ASSURED GUARANTY LTD AGO Cash Flow

Assured guaranty ltd (AGO)

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	Dec'10	Sep'10	Jun'10	Mar'10
Adjustments to reconcile net income to net cash flows provided by operating activities:
Net cash flows provided by (used in) operating activities
-164,000	-144,000	-167,000	134,000	-332,000	110,000	-92,000	417,000	27,000	79,000	156,000	96,000	102,000	57,000	-142,000	43,000	-90,000	-32,000	-144,000	82,000	23,000	230,000	125,000	121,000	101,000	98,000	24,000	136,000	-14,000	58,000	-385,000	87,000	75,000	75,000	-30,946	754,089	-122,143	233,267	113,407	-7,275	-210,399
Investing activities
Fixed-maturity securities:
Purchases
278,000	185,000	185,000	307,000	196,000	403,000	599,000	468,000	411,000	937,000	472,000	626,000	517,000	618,000	518,000	214,000	296,000	733,000	672,000	724,000	448,000	770,000	674,000	840,000	517,000	323,000	576,000	477,000	510,000	327,000	398,000	541,000	383,000	520,000	438,255	838,066	511,679	533,256	762,365	748,347	418,032
Proceeds from Sale of Debt Securities, Available-for-sale
86,000	499,000	392,000	443,000	471,000	272,000	316,000	183,000	409,000	573,000	350,000	455,000	323,000	488,000	138,000	577,000	162,000	388,000	338,000	540,000	841,000	300,000	507,000	289,000	155,000	217,000	180,000	449,000	183,000	229,000	157,000	337,000	189,000	258,000	163,020	386,103	299,877	228,284	54,898	593,018	187,800
Maturities and paydowns
217,000	117,000	158,000	329,000	177,000	216,000	213,000	308,000	225,000	132,000	227,000	197,000	265,000	294,000	216,000	344,000	301,000	263,000	224,000	256,000	155,000	320,000	160,000	249,000	148,000	240,000	197,000	163,000	283,000	347,000	243,000	262,000	253,000	160,000	177,250	142,163	183,587	264,441	241,007	223,284	265,268
Short-term investments with maturities of over three months:
Short-term investments with maturities of over three months:
Purchases
56,000	13,000	7,000	102,000	107,000	95,000	27,000	74,000	47,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales
4,000	0	0	0	2,000	22,000	0	1,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities and paydowns
12,000	110,000	32,000	107,000	67,000	71,000	32,000	59,000	45,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net sales (purchases) of short-term investments with original maturities of less than three months
-375,000	-1,027,000	15,000	414,000	-25,000	-164,000	-208,000	174,000	114,000	-204,000	260,000	-8,000	-12,000	179,000	-270,000	127,000	63,000	-146,000	-369,000	38,000	-420,000	-69,000	-140,000	235,000	-184,000	131,000	-170,000	214,000	-88,000	253,000	-390,000	-35,000	143,000	-138,000	-231,901	292,197	-242,296	118,216	-482,436	-28,953	-219,827
Net proceeds from paydowns on financial guaranty variable interest entities’ assets
37,000	20,000	69,000	24,000	26,000	26,000	30,000	27,000	33,000	30,000	36,000	35,000	46,000	39,000	34,000	490,000	66,000	286,000	44,000	40,000	30,000	62,000	31,000	29,000	286,000	110,000	113,000	302,000	138,000	138,000	124,000	145,000	138,000	162,000	174,023	261,477	162,500	100,374	106,297	156,642	60,687
Proceeds from sales of other invested assets
1,000	-	-	-	27,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of MBIA UK Insurance Limited, net of cash acquired
-	-	-	-	-	-	-	-	-	-	0	0	-95,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
9,000	33,000	5,000	-35,000	0	20,000	-35,000	2,000	14,000	-22,000	95,000	-81,000	13,000	-3,000	0	14,000	-2,000	-10,000	-32,000	-24,000	-3,000	-2,000	14,000	-4,000	-19,000	2,000	-14,000	-12,000	-55,000	-7,000	-13,000	-19,000	-53,000	-5,000	-5,304	-4,450	-4,246	-4,282	-7,401	-3,450	-4,867
Net cash flows provided by (used in) investing activities
389,000	99,000	439,000	139,000	492,000	103,000	208,000	-140,000	126,000	113,000	-129,000	150,000	211,000	143,000	-295,000	1,056,000	172,000	360,000	335,000	-702,000	1,001,000	-17,000	150,000	-504,000	275,000	111,000	98,000	235,000	237,000	141,000	529,000	166,000	107,000	203,000	313,243	-336,070	380,827	-54,091	129,674	257,000	320,417
