For the year ending 2025-12-31, BWIN had $34,128K increase in cash & cash equivalents over the period. -$68,945K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -54,154 |
| Depreciation and amortization | 127,830 |
| Payment of contingent earnout consideration in excess of purchase price accrual | 85,784 |
| Share-based compensation expense | 71,113 |
| Change in fair value of contingent consideration | 5,594 |
| Amortization of deferred financing costs | 5,690 |
| Gain on divestitures | 290 |
| Loss on extinguishment of debt | -26 |
| Other operating activity | 602 |
| Assumed premiums, commissions and fees receivable, net | 45,062 |
| Prepaid expenses and other current assets | 9,660 |
| Right-of-use assets | -16,007 |
| Accounts payable, accrued expenses and other current liabilities | -11,220 |
| Colleague earnout incentives | -32,813 |
| Operating lease liabilities | -16,093 |
| Net cash provided by (used in) operating activities | -29,418 |
| Cash consideration paid for business combinations, net of cash received | 85,511 |
| Capital expenditures | 39,527 |
| Investments in and loans to business ventures | 16,679 |
| Proceeds from divestitures, net of cash transferred | 1,901 |
| Cash consideration paid for asset acquisitions | 460 |
| Proceeds from repayment of loans to business ventures | 0 |
| Net cash provided by (used in) investing activities | -140,276 |
| Change in fiduciary assets and liabilities, net | -504 |
| Payment of contingent earnout consideration up to amount of purchase price accrual | 66,171 |
| Proceeds from revolving line of credit | 263,000 |
| Payments on revolving line of credit | 156,000 |
| Proceeds from refinancing of long-term debt | 1,941,921 |
| Payments relating to extinguishment and modification of long-term debt | 1,766,921 |
| Payments on long-term debt | 7,194 |
| Payments of deferred financing costs | 164 |
| Proceeds from the sale and settlement of interest rate caps | 0 |
| Tax distributions to baldwin holdings' llc members | 0 |
| Other financing activity | -5,153 |
| Net cash provided by financing activities | 203,822 |
| Net increase (decrease) in cash and cash equivalents and fiduciary cash | 34,128 |
| Cash and cash equivalents and fiduciary cash at beginning of period | 312,769 |
| Cash and cash equivalents and fiduciary cash at end of period | 346,897 |
Baldwin Insurance Group, Inc. (BWIN)
Baldwin Insurance Group, Inc. (BWIN)