Global Indemnity Ltd GBLIZ Cash Flow

Global indemnity ltd (GBLIZ)

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
Cash flows from operating activities:
Net income (loss)
5,837	70,015	-32,333	-35,326	-42,797	-56,696	-6,377	-19,029	-16,132	-9,551	51,820	70,279	55,025	49,868	38,799	25,518	41,800	41,469	25,229	38,736	60,827	62,856	85,505	82,692	58,148	61,690	32,355	35,320	36,260	34,757	6,869	-36,466	-41,786	-38,338	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Amortization of the value of business acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization and depreciation
7,095	7,103	7,074	6,944	7,011	7,019	6,964	6,965	6,743	6,505	6,368	6,225	6,180	6,312	6,280	6,179	5,860	5,284	4,578	3,994	3,680	3,466	3,689	3,792	4,510	3,807	3,708	3,162	2,052	2,282	2,009	2,124	2,124	2,224	0	0	0
Amortization of debt issuance costs
264	264	264	264	264	264	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77	89	51	54	59	64	68	73	76	0	0	0
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	0	126	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted stock and stock option expense
4,858	4,221	3,571	3,672	3,717	3,452	3,164	3,139	2,956	3,741	4,003	3,895	4,093	3,531	3,099	3,203	3,191	10,271	10,335	9,828	9,726	2,900	3,344	3,914	3,940	4,349	3,988	3,456	3,188	2,625	2,404	-496	-554	-651	0	0	0
Deferred federal income taxes
-4,434	11,783	-8,086	-10,408	-13,308	-19,554	6,323	855	82	-1,018	-5,491	3,432	-540	-2,727	-9,064	-15,366	-7,729	-7,201	-11,776	-6,408	-3,942	-828	3,658	4,277	-1,940	-3	-5,680	-5,789	-3,637	-1,463	2,387	2,381	3,139	169	0	0	0
Amortization of bond premium and discount, net
-5,097	-4,887	-4,972	-5,096	-5,571	-5,925	-6,412	-6,761	-6,991	-7,899	-8,567	-9,006	-9,766	-9,828	-10,484	-11,535	-12,444	-13,643	-13,959	-12,591	-10,967	-9,103	-7,597	-7,297	-7,137	-6,696	-6,531	-6,531	-6,662	-6,981	-7,212	-7,424	-6,982	-6,196	0	0	0
Net realized investment (gains) loss
-43,210	35,342	-13,450	-5,441	-6,201	-16,907	10,259	3,977	485	1,576	29,928	32,819	29,989	21,721	-5,215	-17,921	-7,897	-3,374	-11,582	354	33,703	35,860	57,434	57,917	20,842	27,412	10,046	11,616	10,751	6,755	6,715	4,792	11,237	21,473	0	0	0
Equity in the earnings of equity method limited liability investments
0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in the earnings of equity method limited liability investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,834	3,938	4,314	2,533	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in:
Equity in income of partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Premiums receivable, net
22,854	30,356	28,351	28,082	15,203	3,293	179	6,332	-3,453	-7,708	-2,007	-4,040	-4,841	2,849	-9,130	-23,104	-11,407	-25,325	-24,596	-15,064	-18,862	6,698	22,079	23,224	24,885	12,136	-850	-3,963	-12,615	-8,594	-16,923	-14,920	-20,151	-7,948	0	0	0
Reinsurance receivables, net
-19,272	-30,480	-13,522	-30,170	4,699	9,358	-27,235	-10,884	-8,785	-38,714	15,317	-7,913	-7,132	28,180	-25,735	-28,582	-33,136	-23,966	-57,848	-51,937	-66,109	-72,169	-43,558	-50,603	-40,717	-43,940	-52,242	-45,450	-43,217	-46,159	-29,957	-54,147	-107,673	-134,858	0	0	0
Funds held by ceding insurers
3,388	-928	-2,054	-9,868	-2,875	5,791	12,118	14,607	17,152	31,635	20,334	18,125	14,484	-2,923	-5,167	-8,120	-6,513	-9,147	753	2,217	22	6,514	-7,063	-970	0	11,252	0	0	0	-	-	-	-	-	-	-	-
Unpaid losses and loss adjustment expenses
-6,491	-49,850	24,680	-4,897	30,834	45,367	-41,119	-2,093	-6,963	-16,378	-14,656	-68,087	-54,148	-29,005	-65,127	-86,568	-94,418	-84,914	-99,911	-73,666	-97,882	-103,994	-83,123	-90,314	-85,111	-99,639	-100,715	-96,365	-96,757	-92,263	-47,444	-33,913	-74,164	-81,366	0	0	0
