American Equity Investment Life Holding Co AEL Cash Flow

American equity investment life holding co (AEL)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities
Operating activities
Net income (loss)
242,947	220,150	37,360	18,590	-30,010	53,823	169,328	93,903	140,962	36,803	56,957	26,946	53,939	120,796	-7,420	14,708	-44,841	33,776	97,306	82,845	5,903	31,217	67,815	36,744	-9,753	50,958	56,181	120,113	26,031	36,397	-7,829	18,759	10,471	49,699	-13,068	18,274	31,343
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Interest sensitive and index product benefits
400,219	399,514	500,285	251,103	136,674	255,700	413,089	427,951	514,095	630,905	501,028	472,596	419,139	237,737	278,943	111,121	97,671	165,622	213,465	306,141	282,825	359,319	429,415	367,774	317,192	383,057	333,639	333,001	223,170	280,518	246,105	142,733	139,123	153,780	223,232	238,420	159,665
Amortization of deferred sales inducements
73,591	91,260	-55,769	19,785	33,309	-11,578	55,244	78,112	100,423	65,885	14,707	33,695	62,325	123,770	69,245	30,672	27,479	57,112	65,807	75,518	10,953	34,743	40,661	55,349	666	69,121	34,625	120,536	28,831	36,798	7,709	25,940	16,710	48,889	-28,065	20,265	30,692
Annuity product charges
59,549	62,722	63,647	60,700	52,966	60,394	58,365	55,006	50,723	56,388	51,931	48,603	43,572	48,275	47,675	41,124	36,505	37,102	37,975	32,409	28,682	32,513	31,958	29,247	25,272	32,148	26,451	23,511	21,481	23,830	23,875	21,908	19,393	18,930	20,405	19,892	16,962
Change in fair value of embedded derivatives
1,250,061	-147,879	-212,278	-327,562	-766,323	804,026	-383,716	101,949	867,232	-290,890	-229,702	-174,973	-224,170	151,099	-144,404	-284,303	-265,857	-118,414	414,724	219,601	-51,213	-53,973	195,206	-80,935	-92,619	-142,881	-36,224	408,409	-363,272	179,379	-188,201	80,989	-359,066	-33,031	205,565	60,963	-128,303
Change in traditional life and accident and health insurance reserves
-38	-	-	-	-425	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in traditional life and accident and health insurance reserves
-	-	-	-	-	-2,404	786	-594	2,049	-203	48	-604	726	3,747	6,716	3,119	-858	2,073	1,325	2,567	-868	1,989	-927	1,414	-91	18,922	-13,412	6,446	3,041	7,908	15,198	6,620	6,032	6,268	24,892	21,364	24,356
Policy acquisition costs deferred
64,444	78,223	108,217	127,656	108,420	99,091	89,087	103,482	96,562	94,286	90,446	111,335	110,574	119,800	118,648	147,943	156,934	193,188	172,311	413,962	-121,822	738,952	-112,092	-106,645	-93,333	-112,240	-108,041	-110,881	-94,638	-116,126	-100,712	-95,396	-91,177	-136,535	-119,941	-104,857	-117,501
Amortization of deferred policy acquisition costs
120,702	133,573	-120,934	29,946	45,132	-8,750	81,053	115,049	140,639	93,716	23,023	49,547	89,678	175,526	98,108	50,665	49,713	99,243	67,885	104,700	14,286	49,629	39,671	67,084	7,194	99,934	50,034	169,270	46,230	59,833	25,954	44,848	34,284	78,323	-28,930	38,862	55,223
Provision for depreciation and other amortization
1,082	1,205	947	967	949	890	880	804	900	1,155	832	1,004	957	879	1,255	870	875	877	1,215	1,251	1,267	1,912	2,180	2,398	3,000	4,090	4,929	4,749	4,607	4,435	4,819	4,603	4,547	4,857	4,821	4,777	4,515
Amortization of discounts and premiums on investments
