ARGO GROUP INTERNATIONAL HOLDINGS, LTD. ARGO Cash Flow

Argo group international holdings, ltd. (ARGO)

CashFlow / TTM

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
Cash flows from operating activities:
Net income
-118,400	-8,400	51,300	117,000	130,000	63,600	136,100	34,200	38,400	50,300	54,300	170,800	155,700	146,700	155,000	135,100	132,100	163,200	181,700	191,100	201,800	183,200	171,300	157,600	150,700	143,200	90,700	73,100	65,400	52,300	58,400	34,200	31,800	-81,900	-66,400	-32,600	-28,100	86,700	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Amortization and depreciation
25,600	27,300	29,200	31,900	32,500	31,900	32,500	31,700	31,600	33,800	32,400	33,500	33,700	35,400	35,400	36,900	39,800	38,700	40,100	38,800	35,700	37,200	38,600	38,900	40,300	39,600	37,500	39,000	37,900	36,600	36,900	34,100	33,200	30,800	28,600	28,400	29,400	31,200	0	0	0
Share-based payments expense
15,200	16,900	15,600	16,100	17,700	18,300	15,500	15,700	12,600	12,300	19,900	21,800	21,700	19,800	19,400	21,800	26,900	29,100	27,100	21,300	20,400	19,600	18,800	19,900	19,100	23,300	20,400	21,100	16,500	10,500	10,000	7,200	6,600	4,600	5,900	7,200	8,300	10,100	0	0	0
Excess tax benefit from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	200	0	100	0	0	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Deferred income tax (benefit) provision, net
-51,600	-26,500	-7,400	-2,500	-3,600	-12,600	-18,900	-20,100	-27,600	-17,900	-9,800	-11,900	1,000	-1,100	-3,200	12,800	8,400	8,300	18,500	24,900	30,300	27,600	22,300	2,100	1,900	3,800	6,800	7,000	3,100	5,000	2,500	8,100	17,400	10,200	11,200	2,500	-7,000	-3,800	0	0	0
Amortization of debt extinguishment costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized Investment Gains (Losses)
-8,600	80,000	-22,700	-2,300	-3,800	-72,000	23,200	15,000	9,000	39,300	38,400	50,100	43,500	26,100	16,500	5,400	10,200	24,100	52,400	58,700	74,500	74,500	84,200	80,400	72,900	71,300	-14,800	-15,600	-3,100	-25,700	30,200	25,800	33,800	49,200	45,500	50,700	24,200	36,400	0	0	0
Undistributed earnings from alternative investment portfolio
-20,500	-19,900	-18,500	-17,300	-13,000	-19,800	-31,600	-30,500	-49,900	-49,500	-41,700	-45,900	-33,800	-23,900	-19,200	-6,400	3,500	-3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposals of long-lived assets, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposals of long-lived assets, net
-	-	-	-	-	-	-	-	-	-2,100	-1,100	-1,500	-1,600	100	-200	-100	-100	-200	-200	-200	-200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in:
Accrued investment income
-4,300	-1,500	1,300	1,800	3,100	3,500	2,700	1,800	2,500	2,700	1,500	2,100	300	-900	900	100	400	-500	-1,000	-3,400	-2,900	-3,400	-3,800	-3,900	-3,600	-5,300	-3,500	-3,500	-7,400	-2,000	-2,700	-1,800	2,800	-1,200	-400	-1,300	-100	2,700	0	0	0
Receivables
244,600	460,400	691,600	666,100	556,600	557,500	60,300	552,100	624,600	602,700	753,400	236,600	223,700	318,000	275,900	247,500	241,600	182,600	119,600	32,700	16,800	-256,700	-304,300	-273,400	-270,600	-86,700	13,200	38,300	-238,300	-24,900	-33,600	-27,300	238,700	-53,600	-111,700	-144,800	-198,000	-255,800	0	0	0
Deferred acquisition costs
