Greenlight capital re, ltd. (GLRE)
CashFlow / Quarterly
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 provided by (used in) operating activities
Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

-

-

19,875

-35,469

8,374

49,196

30,011

-62,995

28,669

-43,105

-219,677

-39,596

-24,047

60,688

-51,768

109,553

-8,881

83,930

56,536

28,500

56,733

-60,603

46,137

-36,069

65,133

70,201

-4,481

-15,961

-42,990

Net income (loss)

-40,270

-30,346

5,140

15,314

5,906

-80,988

-90,274

-37,989

-145,078

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income or loss to net cash provided by (used in) operating activities
Revenue from Related Parties

-42,126

-

-

-

30,756

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (income) from equity accounted investment

888

433

-183

19

431

-151

-96

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in unrealized gains and losses on investments and notes receivable

15,771

-5,982

12

28,500

-14,150

-27,977

52,270

-53,195

-3,695

-15,982

55,791

-57,875

-23,378

51,349

49,803

30,141

78,700

-48,862

-167,402

-19,287

-29,850

-5,072

-146,024

54,696

-91,353

79,353

50,224

-46,294

65,730

-101,014

106,012

-48,172

110,481

34,509

-17,846

-68,460

-24,373

Net realized (gains) losses on investments

-15,000

0

0

-28,300

14,150

17,175

-124,915

11,108

-140,255

872

18,360

19,419

48,967

8,179

-9,700

-73,704

-38,611

-8,360

-9,690

15,267

25,010

85,425

95,855

84,390

86,463

5,297

25,293

78,532

13,446

42,220

24,055

10,822

-16,335

56,466

25,900

56,062

1,332

Foreign exchange (gains) losses on investments

-441

-430

220

-468

408

-402

49

554

-387

-7,465

10,221

-1,568

-6,480

3,993

-1,568

-462

-5,057

15,271

-5,126

-8,397

-7,973

20,829

-1,905

3,291

-7,418

29,287

-3,692

4,918

13,979

3,464

1,426

1,855

-3,063

-

-

-

-

Current expected credit losses recognized on notes receivable and reinsurance assets

250

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) attributable to total non-controlling interest in related party joint venture

-

-

-

-

-

-

-

-

-

-

1,078

-550

252

-

981

-791

773

-881

-3,909

-324

-394

2,174

-1,369

3,075

-197

1,512

1,741

892

2,624

-

-

-

-

-

-

-

-

Foreign exchange (gains) losses on restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,747

-2,235

-5,395

Income attributable to non-controlling interest in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-449

3,632

-

157

-513

-1,136

Share-based compensation expense

872

986

665

1,109

1,122

1,125

1,004

1,222

1,273

1,551

1,444

1,008

850

841

1,312

1,057

760

1,060

1,159

1,007

1,048

920

1,203

873

968

1,029

1,036

782

828

891

1,061

905

832

810

97

1,013

1,011

Amortization and interest expense, net of accruals

438

-

-

-

389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and Debt Expense

-

-

-

-

-

1,578

927

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation expense

7

0

7

7

7

17

26

125

92

93

91

92

92

92

95

101

102

101

101

102

101

102

105

115

114

103

97

62

63

62

63

62

63

62

58

56

56

Net change in
Reinsurance balances receivable

13,459

-42,886

-14,469

-38,879

26,367

10,885

-32,507

-4,383

24,494

7,509

27,506

-1,700

49,321

-8,299

10,622

-30,059

58,922

30,988

15,942

3,413

32,770

-14,330

20,186

-40,504

18,493

-27,724

23,215

-24,149

22,777

-11,847

5,110

-24,172

62,852

9,859

12,990

9,008

-146

Loss and loss adjustment expenses recoverable

-4,389

-14,004

748

-5,409

2,491

5,870

830

-2,477

10,023

11,012

15,786

79

-122

-516

-69,108

68,780

180

115

347

251

203

309

-1,634

-3,344

-637

-1,167

-2,140

-997

-13,318

445

-2,905

235

6,918

8,075

6,447

656

2,604

Deferred acquisition costs

-1,631

-942

-6,147

4,097

2,728

-2,788

-3,419

-4,127

-2,087

-14,891

-975

4,746

12,448

5,204

2,990

-15,356

8,361

5,800

10,968

501

8,134

-3,825

5,986

-20,787

1,249

-10,286

-1,629

-315

4,850

1,442

-2,586

-15,401

6,997

-11,134

-766

-6,465

-299

Unearned premiums ceded

-343

-6,838

-17,985

1,471

-728

-919

-2,835

3,285

330

18,989

3,152

-176

778

-754

-538

864

-446

571

-3

-987

-357

-1,237

-371

-415

2,877

30

242

433

-1,148

-2,425

-5,888

-15,075

-229

7,279

1,795

10,350

385

Other assets

-419

-935

484

-220

297

-1,542

-183

634

680

-2,374

-459

2,622

-494

-483

-2,104

-11

427

957

-2,633

2,816

651

-1,874

-513

2,712

1,024

264

-2,808

2,907

-72

68

-1,139

2,034

-2,646

1,952

-2,164

2,863

-1,273

Loss and loss adjustment expense reserves

-14,919

-8,847

9,369

-37,865

25,269

7,719

605

-10,261

20,219

18,602

86,423

19,325

33,389

23,700

-71,762

13,571

35,135

3,832

31,730

10,125

-3,933

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss and loss adjustment expense reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,593

