Atlantic American Corporation (AAME) Cash Flow Statement
Where AAME’s cash came from and went, 2024
December 31, 2024 · U.S. dollars- Cash from operations
- $4.8M +83.1% vs 2023
- Capital expenditures
- $225,000 0.1% of revenue
- Free cash flow
- $4.6M 2.4% margin
- Returned to shareholders
- $814,000 18% of free cash flow
- Change in cash
- $7.3M cash at year-end $35.6M
Drawn to scale: where the cash came from and how it was used. Hover for values.
AAME operating cash flow, capex and free cash flow
AAME cash flow trends, 2015–2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $2.2M2015 | $4.8M2024 | +9.0%/yr | |
| Capital expenditures | $322,0002015 | $225,0002024 | −3.9%/yr | |
| Free cash flow | $1.9M2015 | $4.6M2024 | +10.3%/yr | |
| Free cash flow margin | 1.1%2015 | 2.4%2024 | +1.3 pts | |
| Operating cash flow / net income | 0.502015 | 4.232022 | +3.73 | |
| Stock-based compensation | $365,0002015 | $11,0002024 | −32.2%/yr | |
| Dividends paid | $811,0002015 | $807,0002024 | −0.1%/yr | |
| Share buybacks (net) | $997,0002015 | $7,0002024 | −42.4%/yr | |
| Capex / revenue | 0.2%2015 | 0.1%2024 | −0.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AAME cash flow by activity
AAME net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
AAME cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$4.3M | −$171,000 | $1.5M | $4.3M | $12.2M | −$386,000 | −$704,000 | $4.5M | $2.6M | $4.4M |
| Depreciation & amortization | $366,000 | $652,000 | $890,000 | $1.0M | $980,000 | $996,000 | $987,000 | $1.4M | $1.2M | $1.1M |
| Stock-based compensation | $11,000 | $119,000 | $134,000 | $211,000 | $437,000 | $353,000 | $244,000 | $495,000 | $586,000 | $365,000 |
| Change in working capital | $13.2M | $4.6M | $2.9M | $3.7M | $443,000 | $11.6M | $3.0M | $10.4M | $576,000 | $2.0M |
| Other non-cash items | −$4.5M | −$2.6M | $966,000 | −$8.1M | −$5.1M | −$14.4M | $915,000 | −$14.2M | −$3.7M | −$5.7M |
| Cash from operating activities | $4.8M | $2.6M | $6.5M | $1.1M | $9.0M | −$1.8M | $4.5M | $2.6M | $1.3M | $2.2M |
| Investing activities | ||||||||||
| Capital expenditures | −$225,000 | −$80,000 | −$126,000 | −$107,000 | −$233,000 | −$69,000 | −$281,000 | −$103,000 | −$396,000 | −$322,000 |
| Investments (net) | $2.3M | −$3.4M | −$3.4M | $5.4M | −$2.1M | −$124.0M | −$49.6M | $10.1M | −$2.2M | −$85.8M |
| Acquisitions & other investing | $225,000 | $80,000 | $126,000 | $0 | $233,000 | $127.1M | $35.0M | $103,000 | $396,000 | $84.9M |
| Cash from investing activities | $2.3M | −$3.4M | −$3.4M | $5.3M | −$2.1M | $3.0M | −$14.8M | $10.1M | −$2.2M | −$1.2M |
| Financing activities | ||||||||||
| Dividends paid | −$807,000 | −$807,000 | −$807,000 | −$807,000 | −$399,000 | −$802,000 | −$806,000 | −$807,000 | −$807,000 | −$811,000 |
| Share repurchases & issuance (net) | −$7,000 | −$12,000 | −$108,000 | −$153,000 | −$91,000 | −$71,000 | −$820,000 | −$692,000 | −$698,000 | −$997,000 |
| Net borrowing (repayment) | $1.0M | $1.0M | $2.0M | $0 | — | — | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $36,000 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $6,000 | $9,000 | −$66,000 | $0 | $32,000 | $51,000 | $47,000 |
| Cash from financing activities | $186,000 | $181,000 | $1.1M | −$954,000 | −$481,000 | −$939,000 | −$1.6M | −$1.5M | −$1.5M | −$1.8M |
| Summary | ||||||||||
| Net change in cash | $7.3M | −$562,000 | $4.1M | $5.4M | $6.4M | $263,000 | −$11.9M | $11.3M | −$2.4M | −$753,000 |
| Cash at end of period | $35.6M | $28.3M | $28.9M | $24.8M | $19.3M | $12.9M | $12.6M | $24.5M | $13.3M | $15.6M |
| Free cash flow | $4.6M | $2.5M | $6.3M | $981,000 | $8.7M | −$1.9M | $4.2M | $2.5M | $920,000 | $1.9M |
| Free cash flow margin | 2.4% | 1.4% | 3.4% | 0.5% | 4.5% | −0.9% | 2.3% | 1.4% | 0.6% | 1.1% |
| Capex / revenue | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% | 0.0% | 0.2% | 0.1% | 0.2% | 0.2% |
| Operating cash flow / net income | — | — | 4.23 | 0.25 | 0.74 | — | — | 0.58 | 0.50 | 0.50 |
| Sep '26 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||
