AXIS CAPITAL HOLDINGS LTD AXS Cash Flow

Axis capital holdings ltd (AXS)

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
Net income (loss)
36,865	323,473	136,436	152,130	78,600	43,021	203,384	-307,792	-315,622	-368,969	-192,633	451,064	484,837	513,368	509,253	580,280	524,192	641,631	667,709	693,032	821,918	804,564	815,242	682,914	564,379	727,465	536,106	617,616	722,961	547,241	646,334	635,464	556,683	46,305	230,584	257,367	361,151	856,723	0	0	0
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Net investment (gains) losses
15,589	91,233	-23,976	-56,299	-122,621	-144,297	-28,762	3,667	44,367	28,226	-35,041	-44,468	-19,067	-60,525	-55,168	-130,329	-162,446	-138,491	-112,839	34,564	78,935	132,108	140,889	58,733	41,706	75,564	87,774	143,286	157,456	127,469	91,961	98,714	105,786	121,439	202,950	221,924	209,066	195,098	0	0	0
Net realized and unrealized (gains) losses on other investments
51,391	60,038	52,500	56,405	38,731	45,153	57,928	59,413	67,502	72,763	72,311	93,301	84,057	38,669	25,649	-39,295	-37,964	20,148	29,369	53,406	71,797	57,621	87,276	122,787	102,142	128,814	102,709	104,823	90,634	87,623	97,443	32,550	46,402	31,013	31,041	85,889	72,393	63,627	0	0	0
Amortization of fixed maturities
-19,026	-18,499	-17,732	-17,613	-20,600	-24,663	-31,311	-38,194	-40,689	-43,292	-46,789	-51,475	-59,319	-65,921	-73,238	-78,053	-84,951	-97,223	-105,112	-112,113	-114,332	-113,879	-118,733	-122,936	-209,263	-139,667	-341,816	-270,050	-126,369	-135,297	129,514	114,215	102,971	93,356	86,133	77,931	90,135	61,122	0	0	0
Interest in (income) loss of equity method investments
-16,078	9,718	1,593	2,467	1,724	-495	3,557	1,230	-2,636	-8,402	-8,062	-9,835	-7,860	-2,094	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of value of business acquired
15,417	26,722	47,463	82,113	128,326	172,332	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amortization and depreciation
67,099	75,229	33,825	28,559	22,250	9,795	45,022	41,409	36,187	31,367	26,482	25,956	25,746	24,573	17,492	27,331	25,054	26,341	33,520	24,316	15,662	24,970	24,216	22,778	32,953	23,272	20,240	18,342	17,020	13,821	14,966	17,600	16,479	16,905	16,268	14,126	15,386	14,104	0	0	0
Share-based compensation expense, net of cash payments
31,520	32,491	29,361	31,739	32,148	34,346	37,296	35,220	35,944	12,667	25,147	24,748	28,810	52,211	46,197	45,206	36,861	43,052	43,598	49,937	59,371	63,237	58,788	53,995	51,856	57,168	55,469	53,402	69,924	67,912	65,448	64,521	40,687	39,134	39,227	37,482	36,785	36,695	0	0	0
Non-cash foreign exchange losses (gains)
-	-	-	-	-	-	-	-	-	-24,149	24,149	24,149	24,149	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in:
Accrued interest receivable
-1,830	-2,140	5,560	3,589	4,990	3,184	11,998	10,400	6,599	4,353	-4,559	-1,061	-2,095	885	-5,066	-6,099	-8,423	-8,908	-15,685	-12,930	-9,263	-13,788	-6,384	-3,895	-6,371	-88	2,631	-2,319	2,017	-1,126	334	33	-153	1,982	2,562	2,698	9,606	6,805	0	0	0
Reinsurance recoverable balances on unpaid and paid losses
573,782	412,076	512,711	629,310	751,459	766,690	610,908	657,330	593,758	131,160	-47,202	-169,120	-179,078	176,532	219,842	177,296	211,527	214,992	148,147	136,452	44,642	16,204	56,897	-30,790	16,136	66,169	110,100	189,083	128,950	93,490	30,394	17,757	77,819	192,782	207,404	229,521	242,860	153,375	0	0	0
Deferred acquisition costs
-91,441	-74,331	-95,922	-50,798	-18,134	98,329	125,615	123,763	116,952	35,076	16,990	-34,356	-36,757	-33,212	1,155	29,511	29,996	4,744	-12,087	-28,059	-17,358	11,026	51,581	80,148	72,875	66,874	44,341	40,656	13,750	-18,279	-16,743	8,266	49,069	48,227	74,517	74,956	78,315	56,980	0	0	0
