Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of PartnerRe.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $21.74M | $275.76M | $275.85M | $65.18M | $9.23M |
| Cost of Revenue | $12.91M | $144.21M | $169.72M | $38.83M | $6.52M |
| Gross Profit | $8.83M | $131.55M | $106.13M | $26.34M | $2.72M |
| Gross Profit Ratio | 40.61% | 47.71% | 38.47% | 40.42% | 29.41% |
| Research and Development Expenses | $11.66M | $15.52M | $10.56M | $2.78M | $2.99M |
| General and Administrative Expenses | $41.44M | $96.06M | $83.99M | $16.62M | $13.19M |
| Selling and Marketing Expenses | $8.24M | $13.30M | $21.93M | $6.49M | $4.77M |
| Selling General and Administrative Expenses | $49.68M | $109.36M | $105.92M | $23.11M | $17.96M |
| Other Expenses | $-606.84K | $-149.23M | $-7.93K | $-513.86K | $40.15K |
| Operating Expenses | $60.74M | $124.88M | $116.48M | $25.38M | $20.94M |
| Cost and Expenses | $73.65M | $269.09M | $286.20M | $64.21M | $27.46M |
| Interest Income | $3.92M | $472.19K | $3.98K | $8.04K | $15.51K |
| Interest Expense | $119.66K | $3.99M | $228.18K | $59.57K | $69.39K |
| Depreciation and Amortization | $7.79M | $7.54M | $7.35M | $2.43M | $2.23M |
| EBITDA | $-47.90M | $-214.28M | $-157.70M | $-1.42M | $-18.57M |
| EBITDA Ratio | -220.29% | -77.71% | -57.17% | -2.17% | -201.11% |
| Operating Income | $-51.91M | $207.42M | $-10.35M | $967.46K | $-18.23M |
| Operating Income Ratio | -238.73% | 75.22% | -3.75% | 1.48% | -197.44% |
| Total Other Income Expenses Net | $-4.76M | $-159.80M | $-159.89M | $-2.91M | $-69.39K |
| Income Before Tax | $-56.67M | $-183.31M | $-170.28M | $-3.90M | $-20.87M |
| Income Before Tax Ratio | -260.64% | -66.47% | -61.73% | -5.99% | -226.06% |
| Income Tax Expense | $-269.36K | $7.15M | $3.73M | $-1.94M | $-677.47K |
| Net Income | $-62.72M | $-190.45M | $-174.02M | $-1.96M | $-20.20M |
| Net Income Ratio | -288.48% | -69.06% | -63.08% | -3.01% | -218.73% |
| EPS | $-5.58 | $-37.57 | $-14.77 | $-0.27 | $-2.73 |
| EPS Diluted | $-5.58 | $-37.57 | $-14.77 | $-0.27 | $-2.73 |
| Weighted Average Shares Outstanding | 11.25M | 5.07M | 11.78M | 7.40M | 7.40M |
| Weighted Average Shares Outstanding Diluted | 11.25M | 5.07M | 11.78M | 7.40M | 7.40M |
| SEC Filing | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $45.71M | $146.66M | $35.29M | $14.49M | $11.52M |
| Short Term Investments | $27.03M | $17.54M | $9.91M | $314.71K | $294.06K |
| Cash and Short Term Investments | $72.74M | $164.20M | $45.19M | $14.49M | $11.82M |
| Net Receivables | $5.16M | $41.69M | $47.46M | $23.10M | $2.89M |
| Inventory | $3.13M | $4.86M | $6.83M | $4.50M | $547.85K |
| Other Current Assets | $4.32M | $30.27M | $7.41M | $1.87M | $374.36K |
| Total Current Assets | $93.66M | $242.14M | $106.89M | $43.96M | $15.63M |
| Property Plant Equipment Net | $5.78M | $13.10M | $13.04M | $4.69M | $2.11M |
| Goodwill | $29.17M | $32.83M | $3.98M | $3.99M | $3.85M |
| Intangible Assets | $13.42M | $11.28M | $23.83M | $24.10M | $6.27M |
| Goodwill and Intangible Assets | $42.59M | $44.10M | $27.80M | $28.09M | $10.12M |
| Long Term Investments | $107.84M | $788.47K | $- | $- | $1.66M |
| Tax Assets | $27.68K | $243.45K | $79.70K | $1.95M | $- |
| Other Non-Current Assets | $4.27M | $7.60M | $693.55K | $193.58K | $161.00K |
| Total Non-Current Assets | $160.51M | $65.84M | $41.61M | $34.93M | $14.06M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $254.17M | $307.98M | $148.51M | $78.88M | $29.69M |
| Account Payables | $1.67M | $7.29M | $9.98M | $13.44M | $2.76M |
| Short Term Debt | $1.50M | $2.88M | $1.67M | $865.28K | $555.75K |
| Tax Payables | $7.40M | $8.60M | $3.12M | $1.82M | $- |
| Deferred Revenue | $6.11M | $5.67M | $9.59M | $7.05M | $- |
| Other Current Liabilities | $22.80M | $32.75M | $34.39M | $30.95M | $8.59M |
