XML 26 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS PROVIDED BY (USED BY) OPERATING ACTIVITIES:    
Net income (loss) $ 124,669 $ 25,375
Adjustments to reconcile net income to net change in cash from operating activities:    
Gain on disposal of discontinued operations (109,447)  
Gain on sale of subsidiary to joint venture   (10,161)
Gain on disposition of assets   (5,053)
Amortization of deferred acquisition costs 245 3,446
Net realized investment gains (3,945) (2,991)
Net impairment losses recognized in earnings 1,475 228
Equity income from equity method investments 7 (579)
Depreciation and amortization 1,482 1,740
Deferred tax expense (benefits) 2,565 (7,070)
Other adjustments to reconcile net income 6,683 4,988
Changes in assets and liabilities:    
Net sales (purchases) of trading securities 3,180 160
Change in insurance liabilities (41,713) (17,627)
Change in deferred acquisisition costs (217) 26,827
Change in amount due from reinsurers 4,227 (203,570)
Change in premium and claim funds (4,835) (3,556)
Change in current income tax liability (6,550) 17,376
Change in due and unpaid premiums 11,621 (6,360)
Other operating activities (6,200) 656
Net change in cash from operating activities (16,753) (176,171)
CASH FLOWS PROVIDED BY (USED BY) INVESTING ACTIVITIES:    
Net sales (purchases) of short-term investments (8,104)  
Net sales (purchases) of securities under resale and repurchase agreements 17,003 5,708
Sales of equity securities 2,429 9,187
Purchases of equity securities   (4,423)
Sales of fixed maturities 335,562 601,187
Maturities and other repayments of fixed maturities 35,505 36,505
Purchases of fixed maturities (406,348) (491,069)
Acquisition of subsidiary, net of cash acquired   511
Proceeds from sales of subsidiaries, net of cash divested 137,115 3,524
Proceeds from sale of assets   8,000
Change in policy loans   10,629
Proceeds on sales of other investments 2,064  
Purchases of other investments (3,371)  
Other investing activites (3,433) (1,035)
Net change in cash from investing activities 108,422 178,724
CASH FLOWS PROVIDED BY (USED BY) FINANCING ACTIVITIES:    
Payments for repurchases of common stock (3,522) (1,722)
Cash paid in acquisitions of noncontrolling interests (18,141) (1,734)
Proceeds (withdrawals) of investment-type insurance contracts (1,447) (1,756)
Repayment of long-term debt (4,789) (2,137)
Dividends paid (1,588) (1,392)
Other financing activities (474) 220
Net change in cash from financing activities (29,961) (8,521)
Net change in cash and cash equivalents 61,708 (5,968)
Cash and cash equivalents, beginning of period 17,500 23,408
Cash and cash equivalents, end of period $ 79,208 $ 17,440