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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
5 Months Ended 9 Months Ended 4 Months Ended
Sep. 30, 2013
Successor Ambac [Member]
Sep. 30, 2014
Successor Ambac [Member]
Apr. 30, 2013
Predecessor Ambac [Member]
Cash flows from operating activities:      
Other comprehensive (loss) income, after tax: $ 436,656 $ 30,487 $ 3,349,049
Noncontrolling interest in subsidiaries’ earnings (367) (242) (1,771)
Net (loss) income 436,289 30,245 3,347,278
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization 1,243 2,223 974
Amortization of bond premium and discount (15,056) (50,432) (60,146)
Pre-tax (loss) income from continuing operations 428 211 (2,745,180)
Share-based compensation 0 2,960 0
Deferred income taxes 31 (23) (6)
Current income taxes 821 47 (101,188)
Deferred acquisition costs 0 0 14,207
Unearned premiums, net (164,551) (284,355) (172,549)
Losses and loss expenses, net (158,706) 59,741 (43,284)
Ceded premiums payable (6,440) (9,858) (2,059)
Investment income due and accrued 3,846 4,845 1,781
Premium receivables 95,621 186,389 88,990
Accrued interest payable 37,454 81,956 23,953
Amortization of insurance intangible assets 62,425 109,878 0
Net mark-to-market (gains) losses (74,760) (11,491) 63,828
Net realized investment gains (8,162) (29,401) (53,305)
Other-than-temporary impairment charges 40,039 24,157 467
Variable interest entity activities (59,707) 34,574 (426,566)
Other, net (106,559) 106,703 62,122
Net cash provided by (used in) operating activities 84,256 258,369 (683)
Cash flows from investing activities:      
Proceeds from sales of bonds 622,608 1,727,142 310,916
Proceeds from matured bonds 461,436 896,936 307,472
Purchases of bonds (1,400,547) (2,547,727) (286,633)
Proceeds from sales of other invested assets 59,449 40,173 0
Purchases of other invested assets (127,237) (54,768) (164,368)
Change in short-term investments 177,385 (279,781) (64,956)
Loans, net 1,134 112 1,920
Change in swap collateral receivable 10,889 (105,354) (8,863)
Other, net (1,667) 6,553 19,828
Net cash (used in) provided by investing activities (196,550) (316,714) 115,316
Cash flows from financing activities:      
Proceeds From The Sale Of Junior Surplus Notes 0 224,262 0
Paydowns of variable interest entity secured borrowing (7,566) 0 (5,519)
Proceeds from warrant exercise 16 15 0
Payments From Drawdowns Of Borrowings Under Guaranteed Investment Agreements (4,556) (199,970) 0
Net cash provided by (used in) financing activities (12,106) 24,307 (5,519)
Net cash flow (124,400) (34,038) 109,114
Cash and cash equivalents at beginning of period 152,951 77,370 43,837
Cash and cash equivalents end of period 28,551 43,332 152,951
Supplemental disclosure of cash flow information:      
Income taxes 336 3,246 102,129
Interest on variable interest entity secured borrowing 163 0 276
Interest on investment agreements 640 459 444
Cash payments related to reorganization items:      
Professional fees paid for services rendered in connection with the Chapter 11 proceeding $ 15,478 $ 272 $ 3,860