Citizens, inc. (CIA)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income (loss)

-1,152

-1,370

-7,753

-16,908

-14,901

-11,062

-53,834

-43,276

-40,146

-38,127

6,193

5,506

6,416

1,969

96

-2,563

-5,959

-3,143

-12,027

-9,806

-6,742

-5,970

5,477

4,977

5,134

4,793

3,690

4,777

3,873

4,529

6,624

5,766

8,372

8,482

0

0

0

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Realized (gains) losses on sale of investments and other assets

-2,018

5,249

4,523

3,953

6,644

108

-1,475

-1,381

-1,320

518

533

983

1,074

-1,985

-4,749

-7,202

-7,184

-5,459

-2,154

31

-34

-19

-741

-489

-334

-247

-768

-35

129

196

1,831

1,103

844

765

0

0

0

Net deferred policy acquisition cost

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net deferred policy acquisition costs

-

-

-

-

-

-

-

0

-1,739

-

1,284

2,127

4,110

4,217

3,380

4,615

5,780

7,704

9,906

10,545

10,686

10,988

10,772

10,231

11,010

10,887

10,746

11,850

11,152

11,229

10,759

9,706

15,194

10,978

0

0

0

Amortization of cost of customer relationships acquired

1,495

1,546

2,133

2,144

2,198

2,458

2,017

2,286

2,289

2,129

2,104

2,110

2,037

2,063

2,137

2,101

2,215

2,317

2,352

2,200

2,298

2,182

2,187

2,415

2,361

2,408

2,452

2,369

2,469

2,467

2,719

2,829

2,927

2,998

0

0

0

Decrease in fair value of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-451

4

6

-773

-1,136

0

0

0

Depreciation

1,351

1,677

1,799

1,591

1,410

1,451

1,223

1,269

1,266

1,065

969

905

718

806

808

798

904

779

723

757

992

1,116

1,266

1,365

1,260

1,257

1,273

1,263

1,254

1,233

1,219

1,213

1,151

1,057

0

0

0

Amortization of premiums and discounts on investments

-11,209

-12,859

-14,639

-15,954

-16,886

-16,998

-16,989

-16,655

-16,655

-16,606

-16,365

-15,993

-15,416

-14,676

-13,945

-13,404

-12,732

-12,021

-11,509

-10,816

-10,163

-9,738

-9,702

-9,165

-8,849

-8,916

-8,195

-7,900

-7,364

-6,082

-5,114

-4,402

-3,982

-4,207

0

0

0

Stock-based compensation

832

2,099

2,030

1,784

1,870

410

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred federal income tax benefit

