1347 property insurance holdings, inc. (PIH)
CashFlow / Quarterly
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'13
Cash provided by (used in):
Operating activities:
Net income (loss)

-8,297

8,280

-3,535

-4,532

98

832

-2,114

135

1,951

1,390

-2,263

921

246

1,592

-1,806

1,340

-1,115

579

-103

-125

-2,024

695

632

616

1,703

688

53

-523

-966

Net income from discontinued operations, net of income taxes

-

5,080

-3,475

-4,204

527

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Net unrealized holding loss on equity investments

9,037

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of Preferred Shares, Performance Shares, and Warrants pursuant to MSA termination transaction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,321

-

-

-

-

-

-

-

-

Accretion of discount on Series B Preferred Shares

-

-

-

-

-

0

0

0

33

96

93

91

92

92

89

86

88

-

-

-

-

-

-

-

-

-

-

-

-

Loss on repurchase of Series B Preferred Shares and Performance Shares

-

-

-

-

-

-

-

0

-612

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net deferred income taxes

-626

482

-12

-125

26

33

-19

106

-146

887

-621

14

124

296

-346

191

-54

18

108

6

-375

127

27

90

65

326

29

-263

-504

Stock compensation expense

52

252

59

51

52

101

101

91

44

12

6

6

7

8

10

10

10

15

10

16

6

-

-

-

-

-

-

-

-

Depreciation expense

-

-

-

-

-

-

-

-

24

18

17

20

18

18

18

16

15

14

13

13

13

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accrued interest on surplus notes due from affiliate

-

-961

1,630

-1,362

449

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss and loss adjustment expense reserves

-

-

-

-

-

-

-

-

-2,034

-8,603

12,508

1,770

842

-1,656

2,743

-72

3,833

172

238

583

-81

549

229

28

51

-

-

-

-

Premiums collected in advance

-

-

-

-

-

-

-

-

1,668

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premiums collected in advance

-

-

-

-

-

-

-

-

-

-

-339

310

788

-561

-414

338

895

-448

-290

354

694

-349

-122

313

505

-57

0

176

94

Due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-97

-48

-49

-44

-695

-1,736

666

1,464

-515

646

Unearned premium reserves

-

-

-

-

-

-

-

-

-2,126

7,353

2,257

4,775

-683

-523

1,420

3,006

-1,524

1,241

2,004

3,072

-578

1,801

1,509

2,746

643

9,565

-71

-639

18

Ceded reinsurance premiums payable

-

-

-

-

-

-

-

-

450

-254

-518

1,334

-259

-387

-84

2,499

-82

-121

-38

750

133

2,559

-2,578

2,478

50

49

-988

937

-23

Other assets

128

-

-

-

-6

-

-

-

378

95

-727

-1,618

-188

-305

667

-790

135

205

373

-235

-383

-127

-41

-456

-269

-12

-334

-317

-30

Accounts payable and other liabilities

30

-120

57

-257

651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred policy acquisition costs, net

-

-

-

-

-

-

-

-

-19

593

647

1,119

37

20

230

462

-353

262

351

488

-162

205

276

568

117

835

486

279

-21

Interest expense on beneficial conversion of preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Premiums receivable, net

-

-

-

-

-

-

-

-

-8,751

8,611

-43

99

-759

821

-109

167

-351

211

-4

536

-434

379

54

-160

-1,992

2,965

463

254

-1,969

Ceded unearned premiums

-

-

-

-

-

-

-

-

-46

-181

-224

-1,317

530

396

564

858

224

225

164

698

157

-47

-6

1,088

-600

5,291

-3,451

-1,316

540

Loss and loss adjustment expense reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-125

189

378

-786

Reinsurance recoverable on paid losses and loss reserves

-

-

-

-

-

-

-

-

-353

-14,405

14,776

4,946

1,509

-3,890

1,726

2,932

3,208

-

-

-

-

-

-

-

-

-

-

-

-

Amounts held on deposit with reinsured companies

-

-

-

-

-

-

-

-

-1,079

2,250

0

0

-500

500

0

0

-725

-

-

-

-

-

-

-

-

-

-

-

-

Current income taxes recoverable

-559

-3,200

866

231

-94

735

-55

-1,300

513

568

-585

625

523

376

-565

660

-701

189

-46

-488

-882

-25

-175

-77

539

-97

0

0

0

Amounts due to affiliates

-

-2,288

-1,823

1,115

298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided (used) by operating activities - continuing operations

