AMBAC FINANCIAL GROUP INC AMBC Cash Flow

Ambac financial group inc (AMBC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	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
Cash flows from operating activities:
Net income attributable to common shareholders
-280,000	-110,486	66,116	-128,630	-43,000	-20,172	-103,845	4,313	305,704	58,647	9,415	-	-	282,695	214,711	453,584	82,450	-207,905	155,942	68,563	230,975	205,681	282,299	143,576	157,544	-811,118	253,320	-963,213	-75,507	-102,432	-819,279
Net Income (Loss) Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-292	0	-	-	-517	160	-133	-21	-328	107	-50	32	-399	-47	-275	-171	-2,232	2	15	-2	14	33
Net income (loss)
-280,000	-110,486	66,116	-128,630	-43,000	-20,858	-22,159	4,313	305,704	58,355	9,415	-	-	282,178	214,871	453,451	82,429	-208,233	156,049	68,513	231,007	205,282	282,252	143,301	157,373	-813,350	253,322	-963,198	-75,509	-102,418	-819,246
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization
0	-356	70	286	0	469	168	182	181	332	303	-	-	698	791	1,359	742	733	748	737	742	501	727	772	748	726	820	809	738	1,406	780
Amortization of bond premium and discount
4,000	3,709	4,196	43,095	12,000	16,582	17,816	25,175	77,427	30,017	26,336	-	-	33,001	31,477	28,751	-13,960	36,452	27,940	19,642	11,816	3,240	42,421	25,542	42,258	57,060	64,542	52,002	47,979	50,894	35,439
Reorganization items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	186	23	65	4	424	2,059	2,735	1,252	767	2,461	10,067	8,519	6,470	24,805
Share-based compensation
3,000	2,301	2,334	3,365	4,000	1,525	1,710	4,153	4,612	1,695	1,082	-	-	881	393	490	573	850	1,537	1,106	0	0	-	-	-	-	-	0	0	-15,567	108
Deferred income taxes
6,000	-4,292	2,483	-191	1,000	-13,121	5,241	2,025	-1,145	47	446	-	-	-50	174	97	138	-112	-3	-588	-47	16	46	-	-	-	-	-	-	-	-
Current income taxes
-5,000	7,151	-5,151	29,000	4,000	-14,023	2,587	-15,125	-8,439	1,486	-2,463	-	-	-663	-3,368	4,916	2,273	-5,249	3,023	4,327	635	186	496	-601	627	743	300	-2,823	75,097	-1,449	2,350
Deferred acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-6,854	-6,658	-6,089	-7,094	-4,509	-1,919	-12,796	-9,521	-2,903
Unearned premiums, net
-7,000	-13,965	-49,813	-32,222	-36,000	-55,886	-49,804	-38,981	-18,329	-38,530	-77,230	-	-	-49,905	-84,582	-275,287	-110,238	-89,450	-84,667	-41,400	-62,091	-102,460	-147,095	-194,494	-145,836	-148,088	-146,928	-55,496	115,717	-395,802	-171,593
Losses and loss expenses, net
-77,000	-96,585	72,271	269,314	119,000	73,961	123,997	63,202	1,371,840	-56,659	-800,946	-	-	102,547	197,332	1,709,831	-189,672	-16,563	146,494	-71,868	123,943	34,763	-78,527	-137,961	647,904	-781,032	9,785	2,840,332	55,992	-187,936	-921,429
Ceded premiums payable
-1,000	-1,037	-845	-1,118	-1,000	-1,430	-1,288	-857	-1,425	-1,611	-6,156	-	-	-1,266	-1,168	-668	-3,636	-5,152	-1,070	-604	-3,407	-3,033	-2,442	438	-4,190	-1,364	-15,912	-5,288	-1,044	-12,361	-7,202
Investment income due and accrued
-	-	-	-	-	-	-	-	-	-304	122	-	-	285	-21	-7,803	-1,700	-123	-3,022	3,548	-1,603	-2,243	-5,798	2,560	-5,469	2,820	-5,497	4,320	-4,554	5,847	-5,351
Premium receivables
-13,000	4,373	-27,463	-45,910	-8,000	-21,173	-37,395	-26,831	-5,601	-13,264	-49,497	-	-	-15,075	-48,608	-266,025	-89,730	-61,752	-34,907	17,011	-28,888	-66,733	-77,523	-135,209	-74,044	-87,662	-110,943	-74,714	178,268	-365,995	-131,676
Accrued interest payable
23,000	22,153	22,451	13,396	29,000	31,935	66,698	-26,507	-63,126	8,429	16,152	-	-	16,598	18,269	-72,634	36,798	22,923	22,235	20,592	21,943	15,511	17,543	18,727	17,124	26,741	26,684	29,007	26,711	28,064	24,679
Amortization of insurance intangible assets
