Primerica, inc. (PRI)
CashFlow / TTM
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'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income

359,695

366,391

359,378

348,291

337,544

324,094

405,992

387,493

363,900

350,255

238,687

230,088

226,308

219,414

210,487

201,800

191,646

189,871

187,389

179,633

179,733

181,412

173,147

174,742

168,960

162,725

165,796

168,205

170,895

173,806

170,737

160,236

151,676

157,191

0

0

0

Adjustments to reconcile net income to cash provided by (used in) operating activities:
Change in future policy benefits and other policy liabilities

296,074

297,832

285,453

297,439

263,194

266,513

277,720

278,934

304,050

306,122

294,364

279,210

265,644

256,520

253,313

236,948

257,285

242,957

225,388

273,096

251,038

257,908

247,258

223,895

202,629

213,788

235,864

226,479

237,787

243,062

324,381

291,716

240,625

213,583

0

0

0

Deferral of policy acquisition costs

431,186

424,106

422,942

422,756

426,048

432,390

435,309

436,292

431,505

422,749

412,594

402,125

392,620

376,879

364,248

350,761

337,688

326,197

316,264

302,213

292,334

289,945

284,468

282,794

277,694

267,523

263,953

261,472

265,682

268,154

263,772

266,623

264,746

263,603

0

0

0

Amortization of deferred policy acquisition costs

260,235

254,552

253,457

249,109

244,193

239,730

229,851

223,700

217,714

209,399

206,399

198,443

189,303

180,582

171,612

166,981

164,643

157,727

152,936

149,083

145,398

144,378

140,461

135,709

133,124

129,183

128,184

125,226

123,319

118,598

114,155

111,566

107,336

104,034

0

0

0

Change in income taxes

4,114

-5,187

-11,164

-8,307

2,101

2,365

-18,997

-6,156

-5,520

-2,159

-3,530

1,315

16,552

27,601

27,795

14,646

8,140

5,862

14,725

14,264

4,761

1,090

9,940

16,004

6,173

-6,423

-12,282

-15,320

-10,381

-10,967

0

0

0

-

-

-

-

Excess tax benefits on share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized investment (gains) losses

-7,912

4,965

2,549

2,137

2,382

-2,121

609

757

-451

1,339

1,725

1,669

5,005

4,088

-738

-962

-3,805

-1,738

549

526

760

-261

1,712

1,586

4,223

6,246

6,405

10,684

11,537

11,382

14,580

10,530

8,244

6,440

0

0

0

Gain from sale of business, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,578

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Increase (Decrease) in Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accretion and amortization of investments

