Navigators Group (NAVG) trailing twelve month cash flow statement covering six trailing twelve month periods to March 31, 2019, as reported to the SEC.
A cash flow statement shows the cash that actually came in and went out, split between running the business, investing and financing.
| Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||||||||||||||
Net Income (Loss) | |||||||||||||||||||||
1,623 | 34,239 | 94,468 | 61,864 | 50,262 | 40,494 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Income (Loss) | 1,623 | 34,239 | 94,468 | 61,864 | 50,262 | 40,494 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: | |||||||||||||||||||||
Depreciation & Amortization | |||||||||||||||||||||
4,116 | 3,675 | 2,841 | 2,812 | 3,268 | 3,645 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Depreciation & Amortization | 4,116 | 3,675 | 2,841 | 2,812 | 3,268 | 3,645 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amortization of Finite-Lived Intangible Assets | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amortization of Finite-Lived Intangible Assets | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Share-Based Compensation | |||||||||||||||||||||
8,094 | 6,786 | 12,882 | 10,654 | 10,348 | 13,829 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Share-Based Compensation | 8,094 | 6,786 | 12,882 | 10,654 | 10,348 | 13,829 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred Income Taxes | |||||||||||||||||||||
-12,563 | -14,366 | 4,179 | 1,178 | -286 | -8,879 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred Income Taxes | -12,563 | -14,366 | 4,179 | 1,178 | -286 | -8,879 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total Net Realized and Unrealized (Gains) Losses | |||||||||||||||||||||
-1,174 | -30,348 | 40,808 | 41,370 | 41,041 | 43,009 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total Net Realized and Unrealized (Gains) Losses | -1,174 | -30,348 | 40,808 | 41,370 | 41,041 | 43,009 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Other-Than-Temporary Impairments Recognized in Earnings | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Other-Than-Temporary Impairments Recognized in Earnings | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Changes in Assets and Liabilities: | |||||||||||||||||||||
Reinsurance Recoverable on Paid and Unpaid Losses and Loss Adjustment Expenses | |||||||||||||||||||||
74,344 | 39,224 | -37,055 | 27,729 | 1,424 | 20,399 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Reinsurance Recoverable on Paid and Unpaid Losses and Loss Adjustment Expenses | 74,344 | 39,224 | -37,055 | 27,729 | 1,424 | 20,399 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Reserves for Losses and Loss Adjustment Expenses | |||||||||||||||||||||
258,655 | 198,818 | 60,012 | 200,636 | 189,821 | 225,132 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Reserves for Losses and Loss Adjustment Expenses | 258,655 | 198,818 | 60,012 | 200,636 | 189,821 | 225,132 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Prepaid Reinsurance Premiums | |||||||||||||||||||||
-105 | -4,346 | 1,853 | -1,185 | 4,219 | 15,168 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Prepaid Reinsurance Premiums | -105 | -4,346 | 1,853 | -1,185 | 4,219 | 15,168 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unearned Premiums | |||||||||||||||||||||
123,002 | 104,781 | 127,256 | 112,510 | 108,776 | 100,160 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unearned Premiums | 123,002 | 104,781 | 127,256 | 112,510 | 108,776 | 100,160 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Premiums Receivable | |||||||||||||||||||||
39,475 | 31,308 | 36,019 | 34,672 | 31,872 | 45,035 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Premiums Receivable | 39,475 | 31,308 | 36,019 | 34,672 | 31,872 | 45,035 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred Policy Acquisition Costs | |||||||||||||||||||||
20,009 | 22,969 | 26,841 | 24,406 | 25,341 | 15,552 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred Policy Acquisition Costs | 20,009 | 22,969 | 26,841 | 24,406 | 25,341 | 15,552 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued Investment Income | |||||||||||||||||||||
3,079 | 2,712 | 1,547 | 2,063 | 2,594 | 2,139 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued Investment Income | 3,079 | 2,712 | 1,547 | 2,063 | 2,594 | 2,139 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Reinsurance Balances Payable | |||||||||||||||||||||
35,475 | 8,875 | 19,340 | 7,428 | 10,707 | 27,362 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Reinsurance Balances Payable | 35,475 | 8,875 | 19,340 | 7,428 | 10,707 | 27,362 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accounts payable | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts payable | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Current Income Tax Receivable, Net | |||||||||||||||||||||
-13,050 | -17,674 | -23,374 | 8,079 | 8,881 | -3,966 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current Income Tax Receivable, Net | -13,050 | -17,674 | -23,374 | 8,079 | 8,881 | -3,966 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other | |||||||||||||||||||||
-40,670 | -42,718 | -35,342 | -16,305 | -6,239 | -936 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other | -40,670 | -42,718 | -35,342 | -16,305 | -6,239 | -936 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Cash Provided by Operating Activities | |||||||||||||||||||||
337,475 | 342,338 | 309,681 | 275,160 | 263,763 | 265,343 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Cash Provided by Operating Activities | 337,475 | 342,338 | 309,681 | 275,160 | 263,763 | 265,343 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Investing Activities: | |||||||||||||||||||||
Fixed Maturities | |||||||||||||||||||||
Redemptions and Maturities | |||||||||||||||||||||
314,165 | 418,367 | 481,628 | 466,621 | 463,198 | 373,380 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Redemptions and Maturities | 314,165 | 418,367 | 481,628 | 466,621 | 463,198 | 373,380 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales | |||||||||||||||||||||
