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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flow from operating activities:    
Net income (loss) $ 7,904 $ 24,015
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net realized and unrealized investment (gains) losses (5,050) (916)
Loss (gain) on early extinguishment of debt 3,575 0
Amortization of investment premium or discount, net 606 1,333
Depreciation and amortization 1,088 1,033
Share-based compensation 1,960 1,847
Changes in operating assets and liabilities:    
Prepaid reinsurance premiums (61,717) 1,207
Premiums receivable, net (10,141) 12,107
Reinsurance recoverable, net 8,549 (10,135)
Deferred acquisition costs (9,103) (6,502)
Income taxes, net (893) 9,051
Deferred revenue 1,654 (1,309)
Loss and loss adjustment expense reserves (9,282) (9,401)
Unearned premiums 35,401 1,906
Reinsurance payable 59,203 5,060
Other 2,632 (1,038)
Net cash provided by (used in) operating activities 26,386 28,258
Cash flow from investing activities:    
Proceeds from sales of equity securities 7,461 7,407
Proceeds from sales of debt securities 123,415 153,970
Purchases of equity securities 5,190 8,377
Purchases of debt securities (169,933) (254,110)
Maturities and redemptions of debt securities 29,158 86,935
Purchases of property and equipment (1,562) (1,002)
Net cash provided by (used in) investing activities (16,651) (15,177)
Cash flow from financing activities:    
Issuance of long-term debt, net of issuance costs 98,390 0
Payment of long-term debt and prepayment penalties (48,000) (5,000)
Purchase of non-controlling interest 0 (16,685)
Purchases of FedNat Holding Company common stock 0 (5,061)
Issuance of common stock for share-based awards 1 39
Dividends paid (3,131) (3,145)
Net cash provided by (used in) financing activities 47,260 (29,852)
Net increase (decrease) in cash and cash equivalents 56,995 (16,771)
Cash and cash equivalents at beginning-of-period 64,423 86,228
Cash and cash equivalents at end-of-period 121,418 69,457
Supplemental disclosure of cash flow information:    
Cash paid (received) during the period for interest 4,860 2,983
Cash paid (received) during the period for income taxes 2,729 $ (466)
Right-of-use asset (7,860)  
Lease liability $ 7,860