Dividends paid
20,000	18,000	17,000	19,000	20,000	16,000	18,000	19,000	18,000	17,000	17,000	17,000	19,000	17,000	17,000	17,000	18,000	17,000	18,000	18,000	19,000	18,000	18,000	20,000	20,000	18,000	19,000	19,000	19,000	18,000	18,000	17,000	16,000	8,000	8,423	8,291	8,286	8,111	8,276	8,308	8,305
Repurchases of common stock
116,000	160,000	150,000	110,000	80,000	120,000	130,000	150,000	100,000	70,000	80,000	135,000	216,000	116,000	55,000	60,000	75,000	135,000	135,000	133,000	152,000	152,000	226,000	177,000	35,000	5,000	15,000	205,000	39,000	0	0	24,000	0	-	-	-	-	-	-	-	-
Repurchases of common stock to pay withholding taxes
-	-	-	-	-	-	-	1,000	12,000	-	1,000	0	12,000	0	0	0	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share activity under option and incentive plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3,000	5,000	-2,000	2,000	-1,000	0	1,000	-1,000	-1,000	2,000	0	1,000	-1,000	3,000	-2,000	348	340	2,312	-323	90	-350	2,583
Net paydowns of financial guaranty variable interest entities’ liabilities
35,000	19,000	67,000	70,000	25,000	26,000	29,000	28,000	33,000	33,000	38,000	38,000	48,000	44,000	36,000	489,000	42,000	92,000	44,000	39,000	39,000	48,000	37,000	30,000	281,000	102,000	120,000	122,000	167,000	171,000	164,000	196,000	193,000	223,000	236,706	351,676	241,618	153,704	237,929	213,210	46,157
Paydown of long-term debt
21,000	0	0	1,000	3,000	28,000	49,000	5,000	19,000	1,000	23,000	5,000	1,000	0	1,000	1,000	0	1,000	1,000	1,000	1,000	1,000	11,000	1,000	6,000	5,000	9,000	7,000	6,000	5,000	8,000	191,000	5,000	5,000	6,706	5,199	5,095	4,910	5,240	4,487	6,363
Proceeds from option exercises
-	-	-	-	-	-	-	0	1,000	-	2,000	1,000	2,000	6,000	5,000	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-11,000	-	-	-	-14,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests to investment vehicles
23,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows provided by (used in) financing activities
-180,000	-6,000	-235,000	-201,000	-142,000	-189,000	-222,000	-203,000	-181,000	-121,000	-157,000	-194,000	-294,000	-171,000	-104,000	-567,000	-136,000	-245,000	-198,000	-192,000	-212,000	-217,000	-295,000	269,000	-342,000	-131,000	-162,000	-352,000	-233,000	-194,000	-191,000	-254,000	-217,000	-234,000	-275,183	-365,506	-257,311	-165,945	-251,535	-236,112	-63,408
Effect of foreign exchange rate changes
-7,000	5,000	-2,000	-1,000	1,000	-2,000	-1,000	-2,000	1,000	1,000	1,000	1,000	2,000	-1,000	-1,000	-3,000	0	-2,000	-2,000	2,000	-2,000	-3,000	-4,000	1,000	1,000	0	3,000	-1,000	-3,000	0	5,000	-6,000	2,000	-2,000	785	1,390	1,825	496	1,594	-2,836	-254
Increase (decrease) in cash and restricted cash
38,000	-46,000	35,000	71,000	19,000	22,000	-107,000	72,000	-27,000	72,000	-129,000	53,000	21,000	28,000	-542,000	529,000	-54,000	81,000	-9,000	-810,000	810,000	-7,000	-24,000	-113,000	35,000	78,000	-37,000	18,000	-13,000	5,000	-42,000	-7,000	-33,000	42,000	7,899	53,903	3,198	13,727	-6,860	10,777	46,356
Supplemental cash flow information
Income taxes
-	-	-	-	-	1,000	-44,000	29,000	10,000	7,000	10,000	-2,000	-5,000	72,000	1,000	0	1,000	32,000	20,000	34,000	17,000	54,000	0	31,000	37,000	29,000	12,000	37,000	32,000	-13,000	5,000	-18,000	2,000	-55,000	-202	37,737	51,465	-99,073	1,428	0	136,645
Interest on long-term debt
9,000	33,000	9,000	33,000	9,000	33,000	9,000	36,000	21,000	24,000	8,000	37,000	8,000	40,000	7,000	41,000	7,000	40,000	7,000	41,000	7,000	41,000	9,000	28,000	8,000	29,000	9,000	29,000	9,000	29,000	9,000	35,000	12,000	34,000	12,289	33,521	12,190	33,413	12,326	33,673	12,588
Supplemental disclosure of non-cash investing and financing activities:
Purchases of fixed-maturity investments
0	-	-	-	139,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-