KINGSTONE COMPANIES, INC. KINS Cash Flow

Kingstone companies, inc. (KINS)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net loss
-4,075	-5,966	-8,300	-2,641	-1,524	3,093	5,904	6,044	5,797	9,986	10,110	9,497	9,829	8,899	8,696	7,581	7,118	6,959	6,870	6,408	5,383	5,328	3,656	3,434	2,148	2,012	914	-299	192	766	3,156	2,928	3,141	2,503	0	0	0
Adjustments to reconcile net loss to net cash flows (used in) provided by operating activities:
Net (gains) losses on sale of investments
270	-28	416	415	312	93	-558	-480	-273	-84	-1,037	-817	-664	-529	761	479	198	50	-1,250	-1,095	-962	-707	-587	-607	-282	-575	272	112	-353	-288	-278	-409	-492	-523	0	0	0
Net unrealized losses (gains) of equity investments
-11,721	-3,832	5,595	4,920	4,332	2,257	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized losses (gains) of other investments
-1,619	-729	473	504	409	144	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
2,630	2,545	2,389	2,183	1,980	1,787	1,653	1,591	1,493	1,402	1,312	1,196	1,159	1,124	1,117	1,122	1,080	1,032	982	964	927	874	815	732	676	646	621	606	602	596	592	586	590	602	0	0	0
Bad debts
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of bond premium, net
403	417	372	387	372	373	427	464	543	548	544	540	481	449	376	338	336	323	313	312	258	260	273	214	241	203	175	151	140	128	75	94	159	150	0	0	0
Amortization of discount and issuance costs on long-term debt
176	176	176	176	176	168	129	85	41	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
1,678	1,501	1,337	1,127	904	702	553	426	319	270	215	168	133	106	94	122	127	134	182	222	197	171	138	73	64	59	49	31	37	48	59	71	84	105	0	0	0
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-160	0	0	0	-	-	-	-
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense
-2,104	-1,991	-2,274	-1,343	476	-5	-188	117	-5	-1	202	-470	-217	-293	-119	-287	-260	-226	-273	286	160	113	-7	-732	-655	-724	-794	-476	-402	-338	-75	-239	-415	-325	0	0	0
(Increase) decrease in operating assets:
Premiums receivable, net
323	1,367	-367	-614	-52	-491	-3,046	-1,925	-1,799	-1,568	-177	-179	-849	-1,027	-2,665	-2,598	-2,255	-1,674	-1,206	-1,464	-1,388	-1,356	1,475	1,236	318	176	-476	-215	-1,073	-1,987	-815	-712	-558	-777	0	0	0
Receivables - reinsurance contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-118	405	-75	-326	-198	-881	-1,091	-974	2,668	3,423	2,591	1,734	-1,982	-520	-671	-559	0	0	0
Reinsurance receivables, net
-12,215	-14,383	5,866	5,054	-1,433	2,152	7,404	705	5,750	3,678	-8,096	-2,665	-4,182	-927	8,651	5,223	7,888	4,305	-181	-1,711	-3,008	1,985	1,883	12,574	2,031	1,341	-14,498	-17,106	-8,437	-15,021	-1,538	-3,123	-3,336	-3,160	0	0	0
Deferred policy acquisition costs
-4,035	-2,726	-2,752	-2,778	-3,096	-3,060	-2,473	-2,427	-2,552	-2,607	-459	-1,072	-1,318	-1,404	-2,122	-1,909	-1,757	-1,849	-2,438	-2,488	-2,408	-2,125	-552	-790	-974	-1,290	874	158	-836	-1,034	-982	-886	-836	-916	0	0	0
Other assets
-4,242	-1,096	-4,157	-4,286	-934	-3,215	376	345	169	-1,228	-704	-985	-1,293	-615	516	427	1,068	224	91	566	142	273	1,464	745	-699	358	-1,204	-1,080	344	-742	-430	-330	1,041	876	0	0	0
Increase (decrease) in operating liabilities:
Loss and loss adjustment expense reserves
8,740	24,301	23,466	20,417	12,838	7,397	11,652	5,061	11,660	7,062	2,488	-138	-1,419	1,860	902	3,086	3,879	-36	1,977	1,544	2,108	5,409	7,405	11,346	11,733	4,017	7,233	7,559	8,376	12,004	909	2,292	719	768	0	0	0
Unearned premiums
4,818	11,351	14,494	14,348	13,005	13,384	12,131	12,105	11,332	10,653	9,679	7,574	6,309	6,104	6,322	7,350	8,086	8,432	7,788	6,907	7,459	8,122	8,192	7,766	6,902	6,323	6,151	5,503	4,310	4,729	4,207	3,742	3,741	4,005	0	0	0
Advance premiums
2,088	1,083	411	623	412	629	-689	-549	-138	56	404	63	210	222	-104	-20	67	192	168	359	212	230	112	-108	-381	165	-321	-170	190	66	-140	-55	-32	134	0	0	0
Reinsurance balances payable
4,135	9,781	-914	-1,378	-1,815	-630	-88	1,381	909	417	-2,184	-1,101	-1,117	457	2,654	1,156	1,207	-407	-715	-1,131	-963	-470	-1,159	-1,456	-3,259	746	52	1,781	3,138	-941	242	552	678	1,654	0	0	0
Advance payments from catastrophe reinsurers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,358	0	0	0	7,358	0	0	0	-	-	-	-
Deferred ceding commission revenue
4,190	5,048	-688	-1,658	-1,602	-1,579	-1,436	-2,469	-2,425	-2,585	-2,699	565	356	416	582	334	513	478	380	-1,446	-1,215	-1,027	-891	2,309	2,195	2,107	1,918	997	773	894	804	795	824	762	0	0	0
Accounts payable, accrued expenses and other liabilities
959	3,152	2,294	2,595	2,949	-653	-766	682	1,085	2,039	1,440	-162	-462	358	777	1,033	1,431	1,385	1,640	1,137	369	712	-631	212	-522	147	625	-648	-627	-1,437	730	969	1,182	1,951	0	0	0
Net cash flows (used in) provided by operating activities
