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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Statement of Cash Flows [Abstract]    
Proceeds From Issuance of Ambac UK Debt $ 12,180 $ 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 46,014 45,450
Cash flows from operating activities:    
Net income attributable to common shareholders (171,630) 310,017
Net income (loss) (171,630) 310,017
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 286 363
Amortization of bond premium and discount (55,095) (102,602)
Share-based compensation 7,365 8,765
Deferred income taxes (809) (880)
Current income taxes 33,000 (23,564)
Unearned premiums, net (68,222) (57,310)
Losses and loss expenses, net (388,314) (1,435,042)
Ceded premiums payable (2,118) (2,282)
Premium receivables 53,910 32,432
Accrued interest payable 42,396 (89,633)
Amortization of insurance intangible assets 262,520 51,878
Net mark-to-market (gains) losses (598) 760
Net realized investment gains (53,093) (52,010)
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, Net of Tax, Portion Attributable to Parent, Available-for-sale Securities 29 1,313
(Gain) loss on extinguishment of debt 0 (3,121)
Variable interest entity activities (19,215) (1,151)
Increase (Decrease) in Derivative Assets and Liabilities (764) (120)
Other, net 95,491 50,599
Net cash used in operating activities (264,861) (1,311,588)
Cash flows from investing activities:    
Proceeds from sales of bonds 689,226 623,495
Proceeds from matured bonds 274,259 214,066
Purchases of bonds (426,727) (163,917)
Proceeds from sales of other invested assets 48,475 51,402
Purchases of other invested assets (117,386) (18,862)
Change in short-term investments (342,091) 164,860
Change in cash collateral receivable 64,955 781
Proceeds From Financial Guaranty Variable Interest Entity Assets 122,085 137,983
Other, net (221) 5,543
Net cash provided by investing activities 312,575 1,015,351
Cash flows from financing activities:    
Proceeds From Issuance of Tier II Notes 0 240,000
Proceeds from Sale of Senior Surplus Notes 0 4,571
Paydown of Ambac Note (21,914) (113,457)
Paydowns of a secured borrowing 0 (73,993)
Paydown of Financial Guaranty Variable Interest Entity Liabilities (92,042) (137,984)
Payments for extinguishment of surplus notes 0 (191,258)
Payments of Debt Issuance Costs 0 (9,221)
AMPS Proceeds 18,818  
Proceeds from Warrant Exercises 0 3
Payment, Tax Withholding, Share-based Payment Arrangement (2,198) (1,116)
Net cash used in financing activities (85,156) (282,455)
Effect of Exchange Rate on Cash and Cash Equivalents (37) (539)
Net cash flow (37,479) (579,231)
Cash, cash equivalents, and restricted cash at end of period $ 17,514 $ 44,398