XML 179 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net (loss) income $ (36.1) $ 179.9
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities    
Share-based compensation expense 7.8 9.0
Depreciation and amortization 41.1 38.7
Amortization of deferred financing costs and debt discount 13.9 7.4
Amortization of (discount) premium on investments 8.5 6.2
Gain on sale and deconsolidation of subsidiary 0.0 (105.1)
Gain on bargain purchase (1.1) (115.4)
Income from equity investees (2.2) (15.4)
Asset impairment expense 55.0 1.0
Net realized and unrealized gains on investments (9.0) (28.8)
Receipt of dividends from equity investees 9.8 19.8
Deferred income taxes (28.1) (2.6)
Annuity benefits 9.8 6.6
Other operating activities 0.3 10.1
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 52.4 (30.2)
Recoverable from reinsurers 4.4 238.8
Other assets 5.2 (26.1)
Life, accident and health reserves 45.1 126.7
Accounts payable and other current liabilities (29.6) 6.6
Other liabilities (36.7) 14.2
Cash provided by operating activities 110.5 341.4
Cash flows from investing activities    
Purchase of property, plant and equipment (41.4) (39.7)
Disposal of property, plant and equipment 4.6 5.9
Purchase of investments (1,060.1) (1,184.6)
Sale of investments 748.7 248.8
Maturities and redemptions of investments 123.5 82.3
Cash received from dispositions, net 13.5 92.0
Cash received from (paid for) acquisitions, net (60.7) 572.1
Other investing activities 8.2 (1.4)
Cash used in investing activities (263.7) (224.6)
Cash flows from financing activities    
Proceeds from debt obligations 123.9 850.6
Principal payments on debt obligations (44.5) (697.0)
Cash received by subsidiary to issue preferred stock 8.9 0.0
Cash paid by subsidiary to purchase HC2 preferred stock (8.3) (5.8)
Annuity receipts 2.2 2.4
Annuity surrenders (18.1) (19.2)
Transactions with noncontrolling interests 2.4 (12.3)
Other financing activities (4.1) (3.5)
Cash provided by financing activities 62.4 115.2
Effects of exchange rate changes on cash, cash equivalents and restricted cash 1.0 (0.5)
Net change in cash, cash equivalents and restricted cash (89.8) 231.5
Cash, cash equivalents and restricted cash, beginning of period 330.4 98.9
Cash, cash equivalents and restricted cash, end of period 240.6 330.4
Supplemental cash flow information:    
Cash paid for interest 75.9 69.9
Cash paid for taxes, net of refunds 7.9 13.1
Non-cash investing and financing activities:    
Property, plant and equipment included in accounts payable 7.3 2.9
Investments included in accounts payable $ 30.1 $ 0.3