Hallmark financial services inc (HALL)
CashFlow / TTM
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

28,266

32,664

24,725

10,347

4,793

-6,452

-14,892

-11,553

-4,586

2,022

6,438

6,526

13,634

15,284

20,594

21,863

22,184

18,949

14,224

13,429

13,090

15,901

11,099

8,245

6,600

3,997

5,348

3,848

2,406

-1,161

560

-10,833

0

0

0

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

5,341

5,288

5,186

5,141

5,049

4,938

4,853

4,715

4,434

4,227

4,046

3,894

4,097

3,991

3,328

3,516

2,748

2,623

3,516

3,224

3,431

3,652

3,955

4,300

4,509

4,758

4,500

4,421

4,564

4,961

4,950

5,064

0

0

0

Deferred federal income taxes

307

2,778

1,788

-1,844

773

-389

-2,538

-1,575

-1,694

-1,100

-58

405

477

135

69

-1,030

-1,522

-1,048

-1,451

-393

-171

72

42

-257

-878

-2,158

-2,606

-2,851

-2,399

-4,091

-2,659

-2,895

0

0

0

Investment gains, net

4,539

12,861

6,577

-10,195

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment gains, net

-

-

-

-

-

-

-

-

0

0

0

-

0

0

1,692

-

3,944

4,256

533

134

695

7,668

9,549

10,540

9,812

3,844

3,238

1,943

2,310

1,722

2,395

3,633

0

0

0

Share-based payments expense

629

348

165

152

89

104

166

149

0

-300

-230

-118

-164

74

151

383

661

538

483

222

194

437

399

352

308

263

305

380

442

473

585

709

0

0

0

Change in ceded unearned premiums

28,479

23,379

20,034

20,708

31,597

34,866

30,407

30,841

22,714

18,028

15,424

16,388

17,141

14,277

11,811

11,718

2,126

-319

8,788

8,388

30,258

33,209

23,405

22,577

9,737

5,751

3,412

2,941

3,309

1,430

-2,626

-6,034

0

0

0

Change in premiums receivable

29,214

32,486

23,538

15,405

9,708

4,382

13,991

14,658

6,161

10,747

4,252

6,339

8,620

9,457

8,120

12,373

4,405

7,813

9,342

-154

4,723

1,164

448

4,474

8,567

7,948

7,795

13,170

9,228

10,899

6,559

3,842

0

0

0

Change in accounts receivable

182

-719

42

106

-470

295

101

-756

-199

-260

-694

264

-108

-112

563

-1,136

-513

-1,077

-1,469

759

-455

30

478

-728

-151

-320

-787

-836

-418

-1,767

-2,679

-2,347

0

0

0

Change in deferred policy acquisition costs

8,754

6,250

3,231

-1,711

-6,095

-5,277

-3,100

-3,191

-1,456

-1,289

-1,643

-1,173

-409

-686

-393

-380

445

1,553

-1,722

-1,840

-6,278

-6,906

-3,465

-2,325

535

1,182

1,774

2,357

2,833

2,259

2,326

1,621

0

0

0

Change in unpaid losses and loss adjustment expenses

34,480

30,991

542

147

-683

15,194

42,713

45,533

15,121

368

-23,536

-30,689

-67,869

-72,201

-44,962

-35,743

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unpaid losses and loss adjustment expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-66,923

-69,224

-44,641

-30,242

-23,015

-16,471

-22,406

-23,035

-24,802

-33,088

0

0

0

Change in unearned premiums

82,677

61,453

39,631

21,419

17,902

28,284

35,143

35,388

31,183

25,126

19,881

24,847

29,714

23,477

19,295

19,581

13,406

16,322

15,257

11,523

13,817

15,325

16,565

22,801

23,573

18,675

16,524

16,398

16,998

14,425

9,841

4,801

0

0

0

Change in unearned revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Change in accrued agent profit sharing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Change in reinsurance recoverable

