← Primerica, 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 — — — — — — $467.0m $576.6m $470.5m $751.2m
Net Income (Loss) Attributable to Parent $219.4m $350.3m $324.1m $366.4m $386.2m $373.4m $373.0m $576.6m $470.5m $751.2m
Net Income (Loss) Available to Common Stockholders, Basic $219.4m $347.7m $322.2m $364.7m $384.5m $371.8m $371.3m $574.1m $717.7m $748.8m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — $324.1m $366.4m $386.2m $372.0m $368.0m $576.6m $470.5m $751.2m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — $0 $720.1m $751.2m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $219.4m — — — — — — $0 $95.8m $0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — $0 ($249.6m) $0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — — — $0 ($249.6m) $0
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — ($1.4m) ($5.0m) — — —
Depreciation and amortization $14.6m $13.6m $12.4m $18.3m $17.7m $29.8m $34.2m $32.0m $23.4m $19.3m
Deferred Policy Acquisition Costs, Amortization Expense $180.6m $209.4m $239.7m $254.6m $224.3m $251.2m $356.1m $275.8m $298.1m $322.9m
Depreciation $11.2m $10.1m $9.0m $15.7m $18.0m $24.6m $24.1m $21.7m $18.2m $19.3m
Amortization Of Securities — — — — — — ($241.7m) ($241.2m) ($252.8m) ($215.5m)
Deferred Income Tax Expense (Benefit) $44.3m ($53.8m) $2.6m ($841k) $266k ($25.6m) ($80.0m) ($43.4m) ($31.8m) ($29.6m)
Deferred Income Tax — — — — — — ($52.8m) ($43.4m) ($110.6m) ($29.6m)
Deferred Tax — — — — — — ($52.8m) ($43.4m) ($110.6m) ($29.6m)
Share-based Payment Arrangement, Noncash Expense $13.4m $15.3m $17.3m $17.5m $19.0m $16.8m $22.4m $18.9m $25.1m $24.6m
Payment, Tax Withholding, Share-based Payment Arrangement $4.0m $6.7m $6.7m $7.2m $5.7m $6.7m $5.1m $10.6m $9.6m $9.4m
Goodwill, Impairment Loss — — — — — $76.0m $60.0m — — —
Asset Impairment Charge — — — — — — $60.0m $0 $253.6m $0
Gain (Loss) on Extinguishment of Debt — — — — — ($8.9m) — — — —
Income Tax Expense (Benefit) $118.2m $29.3m $92.0m $110.7m $120.6m $139.2m $125.8m $175.1m $219.1m $223.3m
Additional Financial Items
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded — — — — $525k $821k — — — $866k
Equity Securities, FV-NI, Realized Gain (Loss) — — ($48k) ($254k) ($281k) — — — — $776k
Equity Securities, FV-NI, Unrealized Gain (Loss) — — ($2.4m) $5.5m ($2.2m) — — — — —
Goodwill — — — — — $179.2m $127.7m $127.7m — —
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $143.0m $164.5m $175.5m $186.0m $232.1m $284.5m $243.8m $249.8m $247.2m $257.1m
Payments of Financing Costs — $868k — — — — — — — —
Realized Investment Gains (Losses) $4.1m $1.3m ($2.1m) $5.0m ($5.0m) $4.7m $1.4m ($645k) $1.0m ($2.0m)
Beginning Cash Position — — — — — — $392.5m $489.2m $613.1m $687.8m
Cash Flow From Continuing Financing Activities — — — — — — ($457.9m) ($479.6m) ($551.1m) ($599.6m)
Cash Flow From Continuing Investing Activities — — — — — — ($200.0m) ($90.1m) ($210.9m) ($235.6m)
Cash From Discontinued Investing Activities — — — — — — $0 $0 ($21.4m) $0
Change In Other Working Capital — — — — — — ($1.1m) $27.4m $48.5m $21.6m
Change In Receivables — — — — — — $481.3m $228.4m $201.3m $243.0m
Change In Working Capital — — — — — — $444.3m $358.3m $394.1m $359.9m
Changes In Account Receivables — — — — — — $461.4m $218.6m $178.7m $239.2m
Changes In Cash — — — — — — $99.8m $122.8m $78.7m $66.0m
End Cash Position — — — — — — $489.2m $613.1m $687.8m $756.2m
Financing Cash Flow — — — — — — ($457.9m) ($479.6m) ($551.1m) ($599.6m)
Free Cash Flow — — — — — — $731.9m $658.6m $832.9m $875.1m
Gain Loss On Investment Securities — — — — — — ($1.4m) $2.8m ($607k) $2.5m
Investing Cash Flow — — — — — — ($200.0m) ($90.1m) ($232.2m) ($235.6m)
