W R Berkley Corp
NYSE:WRB
Cash Flow Statement
Cash Flow Statement
W R Berkley Corp
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 |
500
|
553
|
617
|
669
|
649
|
598
|
541
|
505
|
504
|
505
|
491
|
559
|
602
|
606
|
606
|
547
|
549
|
592
|
663
|
663
|
641
|
655
|
692
|
695
|
682
|
497
|
351
|
338
|
531
|
765
|
931
|
1 040
|
1 022
|
1 384
|
1 326
|
1 293
|
1 381
|
1 085
|
1 262
|
1 366
|
1 381
|
|
Depreciation & Amortization |
103
|
107
|
103
|
87
|
89
|
83
|
80
|
91
|
85
|
96
|
90
|
89
|
86
|
74
|
84
|
95
|
113
|
124
|
125
|
111
|
131
|
130
|
126
|
97
|
113
|
111
|
126
|
168
|
135
|
144
|
142
|
140
|
130
|
121
|
96
|
74
|
56
|
41
|
26
|
13
|
0
|
|
Change in Deffered Taxes |
56
|
104
|
111
|
93
|
31
|
5
|
72
|
100
|
47
|
50
|
7
|
56
|
9
|
13
|
(42)
|
(96)
|
(17)
|
(17)
|
(13)
|
(101)
|
(75)
|
(89)
|
(33)
|
9
|
7
|
(42)
|
14
|
(34)
|
(34)
|
26
|
(115)
|
(59)
|
8
|
84
|
22
|
(22)
|
(65)
|
(112)
|
(14)
|
96
|
(27)
|
|
Stock-Based Compensation |
24
|
25
|
25
|
27
|
28
|
30
|
29
|
31
|
32
|
33
|
35
|
35
|
37
|
39
|
42
|
42
|
40
|
39
|
38
|
37
|
37
|
42
|
44
|
47
|
49
|
46
|
48
|
49
|
50
|
50
|
47
|
48
|
47
|
46
|
48
|
46
|
49
|
50
|
50
|
51
|
51
|
|
Other Non-Cash Items |
(39)
|
(85)
|
(88)
|
(137)
|
(103)
|
(48)
|
(45)
|
(1)
|
(30)
|
(39)
|
(33)
|
(36)
|
(61)
|
(68)
|
(55)
|
(45)
|
(25)
|
(40)
|
(45)
|
(68)
|
(64)
|
(30)
|
(62)
|
(41)
|
(18)
|
(50)
|
55
|
58
|
(2)
|
1
|
(121)
|
(165)
|
(165)
|
(178)
|
(149)
|
(122)
|
(92)
|
(42)
|
(8)
|
23
|
16
|
|
Cash Taxes Paid |
186
|
170
|
201
|
191
|
314
|
0
|
0
|
0
|
165
|
0
|
0
|
0
|
232
|
0
|
0
|
0
|
207
|
0
|
0
|
0
|
186
|
0
|
0
|
0
|
125
|
0
|
0
|
0
|
103
|
0
|
177
|
244 029
|
244
|
244
|
250
|
(243 521)
|
295
|
295
|
270
|
211
|
332
|
|
Cash Interest Paid |
125
|
120
|
119
|
120
|
120
|
0
|
0
|
0
|
130
|
0
|
0
|
0
|
137
|
0
|
0
|
0
|
145
|
0
|
0
|
0
|
155
|
0
|
0
|
0
|
160
|
0
|
0
|
0
|
155
|
0
|
72
|
119 381
|
141
|
194
|
144
|
(119 124)
|
138
|
126
|
126
|
102
|
114
|
|
Change in Working Capital |
199
|
169
|
17
|
57
|
69
|
15
|
165
|
86
|
275
|
350
|
327
|
320
|
212
|
159
|
148
|
142
|
90
|
(44)
|
(124)
|
(73)
|
(13)
|
53
|
181
|
313
|
359
|
702
|
774
|
956
|
987
|
840
|
896
|
1 048
|
1 189
|
940
|
1 199
|
1 209
|
1 288
