| 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 | ||||||||||||||||||||||||||||||
-453,000 | -216,000 | -125,686 | -295,647 | -162,704 | 186,000 | 0 | 0 | 0 | 0 | 288,107 | - | - | 1,033,440 | 542,840 | 484,071 | 99,050 | 247,575 | 661,161 | 787,518 | 862,531 | 789,100 | -227,699 | -256,678 | -1,363,467 | -1,596,518 | -887,832 | -1,960,431 | 0 | 0 | 0 |
Net Income (Loss) Attributable to Noncontrolling Interest | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | -869 | - | - | -511 | -322 | -375 | -292 | -239 | -310 | -464 | -689 | -892 | -2,725 | -2,676 | -2,386 | -2,217 | 29 | 60 | 0 | 0 | 0 |
Net income (loss) | ||||||||||||||||||||||||||||||
-453,000 | -216,000 | -126,372 | -214,647 | -81,704 | 267,000 | 0 | 0 | 0 | 0 | 287,238 | - | - | 1,032,929 | 542,518 | 483,696 | 98,758 | 247,336 | 660,851 | 787,054 | 861,842 | 788,208 | -230,424 | -259,354 | -1,365,853 | -1,598,735 | -887,803 | -1,960,371 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||||||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||||||||||||
0 | 0 | 825 | 923 | 819 | 1,000 | 0 | 0 | 0 | 0 | 2,725 | - | - | 3,590 | 3,625 | 3,582 | 2,960 | 2,960 | 2,728 | 2,707 | 2,742 | 2,748 | 2,973 | 3,066 | 3,103 | 3,093 | 3,773 | 3,733 | 0 | 0 | 0 |
Amortization of bond premium and discount | ||||||||||||||||||||||||||||||
55,000 | 63,000 | 75,873 | 89,493 | 71,573 | 137,000 | 0 | 0 | 0 | 0 | 124,443 | - | - | 79,269 | 82,720 | 79,183 | 70,074 | 95,850 | 62,638 | 77,119 | 83,019 | 113,461 | 167,281 | 189,402 | 215,862 | 221,583 | 215,417 | 186,314 | 0 | 0 | 0 |
Reorganization items | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 211 | 276 | 278 | 516 | 2,552 | 5,222 | 6,470 | 6,813 | 7,215 | 14,547 | 21,814 | 27,517 | 49,861 | 0 | 0 | 0 |
Share-based compensation | ||||||||||||||||||||||||||||||
11,000 | 12,000 | 11,224 | 10,600 | 11,388 | 12,000 | 0 | 0 | 0 | 0 | 3,794 | - | - | 2,337 | 2,306 | 3,450 | 4,066 | 3,493 | 2,643 | 0 | 0 | 0 | - | - | - | - | - | -15,459 | 0 | 0 | 0 |
Deferred income taxes | ||||||||||||||||||||||||||||||
4,000 | -1,000 | -9,829 | -7,071 | -4,855 | -7,000 | 0 | 0 | 0 | 0 | 146 | - | - | 359 | 297 | 120 | -565 | -750 | -622 | -573 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Current income taxes | ||||||||||||||||||||||||||||||
26,000 | 35,000 | 13,826 | 21,564 | -22,561 | -35,000 | 0 | 0 | 0 | 0 | 1,039 | - | - | 3,158 | -1,428 | 4,963 | 4,374 | 2,736 | 8,171 | 5,644 | 716 | 708 | 1,265 | 1,069 | -1,153 | 73,317 | 71,125 | 73,175 | 0 | 0 | 0 |
Deferred acquisition costs | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6,854 | -13,512 | -19,601 | -26,695 | -24,350 | -19,611 | -26,318 | -28,745 | -27,139 | 0 | 0 | 0 |
Unearned premiums, net | ||||||||||||||||||||||||||||||
-103,000 | -132,000 | -173,921 | -173,912 | -180,671 | -163,000 | 0 | 0 | 0 | 0 | -359,633 | - | - | -520,012 | -559,557 | -559,642 | -325,755 | -277,608 | -290,618 | -353,046 | -506,140 | -589,885 | -635,513 | -635,346 | -496,348 | -234,795 | -482,509 | -507,174 | 0 | 0 | 0 |
Losses and loss expenses, net | ||||||||||||||||||||||||||||||
168,000 | 364,000 | 534,546 | 586,272 | 380,160 | 1,633,000 | 0 | 0 | 0 | 0 | -203,206 | - | - | 1,820,038 | 1,700,928 | 1,650,090 | -131,609 | 182,006 | 233,332 | 8,311 | -57,782 | 466,179 | -349,616 | -261,304 | 2,716,989 | 2,125,077 | 2,718,173 | 1,786,959 | 0 | 0 | 0 |
Ceded premiums payable | ||||||||||||||||||||||||||||||
-4,000 | -4,000 | -4,393 | -4,836 | -4,575 | -5,000 | 0 | 0 | 0 | 0 | -11,930 | - | - | -6,738 | -10,624 | -10,526 | -10,462 | -10,233 | -8,114 | -9,486 | -8,444 | -9,227 | -7,558 | -21,028 | -26,754 | -23,608 | -34,605 | -25,895 | 0 | 0 | 0 |
