| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|
Proceeds From Issuance of Ambac UK Debt | ||||||||
12,000 | - | - | - | - | - | - | - | - |
Cash flows from operating activities: | ||||||||
Net income attributable to common shareholders | ||||||||
-216,000 | 186,000 | -329,000 | 74,843 | 493,403 | 484,071 | -256,678 | -1,960,431 | -753,199 |
Net Income (Loss) Attributable to Noncontrolling Interest | ||||||||
- | - | - | -526 | -709 | -375 | -2,676 | 60 | 63 |
AMPS Exchange Loss Based on Carry Value | ||||||||
0 | 82,000 | 0 | - | - | - | - | - | - |
Net income (loss) | ||||||||
-216,000 | 267,000 | -329,000 | 74,317 | 492,694 | 483,696 | -259,354 | -1,960,371 | -753,136 |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||
Depreciation and amortization | ||||||||
0 | 1,000 | 1,000 | 1,220 | 3,213 | 3,582 | 3,066 | 3,733 | 3,645 |
Goodwill, Impairment Loss | ||||||||
- | - | - | - | 514,511 | 0 | - | - | - |
Amortization of bond premium and discount | ||||||||
63,000 | 137,000 | 183,000 | 150,061 | 129,584 | 79,183 | 189,402 | 186,314 | 125,884 |
Reorganization items | ||||||||
- | - | - | - | 0 | 211 | 7,215 | 49,861 | 31,980 |
Share-based compensation | ||||||||
12,000 | 12,000 | 4,000 | 5,253 | 3,105 | 3,450 | - | -15,459 | 5,364 |
Deferred income taxes | ||||||||
-1,000 | -7,000 | -32,000 | 485 | -126 | 120 | -1,586 | - | - |
Current income taxes | ||||||||
35,000 | -35,000 | -26,000 | 9,727 | 134 | 4,963 | 1,069 | 73,175 | 443,972 |
Deferred acquisition costs | ||||||||
- | - | - | - | 0 | 0 | -24,350 | -27,139 | -29,055 |
Unearned premiums, net | ||||||||
-132,000 | -163,000 | -168,000 | -289,140 | -366,985 | -559,642 | -635,346 | -507,174 | -1,443,282 |
Losses and loss expenses, net | ||||||||
364,000 | 1,633,000 | -400,000 | -853,978 | 795,072 | 1,650,090 | -261,304 | 1,786,959 | -646,442 |
Ceded premiums payable | ||||||||
-4,000 | -5,000 | -5,000 | -10,965 | -6,942 | -10,526 | -21,028 | -25,895 | -150,393 |
Investment income due and accrued | ||||||||
- | - | - | 750 | 249 | -12,648 | -5,586 | 262 | -27,996 |
Premium receivables | ||||||||
-77,000 | -91,000 | -77,000 | -172,331 | -169,032 | -452,414 | -407,858 | -394,117 | -1,295,562 |
Accrued interest payable | ||||||||
87,000 | 9,000 | 50,000 | 66,439 | 51,397 | 9,322 | 89,276 | 108,461 | 14,583 |
Amortization of insurance intangible assets | ||||||||
295,000 | 107,000 | 151,000 | 174,608 | 169,557 | 151,830 | - | - | - |
Unrealized Gain (Loss) on Derivatives | ||||||||
1,000 | -1,000 | 15,000 | 19,194 | 38,916 | 20,863 | -22,932 | 31,031 | 2,803,512 |
Net realized investment gains | ||||||||
81,000 | 112,000 | 5,000 | 39,284 | 53,476 | 58,777 | 72,101 | 17,347 | 159,451 |
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, Net of Tax, Portion Attributable to Parent, Available-for-sale Securities | ||||||||
0 | 3,000 | 20,000 | 21,819 | 25,659 | 25,794 | 5,990 | 63,843 | 59,803 |
(Gain) loss on extinguishment of debt | ||||||||
0 | 3,000 | 5,000 | 4,845 | 81 | -74,724 | -177,580 | 3,119 | - |
Supplemental disclosure of cash flow information | ||||||||
Income Taxes Paid | ||||||||
21,000 | 35,000 | 40,000 | 21,437 | 16,969 | 4,400 | 1,493 | 1,991 | 0 |
Interest Paid, Including Capitalized Interest, Operating and Investing Activities | ||||||||
- | - | - | - | - | - | 1,572 | - | 61,568 |
