Cash Flow Statement

Currency: USD

	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024
Operating Cash Flow
Net Income	5	(7)	(61)	(46)	(57)	(32)	2	(29)	(7)	(13)	28	51
Depreciation & Amortization	16	19	22	29	28	31	34	41	43	45	46	43
Change in Deffered Taxes	3	3	3	4	3	3	3	3	4	5	3	1
Stock-Based Compensation	0	0	0	0	4	8	12	16	16	17	18	0
Other Non-Cash Items	7	10	42	12	24	32	3	40	37	35	23	31
Cash Taxes Paid	0	0	0	3	5	5	5	2	7	7	11	0
Cash Interest Paid	0	0	0	1	2	3	5	6	6	6	6	5
Change in Working Capital	50	65	36	52	35	17	13	3	(10)	23	34	54
Cash from Operating Activities	81 N/A	91 +12%	42 -53%	51 +21%	34 -34%	51 +48%	55 +10%	58 +5%	66 +14%	94 +42%	134 +42%	180 +35%
Investing Cash Flow
Capital Expenditures	(44)	(45)	(43)	(54)	(46)	(46)	(44)	(42)	(39)	(33)	(26)	(23)
Other Items	(23)	(26)	(26)	(47)	(41)	(49)	(47)	(43)	(31)	(14)	(26)	(23)
Cash from Investing Activities	(67) N/A	(71) -6%	(69) +2%	(101) -46%	(87) +14%	(95) -9%	(92) +4%	(85) +8%	(70) +18%	(46) +33%	(53) -14%	(46) +12%
Financing Cash Flow
Net Issuance of Common Stock	0	0	0	0	0	0	0	0	80	80	81	0
Net Issuance of Debt	51	70	67	48	0	18	(28)	(29)	(6)	(60)	22	4
Other	(8)	(4)	266	0	270	270	0	1	(0)	(0)	1	0
Cash from Financing Activities	43 N/A	67 +55%	332 +399%	313 -6%	270 -14%	288 +6%	(28) N/A	(28) +0%	73 N/A	20 -73%	103 +424%	85 -18%
Change in Cash
Effect of Foreign Exchange Rates	1	1	(0)	(1)	(2)	(2)	(1)	(0)	1	2	1	0
Net Change in Cash	59 N/A	87 +49%	305 +250%	263 -14%	216 -18%	241 +12%	(65) N/A	(55) +15%	71 N/A	69 -3%	185 +168%	219 +19%
Free Cash Flow
Free Cash Flow	37 N/A	46 +23%	(1) N/A	(3) -139%	(12) -354%	5 N/A	11 +123%	16 +46%	27 +68%	61 +129%	107 +75%	157 +47%

Hagerty Inc
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