TRIPLE-S MANAGEMENT CORP GTS Cash Flow

Triple-s management corp (GTS)

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 (loss) income
31,942	92,877	68,748	37,235	-32,437	-63,306	-28,191	11,287	62,738	54,481	42,315	18,460	9,633	17,431	19,550	25,658	40,681	52,032	64,140	64,631	73,183	65,306	38,678	52,627	45,252	55,506	73,566	66,645	63,583	53,900	55,166	55,096	55,166	58,036	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization expense
15,002	14,600	14,331	13,594	13,630	13,535	13,296	13,730	13,618	13,198	13,338	13,274	13,410	14,120	14,965	15,541	15,905	16,379	20,457	21,960	23,469	24,400	23,759	23,953	24,435	25,589	24,057	24,655	24,608	24,242	23,783	23,465	22,934	22,229	0	0	0
Net amortization of investments
-2,686	-2,326	-1,713	-1,707	-2,353	-3,976	-6,465	-8,443	-9,697	-10,114	-9,886	-9,477	-9,091	-8,671	-8,079	-7,648	-7,257	-6,854	-6,450	-6,247	-6,195	-6,091	-6,002	-5,966	-5,925	-5,963	-6,417	-7,006	-6,760	-6,425	-8,080	-5,446	-4,003	-3,912	0	0	0
Additions to the allowance for doubtful receivables
10,612	18,899	6,712	9,838	19,848	11,321	6,504	5,581	5,380	1,462	1,146	-476	-3,139	1,601	7,194	4,182	12,098	16,121	20,276	20,057	18,543	14,819	-1,195	104	-3,822	-2,880	3,525	3,432	3,002	563	3,351	6,417	7,760	7,837	0	0	0
Deferred tax (benefit) expense
-23,539	3,661	15,498	13,806	-15,643	-32,078	-32,929	-27,474	-3,894	-9,916	-14,293	-24,361	-13,416	-8,326	-3,956	5,654	-7,126	-5,070	-27,622	-26,110	-21,769	-21,806	1,127	-4,162	-9,938	-9,423	-10,542	-7,922	598	-922	2,286	2,900	2,647	13,870	0	0	0
Net realized investment (losses) gains
4,062	5,843	3,999	1,956	-1,329	298	3,753	8,462	13,437	10,831	18,568	20,191	17,657	17,379	10,636	3,699	12,786	18,941	26,328	30,997	24,318	18,231	6,344	3,092	825	2,587	6,445	6,610	5,407	5,197	2,297	7,845	14,382	18,597	0	0	0
Net unrealized losses (gains) on equity investments
-44,324	32,151	-944	3,421	-678	-36,546	-11,343	-16,975	-16,199	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest credited to policyholder deposits
6,153	5,978	5,848	6,376	6,014	5,722	6,814	5,690	5,780	5,677	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest credited to policyholder deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,394	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized losses on trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,267	0	0	0
Share-based compensation
12,378	11,605	8,618	6,721	4,552	3,357	8,887	9,449	8,910	7,076	2,183	320	-65	2,463	4,701	7,404	7,492	8,290	6,274	4,349	3,629	2,371	2,047	2,839	2,728	2,781	3,101	2,429	2,399	2,626	2,459	2,341	2,184	2,072	0	0	0
Equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,066	0	0	0
Equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,764	0	0	0
(Increase) decrease in assets
Premium and other receivables, net
-24,796	-41,853	-17,879	-122,693	-95,199	-259,561	-291,571	433,804	487,801	614,424	598,154	-33,191	-27,104	5,320	58,400	1,187	17,721	-6,399	29,663	30,493	27,150	45,046	-13,791	7,107	5,832	-21,053	6,820	14,181	-10,866	4,410	10,536	21,012	19,922	-54,622	0	0	0
Deferred policy acquisition costs and value of business acquired
19,980	21,746	26,319	22,378	16,600	12,258	5,400	3,330	5,935	6,596	9,175	9,345	7,423	7,286	8,870	8,067	7,774	6,548	6,467	6,028	6,493	6,811	4,302	5,050	4,784	4,133	7,632	8,842	9,617	12,869	16,313	15,912	12,781	9,702	0	0	0
Deferred taxes
341	226	-454	-493	-542	-946	-5,770	-5,748	-5,642	-4,946	2,633	5,257	5,226	4,799	-363	-8,670	-5,060	-3,616	-2,433	3,181	-615	-1,954	8,849	8,971	9,174	9,230	1,158	1,336	1,186	967	-448	279	-199	-71	0	0	0
Other assets
58,626	-1,385	-5,759	-26,760	-36,996	1,470	17,516	26,651	35,335	-5,117	-9,565	-21,187	-17,439	9,009	4,626	17,459	3,848	2,630	10,802	6,078	793	-8,630	-9,060	1,488	15,097	-2,296	-1,813	-3,867	-5,662	1,617	8,906	14,631	25,378	18,245	0	0	0
Increase (decrease) in liabilities:
Claim liabilities
-147,146	-227,531	-236,123	-246,017	-156,797	-170,087	-70,584	607,204	504,457	618,933	597,321	22,376	5,238	-3,822	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Claim liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-18,090	389	31,538	2,455	-11,340	-8,623	10,562	25,659	33,740	21,411	-12,034	-11,998	0	0	0
Liability for future policy benefits
25,197	24,522	25,898	25,483	23,190	21,988	18,848	17,749	18,374	18,275	21,114	21,936	19,237	31,702	26,610	26,693	29,218	18,146	23,447	23,651	23,278	23,930	23,818	23,199	24,712	22,665	22,754	23,025	22,457	22,376	22,618	21,302	19,222	17,671	0	0	0
Unearned premiums
9,548	10,311	9,737	-87,069	-93,345	-3,359	-87,275	-6,023	10,276	7,039	5,753	93,510	87,907	-950	81,626	1,859	690	-2,396	-3,304	-3,329	-3,547	-4,706	-8,602	-8,571	-7,682	-8,588	-4,097	-90,918	-80,761	1,088	-70,566	92,681	76,038	-4,288	0	0	0
Increase (decrease) in the liability to the Federal Government under the Federal Employee Health Benefits Program (FEHBP) and Federal Employees' Programs (FEPs).