Prepaid reinsurance premiums
9,277	88,789	130,129	130,831	254,449	212,654	189,411	237,752	188,615	56,377	152,625	238,217	207,611	158,809	162,587	113,407	77,761	46,955	71,930	53,842	63,419	25,185	12,252	4,323	-1,664	14,585	46,596	60,266	72,682	77,053	53,915	25,820	15,127	17,227	4,919	-26,258	-78,574	-80,489	0	0	0
Reserve for losses and loss expenses
810,884	467,428	479,907	302,590	263,157	442,839	265,085	1,115,366	1,426,862	1,004,578	756,159	-66,170	-233,429	54,476	155,773	132,209	323,651	151,011	74,088	412,290	9,707	46,903	1,134,075	589,571	477,069	523,409	-733,446	-742,166	-498,359	-633,686	-416,229	-198,039	-585,483	-1,392,670	-1,400,313	-1,683,836	-1,254,339	-468,242	0	0	0
Unearned premiums
-136,508	-7,958	-85,354	-92,592	-123,032	29,760	36,201	210,982	344,967	-56,603	56,360	-14,605	32,466	198,938	331,917	378,353	297,146	29,841	-19,072	-74,056	-73,760	58,376	151,606	196,664	234,017	229,157	219,412	250,832	170,281	230	-34,731	-23,594	27,001	120,786	191,381	200,716	190,045	124,279	0	0	0
Insurance and reinsurance balances, net
-5,638	51,075	-121,685	-282,423	-504,626	-208,783	-92,877	195,364	377,368	81,831	52,161	-109,050	32,166	209,895	367,620	372,934	392,545	74,578	20,118	-33,138	-109,050	102,593	207,900	277,012	277,846	250,463	186,617	197,876	88,963	-3,218	-13,923	-114,538	-20,225	28,562	72,737	1,074,753	1,063,101	59,017	0	0	0
Other items
96,256	94,379	77,339	52,429	-24,889	-26,452	-138,151	-62,804	61,067	64,928	74,687	24,864	-41,792	13,804	66,105	-14,117	-16,179	-16,119	-53,369	-7,904	-29,342	-81,202	-43,404	-4,075	54,548	789	2,151	-19,040	-97,349	-85,442	-92,149	-123,905	-32,515	77,782	55,286	173,090	91,312	-81,025	0	0	0
Net cash used in operating activities
206,952	199,004	121,121	36,641	40,966	10,773	78,311	67,885	207,605	259,229	453,499	493,081	384,713	406,724	353,580	738,124	805,038	791,200	829,371	585,551	682,826	862,182	944,083	1,032,291	1,027,645	1,096,968	1,121,224	1,113,977	1,165,667	1,120,617	1,086,528	1,061,548	1,087,994	1,190,142	1,312,490	1,241,689	1,130,004	1,187,777	0	0	0
Cash flows from investing activities:
Purchases of:
Fixed maturities
10,345,992	9,994,025	9,462,235	8,568,844	8,414,808	8,464,140	9,171,958	8,858,974	8,518,890	8,714,990	8,802,763	9,255,356	9,290,537	9,176,728	9,525,711	10,244,776	10,532,191	11,011,979	11,375,670	10,920,610	11,785,126	12,047,004	11,775,940	12,731,475	12,932,685	12,230,274	11,942,556	12,499,748	11,994,195	13,513,143	14,143,258	15,457,971	15,792,112	15,472,001	15,268,082	14,100,207	13,462,316	12,429,332	0	0	0
Equity securities
50,651	58,022	59,153	50,580	54,088	73,107	56,372	54,345	50,099	106,136	115,531	188,519	298,150	302,554	412,029	475,771	418,341	356,617	294,645	451,351	532,604	564,562	560,049	319,763	243,285	240,926	310,510	296,415	339,739	377,749	401,091	479,203	544,897	603,746	622,568	538,558	417,664	257,674	0	0	0
Mortgage loans
263,793	194,020	157,803	141,882	61,298	106,171	88,344	81,065	90,915	31,077	38,175	37,734	87,187	148,450	207,847	247,508	267,454	206,191	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investments
168,997	218,178	267,535	264,174	218,410	180,126	96,943	103,607	121,163	153,150	148,396	124,263	136,490	190,370	199,470	202,206	179,765	83,561	76,861	92,512	77,110	75,542	85,854	95,115	79,249	166,835	141,253	129,232	167,436	110,084	150,084	190,084	225,084	220,000	200,000	165,000	110,000	65,000	0	0	0
Payments to Acquire Equity Method Investments
-	-	-	-	-	-	-	-	-	1,000	5,365	5,365	108,913	107,913	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term investments