11,900	29,859	23,636	27,142	24,617	22,295	25,353	26,626	26,370	28,046	22,616	14,761	14,584	15,201	21,152	24,858	22,240	20,401	19,743	16,294	17,762	17,332	12,521	10,066	5,543	7,383	8,597	7,622	8,814	6,375	4,415	5,690	5,812	7,253	0	0	0
Cash flows from investing activities:
Purchase - fixed-maturity securities available-for-sale
4,444	9,578	-15,203	-17,057	-543	13,380	0	0	0	-	-	-	-	-	-	-	0	-	-	5,388	7,003	8,520	8,445	7,131	6,436	6,073	6,042	6,280	4,475	2,835	2,905	3,398	3,680	3,602	0	0	0
Purchase - fixed-maturity securities held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	2,715	3,664	4,007	3,358	1,791	0	0	0	-	-	-	-	-	-	-	-
Purchase - equity securities
27,497	23,881	54,843	54,782	54,142	58,542	55,454	56,342	56,400	50,396	0	0	0	-	-	-	-	19,152	8,337	20,494	21,778	28,826	27,912	23,312	18,375	9,124	9,891	7,636	7,942	6,902	7,375	6,332	7,930	9,483	0	0	0
Sale and redemption - fixed-maturity securities held-to-maturity
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale or maturity - fixed-maturity securities available-for-sale
9,448	400	-7,279	-7,559	-5,760	624	9,601	9,688	5,432	247	-7,988	-8,582	-3,694	0	21,271	19,757	12,262	6,577	3,411	4,315	5,363	6,823	5,668	4,936	6,504	5,850	6,829	7,042	4,812	4,322	3,264	3,290	4,565	3,532	0	0	0
Sale - equity securities
10,731	5,458	6,494	5,003	6,114	9,246	6,985	7,809	7,108	3,862	3,579	3,660	6,044	7,073	7,111	6,062	3,850	2,689	4,075	5,392	6,682	7,970	6,657	5,558	5,210	4,868	4,472	3,893	2,479	1,726	2,410	2,116	1,972	2,771	0	0	0
Acquisition of property and equipment
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections of notes receivable and accrued interest - sale of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	238	311	0	0	0
Other investing activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-250	-255	-258	-258	-10	-11	-572	-342	-27	40	703	543	307	493	407	336	272	62	175	195	188	0	0	0
Net cash flows provided by (used in) investing activities
1,369	-14,973	-23,186	-22,236	-34,847	-43,401	-45,227	-45,916	-42,693	-47,626	-36,358	-42,707	-29,795	-19,515	-18,180	-17,003	-21,052	-14,902	-16,347	-17,479	-18,465	-25,998	-28,407	-24,659	-16,998	-6,577	-5,968	-3,389	-5,470	-3,961	-4,660	-4,354	-4,897	-6,525	0	0	0
Cash flows from financing activities:
Net proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	30,136	30,136	30,130	34,944	4,807	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	310	485	820	690	640	765	350	350	300	0	0	0
Principal payments on line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	940	490	415	100	100	0	0	0	0
Principal payments on notes payable (includes $378,000 to related parties)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	713	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	90	85	85	74	77	108	93	87	54	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	47	47	47	41	0	0	0	0
Withholding taxes paid on net exercise of stock options
-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Withholding taxes paid on vested retricted stock awards
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withholding taxes paid on net exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	223	286	287	358	136	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
242	0	0	0	203	540	540	668	513	176	176	48	17	113	187	187	245	278	204	227	175	46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	254	245	245	237	0	0	0
Dividends paid
3,101	3,501	3,901	4,298	4,287	4,279	4,055	3,835	3,619	3,214	2,858	2,502	2,147	1,941	1,905	1,777	1,649	1,557	1,464	1,462	1,387	1,312	1,099	887	749	612	613	614	574	533	495	457	343	230	0	0	0
Net cash flows used in financing activities
-3,446	-3,632	-4,703	-5,398	-5,599	-6,137	23,887	24,320	24,681	55,917	27,192	27,664	32,867	2,807	2,727	2,851	-1,892	-1,855	-1,692	-1,707	-1,576	-1,349	16,726	17,032	17,189	16,876	-890	-873	-828	-347	-338	-398	-997	-881	0	0	0
Decrease in cash and cash equivalents
9,822	11,253	-4,254	-492	-15,829	-27,243	4,013	5,030	8,358	36,337	13,449	-280	17,656	-1,506	5,699	10,705	-704	3,644	1,703	-2,891	-2,279	-10,015	841	2,439	5,734	17,682	1,738	3,358	2,516	2,066	-583	938	-81	-153	0	0	0
Supplemental disclosures of cash flow information:
Cash paid for income taxes
388	388	1,339	1,788	2,201	2,201	3,087	4,812	5,773	5,773	6,165	6,043	5,998	6,028	5,939	4,335	3,326	3,596	2,300	3,100	2,855	2,555	3,139	2,073	2,174	2,174	757	922	1,363	1,863	2,569	2,350	1,675	1,175	0	0	0
Cash paid for interest
1,650	1,650	1,650	1,650	1,700	1,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	108	79	79	0	81	78	88	201	172	0	0	0
Value of shares deducted from exercise of stock options for payment of withholding taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	243	310	310	377	133	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-