|
1 565
|
1 451
|
1 528
|
1 559
|
|
Cash from Operating Activities |
820
N/A
|
848
+3%
|
761
-10%
|
768
+1%
|
735
-4%
|
653
-11%
|
813
+25%
|
780
-4%
|
881
+13%
|
961
+9%
|
881
-8%
|
988
+12%
|
848
-14%
|
783
-8%
|
741
-5%
|
644
-13%
|
711
+10%
|
615
-13%
|
605
-2%
|
532
-12%
|
620
+17%
|
719
+16%
|
903
+26%
|
1 073
+19%
|
1 144
+7%
|
1 218
+6%
|
1 321
+8%
|
1 486
+12%
|
1 617
+9%
|
1 775
+10%
|
1 733
-2%
|
2 004
+16%
|
2 184
+9%
|
2 351
+8%
|
2 494
+6%
|
2 433
-2%
|
2 569
+6%
|
2 536
-1%
|
2 717
+7%
|
3 026
+11%
|
2 929
-3%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(171)
|
(193)
|
(200)
|
(358)
|
(255)
|
(261)
|
(277)
|
(163)
|
(286)
|
(301)
|
(314)
|
(341)
|
(350)
|
(345)
|
(414)
|
(338)
|
(352)
|
(641)
|
(601)
|
(609)
|
(564)
|
(269)
|
(244)
|
(252)
|
(207)
|
(190)
|
(132)
|
(102)
|
(38)
|
(10)
|
(33)
|
(18)
|
(67)
|
(65)
|
(46)
|
(67)
|
(99)
|
(101)
|
(103)
|
(102)
|
(55)
|
|
Other Items |
(375)
|
(630)
|
(15)
|
(31)
|
(553)
|
(407)
|
(213)
|
(256)
|
116
|
19
|
(564)
|
(803)
|
(445)
|
(614)
|
(176)
|
(89)
|
18
|
446
|
275
|
183
|
(150)
|
(272)
|
(191)
|
(127)
|
(218)
|
(246)
|
531
|
235
|
158
|
(1 096)
|
(2 135)
|
(2 268)
|
(2 923)
|
(1 210)
|
(2 331)
|
(2 432)
|
(1 793)
|
(2 668)
|
(1 159)
|
(1 636)
|
(1 907)
|
|
Cash from Investing Activities |
(545)
N/A
|
(823)
-51%
|
(215)
+74%
|
(388)
-81%
|
(808)
-108%
|
(669)
+17%
|
(490)
+27%
|
(418)
+15%
|
(171)
+59%
|
(282)
-65%
|
(878)
-211%
|
(1 144)
-30%
|
(795)
+31%
|
(959)
-21%
|
(589)
+39%
|
(427)
+28%
|
(334)
+22%
|
(195)
+41%
|
(326)
-67%
|
(426)
-31%
|
(714)
-68%
|
(541)
+24%
|
(435)
+20%
|
(380)
+13%
|
(425)
-12%
|
(436)
-3%
|
399
N/A
|
133
-67%
|
120
-10%
|
(1 106)
N/A
|
(2 168)
-96%
|
(2 286)
-5%
|
(2 989)
-31%
|
(1 275)
+57%
|
(2 377)
-86%
|
(2 499)
-5%
|
(1 891)
+24%
|
(2 769)
-46%
|
(1 263)
+54%
|
(1 737)
-38%
|
(1 962)
-13%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
(166)
|
(359)
|
(332)
|
(364)
|
(239)
|
(138)
|
(260)
|
(226)
|
(224)
|
(170)
|
(43)
|
(100)
|
(132)
|
(95)
|
(95)
|
(61)
|
(48)
|
(55)
|
(55)
|
(26)
|
(25)
|
(18)
|
(18)
|
(18)
|
(18)
|
(224)
|
(317)
|
(330)
|
(346)
|
(171)
|
(77)
|
(157)
|
(122)
|
(93)
|
(93)
|
(7)
|
(94)
|
(230)
|
(522)
|
(518)
|
(537)
|
|
Net Issuance of Debt |