Net Business Purchase And Sale — — — — — ($494.5m) $3.9m $0 $0 —
Net PPE Purchase And Sale — — — — — — ($25.8m) ($33.9m) ($29.2m) ($26.1m)
Operating Gains Losses — — — — — — ($1.4m) $2.8m ($607k) $2.5m
Other Non Cash Items — — — — — — $23.3m ($14.6m) ($34.7m) ($9.5m)
Purchase Of Business — — — — — ($494.5m) — $0 $0 —
Purchase Of PPE — — — — — — ($25.8m) ($33.9m) ($29.2m) ($26.1m)
Repurchase Of Capital Stock — — — — — — ($356.3m) ($375.1m) ($425.0m) ($450.0m)
Stock Based Compensation — — — — — — $22.4m $18.9m $25.1m $24.6m
Unrealized Gain Loss On Investment Securities — — — — — — $2.4m $3.1m ($1.6m) ($1.7m)
Gain (Loss) on Investments — — — — — $5.9m ($995k) ($5.9m) $2.2m ($816k)
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax — — — — — — — $0 $2.0m $2.0m
Net Cash Provided by (Used in) Operating Activities $292.2m $388.5m $478.1m $485.5m $643.4m $657.0m $757.7m $692.5m $862.1m $901.2m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($25.8m) ($33.9m) ($29.2m) ($26.1m)
Payments to Acquire Businesses, Net of Cash Acquired — — — — — $494.5m ($3.9m) — — —
Net Investment Purchase And Sale — — — — — — ($178.1m) ($56.2m) ($231.6m) ($209.5m)
Purchase Of Investment — — — — — — ($678.1m) ($432.5m) ($664.4m) ($690.4m)
Sale Of Investment — — — — — — $500.0m $376.3m $432.7m $480.9m
Payments for (Proceeds from) Other Investing Activities $13.7m $6.8m $13.5m $25.4m $27.6m $24.7m $25.8m $33.9m $29.2m $26.1m
Net Other Investing Changes — — — — — ($22.4m) — — $50.0m —
Net Cash Provided by (Used in) Investing Activities ($47.9m) ($128.3m) ($232.8m) ($201.9m) ($53.5m) ($923.4m) ($200.0m) ($90.1m) ($232.2m) ($235.6m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $254.6m $223.1m $362.4m $404.0m $429.1m $454.1m $359.7m $263.4m $420.7m $454.3m
Issuance Of Debt — — — — — $722.3m $0 $0 — —
Long Term Debt Issuance — — — — — $597.3m $0 $0 — —
Net Issuance Payments Of Debt — — — — — — ($12.6m) ($265k) ($256k) ($262k)
Net Long Term Debt Issuance — — — — — — ($12.6m) ($265k) ($256k) ($262k)
Net Short Term Debt Issuance — — — — — $0 $0 $0 — —
Short Term Debt Issuance — — — — — $125.0m $0 $0 — —
Long Term Debt Payments — — — — — — ($12.6m) ($265k) ($256k) ($262k)
Repayment Of Debt — — — — — — ($12.6m) ($265k) ($256k) ($262k)
Short Term Debt Payments — — — — — ($125.0m) $0 $0 — —
Net Common Stock Issuance — — — — — — ($356.3m) ($375.1m) ($425.0m) ($450.0m)
Payments for Repurchase of Common Stock $150.1m $150.0m $210.1m $225.0m $231.4m $18.8m $356.3m $375.1m $428.4m $450.0m
Payments of Ordinary Dividends, Common Stock $33.4m $35.8m $44.1m $57.6m $64.3m $74.6m $83.8m $93.7m $112.8m $136.1m
Common Stock Payments — — — — — — ($356.3m) ($375.1m) ($425.0m) ($450.0m)
Payments of Dividends — — — — — — $255.0m $330.0m $290.0m $271.7m
Cash Dividends Paid — — — — — — ($83.8m) ($93.7m) ($112.8m) ($136.1m)
Common Stock Dividend Paid — — — — — — ($83.8m) ($93.7m) ($112.8m) ($136.1m)
Net Other Financing Charges — — — — — — ($5.1m) ($10.6m) ($13.0m) ($13.3m)
Net Cash Provided by (Used in) Financing Activities ($185.1m) ($193.5m) ($261.0m) ($290.1m) ($301.8m) $108.0m ($457.9m) ($479.6m) ($551.1m) ($599.6m)
Effect Of Exchange Rate Changes — — — — — — ($3.0m) $1.1m ($4.0m) $2.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $572k $1.2m ($2.1m) ($5.3m) $290.7m ($155.1m) $96.7m $123.9m $74.7m $68.4m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $96.7m $123.9m $74.7m $68.4m
Interest Paid, Excluding Capitalized Interest, Operating Activities $28.0m $27.8m $27.9m $28.1m $27.9m $33.9m $27.1m $27.3m $24.2m $23.1m
Income Taxes Paid, Net $45.4m $83.3m $88.3m $115.1m $123.3m $154.8m $178.2m $227.3m $140.3m $236.1m

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