Primerica, Inc. PRI Cash Flow

Primerica, inc. (PRI)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Cash flows from operating activities:
Net income
366,391	324,094	350,255	219,414	189,871	181,412	162,725	173,806	157,191	232,456	482,681
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Change in future policy benefits and other policy liabilities
297,832	266,513	306,122	256,520	242,957	257,908	213,788	243,062	213,583	71,037	148,775
Deferral of policy acquisition costs
424,106	432,390	422,749	376,879	326,197	289,945	267,523	268,154	263,603	259,201	343,886
Amortization of deferred policy acquisition costs
254,552	239,730	209,399	180,582	157,727	144,378	129,183	118,598	104,034	147,841	352,257
Deferred tax provision
-841	2,590	-53,788	44,316	38,292	25,757	18,333	13,332	-3,424	19,678	-26,067
Change in income taxes
-5,187	2,365	-2,159	27,601	5,862	1,090	-6,423	-10,967	-16,733	-	-
Realized investment (gains) losses
4,965	-2,121	1,339	4,088	-1,738	-261	6,246	11,382	6,440	-	-21,970
Gain from sale of business, net
-	-	-	-	-	1,578	-	-	-	-	-
Increase (Decrease) in Income Taxes
-	-	-	-	-	-	-	-	-	-40,899	74,991
Marketable Securities, Realized Gain (Loss)
-	-	-	-	-	-	-	-	-	34,145	-
Accretion and amortization of investments
720	1,894	1,596	1,411	1,343	4,825	4,554	2,766	2,818	1,878	8,226
Depreciation and amortization
18,300	12,417	13,551	14,595	10,998	12,266	10,803	10,095	10,731	10,063	10,342
Change in reinsurance recoverables
12,825	-37,261	-9,124	72,880	49,966	90,024	73,070	141,918	132,411	72,172	911
Increase (Decrease) Due from Affiliates
-	-	-	-	-	-	-	-	-	44,012	55,460
Change in agent balances, due premiums and other receivables
11,965	-14,383	19,074	20,069	11,379	11,047	8,241	762	-3,464	7,129	2,975
Trading securities sold, matured, or called (acquired), net
-29,601	-8,808	1,137	-2,051	2,308	5,232	-5,265	35,738	3,597	-5,994	-4,553
Share-based compensation
17,533	17,251	15,267	13,442	14,948	17,982	13,788	18,944	17,886	46,592	-1,794
Change in other operating assets and liabilities, net
-21,115	-2,434	12,606	-15,335	11,565	11,535	-10,394	53,293	-2,158	21,381	42,468
Net cash provided by (used in) operating activities
485,513	478,067	391,544	294,427	264,251	237,332	187,692	124,333	87,215	40,856	715,596
Available-for-sale investments sold, matured or called:
Fixed-maturity securities — sold
42,202	51,726	77,444	91,666	130,608	109,681	98,277	304,838	214,807	993,278	713,805
Fixed-maturity securities — matured or called
403,969	362,413	223,088	254,585	247,771	314,589	266,738	263,351	375,124	-	-
Short-term investments — matured or called
8,250	-	-	-	-	-	-	-	-	-	-
Equity securities — sold
3,136	2,093	5,771	8,572	4,894	2,351	6,200	2,828	3,037	36,566	667
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities Debt
-	-	-	-	-	-	-	-	-	514,132	878,215
Fixed-maturity securities
633,106	626,826	430,452	386,394	433,457	425,904	308,904	492,094	460,459	787,683	1,945,887
Short-term investments
-	8,169	-	-	-	-	-	-	-	-	-
Equity securities — acquired
898	521	400	2,683	882	11,878	3,009	5,680	144	7,560	1,115
Purchases of property and equipment and other investing activities, net
25,437	13,517	6,752	13,669	7,399	7,484	23,818	10,949	3,666	-	-
Proceeds from sale of business
-	-	-	-	-	3,000	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	9,159	-1,354
Purchases of furniture and equipment, net
-	-	-	-	-	-	-	-	-	-	4,894
Cash collateral received (returned) on loaned securities, net
23,839	37,224	-16,140	-2,164	-21,271	39,641	50,075	9,431	32,368	328,375	-156,207
Sales (purchases) of short-term investments using securities lending collateral, net
23,839	37,224	-16,140	-2,164	-21,271	39,641	50,075	9,431	32,368	328,375	-156,207
Net cash provided by (used in) investing activities
-201,884	-232,801	-131,301	-47,923	-58,465	-15,645	35,484	62,294	128,699	739,574	-357,855
Dividends paid
57,630	44,140	35,821	33,367	32,807	26,512	25,058	14,737	7,312	1,502	0
Common stock repurchased
225,037	210,146	150,038	150,057	200,084	147,922	86,280	257,584	204,109	0	0
Warrants repurchased
-	-	-	-	-	-	68,399	-	0	-	-
Excess tax benefits on share-based compensation
-	-	-	-	-	5,804	9,590	5,266	4,865	0	-
Tax withholdings on share-based compensation
7,186	6,711	6,734	3,970	7,675	6,377	14,793	10,628	-	-	-
Cash proceeds from stock options exercised
-	-	-	-	136	-	-	-	-	-	-
Net distributions to Citi
-	-	-	-	-	-	-	-	-	1,288,391	56,427
Proceeds from issuance of Senior Notes, net of discount
-	-	-	-	-	-	-	374,411	0	0	-
Payment of note issued to Citigroup
-	-	-	-	-	-	-	300,000	0	0	-
Payment of deferred financing costs
-	-	868	-	-	876	-	7,814	0	0	-
Finance leases
281	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-290,134	-260,997	-193,461	-187,394	-240,430	-175,883	-184,940	-211,086	-206,556	-1,289,893	-56,427
Effect of foreign exchange rate changes on cash
1,243	-2,093	1,204	572	-5,059	-2,789	-1,468	597	682	32,979	-1,146
Change in cash and cash equivalents
-5,262	-17,824	67,986	59,682	-39,703	43,015	36,768	-23,862	10,040	-476,484	300,168
Supplemental disclosures of cash flow information:
Income taxes paid
115,051	88,348	83,304	45,402	62,116	66,077	68,599	85,365	96,305	260,275	220,988
Interest paid
28,053	27,899	27,816	27,992	32,386	33,058	32,905	38,416	27,555	13,695	639
Impairment losses included in realized investment gains (losses), including other-than-temporary impairments
-	-	-	-	-	-	-	-	2,015	12,158	61,394
Non-cash activities:
Share-based compensation
-	-	-	-	-	-	-	-	29,444	46,094	-1,836
Net contributions from (distributions to) Citi
-	-	-	-	-	-	-	-	1,426	-1,908,012	42,370