← SECURITY NATIONAL FINANCIAL 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 $12.2m $14.1m $21.7m $10.9m $55.6m $39.5m $25.7m $14.5m $26.5m $32.2m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — $55.6m — — — — —
Depreciation, Depletion and Amortization $5.6m $6.3m $5.5m $5.2m $2.1m $1.9m $2.5m $2.4m $2.4m $2.4m
Amortization of Intangible Assets — — — — — — $256k $254k $324k $347k
Deferred Policy Acquisition Costs, Amortization Expense $16.9m $19.0m $19.5m $19.2m $18.9m $15.0m $16.7m $16.7m $15.0m $11.2m
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization $8.0m $8.5m $11.6m $14.6m $14.3m $16.1m $18.0m $18.0m $15.9m $11.7m
Depreciation $5.6m $6.3m $5.5m $5.2m $5.4m $5.5m $8.6m $8.6m $8.2m $8.2m
Deferred Income Tax Expense (Benefit) $6.1m ($7.8m) ($2.6m) ($1.9m) $2.9m $11.3m ($10.0m) ($2.5m) $312k $1.5m
Share-based Payment Arrangement, Noncash Expense $344k $396k $237k $257k $359k $118k — — — —
Share-based Payment Arrangement, Expense — — — — $359k $118k $930k $601k $801k $1.3m
Goodwill and Intangible Asset Impairment — — — — — — — $122k — —
Income Tax Expense (Benefit) $7.5m ($6.6m) $4.5m $3.1m $15.9m $12.3m $8.7m $1.8m $7.6m $9.3m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — — — — $1.2m $94k $929k $774k ($114k)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded — — — — — — — $268k $55k $143k
Gain (Loss) on Investments ($176k) — — — — $6.3m ($857k) $1.8m $1.9m $4.6m
Gain (Loss) on Sale of Mortgage Loans ($137.7m) — — — — — — — $671k $874k
Goodwill $2.8m $2.8m $2.8m $3.5m $3.5m $5.3m $5.3m $5.3m $5.3m $5.3m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims — — — — — — $73.4m $74.1m $70.5m $73.4m
Proceeds from Stock Options Exercised $116k $10k $57k $864k $832k $1.1m $143k $134k $449k $106k
Financing Receivable, Credit Loss, Expense (Reversal) $1.7m — — — — — — — — —
Realized Investment Gains (Losses) — — — — — — — — $889k —
Gain (Loss) on Sales of Loans, Net — — — — — $177.9m $74.8m $40.2m $45.4m $52.4m
Net Cash Provided by (Used in) Operating Activities $35.5m $44.3m $7.0m $253k ($129.6m) $144.6m $130.5m $53.9m $57.3m $45.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $3.6m $911k ($1.3m) $1.8m $1.6m $5.2m $1.6m $1.1m $2.5m $1.7m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — $12.6m — — — —
Gain (Loss) on Sale of Investments — — — — — — $34.1m — — —
Net Cash Provided by (Used in) Investing Activities ($55.6m) ($40.2m) $63.3m $38.1m $36.1m ($63.6m) ($37.2m) $14.6m ($43.1m) ($67.2m)
Cash flows from financing activities:
Payments for Repurchase of Common Stock — — — — — $5.8m $7.7m $2.8m $3.1m $1.6m
Net Cash Provided by (Used in) Financing Activities $19.0m $2.2m $26.1m $24.3m $71.2m ($55.1m) ($101.2m) ($62.0m) ($4.0m) ($14.3m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $7.6m $96.4m ($13.2m) ($22.3m) $25.9m ($7.9m) $6.4m $10.2m ($36.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $7.6m $96.4m ($13.2m) ($22.3m) $141.4m $133.5m $139.9m $150.1m $114.1m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $6.0m — — $8.4m $7.3m $7.7m $5.1m $4.2m $4.5m
Income Taxes Paid, Net — — $5.7m $4.9m $11.8m $5.1m $730k $20.4m $8.2m —

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