25,915

882

-4,242

-23,793

48,043

6,568

-7,075

-54,748

-16,734

-36,634

-179

-22,482

1,091

-33,242

Unearned premium reserves

-1,991

-17,118

-40,521

10,131

15,179

-15,728

-17,290

-10,951

-60

-25,800

4,269

12,081

42,741

8,692

12,459

-36,543

25,965

22,009

29,773

-809

32,245

-5,185

13,302

-56,713

4,275

-18,253

-16,416

132

19,409

3,132

-23,713

-56,817

39,848

3,686

-4,866

-715

-7,353

Reinsurance balances payable

-8,457

-7,294

-6,513

-13,599

10,853

1,897

-9,775

7,984

-4,946

67,766

20,923

3,120

10,834

8,300

-63,871

77,282

1,378

-326

2,010

4,702

1,138

-2,679

-850

519

4,593

-133

3,615

25

-10

-997

-1,658

-1,914

7,669

2,648

7,579

9,307

-1,319

Funds withheld

-706

4,995

2,955

2,148

1,362

-289

817

-1,336

7,969

-7,092

-9,456

-1,455

351

3

182

924

107

-715

433

-91

-212

904

1,138

1,204

322

-657

715

2,884

4,347

1,018

14,752

381

4,465

-7,079

2,486

-2,689

-1,675

Other liabilities

-1,761

-951

1,613

2,044

-948

-3,548

1,331

470

-3,599

-2,326

1,111

-2,011

-888

1,703

1,985

-1,307

-579

96

-2,141

-4,232

4,053

2,715

2,732

-3,096

741

-161

2,112

-3,543

2,961

228

2,483

-3,655

1,378

-650

331

1,042

-2,455

Performance compensation payable to related party

-

-

-

-

-

-

-

-

-

-

-

-

1,189

-

-

-

3,081

-

-

-

0

-

-

-

-

-

11,895

5,810

16,113

-

23,776

-9,109

16,979

-

0

0

0

Net cash provided by (used in) operating activities

-31,770

10,311

-2,905

1,338

-7,113

-37,242

6,568

537

-29,171

27,419

19,243

32,315

15,442

32,291

-66,956

6,177

-7,299

-12,979

-3,790

-22,511

-18,165

-47,507

-47,149

-28,787

-10,289

-35,946

-5,011

-33,302

-18,438

-15,896

-34,605

-2,819

2,728

-18,632

-9,232

-5,952

7,896

Investing activities
Proceeds from redemptions from related party investment fund

19,220

6,915

27,740

22,253

57,169

87,126

9,509

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions to related party investment fund

11,188

24,486

10,558

228

520

27,069

241,248

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investments

-

-

-

-

-

23,057

126,587

84,791

167,809

221,976

379,978

152,625

365,970

253,181

425,612

208,979

423,065

425,169

349,601

227,131

251,068

705,242

255,758

367,281

275,575

390,814

153,701

193,438

193,083

201,628

125,328

347,687

155,872

-

-

-

-

Sales of investments

-

-

-

-

-

35,247

316,744

218,646

431,737

264,077

336,021

197,519

239,048

353,380

578,273

230,406

308,059

492,928

394,958

247,419

252,857

663,791

301,042

390,868

367,235

142,843

154,555

461,754

174,204

262,401

261,763

204,706

174,474

-

-

-

-

Payments for financial contracts

-

-

-

-

-

891

16,484

27,386

85,146

4,775

4,721

4,680

10,538

5,857

19,965

4,616

29,976

11,399

-4,460

14,827

3,999

-3,395

2,542

6,954

7,201

6,405

23,439

8,147

26,162

27,242

7,094

21,035

15,287

-

-

-

-

Proceeds from financial contracts

-

-

-

-

-

7,594

10,106

8,231

18,665

14,466

16,607

4,421

47,295

5,592

2,178

3,533

9,123

3,253

-2,852

-1,693

8,294

11,489

78,260

5,256

18,006

23,000

14,726

46,917

5,639

21,753

2,592

7,312

7,760

-

-

-

-

Securities sold, not yet purchased

-

-

-

-

-

0

71,962

129,048

139,683

147,515

311,930

337,788

323,273

129,065

95,207

184,487

290,478

157,208

200,040

143,069

391,768

223,815

293,606

167,481

249,867

240,187

252,204

97,132

350,963

-

-

-

-

-

-

-

-

Dispositions of securities sold, not yet purchased

-

-

-

-

-

0

249,045

146,958

448,376

198,819

328,174

380,870

345,313

87,467

118,729

310,405

276,369

129,627

574,683

181,788

182,793

161,486

277,862

99,987

413,508

113,681

228,156

244,685

180,158

-

-

-

-

-

-

-

-

Change in due to related party investment fund

0

0

0

0

-9,642

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities sold, not yet purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

