Hci group, inc. (HCI)
CashFlow / TTM
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 flows from operating activities:
Net income

20,385

26,576

11,678

14,822

13,672

17,725

38,282

-11,261

-8,122

-6,893

-14,376

37,503

34,985

29,021

35,503

31,541

46,539

65,861

69,333

76,014

70,422

62,664

63,664

62,990

62,795

65,562

63,101

52,549

43,576

30,157

21,852

21,100

16,139

9,964

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation

6,842

6,460

6,052

5,675

5,219

4,632

4,435

4,289

4,293

4,523

4,488

4,389

4,319

4,198

4,237

4,371

4,785

5,212

5,557

6,566

7,433

8,110

8,547

8,224

7,061

5,365

3,740

2,106

1,180

844

527

220

71

27

0

0

0

Net (accretion of discounts) amortization of premiums on investments in fixed-maturity securities

60

-50

-588

-360

-628

-761

-712

-1,245

-1,245

-1,252

-1,135

-1,006

-854

-726

-725

-580

-727

-855

-733

-872

-806

-782

-799

-642

-466

-336

-248

-302

-297

-279

-302

-245

-227

-195

0

0

0

Depreciation and amortization

8,417

8,942

9,478

10,259

11,003

10,996

10,841

10,650

10,390

9,591

8,385

7,132

5,934

5,408

5,308

5,318

5,337

5,251

5,187

5,111

5,044

4,958

4,303

3,494

2,687

2,103

2,050

1,999

1,916

1,591

1,274

1,055

807

576

0

0

0

Deferred income tax (benefit) expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-3,263

-6,658

903

557

-6,189

-233

-2,348

-2,366

-635

-312

-2,258

-1,984

0

0

0

Deferred income tax expense

-

-

-

-

-

-

0

0

4,282

-

-1,300

-113

83

-155

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized investment losses

-2,126

-254

-872

784

3,579

6,183

8,590

6,738

5,863

4,346

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Net unrealized investment losses (gains)

-2,148

7,950

1,606

574

-2,309

-10,202

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Credit loss expense

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized investment losses (gains)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

293

258

275

276

-100

27

158

290

0

0

0

Other-than-temporary impairment loss charged to income

-

-

-

-

-

-

0

0

1,294

-

1,905

1,655

2,020

2,482

2,253

3,915

3,666

4,681

3,976

2,090

1,797

107

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss from unconsolidated joint venture

-66

-83

-87

-80

322

304

-40

-46

-457

-234

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution received from unconsolidated joint venture

-

-

-

-

-

-

-

-

-

147

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from real estate investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on repurchases of convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

153

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized investment gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-490

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss from limited partnership interests

-1,548

1,176

2,922

4,410

3,614

4,430

3,426

1,854

2,167

2,334

2,877

3,604

2,848

1,207

-328

-3,847

-3,848

-3,244

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions received from limited partnership interests

3,545

4,176

4,497

5,352

3,230

2,345

1,522

1,064

737

881

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss on disposal or sale of real estate investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency remeasurement loss

-136

-57

34

-15

-101

-135

-171

-106

-22

60

11

41

17

-29

-21

-68

-69

-66

-73

-58

-40

-29

-7

-13

-44

-69

0

0

0

-

-

-

-

-

-

-

-

Other non-cash items

-243

-290

0

0

0

-

-

-18

-18

-134

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accrued interest and dividends receivable