-9,802	-4,084	-9,028	-8,249	-4,485	-3,889	-5,983	-3,330	-6,002	-4,352	-2,435	-5,844	-2,800	-3,328	-3,084	2,239	3,103	-2,266	4,202	5,100	1,428	2,460	10,076	-405	2,829	1,059	1,626	-15,842	6,296	-5,768	11,576	24,282	39,738	39,143	36,758	33,018	45,564
Realized gains (losses) on investments and net credit losses recognized in operations
-20,336	-10,383	4,227	-5,045	-563	-15,883	-16,569	-40,777	-605	-357	1,115	2,924	2,197	-8,716	2,277	-1,709	-3,007	-13,498	-4,070	3,496	4,747	1,567	-3,754	-2,824	-1,619	16,364	-2,299	12,914	7,348	-7,916	-2,924	-1,589	-8,957	-15,587	-26,183	-3,083	-7,764
Change in fair value of derivatives
-941,874	465,929	-20,054	75,945	384,381	-1,054,263	595,327	132,267	-450,906	662,242	362,775	267,097	386,842	95,725	104,174	39,485	-73,657	69,785	-350,894	-22,555	-30,636	146,702	39,773	271,360	48,493	444,985	193,028	64,040	373,962	-48,266	161,090	-150,847	259,161	92,656	-333,063	-21,442	149,241
Distributions from equity method investments
-	-	-	-	-	227	917	60	66	263	863	206	122	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
71,427	71,623	-3,469	102	-11,309	-7,813	168	-3,665	-1,253	-7,732	1,967	-37,295	-3,670	56,487	-26,638	5,019	-45,276	18,276	20,544	25,637	-22,541	-6,681	3,095	-5,558	-37,360	-6,952	-28,816	41,232	-2,451	-10,867	-27,220	-1,806	-12,443	-1,949	-14,588	-22,735	-41,597
Loss on extinguishment of debt
-2,024	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,951	0	-6,574	-3,977	-	-	-589	0	-	-	-	-	-	-	-	-
Share-based compensation
2,289	1,893	2,042	3,155	4,205	2,653	2,398	2,520	3,526	1,050	1,260	1,751	2,403	1,843	1,401	1,214	2,234	2,041	1,985	1,660	1,687	2,402	522	583	37	4,534	2,931	1,721	1,290	1,645	1,883	1,918	1,106	3,748	1,410	2,462	1,719
Change in accrued investment income
-159	-24,465	16,627	-16,800	28,735	-13,270	34,449	-6,969	25,511	-10,174	22,700	-7,662	26,371	-8,223	28,603	-15,940	31,229	-13,418	32,350	-15,069	31,682	-13,656	36,174	-18,777	21,177	-5,913	19,862	-10,649	36,508	-15,042	32,231	8,022	7,685	16,145	-2,665	17,809	30,003
Change in income taxes recoverable/payable
-46,753	30,706	17,807	-23,403	1,856	-12,825	17,601	-103,504	37,906	45,352	-10,115	-20,639	31,161	1,178	23,025	-26,651	20,573	-24,821	17,430	-35,178	22,542	-13,021	30,703	-44,996	7,909	28,437	-14,557	-13,921	5,438	23,053	-13,349	20,934	-17,441	-14,209	8,594	59,889	-56,581
Change in other assets
-2,033	3,598	-2,859	-133	5,001	375	-893	892	470	-417	402	-400	-33	118	-1,224	-1,870	1,164	982	-875	-1,096	918	412	2,279	-259	339	-1,149	-260	1,611	-1,315	1,736	-4,723	9,395	682	-630	-2,193	-1,929	-253
Change in other policy funds and contract claims
-9,488	-5,506	-5,860	-4,546	-6,059	-2,826	-7,036	-4,824	-4,343	-3,160	-5,117	-7,839	-6,985	-6,784	-3,834	-11,249	-12,544	-12,216	-9,761	-12,944	-14,171	-13,674	-16,400	-13,569	-17,288	-23,118	-3,902	-11,974	-8,451	-1,410	23,020	15,324	18,224	25,226	56,948	49,744	45,816
Change in collateral held for derivatives
-1,106,464	453,553	56,895	255,318	424,890	-961,081	394,196	55,188	-784,932	325,261	157,662	55,266	233,992	160,445	243,595	37,369	-26,754	200,278	-372,479	228,975	-326,248	17,791	-71,293	179,692	-98,351	121,036	-48,603	-60,486	224,755	-225,354	149,047	-116,494	292,043	69,095	-297,780	-109,527	122,437