111

720

1,001

1,635

1,888

1,894

1,941

1,587

1,382

1,596

1,371

1,372

1,154

1,411

1,340

1,082

1,502

1,343

3,884

4,800

4,666

4,825

3,665

3,772

4,625

4,554

4,004

4,253

3,014

2,766

2,174

1,212

1,229

2,818

0

0

0

Depreciation and amortization

18,084

18,300

16,580

14,913

13,529

12,417

12,350

12,551

13,186

13,551

14,039

14,481

14,865

14,595

13,676

12,733

11,504

10,998

11,856

11,922

12,015

12,266

11,268

11,181

11,263

10,803

10,686

10,523

10,028

10,095

10,430

10,377

10,565

10,731

0

0

0

Change in reinsurance recoverables

-50,341

12,825

-22,273

-15,333

-49,375

-37,261

-32,599

11,550

33,490

-9,124

62,110

44,424

68,415

72,880

51,625

21,549

71,835

49,966

30,163

111,992

64,221

90,024

126,800

87,884

98,144

73,070

55,332

102,905

109,759

141,918

257,752

198,636

160,701

132,411

0

0

0

Change in agent balances, due premiums and other receivables

3,781

11,965

-2,876

-7,024

-4,033

-14,383

9,122

21,391

11,515

19,074

14,192

9,099

12,194

20,069

25,986

23,370

24,829

11,379

15,825

14,628

6,418

11,047

6,921

3,830

5,585

8,241

7,649

10,220

12,376

762

-6,138

-11,213

-12,840

-3,464

0

0

0

Trading securities sold, matured, or called (acquired), net

-18,707

-29,601

2,417

-199

2,299

-8,808

-5,890

-8,999

-17,527

1,137

719

-7,566

-5,144

-2,051

-5,752

-117

-325

2,308

2,557

1,278

3,561

5,232

2,001

3,069

-1,575

-5,265

5,856

16,486

30,277

35,738

36,419

31,741

30,951

3,597

0

0

0

Share-based compensation

17,798

17,533

16,942

16,859

16,645

17,251

17,154

16,992

17,026

15,267

15,179

15,078

15,702

13,442

13,784

14,121

13,488

14,948

16,567

23,004

24,077

17,982

17,432

11,672

11,440

13,788

15,511

17,585

19,692

18,944

13,341

15,136

17,014

17,886

0

0

0

Change in other operating assets and liabilities, net

9,013

-21,115

10,192

13,621

5,031

-2,434

-17,015

-52,773

-21,731

12,606

-19,473

6,280

-23,901

-15,335

-9,085

5,306

16,796

11,565

23,646

-6,837

15,028

11,535

-33,919

7,502

-2,579

-10,394

113,384

7,824

-894

53,293

-48,547

39,081

32,519

-2,158

0

0

0

Net cash provided by (used in) operating activities

550,614

485,513

514,118

502,903

500,154

478,067

467,025

431,923

383,331

391,544

337,654

308,948

311,654

294,427

289,831

285,746

236,233

264,251

246,844

250,732

262,930

237,332

228,615

205,642

161,060

187,692

112,220

165,158

193,475

124,333

176,555

105,094

79,237

87,215

0

0

0

Available-for-sale investments sold, matured or called:
Fixed-maturity securities — sold

61,127

42,202

37,023

43,038

43,320

51,726

57,971

65,037

63,779

77,444

82,774

64,973

95,100

91,666

103,051

136,949

132,434

130,608

149,782

127,102

111,865

109,681

73,941

65,685

103,493

98,277

163,647

170,276

253,362

304,838

390,885

391,489

252,737

214,807

0

0

0

Fixed-maturity securities — matured or called

411,522

403,969

392,276

363,482

366,276

362,413

339,147

333,622

281,767

223,088

218,209

216,445

214,406

254,585

241,852

236,085

261,401

247,771

278,976

300,281

295,972

314,589

296,628

287,922

295,767

266,738

267,540

280,885

250,485

263,351

0

0

0

-

-

-

-

Equity securities — sold

-

3,136

0

0

0

-

-

-

-

5,771

0

0

0

-

-

-

-

4,894

6,863

4,083

3,822

2,351

1,694

3,390

6,240

6,200

5,557

4,580

2,976

2,828

1,976

1,257

2,953

3,037

0

0

0

Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Fixed-maturity securities

679,486

633,106

624,520

557,174

525,274

626,826

576,749

569,553

512,841

430,452

457,577

467,764

435,972

386,394

397,986

365,344

367,079

433,457

371,374

407,407

434,660

425,904

471,531

451,064

387,454

308,904

278,313

360,951

419,585

492,094

501,455

401,863

391,853

460,459

0

0

0

Equity securities — acquired

582

898

1,096

857

827

521

337

318

349

400

1,915

1,909

2,704

2,683

1,162

1,159

356

882

6,202

7,184

7,397

11,878

9,018

8,319

8,069

3,009

509

2,687

2,686

5,680

5,666

3,157

3,146

144

0

0

0

Purchases of property and equipment and other investing activities, net

28,764

25,437

22,492

23,266

18,031

13,517

9,800

6,712

5,698

6,752

10,224

9,184

9,042

13,669

12,885

13,122

13,525

7,399

7,379

8,263

7,628

7,484

11,374

12,079

16,621

23,818

24,800

27,013

19,315

10,949

0

0

0

-

-

-

-

Proceeds from sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,000

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Cash collateral received (returned) on loaned securities, net