-532

-176

547

210

868

-191

-714

-609

-227

329

582

728

417

300

190

-185

-17

331

497

311

113

-74

436

853

1,066

758

238

-136

-43

-33

90

360

33

228

0

0

0

Income taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

-

-

-

-

-

-

0

0

-15,943

-

-24,972

3,859

2,573

-1,192

-1,609

-11,018

-11,390

766

4,257

5,844

4,915

-3,167

-3,256

-21

-5,210

-8,270

1,260

124

8,705

3,857

0

0

3,761

4,646

0

0

0

Premiums receivable

2,010

3,588

188

501

-42

-1,140

-1,718

-724

-701

531

1,053

-607

-1,070

-2,355

-3,652

-2,933

185

3,807

3,195

1,399

483

1,150

1,983

457

908

4,032

7,101

7,567

2,189

-3,267

7,423

10,449

10,240

8,061

0

0

0

Prepaid reinsurance premiums

256

51

5,300

-37

-736

-4,354

-894

-6,452

-4,293

-2,268

-1,347

239

-4,530

-16,193

3,109

2,375

851

6,651

-4,375

141

855

6,030

-1,570

2,041

-818

18,954

10,754

4,752

12,941

-5,057

4,553

17,618

-6,544

-3,618

0

0

0

Reinsurance recoverable

12,492

8,767

90,349

-17,821

19,697

20,807

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred policy acquisition costs

5,167

5,156

2,466

765

-163

-205

-481

-165

-38

73

-71

-840

-1,081

-1,963

-2,311

-902

1,390

3,588

3,360

1,910

879

943

1,300

1,475

2,362

4,039

6,324

6,132

2,472

-2,289

1,391

2,414

2,593

2,914

0

0

0

Other assets

8,667

7,837

5,586

2,505

2,361

-408

-62

-9,165

-6,105

-783

169

5,950

-30,572

-29,354

-27,565

-34,154

7,011

7,230

9,163

26,571

22,861

20,086

18,133

12,605

12,183

9,579

5,745

3,789

425

803

-122

-113

-4,408

-82

0

0

0

Losses and loss adjustment expenses

22,447

7,111

99,507

-18,145

36,075

9,008

-206,258

99,298

78,675

128,086

287,477

18,362

16,640

18,802

-22

398

2,094

2,782

9,563

11,285

7,580

5,222

4,130

-1,705

1,846

2,518

4,798

7,436

8,275

13,744

15,033

12,340

9,426

5,278

0

0

0

Unearned premiums

21,855

23,434

5,705

-1,402

-5,386

-7,167

-7,124

-5,142

-6,852

-10,907

-3,148

-8,630

-8,493

-11,487

-25,711

-24,903

-21,927

-26,781

31,235

26,846

28,999

42,164

15,678

15,211

16,008

17,658

67,275

71,017

50,076

45,572

42,556

49,899

43,809

43,643

0

0

0

Assumed reinsurance balances receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Advance premiums

-28,385

603

-1,296

-502

-272

-1,244

-102

1,817

1,177

-297

-371

-1,143

-211

332

1,210

1,581

2,854

-603

-570

-21,270

-28,267

124

-12,087

2,650

712

-475

2,926

2,269

22,845

1,897

9,058

13,676

-2,107

1,018

0

0

0

Assumed reinsurance balances payable

50

62

-142

-133

-110

-1

-101

-48

-4,211

-3,279

243

181

3,238

2,210

-415

-855

-8,564

866

415

539

8,657

-4,442

-586

-1,150

3

3,283

0

0

0

-

-

-

-

-

-

-

-

Reinsurance recovered in advance on unpaid losses

-

-

-

-

-

13,885

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

8,711

9,413

3,373

3,535

3,331

2,444

2,900

109

453

2,548

-2,189

154

-2,953

-2,223

-12,062

-7,829

1,536

4,157

10,654

8,582

8,940

10,011

6,604

6,871

2,738

3,232

5,800

4,421

4,918

-258

4,589

1,962

3,332

1,399

0

0

0

Net cash provided by operating activities

98,855

54,047

37,240

29,838

53,783

28,595

-5,418

12,753

-22,323

16,635

47,884

49,313

85,349

88,275

30,845

37,942

13,570

45,282

131,178

106,574

112,664

88,729

72,733

72,861

75,263

55,472

115,564

124,833

104,043

106,266

74,847

57,124

76,423

56,033

0

0

0

Cash flows from investing activities:
Investment in real estate under acquisition, development, and construction arrangement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,968

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in limited partnership interests