188,537	179,230	147,527	167,293	333,027	305,670	305,920	271,893	96,977	41,609	130,060	171,976	179,136	190,747	127,401	77,124	79,487	80,069	141,214	237,188	263,892	669,494	602,546	589,126	560,878	198,168	256,117	303,694	361,988	383,981	528,040	659,758	756,542	841,124	784,965	622,338	541,811	578,762	0	0	0
Proceeds from the sale of:
Proceeds from the sale of:
Fixed maturities
8,546,220	8,018,658	7,652,367	6,930,652	7,122,791	7,586,536	7,607,219	7,502,539	7,018,562	7,004,973	7,192,051	7,300,471	7,861,233	7,905,316	8,702,304	9,331,602	9,082,349	9,432,226	9,970,980	9,675,207	10,530,150	10,799,112	10,107,796	10,711,652	11,158,923	10,261,256	9,894,498	10,595,054	10,027,244	11,144,351	11,928,428	13,319,044	13,828,397	13,754,436	13,502,724	12,152,877	11,228,005	10,622,948	0	0	0
Equity securities
31,449	36,016	55,780	28,736	66,101	246,196	438,401	540,792	572,453	448,058	242,215	222,014	290,963	305,642	458,745	484,052	360,089	275,357	255,874	545,661	667,728	740,900	641,775	302,254	241,760	323,423	395,877	397,076	513,840	468,473	450,934	456,130	299,593	222,506	200,742	154,600	150,453	126,076	0	0	0
Other investments
213,619	249,129	372,617	432,857	384,402	361,030	268,442	175,651	173,659	260,943	249,363	282,739	299,793	215,578	178,176	150,612	221,168	252,418	252,749	337,311	215,663	213,508	220,863	135,723	147,993	93,277	88,032	69,974	55,260	53,590	52,156	48,050	57,037	70,988	120,843	175,113	169,642	179,607	0	0	0
Short-term investments
134,717	266,057	268,589	283,080	317,709	178,983	183,683	137,251	88,912	49,280	6,041	49,413	44,921	54,165	80,025	43,141	61,985	125,311	209,475	234,955	451,514	526,460	495,462	474,584	296,379	197,690	205,897	301,563	278,681	354,924	499,430	660,514	717,294	710,178	615,220	430,622	414,390	423,451	0	0	0
Proceeds from redemption of fixed maturities
1,428,853	1,282,796	1,144,332	1,104,649	1,199,838	1,241,214	1,444,994	1,673,467	1,807,792	2,009,982	2,061,734	1,976,875	1,768,157	1,492,588	1,278,483	1,184,154	1,373,089	1,407,806	1,408,236	1,336,166	1,087,293	1,086,244	1,048,447	1,161,302	1,329,576	1,407,676	1,541,092	1,557,978	1,475,032	1,456,553	1,367,433	1,347,938	1,291,862	1,422,171	1,521,578	1,504,809	1,433,693	1,236,076	0	0	0
Proceeds from redemption of short-term investments
18,728	19,366	23,794	22,830	32,222	45,831	40,997	33,888	23,518	119,427	144,622	150,118	146,195	36,546	9,535	19,239	21,337	23,687	38,740	70,958	70,558	80,474	75,736	59,099	65,308	61,715	56,488	26,212	33,736	69,751	88,888	113,894	119,537	151,216	143,068	135,629	139,523	113,074	0	0	0
Proceeds from the repayment of mortgage loans
60,400	60,244	83,359	92,826	113,087	133,081	116,214	86,709	66,439	56,435	10,934	15,507	15,273	5,040	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of other assets
64,540	63,106	49,985	44,807	37,154	25,103	33,761	43,523	38,258	42,685	33,936	26,041	-13,145	27,149	34,337	34,903	73,757	33,683	18,952	16,911	6,352	20,857	27,208	29,702	35,851	24,304	26,389	32,667	37,436	35,322	49,619	43,325	41,296	42,193	24,786	25,024	22,481	17,854	0	0	0
Change in restricted cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,843	9,863	-21,985	-29,598	142,435	116,936	179,670	223,315	56,989	39,934	32,396	-26,183	-9,414	-16,297	-95,373	-10,256	-195,962	-73,678	29,009	-14,851	118,292	90,491	-7,775	40,400	0	0	0
Net cash provided by (used in) investing activities
-648,524	-774,315	-543,400	-341,950	117,365	638,554	-47,222	348,821	368,092	391,510	602,112	122,920	327,640	-129,036	60,890	-182,899	-408,993	-225,697	-43,154	285,144	178,152	-154,076	-518,507	-960,501	-644,405	-489,287	-485,527	-297,602	-421,628	-862,381	-688,861	-811,093	-1,075,220	-832,718	-914,518	-987,968	-1,010,791	-687,790	0	0	0