Unearned premiums
26,617	32,949	19,167	8,570	622	-3,485	6,870	12,639	5,178	-1,587	12,199	-2,877	-11,677	699	-19,096	-908	4,176	-6,764	-2,375	-10,489	-10,437	4,186	-315	5,017	13,210	22,515	29,026	25,378	8,136	-19,927	-36,779	-45,910	-39,715	-21,831	0	0	0
Ceded balances payable
9,359	5,410	19,819	-4,389	2,645	4,143	3,745	7,053	4,378	-3,824	1,149	2,409	1,789	10,086	7,608	-6,552	-6,748	-11,430	-13,259	-177	-3,429	-2,377	-943	1,268	-124	976	2,043	-3,015	-3,808	-4,686	-5,489	1,525	-2,880	-3,489	0	0	0
Other assets and liabilities, net
4,277	16,162	-1,854	10,294	16,722	-46,823	-39,421	-35,379	-31,772	27,061	27,159	20,292	11,011	15,065	12,219	5,706	6,204	6,070	16,914	13,121	15,147	3,398	2,528	4,188	3,515	1,436	-1,916	4,862	4,594	7,190	5,480	4,532	2,764	1,153	0	0	0
Contingent commissions
-1,329	1,292	1,959	1,607	3,278	2,652	2,524	1,833	339	-1,470	-3,840	-4,835	-4,517	-1,615	-5,032	-4,452	-3,910	-6,264	-2,435	-1,020	-4,187	308	2,859	3,320	3,645	2,766	1,809	1,071	3,095	2,438	2,150	1,287	260	-1,787	0	0	0
Federal income tax receivable/payable
5,559	-123	-378	-1,143	-912	-534	-334	667	580	406	5,189	5,139	5,151	5,047	531	-171	-2,908	-1,689	-6,754	-11,279	-1,601	-4,734	5,431	8,037	7,105	8,473	4,770	8,369	127	-4,621	-10,593	-11,321	-15,747	-2,277	0	0	0
Deferred acquisition costs, net
6,761	9,001	6,323	3,543	1,429	29	2,241	3,756	3,335	3,746	7,156	5,697	2,752	1,384	-2,257	3,673	16,110	31,279	31,308	25,514	14,991	3,061	1,912	884	1,976	3,912	4,740	5,793	-1,406	-3,299	-5,166	-13,162	-8,843	-7,795	0	0	0
Prepaid reinsurance premiums
-3,529	-3,878	-5,213	-5,993	-5,601	-8,257	-7,851	-6,811	-8,466	-13,732	-7,574	-17,715	-17,297	-1,780	-749	15,144	10,605	-3,868	-9,820	-15,373	-8,546	-474	237	1,238	114	-746	-1,163	-1,373	-2,222	-610	-1,372	-2,221	-1,098	-4,549	0	0	0
Net cash provided by (used for) operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-27,731	-	-4,390	-11,451	-12,253	3,750	-6,147	20,679	4,432	-12,002	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used for) operating activities
76,350	32,376	42,128	-20,026	-22,348	42,069	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-35,081	-37,306	-33,433	-7,738	0	0	0
Cash flows from investing activities:
Proceeds from sale of fixed maturities
1,040,133	977,321	706,035	748,421	307,458	293,348	405,572	401,242	826,237	918,439	843,959	812,997	455,098	381,389	636,483	635,907	604,925	647,404	356,140	408,086	428,570	415,739	401,721	317,753	294,976	292,200	314,600	377,424	440,551	454,655	501,076	536,478	611,570	724,969	0	0	0
Proceeds from sale of equity securities
295,083	260,891	213,710	185,206	41,710	35,639	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of equity securities
-	-	-	-	-	-	-	-	-	-	-	0	105,329	-	40,538	38,363	44,667	39,723	44,723	178,255	187,572	191,765	227,408	94,665	91,382	101,379	65,051	67,568	53,802	50,176	83,853	97,149	109,753	122,045	0	0	0
Proceeds from sale of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,540	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturity of fixed maturities
174,453	180,546	125,359	118,135	56,253	55,182	76,158	125,038	149,338	145,475	137,192	92,746	70,075	86,009	72,412	72,406	110,807	157,845	189,145	189,955	153,851	108,556	82,751	160,285	165,584	143,034	153,314	81,440	72,735	73,370	53,945	39,015	32,560	45,225	0	0	0
Proceeds from limited partnerships
-	-	-	-	-	-	-	-	-	-	0	0	9,358	-	8,022	3,672	3,672	5,959	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts received in connection with derivatives
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from other invested assets
15,994	16,757	49,226	40,855	42,111	43,377	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts paid in connection with derivatives
