Cash Flow Statement

Currency: USD

	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022
Operating Cash Flow
Net Income	32	30	99	91	88	89	26	19	25	26	27	(66)
Depreciation & Amortization	1	1	2	3	5	6	7	7	7	7	7	7
Change in Deffered Taxes	(1)	(0)	(0)	(0)	(1)	(2)	(3)	(2)	(1)	(1)	1	(2)
Other Non-Cash Items	(8)	(9)	(77)	(75)	(68)	(69)	(0)	(1)	(8)	(6)	(10)	68
Cash Taxes Paid	0	0	6	9	9	17	11	7	8	4	7	9
Cash Interest Paid	0	1	1	2	2	2	2	2	1	2	2	3
Change in Working Capital	25	48	46	31	17	16	42	71	83	85	93	102
Cash from Operating Activities	50 N/A	69 +38%	70 +1%	50 -28%	40 -21%	41 +4%	71 +73%	94 +33%	106 +12%	112 +5%	117 +5%	109 -7%
Investing Cash Flow
Capital Expenditures	(1)	(1)	(1)	(1)	(0)	(0)	(0)	(0)	(1)	(1)	(1)	(0)
Other Items	(21)	(9)	3	(19)	(28)	(92)	(110)	(120)	(136)	(122)	(203)	(175)
Cash from Investing Activities	(22) N/A	(10) +54%	2 N/A	(20) N/A	(28) -38%	(92) -229%	(110) -19%	(120) -9%	(137) -14%	(123) +10%	(204) -66%	(175) +14%
Financing Cash Flow
Net Issuance of Common Stock	0	0	93	95	0	0	0	0	0	0	0	0
Net Issuance of Debt	(5)	10	(10)	(17)	(17)	(29)	(9)	(1)	(2)	(2)	47	47
Cash Paid for Dividends	(0)	(0)	(0)	(0)	0	0	0	0	0	0	0	0
Other	0	(20)	(26)	(26)	0	(6)	(0)	(0)	(0)	(0)	(1)	(1)
Cash from Financing Activities	(8) N/A	(12) -53%	56 N/A	51 -8%	52 +0%	60 +16%	(9) N/A	(1) +85%	(2) -14%	(2) +0%	46 N/A	46 0%
Change in Cash
Net Change in Cash	20 N/A	47 +131%	128 +174%	81 -37%	63 -22%	9 -86%	(48) N/A	(27) +43%	(33) -20%	(13) +61%	(41) -217%	(21) +48%
Free Cash Flow
Free Cash Flow	49 N/A	69 +39%	69 +0%	49 -29%	39 -20%	41 +4%	71 +74%	94 +32%	106 +12%	111 +5%	117 +5%	109 -7%

Trean Insurance Group Inc
NASDAQ:TIG