MBIA INC MBI Cash Flow

Mbia inc (MBI)

CashFlow / TTM

Mar'20	Dec'19	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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Premiums, fees and reimbursements received
47	47	32	74	79	86	93	55	62	61	69	96	101	115	116	80	101	95	137	187	180	193	164	150	161	185	201	228	282	281	0	0	0	-	-	-	0	-	-	-	-
Investment income received
169	176	186	184	190	205	217	233	243	248	262	263	269	318	339	354	376	353	365	386	399	419	417	417	421	426	461	501	547	594	0	0	0	-	-	-	0	-	-	-	-
Insured derivative commutations and losses paid
-	-	-	-	-	56	60	62	40	52	60	59	59	43	24	41	44	42	73	80	102	432	406	410	801	458	454	420	444	464	0	0	0	-	-	-	0	-	-	-	-
Financial guarantee losses and loss adjustment expenses paid
469	489	495	384	394	385	391	387	385	768	771	781	803	351	494	269	238	238	127	137	171	240	242	355	414	443	657	759	838	895	0	0	0	-	-	-	0	-	-	-	-
Proceeds from recoveries and reinsurance
105	155	132	120	105	61	116	111	142	170	111	127	119	99	112	105	86	85	99	114	134	131	917	900	2,628	2,621	1,929	2,006	260	263	0	0	0	-	-	-	0	-	-	-	-
Operating and employee related expenses paid
77	77	75	75	79	83	95	105	115	130	139	136	136	134	128	124	125	129	139	176	182	238	248	243	304	277	327	344	364	400	0	0	0	-	-	-	0	-	-	-	-
Interest paid, net of interest converted to principal
157	180	171	154	150	146	157	159	169	177	185	178	161	148	141	129	152	169	173	195	185	179	190	201	211	224	193	277	312	400	386	684	441	479	0	0	0	-	-	0	0
Income taxes (paid) received
-13	-11	2	2	2	1	5	5	5	4	0	0	0	-	-	-	-	-	-	-	-	17	-4	-4	-3	1	-1	1	3	6	-120	-13	-115	-74	46	784	426	414	0	0	0
Net cash provided (used) by operating activities
-380	-368	-411	-250	-288	-319	-282	-319	-267	-652	-714	-673	-675	-149	-224	-23	-5	-54	59	97	82	-333	446	262	1,483	1,829	961	934	-872	-1,027	-2,382	-2,736	-2,314	-2,627	-1,724	-1,459	-1,194	-946	0	0	0
Cash flows from investing activities:
Purchases of available-for-sale investments
1,635	2,140	2,340	2,517	2,193	2,265	2,349	2,231	2,236	1,811	1,695	2,270	2,603	2,661	2,761	2,327	2,120	2,146	1,771	1,467	1,647	1,494	2,210	2,444	2,251	2,397	2,461	2,427	2,619	3,086	4,186	5,780	6,939	7,744	7,765	9,597	9,359	9,967	0	0	0
Increase in payable for investments purchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Sales of available-for-sale investments
1,791	2,195	2,345	2,420	2,149	2,117	2,603	2,333	2,636	2,256	1,927	2,462	2,402	2,412	2,300	1,703	1,234	1,145	793	673	933	757	823	888	1,122	1,726	1,872	2,583	3,838	4,658	8,508	9,758	10,071	11,321	9,453	11,757	11,603	11,896	0	0	0
Paydowns and maturities of available-for-sale investments
746	857	806	715	469	329	421	472	493	568	662	701	727	680	747	766	809	800	568	519	462	484	423	330	439	452	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments at fair value
115	151	176	197	205	189	206	241	247	263	310	268	244	199	154	178	248	390	498	633	411	631	493	385	670	371	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Sales, paydowns, maturities and other proceeds of investments at fair value
529	617	633	341	277	212	218	296	308	326	333	250	243	260	301	371	473	551	686	774	507	789	683	600	896	595	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Redemptions of held-to-maturity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	871	883	895	196	277	496	714	756	0	0	0
Sales, paydowns and maturities (purchases) of short-term investments, net
-175	157	-20	-163	-44	-420	-135	-295	51	67	148	525	-113	125	-33	-443	-261	-525	-779	-511	-528	-515	-506	-1,193	36	358	142	625	-751	-739	-47	-197	-634	-680	0	0	0	-	-	-	-
Sales, paydowns and maturities of held-to-maturity investments
0	-	-	-	0	-	-	-	-	-	-	-	-	1,799	1,816	1,834	1,851	67	65	62	51	44	37	30	32	28	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of held-to-maturity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	157	0	0	0
Increase in receivable for investments sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Paydowns and maturities of loans receivable
70	74	317	590	573	614	422	210	237	259	275	277	275	261	248	244	236	232	313	310	310	313	240	255	266	280	287	284	287	278	271	265	267	291	305	858	866	860	0	0	0
Sale (purchase) of other investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-156	-116	-121	-73	-70	-73	-57	-53	0	0	0
Sale of short-term investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Consolidation of variable interest entities
0	72	72	72	72	0	0	0	0	18	26	26	18	9	1	1	9	7	7	228	228	221	221	26	0	0	0	0	0	-	-	-	-	-	-	-	-	754	0	0	0
Deconsolidation of variable interest entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Payments) proceeds for derivative settlements