444,880

128,851

153,171

-

-

-

-

Dispositions of securities sold, not yet purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97,772

112,373

157,333

-

-

-

-

Purchases of investments and financial contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

550,688

227,625

573,004

Sales of investments and financial contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

555,668

321,462

406,023

Change in due to prime brokers and other financial institutions

-

-

-

-

-

-43,687

-476,485

-54,628

-97,900

125,001

4,140

-15,239

238,968

-78,881

-16,748

-129,022

148,028

129,478

-248,088

259,403

44,590

-55,607

-44,453

25,234

-28,806

75,628

-10,654

-116,953

40,193

29,749

-68,268

49,716

54,932

-58,959

9,826

-91,982

128,403

Change in restricted cash and cash equivalents, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,474

-79,354

-76,329

190,865

-599,094

118,471

239,358

-74,602

50,250

94,576

-105,700

13,390

94,196

-157,401

157,747

-86,061

365,119

-100,000

66,635

17,775

-17,653

20,725

-33,725

Net change in notes receivable

-2

-1,687

1,075

-2,662

2,603

-2,575

824

-2,396

2,511

-1,156

-3,974

-1,609

1,502

-368

-683

-752

10,391

-2,400

-2,311

-258

2,690

-480

-6,715

-11,656

-132

265

-135

54

-3,465

252

-4

777

868

-227

-291

2,588

1,162

Non-controlling interest contribution into (withdrawal from) related party joint venture, net

0

-

-

-

1,278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-controlling interest contribution into (withdrawal from) related party joint venture, net

-

-

-

-

-

-

1,071

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-4,502

1,500

-1,500

-5,000

-762

0

0

-10,000

26,256

0

0

-34,000

5,440

0

0

-10,400

Net cash provided by (used in) investing activities

8,034

-15,884

15,752

20,340

43,126

23,117

-701,281

44,558

-211,657

128,724

-40,201

-12,077

125,261

-66,946

61,813

-154,490

92,216

28,207

25,639

106,239

17,601

50,735

50,258

30,197

10,850

-44,015

-89,210

199,927

7,314

15,167

45,658

8,713

-39,658

28,247

32,290

-21,458

-16,415

Financing activities
Non-cash transfer to notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

25,859

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

66

240

207

-

-

-

-

-

-

-

-

Net proceeds from share issue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

9

-

-

-

8

Net proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

0

-551

-2,268

0

0

0

0

0

-

-

-

-

-

-

-

-

0

66

240

207

318

-14

5

9

-

-

-

8

Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash

-122

-527

317

-491

411

-392

-747

-3,469

1,239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

8,885

-5,490

-1,192

1,412

-1,250

-2,265

-945

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-33,243

-6,393

-150,578

83,972

12,811

8,396

79,489

-564

3,228

3,109

1,410

561

-79,961

-94,155

166,865

-10,917

-411

11,039

5,899

-36,921

9,615

23,058

-27,418

-8,511

Net increase (decrease) in cash, cash equivalents and restricted cash

-23,858

-6,100

13,164

21,187

36,424

-14,516

-612,635

38,873

-239,589

149,222

-12,624

12,480

139,511

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplementary information
Interest paid in cash

2,000

0

2,000

0

1,933

1,240

1,725

4,256

3,867

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid in cash

-

-

-

-

-

-

-

-

-

-

0

3,992

1,883

221

2,327

2,699

2,576

2,722

5,036

10,460

3,741

4,180

3,483

10,219

3,600

3,834

4,352

11,305

4,250

5,741

3,969

9,010

4,786

3,679

3,000

5,059

4,144

Income tax paid in cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

103

165

-

235

304

254

358

357

-266

764

-99

-247

66

810

Non-cash transfer of investments (Note 3)

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

-

-

0

0

271

260

0

0

10

206

0

0

8

347

144

0

Non-cash transfer of investments (Note 3)

0

0

0

0

36,673

0

125,008

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash addition of right-of-use asset

0

0

0

0

323

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Limited Partner
Income (loss) from equity method investments

-

-

-

-

-

-

-10,025

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-