Change in collateral held for securities lending
-489,047	129,509	-76,316	120,899	321,009	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other liabilities
-27,216	-49,277	19,364	-606	1,912	31,345	-25,566	-16,625	-6,472	-21,929	-25,639	1,906	-38,754	-7,332	-7,035	-3,532	-38,041	51,028	11,625	20,254	-7,113	-10,698	-8,024	-2,230	-30,056	-16,909	4,999	6,690	-6,215	2,485	14,863	8,102	-19,523	-15,161	12,968	-46,481	-28,408
Other
125	-3,419	4,990	3,845	2,009	3,834	3,165	2,266	3,757	2,778	4,056	2,529	4,431	3,726	2,570	5,588	2,205	6,119	5,026	3,510	1,307	5,609	1,642	-11	1,708	4,448	154	1,443	1,014	-3,016	4,037	-646	482	457	187	-385	-318
Net cash provided by (used in) operating activities
-1,164,700	1,063,122	417,046	759,242	1,111,992	-543,054	729,826	299,589	-443,176	657,862	434,577	333,359	498,049	471,880	522,126	280,768	141,612	433,709	-194,402	405,712	-140,215	220,433	91,972	347,218	48,163	258,244	113,160	121,648	369,616	-45,334	329,225	42,703	457,720	177,752	-85,506	-54,164	239,709
Investing activities
Sales, maturities, or repayments of investments:
Fixed maturity securities, available for sale
1,916,960	1,082,159	1,324,895	572,912	286,855	1,072,581	422,780	2,109,217	265,837	578,162	363,077	453,451	517,301	893,229	431,305	840,329	581,647	331,194	394,354	609,839	276,734	257,498	293,978	730,683	208,747	500,985	662,775	1,355,616	937,343	1,356,090	519,354	457,896	965,283	271,628	189,011	1,512,558	1,732,408
Fixed maturity securitiesheld for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	929,878	547,513	1,140,816	219,372	0	0	0
Equity securitiesavailable for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	1,999	3,000	2,605	0	0	2,958	0
Mortgage loans on real estate
83,584	87,302	71,019	78,436	57,599	58,965	99,991	71,127	68,017	111,010	54,839	110,296	75,110	81,501	86,358	131,656	84,248	113,711	125,212	119,333	109,846	137,096	99,056	133,050	84,735	137,007	135,694	140,541	125,998	201,440	122,348	120,224	99,199	73,181	47,481	33,311	52,768
Derivative instruments
320,953	305,251	114,077	183,057	55,500	194,194	403,658	369,421	479,675	547,155	400,448	400,613	349,732	136,583	132,028	9,112	6,747	77,342	110,913	237,545	214,667	283,318	353,689	291,769	241,098	309,096	253,286	262,132	146,918	207,135	166,026	53,186	57,015	73,646	156,938	177,595	97,878
Other investments
2,980	464,662	4,480	2,345	1,062	201,836	874	1,726	153,936	935	999	2,315	4,868	-947	1,331	7,323	4,274	5,076	786	3,712	7,218	6,650	3,270	4,303	8,942	5,806	6,507	6,366	5,371	7,700	15,539	5,794	4,568	2,183	34	57	0
Acquisitions of investments:
Fixed maturity securities, available for sale
956,095	1,294,838	2,014,628	1,239,273	960,575	1,637,186	1,736,940	2,167,370	1,310,985	1,271,629	1,074,039	1,464,958	1,216,014	1,818,022	2,523,592	1,159,199	1,383,082	2,214,874	1,728,859	1,877,470	1,434,934	1,192,879	2,005,810	1,018,848	974,244	1,270,350	1,729,486	2,654,262	2,308,052	3,278,844	1,445,706	2,553,595	988,547	1,662,316	495,899	1,364,928	1,824,696
Fixed maturity securitiesheld for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	660,332	519,326	760,505
