) ($438k) $0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — ($16.3m) $1.1m $0 — $0 ($12.8m) ($450k) ($438k) $0
Net Income (Loss) Attributable to Noncontrolling Interest ($281k) $4.3m $1.8m $1.6m ($1.3m) $2.2m ($1.5m) — — $479k
Depreciation, Amortization and Accretion, Net $2.8m $5.6m $6.7m $6.9m $6.7m $8.6m $6.4m $6.2m $7.0m $9.2m
Amortization of Intangible Assets $1.2m $1.2m $2.4m $2.5m $2.3m $4.9m $6.1m $5.9m $6.3m $8.2m
Deferred Policy Acquisition Costs, Amortization Expense $27.8m $28.4m $3.2m $4.2m ($4.7m) $6.6m — — — —
Depreciation — — — $4.4m $4.4m $3.7m $300k $300k — —
Deferred Income Tax Expense (Benefit) ($9.8m) ($18.4m) ($108k) ($786k) ($1.5m) ($5.3m) $1.4m ($1.9m) ($537k) ($4.1m)
Share-based Payment Arrangement, Noncash Expense $1.0m $1.2m ($1.7m) $1.2m — $3.6m $4.1m $1.6m $1.8m $1.7m
Payment, Tax Withholding, Share-based Payment Arrangement — — $376k $89k $83k $499k $396k $450k $2.3m $122k
Share-based Payment Arrangement, Expense — — — — $826k $3.6m — — — —
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — ($212k) $0 — ($100k) $100k — $229k $0 $0
Gain (Loss) on Sale of Assets and Asset Impairment Charges $0 $250k — — — — — — — —
Goodwill and Intangible Asset Impairment — — — — — — — $0 $2.8m $706k
Goodwill, Impairment Loss — — — — — $0 — $0 $732k $700k
Impairment of Intangible Assets, Finite-lived — $250k — — — — — $0 $2.8m $706k
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — $250k $0 $0 $0 $0 — $0 — $700k
Equity Method Investment, Realized Gain (Loss) on Disposal — — — $100k — — — — — —
Gain (Loss) on Disposition of Assets $0 — — — — — — — — —
Gain (Loss) on Disposition of Business — — $17k $0 ($468k) $2.5m — — — —
Gain (Loss) on Disposition of Other Assets $0 — — — — — — — — —
Gain (Loss) on Extinguishment of Debt — — — — ($468k) $2.5m $0 $31.6m ($160k) —
Income (Loss) from Equity Method Investments ($1.0m) $2.1m ($2.5m) $169k $0 ($27k) ($293k) $44k $162k $1k
Income Tax Expense (Benefit) ($9.7m) ($17.8m) $315k ($363k) ($1.1m) ($7.6m) $4.8m ($1.9m) ($147k) ($3.8m)
Operating Lease, Expense — — — — — $6.2m — — — —
Operating Lease, Lease Income — — — — — $13.4m — — — —
Other Nonoperating Income (Expense) ($7.6m) ($9.4m) ($9.0m) ($8.5m) ($58k) ($2.8m) ($206k) ($1.5m) $550k $377k
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions $1.2m $1.8m $241k $36k $30k $27k $293k ($44k) ($162k) ($1k)
Additional Financial Items
Accretion Expense $657k $212k $0 — — — — — — —
Debt and Equity Securities, Gain (Loss) — — $1.5m ($156k) $1.5m $13k $0 $3.4m ($3k) —
Deconsolidation, Gain (Loss), Amount $5.6m $0 — — — — — — — —
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $0 ($494k) $17k $0 ($6k) $0 $37.9m $342k $0 $0
Equity Securities, FV-NI, Gain (Loss) — — — — — ($242k) ($26k) $3.4m ($3k) —
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — — — ($242k) ($26k) $3.4m ($3k) —
Fair Value, Option, Changes in Fair Value, Gain (Loss) ($3.7m) ($8.5m) ($1.7m) $1.1m $1.2m ($3.2m) ($4.9m) ($68k) ($198k) $0
Foreign Currency Transaction Gain (Loss), before Tax ($15k) ($15k) — — — — — — — —
Foreign Currency Transaction Gain (Loss), Realized ($15k) ($15k) — — — — — — — —
