Radian Group Inc RDN Cash Flow

Radian group inc (RDN)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net income
672,309	606,011	121,088	308,253	286,924	959,517	-196,985	-451,468	302,150	-1,805,867	-147,879
Less: Income (loss) from discontinued operations, net of tax
-	-	-	-	5,385	-300,057	-55,134	-227,363	-	-	-
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net Gains (Losses) on Investments and Other Financial Instruments
51,719	-42,476	3,621	30,751	35,693	79,989	-105,890	121,892	1,022,699	630,539	-259,261
Gain (Loss) on Extinguishment of Debt
-22,738	0	-51,469	-75,075	-94,207	0	0	-	-	-	-
Net payments related to derivative contracts and VIEs
-	-	-	-	-	-	8,574	4,515	119,888	-291,936	-38,044
Distributions from affiliates
-	-	-	-	-	-	-	-	0	29,498	11,040
Gain on sale of affiliate
-	-	-	-	-	-	-	-	0	34,815	0
Proceeds from sales of trading securities (See Note 2)
-	-	-	-	-	-	-	-	-	-	4,286,336
Purchases of trading securities (See Note 2)
-	-	-	-	-	-	-	-	-	-	3,880,824
Net cash (paid) received for commutations, terminations and recaptures
-	-	-	-	-	-	-254,667	3,190	-92,599	-85,657	369,926
Commutation - related charges
-	-	-	-	-	-	-	-	0	0	-
Deferred income tax provision
157,162	120,573	166,527	170,887	156,170	-825,843	-31,847	7,817	6,758	381,408	-55,344
Goodwill, Impairment Loss
4,828	0	184,374	0	0	-	-	-	-	-	-
Amortization and impairment of other acquired intangible assets
22,288	12,429	27,797	13,221	12,986	8,648	0	0	-	-	-
Depreciation, other amortization, and other impairments, net
50,439	56,661	58,038	57,795	68,639	57,301	69,726	53,257	63,120	39,789	-20,080
Equity in net (income) loss of affiliates
-	-	-	-	-	-	-	-	65	14,668	33,226
Change in:
Accounts and notes receivable
25,504	4,599	-3,628	16,011	-25,656	28,310	-6,556	-	-	-	-
Prepaid reinsurance premiums
-53,772	31,119	157,071	188,947	-16,800	-3,221	-	-	-	-	-
Unearned premiums
-112,535	15,419	42,716	862	35,796	77,432	184,659	148,967	-46,665	136,291	178,677
Reserve for losses and LAE
3,404	-109,642	-252,681	-216,135	-583,633	-604,321	-664,588	164,439	194,486	252,908	629,873
Reinsurance funds withheld
29,383	-32,814	-130,397	-158,001	0	0	-	-	-	-	-
Deferred policy acquisition costs
-	-	-	-	-	-	-	-13,617	-8,420	11,949	19,954
Reinsurance recoverables
-	-	-	-	-	-	-	-66,385	-86,047	58,266	-197,764
Prepaid federal income taxes
-	-	-	-	-	-	-	-	-	-	248,828
Other assets
134,430	-43,562	16,491	7,662	-7,799	-23,790	-61,302	50,080	-65,388	-34,405	3,641
Other liabilities
61,062	-106,799	4,405	57,136	-66,786	-54,836	54,354	24,635	46,744	-	-
Reserve for premium deficiency
-	-	-	-	-	-	-	-	-7,092	-14,621	-61,504
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-20,014	30,342
Net cash provided by (used in) operating activities
-	-	-	381,724	13,480	-163,333	-619,040	-247,163	-897,775	-862,603	27,645
Net cash provided by (used in) operating activities, discontinued operations
-	-	-	-	-1,759	17,071	-45,897	-263,337	-	-	-
Net Cash Provided by (Used in) Operating Activities
694,431	677,786	360,575	-	11,721	-146,262	-664,937	-510,500	-	-	-
Cash Flows from Investing Activities:
Proceeds from Sales of Fixed-Maturity Investments Available for sale
986,647	728,584	888,219	687,173	20,100	19,672	17,185	30,966	136,217	1,218,460	2,463,626
Proceeds from Sales of Trading Securities
130,537	58,317	194,784	290,855	78,826	469,582	299,577	3,759,095	6,028,267	-	-
Proceeds from Sales of Equity Securities
69,779	95,697	38,318	74,868	146,049	0	0	31,235	52,014	15,033	33,807
Proceeds from redemptions of fixed-maturity investments held to maturity
-	-	-	-	-	350	325	2,076	8,775	9,035	18,171
Proceeds from Redemption of Fixed-Maturity Investments Available for sale
464,777	457,595	463,548	337,630	103,595	4,985	538	5,815	32,214	50,846	199,551
Proceeds from Redemptions of Trading securities
