KINGSWAY FINANCIAL SERVICES INC. KFS Cash Flow

Kingsway financial services inc. (KFS)

CashFlow / TTM

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
-13,674	-13,029	-22,929	-28,336	-16,805	-14,811	-12,587	-11,609	-9,374	-6,420	777	522	-2,887	-5,368	-3,660	1,269	4,724	-477	-6,784	-11,224	0	0	0	-	-	-	-58,092	-53,278	-50,848	-24,522	-21,553	-27,371	0	0	0
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
-333	84	678	1,064	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
-	-	-	-	-	-	-	1,017	0	0	0	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,293	0	0	0
Income (Loss) from Equity Method Investments
-1,834	-2,047	-2,633	-2,499	149	-409	-169	2,115	1,330	2,166	1,437	-1,017	-944	-1,075	-272	-339	-506	-397	-326	-190	-83	0	0	255	1,322	1,420	1,517	-1,004	-1,270	-1,223	-1,849	417	0	0	0
Equity in net income of limited liability investments
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions
-	-	-	-	-	-	-	1,551	1,298	1,447	1,593	1,157	806	911	466	1,596	1,573	1,154	1,091	184	186	-12	90	118	79	96	-14	-68	0	0	0	-	-	-	-
Loss on change in fair value of limited liability investment
-	-	-	-	-	-	-	-1,832	6,108	3,687	5,541	5,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization expense
6,758	7,406	6,976	6,711	6,450	4,915	5,338	5,390	4,857	5,236	3,748	2,780	2,407	1,588	1,790	1,845	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,940	3,240	3,489	3,838	4,699	3,777	3,425	2,955	1,588	2,142	2,112	2,271	0	0	0
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,139	-2,660	-2,503	-2,346	-2,223	1,121	1,009	897	785	0	0	0	-	-	-	-	-	-	-	-
Stock-based compensation expense (benefit), net of forfeitures
750	-1,863	-1,711	-1,661	-1,581	1,186	1,186	1,186	1,186	1,103	1,106	1,015	920	902	803	802	804	811	815	1,239	1,160	1,086	949	325	324	320	385	354	356	333	175	-37	0	0	0
Realized Investment Gains (Losses)
760	-655	33	-17	290	704	571	306	417	463	531	360	1,003	1,040	1,026	1,197	-282	-36	5,002	5,041	10,020	10,012	4,953	3,505	-1,331	-543	-598	1,084	2,352	1,347	1,367	1,095	0	0	0
Gain (Loss) on Sale of Equity Investments
-723	-348	-706	381	1,081	744	1,165	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) On Change In Fair Value Of Limited Liability Investments, At Fair Value
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in unrealized loss on private company investments
-1,817	-1,455	-1,610	-1,629	371	352	-1,005	-758	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on change in fair value of debt
2,895	835	-225	-1,720	-5,229	-4,957	-7,517	-8,487	-10,614	-11,908	-8,138	-3,721	1,091	6,021	3,725	1,458	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, adjusted for Geminus liabilities assumed
742	1,098	1,098	226	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on change in fair value of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,447	-9,683	454	-9,060	-2,120	-9,098	-13,854	-9,234	0	0	0	-	-	-	-
Loss on change in fair value of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Deferred income taxes
-	-	-	-	-	-	-	-	-8,748	-8,753	-9,878	-9,807	97	88	87	87	88	87	87	263	532	790	1,049	435	1,229	949	669	1,085	1	2,839	3,416	3,423	0	0	0
Intangible asset impairment
-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment loss
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of fixed maturities premiums and discounts
10	-18	-46	-57	-70	-80	-90	-95	-114	-132	-165	-218	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of note payable premium
-921	-927	-933	-939	-945	-950	-955	-960	-966	-930	-689	-447	-203	-164	-79	0	-515	-213	-127	0	764	1,022	1,487	2,551	3,247	3,956	4,244	3,624	2,903	2,050	1,359	890	0	0	0
Gain on disposal of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,244	-1,242	-1,242	-1,242	0	0	0	0	-	-	-	-	-	-	-	-
Increase (Decrease) in Other Operating Assets and Liabilities, Net [Abstract]
Realized loss (gain) on buy-back of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24	-24	476	476	500	0	0	0	-	-	-	-
Changes in operating assets and liabilities:
Service fee receivable, net, adjusted for Geminus assets acquired
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Receivables
