Financial Statements

White Mountains Insurance Group Ltd

White Mountains Insurance Group Ltd (WTM)

$775.35
18.35 (+2.42%)

Income Statement

Quarter Data

Balance Sheet Statement

Quarter Data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Short-term debt -----------
Other Assets 781.00786.001,123.003,046.002,448.00538.004,897.403,606.403.303.303.00
Total current liabilities 10,735.0010,062.009,305.008,413.007,563.005,713.006,031.802,924.80142.90326.80438.20
Cash and cash equivalents 149.00148.00252.00213.00327.00350.00178.8080.2097.10110.30161.00
Long-term debt 1,051.00819.00671.00751.00676.00747.00337.6012.7023.80192.70283.50
Cash and short-term investments -----------
Total debt 1,051.00819.00671.00751.00676.00747.00337.6012.7023.80192.70283.50
Inventories -----------
Deferred revenue -1,140.30846.90924.10901.40955.30612.60658.00136.80176.00198.40
Goodwill and Intangible Assets -----366.0055.4019.3019.10157.60267.60
Total non-current liabilities 1,051.00819.00671.00751.00676.00747.00337.6012.7023.80192.70283.50
Total non-current assets -12,644.3012,476.9011,096.8010,141.908,688.009,676.405,878.003,487.803,179.003,769.20
Total liabilities 11,786.0010,881.009,976.009,164.008,239.006,460.006,369.402,937.50166.70519.50721.70
Total assets 15,443.0014,534.0014,064.0012,895.0012,144.0010,457.0010,282.606,520.203,659.203,362.603,983.20
Other comprehensive income 6.0060.0037.0074.0093.00-84.00-149.90-4.60-1.30-5.80-7.20
Short-term investments -----------
Property, Plant & Equipment Net ----------22.60
Net Debt 902.00671.00419.00538.00349.00397.00158.80-67.50-73.3082.40122.50
Investments 9,577.009,122.008,543.007,666.007,514.007,301.004,271.102,714.403,380.702,542.902,947.20
Total shareholders equity 3,657.003,653.004,088.003,732.003,906.003,997.003,913.203,582.703,492.502,843.103,261.50
Retained earnings (deficit) 2,216.002,176.002,790.002,543.002,802.003,011.003,084.902,776.602,823.202,264.902,672.40
Long-term investments 9,577.009,122.008,543.007,666.007,514.007,301.004,271.102,714.403,380.702,542.902,947.20
Receivables -----------
Payables -----------
Total current assets -----------

Cash Flow Statement

Quarter Data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Operating Cash Flow -46.7056.00-189.60-223.80-101.00118.80-66.00-155.1094.60-31.10-120.50
Free Cash Flow -58.0048.20-195.10-226.10-114.10118.80-66.00-155.1094.60-31.10-120.50
Capital Expenditure -11.30-7.80-5.50-2.30-13.10------
Depreciation & Amortization -----36.400.8016.7018.2021.5026.70
Acquisitions and disposals -11.0055.00-14.00-5.0017.00-12.0032.00-4.00-4.00-4.00-3.00
Deferred income taxes 172.3056.50-80.60-16.8039.70-22.5011.30-12.50-11.40-8.4024.80
Investment purchases -193.00-340.70-318.80-669.10-79.80-265.20-346.60-920.80-798.70-607.80-177.70
Accounts payables -1.0047.00-22.407.50-62.10-4.6035.70-27.60-
Sales/Maturities of investments 2,390.002,878.00150.706,040.003,879.00102.9084.7028.9029.405.0029.40
Change in working capital -774.20-172.80-193.90-249.40-511.0026.70-207.60-87.00-99.60120.40-497.10
Debt repayment -242.00-14.00--75.00-275.00-66.50-95.60-404.60-365.00-15.40-22.90
Other non-cash items -24.30-22.70-710.00-145.3043.80-211.80-147.20-481.30-405.7026.80-51.50
Investing Cash Flow 365.10485.30799.60829.60401.8047.90111.801,276.80718.50459.20-59.90
Cash at beginning of period 410.00149.00148.00252.00213.00327.00350.00178.8080.2097.10110.30
Stock-based compensation ---12.0014.203.002.002.7018.2011.7010.30
Net cash flow / Change in cash -35.00-0.80148.30-39.30114.1022.80-74.80173.30114.1013.2050.70
Effect of forex changes on cash 6.808.10-1.503.10-0.20-----0.600.60
Financing Cash Flow -360.20-550.20-460.20-648.20-186.50-129.60-120.60-948.40-699.00-414.30230.50
Dividend payments -8.90-8.80-8.00-6.60-6.20-6.20-6.00-5.40-4.60-3.80-3.20
Accounts receivables 86.00-1.00-47.0022.40-7.5062.104.60-35.70--27.60-
Cash at end of period 375.00148.20296.30212.70327.10349.80275.20352.10194.30110.30161.00
Net cash provided by operating activities -46.7056.00-189.60-223.80-101.00118.80-66.00-155.1094.60-31.10-120.50
Other working capital -12.00528.50517.00693.20966.60643.90-61.00-1,563.90-211.504.306.60
Inventory -----------

Retained Earning Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Retained Earnings (Previous Year) 1,7522,2162,1762,7902,5432,8023,0113,0852,7772,8232,265
Net Income 47087768207322313295402627-141415
Stock Dividends 3-118-146-448-57-98-215-705-576-413-4
Dividend Paid -9-9-8-7-6-6-6-5-5-4-3
Retained Earnings 2,2162,1762,7902,5432,8023,0113,0852,7772,8232,2652,672

PPE Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gross PPE -----------
Annual Depreciation 1186213-----23
Capital Expenditure -11-8-6-2-13------
Net PPE ----------23

Intangible and Goodwill Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Intangible and Goodwill (Previous Year) ------366551919158
New Purchases -193-341-319-669-80-265-347-921-799-608-178
Intangible and Goodwill -----366551919158268

White Mountains Insurance Group Ltd 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 White Mountains Insurance Group Ltd 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.