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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Successor Ambac [Member]
Mar. 31, 2013
Predecessor Ambac [Member]
Cash flows from operating activities:    
Net income (loss) attributable to common shareholders $ 155,942 $ 282,299
Noncontrolling interest in subsidiaries’ earnings 107 (47)
Net income (loss) 156,049 282,252
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 748 727
Amortization of bond premium and discount (27,940) (42,421)
Reorganization items 23 2,059
Share-based compensation 1,537 0
Deferred income taxes 3 (46)
Current income taxes 3,023 496
Deferred acquisition costs 0 6,854
Unearned premiums, net (84,667) (147,095)
Losses and loss expenses, net (146,494) (78,963)
Ceded premiums payable (1,070) (2,006)
Investment income due and accrued 3,022 5,798
Premium receivables 34,907 77,523
Accrued interest payable 22,235 17,543
Amortization of insurance intangible assets 31,714 0
Net mark-to-market (gains) losses (6,607) (10,278)
Net realized investment gains (16,289) (46,060)
Other-than-temporary impairment charges 10,392 0
Variable interest entity activities 5,542 (38,326)
Other, net 52,397 49,273
Net cash provided by (used in) operating activities 38,525 77,330
Cash flows from investing activities:    
Proceeds from sales of bonds 276,555 120,603
Proceeds from matured bonds 230,290 255,664
Purchases of bonds (625,507) (243,006)
Proceeds from sales of other invested assets 36,894 0
Purchases of other invested assets (20,611) (113,712)
Change in short-term investments 56,016 (106,274)
Loans, net (71) 512
Change in swap collateral receivable (35,410) 1,740
Other, net (2,352) 20,508
Net cash (used in) provided by investing activities (84,196) (63,965)
Cash flows from financing activities:    
Paydowns of variable interest entity secured borrowing 0 (4,067)
Proceeds from warrant exercise 1 0
Net cash provided by (used in) financing activities 1 (4,067)
Net cash flow (45,670) 9,298
Cash at January 1 77,370 43,837
Cash at March 31 31,700 53,135
Supplemental disclosure of cash flow information:    
Income taxes 0 229
Interest on variable interest entity secured borrowing 0 218
Interest on investment agreements 202 462
Cash payments related to reorganization items:    
Professional fees paid for services rendered in connection with the Chapter 11 proceeding $ 81 $ 3,246