-	-	-	-	-	-	-	1,689	-653	107	-312	4,883	3,408	1,958	-1,270	-1,848	-820	-87	1,247	-3,001	-306	-4,986	-5,202	276	1,158	7,817	2,272	9,092	5,443	-650	1,949	-13,704	0	0	0
Other receivables, net, adjusted for Geminus assets acquired
1,856	1,678	1,817	2,276	2,059	2,983	3,106	3,099	2,484	1,347	504	-1,068	-2,799	-3,745	-1,762	-1,356	856	-2,371	364	1,372	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Reinsurance recoverable
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2,071	-	-2,316	-4,347	-4,322	-6,683	-11,305	-9,281	-7,096	1,778	4,836	9,448	13,372	7,860	9,917	5,316	348	-7,955	0	0	0
Prepaid reinsurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-8,205	-11,733	-10,090	-500	0	0	0	-	-	-	-	-	-	-	-
Deferred acquisition costs, net
1,348	1,062	792	579	658	608	560	498	-530	12	210	1,466	2,012	1,207	237	-54	78	-8	644	-195	1,772	828	-126	-1,710	-2,431	-920	-801	903	-1,300	-2,754	-4,665	-5,836	0	0	0
Income taxes recoverable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56	57	54	74	0	0	0	-	-	-	-	-8,134	-12,389	-6,034	-9,425	-9,857	0	0	0
Unpaid loss and loss adjustment expenses
-435	-657	16	744	798	794	-491	-873	3,956	1,138	577	-1,736	-6,367	-6,024	-6,652	-8,424	-45,780	-38,420	-32,414	-20,792	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Restricted Cash for Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-22,259	0	0	0
Unpaid loss and loss adjustment expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,902	15,750	3,472	8,518	17,359	27,247	43,446	47,406	54,450	0	0	0
Unearned premiums
-	-	-	-	-	-	-	-	-	-	-	4,942	4,898	3,274	-1,010	-1,198	-644	-328	1,586	-12,145	-9,450	-9,132	-11,137	3,530	3,776	5,402	6,475	5,624	1,290	-6,545	-15,795	-27,456	0	0	0
Reinsurance payable
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-513	-	403	461	640	-508	-4,186	-7,524	-10,492	-3,923	-4,872	3,244	8,194	3,043	9,107	4,239	2,411	912	0	0	0
Deferred service fees, adjusted for Geminus liabilities assumed
6,763	6,590	5,297	6,017	5,269	2,985	4,150	1,830	614	1,923	1,200	1,503	1,908	1,303	319	-777	-1,051	-884	-382	493	727	567	206	-199	-550	229	888	2,098	8,670	7,325	4,621	-72	0	0	0
Other, net, adjusted for Geminus assets acquired and liabilities assumed
-6,048	-551	4,635	2,745	18,562	10,277	3,072	5,133	-7,062	-199	1,126	21	19,535	15,725	19,219	18,318	-9,276	-9,020	-10,268	-9,405	615	-1,588	-2,646	-2,852	-13,229	-4,627	3,875	-3,379	14,661	12,815	-70	10,017	0	0	0
Cash provided by (used in) operating activities - continuing operations
5,162	-1,069	-5,921	-2,765	-19,237	-14,013	-6,837	-10,000	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-44,681	-41,351	-41,148	-46,696	-58,888	-71,570	-78,034	-76,114	0	0	0
Cash used in operating activities - discontinued operations
0	-5,469	-5,557	-7,378	1,415	653	-1,302	-4,404	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
5,162	-6,538	-11,478	-10,143	-17,822	-13,360	-8,139	-14,404	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investing activities:
Proceeds from sales and maturities of fixed maturities
11,179	7,941	6,055	7,019	6,015	6,576	5,346	1,756	7,240	12,859	23,549	26,063	23,983	21,968	28,867	27,480	29,235	35,306	23,750	27,655	43,208	40,543	35,963	40,211	33,023	38,609	50,868	78,876	124,123	149,253	177,123	161,042	0	0	0
Proceeds from sales of equity investments
811	2,065	1,461	5,094	8,720	7,458	7,387	3,754	4,086	4,086	6,200	7,807	3,923	4,233	2,118	819	1,903	2,651	8,284	8,047	28,488	35,852	30,422	30,526	8,799	2,836	2,634	2,459	0	0	0	-	-	-	-
Purchases of fixed maturities
12,699	12,699	9,009	4,790	1,885	1,885	1,885	192	7,673	12,708	24,046	32,297	25,379	26,405	30,072	26,351	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of investment in investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,638	17,662	17,662	17,662	4,024	0	0	0	-	-	-	-
Purchases of fixed maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,260	24,168	21,691	16,692	9,600	12,099	17,886	49,430	80,273	113,068	110,128	127,780	0	0	0
Purchases of equity investments
354	405	467	1,211	-3,459	638	412	338	6,291	2,143	2,307	3,178	3,439	6,824	9,367	9,564	11,948	9,313	14,607	14,462	11,480	10,993	3,156	1,586	286	23	-727	0	0	300	2,170	1,420	0	0	0