-8,600	-7,000	-15,400	2,300	5,300	7,300	7,000	-800	7,900	11,500	11,200	8,400	8,600	6,400	5,800	5,300	7,000	8,500	11,900	13,700	12,700	7,300	11,600	10,700	13,700	14,100	7,200	6,700	-1,100	-2,100	-4,400	-4,400	-7,800	-12,900	-16,000	-25,200	-34,300	-39,100	0	0	0
Ceded unearned premiums
94,400	87,800	80,100	96,400	58,700	47,600	53,000	50,600	54,900	4,200	57,200	31,900	37,600	51,200	47,200	50,200	51,600	45,900	39,700	21,100	8,200	12,400	-3,300	4,100	21,900	4,000	19,100	26,000	91,400	14,500	-14,400	19,200	-24,800	15,400	43,800	1,000	-28,400	-33,700	0	0	0
Reserves for losses and loss adjustment expenses
415,000	509,000	552,400	492,600	396,200	338,300	-121,800	497,400	587,900	653,900	822,500	254,600	228,900	220,200	172,600	104,200	111,100	94,300	61,600	4,500	-1,700	-182,000	-178,000	-166,400	-173,600	-8,900	-2,900	12,000	-59,800	-78,900	-133,100	-143,800	-95,000	138,900	119,300	141,300	117,300	-51,100	0	0	0
Unearned premiums
127,000	111,700	94,700	112,400	72,600	76,400	102,400	99,200	125,900	85,500	122,300	66,900	67,700	80,100	73,800	60,300	83,100	76,500	74,500	63,200	48,900	39,100	20,200	28,700	47,600	51,400	62,000	80,800	75,900	72,600	64,200	66,600	24,300	4,100	-26,300	-88,500	-125,800	-149,500	0	0	0
Ceded reinsurance payable and funds held
74,700	246,500	280,000	226,600	168,400	226,500	60,400	112,000	259,300	88,800	205,000	72,100	9,500	153,600	151,200	208,300	236,800	157,200	129,900	65,400	-129,600	-163,900	-217,600	-195,800	-119,600	-246,400	-192,400	-177,200	-110,500	-67,500	-67,000	-51,100	18,700	-97,400	-57,700	-96,100	-154,400	-180,800	0	0	0
Income taxes
22,000	8,900	-7,000	-16,600	-6,500	-6,100	-3,600	100	-5,800	-8,900	3,700	16,700	18,000	19,900	25,300	3,700	-2,000	3,300	13,300	2,200	3,500	-19,700	-16,000	-200	2,200	17,000	6,100	12,700	2,600	-1,700	-6,400	-7,800	-4,900	-6,700	-11,600	-12,900	-12,600	3,000	0	0	0
Accrued underwriting expenses and other liabilities
-42,300	-5,400	32,900	-33,600	10,500	110,200	104,800	154,800	102,100	-23,500	-34,000	-17,000	-29,300	-18,900	-32,300	-16,500	-14,500	-24,600	-12,100	-16,900	-13,900	11,700	-27,500	-15,100	500	-4,000	35,400	24,800	20,000	21,000	3,500	4,900	13,500	-5,800	-2,600	-3,100	-42,700	-22,400	0	0	0
Sale of trading investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	0	0	0
Other, net
55,900	79,900	22,600	-7,800	-18,100	-18,200	-13,300	22,600	20,400	1,500	30,400	46,300	67,200	48,900	34,200	31,600	7,600	-600	-3,400	-200	-49,000	-27,800	-26,900	-20,700	7,300	21,800	29,200	29,600	41,000	10,700	5,400	-9,700	-10,700	18,700	15,700	20,500	-10,800	18,200	0	0	0
Cash provided by (used in) operating activities
96,300	183,300	266,000	170,500	203,300	301,300	143,600	253,600	355,500	165,000	283,600	187,700	93,700	182,000	198,200	220,200	307,100	283,200	294,600	248,600	114,400	130,500	74,500	72,500	127,400	-200	-36,000	-37,300	-47,500	30,500	-10,400	-48,100	-18,100	-17,700	23,600	45,200	31,900	-3,100	0	0	0
Cash flows from investing activities:
Sales of fixed maturity investments
1,752,900	1,394,300	1,146,800	1,128,700	1,025,400	1,259,100	1,522,200	1,529,500	1,518,900	1,433,300	1,446,300	1,392,200	1,217,900	1,138,400	939,500	755,400	692,300	787,500	830,100	1,111,000	1,260,800	1,104,900	1,372,000	1,478,700	1,613,500	1,795,400	1,538,900	1,264,700	1,142,400	1,117,800	1,192,800	1,387,300	1,388,800	1,326,900	1,190,300	1,134,100	1,331,100	1,837,400	0	0	0
