For the quarter ending 2025-09-30, BWIN had -$57,758K decrease in cash & cash equivalents over the period. $32,153K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Loss on interest rate caps | - | -18 |
| Net loss | -30,237 | 19,757 |
| Depreciation and amortization | 32,043 | 55,117 |
| Change in fair value of contingent consideration | 1,980 | 6,104 |
| Share-based compensation expense | 22,017 | 29,755 |
| Payment of contingent earnout consideration in excess of purchase price accrual | 0 | 85,090 |
| Gain on divestitures | 0 | 290 |
| Amortization of deferred financing costs | 1,423 | 2,843 |
| Loss on extinguishment of debt | -26 | 0 |
| Other operating activity | 1,579 | -748 |
| Assumed premiums, commissions and fees receivable, net | -4,504 | 53,896 |
| Prepaid expenses and other current assets | 2,639 | 4,916 |
| Right-of-use assets | 4,097 | 7,950 |
| Accounts payable, accrued expenses and other current liabilities | 14,829 | -19,727 |
| Colleague earnout incentives | -989 | -31,824 |
| Operating lease liabilities | -4,440 | -7,253 |
| Net cash provided by (used in) operating activities | 41,017 | -80,704 |
| Capital expenditures | 8,864 | 20,310 |
| Cash consideration paid for business combinations, net of cash received | 73,812 | 11,699 |
| Proceeds from divestitures, net of cash transferred | 0 | 1,901 |
| Investments in and loans for business ventures | 700 | 15,633 |
| Cash consideration paid for asset acquisitions | 0 | 460 |
| Proceeds from repayment of related party loans | 0 | 0 |
| Net cash provided by (used in) investing activities | -83,376 | -46,201 |
| Change in fiduciary receivables and liabilities, net | 41,786 | -55,283 |
| Payment of contingent earnout consideration up to amount of purchase price accrual | 0 | 64,256 |
| Proceeds from revolving line of credit | 93,000 | 121,000 |
| Payments on revolving line of credit | 139,000 | 9,000 |
| Proceeds from refinancing of long-term debt | 1,006,121 | 935,800 |
| Payments relating to extinguishment and modification of long-term debt | 931,121 | 835,800 |
| Payments on long-term debt | 2,515 | 4,679 |
| Payments of deferred financing costs | 92 | 0 |
| Tax distributions to baldwin holdings llc members | 0 | 0 |
| Other financing activity | -6 | -510 |
| Net cash provided by financing activities | -15,399 | 197,838 |
| Net increase in cash and cash equivalents and fiduciary cash | -57,758 | 70,933 |
| Cash and cash equivalents at beginning of period | 312,769 | - |
| Cash and cash equivalents at end of period | 325,944 | - |
Baldwin Insurance Group, Inc. (BWIN)
Baldwin Insurance Group, Inc. (BWIN)