Equity securities - available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,600	1,600
Mortgage loans on real estate
315,091	324,303	198,349	110,935	165,450	109,894	199,121	165,315	101,037	165,020	113,179	156,253	100,797	144,647	54,858	111,319	118,009	93,163	122,715	134,615	104,793	100,410	33,513	103,675	90,056	122,879	154,339	133,588	95,147	105,758	128,101	108,970	43,678	68,144	116,652	105,301	191,583
Derivative instruments
181,640	202,439	200,840	225,434	194,364	221,868	215,683	226,624	200,542	197,202	173,643	173,300	147,283	157,989	154,948	158,804	130,608	161,096	152,240	150,575	124,948	136,823	128,449	123,694	103,330	117,210	111,138	108,549	82,448	99,185	95,698	101,508	83,201	100,839	105,340	106,350	83,409
Other investments
5,249	266,395	53,133	286,498	5,021	17,672	25,950	26,565	15,131	286,921	11,704	5,400	1,550	1,781	2,833	5,899	1,046	7,886	305	1,516	3,385	3,657	63,293	3,339	2,259	4,713	4,708	19,395	199	2,790	-32	83,794	17	766	75,529	1,627	33
Purchases of property, furniture and equipment
10,110	874	1,748	680	720	773	736	1,675	1,099	915	1,400	1,092	1,402	325	366	262	244	400	321	297	295	575	155	422	200	327	333	210	78	360	105	82	191	622	1,091	896	2,656
Net cash provided by (used in) investing activities
856,292	-149,475	-954,227	-1,026,070	-925,114	-459,817	-1,251,127	-36,058	-661,329	-684,425	-554,602	-834,328	-520,035	-1,012,398	-2,085,575	-447,063	-956,073	-1,950,096	-1,373,175	-1,194,044	-1,059,890	-749,782	-1,481,227	-90,173	-626,567	-560,740	-941,742	-1,106,520	-1,270,294	-1,708,572	85,566	-1,660,336	1,153,852	-1,192,677	-1,061,379	-370,349	-981,428
Financing activities
Receipts credited to annuity policyholder account balances
699,455	916,160	1,302,810	1,497,812	1,234,429	1,126,136	1,038,681	1,195,904	1,020,429	1,000,748	908,336	1,169,597	1,073,583	1,379,589	1,531,050	2,091,970	2,089,739	2,137,754	1,817,636	1,788,045	1,307,792	1,143,149	1,066,149	1,035,076	915,631	1,086,856	1,040,006	1,118,548	914,936	1,043,722	929,708	875,213	933,632	1,066,501	1,267,364	1,108,802	1,341,844
Coinsurance deposits
-114,531	-23,380	-8,668	-21,388	-37,802	-29,968	17,091	29,848	6,867	37,489	46	32,808	-63,746	2,498,382	-296,086	-506,329	-378,412	59,154	38,423	16,261	-33,061	67,444	27,627	16,722	-2,609	5,374	4,395	10,319	5,641	21,249	12,266	20,848	-49,478	-41,483	-43,736	-20,989	-16,207
Return of annuity policyholder account balances
1,025,021	958,746	900,201	908,274	817,739	910,824	749,590	761,067	738,219	760,519	647,881	673,592	727,494	728,774	638,593	587,042	581,260	633,352	615,931	530,425	492,242	614,521	466,003	469,399	475,280	536,946	397,920	426,862	402,185	440,397	374,520	391,715	368,708	136,662	459,420	460,101	438,371
Financing fees incurred and deferred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100	2,897	7,892	1,153	0	-	-	-	-	0	0	0	1,566
Repayment of notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99,417	0	65,094	54,583	190,911	15,000	28,243	0	-	-	-	-	-	-	-	-
Repayment of subordinated debentures
81,450	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from amounts due under repurchase agreements