Maturities and mandatory calls of fixed maturity investments
614,600	522,200	335,700	298,700	339,600	418,600	560,200	631,900	641,000	678,300	656,900	664,500	1,051,600	1,002,700	1,045,500	1,134,600	835,100	843,900	716,800	548,800	386,600	323,000	301,200	227,700	245,100	281,800	342,300	488,000	491,600	483,000	519,100	453,600	436,200	450,900	511,500	522,900	541,600	539,300	0	0	0
Sales of equity securities
384,500	374,700	140,200	166,200	202,200	238,900	226,100	198,500	199,400	201,100	193,000	222,800	187,100	208,300	215,700	181,400	181,900	122,000	123,700	100,800	123,700	123,900	160,200	180,700	172,700	163,400	66,300	44,300	14,200	10,400	20,600	19,700	35,600	41,300	37,700	42,600	33,700	55,300	0	0	0
Sales of other investments
80,300	83,100	75,900	94,800	89,300	101,800	120,800	68,500	113,000	95,500	73,000	156,400	111,800	96,800	93,100	17,700	51,400	58,400	60,900	61,800	37,200	33,200	31,400	19,300	7,200	7,500	5,800	6,000	5,500	2,500	2,600	3,700	3,800	2,500	3,000	1,700	1,600	700	0	0	0
Purchases of fixed maturity investments
2,331,300	1,859,100	1,684,000	1,587,000	1,678,400	1,936,000	2,334,200	2,319,900	2,479,000	2,464,100	2,403,500	2,400,000	2,349,400	2,137,300	2,190,100	2,054,200	1,717,800	1,842,800	1,637,600	1,720,200	1,755,600	1,531,500	1,755,500	1,708,700	1,735,300	1,822,900	1,618,900	1,552,800	1,434,000	1,501,500	1,553,800	1,603,600	1,669,300	1,605,600	1,492,500	1,395,300	1,524,300	2,171,200	0	0	0
Purchases of equity securities
61,300	61,200	64,400	89,600	122,500	170,500	195,600	203,500	184,300	157,700	150,300	154,800	144,600	146,900	130,900	125,700	130,000	114,100	136,000	90,900	68,200	55,800	26,300	28,500	49,200	80,000	84,400	95,200	87,500	104,400	115,500	112,900	147,900	99,600	134,100	123,000	68,700	75,300	0	0	0
Purchases of other investments
56,400	63,700	63,000	57,500	44,900	42,600	48,000	45,500	40,600	39,000	31,200	36,000	72,300	96,300	100,300	92,600	87,700	77,200	166,900	176,800	162,900	149,500	51,500	78,500	55,800	72,900	74,100	33,200	34,400	15,600	34,000	32,800	79,500	73,200	58,700	60,700	25,500	24,300	0	0	0
Change in foreign regulatory deposits and voluntary pools
-4,200	0	-1,900	-6,200	-7,600	-13,000	-33,400	-15,400	-3,100	7,200	33,300	13,500	5,400	1,300	-800	600	-1,300	-3,500	-6,200	-6,400	-31,300	-21,200	-14,200	-13,200	15,500	7,700	200	7,300	23,500	21,000	14,500	7,500	-3,900	7,500	20,000	30,700	22,200	20,900	0	0	0
Change in short-term investments
416,400	490,400	85,000	-16,200	-72,200	132,200	31,900	83,900	-15,100	-306,700	-176,200	-129,700	13,600	193,900	-37,300	-79,900	12,400	-46,100	-21,900	1,100	-123,900	-75,300	85,700	67,200	185,000	145,300	-61,400	-12,700	-37,100	-58,700	22,200	-82,300	-110,300	-77,600	-89,900	21,600	123,900	-63,000	0	0	0
Settlements of foreign currency exchange forward contracts
-200	300	-4,700	6,100	400	-1,500	-900	-1,100	1,600	-2,900	1,800	-11,700	-4,300	-5,400	-10,600	1,300	-11,800	-10,100	-8,400	-5,800	-1,900	-1,100	3,100	-1,100	-3,400	-3,900	-6,600	-1,500	-900	400	-700	6,900	7,100	7,700	0	0	0	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	-	-	-	105,200	0	0	83,100	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of fixed assets
