KINGSWAY FINANCIAL SERVICES INC. KFS Cash Flow

Kingsway financial services inc. (KFS)

CashFlow / Quarterly

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
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]
Operating activities:
Net loss
-4,006	-396	3,189	-12,461	-3,361	-10,296	-2,218	-930	-1,367	-8,072	-1,240	1,305	1,587	-875	-1,495	-2,104	-894	833	3,434	1,351	-6,095	-5,474	-1,006	-	-	-	-17,336	-13,005	-20,034	-7,717	-12,522	-10,575	6,292	-4,748	-18,340
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax
0	0	0	-333	417	594	386	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
-	-	-	-	-	-	-	0	0	1,472	-455	-	-	-	-	-	-	-	-	0	0	-1,746	1,746	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,293
Income (Loss) from Equity Method Investments
-126	201	-33	-1,876	-339	-385	101	772	-897	-145	2,385	-13	-61	-874	-69	60	-192	-71	-136	-107	-83	0	0	0	0	0	255	1,067	98	97	-2,266	801	145	-529	0
Equity in net income of limited liability investments
20	32	-18	-	22	189	-8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions
-	-	-	-	-	-	-	610	341	365	235	357	490	511	-201	6	595	66	929	-17	176	3	22	-15	-22	105	50	-54	-5	-5	-4	-	-	-	-
Loss on change in fair value of limited liability investment
-	-	-	-	-	-	-	-2,621	2,448	-1,713	54	5,319	27	141	-387	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization expense
1,773	1,767	1,606	1,612	2,421	1,337	1,341	1,351	886	1,760	1,393	818	1,265	272	425	445	446	474	480	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	601	634	653	1,052	901	883	1,002	1,913	-21	531	532	546	533	501	691
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,503	110	110	144	-3,024	267	267	267	320	155	155	155	-	-	-	-	-	-	-	-
Stock-based compensation expense (benefit), net of forfeitures
145	144	242	219	-2,468	296	292	299	299	296	292	299	216	299	201	204	198	200	200	206	205	204	624	127	131	67	0	126	127	132	-31	128	104	-26	-243
Realized Investment Gains (Losses)
1,001	-556	315	0	-414	132	265	307	0	-1	0	418	46	67	-171	1,061	83	53	0	-418	329	5,091	39	4,561	321	32	-1,409	-275	1,109	-23	273	993	104	-3	1
Gain (Loss) on Sale of Equity Investments
-38	-63	78	-700	337	-421	1,165	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) On Change In Fair Value Of Limited Liability Investments, At Fair Value
-3,356	2,347	4,265	-	-131	-525	-936	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in unrealized loss on private company investments
-343	0	19	-1,493	19	-155	0	507	0	-1,512	247	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on change in fair value of debt
610	918	576	791	-1,450	-142	-919	-2,718	-1,178	-2,702	-1,889	-4,845	-2,472	1,068	2,528	-33	2,458	-1,228	261	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, adjusted for Geminus liabilities assumed
-35	-33	849	-39	321	-33	-23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on change in fair value of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,963	-7,799	563	-6,248	3,801	2,338	-8,951	692	-3,177	-2,418	-4,331	-	-	-	-
Loss on change in fair value of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,189	11,237	-2,605
Deferred income taxes
-	-	-	-	-	-	-	-	37	1,147	-49	-9,883	32	22	22	21	23	21	22	22	22	21	198	291	280	280	-416	1,085	0	0	0	1	2,838	577	7
Intangible asset impairment
-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment loss
0	0	75	-	0	0	0	-	-	-	-	-	-	-	-	0	0	0	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of fixed maturities premiums and discounts
13	13	-6	-10	-15	-15	-17	-23	-25	-25	-22	-42	-43	-58	-75	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of note payable premium
-228	-230	-231	-232	-234	-236	-237	-238	-239	-241	-242	-244	-203	0	0	0	-164	85	79	-515	138	171	206	249	396	636	1,270	945	1,105	924	650	224	252	233	181
Gain on disposal of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	0	0	-1,242	0	0	0	0	-	-	-	-	-	-	-	-
Increase (Decrease) in Other Operating Assets and Liabilities, Net [Abstract]
Realized loss (gain) on buy-back of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-24	0	500	0	0	-	-	-	-
Changes in operating assets and liabilities:
Service fee receivable, net, adjusted for Geminus assets acquired
1,161	228	1,071	-	1,569	-548	1,335	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Receivables
