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Schedule II Financial Information of Registrant Parent Company Statement of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
[1]
Jun. 30, 2016
[1]
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
[1]
Jun. 30, 2015
[1]
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:                      
Net income $ 61,089 [1] $ 82,803 $ 98,112 $ 66,249 [1] $ 74,528 [1] $ 70,091 $ 50,048 $ 92,257 [1] $ 308,253 $ 286,924 [1] $ 959,517
Less: Income (loss) from discontinued operations, net of tax         0 [1],[2] 0 [2] 4,855 [2] 530 [1],[2] 0 5,385 [1],[2] (300,057)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                      
Net (gains) losses on investments and other financial instruments recognized in earnings 38,773 [1] (7,711) (30,527) (31,286) [1] 13,402 [1] (3,868) (28,448) (16,779) [1] (30,751) (35,693) [1] (79,989)
Losses (gains) on the repurchase of long-term debt 0 [1] $ 17,397 $ 2,108 55,570 [1] 2,320 [1] $ 11 $ 91,876 0 [1] 75,075 94,207 [1] 0
Deferred income tax provision (benefit)                 170,887 156,170 (825,843)
Change in other assets                 (3,381) 14 23,790
Change in other liabilities                 52,855 (59,001) (54,836)
Net cash provided by (used in) operating activities, continuing operations                 381,724 13,480 (163,333)
Net cash provided by (used in) operating activities, discontinued operations                 0 (1,759) 17,071
Net cash (used in) provided by operating activities                 381,724 11,721 (146,262)
Cash flows from investing activities:                      
Proceeds from Sale and Maturity of Available-for-sale Securities                 687,173 20,100 19,672
Proceeds from Sale of Available-for-sale Securities, Equity                 74,868 146,049 0
Proceeds from Sale of Trading Securities Held-for-investment                 290,855 78,826 469,582
Proceeds from redemptions of fixed-maturity investments available for sale                 337,630 103,595 4,985
Proceeds from redemptions of fixed-maturity investments held to maturity                 123,645 221,914 201,597
Purchases of Available-for-sale Securities                 (1,990,652) (1,486,318) (519,166)
Purchases of equity securities available for sale                 (830) (75,538) 0
Sales, redemptions and (purchases) of short-term investments, net                 334,456 222,882 (364,855)
Sales, redemptions and (purchases) of other assets and other invested assets, net                 2,489 16,717 7,836
Payments to Acquire Businesses, Net of Cash Acquired                 (150) (9,834) (294,386)
Net cash provided by (used in) investing activities                 (176,058) 2,792 (336,041)
Cash flows from financing activities:                      
Dividends paid                 (2,105) (1,996) (1,865)
Issuance of long-term debt, net                 343,417 343,334 293,809
Purchases and redemptions of long-term debt                 (445,072) (156,172) (57,223)
Proceeds from Hedge, Financing Activities                 0 13,150 0
Issuance of common stock                 717 1,285 247,188
Purchase of common shares                 (100,188) (202,000) 0
Excess tax benefits from stock-based awards                 333 3,000 107
Net cash provided by (used in) financing activities                 (203,269) 601 482,016
Cash and restricted cash, beginning of period       59,898       44,496 59,898 44,496 45,407
Cash and restricted cash, end of period 61,814       59,898       61,814 59,898 44,496
Parent Company                      
Cash flows from operating activities:                      
Net income                 308,253 286,924 959,517
Less: Income (loss) from discontinued operations, net of tax                 0 204 (18,027)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                      
Losses (gains) on the repurchase of long-term debt                 75,075 94,207 0
Net cash provided by (used in) operating activities, continuing operations                 38,902 (128,879) (27,152)
Net cash provided by (used in) operating activities, discontinued operations                 0 0 (18,027)
Net cash (used in) provided by operating activities                 38,902 (128,879) (45,179)
Cash flows from investing activities:                      
Proceeds from Sale and Maturity of Available-for-sale Securities                 47,058 0 0
Proceeds from Sale of Available-for-sale Securities, Equity                 24,992 0 0
Proceeds from Sale of Trading Securities Held-for-investment                 30,350 0 0
Proceeds from redemptions of fixed-maturity investments available for sale                 49,578 0 0
Proceeds from redemptions of fixed-maturity investments held to maturity                 10,000 0 0
Purchases of Available-for-sale Securities                 (137,431) (39,667) 0
Purchases of equity securities available for sale                 0 (25,545) 0
Sales, redemptions and (purchases) of short-term investments, net                 (40,288) 473,350 1,372
Payments for (Proceeds from) Productive Assets                 239 (688) (1,351)
Proceeds from Contributions from Affiliates                 15,000 113,784 0
Capital contributions to subsidiaries and affiliates                 (1,500) (182,307) (139,103)
Payments to Acquire Businesses, Net of Cash Acquired                 (30,443) 0 0
Issuance of notes receivable from affiliates                 201,631 (208,527) (300,000)
Net cash provided by (used in) investing activities                 169,186 130,400 (439,082)
Cash flows from financing activities:                      
Dividends paid                 (2,105) (1,996) (1,865)
Issuance of long-term debt, net                 343,417 343,334 293,809
Purchases and redemptions of long-term debt                 (445,072) (156,172) (57,223)
Proceeds from Hedge, Financing Activities                 0 13,150 0
Issuance of common stock                 717 1,285 247,188
Purchase of common shares                 (100,188) (202,000) 0
Excess tax benefits from stock-based awards                 98 2,228 0
Net cash provided by (used in) financing activities                 (203,133) (171) 481,909
(Decrease) increase in cash                 4,955 1,350 (2,352)
Cash and restricted cash, beginning of period       $ 3,425       $ 2,075 3,425 2,075 4,427
Cash and restricted cash, end of period $ 8,380       $ 3,425       $ 8,380 $ 3,425 $ 2,075
[1] For all periods presented, reflects changes to align our segment reporting structure with recent changes in personnel reporting lines and management oversight related to contract underwriting performed on behalf of third parties. Revenue and expenses for this business are now reflected in the Services segment. As a result, for all periods presented, Services revenue and cost of services have increased, with offsetting reductions in other operating expenses.
[2] Radian completed the sale of Radian Asset Assurance to Assured on April 1, 2015, pursuant to the Radian Asset Assurance Stock Purchase Agreement. 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 18 for additional information.