Interest on investment agreements | ||||||||
- | - | - | - | 341 | 518 | 7,264 | 8,456 | 19,584 |
Cash payments related to reorganization items: | ||||||||
Variable interest entity activities | ||||||||
38,000 | 3,000 | 20,000 | -14,093 | 31,569 | -32,212 | 27,777 | -214,368 | -616,688 |
Increase (Decrease) in Derivative Assets and Liabilities | ||||||||
1,000 | 17,000 | 223,000 | 7,625 | - | - | - | - | - |
Other, net | ||||||||
-80,000 | -67,000 | -22,000 | 41,130 | -80,988 | -152,846 | -105,906 | -28,873 | -171,055 |
Transfers to restricted cash | ||||||||
- | - | - | - | - | - | - | - | -2,500 |
Net cash used in operating activities | ||||||||
-311,000 | -1,543,000 | -221,000 | 830,306 | 87,542 | -971,509 | -613,898 | 3,557 | -2,087,013 |
Cash flows from investing activities: | ||||||||
Proceeds from sales of bonds | ||||||||
1,212,000 | 1,248,000 | 2,139,000 | 867,882 | 1,002,329 | 3,125,864 | 592,672 | 635,178 | 2,448,814 |
Proceeds from matured bonds | ||||||||
379,000 | 432,000 | 814,000 | 1,317,215 | 1,029,026 | 1,402,904 | 1,109,468 | 675,932 | 701,288 |
Purchases of bonds | ||||||||
959,000 | 528,000 | 2,054,000 | 2,574,285 | 2,374,804 | 2,937,782 | 798,740 | 1,251,271 | 1,124,881 |
Proceeds from sales of other invested assets | ||||||||
81,000 | 159,000 | 350,000 | 131,703 | 177,756 | 49,739 | - | - | - |
Purchases of other invested assets | ||||||||
137,000 | 140,000 | 299,000 | 281,570 | 128,186 | 133,928 | - | - | - |
Change in short-term investments | ||||||||
218,000 | -127,000 | 127,000 | 206,002 | -134,276 | 88,946 | -121,413 | -208,496 | -253,210 |
Loans, net | ||||||||
- | - | - | - | -508 | -465 | -9,793 | -1,171 | -60,243 |
Change in cash collateral receivable | ||||||||
100,000 | -58,000 | 123,000 | 27,372 | -6,833 | -158,240 | 43,635 | -45,380 | 117,143 |
Proceeds From Financial Guaranty Variable Interest Entity Assets | ||||||||
543,000 | 349,000 | 235,000 | 261,556 | - | - | - | - | - |
Other, net | ||||||||
2,000 | 0 | 17,000 | -3,042 | 6,674 | -15,077 | 40,261 | -3,900 | -15,891 |
Net cash provided by investing activities | ||||||||
1,000,000 | 1,588,000 | 1,163,000 | -453,087 | -172,602 | 1,275,153 | 1,037,980 | 228,026 | 2,471,708 |
Cash flows from financing activities: | ||||||||
Proceeds From Issuance of Tier II Notes | ||||||||
- | 240,000 | - | - | - | - | - | - | - |
Proceeds from Sale of Senior Surplus Notes | ||||||||
0 | 24,000 | - | - | - | - | - | - | - |
Paydown of Ambac Note | ||||||||
178,000 | 214,000 | - | - | - | - | - | - | - |
Proceeds from the sale of Junior Surplus Notes of the Segregated Account | ||||||||
- | - | - | - | 0 | 224,262 | - | - | - |
Proceeds Received from a Secured Borrowing | ||||||||
- | - | - | - | -143,430 | 0 | - | - | - |
Proceeds received from a newly established variable interest entity | ||||||||
- | - | - | - | - | - | - | 35,600 | - |
Paydowns of a secured borrowing | ||||||||
0 | 74,000 | 29,000 | 29,482 | 13,533 | 0 | 21,012 | - | - |
Payments for Repurchase of Warrants | ||||||||
- | - | - | 2,717 | 5,375 | 0 | - | - | - |
Paydown of Financial Guaranty Variable Interest Entity Liabilities | ||||||||
542,000 | 349,000 | 230,000 | 249,271 | - | - | - | - | - |
Dividends paid-subsidiary shares to noncontrolling interest | ||||||||
- | - | - | - | - | - | - | - | 817 |