-	-	-	-	-	-	-	378	1,223	-151	239	-1,964	1,983	-570	5,434	-3,439	533	-3,798	4,856	-2,411	1,266	-2,464	608	284	-3,414	-2,680	6,086	1,166	3,245	-8,225	12,906	-2,483	-2,848	-5,626	-2,747
Other receivables, net, adjusted for Geminus assets acquired
300	236	783	537	122	375	1,242	320	1,046	498	1,235	-295	-91	-345	-337	-2,026	-1,037	1,638	69	186	-4,264	4,373	1,077	-	-	-	-	-	-	-	-	-	-	-	-
Reinsurance recoverable
-	-	-	-	-	-	-	-	-	-	-	-	-	-217	-246	-	182	-1,742	-405	-351	-1,849	-1,717	-2,766	-4,973	175	468	6,108	-1,915	4,787	4,392	596	142	186	-576	-7,707
Prepaid reinsurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-42	-43	126	-	-47	-46	-6,668	-1,444	-3,575	1,597	2,922	-	-	-	-	-	-	-	-
Deferred acquisition costs, net
523	504	316	5	237	234	103	84	187	186	41	-944	729	384	1,297	-398	-76	-586	1,006	-266	-162	66	167	1,701	-1,106	-888	-1,417	980	405	-769	287	-1,223	-1,049	-2,680	-884
Income taxes recoverable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	3	-20	74	0	0	0	-	-	-	-	0	-7,132	-284	-718	-4,255	-777	-3,675	-1,150
Unpaid loss and loss adjustment expenses
-80	498	-634	-219	-302	1,171	94	-165	-306	-114	-288	4,664	-3,124	-675	-2,601	33	-2,781	-1,303	-4,373	-37,323	4,579	4,703	7,249	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Restricted Cash for Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,150	-20,109
Unpaid loss and loss adjustment expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,206	6,975	1,361	5,360	2,054	-5,303	6,407	14,201	11,942	10,896	10,367	21,245
Unearned premiums
-	-	-	-	-	-	-	-	-	-	-	-2,474	1,528	-433	6,321	-2,518	-96	-4,717	6,133	-1,964	220	-2,803	-7,598	731	538	-4,808	7,069	977	2,164	-3,735	6,218	-3,357	-5,671	-12,985	-5,443
Reinsurance payable
-	-	-	-	-	-	-	-	-	-	-	-	-	12	127	-	-105	-228	260	476	-47	-49	-888	-3,202	-3,385	-3,017	5,681	-4,151	4,731	1,933	530	1,913	-137	105	-969
Deferred service fees, adjusted for Geminus liabilities assumed
1,790	2,079	1,749	1,145	1,617	786	2,469	397	-667	1,951	149	-819	642	1,228	452	-414	37	244	-644	-688	204	746	231	-454	44	385	-174	-805	823	1,044	1,036	5,767	-522	-1,660	-3,657
Other, net, adjusted for Geminus assets acquired and liabilities assumed
-2,799	-438	708	-3,519	2,698	4,748	-1,182	12,298	-5,587	-2,457	879	103	1,276	-1,132	-226	19,617	-2,534	2,362	-1,127	-7,977	-2,278	1,114	-264	2,043	-4,481	56	-470	-8,334	4,121	8,558	-7,724	9,706	2,275	-4,327	2,363
Cash provided by (used in) operating activities - continuing operations
2,463	473	-2,927	5,153	-3,768	-4,379	229	-11,319	1,456	2,797	-2,934	-	-6,094	-937	-4,095	-	-2,955	-7,770	187	-	811	-6,681	-7,844	-	-13,083	-14,333	-11,259	-6,006	-9,753	-14,130	-16,807	-18,198	-22,435	-20,594	-14,887
Cash used in operating activities - discontinued operations
0	0	0	0	-5,469	-88	-1,821	8,793	-6,231	-2,043	-4,923	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
2,463	473	-2,927	5,153	-9,237	-4,467	-1,592	-2,526	-4,775	754	-7,857	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investing activities:
Proceeds from sales and maturities of fixed maturities
3,514	3,193	2,694	1,778	276	1,307	3,658	774	837	77	68	6,258	6,456	10,767	2,582	4,178	4,441	17,666	1,195	5,933	10,512	6,110	5,100	21,486	7,847	1,530	9,348	14,298	13,433	13,789	37,356	59,545	38,563	41,659	21,275
Proceeds from sales of equity investments
8	675	0	128	1,262	71	3,633	3,754	0	0	0	4,086	0	2,114	1,607	202	310	-1	308	1,286	1,058	5,632	71	21,727	8,422	202	175	0	2,459	0	0	-	-	-	-
Purchases of fixed maturities
0	3,690	6,104	2,905	0	0	1,885	0	0	0	192	7,481	5,035	11,338	8,443	563	6,061	15,005	4,722	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of investment in investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	13,638	4,024	0	0	0	-	-	-	-
Purchases of fixed maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,925	6,490	5,878	11,967	-167	4,013	879	4,875	2,332	9,800	32,423	35,718	35,127	6,860	50,075
Purchases of equity investments
0	0	0	354	51	62	744	-4,316	4,148	-164	670	1,637	0	0	1,541	1,898	3,385	2,543	1,738	4,282	750	7,837	1,593	1,300	263	0	23	0	0	-750	750	0	300	1,120	0
Net proceeds from limited liability investments
-	-33	-249	-	-	-2,450	251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Equity Method Investments