1,153

1,573

3,864

65,408

64,566

62,633

82,991

19,795

22,789

20,687

-6,193

-9,627

-19,738

-9,834

-1,810

374

10,728

3,515

-79,031

-76,485

-79,061

-78,880

-2,489

-3,592

-3,608

-3,733

-2,311

-2,059

-2,671

-2,159

-3,138

-3,288

-2,162

-1,776

0

0

0

Change in:
Accrued investment income

-1,050

-1,014

-741

-321

-597

-595

146

574

1,116

1,159

1,504

1,948

1,506

2,497

1,519

2,292

1,895

1,949

1,958

1,550

1,417

1,110

1,426

1,403

1,810

1,947

1,562

2,692

2,059

2,517

1,713

71

421

354

0

0

0

Reinsurance recoverable

-335

32

-30

-515

-193

-51

-291

154

-129

-147

235

-251

-30

-304

-372

-294

-312

-259

-276

-368

-363

31

-160

-1,943

-2,215

-5,257

-4,738

-2,413

-2,765

89

-662

-354

197

-167

0

0

0

Due premiums

528

-669

-1,601

-1,234

188

560

1,433

136

-368

-87

-32

170

425

1,033

-82

341

346

1,042

992

1,064

105

-432

33

-363

156

682

301

1,673

1,560

1,358

1,886

781

487

632

0

0

0

Future policy benefit reserves

38,676

41,479

43,065

38,460

45,956

48,496

57,469

75,250

76,150

75,920

74,900

75,028

73,465

74,583

72,275

71,866

75,355

76,901

81,171

81,186

81,412

81,918

78,876

75,541

73,126

69,933

66,853

67,758

66,872

66,394

66,221

63,742

59,925

57,999

0

0

0

Other policyholders' liabilities

6,510

5,387

1,836

-1,792

-217

940

1,654

6,142

4,363

5,860

9,899

9,343

10,327

7,521

3,813

2,990

2,698

6,059

10,045

10,973

11,191

8,840

8,186

7,493

4,528

3,820

2,091

2,854

6,175

5,200

4,039

3,636

1,919

2,761

0

0

0

Federal income tax receivable

-480

3,341

179

-48,791

-50,743

-52,079

-36,402

11,966

9,988

11,808

4,565

9,982

20,370

9,287

1,667

-576

-9,594

-6,837

76,756

74,918

74,540

78,207

376

847

956

860

-773

-143

734

631

1,532

766

268

1,013

0

0

0

Commissions payable and other liabilities

-145

2,924

4,750

9,387

10,685

3,609

4,112

-6,129

-7,840

-6,753

-3,556

-1,808

771

6,434

421

1,619

3,072

617

12,618

12,328

11,456

13,003

2,041

3,058

1,110

732

1,294

836

-1,082

516

-146

-795

1,405

1,408

0

0

0

Other, net

-395

1,707

1,398

2,619

2,462

752

483

284

-788

-59

-231

-194

-200

-224

52

-114

482

99

-114

-269

0

542

352

607

-557

-440

-482

-724

303

-217

348

584

-487

170

0

0

0

Net cash provided by operating activities

68,393

72,223

70,298

74,040

80,552

84,620

89,388

91,575

93,373

93,012

101,953

102,649

102,897

102,271

93,604

90,375

91,144

87,153

93,804

94,334

94,438

97,934

93,940

91,823

83,846

81,414

76,006

72,134

72,135

69,270

68,313

66,386

65,164

64,281

0

0

0

Cash flows from investing activities:
Maturities and calls of fixed maturities, held-to-maturity

-

-

-

-

-

20,699

22,109

23,254

10,145

9,095

12,300

11,520

9,680

14,405

14,430

16,695

19,390

20,395

26,223

22,592

18,674

20,991

11,723

20,322

29,240

38,413

52,463

80,715

166,345

169,880

185,341

172,241

86,611

83,611

0

0

0

Purchase of fixed maturities, available-for-sale

321,132

329,627

295,804

230,727

225,296

195,001

141,803

147,423

170,537

167,699

204,963

221,630

207,507

234,964

211,558

186,674

178,267

134,126

128,153

138,732

117,137

128,906

122,869

43,470

77,942

105,827

107,491

211,439

246,797

220,401

212,900

177,407

100,084

110,356

0

0

0

Sale of fixed maturities, available-for-sale

60,181

66,900

77,447

49,237

46,482

38,823

1,653

569

569

1,077

21,146

21,146

21,146

20,638

0

0

0

-

-

-

-

-

-

-

-

316

390

131

131

576

503

503

503

0

0

0

0

Maturities and calls of fixed maturities, available-for-sale

194,599

181,618

126,473

76,828

81,036

65,906

60,636

68,793

73,292

74,902

77,187

62,162

66,267

56,032

72,809

93,832

74,850

75,231

58,470

45,899

41,762

50,405

51,877

43,860

55,322

54,273

72,295

85,729

102,095

156,863

198,010

243,621

261,478

199,730

0

0

0

Purchases of equity securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of fixed maturities, held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

5,507

19,576

37,908

41,345

55,360

47,165

29,405

28,247

18,032

12,137

86,951

81,712

75,365

82,400

51,494

103,262

145,770

265,275

271,087

267,520

230,985

0

0

0

Sale of equity securities

-

-

-

-

-

-

-

-

-

-

-

-

7,040

5,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Calls of equity securities