| Total Current Liabilities | $39.48M | $57.20M | $58.74M | $47.07M | $11.90M |
| Long Term Debt | $867.22K | $3.76M | $3.60M | $804.57K | $899.55K |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $2.61M | $2.46M | $659.50K | $- | $- |
| Other Non-Current Liabilities | $1.05M | $6.98M | $486.40M | $- | $31.01K |
| Total Non-Current Liabilities | $4.53M | $10.74M | $490.66M | $804.57K | $930.56K |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $44.01M | $67.94M | $549.40M | $47.88M | $12.83M |
| Preferred Stock | $- | $408.03M | $217.56M | $37.89M | $- |
| Common Stock | $18.31K | $13.70K | $1.49K | $53.24M | $45.69M |
| Retained Earnings | $-470.77M | $-408.04M | $-217.59M | $-43.58M | $-41.64M |
| Accumulated Other Comprehensive Income Loss | $-176.03M | $237.05M | $-400.81M | $-22.16M | $12.86M |
| Other Total Stockholders Equity | $853.14M | $830.78M | $-217.56M | $-5.69M | $- |
| Total Stockholders Equity | $206.36M | $237.06M | $-400.81M | $31.08M | $16.91M |
| Total Equity | $210.16M | $240.04M | $-400.89M | $31.01M | $16.85M |
| Total Liabilities and Stockholders Equity | $254.17M | $307.98M | $148.51M | $78.88M | $29.69M |
| Minority Interest | $3.80M | $2.97M | $-84.97K | $-77.41K | $-53.21K |
| Total Liabilities and Total Equity | $254.17M | $307.98M | $148.51M | $78.88M | $29.69M |
| Total Investments | $134.87M | $18.33M | $9.91M | $314.71K | $1.95M |
| Total Debt | $2.37M | $6.65M | $5.27M | $1.67M | $899.55K |
| Net Debt | $-43.34M | $-140.01M | $-30.02M | $-12.82M | $-10.62M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-64.78M | $-190.45M | $-174.02M | $-1.96M | $-20.20M |
| Depreciation and Amortization | $7.79M | $7.54M | $7.35M | $2.43M | $2.23M |
| Deferred Income Tax | $-385.84K | $7.15M | $3.73M | $-1.94M | $-677.47K |
| Stock Based Compensation | $10.59M | $31.58M | $22.49M | $1.62M | $3.91M |
| Change in Working Capital | $24.21M | $-33.76M | $-6.59M | $-7.79M | $10.21M |
| Accounts Receivables | $37.63M | $6.97M | $-24.05M | $-20.09M | $1.83M |
| Inventory | $-1.73M | $1.26M | $-2.33M | $-3.75M | $415.69K |
| Accounts Payables | $-5.62M | $-2.63M | $-3.46M | $9.71M | $1.71M |
| Other Working Capital | $-6.08M | $-39.36M | $23.25M | $6.34M | $6.25M |
| Other Non Cash Items | $8.80M | $192.46M | $160.45M | $4.77M | $2.64M |
| Net Cash Provided by Operating Activities | $-13.76M | $14.51M | $13.42M | $-2.88M | $-1.88M |
| Investments in Property Plant and Equipment | $-345.29K | $-6.34M | $-11.41M | $-3.06M | $-373.86K |
| Acquisitions Net | $- | $-3.42M | $713.52K | $-2.93M | $-4.24M |
| Purchases of Investments | $-26.00M | $-39.92M | $-10.00M | $- | $- |
| Sales Maturities of Investments | $19.92M | $3.00M | $-713.52K | $- | $- |
| Other Investing Activities | $-76.52M | $531.99K | $-609.32K | $14.75K | $12.43K |
| Net Cash Used for Investing Activities | $-82.95M | $-46.14M | $-22.02M | $-5.97M | $-4.60M |
| Debt Repayment | $-3.23M | $-1.88M | $-1.30M | $-610.93K | $-503.58K |
| Common Stock Issued | $2.17K | $116.86K | $25.97M | $- | $- |
| Common Stock Repurchased | $-1.23M | $-661.52K | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-241.50K | $145.74M | $30.62M | $12.45M | $-65.55K |
| Net Cash Used Provided by Financing Activities | $-4.70M | $143.32M | $29.32M | $11.84M | $-569.14K |
| Effect of Forex Changes on Cash | $467.93K | $-317.47K | $87.21K | $-19.93K | $-209.93K |
| Net Change in Cash | $-100.95M | $111.37M | $20.80M | $2.97M | $-7.26M |
| Cash at End of Period | $45.71M | $146.66M | $35.29M | $14.49M | $11.52M |
| Cash at Beginning of Period | $146.66M | $35.29M | $14.49M | $11.52M | $18.78M |
| Operating Cash Flow | $-13.76M | $14.51M | $13.42M | $-2.88M | $-1.88M |
| Capital Expenditure | $-911.81K | $-6.34M | $-11.41M | $-3.06M | $-373.86K |
| Free Cash Flow | $-14.68M | $8.17M | $2.00M | $-5.94M | $-2.26M |