6,397	2,855	3,067	-11,963	-7,793	-7,361	-4,862	20,765	19,450	17,917	12,268	15,809	8,848	7,675	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Policyholder deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	3,194	2,841	2,597	2,289	2,075	1,997	1,755	1,554	0	0	0
Liability to FEHBP
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	3,531	-8,891	-14,610	-13,205	-6,617	-766	2,565	2,302	-3,476	-420	4,447	4,033	0	0	0
Accounts payable and accrued liabilities
124,251	39,799	89,167	11,139	-74,630	-59,276	-25,847	69,059	154,307	166,450	39,389	-42,671	-48,395	-24,095	8,639	34,777	11,444	18,444	22,915	14,122	20,196	6,397	-6,179	26,619	37,148	21,469	15,908	13,799	8,019	-5,785	15,813	1,235	-12,355	-18,106	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	221,578	-	148,656	111,710	55,298	37,991	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
59,592	-16,826	7,932	-96,959	-192,914	7,459	93,141	285,936	288,426	288,918	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	57,712	210,029	135,301	162,527	0	0	0
Cash flows from investing activities:
Proceeds from investments sold or matured:
Securities available for sale:
Fixed maturities sold
302,667	424,239	625,473	849,516	1,024,388	1,302,810	1,218,729	1,143,880	880,628	463,232	460,440	325,839	336,543	400,848	275,131	276,719	306,258	355,045	392,778	380,999	320,696	235,282	229,697	221,564	198,775	160,978	130,105	96,811	102,779	116,718	82,917	193,788	254,891	240,034	0	0	0
Fixed maturities matured/called
20,090	21,258	25,829	28,709	31,844	24,945	21,523	20,611	19,260	18,893	40,183	51,625	61,290	56,988	61,600	47,010	37,994	67,615	41,760	49,169	48,891	31,329	38,993	51,169	79,580	96,597	111,113	139,468	135,559	141,266	143,591	117,577	106,246	104,728	0	0	0
Equity securities sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	86,030	66,783	82,843	100,152	124,315	138,818	114,876	113,942	109,732	96,212	150,819	132,433	96,608	100,869	39,717	53,120	56,785	52,814	51,213	38,022	0	0	0
Securities held to maturity:
Fixed maturities matured/called
635	1,708	7,494	8,632	8,288	8,182	3,232	2,737	3,057	2,712	1,864	1,541	2,241	1,538	0	0	0	-	-	-	-	4,127	3,242	3,338	1,564	1,440	1,682	1,575	11,335	11,635	11,080	11,081	2,060	1,941	0	0	0
Equity investments sold
167,137	169,153	179,951	150,698	113,101	203,841	171,669	161,661	163,554	59,963	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount of cash inflow from the sale of investment assets classified as other.
12,705	4,554	5,053	4,022	3,242	3,714	2,040	1,788	845	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of investments:
Fixed maturities
325,239	449,043	627,715	805,869	934,278	1,343,346	1,413,353	1,248,198	1,102,260	560,304	484,412	473,363	397,951	482,252	366,988	359,219	460,342	469,198	437,966	410,708	335,256	288,507	328,759	360,732	372,126	323,003	240,028	299,178	281,724	313,188	331,531	239,003	295,619	265,356	0	0	0
Equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	164,342	216,783	173,827	92,844	127,271	60,616	63,951	69,101	24,165	21,331	73,571	132,543	152,069	153,823	133,538	98,095	95,693	170,128	140,846	129,328	0	0	0
Payments to acquire securities held to maturity [Abstract]
Fixed maturities
619	1,078	6,866	8,002	7,683	8,356	2,885	2,387	3,027	2,197	1,871	1,539	1,827	1,445	0	0	0	-	-	-	-	935	1,179	1,175	1,575	1,325	2,438	2,434	2,194	2,494	1,067	1,060	1,055	755	0	0	0
Equity investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount of cash outflow to acquire investment assets classified as other.