331,988 | 358,309 | 379,373 | 402,526 | 301,078 | 225,962 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales | 331,988 | 358,309 | 379,373 | 402,526 | 301,078 | 225,962 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases | |||||||||||||||||||||
816,509 | 887,996 | 1,145,388 | 1,151,523 | 1,079,217 | 1,008,537 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases | 816,509 | 887,996 | 1,145,388 | 1,151,523 | 1,079,217 | 1,008,537 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Equity Securities | |||||||||||||||||||||
Sales | |||||||||||||||||||||
29,207 | 34,617 | 181,453 | 197,108 | 209,511 | 207,838 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales | 29,207 | 34,617 | 181,453 | 197,108 | 209,511 | 207,838 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases | |||||||||||||||||||||
91,938 | 126,746 | 123,408 | 118,284 | 88,194 | 62,887 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases | 91,938 | 126,746 | 123,408 | 118,284 | 88,194 | 62,887 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Sales and Purchases of Other Invested Assets | |||||||||||||||||||||
18,551 | 19,097 | 10 | -581 | 2,948 | 933 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Sales and Purchases of Other Invested Assets | 18,551 | 19,097 | 10 | -581 | 2,948 | 933 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Sales, Maturities and Purchases of Short-Term Investments | |||||||||||||||||||||
3,294 | 4,179 | -2,212 | -2,690 | -4,055 | -2,487 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Sales, Maturities and Purchases of Short-Term Investments | 3,294 | 4,179 | -2,212 | -2,690 | -4,055 | -2,487 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Change in Unsettled Security Transactions | |||||||||||||||||||||
12,724 | 2,194 | 4,920 | -33,582 | -16,959 | -2,135 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Change in Unsettled Security Transactions | 12,724 | 2,194 | 4,920 | -33,582 | -16,959 | -2,135 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in Net Payable for Securities | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in Net Payable for Securities | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Change in Short-Term Investments | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Change in Short-Term Investments | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Purchase of Property and Equipment | |||||||||||||||||||||
8,806 | 8,845 | 8,307 | 5,217 | 3,668 | 3,474 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Purchase of Property and Equipment | 8,806 | 8,845 | 8,307 | 5,217 | 3,668 | 3,474 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Cash Provided by (Used in) Investing Activities | |||||||||||||||||||||
-298,845 | -260,147 | -259,750 | -194,299 | -179,226 | -264,029 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Cash Provided by (Used in) Investing Activities | -298,845 | -260,147 | -259,750 | -194,299 | -179,226 | -264,029 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Financing Activities: | |||||||||||||||||||||
Purchase of treasury stock | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchase of treasury stock | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds from Employee Stock Purchase Plan | |||||||||||||||||||||
1,556 | 2,008 | 1,295 | 1,898 | 1,381 | 2,076 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from Employee Stock Purchase Plan | 1,556 | 2,008 | 1,295 | 1,898 | 1,381 | 2,076 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds of Stock Issued from Exercise of Stock Options | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds of Stock Issued from Exercise of Stock Options | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payment of Employee Tax Withholding on Stock Compensation | |||||||||||||||||||||
9,777 | 8,456 | 8,119 | 8,484 | 9,100 | 13,887 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payment of Employee Tax Withholding on Stock Compensation | 9,777 | 8,456 | 8,119 | 8,484 | 9,100 | 13,887 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividends Paid | |||||||||||||||||||||
8,337 | 8,319 | 8,005 | 7,692 | 7,378 | 6,633 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividends Paid | 8,337 | 8,319 | 8,005 | 7,692 | 7,378 | 6,633 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Cash Used in Financing Activities | |||||||||||||||||||||
-16,558 | -14,767 | -14,829 | -14,278 | -15,097 | -18,444 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Cash Used in Financing Activities | -16,558 | -14,767 | -14,829 | -14,278 | -15,097 | -18,444 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Effect of Exchange Rate on Unrestricted and Restricted Cash and Cash Equivalents | |||||||||||||||||||||
-5,030 | -4,234 | -4,153 | 2,273 | 5,237 | 3,248 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Effect of Exchange Rate on Unrestricted and Restricted Cash and Cash Equivalents | -5,030 | -4,234 | -4,153 | 2,273 | 5,237 | 3,248 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in Unrestricted and Restricted Cash and Cash Equivalents | |||||||||||||||||||||
17,042 | 63,190 | 30,949 | 68,856 | 74,677 | -13,882 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in Unrestricted and Restricted Cash and Cash Equivalents | 17,042 | 63,190 | 30,949 | 68,856 | 74,677 | -13,882 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Supplemental Information: | |||||||||||||||||||||
Income Taxes Paid, Net | |||||||||||||||||||||
21,243 | 21,422 | 22,747 | 37,593 | 39,847 | 39,689 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income Taxes Paid, Net | 21,243 | 21,422 | 22,747 | 37,593 | 39,847 | 39,689 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest Paid | |||||||||||||||||||||
15,238 | 15,238 | 15,238 | 15,238 | 15,238 | 15,238 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest Paid | 15,238 | 15,238 | 15,238 | 15,238 | 15,238 | 15,238 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Issuance of Stock to Directors | |||||||||||||||||||||
745 | 783 | 783 | 783 | 783 | 578 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Issuance of Stock to Directors | 745 | 783 | 783 | 783 | 783 | 578 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||