Donegal Group Inc
NASDAQ:DGICA
Cash Flow Statement
Cash Flow Statement
Donegal Group Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
26
|
19
|
19
|
20
|
15
|
22
|
27
|
23
|
21
|
26
|
28
|
27
|
31
|
24
|
13
|
16
|
7
|
(16)
|
(15)
|
(21)
|
(33)
|
8
|
14
|
18
|
47
|
28
|
46
|
52
|
53
|
60
|
53
|
35
|
25
|
28
|
4
|
(0)
|
(2)
|
(10)
|
0
|
10
|
4
|
|
Depreciation & Amortization |
3
|
3
|
3
|
3
|
4
|
4
|
4
|
4
|
7
|
8
|
9
|
9
|
7
|
6
|
6
|
6
|
6
|
6
|
6
|
7
|
7
|
7
|
7
|
6
|
6
|
6
|
6
|
6
|
7
|
7
|
6
|
6
|
6
|
5
|
5
|
5
|
5
|
5
|
4
|
4
|
4
|
|
Change in Deffered Taxes |
1
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
1
|
2
|
2
|
2
|
0
|
0
|
12
|
11
|
12
|
12
|
(4)
|
(3)
|
(4)
|
(4)
|
1
|
(2)
|
(1)
|
(0)
|
0
|
2
|
2
|
2
|
1
|
1
|
(2)
|
(2)
|
(3)
|
(2)
|
(0)
|
0
|
0
|
|
Other Non-Cash Items |
(5)
|
(3)
|
(4)
|
(3)
|
(4)
|
(6)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(4)
|
(4)
|
(6)
|
(6)
|
(6)
|
(7)
|
(4)
|
(5)
|
(8)
|
2
|
(17)
|
(16)
|
(11)
|
(22)
|
7
|
2
|
(2)
|
(3)
|
(16)
|
(14)
|
(9)
|
(7)
|
(4)
|
9
|
9
|
10
|
10
|
(1)
|
(2)
|
(3)
|
|
Cash Taxes Paid |
6
|
5
|
9
|
3
|
3
|
3
|
6
|
6
|
7
|
7
|
10
|
11
|
7
|
7
|
4
|
2
|
3
|
3
|
0
|
0
|
(3)
|
(3)
|
(6)
|
(1)
|
(10)
|
(10)
|
(8)
|
(1)
|
13
|
13
|
18
|
8
|
6
|
6
|
5
|
5
|
5
|
5
|
0
|
0
|
0
|
|
Cash Interest Paid |
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Change in Working Capital |
21
|
20
|
13
|
21
|
32
|
40
|
51
|
43
|
44
|
39
|
26
|
32
|
24
|
42
|
64
|
61
|
63
|
75
|
74
|
88
|
92
|
69
|
48
|
44
|
45
|
38
|
50
|
40
|
44
|
68
|
64
|
58
|
51
|
37
|
37
|
56
|
57
|
43
|
41
|
30
|
23
|
|
Cash from Operating Activities |
46
N/A
|
39
-16%
|
31
-20%
|
39
+27%
|
45
+13%
|
59
+33%
|
77
+30%
|
67
-13%
|
68
+2%
|
71
+4%
|
62
-14%
|
66
+7%
|
60
-9%
|
68
+14%
|
77
+13%
|
76
-1%
|
81
+6%
|
72
-11%
|
73
+1%
|
78
+8%
|
64
-18%
|
64
0%
|
49
-23%
|
52
+7%
|
76
+46%
|
76
-1%
|
103
+36%
|
97
-6%
|
101
+5%
|
120
+19%
|
112
-7%
|
91
-19%
|
77
-16%
|
68
-12%
|
53
-22%
|
68
+30%
|
67
-1%
|
46
-32%
|
45
-1%
|
43
-4%
|
29
-34%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
|
Other Items |
(27)
|
(41)
|
(29)
|
(21)
|
(27)
|
(39)
|
(56)
|
(69)
|
(76)
|
(64)
|
(62)
|
(51)
|
(51)
|
(55)
|
(66)
|
(65)
|
(57)
|
(54)
|
(37)
|
(43)
|
(38)
|
(23)
|
(29)
|
(15)
|
(43)
|
(107)
|
(108)
|
(111)