30,393	28,501	32,953	43,996	46,084	47,221	38,501	18,649	9,683	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in other investments
6,532	2,981	3,271	5,214	-2,896	705	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in other investments
-	-	-	-	-	-	-	-	-	-	-	-	4,355	-	2,227	1,288	1,060	2,427	2,039	2,581	1,904	483	272	820	534	512	1,047	76	312	206	0	0	0	-	-	-	-
Net change in policy loans
1,324	1,392	886	791	516	392	420	733	716	513	888	415	414	663	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net disbursements for policy loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	456	309	245	313	147	170	20	-146	-56	65	340	420	0	0	0
Acquisition of business, net of cash acquired of $4,618 in the year ended December 31, 2013
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,685	3,307	3,307	3,307	54,680	0	0	0
Net capital expenditures
22,439	20,820	22,271	21,383	17,947	19,840	17,725	21,771	22,925	21,359	17,182	10,738	6,580	4,750	6,983	8,807	9,096	9,094	6,610	4,995	4,329	4,783	6,676	5,961	7,596	11,809	12,256	15,037	15,425	12,078	13,093	13,557	15,143	16,337	0	0	0
Capital contribution to equity method investees
16,351	11,418	-24,163	-32,384	-49,591	0	37,601	79,520	44,109	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash settlement of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,420	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	316	316	316	411	189	0	0	0
Net cash (used in) provided by investing activities
-137,229	-38,293	17,515	32,220	61,217	-32,854	-228,127	-174,931	-254,366	-176,471	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-152,744	-54,606	-44,400	-84,651	0	0	0
Cash flows from financing activities:
Change in outstanding checks in excess of bank balances
14,419	-2,384	-27,539	-7,490	34,431	-22,243	13,416	19,664	4,092	12,683	21,656	-369	-1,067	12,250	2,441	1,260	2,558	-1,786	-3,366	-237	-6,265	-4,858	-14,440	-16,256	-6,419	15,123	6,300	18,080	-4,859	-19,841	10,352	7,282	6,494	4,409	0	0	0
Net change in short-term borrowings
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0
Repayments of long-term borrowings
3,238	3,236	3,234	3,231	3,234	3,236	3,235	3,242	-21,030	2,836	2,540	2,134	26,008	1,742	26,640	26,640	37,640	37,640	25,579	25,663	14,747	14,835	1,980	11,978	11,974	11,969	11,966	26,962	26,958	26,955	26,874	26,796	51,720	51,640	0	0	0
Net cash (used in) provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-217,949	-	-14,590	99,675	90,603	29,241	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and retirement of common stock
18,977	9,989	-12	5,983	8,119	22,377	30,057	36,615	34,479	20,220	12,553	6,811	13,344	21,371	28,675	36,859	41,317	48,287	46,325	31,330	23,336	11,337	5,995	5,995	21,248	18,250	0	0	0	-	-	-	-	11,289	0	0	0
Proceeds from policyholder deposits
35,568	28,879	18,865	15,129	15,901	18,531	16,153	16,997	15,678	13,557	17,866	18,448	18,937	18,224	23,464	19,967	16,919	16,563	8,725	10,784	11,254	9,551	7,513	5,937	7,536	9,212	14,875	26,702	36,237	39,709	44,030	43,717	36,477	31,809	0	0	0
Surrenders of policyholder deposits
19,360	19,847	21,710	23,393	24,076	26,677	26,106	26,320	24,353	22,082	25,778	25,455	23,908	21,923	21,862	19,451	18,005	18,787	14,104	11,784	11,213	10,072	8,377	8,919	10,810	9,420	9,717	8,808	6,488	7,059	6,787	6,527	6,497	6,546	0	0	0
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-77,485	-	-80,649	-58,230	-44,307	-31,551	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
86,401	47,412	-33,606	-24,968	14,903	-56,002	-27,865	-27,552	-40,334	-16,934	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	27,865	-47,837	-25,728	-51,063	0	0	0
Net decrease in cash and cash equivalents
8,764	-7,707	-8,159	-89,707	-116,794	-81,397	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	104,419	76,386	106,418	-94,390	-28,934	-116,364	-73,856	87,781	53,417	153,155	101,594	35,681	59,276	3,528	22,133	-15,208	13,014	-109,137	-72,966	17,730	-67,167	107,586	65,173	26,813	0	0	0