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Schedule II Financial Information of Registrant Parent Company Statement of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Jun. 30, 2015
Sep. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:                          
Net income (loss) $ 74,528 $ 70,091 $ 50,048 $ 92,257 $ 428,335 $ 153,590 $ 174,833 $ 202,759     $ 286,924 $ 959,517 $ (196,985)
Loss from discontinued operations, net of tax 0 [1] 0 [1] 4,855 [1] 530 [1] (449,691) [1],[2] $ 21,559 [1],[2] $ 71,296 [1],[2] 56,779 [1],[2]     5,385 [1] (300,057) [1],[2] (55,134)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:                          
Net (gains) losses on investments and other financial instruments recognized in earnings                     (35,693) (79,989) 105,890
Loss on induced conversion and debt extinguishment 2,320 $ 11 $ 91,876 0             94,207 0 0
Deferred income tax provision (benefit)                     156,170 (825,843) (31,847)
Change in other assets                     21,620 37,460 61,302
Change in other liabilities                     (58,562) (55,592) 54,354
Net cash provided by (used in) operating activities, continuing operations       666             15,514 (153,245) (619,040)
Net cash used in operating activities, discontinued operations       (1,759)             (1,759) 17,071 (45,897)
Net cash (used in) provided by operating activities                     13,755 (136,174) (664,937)
Cash flows from investing activities:                          
Proceeds from sales of fixed-maturity investments available for sale                 $ 3,621 $ 16,208 20,100 19,672 17,185
Purchases of fixed-maturity investments available for sale                 671,952 (1,006,985) (1,486,318) (519,166) (21,432)
Purchases of trading securities                     0 0 (259,897)
Purchases of equity securities available for sale                     (75,538) 0 0
Sales, redemptions (purchases) of short-term investments, net                     222,882 (364,855) (363,446)
Proceeds from Sale of Other Assets, Investing Activities                     16,717 7,836 41,397
Payments to Acquire Businesses, Net of Cash Acquired                     (10,837) (295,977) 0
Net cash provided by (used in) investing activities                     1,789 (337,632) 60,299
Cash flows from financing activities:                          
Dividends paid                     (1,996) (1,865) (1,632)
Issuance of long-term debt, net                     343,334 293,809 377,783
Purchases and redemptions of long-term debt                     (156,172) (57,223) (79,372)
Proceeds from Hedge, Financing Activities                     13,150 0 0
Issuance of common stock                     1,285 247,188 299,410
Payments for Repurchase of Common Stock                     (202,000) 0 0
Excess tax benefits from stock-based awards                     3,000 107 752
Net cash (used in) provided by financing activities                     601 482,016 596,941
Cash, beginning of period       30,465       22,880 30,465 30,465 30,465 22,880 29,408
Cash, end of period 46,898       30,465           46,898 30,465 22,880
Parent Company                          
Cash flows from operating activities:                          
Net income (loss)                     286,924 959,517 (196,985)
Loss from discontinued operations, net of tax                     204 (18,027) 0
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:                          
Loss on induced conversion and debt extinguishment                     94,207 0 0
Net cash provided by (used in) operating activities, continuing operations                     (128,879) (27,153) 105,681
Net cash used in operating activities, discontinued operations                     0 (18,027) 0
Net cash (used in) provided by operating activities                     (128,879) (45,180) 105,681
Cash flows from investing activities:                          
Purchases of fixed-maturity investments available for sale                     (39,667) 0 0
Sales/redemptions of trading securities                     0 0 9,000
Purchases of equity securities available for sale                     (25,545) 0 0
Sales, redemptions (purchases) of short-term investments, net                     473,350 1,372 (496,979)
Proceeds from Sale of Other Assets, Investing Activities                     0 0 (21,473)
Payments for (Proceeds from) Productive Assets                     (688) (1,351) (647)
Proceeds from Contributions from Affiliates                     113,784 0 0
Capital contributions to subsidiaries and affiliates                     (182,307) (139,103) (233,391)
Issuance of notes receivable from affiliates                     (208,527) (300,000) 0
Net cash provided by (used in) investing activities                     130,400 (439,082) (700,544)
Cash flows from financing activities:                          
Dividends paid                     (1,996) (1,865) (1,632)
Issuance of long-term debt, net                     343,334 293,809 377,783
Purchases and redemptions of long-term debt                     (156,172) (57,223) (79,372)
Proceeds from Hedge, Financing Activities                     13,150 0 0
Issuance of common stock                     1,285 247,188 299,410
Payments for Repurchase of Common Stock                     (202,000) 0 0
Excess tax benefits from stock-based awards                     2,228 0 0
Net cash (used in) provided by financing activities                     (171) 481,909 596,189
(Decrease) increase in cash                     1,350 (2,353) 1,326
Cash, beginning of period       $ 1,951       $ 4,304 $ 1,951 $ 1,951 1,951 4,304 2,978
Cash, end of period $ 3,301       $ 1,951           $ 3,301 $ 1,951 $ 4,304
[1] Radian completed the sale of Radian Asset Assurance to Assured on April 1, 2015, pursuant to the Radian Asset Assurance Stock Purchase Agreement dated as of December 22, 2014. Until the April 1, 2015 sale date, the operating results of Radian Asset Assurance were classified as discontinued operations for all periods presented in our consolidated statements of operations. See Note 3 for additional information.
[2] Reflects a $468 million loss on reclassification of Radian Asset Assurance as assets held for sale in the fourth quarter of 2014.