Net proceeds from limited liability investments
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Equity Method Investments
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net purchases of limited liability investments, at fair value
-	0	0	-	-	0	0	-	-	-	-	3,118	6,578	6,834	7,753	10,312	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net purchases of limited liability investments, at fair value
-	-	-	-	-	-	-	664	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from investments in private companies
-705	-154	-208	0	-469	-95	-20	171	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from other investments
2,622	2,476	2,572	1,642	2,673	2,304	2,077	2,272	0	0	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net acquisition of limited liability investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,989	4,655	3,111	2,749	919	2,991	2,304	2,403	0	0	0	-	-	-	-
Net purchases of other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	906	0	0	0	-	-	-	-	-	-	-	-
Net proceeds from short-term investments
-49	-29	-6	1	0	0	0	-250	-519	-519	-519	264	533	533	529	-4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from (purchases of) short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	15	15	237	575	575	575	250	0	0	0	-	-	-	-
Cash Acquired from Acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net purchases of property and equipment, adjusted for Geminus assets acquired
-	-	0	-	-	-	0	-	-	462	640	645	669	681	175	203	0	0	0	-	2,236	2,342	1,233	1,126	563	-63	5	170	591	1,377	1,458	1,344	0	0	0
Proceeds from Sale of Other Assets, Investing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of business, net of cash acquired
4,847	4,792	4,321	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of preferred stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,330	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	132	132	132	132	350	0	0	0
Cash (used in) provided by investing activities - continuing operations
2,069	1,079	7,368	18,071	18,795	9,422	1,674	-3,291	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	58,317	54,258	63,980	45,965	41,239	32,988	61,841	28,972	0	0	0
Cash provided by investing activities - discontinued operations
0	5,063	678	1,977	9,475	11,694	18,928	23,392	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
2,069	6,142	8,046	20,048	28,270	21,116	20,602	20,101	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing activities:
Taxes paid related to net share settlements of restricted stock awards
89	465	465	376	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal proceeds from bank loan, net of debt issuance costs of $981
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,418	0	0	0
Principal payments on bank loans
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract]
Principal payments on bank loan
-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable
-	-	-	-	-	-	-	3,037	2,856	2,677	1,935	1,220	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided by (used in) financing activities - continuing operations
3,397	3,831	4,749	-4,090	782	1,497	1,834	2,172	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash used in financing activities - discontinued operations
0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of senior unsecured debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,356	26,310	26,310	26,310	12,537	583	2,239	2,239	1,656	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
3,397	3,831	4,749	-4,090	782	1,497	1,834	2,172	7,621	7,800	8,417	9,132	0	0	0	-	-	-	-	6,777	-5,233	-7,867	-7,808	-437	11,530	-4,657	-4,657	-3,942	-3,942	-22	-10,407	-7,939	0	0	0
Net increase in cash and cash equivalents and restricted cash from continuing operations
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect
-	-	-	-	-	-	-	-11,119	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents and restricted cash from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-15,226	-45,080	-46,288	-22,582	-19,533	-9,923	19,175	-8,524	-26,271	0	0	0	-	25,166	8,250	18,175	-4,673	-21,591	-38,604	-26,600	-55,081	0	0	0