Investment income due and accrued | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 392 | - | - | -9,239 | -9,647 | -12,648 | -1,297 | -1,200 | -3,320 | -6,096 | -7,084 | -10,950 | -5,887 | -5,586 | -3,826 | -2,911 | 116 | 262 | 0 | 0 | 0 |
Premium receivables | ||||||||||||||||||||||||||||||
-82,000 | -77,000 | -102,546 | -112,478 | -93,399 | -91,000 | 0 | 0 | 0 | 0 | -169,921 | - | - | -419,438 | -466,115 | -452,414 | -169,378 | -108,536 | -113,517 | -156,133 | -308,353 | -353,509 | -374,438 | -407,858 | -347,363 | -95,051 | -373,384 | -394,117 | 0 | 0 | 0 |
Accrued interest payable | ||||||||||||||||||||||||||||||
81,000 | 87,000 | 96,782 | 141,029 | 101,126 | 9,000 | 0 | 0 | 0 | 0 | 49,280 | - | - | -969 | 5,356 | 9,322 | 102,548 | 87,693 | 80,281 | 75,589 | 73,724 | 68,905 | 80,135 | 89,276 | 99,556 | 109,143 | 110,466 | 108,461 | 0 | 0 | 0 |
Amortization of insurance intangible assets | ||||||||||||||||||||||||||||||
272,000 | 295,000 | 308,642 | 317,642 | 114,364 | 107,000 | 0 | 0 | 0 | 0 | 183,015 | - | - | 159,380 | 157,548 | 151,830 | 147,111 | 142,676 | 131,372 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Unrealized Gain (Loss) on Derivatives | ||||||||||||||||||||||||||||||
-1,000 | 1,000 | 646 | 358 | -548 | -1,000 | 0 | 0 | 0 | 0 | 54,448 | - | - | 23,160 | 11,338 | 20,863 | 119,822 | 142,616 | 189,698 | 193,369 | 58,574 | 53,456 | -2,178 | -22,932 | 28,050 | 4,230 | 34,781 | 31,031 | 0 | 0 | 0 |
Net realized investment gains | ||||||||||||||||||||||||||||||
72,000 | 81,000 | 101,353 | 113,083 | 124,138 | 112,000 | 0 | 0 | 0 | 0 | 477 | - | - | 88,169 | 96,589 | 58,777 | 25,706 | 5,351 | 20,756 | 50,527 | 55,702 | 69,174 | 117,769 | 72,101 | 82,962 | 84,884 | 15,289 | 17,347 | 0 | 0 | 0 |
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, Net of Tax, Portion Attributable to Parent, Available-for-sale Securities | ||||||||||||||||||||||||||||||
- | - | - | - | - | 3,000 | 0 | 0 | 0 | 0 | 31,874 | - | - | 10,787 | 18,521 | 25,794 | 30,882 | 63,908 | 57,156 | 0 | 0 | 0 | - | 5,990 | 88,268 | 49,951 | 65,201 | 63,843 | 0 | 0 | 0 |
(Gain) loss on extinguishment of debt | ||||||||||||||||||||||||||||||
- | - | - | - | - | 3,000 | 0 | 0 | 0 | 0 | 1,409 | - | - | -76,063 | -74,817 | -74,724 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Supplemental disclosure of cash flow information | ||||||||||||||||||||||||||||||
Income Taxes Paid | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 18,513 | - | - | 10,918 | 9,333 | 4,400 | 4,566 | 4,487 | 1,656 | 1,885 | 0 | 0 | 0 | - | - | - | - | 1,991 | 0 | 0 | 0 |
Interest Paid, Including Capitalized Interest, Operating and Investing Activities | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | - | - | 0 | 0 | - | - | - | - | - | 692 | 953 | 1,361 | 1,572 | 0 | 0 | 0 | - | - | - | - |
Interest on investment agreements | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 399 | - | - | 311 | 404 | 518 | 651 | 995 | 1,034 | 2,556 | 3,266 | 4,621 | 5,916 | 7,264 | 7,187 | 8,664 | 7,872 | 8,456 | 0 | 0 | 0 |
Cash payments related to reorganization items: | ||||||||||||||||||||||||||||||
Variable interest entity activities | ||||||||||||||||||||||||||||||
25,000 | 38,000 | 30,477 | 21,064 | 18,426 | 3,000 | 0 | 0 | 0 | 0 | -2,556 | - | - | 71,043 | -19,708 | -32,212 | -142,904 | -96,911 | -54,165 | -10,297 | 98,917 | 49,945 | 50,883 | 27,777 | -238,711 | -189,840 | -193,023 | -214,368 | 0 | 0 | 0 |
Increase (Decrease) in Derivative Assets and Liabilities | ||||||||||||||||||||||||||||||