(119)
|
88
|
1
|
425
|
350
|
347
|
73
|
(357)
|
(272)
|
(192)
|
351
|
322
|
313
|
235
|
(39)
|
(5)
|
7
|
190
|
209
|
208
|
290
|
108
|
89
|
(357)
|
(165)
|
(161)
|
132
|
728
|
89
|
666
|
(27)
|
172
|
529
|
(477)
|
(79)
|
(424)
|
(430)
|
(5)
|
(5)
|
(6)
|
(1)
|
|
Cash Paid for Dividends |
(53)
|
(66)
|
(67)
|
(54)
|
(182)
|
(182)
|
(183)
|
(184)
|
(58)
|
(59)
|
(60)
|
(46)
|
(184)
|
(169)
|
(169)
|
(247)
|
(188)
|
(205)
|
(250)
|
(191)
|
(255)
|
(238)
|
(195)
|
(289)
|
(308)
|
(328)
|
(331)
|
(241)
|
(84)
|
(85)
|
(64)
|
(177)
|
(356)
|
(357)
|
(357)
|
(382)
|
(235)
|
(371)
|
(399)
|
(240)
|
(501)
|
|
Other |
7
|
1
|
2
|
1
|
0
|
(3)
|
(1)
|
(4)
|
(2)
|
3
|
(2)
|
0
|
(4)
|
(8)
|
(4)
|
(6)
|
(6)
|
(5)
|
(7)
|
(6)
|
(18)
|
(18)
|
(21)
|
(34)
|
(21)
|
(21)
|
(20)
|
(19)
|
(56)
|
(58)
|
(59)
|
(66)
|
(45)
|
(46)
|
(40)
|
(39)
|
(13)
|
(10)
|
(11)
|
(12)
|
(23)
|
|
Cash from Financing Activities |
(330)
N/A
|
(336)
-2%
|
(397)
-18%
|
8
N/A
|
(70)
N/A
|
25
N/A
|
(371)
N/A
|
(770)
-108%
|
(555)
+28%
|
(419)
+25%
|
245
N/A
|
177
-28%
|
(7)
N/A
|
(37)
-438%
|
(307)
-727%
|
(319)
-4%
|
(235)
+26%
|
(75)
+68%
|
(102)
-36%
|
(16)
+84%
|
(7)
+54%
|
(166)
-2 141%
|
(146)
+12%
|
(698)
-379%
|
(513)
+27%
|
(734)
-43%
|
(537)
+27%
|
138
N/A
|
(398)
N/A
|
352
N/A
|
(227)
N/A
|
(228)
0%
|
6
N/A
|
(974)
N/A
|
(569)
+42%
|
(851)
-50%
|
(772)
+9%
|
(616)
+20%
|
(937)
-52%
|
(776)
+17%
|
(1 062)
-37%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
(10)
|
9
|
36
|
(12)
|
(22)
|
(38)
|
(39)
|
(54)
|
(66)
|
(38)
|
(56)
|
(27)
|
(15)
|
(17)
|
(5)
|
3
|
13
|
3
|
(55)
|
(44)
|
(31)
|
(31)
|
24
|
(2)
|
0
|
(20)
|
(11)
|
3
|
10
|
29
|
22
|
7
|
(4)
|
(2)
|
(21)
|
(21)
|
(25)
|
(23)
|
(10)
|
2
|
9
|
|
Net Change in Cash |
(66)
N/A
|
(302)
-357%
|
184
N/A
|
376
+104%
|
(165)
N/A
|
(29)
+82%
|
(86)
-198%
|
(462)
-435%
|
89
N/A
|
223
+150%
|
192
-14%
|
(7)
N/A
|
32
N/A
|
(229)
N/A
|
(160)
+30%
|
(99)
+38%
|
155
N/A
|
348
+124%
|
123
-65%
|
45
-63%
|
(133)
N/A
|
(19)
+86%
|
347
N/A
|
(7)
N/A
|
206
N/A
|
28
-87%
|
1 173
+4 149%
|
1 759
+50%
|
1 349
-23%
|
1 050
-22%
|
(641)
N/A
|
(502)
+22%
|
(804)
-60%
|
100
N/A
|
(474)
N/A
|
(938)
-98%
|
(119)
+87%
|
(872)
-630%
|
507
N/A
|
515
+2%
|
(86)
N/A
|