23,926	7,654	15,723	10,232	4,833	-4,392	0	0	0	-	-	-	-	1,010	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount paid in connection with derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,440	10,431	20,588	20,550	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of other invested assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Purchases of fixed maturities
1,173,967	1,129,567	743,218	729,477	388,957	370,536	428,127	511,866	952,457	1,078,199	1,072,250	982,929	560,887	437,690	487,344	470,082	486,687	627,983	575,085	738,303	739,905	615,867	633,759	522,594	451,403	465,318	447,938	376,659	420,807	457,150	381,092	426,359	546,288	635,736	0	0	0
Purchases of equity securities
358,076	365,255	339,299	303,912	46,907	36,258	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of equity securities
-	-	-	-	-	-	-	-	-	-	-	0	108,022	-	40,962	36,238	42,728	38,451	43,478	40,275	38,519	45,077	81,735	86,823	93,045	100,806	65,572	71,796	59,473	57,509	89,891	124,926	134,427	145,355	0	0	0
Purchases of other invested assets
9,783	13,283	4,009	9,259	12,759	16,309	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	30,120	18,475	11,981	2,107	16	16	17	17	13	17	34	34	10,054	0	0	0
Cash release from escrow for business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113,696	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of business
-	-	-	-	-	3,515	0	0	0	-	-	-	-	-	-	-	-	92,336	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used for) investing activities
-40,089	-80,244	-7,919	39,737	-5,924	5,320	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	178,205	130,540	82,351	111,659	0	0	0
Cash flows from financing activities:
Net cash used for investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-20,468	-	231,084	219,612	223,496	197,243	-143,399	-117,355	-143,535	-109,238	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net borrowings (repayments) under margin borrowing facility
-61	7,811	14,974	4,518	7,750	-6,412	-17,113	-9,179	-10,125	5,584	-178	-3,888	3,811	-9,000	-119,091	-109,631	-136,913	-99,027	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of subordinated notes
-	-	-	-	-	-	-	-	-	130,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance cost
-	-	-	-	-	-	-	-	-	4,246	4,246	4,246	4,220	14	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to shareholders
14,182	14,222	10,647	14,151	14,123	14,027	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of A ordinary shares
141	947	1,001	1,001	1,003	1,867	1,813	1,813	1,835	1,159	1,159	1,159	1,155	805	805	805	803	333	333	333	317	139	155	155	166	55	2,616	8,148	74,139	82,959	109,747	104,215	38,259	29,532	0	0	0
Tax benefit on share-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	127	79	79	78	10	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-25	-132	0	0	0
Principal payments of term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,071	18,142	18,213	18,285	18,285	0	0	0
Net cash provided by (used for) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	128,438	-	-309,601	-203,800	-231,081	-192,779	229,616	44,609	107,022	74,571	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used for) financing activities
-14,384	-7,358	3,326	-10,634	-7,376	-22,306	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-127,915	-122,454	-56,569	-47,949	0	0	0
Net change in cash and cash equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-	-	-	-	-	-	-	0	-54,021	-	-3,692	25,817	80,239	8,073	-82,907	4,361	-19,838	8,214	80,070	-52,067	-32,081	-46,669	-49,337	6,913	29,902	1,032	7,463	34,316	-31,198	-71,400	15,209	-29,220	-7,651	55,972	0	0	0