37,684	54,329	79,296	123,645	221,914	201,597	233,763	-	-	4,735,215	536,601
Proceeds from Redemptions of Equity securities
-	-	-	-	-	-	10,503	0	0	-	-
Purchases of Fixed-Maturity Investments Available for sale
1,913,703	1,875,069	1,947,916	1,990,652	1,486,318	519,166	21,432	0	0	-	308,831
Purchases of Equity securities
57,422	69,160	213,469	830	75,538	0	0	-	-	-	2,908
Purchases of Trading securities
-	-	-	-	-	-	259,897	3,877,633	5,456,565	6,126,303	2,577,599
Sales, Redemptions and (Purchases) of Short-term Investments, Net
-8,017	108,325	-324,258	-334,456	-222,882	364,855	363,446	-356,274	-276,082	86,071	271,041
Sales, Redemptions and (Purchases) of Other assets and other invested assets, net
739	-2,590	-882	2,489	16,717	7,836	41,397	-12,691	1,373	33,501	3,616
Proceeds from the sale of investment in affiliate, net of cash transferred
-	-	-	-	-	0	0	-	0	172,017	0
Proceeds from sale of a subsidiary, net of cash sold
0	0	-650	0	784,866	-	-	-	-	-	-
Purchases of property and equipment, net
27,626	26,008	28,676	35,542	25,466	18,495	6,004	2,199	2,976	2,516	4,300
Acquisitions, net of cash acquired
0	7,964	86	150	9,834	294,386	0	0	-	-	-
Net cash provided by (used in) investing activities
-	-	-	-176,058	-2,207	-492,880	-47,491	318,320	1,072,655	-	-
Net cash provided by (used in) investing activities, discontinued operations
-	-	-	-	4,999	156,839	107,790	342,753	-	-	-
Net cash provided by (used in) investing activities
-302,049	-689,414	-201,492	-	2,792	-336,041	60,299	661,073	-	-47,785	83,461
Cash Flows from Financing Activities:
Dividends and dividend equivalents paid
2,061	2,140	2,154	2,105	1,996	1,865	1,632	1,335	1,330	1,202	827
Issuance of senior notes, net
442,439	0	442,163	343,417	343,334	293,809	377,783	0	0	391,310	0
Paydown of other borrrowings
-	-	-	-	-	-	-	-	-	-	100,000
Repayments and repurchases of senior notes
610,763	0	593,527	445,072	156,172	57,223	79,372	153,261	160,000	29,348	45,622
Proceeds from Hedge, Financing Activities
0	0	4,208	0	13,150	0	0	-	-	-	-
Issuance of common stock
2,416	1,385	7,132	717	1,285	247,188	299,410	0	0	525,887	0
Repurchases of common shares
300,201	50,053	6	100,188	202,000	0	0	-	-	-	-
Proceeds from (Payments for) Other Financing Activities
-989	-1,510	-1,993	-	-	-	-	-	-	-	-
Credit facility commitment fees paid
-	-	-	0	0	-	-	-	-	-	-
Change in secured borrowings, net (with terms 3 months or less)
13,862	39,342	19,357	0	0	-	-	-	-	-	-
Proceeds from secured borrowings (with terms greater than 3 months)
115,275	56,449	0	0	-	-	-	-	-	-	-
Payments of secured borrowings (with terms greater than 3 months)
62,932	20,917	0	0	-	-	-	-	-	-	-
Excess Tax Benefit from Share-based Compensation, Financing Activities
-	-	-	333	3,000	107	752	0	4	0	0
Repayments of other borrowings
152	170	264	371	0	0	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-203,269	601	482,016	596,941	-154,596	-161,326	-	-
Net cash provided by (used in) financing activities, discontinued operations
-	-	-	-	0	0	0	0	-	-	-
Net cash provided by (used in) financing activities
-403,106	22,386	-125,084	-	601	482,016	596,941	-154,596	-	886,647	-146,449
Effect of exchange rate changes on cash and restricted cash
-4	0	431	-481	-133	-67	0	-11	1,701	2,501	1,088
Increase (decrease) in cash and restricted cash
-10,728	10,758	34,430	1,916	14,981	-354	-7,697	-4,034	15,255	-21,240	-34,255
Less: Increase (decrease) in cash of business held for sale
-	-	-	-	-421	557	-1,169	422	-	-	-
Supplemental disclosures of cash flow information:
Income taxes paid (received) (Note 10)
71,469	8,364	94,328	-673	3,712	-4,312	4,436	-32,820	1,573	-386	-335,497
Interest paid
45,762	56,688	57,453	65,531	61,077	50,702	40,380	38,378	48,643	40,786	49,224
Income taxes paid, discontinued operations
-	-	-	-	2,036	13,891	1,051	-	-	-	-