Hallmark financial services inc (HALL)
CashFlow / Quarterly
Sep'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 flows from operating activities:
Net income

5,287

13,029

15,025

-5,075

9,685

5,090

647

-10,629

-1,560

-3,350

3,986

-3,662

5,048

1,066

4,074

3,446

6,698

6,376

5,343

3,767

3,463

1,651

4,548

3,428

6,274

-3,151

1,694

1,783

3,671

-1,800

194

341

104

-79

-11,199

Adjustments to reconcile net income to cash provided by (used in) operating activities:
Depreciation and amortization expense

1,375

1,343

1,283

1,340

1,322

1,241

1,238

1,248

1,211

1,156

1,100

967

1,004

975

948

1,170

898

312

1,136

402

773

1,205

844

609

994

1,508

1,189

818

1,243

1,250

1,110

961

1,640

1,239

1,224

Deferred federal income taxes

-1,038

1,148

2,486

-2,289

1,433

158

-1,146

328

271

-1,991

-183

209

865

-949

280

281

523

-1,015

-819

-211

997

-1,418

239

11

1,240

-1,448

-60

-610

-40

-1,896

-305

-158

-1,732

-464

-541

Investment gains, net

-1,342

6,817

11,937

-12,873

6,980

533

-4,835

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment gains, net

-

-

-

-

-

-

-

-

2,110

-3,479

2,060

-

1,105

-2,177

-227

-

-335

3,439

584

256

-23

-284

185

817

6,950

1,597

1,176

89

982

991

-119

456

394

1,664

1,119

Share-based payments expense

317

140

57

115

36

-43

44

52

51

19

27

-97

-249

89

139

-143

-11

166

371

135

-134

111

110

107

109

73

63

63

64

115

138

125

95

227

262

Change in ceded unearned premiums

13,163

18,084

-232

-2,536

8,063

14,739

442

8,353

11,332

10,280

876

226

6,646

7,676

1,840

979

3,782

5,210

1,747

-8,613

1,337

14,317

1,347

13,257

4,288

4,513

519

417

302

2,174

48

785

-1,577

-1,882

-3,360

Change in premiums receivable

-4,094

12,649

12,247

8,412

-822

3,701

4,114

2,715

-6,148

13,310

4,781

-5,782

-1,562

6,815

6,868

-3,501

-725

5,478

11,121

-11,469

2,683

7,007

1,625

-6,592

-876

6,291

5,651

-2,499

-1,495

6,138

11,026

-6,441

176

1,798

8,309

Change in accounts receivable

314

-519

232

155

-587

242

296

-421

178

48

-561

136

117

-386

397

-236

113

289

-1,302

387

-451

-103

926

-827

34

345

-280

-250

-135

-122

-329

168

-1,484

-1,034

3

Change in deferred policy acquisition costs

1,596

1,083

4,934

1,141

-908

-1,936

-8

-3,243

-90

241

-99

-1,508

77

-113

371

-744

-200

180

384

81

908

-3,095

266

-4,357

280

346

1,406

-1,497

927

938

1,989

-1,021

353

1,005

1,284

Change in unpaid losses and loss adjustment expenses

13,753

21,317

2,979

-3,569

10,264

-9,132

2,584

-4,399

26,141

18,387

5,404

-34,811

11,388

-5,517

-1,749

-71,991

7,056

21,722

7,470

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unpaid losses and loss adjustment expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,014

-22,392

-15,897

-15,620

-15,315

2,191

-1,498

-8,393

-8,771

-3,744

-2,127

-10,160

-17,057

Change in unearned premiums

28,436

35,429

18,140

672

7,212

13,607

-72

-2,845

17,594

20,466

173

-7,050

11,537

15,221

5,139

-2,183

5,300

11,039

5,425

-8,358

8,216

9,974

1,691

-6,064

9,724

11,214

7,927

-5,292

4,826

9,063

7,801

-4,692

2,253

4,479

2,761

Change in unearned revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

-7

Change in accrued agent profit sharing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