1,332

1,174

4,258

6,295

6,357

7,182

6,426

5,375

3,466

4,226

2,623

3,711

5,348

4,670

6,820

6,456

6,794

24,636

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions received from limited partnership interests

0

-

-

-

-

-

-

-

-

11,758

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

435

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution from unconsolidated joint venture

-

-

-

-

-

-

-

-

-

417

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

2,606

2,887

2,699

2,455

2,350

2,187

2,122

2,090

2,171

2,340

2,194

1,675

1,233

865

818

949

885

840

693

663

588

453

651

907

1,161

3,433

3,351

3,408

3,264

1,196

1,075

1,781

2,786

3,144

0

0

0

Purchase of real estate investments

4,800

11,481

11,262

10,844

16,538

7,472

16,468

16,467

10,826

11,878

2,834

3,314

3,242

2,261

6,100

5,621

4,964

4,871

354

229

138

413

251

762

833

565

1,147

748

1,521

1,600

0

0

0

-

-

-

-

Purchase of fixed-maturity securities

22,079

82,662

134,431

137,925

138,372

113,174

67,583

74,365

148,881

114,743

111,556

137,211

90,936

85,530

84,652

60,923

38,160

98,501

120,217

132,234

129,330

83,365

107,827

102,688

100,584

82,907

31,836

12,019

7,421

10,128

11,375

23,715

28,214

31,170

0

0

0

Purchase of equity securities

16,814

24,637

29,684

47,196

54,312

52,250

56,278

48,547

50,137

50,453

45,194

36,762

28,987

22,434

18,042

16,783

17,749

32,878

39,744

44,621

55,749

44,257

38,772

32,867

17,993

11,308

5,536

4,148

4,557

6,410

7,075

6,139

5,784

6,625

0

0

0

Purchase of short-term and other investments

-

1,178

46,975

77,221

146,287

201,538

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of fixed-maturity securities

9,085

7,947

8,494

7,025

7,510

81,809

100,661

102,655

104,530

31,759

12,677

13,803

43,793

40,454

39,616

83,950

52,577

53,711

82,356

81,688

98,908

98,365

67,519

20,352

2,403

1,749

5,804

7,931

8,806

8,991

0

0

0

-

-

-

-

Proceeds from calls, repayments and maturities of fixed-maturity securities

45,854

59,343

80,072

102,758

117,385

82,177

58,954

38,167

20,712

14,897

10,841

7,555

5,032

4,692

6,326

6,213

8,399

9,344

7,298

7,178

4,955

4,603

4,033

3,501

3,003

3,607

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sales of equity securities

18,802

37,669

44,905

58,844

69,880

66,439

74,852

64,816

62,444

45,282

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales, redemptions and maturities of short-term and other investments

-

67,398

134,167

187,036

171,110

135,256

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales, calls, and repayments of fixed maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from sales of equity securities - available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,739

26,856

25,294

25,695

21,689

18,874

18,801

16,810

10,020

7,426

5,212

2,809

1,693

1,536

1,996

1,735

2,204

2,071

1,233

1,665

0

0

0

Proceeds from sales of real estate investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

5

5

5

1

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Time deposits, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,427

7,175

7,122

1,625

1,606

0

0

0

Net cash provided by investing activities

59,093

50,459

39,265

74,936

2,113

-17,678

-1,637

-52,022

-83,865

-80,164

-93,112

-115,807

-44,243

-49,028

-47,476

22,439

11,064

-80,374

-81,515

-101,537

-93,338

-18,652

-73,028

-108,527

-109,944

-90,040

-21,445

1,191

2,792

-1,211

-11,506

-22,934

-19,816

-16,951

0

0

0

Cash flows from financing activities:
Cash dividends paid

12,871

13,012

12,776

12,888

11,348

11,318

11,765

11,891

13,593

13,906

13,582

13,154

12,846

12,438

12,158

12,363

12,389

12,428

12,636

12,411

12,376

12,355

12,555

12,127

11,615

10,902

11,147

10,504

9,880

8,561

6,731

5,594

4,383

3,825

0

0

0

Cash dividends received under share repurchase forward contract

306

306

301

530

759

967

1,181

1,160

1,140

1,073

974

876

778

747

747

747

747

747

732

717

701

685

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from revolving credit facility