-491

-5,465

-41

174

61

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities - discontinued operations

-

-8,942

-6,209

-1,879

1,663

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided (used) by operating activities

-491

-14,407

-6,250

-1,705

1,724

3,298

5,312

5,325

10,859

3,695

-3,874

6,637

1,069

1,713

-2,013

4,445

-773

613

1,097

2,706

1,001

4,571

-797

4,567

4,564

2,196

2,946

83

1,531

Investing activities:
Net purchases of furniture and equipment

-

-

-

-

-

-

-

-

66

10

4

2

12

2

2

35

44

39

3

4

2

-

-

-

-

-

-

-

-

Net cash provided (used) by investing activities - discontinued operations

-

-11,293

10,427

9,354

-5,794

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of fixed income securities

-

-

-

-

-

-

-

-

12,690

8,200

6,401

8,386

7,101

3,387

2,480

3,768

1,176

2,154

1,967

3,158

2,538

-

-

-

-

-

-

-

-

Proceeds from the sale of fixed income securities

-

-

-

-

-

-

-

-

846

1,949

1,421

986

1,022

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of equity investments

-

-

-

-

-

-

-

-

100

900

500

1,162

0

0

0

0

1,000

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of equity securities

-

-

-

-

-

-

-

-

468

0

0

980

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from the sales of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Acquisition of entity, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

305

-

-

-

-

-

-

-

-

Purchases of other investments

-

-

-

-

-

-

-

-

82

0

0

140

300

119

0

89

50

0

89

0

159

-

-

-

-

-

-

-

-

Purchase of fixed income securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,466

2,367

3,138

302

0

0

0

Net sales (purchases) of short-term investments

-

-

-

-

-

-

-

-

-256

-1,362

320

921

342

-

1,643

-773

-86

429

107

512

-2,098

1,995

0

0

103

-

-

-

-

Net cash used by investing activities

-

6,707

10,314

8,637

-5,974

-2,060

-5,624

-10,195

-11,368

-5,799

-5,804

-8,645

-6,733

2,579

-4,125

-3,119

-2,184

-2,622

-2,166

-3,674

-906

-5,460

-1,466

-2,367

-3,241

-349

1,875

0

0

Financing activities:
Net proceeds from the issuance of Series A Preferred Stock

-

-

-

-

-

0

0

0

16,493

-

0

0

0

-

-

-

-

-

-

-

-

0

0

0

2,000

-

0

0

0

Repurchase of Series B Preferred Shares and Performance Shares

-

-

-

-

-

-

-

0

-3,300

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends on preferred shares

350

350

350

350

350

350

350

408

240

0

0

0

240

0

0

0

240

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by financing activities - continuing operations

-350

-350

-350

-350

-350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by financing activities - discontinued operations

-

-7

-11

-11

-10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under financing lease obligations

-

-

-

-

-

-

-

-

32

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-186

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by financing activities

-350

-357

-361

-361

-360

-360

-359

-422

12,921

0

224

0

-240

-173

-501

-335

-426

-

-

-

-

-1

-107

36,369

2,000

0

0

1,200

0

Net decrease in cash and cash equivalents

-841

-8,057

3,703

6,571

-4,610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

12,412

-2,104

-9,454

-2,008

-5,904

4,119

-6,639

991

-3,383

-2,505

-2,071

-1,201

95

-890

-2,370

38,569

3,323

1,847

4,821

1,283

1,531

Supplemental disclosure of cash flow information:
Non-cash financing activities:
Obligation for the acquisition of vehicles under financing leases

-

-

-

-

-

-

-

0

184

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-32

260

-

20

410

300

1,020

68

424

0

-

-

-

-

Issuance of common shares upon conversion of preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,000

-

-

-

-