90	98	100	25	26	24	25	30	66	64	66	64	31	44	56	69	77	-13	-30	-43	-52	26	26	30	31	54	73	244	268	288	573	412	404	373	301	309	284	216	0	0	0
Collateral (to) from counterparties
0	-	-	0	0	-	-	0	9	4	43	74	57	49	43	2	66	-31	-19	9	-12	144	156	140	145	122	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	7	12	13	13	10	5	4	3	4	4	6	7	7	7	5	5	5	5	5	5	0	0	0
Other investing
-	-	-	-	-	-	-	-	-	23	23	27	27	8	8	4	-19	-47	-48	-48	-25	-1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided (used) by investing activities
1,749	1,267	1,574	1,538	1,143	1,206	1,212	1,096	1,082	1,202	1,014	627	921	2,424	2,510	2,785	2,511	817	898	774	722	812	154	571	-119	-6	1,386	1,497	3,308	4,195	4,322	4,211	4,208	4,007	3,961	4,703	4,169	4,778	0	0	0
Cash flows from financing activities:
Proceeds from investment agreements
15	15	14	14	12	12	13	18	18	17	15	14	16	19	20	22	22	24	28	30	31	30	29	27	29	31	9	18	28	36	34	46	68	71	59	67	41	45	0	0	0
Principal paydowns of investment agreements
37	25	20	22	29	37	48	70	73	75	79	71	80	85	91	114	114	116	208	184	189	192	139	152	266	285	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments for drawdowns of investment agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	740	859	695	767	0	0	0
Proceeds from medium-term notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	4	0	0	0	0	-	0	0	0
Principal paydowns of medium-term notes
-	-	-	-	-	85	164	138	122	157	53	123	175	120	124	107	90	118	118	65	168	168	286	323	202	197	0	0	0	-	-	-	-	137	198	425	524	507	0	0	0
Proceeds from the MBIA Corp. Financing Facility
-	-	-	-	-	-	-	-	-	328	328	328	328	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal paydowns of variable interest entity notes
920	765	887	799	711	598	439	285	330	368	409	383	388	2,234	2,234	2,282	2,297	490	485	474	471	609	627	804	1,136	1,112	1,171	1,117	1,213	1,229	1,330	1,202	1,004	1,100	1,092	1,598	1,754	1,793	0	0	0
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-287	0	0	0	-	-	-	-	-31	0	0	0
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0
Repayments Of Long Term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	11	11	11	0	0	1	2	3	179	179	180	540	357	358	357	65	150	243	273	393	0	0	0
Purchases of treasury stock
158	106	125	87	39	44	247	266	314	330	99	80	43	110	113	236	327	304	309	209	107	32	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments To Minority Shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29	0	0	0
Proceeds From Stock Plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-3	-2	1	2	0	0	0
Other financing
-	-	-	-	-	0	0	-1	-2	-4	-9	-8	-7	-5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collateral (to) from swap counterparty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash provided (used) by financing activities
-1,315	-1,096	-1,260	-1,006	-832	-752	-885	-742	-823	-589	-306	-323	-349	-2,535	-2,542	-2,717	-2,806	-1,015	-1,024	-834	-836	-892	-1,096	-1,253	-1,577	-1,566	-1,692	-1,839	-2,357	-2,811	-2,738	-2,422	-2,026	-1,877	-2,414	-3,378	-3,215	-3,505	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-4	-2	-20	-7	5	-8	8	-15	-19	-8	-1	14	12	11	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
54	-197	-98	281	22	134	43	33	-11	-41	-7	-368	-107	-262	-276	38	-295	-260	-59	22	-51	-421	-497	-406	-201	268	662	592	79	357	-798	-947	-132	-497	-177	-134	-241	327	0	0	0
Reconciliation of net income (loss) to net cash provided (used) by operating activities:
Net income (loss)
-671	-359	-123	-239	-219	-296	-326	-548	-1,631	-1,605	-1,833	-1,534	-332	-338	9	-58	33	180	118	326	382	569	681	640	342	250	754	629	1,388	1,234	-1,414	410	-35	-1,319	1,144	-900	259	53	0	0	0
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: [Abstract]
Change in:
Premiums receivable
-41	-62	-46	-78	-77	-60	-69	-38	-51	-49	-48	19	-25	-75	-48	-129	-99	-50	-109	-97	-101	-138	-130	-168	-173	-176	-192	-147	-233	-152	-489	-135	-147	-209	103	-264	-189	-259	0	0	0
Deferred acquisition costs
-11	-12	-12	-19	-20	-21	-18	-17	-20	-22	-32	-34	-37	-41	-45	-46	-46	-49	-48	-50	-46	-43	-41	-36	-41	-43	-46	-46	-72	-49	-144	-51	-35	-61	32	-57	-46	-61	0	0	0
Accrued investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Unearned premium revenue
-81	-105	-111	-158	-169	-165	-199	-183	-200	-206	-215	-166	-227	-263	-294	-381	-369	-371	-383	-392	-388	-412	-417	-445	-483	-506	-549	-554	-581	-600	-572	-574	-646	-624	-664	-642	-560	-635	0	0	0
Loss and loss adjustment expense reserves
