Atlas financial holdings, inc. (AFH)
CashFlow / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Operating activities:
Net (loss) income

-80,012

-38,810

2,646

14,430

17,702

6,180

3,166

-2,470

Adjustments to reconcile net income to net cash flows used in operating activities:
Depreciation and amortization

2,900

1,372

1,000

966

856

795

315

218

Deferred employee benefit costs

-

-

-

-

-

-

-

2,657

Share-based compensation expense

1,201

1,176

1,612

1,819

1,469

247

113

113

(Gain)/loss on sale of fixed assets

-

-

-

-

-

-

-

-54

Amortization of deferred gain on sale of headquarters building

0

17

43

43

43

43

26

0

Amortization of intangible assets and goodwill impairment

3,116

390

390

-

-

-

-

-

Amortization of intangible assets

-

-

-

315

0

0

-

-

Deferred income taxes

16,985

1,376

452

-174

-8,776

-1,072

0

-

Equity Securities, FV-NI, Unrealized Gain (Loss)

-198

0

0

-

-

-

-

-

Loss from change in fair value of equity securities

-198

0

0

-

-

-

-

-

Gain (Loss) on Disposition of Assets

573

872

1,230

455

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-1,163

Net realized investment gains

-

-

-

-

382

-

-

4,147

Net realized gains

-

-

-

-

-

433

-

-

Net realized gains

-

-

-

-

-

-

1,435

-

Gain in equity of investees

-188

810

1,271

1,238

632

-28

0

-

Amortization of bond premiums and discounts

-648

-961

-1,217

-1,525

-756

-1,092

-921

953

Amortization of financing costs

224

365

67

56

0

-

-

-

Expenses recovered pursuant to stock purchase agreements

0

0

-6,623

941

-

-

-

-

Expenses recovered pursuant to stock purchase agreements

-

-

-

-

0

0

-

-

Net changes in operating assets and liabilities:
Accrued investment income

-500

20

192

13

-34

14

-69

707

Premiums receivable, net

8,932

2,278

-5,143

35,144

-

-

-

-

Premiums receivable and other assets, net

-

-

-

-

11,826

7,490

12,344

3,762

Due from reinsurers and prepaid reinsurance premiums

43,795

17,735

6,440

7,931

2,925

6,872

-2,127

1,018

Deferred policy acquisition costs

-7,488

1,575

2,987

240

1,492

1,676

744

784

Other assets

-854

7,847

6,210

-8,956

-

-

-

-

Claims liabilities

61,848

72,644

11,993

-6,150

1,045

-4,891

-

-

Claims liabilities

-

-

-

-

-

-

-21,576

-

Unpaid claims

-

-

-

-

-

-

-

-40,936

Unearned premium reserves

5,997

14,872

4,969

26,276

14,718

9,174

9,766

-1,370

Due to reinsurers

7,438

42

-2,412

3,542

-157

-1,476

-1,898

-3,913

Other liabilities and accrued expenses

-2,726

3,238

-1,911

1,376

3,369

531

805

-3,320

Net cash flows used in operating activities

-26,442

26,472

170

8,814

13,716

-5,920

-20,741

-47,161

Investing activities:
Purchase of subsidiary (net of cash acquired)

-

-

-

10,956

0

-11,081

-

-

Purchases of:
Purchases of:
Purchase of subsidiary (net of cash acquired)

-

-

-

-

-

-

0

-

Fixed income securities

42,873

48,529

58,061

78,921

31,671

69,328

-

-

Equity securities

2,350

7,900

2,000

3,340

1,969

0

-

-

Other investments

1,161

3,615

11,404

7,332

12,500

0

-

-

Short-term investments

4,873

0

0

-

-

-

-

-

Purchases of investments

-

-

-

-

-

-

54,720

-

Proceeds from sale and maturity of investments

-

-

-

-

-

-

59,452

-

Property and equipment

9,832

14,055

10,181

713

1,167

1,245

673

396

Proceeds from sale and maturity of:
Proceeds from sale and maturity of:
Fixed income securities

67,114

46,853

86,013

-

-

-

-

-

Fixed income securities

-

-

-

59,395

35,332

55,328

-

-

Equity securities

5,458

6,161

615

1,402

12

1,388

-

-

Other investments

7,459

5,174

3,430

0

0

-

-

-

Short-term investments

128

0

0

-

-

-

-

-

Assets held for sale

-

-

-

111

0

0

-

-

Purchase of securities

-

-

-

-

-

-

-

64,563

Payments to Acquire Other Investments

-

-

-

-

-

-

-

0

Proceeds from sales and maturities of securities

-

-

-

-

-

-

-

113,823

Property, equipment and other

0

2

0

0

-

-

13,342

2,436

Net cash flows provided by investing activities

19,070

-15,909

8,412

-40,354

-11,963

-2,776

17,401

51,300

Financing activities:
Purchase of treasury stock

3,000

0

0

-

-

-

-

-

Preferred share buyback

0

0

2,539

0

0

16,200

0

-

Proceeds from U.S. public offering, net of offering costs

-

-

-

-

25,021

-

-

-

Proceeds from U.S. public offering, net of offering costs

-

-

-

-

-

9,756

0

-

Warrants exercised

-

-

-

-

-

7,181

0

-

Capital contributions

0

30

0

0

-

-

-

-

Proceeds from notes payable, net of issuance costs

0

23,879

2,000

17,663

0

0

-

-

Repayment of notes payable

0

19,400

100

500

0

0

-

-

Preferred dividends paid

333

0

409

0

0

-

-

-

Options exercised

0

655

0

145

1

-

-

-

Other

-8

0

0

-

-

-

-

-

Dividends paid

-

-

-

-

-

2,145

0

-

Options exercised

-

-

-

-

-

3

3

73

Net cash flows provided by (used in) financing activities

-3,341

5,164

-1,048

17,308

25,022

-1,405

3

73

Cash and Cash Equivalents, Period Increase (Decrease) [Abstract]
Net change in cash and cash equivalents

-10,713

15,727

7,534

-14,232

26,775

-10,101

-3,337

4,212

Supplemental disclosure of cash information:
Cash (recovered) paid for income taxes

-1,724

744

7,015

8,636

3,308

1,430

-

0

Cash (recovered) paid for interest

1,656

1,338

885

-

-

-

-

-

Cash paid for interest expense

-

-

-

567

0

129

0

0

Supplemental disclosure of noncash investing and financing activities:
Income taxes

-

-

-

-

-

-

50

-

Anchor Holdings Group, Inc. et. al.
Preferred Shares Canceled

0

0

-4,000

-

-

-

-

-

Gateway Insurance Company
Preferred Shares Canceled

0

0

-2,297

-

-

-

-

-