CRAWFORD & CO
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
CRD-A$12.00+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Year Ended December 31, | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net income (loss) | $26,529 | $30,260 | $(18,532) |
| Reconciliation of net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 36,195 | 35,742 | 36,098 |
| Goodwill impairment | — | — | 36,808 |
| Deferred income taxes | (2,534) | (12,279) | 7,397 |
| Stock-based compensation costs | 5,768 | 5,603 | 4,923 |
| Loss (gain) on disposal of property and equipment | 102 | 646 | (1,490) |
| Contingent earnout adjustments | (1,099) | 4,025 | 2,921 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Accounts receivable, net | (10,741) | 11,663 | (15,537) |
| Unbilled revenues, net | (13,691) | 11,879 | (19,319) |
| Accrued or prepaid income taxes | (2,140) | 13,063 | (7,444) |
| Accounts payable and accrued liabilities | 6,916 | (2,822) | (5,985) |
| Deferred revenues | (1,443) | 5,913 | (397) |
| Accrued retirement costs | 8,312 | 7,174 | (1,366) |
| Prepaid expenses and other operating activities | (555) | (7,077) | 9,557 |
| Net cash provided by operating activities | 51,619 | 103,790 | 27,634 |
| Cash Flows from Investing Activities: | |||
| Acquisitions of property and equipment | (6,210) | (4,890) | (6,838) |
| Capitalization of computer software costs | (35,437) | (31,706) | (27,761) |
| Cash proceeds from sale of property and equipment | — | — | 3,032 |
| Payments for business acquisitions, net of cash acquired | — | — | (26,309) |
| Net cash used in investing activities | (41,647) | (36,596) | (57,876) |
| Cash Flows from Financing Activities: | |||
| Cash dividends paid | (13,755) | (12,701) | (11,842) |
| Payments related to shares received for withholding taxes under employee stock-based compensation plans | (2,063) | (1,947) | (704) |
| Proceeds from shares purchased under employee stock-based compensation plans | 1,889 | 1,536 | 821 |
| Repurchases of common stock | (3,867) | (2,731) | (26,749) |
| Payments of contingent consideration on acquisitions | (3,348) | (7,060) | (2,118) |
| Increases in short-term and revolving credit facility borrowings | 70,197 | 37,578 | 106,481 |
| Payments on short-term and revolving credit facility borrowings | (61,576) | (69,066) | (39,025) |
| Payments on finance lease obligations | (240) | (60) | (59) |
| Other financing activities | (99) | (229) | (865) |
| Net cash (used in) provided by financing activities | (12,862) | (54,680) | 25,940 |
| Effects of exchange rate changes on cash and cash equivalents | (326) | 386 | (2,742) |
| (Decrease) increase in Cash, Cash Equivalents, and Restricted Cash | (3,216) | 12,900 | (7,044) |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | 59,545 | 46,645 | 53,689 |
| Cash, Cash Equivalents, and Restricted Cash at End of Year | $56,329 | $59,545 | $46,645 |
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