-19,000 | 1,000 | 12,004 | 17,644 | 5,438 | 17,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other, net | ||||||||||||||||||||||||||||||
-86,000 | -80,000 | -93,010 | -111,892 | -113,493 | -67,000 | 0 | 0 | 0 | 0 | -13,361 | - | - | -47,257 | -158,678 | -152,846 | -76,112 | -14,939 | 84,753 | 87,877 | -8,662 | -218,552 | -299,703 | -105,906 | 184,768 | 198,766 | 98,251 | -28,873 | 0 | 0 | 0 |
Net cash used in operating activities | ||||||||||||||||||||||||||||||
-303,000 | -311,000 | -421,288 | -496,273 | -446,438 | -1,543,000 | 0 | 0 | 0 | 0 | 909,642 | - | - | -1,105,439 | -1,004,454 | -971,509 | 361,021 | 319,614 | 225,433 | 264,238 | -46,712 | -532,434 | -576,918 | -613,898 | -600,941 | -168,577 | -38,908 | 3,557 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||||||||||||||||||||||||
Proceeds from sales of bonds | ||||||||||||||||||||||||||||||
792,000 | 1,212,000 | 1,208,474 | 1,313,731 | 1,592,922 | 1,248,000 | 0 | 0 | 0 | 0 | 650,954 | - | - | 2,837,247 | 3,336,771 | 3,125,864 | 2,047,477 | 1,593,624 | 1,219,498 | 1,063,546 | 901,873 | 629,034 | 678,251 | 592,672 | 718,609 | 822,041 | 577,011 | 635,178 | 0 | 0 | 0 |
Proceeds from matured bonds | ||||||||||||||||||||||||||||||
393,000 | 379,000 | 456,423 | 492,193 | 363,005 | 432,000 | 0 | 0 | 0 | 0 | 1,026,930 | - | - | 1,376,435 | 1,472,329 | 1,402,904 | 1,048,845 | 927,140 | 843,635 | 869,009 | 895,891 | 1,025,629 | 1,156,999 | 1,109,468 | 1,093,440 | 835,071 | 681,259 | 675,932 | 0 | 0 | 0 |
Purchases of bonds | ||||||||||||||||||||||||||||||
926,000 | 959,000 | 1,045,405 | 790,810 | 633,531 | 528,000 | 0 | 0 | 0 | 0 | 2,457,771 | - | - | 3,000,336 | 3,231,636 | 2,937,782 | 3,360,296 | 2,789,300 | 2,838,623 | 2,456,122 | 1,841,065 | 1,339,969 | 859,738 | 798,740 | 896,626 | 1,235,787 | 1,227,861 | 1,251,271 | 0 | 0 | 0 |
Proceeds from sales of other invested assets | ||||||||||||||||||||||||||||||
322,000 | 81,000 | 120,034 | 156,073 | 129,673 | 159,000 | 0 | 0 | 0 | 0 | 144,204 | - | - | 106,257 | 49,388 | 49,739 | 70,791 | 129,012 | 126,961 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Purchases of other invested assets | ||||||||||||||||||||||||||||||
303,000 | 137,000 | 181,148 | 238,524 | 157,242 | 140,000 | 0 | 0 | 0 | 0 | 133,700 | - | - | 182,096 | 123,493 | 133,928 | 64,517 | 90,918 | 157,597 | 250,698 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Change in short-term investments | ||||||||||||||||||||||||||||||
-327,000 | 218,000 | 103,938 | 379,951 | 587,262 | -127,000 | 0 | 0 | 0 | 0 | 215,780 | - | - | -147,117 | 5,877 | 88,946 | 1,671 | -266,990 | -511,511 | -349,221 | -122,920 | -357,564 | -125,890 | -121,413 | -110,659 | -56,294 | -181,374 | -208,496 | 0 | 0 | 0 |
Loans, net | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | -385 | - | - | -675 | -756 | -465 | -81 | -703 | -1,032 | -1,615 | -2,823 | -1,692 | -10,552 | -9,793 | -9,655 | -10,118 | -1,154 | -1,171 | 0 | 0 | 0 |
Change in cash collateral receivable | ||||||||||||||||||||||||||||||
-13,000 | 100,000 | 6,065 | 6,174 | -21 | -58,000 | 0 | 0 | 0 | 0 | 618 | - | - | -47,914 | -160,069 | -158,240 | -119,283 | -104,545 | -38,450 | -1,300 | 18,847 | 29,873 | 4,329 | 43,635 | 42,980 | 33,271 | -4,230 | -45,380 | 0 | 0 | 0 |
Proceeds From Financial Guaranty Variable Interest Entity Assets | ||||||||||||||||||||||||||||||
542,000 | 543,000 | 673,671 | 333,102 | 336,083 | 349,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other, net | ||||||||||||||||||||||||||||||
3,000 | 2,000 | 3,102 | 5,764 | -377 | 0 | 0 | 0 | 0 | 0 | -572 | - | - | -8,292 | -18,208 | -15,077 | -10,899 | -3,309 | -327 | -23,187 | -41,309 | 7,732 | 19,838 | 40,261 | 64,229 | 7,589 | -3,198 | -3,900 | 0 | 0 | 0 |