36,018

23,839

30,699

38,229

24,519

37,224

36,346

33,779

3,893

-16,140

-11,135

-23,974

-5,943

-2,164

-12,623

-28,003

-31,761

-21,271

-15,606

29,671

53,472

39,641

8,238

-7,297

24,231

50,075

101,814

57,691

9,182

9,431

7,817

19,379

43,582

32,368

0

0

0

Sales (purchases) of short-term investments using securities lending collateral, net

36,018

23,839

30,699

38,229

24,519

37,224

36,346

33,779

3,893

-16,140

-11,135

-23,974

-5,943

-2,164

-12,623

-28,003

-31,761

-21,271

-15,606

29,671

53,472

39,641

8,238

-7,297

24,231

50,075

101,814

57,691

9,182

9,431

7,817

19,379

43,582

32,368

0

0

0

Net cash provided by (used in) investing activities

-227,906

-201,884

-215,437

-171,286

-137,503

-232,801

-184,184

-170,896

-167,580

-131,301

-162,900

-191,602

-129,631

-47,923

-62,072

-320

16,110

-58,465

50,666

8,612

-38,026

-15,645

-116,660

-111,465

-3,644

35,484

133,122

65,090

65,237

62,294

158,104

252,787

173,080

128,699

0

0

0

Dividends paid

59,532

57,630

54,327

50,921

47,490

44,140

42,300

40,505

38,217

35,821

35,213

34,601

33,954

33,367

32,848

32,380

32,585

32,807

31,378

29,981

28,291

26,512

26,187

25,668

25,387

25,058

24,241

22,427

19,133

14,737

11,427

9,389

8,568

7,312

0

0

0

Common stock repurchased

261,475

225,037

223,820

187,101

217,443

210,146

184,682

208,772

166,508

150,038

151,238

134,541

129,972

150,057

150,533

180,930

211,278

200,084

263,487

222,623

173,606

147,922

50,763

20,218

96,267

86,280

188,654

197,778

259,028

257,584

0

0

0

-

-

-

-

Excess tax benefits on share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,777

6,271

6,306

5,804

5,801

6,203

11,619

9,590

8,983

8,288

5,795

5,266

0

0

0

-

-

-

-

Tax withholdings on share-based compensation

6,136

7,186

7,599

8,151

8,139

6,711

6,159

5,474

5,475

6,734

6,917

6,710

7,425

3,970

5,331

5,356

4,674

7,675

6,181

6,305

6,296

6,377

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

136

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,814

0

0

0

-

-

-

-

Finance leases

278

281

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-327,421

-290,134

-285,957

-246,313

-273,142

-260,997

-234,009

-255,619

-211,068

-193,461

-193,368

-175,852

-171,351

-187,394

-193,336

-222,925

-251,993

-240,430

-295,145

-252,975

-202,627

-175,883

-93,103

-61,027

-199,349

-184,940

-283,024

-219,728

-211,714

-211,086

-305,159

-365,864

-213,733

-206,556

0

0

0

Effect of foreign exchange rate changes on cash

-1,828

1,243

-356

391

-468

-2,093

-872

-627

140

1,204

709

-86

-627

572

339

-1,372

-1,257

-5,059

-5,280

-4,821

-3,884

-2,789

-2,842

-821

-2,346

-1,468

-673

-495

-22

597

2,296

1,994

1,675

682

0

0

0

Change in cash and cash equivalents

-6,541

-5,262

12,368

85,695

89,041

-17,824

47,960

4,781

4,823

67,986

-17,905

-58,592

10,045

59,682

34,762

61,129

-907

-39,703

-2,915

1,548

18,393

43,015

16,010

32,329

-44,279

36,768

-38,355

10,025

46,976

-23,862

31,796

-5,989

40,259

10,040

0

0

0