24,900	29,900	19,300	36,900	33,100	32,200	46,000	31,600	32,100	30,600	25,800	19,400	30,200	32,100	23,600	27,200	7,900	18,900	34,300	34,500	50,800	39,000	33,700	32,000	27,900	26,100	26,300	27,900	29,100	34,100	32,600	30,000	24,000	16,500	14,200	13,700	13,000	15,200	0	0	0
Other, net
-4,200	13,100	-25,700	6,100	29,300	300	10,300	18,500	24,200	29,500	25,600	4,900	-39,700	-21,900	-22,600	11,400	15,600	-8,100	-13,000	-7,800	-1,700	25,900	-5,500	-16,800	-14,700	-31,500	-1,900	0	-3,100	-100	900	16,700	5,000	2,400	1,700	8,200	-6,800	4,900	0	0	0
Cash flows from financing activities:
Cash used in investing activities
-49,800	-142,800	-194,200	-60,200	-171,500	-268,300	-188,600	-244,600	-274,600	-121,300	-227,700	-179,900	-94,800	-145,100	-101,000	-141,400	-221,200	-193,600	-210,600	-192,700	-74,200	-121,300	-65,100	20,400	-18,900	120,800	208,700	97,800	84,500	-3,700	-41,200	150,000	60,000	102,100	119,700	48,100	137,200	183,900	0	0	0
Additional long-term borrowings
-	-	-	-	-	-	-	-	-	125,000	125,000	125,000	125,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Activity under stock incentive plans
1,900	1,900	2,000	2,300	1,700	1,600	1,500	1,100	1,400	1,400	1,300	1,300	900	1,000	0	0	0	-	-	-	4,700	4,600	4,500	3,400	2,100	2,600	1,900	2,500	2,500	1,200	900	600	600	1,100	3,600	4,100	4,400	4,300	0	0	0
Repurchase of Company's common shares
-	-	-	-	-	31,700	38,600	61,800	63,800	45,200	38,400	9,900	28,100	47,100	45,300	44,800	31,700	29,700	39,600	44,500	64,100	50,800	47,300	46,800	37,300	46,500	45,700	47,300	47,800	44,200	52,200	56,200	40,600	49,500	74,900	89,600	93,400	105,200	0	0	0
Excess tax benefit from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	200	0	100	0	0	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Payment of cash dividends to common shareholders
43,000	43,100	42,000	41,500	39,000	37,500	36,300	35,300	34,200	33,200	31,700	30,100	28,700	26,600	25,400	24,600	23,200	22,700	21,900	20,700	19,900	18,200	17,400	16,700	16,100	15,800	14,800	13,900	12,900	12,300	12,400	12,600	12,800	13,100	13,400	13,600	13,900	14,200	0	0	0
Cash (used in) provided by financing activities
-41,700	-41,800	-42,300	-51,500	-50,400	-67,600	-73,400	-96,000	-96,600	48,000	56,200	86,300	69,100	-72,700	-70,400	-66,100	-53,800	-50,600	-58,100	-82,200	-97,300	-82,400	-78,200	-59,900	-51,000	-59,500	-176,100	-37,200	-36,700	-33,800	75,500	-68,300	-52,900	-61,600	-84,800	-114,200	-103,200	-115,400	0	0	0
Effect of exchange rate changes on cash
1,200	-100	-2,900	-3,200	-2,400	-2,800	1,100	-800	-1,300	-1,100	100	-200	-200	100	600	1,400	1,700	1,700	-2,800	-3,400	-3,300	-3,200	300	1,200	800	500	500	1,100	-200	100	800	-5,000	-3,300	-3,600	0	0	0	-	-	-	-
Change in cash
6,000	-1,400	26,600	55,600	-21,000	-37,400	-117,300	-87,800	-17,000	90,600	112,200	93,900	67,800	-35,700	27,400	14,100	33,800	40,700	23,100	-29,700	-60,400	-76,400	-68,500	34,200	58,300	61,600	-2,900	24,400	100	-6,900	24,700	28,600	-14,300	19,200	53,600	-20,800	65,900	65,400	0	0	0
Ariscom [Member]
Cash acquired with acquisition of Ariscom
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-