142	0	-130	0	-125	-46	213	323	440	778	645	511	379	29	35	47	27	12	-281	-225	-178	-133	171	224	187	216	261	60	20	-17	382	30	205	293	-390	182	233	81	0	0	0
Prepaid reinsurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Reinsurance premiums payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Decrease in reinsurance premiums payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Reinsurance recoverable on paid and unpaid losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Insurance loss recoverable
-7	99	270	232	214	213	92	37	9	681	757	792	786	74	238	29	28	44	-139	-142	-144	-162	-954	-953	-3,889	-3,637	-2,470	-2,318	922	602	1,023	554	317	514	92	646	771	769	0	0	0
Payable to reinsurers on recoveries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Accrued interest payable
111	106	119	143	154	157	148	141	127	116	101	93	96	102	109	109	108	105	105	105	104	106	103	101	131	106	0	0	0	-	-	-	-	-	-	0	0	-	0	0	0
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Accrued expenses
4	12	6	2	-2	-9	-13	-24	-19	-29	-23	1	0	7	18	6	4	14	0	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	0	0	-	0	0	0
Deferred fee revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Investment losses on other than temporarily impaired investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Increase Decrease In Accrued Income Taxes Payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	86	63	31	405	501	0	0	0
Amortization of bond (premiums) discounts, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Amortization of medium-term notes (premiums) discounts, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Net investment losses related to other-than-temporary impairments
39	67	39	42	32	5	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105	162	165	182	101	0	0	0	-	-	-	-
Realized Gains Losses And Other Settlements On Insured Derivatives, Total.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	-30	-30	-30	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gains) losses on insured derivatives
11	25	18	13	31	31	46	48	36	0	11	25	13	21	36	37	106	157	161	188	102	903	1,078	1,315	2,688	1,777	1,959	1,641	2,100	1,870	501	2,372	678	-441	1,641	-1,240	-4,240	-607	0	0	0
Net (gains) losses on financial instruments at fair value and foreign exchange
69	157	113	10	53	8	206	199	117	106	48	84	138	84	59	-29	15	105	60	167	200	128	151	108	96	244	298	327	123	73	-186	-338	137	-40	183	1,008	221	430	0	0	0
Other net realized (gains) losses
26	58	105	133	211	171	131	100	-27	-59	215	216	250	282	4	3	4	-17	-15	-43	-44	-25	0	0	0	-	-	-	-	-	-	-	-	-	-	110	-32	47	0	0	0
Deferred income tax provision (benefit)
-	-	-	-	-	0	-20	-29	990	940	989	1,017	-31	-5	24	-15	40	107	51	44	-54	50	204	270	252	157	204	98	386	365	-275	72	-414	-935	-394	-790	174	-221	0	0	0
Amount represents the difference between the fair value of the payments made and the carrying amount of the debt at the time of its extinguishment.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	-12	64	86	60	0	0	0
Share based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Interest on variable interest entities, net
-	-	-	-	-	17	23	28	30	35	38	42	45	57	65	72	79	71	72	73	73	77	81	78	84	90	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other operating
-41	-30	-40	-14	-12	-10	111	15	2	23	-100	-28	-13	-38	-33	-43	-60	-39	-90	-100	-89	-114	-85	-92	-106	-103	-147	-83	-227	-138	-178	-241	-72	-150	-286	-389	-174	-265	0	0	0
Total adjustments to net income (loss)
291	-9	-288	-11	-69	-23	44	229	1,364	953	1,119	861	-343	189	-233	35	-38	-234	-59	-229	-300	-902	-235	-378	1,141	1,579	207	305	-2,260	-2,261	-2,354	-3,146	-2,279	-1,308	-1,482	-559	-1,454	-999	0	0	0
Net cash provided (used) by operating activities
-380	-368	-411	-250	-288	-319	-282	-319	-267	-652	-714	-673	-675	-149	-224	-23	-5	-54	59	97	82	-333	446	262	1,483	1,829	961	934	-872	-1,027	-2,382	-2,736	-2,314	-2,627	-1,724	-1,459	-1,194	-946	0	0	0
Supplementary Disclosure of Consolidated Cash Flow Information
Non-cash consideration received from the sale of MBIA UK Insurance Limited
-	-	-	-	-	-	-	-	-	332	332	332	332	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Medium-term notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Variable interest entity notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Securities sold under agreements to repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other borrowings and deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Corporate debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Surplus notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0