186,105	-48,931	48,931	-243,331	134,033	-7,101	116,399	-137,223	137,223	-23,542	-38,131	61,673	0	-	-	-	-	-	-	-	15,075	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits realized from share-based compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	40	46	1	440	368	267	186	2,828	872	536	689	3,087	2,050	1,613	75	305	-143	-69	28	665	1	-57	182	935
Proceeds from issuance of common stock, net
1,255	1,279	394	-94	112	1,314	863	2,988	4,516	5,737	3,673	901	3,717	994	134,881	39	3,740	1,207	105,875	1,310	4,089	3,643	1,997	1,948	6,093	5,864	13,616	5,181	7,103	1,686	2,993	341	721	225	206	1,203	3,052
Change in checks in excess of cash balance
-40,149	34,437	-651	-596	-4,021	3,797	1,559	1,653	-22,838	13,367	17,861	-16,464	-10,084	24,959	-620	7,520	-10,358	4,819	33,500	-31,920	-12,126	30,940	2,027	-2,027	-32,192	34,357	-9,938	-3,637	-11,570	8,974	4,705	-6,365	-6,243	12,619	5,365	-1,831	1,003
Preferred stock dividends
6,611	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-151,885	241,008	459,951	366,905	584,616	218,025	390,821	272,407	394,244	174,946	-169,226	903,134	403,468	518,970	829,222	1,006,159	1,123,889	1,390,522	1,357,377	1,228,382	792,355	442,063	713,522	528,316	360,047	265,094	1,016,624	849,664	514,230	625,017	574,813	498,350	510,589	847,563	769,715	627,260	890,690
Increase (decrease) in cash and cash equivalents
-460,293	-	-	-	771,494	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash and cash equivalents
-	-	-	-	-	-784,846	-130,480	535,938	-710,261	148,383	-289,251	402,165	381,482	-21,548	-734,227	839,864	309,428	-125,865	-210,200	440,050	-407,750	-87,286	-675,733	785,361	-218,357	-37,402	188,042	-135,208	-386,448	-1,128,889	989,604	-1,119,283	2,122,161	-167,362	-377,170	202,747	148,971
Supplemental disclosures of cash flow information
Cash paid during period for interest:
Interest expense
2,523	-	-	-	5,792	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	16,661	3,488	-	16,844	4,057	18,682	3,883	16,374	3,112	16,278	2,982	16,610	2,946	16,580	3,899	16,993	4,104	17,993	6,472	6,541	6,125	6,470	6,808	6,550	7,294	7,014	8,521	6,919	8,418	6,792
Cash paid during period for income taxes:
Income taxes
11	220	0	28,193	0	-	-	-	-	33,046	38,055	71,479	47	9,105	0	29,761	200	25,346	13,140	53,287	114	41,079	23,252	46,923	21,500	55,325	25,200	37,500	10,200	25,512	9,288	32,650	0	20,450	15,600	92,200	1,000
Income tax refunds received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Non-cash operating activity:
Deferral of sales inducements
24,552	36,981	46,969	48,370	45,621	44,450	41,877	49,468	43,670	41,096	46,984	62,847	65,245	82,975	74,784	88,534	107,673	140,514	127,219	125,600	93,591	88,802	85,320	83,270	72,687	588,109	-415,253	91,033	73,898	85,875	77,536	73,229	70,019	103,747	92,176	82,951	106,249
Real estate acquired in satisfaction of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,800	1,748	8,294	1,713	1,932	5,441	0	844	11,392	2,947	8,682	3,303	3,620	11,050	2,527	3,781
Common stock issued to settle warrants that have expired
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	13	80	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	8,216	12,494	60	0	0	0	0
Common stock issued in extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	33,115	23,177	-	0	3,367	0	-	-	-	-	-	-	-	-