Net cash provided by investing activities | ||||||||||||||||||||||||||||||
1,132,000 | 1,000,000 | 1,130,074 | 885,224 | 1,043,004 | 1,588,000 | 0 | 0 | 0 | 0 | -983,588 | - | - | 1,245,677 | 1,356,377 | 1,275,153 | -367,674 | -63,985 | -331,706 | -311,475 | -38,902 | 504,011 | 982,733 | 1,037,980 | 1,014,488 | 513,419 | 211,905 | 228,026 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||||||||||||||||||||||||||
Proceeds From Issuance of Tier II Notes | ||||||||||||||||||||||||||||||
- | - | - | - | - | 240,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Paydown of Ambac Note | ||||||||||||||||||||||||||||||
242,000 | 178,000 | 56,992 | 122,457 | 227,000 | 214,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Paydowns of a secured borrowing | ||||||||||||||||||||||||||||||
- | - | - | - | - | 74,000 | 0 | 0 | 0 | 0 | 22,404 | - | - | 0 | 0 | - | - | - | - | 13,136 | 17,513 | 17,753 | 17,799 | 21,012 | 0 | 0 | 0 | - | - | - | - |
Paydown of Financial Guaranty Variable Interest Entity Liabilities | ||||||||||||||||||||||||||||||
545,000 | 542,000 | 671,968 | 303,058 | 332,083 | 349,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of investment and repurchase agreements | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 123 | 0 | 0 | 0 |
Payments From Drawdowns Of Borrowings Under Guaranteed Investment Agreements | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 14,000 | - | - | 59,842 | 249,842 | 199,970 | 0 | 0 | 0 | - | - | - | - | 186,786 | 176,913 | 149,824 | 169,111 | 258,364 | 0 | 0 | 0 |
Payments for extinguishment of surplus notes | ||||||||||||||||||||||||||||||
- | - | - | - | - | 191,000 | 0 | 0 | 0 | 0 | 25,205 | - | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Payments of Debt Issuance Costs | ||||||||||||||||||||||||||||||
- | - | - | - | - | 9,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
AMPS Proceeds | ||||||||||||||||||||||||||||||
16,000 | 19,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from Warrant Exercises | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 1 | - | - | 17 | 17 | 16 | 15 | 2 | 17 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payment, Tax Withholding, Share-based Payment Arrangement | ||||||||||||||||||||||||||||||
4,000 | 3,000 | 2,494 | 2,082 | 1,975 | 1,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash collateral received | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,440 | 0 | 0 | 0 |
Net cash used in financing activities | ||||||||||||||||||||||||||||||
-761,000 | -691,000 | -693,653 | -387,701 | -610,782 | -585,000 | 0 | 0 | 0 | 0 | 76,447 | - | - | -180,734 | -356,982 | -307,111 | 21,434 | -201,683 | -14,978 | -19,046 | -75,716 | -99,890 | -392,611 | -396,244 | -344,798 | -313,209 | -140,692 | -225,081 | 0 | 0 | 0 |
Effect of Exchange Rate on Cash and Cash Equivalents | ||||||||||||||||||||||||||||||
0 | 0 | 206 | 502 | 278 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash flow | ||||||||||||||||||||||||||||||
66,000 | -2,000 | 14,339 | 752 | -13,938 | -541,000 | 0 | 0 | 0 | 0 | 2,501 | - | - | -40,496 | -5,059 | -3,467 | 14,781 | 53,946 | -121,251 | -66,283 | -161,330 | -128,313 | 13,204 | 27,838 | 68,749 | 31,633 | 32,305 | 6,502 | 0 | 0 | 0 |
Professional fees paid for services rendered in connection with the Chapter 11 proceeding | ||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 272 | 340 | 15,018 | 15,627 | 18,792 | 20,203 | 6,226 | 10,746 | 9,141 | 20,509 | 26,484 | 27,437 | 31,253 | 0 | 0 | 0 |