Enstar group ltd (ESGRP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES:
Net earnings (loss)

928,219

-212,272

331,799

304,413

210,341

227,236

223,822

191,519

208,458

215,731

177,008

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

0

0

10,993

11,963

-2,031

5,539

-

-

-

-

-

Adjustments to reconcile net earnings (loss) to cash flows provided by operating activities:
Realized gains on sale of investments

96,328

-27,633

1,668

-7,036

15,859

22,169

13,979

-

-

-

-

Unrealized losses (gains) on investments

935,023

-385,251

188,666

84,854

-57,380

29,810

56,672

-

-

-

-

Net realized and unrealized gains from other investments

-

-

-

-

-

-

-

31,379

1,194

18,645

5,157

Share-based compensation expense

-

-

-

-

-

-

-

-

-

1,562

-

Other items

-

-

-

-

-

-

-

-

-

-

6,765

Depreciation and other amortization

35,583

33,295

36,115

34,938

40,922

43,870

52,560

1,469

1,593

1,516

1,138

Net change in trading securities held on behalf of policyholders

-

-

-

1,284

7,241

-4,256

-3,485

-24,225

6,816

-44,766

-28,054

Net realized and unrealized investment losses (gains)

-

-

-

-

-

-

-

42,233

8,020

13,137

4,237

Gain on bargain purchase

-

-

-

-

-

-

-

-

13,105

0

-

Earnings from equity method investments

55,910

42,147

5,904

-5,400

-

-

-

-

-

10,704

-

Net amortization of premiums and discounts

-

-

-

-

-

-

-

-28,758

-25,085

-10,275

-5,926

Sales and maturities of trading securities

5,829,277

4,802,224

6,111,607

3,406,788

3,651,680

2,836,921

2,679,826

2,468,584

1,463,637

563,729

13,289

Purchases of trading securities

4,591,459

5,592,311

7,544,649

3,100,515

4,052,430

1,986,441

2,713,581

2,618,029

2,158,509

1,406,547

17,598

Net loss on sale of subsidiary

0

0

16,349

0

0

-

-

-

-

-

-

Other non-cash items

-33,857

-11,857

-41,087

-8,566

-3,984

1,268

11,276

-765

1,518

-550

-

Changes in:
Increase (Decrease) in Reinsurance Recoverable

350,243

268,039

530,857

21,866

-391,182

-428,718

-430,542

-666,793

-238,818

13,899

-70,166

Funds held by reinsured companies

87,468

126,897

93,310

967,379

-32,435

-114,348

-175,750

257,504

-166,951

206,040

-

Losses and loss adjustment expenses

1,021,175

960,199

1,363,032

259,339

-276,711

-967,263

-706,880

-623,174

-675,108

150,009

-504,378

Defendant asbestos and environmental liabilities

-18,142

-15,844

-14,857

-

-

-

-

-

-

-

-

Policy benefits for life and annuity contracts

-103,080

-6,776

-3,314

-11,037

9,110

-839

6,443

-

-

-

-

Insurance and reinsurance balances payable

-15,227

151,918

-157,741

120,515

-20,635

-190,464

-165,896

-65,475

-24,833

19,175

-28,268

Other assets

-

-

-

-

-

-

-

-63,952

28,506

-19,793

877

Unearned premiums

-95,843

173,725

34,854

5,682

-19,355

8,000

-81,967

-

-

-

-

Premiums receivable

-210,493

212,423

19,026

25,264

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-3,209

-18,301

18,557

11,428

Other operating assets and liabilities

-53,635

229,465

-293,035

131,204

271,986

-84,449

92,884

9,118

-81,588

15,198

48,686

Net cash flows provided by operating activities

1,763,516

-160,072

-343,107

-202,689

-265,152

544,005

-62,387

-187,350

-909,920

-609,211

-198,055

