Atlas Financial Holdings, Inc. AFHBL Cash Flow

Atlas financial holdings, inc. (AFHBL)

CashFlow / TTM

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:
Net (loss) income
-102,916	-95,069	-86,380	-80,012	-37,587	-38,067	-38,133	-38,810	1,926	3,297	2,687	2,646	20,540	18,068	17,104	14,430	19,555	19,024	17,647	17,702	10,422	8,628	7,770	6,180	5,246	5,204	3,633	3,166	-1,103	-1,693	-1,630	-2,470	0	0	0
Adjustments to reconcile net income to net cash flows used in operating activities:
Depreciation and amortization
4,226	3,720	3,218	2,900	2,583	2,184	1,777	1,372	1,103	1,073	1,011	1,000	1,029	1,052	1,028	966	895	818	839	856	897	882	843	795	0	0	0	-	-	-	-	-	-	-	-
Share-based compensation expense
1,030	1,127	1,226	1,201	1,142	1,142	1,141	1,176	1,278	1,381	1,484	1,612	1,795	1,830	1,834	1,819	1,473	1,351	1,260	1,469	1,307	1,068	830	247	0	0	0	-	-	-	-	-	-	-	-
Amortization of deferred gain on sale of headquarters building
-	-	-	-	-	-	-	17	28	39	43	43	43	43	43	43	43	43	43	43	43	43	43	43	0	0	0	-	-	-	-	-	-	-	-
Amortization of intangible assets
0	0	0	-	0	0	0	-	0	0	390	-	607	510	412	315	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
12,240	13,903	15,553	16,985	4,611	3,583	2,598	1,376	739	-34	-118	452	1,432	1,022	617	-174	-6,433	-7,364	-8,372	-8,776	-3,167	-2,319	-1,487	-1,072	0	0	0	-	-	-	-	-	-	-	-
Equity Securities, FV-NI, Unrealized Gain (Loss)
-378	-377	-2	-198	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from change in fair value of equity securities
-378	-377	-2	-198	-97	-95	-128	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Assets
1,163	806	360	573	373	901	1,031	872	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized investment gains
-	-	-	-	-	-	-	-	-	-	-	-	-	0	557	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Gain in equity of investees
-474	170	324	-188	1,306	563	668	810	891	1,560	1,620	1,271	1,068	1,001	1,067	1,238	1,122	832	523	632	387	238	143	-28	0	0	0	-	-	-	-	-	-	-	-
Amortization of bond premiums and discounts
-433	-503	-567	-648	-778	-849	-909	-961	-942	-1,013	-1,119	-1,217	-1,372	-1,501	-1,576	-1,525	-1,282	-1,031	-817	-756	-854	-975	-1,028	-1,092	0	0	0	-	-	-	-	-	-	-	-
Amortization of financing costs
224	224	224	224	224	225	404	365	325	285	67	67	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expenses recovered pursuant to stock purchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-402	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subsequent acquisition costs related to Gateway stock purchase agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net changes in operating assets and liabilities:
Accrued investment income
-650	-847	-645	-500	-106	-302	-77	20	439	738	511	192	-279	-142	-96	13	19	31	-52	-34	-67	0	-82	14	0	0	0	-	-	-	-	-	-	-	-
Premiums receivable, net
-32,752	-8,047	1,875	8,932	9,398	-4,628	-6,433	2,278	10,148	8,109	20,840	-5,143	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premiums receivable and other assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,711	22,192	16,745	11,826	12,987	9,797	11,591	7,490	0	0	0	-	-	-	-	-	-	-	-
Due from reinsurers and prepaid reinsurance premiums
31,558	58,443	50,040	43,795	54,348	32,905	21,720	17,735	379	-4,592	2,945	6,440	1,051	9,897	10,864	7,931	7,154	7,511	3,116	2,925	-6,948	-8,905	-8,859	6,872	0	0	0	-	-	-	-	-	-	-	-
Deferred policy acquisition costs
-5,579	-7,082	-12,092	-7,488	-6,525	-3,271	995	1,575	4,214	6,570	7,441	2,987	2,004	495	116	240	-81	1,044	1,832	1,492	2,254	2,627	2,670	1,676	0	0	0	-	-	-	-	-	-	-	-
Other assets
-10,213	-8,103	-9,177	-854	15,031	10,761	7,249	7,847	-707	11,941	3,520	6,210	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Claims liabilities
56,985	65,501	59,747	61,848	72,478	68,180	76,771	72,644	14,184	6,532	6,593	11,993	-23,421	-14,001	-9,061	-6,150	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Claims liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Unearned premium reserves
-37,427	-1,300	-8,178	5,997	7,561	1,807	4,808	14,872	23,993	30,834	32,820	4,969	9,730	18,844	26,108	26,276	22,176	21,741	18,440	14,718	18,148	15,623	14,284	9,174	0	0	0	-	-	-	-	-	-	-	-
Due to reinsurers
-9,970	-1,373	10,978	7,438	11,179	6,840	650	42	1,605	-2,181	-3,509	-2,412	-4,696	1,559	5,646	3,542	3,760	2,526	1	-157	-381	-494	-666	-1,476	0	0	0	-	-	-	-	-	-	-	-
Other liabilities and accrued expenses
-2,807	4,398	-1,652	-2,726	1,822	-1,734	3,292	3,238	1,017	79	1,255	-1,911	408	1,197	-626	1,376	-729	-720	2,281	3,369	2,205	2,884	963	531	0	0	0	-	-	-	-	-	-	-	-
Adjustments for non-cash items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Changes in other operating assets and liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Changes in net claims liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Net cash flows used in operating activities