|
(100)
|
(26)
|
(56)
|
(57)
|
(62)
|
(99)
|
(108)
|
(106)
|
(99)
|
(79)
|
(34)
|
(35)
|
(17)
|
|
Cash from Investing Activities |
(28)
N/A
|
(43)
-53%
|
(32)
+27%
|
(24)
+25%
|
(29)
-24%
|
(41)
-39%
|
(57)
-39%
|
(70)
-23%
|
(76)
-9%
|
(64)
+16%
|
(62)
+3%
|
(51)
+17%
|
(51)
N/A
|
(55)
-8%
|
(67)
-20%
|
(66)
+1%
|
(58)
+12%
|
(54)
+7%
|
(38)
+31%
|
(43)
-15%
|
(38)
+13%
|
(23)
+39%
|
(29)
-27%
|
(15)
+48%
|
(43)
-186%
|
(108)
-148%
|
(108)
0%
|
(112)
-3%
|
(100)
+11%
|
(26)
+74%
|
(56)
-118%
|
(57)
-2%
|
(62)
-9%
|
(99)
-59%
|
(108)
-9%
|
(106)
+1%
|
(99)
+7%
|
(79)
+19%
|
(34)
+58%
|
(35)
-5%
|
(17)
+53%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
12
|
11
|
11
|
14
|
11
|
12
|
23
|
19
|
(13)
|
(14)
|
(23)
|
(19)
|
14
|
15
|
12
|
9
|
16
|
14
|
14
|
13
|
3
|
3
|
3
|
4
|
5
|
6
|
7
|
14
|
19
|
23
|
28
|
20
|
14
|
10
|
14
|
16
|
19
|
21
|
13
|
11
|
9
|
|
Net Issuance of Debt |
(10)
|
(1)
|
(2)
|
(9)
|
(5)
|
(6)
|
(13)
|
(8)
|
28
|
0
|
30
|
26
|
(12)
|
0
|
0
|
(5)
|
(10)
|
0
|
(9)
|
(9)
|
1
|
(24)
|
(25)
|
(25)
|
(25)
|
50
|
50
|
50
|
50
|
(50)
|
(50)
|
(55)
|
(55)
|
(5)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Cash Paid for Dividends |
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(17)
|
(18)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
(21)
|
(21)
|
(21)
|
(22)
|
(22)
|
|
Cash from Financing Activities |
(10)
N/A
|
(3)
+75%
|
(4)
-60%
|
(8)
-90%
|
(7)
+3%
|
(8)
-5%
|
(4)
+49%
|
(4)
+10%
|
0
N/A
|
(3)
N/A
|
(7)
-176%
|
(8)
-9%
|
(12)
-64%
|
(12)
+6%
|
(11)
+3%
|
(11)
+2%
|
(9)
+15%
|
(11)
-14%
|
(10)
+2%
|
(11)
-8%
|
(11)
-2%
|
(37)
-225%
|
(37)
-1%
|
(37)
+1%
|
(36)
+2%
|
40
N/A
|
41
+3%
|
48
+17%
|
52
+10%
|
(45)
N/A
|
(40)
+9%
|
(53)
-32%
|
(60)
-13%
|
(15)
+75%
|
(11)
+27%
|
(4)
+62%
|
(1)
+71%
|
0
N/A
|
(9)
N/A
|
(11)
-26%
|
(13)
-23%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Net Change in Cash |
8
N/A
|
(7)
N/A
|
(5)
+34%
|
8
N/A
|
8
-4%
|
11
+35%
|
16
+53%
|
(6)
N/A
|
(8)
-21%
|
4
N/A
|
(7)
N/A
|
7
N/A
|
(4)
N/A
|
1
N/A
|
(1)
N/A
|
(1)
+33%
|
13
N/A
|
7
-46%
|
25
+244%
|
24
-4%
|
15
-38%
|
4
-74%
|
(18)
N/A
|
0
N/A
|
(3)
N/A
|
8
N/A
|
36
+365%
|
33
-9%
|
54
+65%
|
50
-7%
|
16
-68%
|
(19)
N/A
|
(45)
-139%
|
(47)
-2%
|
(66)
-42%
|
(42)
+36%
|
(33)
+23%
|
(33)
-2%
|
3
N/A
|
(3)
N/A
|
(1)
+54%
|