Financial Statements

E-L Financial Corporation Limited (ELF.TO)

$1088.99

+18.99 (+1.77%)

Cash Flow Statement

All numbers are in thousands
Year XLSX
2023
XLSX
2022
XLSX
2021
XLSX
2020
XLSX
2019
Operating Cash Flow 752,578397,831348,104329,075416,527
Net Income 933,177-327,3131,281,992603,512861,682
Depreciation & Amortization 9,11638,13214,41212,27411,030
Deferred income taxes 104,938-98,37439,51260,61471,597
Stock-based compensation -123,170-38,132398427305
Change in working capital 83,974-1,617,929-140,203763,288779,417
Other non-cash items -255,4572,441,447-848,007-1,111,040-1,307,504
Investing Cash Flow -425,142-437,237202,90940,118-345,454
Investments in PPE -16,682-16,880-3,685-7,861-12,682
Acquisitions 16,68216,8803,6857,86112,682
Investment purchases -3,812,749-4,062,166-5,465,502-3,080,098-3,520,579
Sales/Maturities of investments 3,404,2893,618,3665,617,6333,107,7303,168,411
Other Investing Activites -16,6826,56350,77812,4866,714
Financing Cash Flow -189,521-293,749-342,669-244,521-100,546
Debt repayment -169,799-100,000-200,000-60,000-25,000
Dividends payments -64,425-144,360-340,017-133,364-35,647
Common Stock Repurchased -140,879-135,459-156,107-202,813-1,406
Common Stock Issuance 199,300-100,000372,417183,1981,406
Other Financing Activites -13,718186,070-18,962-31,542-39,899
Other working capital 83,974-1,617,929-140,203763,288779,417
Cash at beginning of period 302,946636,101427,757303,085332,558
Cash at end of period 440,861302,946636,101427,757303,085
Capital Expenditure -16,682-16,880-3,685-7,861-12,682
Net cash flow / Change in cash 137,915-333,155208,344124,672-29,473
Free Cash Flow 735,896380,951344,419321,214403,845

E-L Financial Corporation Limited income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes E-L Financial Corporation Limited FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.