Triple-s management corp (GTS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net (loss) income

92,877

-63,306

54,481

17,431

52,032

65,306

55,506

53,900

58,036

66,801

-

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Net income

-

-

-

-

-

-

-

-

-

-

68,780

Depreciation and amortization expense

14,600

13,535

13,198

14,120

16,379

24,400

25,589

24,242

22,229

15,500

9,643

Net amortization of investments

-2,326

-3,976

-10,114

-8,671

-6,854

-6,091

-5,963

-6,425

-3,912

-4,511

-744

Additions to the allowance for doubtful receivables

18,899

11,321

1,462

1,601

16,121

14,819

-2,880

563

7,837

-5,200

10,489

Deferred tax (benefit) expense

3,661

-32,078

-9,916

-8,326

-5,070

-21,806

-9,423

-922

13,870

3,054

-4,326

Net realized investment (losses) gains

5,843

298

10,831

17,379

18,941

18,231

2,587

5,197

18,597

2,532

614

Net unrealized losses (gains) on equity investments

32,151

-36,546

0

0

-

-

-

-

-

-

-

Interest credited to policyholder deposits

5,978

5,722

5,677

3,794

5,690

-

-

-

-

-

-

Interest credited to policyholder deposits

-

-

-

-

-

3,510

3,217

-

-

-

-

Net unrealized losses on trading securities

-

-

-

-

-

-

-

-

-7,267

5,433

10,497

Share-based compensation

11,605

3,357

7,076

2,463

8,290

2,371

2,781

2,626

2,072

1,894

3,924

Gain on sale of property and equipment

-

-

-

-

-

-

-

-17

-

-

-

Equity securities

-

-

-

-

-

-

-

-

53,066

4,871

4,240

Equity securities

-

-

-

-

-

-

-

-

2,764

6,506

6,132

Gain (loss) on sale of property and equipment

-

-

-

-

-

-

-

-

13

-6

0

(Increase) decrease in assets
Premium and other receivables, net

-41,853

-259,561

614,424

5,320

-6,399

45,046

-21,053

4,410

-54,622

47,648

46,263

Deferred policy acquisition costs and value of business acquired

21,746

12,258

6,596

7,286

6,548

6,811

4,133

12,869

9,702

6,169

13,570

Deferred taxes

226

-946

-4,946

4,799

-3,616

-1,954

9,230

967

-71

-6,658

-900

Other assets

-1,385

1,470

-5,117

9,009

2,630

-8,630

-2,296

1,617

18,245

-5,223

1,593

Increase (decrease) in liabilities:
Claim liabilities

-227,531

-170,087

618,933

-3,822

101,679

-30,335

-

-

-

-

-

Claim liabilities

-

-

-

-

-

-

2,455

25,659

-11,998

-236

36,736

Liability for future policy benefits

24,522

21,988

18,275

31,702

18,146

23,930

22,665

22,376

17,671

13,904

15,074

Unearned premiums

10,311

-3,359

7,039

-950

-2,396

-4,706

-8,588

1,088

-4,288

-10,001

-1,799

Increase (decrease) in the liability to the Federal Government under the Federal Employee Health Benefits Program (FEHBP) and Federal Employees' Programs (FEPs).

2,855

-7,361

17,917

7,675

11,029

-

-

-

-

-

-

Liability to FEHBP

-

-

-

-

-

7,518

-

-

-

-

-

Policyholder deposits

-

-

-

-

-

-

-

2,289

1,554

733

1,665

Liability to FEHBP

-

-

-

-

-

-

-13,205

2,302

4,033

2,016

1,845

Accounts payable and accrued liabilities

39,799

-59,276

166,450

-24,095

18,444

6,397

21,469

-5,785

-18,106

-3,790

3,339

Net cash provided by operating activities

-

-

-

-

-

37,991

112,948

109,720

-

-

-

Net cash provided by (used in) operating activities

-16,826

7,459

288,918

6,471

229,094

-

-

-

162,527

37,656

72,585

Cash flows from investing activities:
Proceeds from investments sold or matured:
Securities available for sale:
Fixed maturities sold

424,239

1,302,810

463,232

400,848

355,045

235,282

160,978

116,718

240,034

121,968

241,368

Fixed maturities matured/called

21,258

24,945

18,893

56,988

67,615

31,329

96,597

141,266

104,728

175,483

189,144

Equity securities sold

-

-

-

-

100,152

113,942

132,433

53,120

38,022

41,802

9,877

Securities held to maturity:
Fixed maturities matured/called

1,708

8,182

2,712

1,538

640

4,127

1,440

11,635

1,941

2,587

7,819

Equity investments sold

169,153

203,841

59,963

109,049

-

-

-

-

-

-

-

Amount of cash inflow from the sale of investment assets classified as other.