Cash flows from financing activities:
Net proceeds from issuance of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	494,344	494,344	494,344	494,344	0	0	0	0	-	-	-	-	-	-	-	-	494,870	0	0	0
Net proceeds from issuance of preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	393,544	393,544	393,544	393,968	0	0	0	0	-	-	-	-
Payments for Repurchase of Common Stock
-	-	-	-	-	-	-	-	-	261,180	372,356	494,968	479,964	495,426	371,193	551,303	427,634	314,204	406,768	251,071	403,247	543,202	581,281	449,724	504,031	472,263	360,407	520,339	400,744	317,687	366,897	189,044	99,069	65,885	292,949	305,158	426,543	709,583	0	0	0
Taxes paid on withholding shares
9,653	10,165	10,826	10,818	11,920	10,080	8,897	8,984	8,581	24,678	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid - common shares
138,267	137,209	136,258	135,278	134,489	133,502	132,934	132,015	131,764	135,032	134,521	134,165	134,228	132,323	129,711	128,829	125,185	118,652	117,138	115,886	118,160	117,619	118,097	117,017	114,799	118,426	118,839	120,242	121,278	120,487	122,250	121,129	209,533	206,455	201,486	198,746	106,232	108,302	0	0	0
Repurchase of preferred shares
0	-	-	-	0	-	-	-	-	-	-	-	-	51,769	2,843	2,843	2,843	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid - preferred shares
41,113	42,625	42,625	42,625	42,625	42,625	42,625	42,625	48,659	52,844	52,157	51,470	44,747	39,909	39,962	40,015	40,069	40,088	40,088	40,088	40,088	40,088	40,088	40,487	40,474	39,193	37,912	43,175	37,750	38,228	38,706	32,240	36,875	36,875	36,875	36,875	36,875	36,875	0	0	0
Proceeds from issuance of common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	224	952	819	2,906	3,986	3,540	4,027	6,147	5,550	8,396	10,218	14,352	20,339	18,537	17,925	12,125	5,120	3,699	3,128	3,132	6,735	10,384	9,752	10,276	8,229	0	0	0
Sales of shares to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of capital to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
53,476	277,510	-143,375	-142,387	-189,034	-186,207	99,500	96,908	-401,589	-545,688	-465,682	-587,141	-215,068	-201,587	-560,805	-740,219	-610,873	-487,006	-1,060,454	-888,018	-1,040,348	-686,015	-171,726	-52,666	17,841	-441,094	-380,172	-547,382	-952,144	-481,811	-534,683	-349,814	51,623	-302,480	-520,926	-531,027	-559,374	-351,661	0	0	0
Effect of exchange rate changes on foreign currency cash, cash equivalents and restricted cash
22,901	44,238	21,807	15,717	-7,621	3,114	-9,318	-2,191	18,904	17,228	6,380	6,847	-9,653	-9,345	2,282	-11,456	5,914	-12,194	-23,887	-37,308	-40,150	-23,587	-13,026	14,097	5,017	-3,078	-5,557	-9,199	-14,078	1,543	1,385	-20,752	-5,824	-2,610	306	55,812	24,098	-7,425	0	0	0
Decrease in cash, cash equivalents and restricted cash
-365,195	-253,563	-543,847	-431,979	-38,324	466,234	121,271	511,423	193,012	122,279	596,309	35,707	487,632	66,756	-144,053	-196,450	-208,914	66,303	-298,124	-54,631	-219,520	-1,496	240,824	33,221	406,098	163,509	249,968	259,794	-222,183	-222,032	-135,631	-120,111	58,573	52,334	-122,648	-221,494	-416,063	140,901	0	0	0
Supplemental disclosures of cash flow information:
Income taxes paid (refund)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
-	-	-	-	-	15,698	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
72,696	59,563	59,841	63,710	54,516	64,822	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of Series A preferred shares included in other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-