General and Administrative Expense $41.6m $46.3m $29.7m $36.3m $42.0m $48.7m $43.5m $41.8m $44.9m $61.2m
Goodwill $71.1m $80.1m $74.7m $82.1m $121.1m $110.2m $45.5m $50.4m $56.5m $69.1m
Insurance Services Revenue — — $9.9m — — — — — — —
Investment Income, Interest $794k $809k $236k $484k $310k $242k $556k $1.0m $1.3m $1.4m
Operating Costs and Expenses — — — — — $7.1m $18.7m $27.2m — —
Operating Expenses $183.5m $211.2m $54.4m $61.4m $66.2m $88.5m $96.9m $102.3m $107.2m $137.4m
Payments for Repurchase of Warrants — — — — — — — $4.0m $0 —
Realized Investment Gains (Losses) $360k $3.8m ($17k) $796k $580k $1.8m $1.2m $761k $1.6m $97k
Stock or Unit Option Plan Expense $1.0m $1.2m ($1.7m) — — — — — — —
Unrealized Gain (Loss) on Derivatives — — — — — — $17.1m ($1.6m) ($49k) —
Unrealized Gain (Loss) on Investments $5.1m ($678k) ($7.4m) $100k — — — — — —
Gain (Loss) on Investments — — $3.0m $2.9m $2.6m $1.6m — — — $714k
Derivative, Gain (Loss) on Derivative, Net — — — — — ($14k) — — — —
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax $1.3m $1.0m ($7.1m) ($1.5m) $6k $0 $2.3m ($2.0m) ($620k) $0
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax $0 $0 $1.1m $0 — — ($2.3m) $450k $438k $0
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — $16.7m ($1.4m) $0 —
Other Operating Income (Expense), Net ($3.6m) ($11.4m) ($19.7m) ($1.7m) $1.7m ($9.0m) $38.5m $22.7m ($10.4m) ($11.6m)
Net Cash Provided by (Used in) Operating Activities ($15.6m) ($19.0m) ($10.1m) ($759k) $1.7m ($5.9m) ($14.6m) ($26.2m) $1.1m ($3k)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $645k $4.5m $519k $212k $213k $830k $26.5m $205k $709k $1.6m
Payments to Acquire Businesses, Net of Cash Acquired $494k $7.9m $0 $4.9m $2.7m $10.0m $13.7m $13.6m $20.1m $29.2m
Payments to Acquire Investments — — $1.6m — — — — — — —
Payments for (Proceeds from) Other Investing Activities — — $0 ($824k) ($719k) ($391k) ($258k) ($39k) ($270k) $46k
Net Cash Provided by (Used in) Investing Activities ($8.8m) $24.6m $20.0m ($6.5m) $4.0m ($8.6m) $100.9m $6.5m ($16.8m) ($29.6m)
Cash flows from financing activities:
Repayments of Long-term Debt — — $1.0m — — — — — — —
Proceeds from Issuance of Common Stock $10.5m $47k $0 — — — — — $0 $15.6m
Payments for Repurchase of Common Stock $125k $0 — — — — $0 $3.2m $2.5m $345k
Proceeds from Noncontrolling Interests — — $678k $0 — — — — — —
Dividends Payable $1.0m $1.3m $1.7m $2.1m $2.1m — — $74k $166k $327k
Proceeds from (Payments for) Other Financing Activities $1.0m $100k $0 — — — — — — —
Net Cash Provided by (Used in) Financing Activities $9.1m $2.2m ($4.1m) $1.3m $13.6m ($540k) ($37.9m) ($40.0m) $11.4m $32.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($10.8m) $58k $71k ($5.9m) $19.3m ($15.0m) $49.9m ($59.7m) ($4.4m) $3.1m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($10.8m) $58k $31.6m $25.7m $44.9m $29.9m $77.2m $17.5m $13.1m $16.3m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $8.5m — $7.8m $1.4m $24.6m $4.7m $5.3m
Income Taxes Paid, Net $10k $37k $381k $138k $81k $187k $501k $1.9m ($112k) $237k

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