603

-627

Change in reinsurance recoverable

13,397

31,507

16,619

26,097

10,887

676

31,441

967

17,527

15,846

767

14,342

8,614

4,704

5,874

-2,055

3,758

2,286

579

4,282

5,681

14,616

8,322

15,625

3,185

401

5,637

1,861

2,301

3,654

1,420

-1,344

-2,104

-1,149

4,370

Change in reinsurance balances payable

-12,178

5,296

1,353

11,498

-9,729

9,561

3,511

-4,536

2,845

2,440

5,250

-3,315

4,748

7,126

4,188

909

364

2,537

3,528

-6,244

-1,535

13,560

24

8,736

-348

5,000

-120

1,354

-213

2,028

1,022

-

-

-

-2,322

Change in current federal income tax payable

-190

-541

1,407

-140

-43

6,321

1,398

-5,499

-236

158

1,996

-4,952

1,261

68

1,451

-2,301

-2,485

-406

2,445

1,656

-1,532

-961

1,086

-356

1,958

-1,503

-898

1,341

1,296

5,381

238

460

6,115

-9,172

127

Change in all other liabilities

3,385

-2,155

-553

4,162

-7,328

-802

3,701

4,586

-750

-572

-173

3,118

-699

890

277

2,193

-1,216

4,085

-6,430

7,057

3,602

29

-2,690

226

-770

242

-6,249

6,576

-1,659

695

-216

1,590

-8,306

1,853

-844

Change in all other assets

-102

-3,260

-1,600

270

-1,673

-1,274

-330

-2,039

-1,287

-3,078

917

-1,881

-3,292

-1,195

935

-226

511

-1,235

1,647

1,689

1,041

-3,138

1,088

-3,652

-8,270

-4,146

-1,073

226

-3,161

-2,953

-95

860

-735

-3,858

146

Net cash provided by (used in) operating activities

16,215

8,645

-1,960

-13,952

-9,088

9,320

-19,215

-27,130

21,945

3,545

8,839

-

-

-

-

-

-

-

-

11,974

2,129

14,474

5,107

14,818

29,487

18,208

5,825

5,495

10,965

12,409

4,813

9,602

4,010

16,978

-5,980

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

23,198

3,645

-1,311

-

10,223

29,169

3,709

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Purchases of property and equipment

1,241

600

1,847

571

412

548

570

1,129

345

519

712

682

2,968

465

225

1,039

479

1,634

456

-263

233

478

98

-247

74

692

154

-259

183

149

34

-213

637

495

667

Acquisitions of subsidiaries, net of cash received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-666

0

14,000

Net transfers from restricted cash

-

-

-

-

-

-

-

-

-

-

-

-3,829

1,914

509

211

-10,003

3,838

4,884

-2,111

-4,968

1,461

3,709

-478

3,490

-2,716

2,062

647

461

-2,547

3,096

-1,675

5,192

-2,166

3,556

-2,487

Purchases of investment securities

87,397

53,451

43,841

62,495

62,537

58,991

38,619

108,954

72,610

75,843

48,523

74,312

74,501

34,177

58,384

97,805

57,878

83,064

26,735

79,996

39,609

35,995

33,149

82,608

54,374

41,227

44,190

64,192

27,332

38,994

37,108

30,690

68,160

94,662

72,172

Maturities, sales and redemptions of investment securities

47,988

47,750

75,849

54,388

52,820

76,051

48,822

111,660

64,087

71,668

39,772

75,879

36,531

39,421

34,455

71,065

30,855

46,566

20,923

33,019

43,496

30,973

39,289

61,001

45,939

62,327

45,471

38,196

45,882

35,845

29,045

51,122

62,386

92,898

74,512

Net cash (used in ) provided by investing activities

-40,650

-6,301

30,161

-8,678

-10,129

16,512

9,633

1,577

-8,868

-4,694

-9,463

-

-

-

-

-

-

-

-

-41,746

2,193

-9,209

6,520

-24,850

-5,793

18,346

480

-26,198

20,914

-6,394

-6,422

15,453

-3,579

-5,815

-9,840

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-42,852

4,270

-24,365

-

-31,340

-43,016

-4,157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Distribution to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

134

0

0

147

-

-

-

-

Proceeds from exercise of employee stock options

0

0

1,520

-

-

-

-

73

13

112

33

-

-

-

-

56

8

392

202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Activity under revolving credit facility, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-77

0

-2,500

-

-

-

-

Purchase of treasury shares

0

0

1,380

343

0

1,087

377

0

883

3,862

563

325

1,047

3,452

1,293

622

1,180

442

288

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

19,021

0

140

-343

0

-845

-377

73

-870

-3,750

-530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,834

-427

0

-2,647

-

-

-

-

Increase (decrease) in cash and cash equivalents and restricted cash

-5,414

2,344

28,341

-22,973

-19,217

24,987

-9,959

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-2,365

-3,452

-1,293

-

-2,388

-50

-86

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-1,154

9,711

-22,019

4,463

-26,969

21,397

-23,505

-13,897

-534

-29,042

3,662

3,072

11,627

-10,032

23,694

36,554

6,305

-22,537

31,452

6,015

-4,256

25,055

-1,469

6,186

-15,820

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

889

1,123

1,131

-

769

1,134

1,140

1,141

1,140

1,143

1,152

1,160

1,150

1,140

1,149

1,192

1,151

1,195

1,118

1,152

1,159

1,157

1,152

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

2,230

2

1,302

184

3,661

5,099

4,320

720

388

1,800

2,770

539

1,679

0

785

1,427

72

94

-6,136

91

-208

-3,781

372

28

Change in receivable for securities related to investment disposals that settled after the balance sheet date

-

-

-

-

-

-

-

-

-

-

-

-2,362

709

-456

9,486

-10,914

3,057

-1,276

-359

-1,117

1,660

134

-289

-1,333

-201

5,867

-5,650

4,180

-1,283

-2,452

2,169

-

-

-

-

Change in receivable for securities related to investment disposals that settled after the balance sheet date

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,191

Change in payable for securities related to investment purchases that settled after the balance sheet date

-

-

-

-

-

-

-

-

-

-

-

10,260

-8,671

9,716

1,813

2,724

-5,039

-11,112

13,203

10,995

-27,582

5,593

12,109

-6,174

-396

-8,152

14,928

-6,749

330

-3,926

10,142

-5,574

-2,580

-986

6,850