| Net income | $1.3M | $577,000 | $3.3M | $802,000 | $412,000 | −$2.0M | −$684,000 | −$2.0M | $1.8M | $1.7M | $1.0M |
| Depreciation & amortization | $18.5M | $97,000 | $103,000 | $77,000 | $69,000 | $59,000 | $125,000 | $113,000 | $164,000 | $169,000 | $207,000 |
| Stock-based compensation | — | $0 | $0 | $2,000 | $2,000 | $3,000 | $1,000 | $5,000 | $17,000 | $26,000 | $42,000 |
| Change in working capital | $7.0M | $5.6M | $8.3M | −$899,000 | $11.0M | $424,000 | $1.6M | $125,000 | −$154,000 | $3.5M | $7.6M |
| Other non-cash items | −$9.1M | $369,000 | −$2.5M | −$704,000 | −$1.9M | $1.6M | −$631,000 | −$3.6M | −$433,000 | $1.2M | −$175,000 |
| Cash from operating activities | $17.7M | $6.6M | $9.3M | −$722,000 | $9.6M | $90,000 | $416,000 | −$5.3M | $1.4M | $6.7M | $8.7M |
| Investing activities | |||||||||||
| Capital expenditures | −$1,000 | −$31,000 | −$170,000 | −$264,000 | −$99,000 | −$32,000 | −$55,000 | −$39,000 | −$7,000 | −$9,000 | −$14,000 |
| Investments (net) | — | −$18.6M | $1.6M | $1.1M | $3.3M | $1.7M | $15,000 | −$2.8M | −$1.3M | $4.0M | −$4.7M |
| Acquisitions & other investing | −$9.1M | $31,000 | $170,000 | $264,000 | $99,000 | $32,000 | $55,000 | $39,000 | $7,000 | $9,000 | $8.7M |
| Cash from investing activities | −$9.1M | −$18.6M | $1.6M | $1.1M | $3.3M | $1.7M | $15,000 | −$2.8M | −$1.3M | $4.0M | $4.0M |
| Financing activities | |||||||||||
| Dividends paid | −$8,000 | $0 | −$407,000 | — | −$400,000 | $0 | −$407,000 | −$399,000 | −$408,000 | — | −$399,000 |
| Share repurchases & issuance (net) | −$4,000 | $4,000 | — | −$4,000 | — | $7,000 | — | −$7,000 | — | −$6,000 | $108,000 |
| Net borrowing (repayment) | — | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $612,000 | −$4,000 | $0 | $0 | $0 | −$7,000 | $0 | $1.4M | $0 | $0 | $892,000 |
| Cash from financing activities | $600,000 | $0 | −$407,000 | −$4,000 | −$400,000 | $0 | −$407,000 | $993,000 | −$408,000 | −$6,000 | $601,000 |
| Summary | |||||||||||
| Net change in cash | $9.2M | −$12.0M | $10.5M | $333,000 | $12.5M | $1.8M | $24,000 | −$7.1M | −$326,000 | $10.7M | $7.0M |
| Cash at end of period | $43.6M | $34.4M | $46.4M | $35.9M | $35.6M | $23.0M | $21.2M | $21.2M | $23.9M | $24.2M | $28.9M |
| Free cash flow | $17.7M | $6.6M | $9.1M | −$986,000 | $9.5M | $58,000 | $361,000 | −$5.4M | $1.3M | $6.7M | $8.7M |
| Free cash flow margin | — | 12.3% | 16.5% | −2.0% | 19.4% | 0.1% | 0.8% | −11.4% | 3.0% | 13.6% | 18.8% |
| Capex / revenue | — | 0.1% | 0.3% | 0.5% | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | 13.37 | 11.51 | 2.80 | −0.90 | 23.33 | — | — | — | 0.77 | 3.85 | 8.32 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
AAME cash generation
In fiscal 2024 (ended December 31, 2024), Atlantic American generated $4.8 million of cash from operations (up 83.1%) and spent $0.2 million on capital expenditures, leaving free cash flow of $4.6 million, 2.4% of revenue. It returned $0.8 million to shareholders through dividends ($0.8 million) and net share buybacks ($0.0 million). Cash and equivalents rose by $7.3 million over the year.
Related: AAME income statement, AAME balance sheet, AAME dividend history. See the AAME stock overview for the latest quote and news.
AAME cash flow FAQ
What is Atlantic American's free cash flow?
Atlantic American's free cash flow was $4.6 million in fiscal 2024: $4.8 million of operating cash flow minus $0.2 million of capital expenditures It was $2.5 million a year earlier..
How much cash does Atlantic American generate from operations?
Atlantic American generated $4.8 million of cash from operating activities in fiscal 2024.
How much does Atlantic American spend on capital expenditures?
Atlantic American spent $0.2 million on capital expenditures in fiscal 2024, 0.1% of revenue, compared with $0.1 million the year before.
How much stock does Atlantic American buy back?
Atlantic American spent $0.0 million on net share repurchases in fiscal 2024.
How much does Atlantic American pay in dividends?
Atlantic American paid $0.8 million in dividends in fiscal 2024, 17.6% of free cash flow.