13,000	15,059	17,421	226,520	36,000	28,701	26,421	23,242	28,636	39,013	50,890	-	-	38,088	37,432	41,952	41,908	36,256	31,714	37,233	37,473	24,952	-	-	-	-	-	-	-	-	-
Unrealized Gain (Loss) on Derivatives
-2,000	-37	439	598	0	-391	151	-308	-452	3,722	12,614	-	-	9,886	-2,918	9,372	6,820	-1,936	6,607	108,331	29,614	45,146	10,278	-26,464	24,496	-10,488	-10,476	24,518	676	20,063	-14,226
Net realized investment gains
8,000	9,436	18,471	36,093	17,000	29,789	30,201	47,148	4,862	14,897	1,102	-	-	-5,353	54,101	29,376	10,045	3,067	16,289	-3,695	-10,310	18,472	46,060	1,480	3,162	67,067	392	12,341	5,084	-2,528	2,450
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, Net of Tax, Portion Attributable to Parent, Available-for-sale Securities
-	-	-	-	-	1,421	266	1,014	299	7,441	9,334	-	-	1,020	3,119	1,637	5,011	8,754	10,392	6,725	38,037	2,002	-	11,743	-11,152	2,328	3,071	94,021	-49,469	17,578	1,713
(Gain) loss on extinguishment of debt
-	-	-	-	-	-121	0	6	3,115	3,586	1,235	-	-	-1,246	-93	-74,724	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of cash flow information
Income Taxes Paid
-	-	-	-	-	-	-	-	-	1,185	6,477	-	-	4,752	4,933	1,154	79	3,167	0	1,320	0	336	229	-	-	-	-	0	0	1,991	0
Interest Paid, Including Capitalized Interest, Operating and Investing Activities
-	-	-	-	-	-	-	-	-	681	1,372	-	-	0	0	-	-	-	-	-	73	90	218	311	334	498	429	-	-	-	-
Interest on investment agreements
-	-	-	-	-	-	-	-	-	153	146	-	-	71	88	59	93	164	202	192	437	203	1,724	902	1,792	1,498	3,072	825	3,269	706	3,656
Cash payments related to reorganization items:
Variable interest entity activities
3,000	7,541	11,244	3,215	16,000	18	1,831	577	574	8,987	-27,163	-	-	52,603	6,962	2,362	9,116	-38,148	-5,542	-108,330	55,109	4,598	38,326	884	6,137	5,536	15,220	-265,604	55,008	2,353	-6,125
Increase (Decrease) in Derivative Assets and Liabilities
-32,000	5,958	-5,722	12,764	-12,000	16,962	-82	558	-438	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-63,000	7,415	8,076	-38,491	-57,000	-5,595	-10,806	-40,092	-10,507	42,952	9,398	-	-	78,272	-58,229	-46,143	-21,157	-33,149	-52,397	30,591	40,016	66,543	-49,273	-65,948	-169,874	-14,608	144,524	224,726	-155,876	-115,123	17,400
Net cash used in operating activities
-87,000	-14,769	-31,370	-169,861	-95,000	-125,057	-106,355	-120,026	-1,191,562	42,629	827,680	-	-	32,759	5,580	-1,229,878	86,100	133,744	38,525	102,652	44,693	39,563	77,330	-208,298	-441,029	-4,921	40,350	-195,341	-8,665	124,748	82,815
Cash flows from investing activities:
Proceeds from sales of bonds
221,000	160,010	362,764	48,226	641,000	156,484	468,021	327,417	296,078	169,013	136,087	-	-	217,642	487,462	1,398,722	733,421	717,166	276,555	320,335	279,568	343,040	120,603	158,662	6,729	392,257	35,024	284,599	110,161	147,227	93,191
Proceeds from matured bonds
49,000	62,182	42,559	239,259	35,000	139,605	78,329	110,071	103,995	287,655	297,619	-	-	169,915	299,715	505,968	400,837	265,809	230,290	151,909	279,132	182,304	255,664	178,791	408,870	313,674	208,133	162,763	150,501	159,862	202,806
Purchases of bonds
150,000	92,913	439,360	243,727	183,000	179,318	184,765	86,448	77,469	413,468	1,002,328	-	-	466,291	919,361	390,055	1,224,629	697,591	625,507	812,569	653,633	746,914	243,006	197,512	152,537	266,683	182,008	295,398	491,698	258,757	205,418
Proceeds from sales of other invested assets
243,000	8,442	24,083	46,475	2,000	47,476	60,122	20,075	31,327	32,442	2,991	-	-	60,148	36,543	9,566	0	3,279	36,894	30,618	58,221	1,228	-	-	-	-	-	-	-	-	-
Purchases of other invested assets
195,000	2,052	17,562	88,386	29,000	46,200	74,938	7,104	11,758	130,098	15,690	-	-	71,520	10,176	79,160	21,240	12,917	20,611	9,749	47,641	79,596	113,712	-	-	-	-	-	-	-	-
Change in short-term investments