4,554

3,714

0

0

-

-

-

-

-

-

-

Acquisition of investments:
Payments to Acquire Securities Available-for-sale [Abstract]
Other investments

-

-

-

-

-

8,925

0

0

-

-

-

Fixed maturities

449,043

1,343,346

560,304

482,252

469,198

288,507

323,003

313,188

265,356

337,569

459,705

Equity securities

-

-

-

-

92,844

69,101

132,543

98,095

129,328

21,957

3,684

Payments to acquire securities held to maturity [Abstract]
Fixed maturities

1,078

8,356

2,197

1,445

624

935

1,325

2,494

755

1,050

1,502

Equity investments

143,972

156,486

134,834

-

-

-

-

-

-

-

-

Amount of cash outflow to acquire investment assets classified as other.

28,501

47,221

0

0

-

-

-

-

-

-

-

Increase in other investments

2,981

705

2,064

2,493

-

-

-

-

-

-

-

Increase in other investments

-

-

-

-

2,427

483

512

206

2,500

5,000

0

Net change in policy loans

1,392

392

513

663

641

555

-

-

-

-

-

Net disbursements for policy loans

-

-

-

-

-

-

313

-146

420

-53

489

Acquisition of business, net of cash acquired of $4,618 in the year ended December 31, 2013

-

-

-

-

-

-

4,795

2,685

54,680

0

0

Net capital expenditures

20,820

19,840

21,359

4,750

9,094

4,783

11,809

12,078

16,337

19,222

18,706

Capital contribution to equity method investees

11,418

0

0

163,119

-

-

-

-

-

-

-

Cash settlement of stock options

-

-

-

-

-

-

-

-

2,420

0

0

Proceeds from exercise of stock options

-

-

-

-

-

-

-

316

189

0

0

Net cash (used in) provided by investing activities

-38,293

-32,854

-176,471

-86,299

-51,376

-

-

-

-84,651

-42,905

-35,878

Cash flows from financing activities:
Change in outstanding checks in excess of bank balances

-2,384

-22,243

12,683

12,250

-1,786

-4,858

15,123

-19,841

4,409

281

-5,645

Net change in short-term borrowings

54,000

0

0

-

-

-

-

-

-

-

-

Repayments of long-term borrowings

3,236

3,236

2,836

1,742

37,640

14,835

11,969

26,955

51,640

26,367

1,640

Net cash (used in) provided by investing activities

-

-

-

-

-

29,241

-82,852

-105,861

-

-

-

Proceeds from long-term borrowings

-

-

-

-

-

-

-

-

-

25,000

0

Repurchase and retirement of common stock

9,989

22,377

20,220

21,371

48,287

11,337

18,250

2,299

11,289

6,235

32,355

Net proceeds from revolving line of credit

0

0

1,964

0

0

-

-

-

-

-

-

Dividends paid

11

0

0

-

-

-

-

-

-

-

-

Net change in short-term borrowings

-

-

-

-

-

-

-30,000

30,000

-15,575

15,575

0

Proceeds from policyholder deposits

28,879

18,531

13,557

18,224

16,563

9,551

9,212

39,709

31,809

10,691

4,307

Surrenders of policyholder deposits

19,847

26,677

22,082

21,923

18,787

10,072

9,420

7,059

6,546

9,051

7,093

Net cash used in financing activities

-

-

-

-

-

-31,551

-45,304

13,871

-

-

-

Net cash provided by financing activities

47,412

-56,002

-16,934

-14,562

-89,937

-

-

-

-51,063

9,894

-42,426

Net decrease in cash and cash equivalents

-7,707

-81,397

95,513

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-94,390

87,781

35,681

-15,208

17,730

26,813

4,645

-5,719