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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
2 Months Ended 4 Months Ended 6 Months Ended
Jun. 30, 2013
Successor Ambac [Member]
Apr. 30, 2013
Predecessor Ambac [Member]
Jun. 30, 2012
Predecessor Ambac [Member]
Cash flows from operating activities:      
Net income (loss) attributable to common shareholders $ 205,681 $ 3,349,049 $ (557,798)
Noncontrolling interest in subsidiaries' earnings (399) (1,771) (2,230)
Net income (loss) 205,282 3,347,278 (560,028)
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization 501 974 1,546
Amortization of bond premium and discount (3,240) (60,146) (121,602)
Reorganization items 424 (2,745,180) 3,228
Deferred income taxes (16) (6)  
Current income taxes 186 (101,188) 1,043
Deferred acquisition costs   14,207 11,603
Unearned premiums, net (102,460) (172,549) (295,016)
Losses and loss expenses, net (34,763) (43,284) 771,247
Ceded premiums payable (3,033) (2,059) (17,276)
Investment income due and accrued 2,243 1,781 2,677
Premium receivables 66,733 88,990 198,605
Accrued interest payable 15,511 23,953 53,425
Amortization of intangible assets 24,952    
Net mark-to-market (gains) losses (45,146) 63,828 20,964
Net realized investment gains (18,472) (53,305) (67,459)
Losses on extinguishment of debt     177,745
Other-than-temporary impairment charges 2,002 467 5,399
Variable interest entity activities (4,598) (426,566) (20,756)
Other, net (66,543) 62,122 (129,916)
Net cash provided by operating activities 39,563 (683) 35,429
Cash flows from investing activities:      
Proceeds from sales of bonds 343,040 310,916 427,281
Proceeds from matured bonds 182,304 307,472 521,807
Purchases of bonds (746,914) (286,633) (448,691)
Proceeds from sales of other invested assets 1,228 (164,368)  
Purchases of other invested assets (79,596)    
Change in short-term investments 115,437 (64,956) (226,988)
Loans, net 230 1,920 8,843
Change in swap collateral receivable 10,889 (8,863) 26,391
Other, net 4,678 19,828 (7,343)
Net cash used in investing activities (168,704) 115,316 301,300
Cash flows from financing activities:      
Paydowns of variable interest entity secured borrowing (3,310) (5,519) (10,636)
Proceeds from warrant exercise 15    
Payments for investment and repurchase agreement draws     (104,634)
Payments for extinguishment of long-term debt     (188,446)
Net cash used in financing activities (3,295) (5,519) (303,716)
Net cash flow (132,436) 109,114 33,013
Cash at beginning on period 152,951 43,837 15,999
Cash at ending of period 20,515 152,951 49,012
Supplemental disclosure of cash flow information:      
Income taxes 336 102,129  
Interest on variable interest entity secured borrowing 90 276 927
Interest on investment agreements 203 1,726 4,570
Cash receipts and payments related to reorganization items:      
Professional fees paid for services rendered in connection with the Chapter 11 proceeding $ 795 $ 3,860 $ 6,956