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net purchases of limited liability investments, at fair value
-	336	0	-	-	658	8	-	-	-	-	248	1,853	717	300	3,708	2,109	1,636	2,859	-	-	-	7,661	-	-	-	-	-	-	-	-	-	-	-	-
Net purchases of limited liability investments, at fair value
-	-	-	-	-	-	-	-650	830	415	69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from investments in private companies
-575	0	-249	119	-24	-54	-41	-350	350	21	150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from other investments
145	-96	1,335	1,238	-1	0	405	2,269	-370	-227	600	-	-	-	17	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net acquisition of limited liability investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,335	2,231	263	1,830	331	687	-99	0	2,403	0	0	-	-	-	-
Net purchases of other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-125	0	1,031	0	-	-	-	-	-	-	-	-
Net proceeds from short-term investments
-20	-23	-7	1	0	0	0	0	0	0	-250	-269	0	0	533	0	0	-4	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from (purchases of) short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	103	-88	0	0	325	250	0	0	0	-	-	-	-
Cash Acquired from Acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net purchases of property and equipment, adjusted for Geminus assets acquired
-	-	16	-	-	-	53	-	-	433	6	4	19	611	11	28	31	105	39	-	80	1,195	290	671	186	86	183	108	-440	154	348	529	346	235	234
Proceeds from Sale of Other Assets, Investing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of business, net of cash acquired
55	471	4,321	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of preferred stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-13	-59	6,402	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	132	0	0	0	350
Cash (used in) provided by investing activities - continuing operations
5,093	-787	-5,907	3,670	4,103	5,502	4,796	4,394	-5,270	-2,246	-169	-	-2,481	-35	-6,622	-	-7,435	43,299	-7,855	-	3,150	1,650	-9,617	-	15,656	-5,137	21,850	25,948	11,597	4,585	3,835	21,222	3,346	33,438	-29,034
Cash provided by investing activities - discontinued operations
0	0	0	0	5,063	-4,385	1,299	7,498	7,282	2,849	5,763	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
5,093	-787	-5,907	3,670	9,166	1,117	6,095	11,892	2,012	603	5,594	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing activities:
Taxes paid related to net share settlements of restricted stock awards
0	0	89	0	376	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal proceeds from bank loan, net of debt issuance costs of $981
0	0	9,019	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	168	2,250
Principal payments on bank loans
965	1,075	250	-	250	250	250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable
-	-	894	-	-	-	803	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract]
Principal payments on bank loan
-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable
-	-	-	-	-	-	-	794	786	742	715	613	607	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided by (used in) financing activities - continuing operations
-1,935	-1,997	7,786	-457	-1,501	-1,079	-1,053	4,415	-786	-742	-715	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash used in financing activities - discontinued operations
0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of senior unsecured debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	14,356	11,954	0	0	583	0	1,656	0	0	-	-	-	-
Net cash provided by (used in) financing activities
-1,935	-1,997	7,786	-457	-1,501	-1,079	-1,053	4,415	-786	-742	-715	9,864	-607	-125	0	-	-	-	-	43	14,747	-59	-7,954	-11,967	12,113	0	-583	0	-4,074	0	132	0	-154	-10,385	2,600
Net increase in cash and cash equivalents and restricted cash from continuing operations
5,621	-2,311	-1,048	-	-1,166	44	3,972	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect
-	-	-	-	-	-	-	-2,510	-4,600	-191	-3,818	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents and restricted cash from continuing operations
-	-	-	-	-	-	-	-	-	-	-	5,770	-9,182	-1,097	-10,717	-24,084	-10,390	22,609	-7,668	-14,474	18,708	-5,090	-25,415	-	14,686	-19,470	10,008	19,942	-2,230	-9,545	-12,840	3,024	-19,243	2,459	-41,321