-57,529	-40,202	-32,252	-26,442	-8,547	8,565	29,576	26,472	26,904	10,829	-467	170	91	9,938	11,951	8,814	5,866	3,662	10,646	13,716	16,151	17,500	12,018	-5,920	-10,207	-15,305	-27,450	-20,741	-34,973	-44,081	-41,976	-47,161	0	0	0
Investing activities:
Purchase of subsidiary (net of cash acquired)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,956	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of:
Purchases of:
Purchase of subsidiary (net of cash acquired)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-
Fixed income securities
20,390	20,240	27,027	42,873	41,150	57,083	62,274	48,529	53,365	42,601	34,498	58,061	62,946	64,607	102,770	78,921	74,023	72,877	34,242	31,671	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities
0	0	1,850	2,350	5,400	7,150	8,400	7,900	4,850	3,100	0	2,000	4,000	4,000	4,590	3,340	2,336	3,309	2,719	1,969	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other investments
680	608	608	1,161	2,643	2,740	4,568	3,615	2,885	7,871	9,133	11,404	13,767	12,007	8,917	7,332	9,217	5,686	11,186	12,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,914	70,332	62,679	54,720	0	0	0	-	0	0	0
Cash Acquired from Acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from sale and maturity of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67,302	74,725	73,528	59,452	0	0	0	-	0	0	0
Property and equipment
4,665	7,003	7,889	9,832	15,331	17,874	17,181	14,055	16,104	11,392	10,183	10,181	929	526	783	713	873	845	792	1,167	1,325	1,741	1,514	1,245	836	593	820	673	799	630	376	396	0	0	0
Proceeds from sale and maturity of:
Proceeds from sale and maturity of:
Fixed income securities
74,861	70,024	55,936	67,114	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fixed income securities
-	-	-	-	-	-	-	-	-	0	68,190	-	86,673	76,388	81,038	59,395	51,915	44,437	36,038	35,332	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities
6,082	6,606	4,470	5,458	5,937	6,428	6,556	6,161	6,212	5,197	2,069	615	0	0	0	-	-	-	-	12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other investments
11,020	8,188	9,143	7,459	6,510	8,200	7,440	5,174	2,493	2,558	3,549	3,430	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term investments
9,248	2,428	949	128	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, equipment and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	13,342	0	0	0	-	-	-	-
Net cash flows provided by investing activities
62,286	41,585	28,251	19,070	20,281	-2,412	-14,422	-15,909	-19,718	12,912	19,994	8,412	8,572	-3,166	-34,509	-40,354	-44,098	-47,847	-23,867	-11,963	-6,530	-16,143	-16,153	-2,776	6,635	14,883	34,626	17,401	16,940	56,072	41,915	51,300	0	0	0
Financing activities:
Purchase of treasury stock
0	0	0	3,000	3,000	3,000	3,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from U.S. public offering, net of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from U.S. public offering, net of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,756	0	0	0	-	-	-	-	-	-	-	-
Warrants exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,181	0	0	0	-	-	-	-	-	-	-	-
Proceeds from notes payable, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	2,000	2,000	163	16,163	17,663	17,663	18,000	2,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of notes payable
-	-	-	-	-	-	-	-	-	-	-	100	100	600	600	500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
0	0	0	-8	-8	-8	-8	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,145	2,149	2,076	1,874	0	0	0	0	-	-	-	-
Options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	57	61	60	73	0	0	0
Net cash flows provided by (used in) financing activities
0	0	-333	-3,341	-2,656	-2,674	2,156	5,164	4,479	3,049	-1,448	-1,048	-903	-292	15,708	17,308	17,164	17,997	27,021	25,022	23,510	15,531	-9,286	-1,405	106	8,088	7,882	3	57	61	60	73	0	0	0
Increase in cash position
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, Period Increase (Decrease) [Abstract]
Net change in cash and cash equivalents
-	-	-	-	-	-	-	15,727	11,665	26,790	18,079	7,534	7,760	6,480	-6,850	-14,232	-21,068	-26,188	13,800	26,775	33,131	16,888	-13,421	-10,101	-3,466	7,666	15,058	-3,337	-17,976	12,052	-1	4,212	0	0	0
Supplemental disclosure of cash information:
Cash (recovered) paid for income taxes
-14,349	-14,349	-14,327	-1,724	-742	-744	-806	744	2,167	3,426	4,574	7,015	7,022	8,350	10,871	8,636	7,729	6,247	3,218	3,308	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash (recovered) paid for interest
1,656	1,656	1,656	1,656	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest expense
-	-	-	-	-	-	-	-	-	0	911	-	856	786	782	567	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-