87,620

85,110

54,279

69,101

43,971

50,611

65,781

35,107

48,482

39,569

28,427

33,534

17,137

12,281

9,863

4,568

10,905

12,828

25,158

32,901

44,244

41,748

27,533

24,848

11,084

10,200

13,453

9,236

6,031

1,626

-3,177

-227

0

0

0

Change in reinsurance balances payable

5,969

8,418

12,683

14,841

-1,193

11,381

4,260

5,999

7,220

9,123

13,809

12,747

16,971

12,587

7,998

7,338

185

-1,714

9,309

5,805

20,785

21,972

13,412

13,268

5,886

6,021

3,049

4,191

0

0

0

-

-

-

0

Change in current federal income tax payable

536

683

7,545

7,536

2,177

1,984

-4,179

-3,581

-3,034

-1,537

-1,627

-2,172

479

-3,267

-3,741

-2,747

1,210

2,163

1,608

249

-1,763

1,727

1,185

-799

898

236

7,120

8,256

7,375

12,194

-2,359

-2,470

0

0

0

Change in all other liabilities

4,839

-5,874

-4,521

-267

157

6,735

6,965

3,091

1,623

1,674

3,136

3,586

2,661

2,144

5,339

-1,368

3,496

8,314

4,258

7,998

1,167

-3,205

-2,992

-6,551

-201

-1,090

-637

5,396

410

-6,237

-5,079

-5,707

0

0

0

Change in all other assets

-4,692

-6,263

-4,277

-3,007

-5,316

-4,930

-6,734

-5,487

-5,329

-7,334

-5,451

-5,433

-3,778

25

-15

697

2,612

3,142

1,239

680

-4,661

-13,972

-14,980

-17,141

-13,263

-8,154

-6,961

-5,983

-5,349

-2,923

-3,828

-3,587

0

0

0

Net cash provided by (used in) operating activities

8,948

-16,355

-15,680

-32,935

-46,113

-15,080

-20,855

7,199

0

0

0

-

-

-

-

-

-

-

-

33,684

36,528

63,886

67,620

68,338

59,015

40,493

34,694

33,682

37,789

30,834

35,403

24,610

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Purchases of property and equipment

4,259

3,430

3,378

2,101

2,659

2,592

2,563

2,705

2,258

4,881

4,827

4,340

4,697

2,208

3,377

3,608

2,306

2,060

904

546

562

403

617

673

661

770

227

107

153

607

953

1,586

0

0

0

Acquisitions of subsidiaries, net of cash received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,334

0

0

0

Net transfers from restricted cash

-

-

-

-

-

-

-

-

-

-

-

-1,195

-7,369

-5,445

-1,070

-3,392

1,643

-734

-1,909

-276

8,182

4,005

2,358

3,483

454

623

1,657

-665

4,066

4,447

4,907

4,095

0

0

0

Purchases of investment securities

247,184

222,324

227,864

222,642

269,101

279,174

296,026

305,930

271,288

273,179

231,513

241,374

264,867

248,244

297,131

265,482

247,673

229,404

182,335

188,749

191,361

206,126

211,358

222,399

203,983

176,941

174,708

167,626

134,124

174,952

230,620

265,684

0

0

0

Maturities, sales and redemptions of investment securities

225,975

230,807

259,108

232,081

289,353

300,620

296,237

287,187

251,406

223,850

191,603

186,286

181,472

175,796

182,941

169,409

131,363

144,004

128,411

146,777

174,759

177,202

208,556

214,738

191,933

191,876

165,394

148,968

161,894

178,398

235,451

280,918

0

0

0

Net cash (used in ) provided by investing activities

-25,468

5,053

27,866

7,338

17,593

18,854

-2,352

-21,448

0

0

0

-

-

-

-

-

-

-

-

-42,242

-25,346

-33,332

-5,777

-11,817

-13,165

13,542

-11,198

-18,100

23,551

-942

-363

-3,781

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

281

0

0

0

-

-

-

-

Proceeds from exercise of employee stock options

0

0

0

-

-

-

-

231

0

0

0

-

-

-

-

658

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Activity under revolving credit facility, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,577

0

0

0

-

-

-

-

Purchase of treasury shares

1,723

1,723

2,810

1,807

1,464

2,347

5,122

5,308

5,633

5,797

5,387

6,117

6,414

6,547

3,537

2,532

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

18,818

-203

-1,048

-1,565

-1,149

-2,019

-4,924

-5,077

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,261

-4,908

0

0

0

-

-

-

-

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

2,298

-11,505

11,138

-27,162

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-8,999

-34,814

-23,128

-24,614

-42,974

-16,539

-66,978

-39,811

-22,842

-10,681

8,329

28,361

61,843

56,521

44,016

51,774

21,235

10,674

58,266

25,345

25,516

13,952

0

0

0

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,897

-

4,184

4,555

4,564

4,576

4,595

4,605

4,602

4,599

4,631

4,632

4,687

4,656

4,616

4,624

4,586

4,620

0

0

0

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

3,718

5,149

10,246

13,264

13,800

10,527

7,228

5,678

5,497

6,788

4,988

3,003

3,891

2,284

2,378

-4,543

-5,879

-6,159

-10,034

-3,526

-3,589

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

7,377

-1,175

1,173

353

-9,492

305

-1,092

318

388

172

-1,689

4,044

-1,317

4,196

3,114

-5,205

2,614

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

-

-

-

-

-

-

-

-

-

-

-

13,118

5,582

9,214

-11,614

-224

8,047

-14,496

2,209

1,115

-16,054

11,132

-2,613

206

-369

357

4,583

-203

972

-1,938

1,002

-2,290

0

0

0