Proceeds from issuance of investment and repurchase agreements | ||||||||
- | - | - | - | - | - | - | 123 | 1,315 |
Payments From Drawdowns Of Borrowings Under Guaranteed Investment Agreements | ||||||||
- | - | 82,000 | 17,964 | 63,872 | 199,970 | 186,786 | 258,364 | 400,206 |
Payments for extinguishment of surplus notes | ||||||||
0 | 191,000 | 69,000 | 19,550 | 13,752 | 331,419 | 188,446 | - | - |
Payments of Debt Issuance Costs | ||||||||
- | 9,000 | - | - | - | - | - | - | - |
AMPS Exchange Cash Paid | ||||||||
0 | 11,000 | - | - | - | - | - | - | - |
AMPS Proceeds | ||||||||
19,000 | - | - | - | - | - | - | - | - |
Proceeds from Warrant Exercises | ||||||||
- | - | - | 2 | 3 | 16 | - | - | - |
Payment, Tax Withholding, Share-based Payment Arrangement | ||||||||
3,000 | 1,000 | 1,000 | 0 | - | - | - | - | - |
Net cash collateral received | ||||||||
- | - | - | - | - | - | - | 2,440 | 87,569 |
Net cash used in financing activities | ||||||||
-691,000 | -585,000 | -412,000 | -318,982 | 46,901 | -307,111 | -396,244 | -225,081 | -487,277 |
Effect of Exchange Rate on Cash and Cash Equivalents | ||||||||
0 | 0 | -1,000 | -3,905 | - | - | - | - | - |
Net cash flow | ||||||||
-2,000 | -541,000 | 529,000 | 54,332 | -38,159 | -3,467 | 27,838 | 6,502 | -102,582 |
Professional fees paid for services rendered in connection with the Chapter 11 proceeding | ||||||||
- | - | - | - | 0 | 272 | 9,141 | 31,253 | - |
Ambac Financial Group, Inc Parent Company Only [Member] | ||||||||
Net income (loss) attributable to common stockholders | ||||||||
-216,000 | 186,000 | -329,000 | 74,843 | - | - | - | - | - |
Net income (loss) | ||||||||
-216,000 | 186,000 | -329,000 | 74,843 | - | - | - | - | - |
Accretion (Amortization) of Discounts and Premiums, Investments | ||||||||
6,000 | 7,000 | 17,000 | 7,208 | - | - | - | - | - |
Share-based compensation | ||||||||
12,000 | 12,000 | 4,000 | 5,253 | - | - | - | - | - |
Increase (Decrease) in Income Taxes Payable | ||||||||
15,000 | -15,000 | -1,000 | 42,126 | - | - | - | - | - |
Investment income due and accrued | ||||||||
- | - | - | 149 | - | - | - | - | - |
Net realized investment gains | ||||||||
1,000 | -1,000 | -7,000 | -7 | - | - | - | - | - |
Income Taxes Paid | ||||||||
1,000 | 4,000 | 1,000 | 635 | - | - | - | - | - |
Other, net | ||||||||
6,000 | 0 | 10,000 | -5,814 | - | - | - | - | - |
Net cash used in operating activities | ||||||||
16,000 | 32,000 | 16,000 | 77,228 | - | - | - | - | - |
Proceeds from matured bonds | ||||||||
86,000 | 230,000 | 187,000 | 269,459 | - | - | - | - | - |
Purchases of bonds | ||||||||
2,000 | 137,000 | 196,000 | 279,582 | - | - | - | - | - |
Change in short-term investments | ||||||||
125,000 | 123,000 | 3,000 | 18,491 | - | - | - | - | - |
Net cash provided by investing activities | ||||||||
-22,000 | -21,000 | -44,000 | -42,287 | - | - | - | - | - |
Payments for Repurchase of Warrants | ||||||||
- | - | - | -2,717 | - | - | - | - | - |
AMPS Exchange Cash Paid | ||||||||
0 | - | - | - | - | - | - | - | - |
Proceeds from Warrant Exercises | ||||||||
- | - | - | 2 | - | - | - | - | - |
Net Cash Provided by (Used in) Financing Activities | ||||||||
- | - | - | -2,715 | - | - | - | - | - |
Cash and Cash Equivalents, Period Increase (Decrease) | ||||||||
-6,000 | 11,000 | -28,000 | 32,226 | - | - | - | - | - |