-

-

-

-

-

-

-

-

-

-

850

849

1,122

822

422

273

0

150

150

150

250

200

300

300

400

500

500

900

795

920

820

670

857

682

0

0

0

Purchase of equity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

602

15,614

19,616

36,298

36,297

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on mortgage loans

11

9

8

8

9

9

9

8

7

37

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

0

0

0

Increase in policy loans, net

-146

1,180

2,954

3,969

5,839

7,090

7,797

8,195

8,020

7,063

6,501

6,225

5,605

6,506

5,746

6,505

6,723

6,134

6,393

4,651

5,000

5,164

5,216

6,177

5,416

5,875

4,575

4,710

4,702

3,903

4,710

4,170

3,839

3,480

0

0

0

Sale of other long-term investments and real estate

-13

6,983

6,981

7,009

7,009

14

15

2

3

3,041

3,076

3,077

3,076

37

2

2

2

60

60

59

59

2

2

2

2

2

2

2

4

5

0

0

0

-

-

-

-

Purchases of other long-term investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

86

105

89

116

0

0

0

-

-

-

-

Sale of property and equipment

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Sale of other long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchase of other long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchase of property and equipment

259

511

796

901

920

724

540

585

954

1,326

2,459

2,639

2,381

2,214

1,328

994

769

590

333

264

568

481

395

412

212

393

603

590

585

619

540

808

1,436

1,800

0

0

0

Maturity of short-term investments

9,740

9,090

0

0

0

-

-

-

-

-

-

-

-

256

250

250

251

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of short-term investments

2,501

2,456

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

531

531

531

2,909

2,378

0

0

0

-

-

-

-

Cash used in acquisition, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,810

4,810

4,810

4,810

0

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-66,700

-69,345

-90,907

-101,641

-86,867

-85,134

-65,727

-63,395

-94,804

-85,005

-92,179

-124,343

-110,268

-152,077

-106,867

-78,098

-90,272

-58,034

-110,578

-117,510

-108,083

-103,950

-81,035

-76,619

-75,612

-84,867

-76,355

-102,848

-93,949

-50,040

-96,327

-60,368

-45,974

-85,074

0

0

0

Cash flows from financing activities:
Warrants exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

822

874

1,894

1,911

1,843

0

0

0

Annuity deposits

6,794

6,717

6,991

6,713

7,031

7,265

7,328

8,586

8,416

9,346

9,670

9,058

9,487

8,673

8,269

8,088

7,873

8,103

7,841

8,651

7,875

7,243

7,482

6,068

6,543

6,296

6,554

6,420

6,686

7,030

6,331

6,643

6,406

6,380

0

0

0

Annuity withdrawals

7,390

8,505

7,611

7,500

7,493

7,323

7,236

7,182

6,889

6,799

6,706

6,552

6,320

6,184

5,575

5,248

4,820

5,103

5,222

5,092

5,107

5,112

5,088

4,848

5,078

4,549

4,348

4,363

4,114

4,038

3,786

4,015

3,861

3,898

0

0

0

Other

-246

-377

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-842

-2,165

-997

-1,164

-839

-58

92

1,404

1,527

2,547

2,964

2,506

3,167

2,489

2,694

2,840

3,053

3,000

2,619

3,559

2,768

2,131

2,394

1,220

1,465

1,747

2,206

2,811

3,326

3,814

3,419

4,522

4,456

4,325

0

0

0

Net decrease in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and Cash Equivalents, Period Increase (Decrease)

-

-

-

-

-

-572

23,753

29,584

96

10,554

12,738

-19,188

-4,204

-47,317

-10,569

15,117

3,925

32,119

-14,155

-19,617

-10,877

-3,885

15,299

16,424

9,699

-1,706

1,857

-27,903

-18,488

23,044

-24,595

10,540

23,646

-16,468

0

0

0

Cash paid during the year for income taxes

-

-

-

-

-

-

-

-

-

2,675

2,342

1,410

689

4,061

3,456

2,561

1,222

4,522

5,249

5,757

7,970

4,670

4,500

4,951

5,011

5,011

4,474

3,932

3,115

3,036

0

0

0

-

-

-

-

Cash received during the period for income taxes recovered

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0