INVESTING ACTIVITIES:
Acquisitions, net of cash acquired

-172,482

245,151

4,185

18,454

-130,667

-60,319

409,560

-

88,505

-173,740

-67,804

Sale of subsidiary, net of cash sold

0

0

126,611

0

0

-

-

-

-

-

-

Sales and maturities of available-for-sale securities

344,325

58,219

86,359

81,596

142,824

109,994

196,507

353,913

445,052

347,214

688,180

Purchase of available-for-sale securities

2,212,204

10,386

14,848

52,568

102,214

116,738

15,739

-

-

-

222,891

Purchase of held-to-maturity securities

-

-

-

-

-

-

112

-

-

780,889

873,679

Maturities of held-to-maturity securities

-

-

-

-

-

-

18,449

-

-

-

-

Movement in restricted cash and cash equivalents

-

-

-

-

-

-

78,638

-73,226

-290,207

187,025

85,005

Payments to Acquire Other Investments

796,918

901,071

109,885

91,093

315,583

346,313

107,396

214,558

24,787

116,720

17,863

Proceeds from other investments

582,662

436,396

232,827

245,069

165,711

104,684

28,568

16,839

66,925

0

-

Purchase of equity method investments

69,213

155,440

0

0

-

-

-

-

-

-

-

Sales and maturities of held-to-maturity securities

-

-

-

-

-

-

-

-

-

786,651

186,092

Sale of investment in partly owned company

-

-

-

-

-

-

-

-

-

31,554

-

Other investing activities

4,671

8,321

23,617

7,841

1,520

-632

-2,132

789

-3,031

1,064

2,452

Net cash flows used in investing activities

-1,983,537

-825,754

293,262

156,709

19,885

-187,422

-365,789

228,631

691,923

253,461

-259,814

FINANCING ACTIVITIES:
Net proceeds from the issuance of preferred shares

0

495,357

0

0

-

-

-

-

-

-

-

Payments of Ordinary Dividends, Preferred Stock and Preference Stock

35,914

12,133

0

0

-

-

-

-

-

-

-

Contribution by redeemable noncontrolling interest

0

49

22

5,643

680

17,768

96,689

-

-

28,742

-

Contribution by redeemable noncontrolling interest

13,127

55,377

0

0

15,728

273,035

-

-

-

-

-

Dividends paid to noncontrolling interest

11,556

3,852

27,458

0

16,861

18,108

3,908

68,987

8,100

49,231

-

Net proceeds from issuance of shares

-

-

-

-

-

-

-

-

287,377

0

2,796

Purchase of noncontrolling shareholders' interest in subsidiaries

-

-

-

-

-

11,864

0

30,245

16,200

39,381

38,990

Purchase of noncontrolling interest in subsidiaries

47

0

0

-

150,400

0

0

-

-

-

-

Receipt of loans

1,070,502

1,132,507

874,100

571,048

657,700

70,000

369,800

-

274,150

161,400

-

Repayment of loans

742,574

914,319

912,140

493,250

377,500

199,245

39,505

134,541

277,458

226,227

163,490

Net cash flows provided by financing activities

293,538

752,986

-65,476

83,441

129,347

131,586

423,076

-233,773

259,769

-124,697

-199,684

EFFECT OF EXCHANGE RATE CHANGES ON FOREIGN CURRENCY CASH AND CASH EQUIVALENTS

-324

2,588

9,512

-13,985

-18,533

-17,546

-5,949

-3,092

9,548

13,156

57,452

NET INCREASE IN CASH AND CASH EQUIVALENTS

73,193

-230,252

-105,809

23,476

-134,453

470,623

-11,049

-195,584

51,320

-467,291

-600,101

Supplemental Cash Flow Information:
Income taxes paid, net of refunds

5,012

17,610

13,192

22,216

33,305

41,830

32,115

27,938

64,679

73,368

20,143

Interest paid

49,457

25,240

21,487

19,451

19,395

16,130

9,114

9,155

6,948

10,404

11,846