-67,000	-17,486	-106,605	-135,909	478,000	-131,548	169,408	71,402	-236,262	-100,538	210,971	-	-	-23,910	-139,085	-190,835	206,713	129,084	-56,016	-278,110	-61,948	-115,437	106,274	-51,809	-296,592	116,237	110,751	-41,055	-242,227	-8,843	83,629
Loans, net
-	-	-	-	-	-	-	-	-	-494	-97	-	-	180	-220	-353	-282	99	71	31	-904	-230	-512	-1,177	227	-9,090	247	-1,039	-236	-126	230
Change in cash collateral receivable
-56,000	24,982	10,063	7,955	57,000	-68,953	10,172	1,760	-979	-61,178	-29,788	-	-	56,949	-37,239	-52,886	-14,738	-55,206	-35,410	-13,929	0	10,889	1,740	6,218	11,026	-14,655	41,046	5,563	1,317	-52,156	-104
Proceeds From Financial Guaranty Variable Interest Entity Assets
66,000	31,069	389,846	55,085	67,000	161,740	49,277	58,066	79,917	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
1,000	1,640	139	221	0	2,742	2,801	-5,920	377	1,672	-8,025	-	-	2,256	-779	-8,524	-1,245	-7,660	2,352	-4,346	6,345	-4,678	-20,508	-22,468	55,386	7,428	-85	1,500	-1,254	-3,359	-787
Net cash provided by investing activities
244,000	208,566	478,859	200,575	112,000	338,640	234,009	358,355	656,996	-16,274	-813,958	-	-	-11,683	-2,972	1,591,867	-331,535	99,017	-84,196	-50,960	-27,846	-168,704	-63,965	221,613	515,067	310,018	-8,718	198,121	13,998	8,504	7,403
Cash flows from financing activities:
Proceeds From Issuance of Tier II Notes
-	-	-	-	-	0	0	0	240,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Paydown of Ambac Note
77,000	149,270	6,816	8,914	13,000	28,262	72,281	113,457	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Paydowns of a secured borrowing
-	-	-	-	-	7	0	65,196	8,797	4,759	8,871	-	-	0	0	-	-	-	-	1,503	4,256	3,310	4,067	5,880	4,496	3,356	7,280	-	-	-	-
Paydown of Financial Guaranty Variable Interest Entity Liabilities
66,000	31,772	418,186	29,042	63,000	161,740	49,276	58,067	79,917	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of investment and repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93	4	2	24
Payments From Drawdowns Of Borrowings Under Guaranteed Investment Agreements
-	-	-	-	-	-	-	-	-	17,989	0	-	-	0	49,872	0	9,970	190,000	0	-	-	-	-	53,663	28,489	104,214	420	43,790	1,400	123,501	89,673
Payments for extinguishment of surplus notes
-	-	-	-	-	-258	0	0	191,258	8,097	11,453	-	-	13,752	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Debt Issuance Costs
-	-	-	-	-	-221	0	0	9,221	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
AMPS Proceeds
0	182	0	15,818	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Warrant Exercises
-	-	-	-	-	-	-	-	-	2	0	-	-	0	2	1	14	0	1	0	1	15	-	-	-	-	-	-	-	-	-
Payment, Tax Withholding, Share-based Payment Arrangement
3,000	390	412	198	2,000	-116	0	91	1,025	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash collateral received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,440
Net cash used in financing activities
-146,000	-180,430	-425,414	-9,156	-76,000	-183,083	-119,462	-232,237	-50,218	-32,453	-20,324	-	-	-13,752	-49,870	-331,418	214,306	-190,000	1	-2,873	-8,811	-3,295	-4,067	-59,543	-32,985	-296,016	-7,700	-8,097	-1,396	-123,499	-92,089
Effect of Exchange Rate on Cash and Cash Equivalents
0	446	-409	-37	0	652	-113	-261	-278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flow
10,000	13,813	21,666	20,521	-58,000	30,152	8,079	5,831	-585,062	-6,098	-6,602	-	-	7,324	-47,262	30,571	-31,129	42,761	-45,670	48,819	8,036	-132,436	9,298	-46,228	41,053	9,081	23,932	-5,317	3,937	9,753	-1,871
Professional fees paid for services rendered in connection with the Chapter 11 proceeding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5	186	81	68	14,683	795	3,246	1,479	706	5,315	1,641	12,847	6,681	6,268	5,457