15,750

9,750

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from the issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,307

0

0

0

Proceeds from exercise of common stock options

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

0

0

0

-

-

-

0

-

-

-

-

564

0

0

0

Proceeds from the exercise of common stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,869

0

0

0

-

-

-

-

Proceeds from issuance of long-term debt

0

-

-

-

-

-

-

-

-

143,859

143,859

152,859

152,859

18,200

0

0

0

-

-

-

-

-

-

-

-

143,250

0

0

0

-

-

-

-

-

-

-

-

Repurchases of convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

11,347

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

0

-

0

0

0

-

0

0

1,019

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

1,202

1,203

1,233

1,233

958

1,151

1,023

1,023

924

30,718

30,636

30,653

30,257

464

464

467

409

792

819

818

885

643

30,609

31,248

31,239

30,886

0

0

0

-

-

-

-

1,887

0

0

0

Repurchases of common stock under share repurchase plan

20,554

18,851

15,339

14,310

14,816

20,015

28,832

27,275

20,141

15,154

8,192

9,601

15,569

20,026

18,023

12,015

6,007

1,610

12,149

22,154

32,977

38,354

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Purchase of non-controlling interest

-

-

-

-

-

-539

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

165

459

459

564

564

105

105

0

169

4,975

4,975

5,137

4,968

339

0

0

0

-

-

-

-

234

3,479

3,479

3,502

4,770

0

0

0

-

-

-

-

-

-

-

-

Tax benefits on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

641

635

735

2,086

2,295

2,532

2,467

1,424

2,080

1,552

2,084

1,953

1,060

1,608

1,004

746

1,161

0

0

0

-

-

-

-

Excess tax benefit from common stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) financing activities

-18,770

-114,724

-110,996

-104,156

-104,112

-27,288

-36,143

-40,597

-75,420

39,030

46,153

54,079

89,279

-26,157

-23,013

-25,774

-18,070

-11,525

-22,077

-31,999

-44,147

-48,730

30,699

40,853

51,906

97,752

37,886

39,732

61,618

24,799

16,625

16,642

-4,202

6,424

0

0

0

Effect of exchange rate changes on cash

-65

-22

34

-27

-138

-164

-166

-101

-19

61

42

70

48

3

-18

-62

-64

-61

-67

-57

-42

-29

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents, and restricted cash

-

-

-

-

-

-

-

0

-181,627

-

967

-12,345

130,433

13,093

-39,662

34,545

6,500

-46,678

27,519

-27,019

-24,863

21,318

30,445

5,236

17,249

63,184

131,956

165,724

168,451

129,859

79,966

50,832

52,405

45,506

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for income taxes

7,713

7,713

5,315

8,866

3,660

3,655

3,625

73

11,505

11,506

11,539

18,018

18,863

18,857

0

0

0

-

-

-

-

43,902

43,936

42,950

40,985

47,435

40,905

27,365

20,630

16,710

15,415

15,155

8,160

3,451

0

0

0

Cash paid for interest

7,624

9,386

9,221

10,864

10,777

10,720

10,662

10,595

11,131

8,906

9,452

7,096

7,201

7,222

7,222

7,351

7,260

7,211

7,211

7,212

7,212

6,258

6,258

4,262

4,378

2,531

0

0

0

-

-

-

-

-

-

-

0

Non-cash investing and financing activities:
Unrealized (loss) gain on investments in available-for-sale securities, net of tax

-495

3,631

3,192

2,814

-3,292

-2,835

-2,660

-864

3,445

1,923

-8,996

-9,596

-5,295

-4,434

7,088

3,586

-2,298

-2,457

-3,246

-3,866

-241

-448

-142

3,100

753

-506

-662

-183

807

1,412

2,029

1,138

1,125

250

0

0

0

Conversion of revolving credit facility to long-term debt

-

-

-

-

-

-

-

-

-

9,441

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-