STEWART INFORMATION SERVICES CORP STC Cash Flow

Stewart information services corp (STC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Reconciliation of net income (loss) to cash used by operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
7,374	3,063	69,668	22,325	-4,784	14,859	20,404	25,720	-1,961	18,070	13,911	22,156	6,009	20,193	29,766	27,526	-9,064	5,189	-10,427	20,625	-11,344	14,130	26,061	8,746	-10,628	19,910	18,017	29,899	4,758	64,593	37,097	28,042	-10,755	4,245	6,309	7,648	-9,524
Add (deduct):
Depreciation, Depletion and Amortization, Nonproduction
4,231	5,068	5,694	5,774	5,990	6,323	6,221	6,154	6,234	6,481	6,578	6,441	6,378	7,316	7,082	7,340	8,306	8,285	7,634	7,274	7,105	8,156	6,620	5,055	4,395	5,199	4,143	4,220	4,358	4,360	4,335	4,564	4,524	5,199	4,751	4,762	4,830
Provision for bad debt
154	783	427	16	446	9	441	212	-143	-490	63	268	366	2,160	91	387	711	1,724	411	812	449	1,228	525	406	-182	352	541	186	1,091	191	772	1,534	704	68	106	148	996
Net realized and unrealized losses (gains)
-11,091	-7,970	-3,096	423	3,403	-4,292	3,623	2,393	-1,671	3,643	-1,047	-676	287	-	-	-	488	-2,097	-812	389	1,151	5,601	1,667	-664	140	1,261	857	123	-3,307	1,812	3,233	1,088	1,445	4,417	-1,014	-1,233	132
Amortization of net premium on debt securities investments
-1,144	-1,149	-1,162	-1,275	-1,353	-1,466	-1,501	-1,529	-1,587	-1,692	-1,693	-1,703	-1,718	-1,819	-1,837	-1,817	-1,742	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for title losses in excess of provisions
-2,809	4,681	-88	-3,397	-7,781	-10,086	69	-1,885	710	6,997	7,164	3,138	-3,605	3,970	-1,336	-3,167	-523	-12,105	4,168	-21,871	12,654	5,994	-13,937	-3,516	-7,344	-1,667	6,260	-5,754	-10,119	4,517	2,733	11,276	-3,278	8,884	-5,529	4,127	-5,099
Adjustment for insurance recoveries of title losses
173	6	-139	-66	380	16	-425	250	1,198	-1,411	-36	384	409	-463	-248	226	312	-550	450	50	263	14,474	267	-267	2,707	-	-	-	-	492	-46	-2,347	2,607	1,872	605	1,024	1,581
Decrease (increase) in receivables – net
-11,542	-5,921	-8,027	11,179	5,686	-3,260	-6,383	1,042	3,321	-5,365	3,240	5,896	3,896	-2,793	-2,815	-5,773	3,622	-4,260	-9,197	-12,913	13,476	-5,484	-3,021	-5,541	5,255	6,483	13,093	-355	-13,425	-5,128	8,294	11,424	1,543	122	11,556	-13,607	8,677
Increase in other assets – net
3,813	-3,955	-4,021	296	815	-4,875	-2,220	-2,227	4,853	-1,121	-893	5,860	666	-1,780	-1,547	353	2,583	-4,519	-708	-3,373	5,527	-488	-3,385	1,768	3,983	-2,174	2,069	727	845	-1,630	1,000	267	3,142	-377	-2,784	849	2,501
Decrease in accounts payable and other liabilities – net
-43,165	24,718	18,341	14,624	-26,212	11,478	2,846	3,932	-30,258	22,415	-1,614	8,487	-27,355	12,139	4,741	5,772	-26,540	5,235	7,396	3,958	-14,501	2,344	9,396	4,223	-22,817	3,899	3,865	4,826	-20,690	26,355	3,769	9,546	-10,392	10,020	2,058	6,062	-23,742
Change in net deferred income taxes
-1,495	-3,106	-4,378	-1,437	252	-1,949	1,236	296	161	421	-6,420	-2,193	-136	-4,287	-1,142	-3,970	1,953	5,347	1,109	-2,878	2,222	1,820	-13,709	2,375	6,338	7,783	-9,841	-12,926	-1,276	42,305	-1,309	536	-1,752	-1,657	-1,424	6,323	-2,030
Net income from equity investees
645	1,048	949	673	374	596	576	525	243	350	836	780	197	901	864	728	341	675	790	1,526	588	722	1,145	1,216	359	589	1,049	1,024	1,475	989	1,418	1,415	431	667	390	584	69
Dividends received from equity investees
1,235	757	744	867	353	364	1,202	554	431	440	816	667	570	728	740	591	581	700	1,012	1,405	694	840	1,306	852	584	937	1,327	945	1,557	717	999	1,036	674	635	779	393	717
Stock-based compensation expense
887	-1,283	1,323	1,253	804	1,770	1,060	1,839	140	3,225	-1,294	2,142	1,230	-2,111	1,370	2,328	1,395	-181	1,020	2,562	1,044	2,918	20	696	386	-	-	-	-	-	-	-	-	-	-	-	-
Other – net
254	-224	-13	83	-98	-465	121	-17	-43	-529	48	-1	-1	106	-96	216	-226	5,523	-4,543	-378	270	-739	437	-622	476	602	-347	-569	33	1,317	-431	-791	-389	-593	780	-874	-958
Cash used by operating activities
-11,360	59,070	115,718	31,454	-39,883	40,444	36,366	36,293	-28,926	60,020	31,517	35,720	-19,189	58,976	45,527	50,300	-31,841	14,917	60,025	32,442	-26,870	48,652	47,124	17,663	-49,450	16,341	27,752	46,484	-3,390	63,692	37,454	39,712	-20,336	28,344	1,575	32,122	-38,632
Investing activities:
Proceeds from Sale of Debt Securities, Available-for-sale
11,796	29,706	10,947	2,994	6,958	16,942	6,778	10,356	15,366	21,409	5,878	33,812	15,843	31,425	16,839	21,500	11,327	8,966	14,378	22,035	23,901	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from matured investments in debt securities
18,814	4,031	8,801	15,790	20,094	4,373	14,903	5,752	4,603	45	11,033	7,878	14,956	1,563	17,780	7,522	260	1,925	27,801	2,667	9,802	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments in securities
30,703	75,302	924	702	561	7,374	9,463	18,178	8,042	54,317	37,034	36,400	51,981	44,295	46,378	31,517	44,254	46,194	41,910	26,125	33,468	34,648	2,972	30,744	79,008	32,387	52,961	26,885	36,279	69,034	67,369	32,619	38,668	166,101	21,610	126,876	21,531
Proceeds from investments available-for-sale matured and sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,469	65,793	-	28,865	25,960	15,255	47,404	52,656	42,239	39,639	166,914	32,223	118,293	22,267
Net sales (purchases) of short-term investments
-2,982	446	135	-398	456	-758	587	-158	-63	1,035	145	-415	597	-17,829	-1,964	23	2,302	17,824	-783	-2,624	247	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment, and real estate – net
4,781	5,118	4,068	5,154	2,735	2,197	2,788	3,697	1,993	3,985	3,083	3,742	5,586	4,540	2,121	6,000	5,494	6,285	1,601	6,793	4,979	4,055	6,376	4,823	4,283	4,260	5,340	3,423	4,259	2,648	5,041	4,401	4,662	3,916	2,680	6,859	4,249
Proceeds from the sale of land, buildings, property and equipment, and real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-278	1,672	-69	3,388	-	-	-	-
Increases in notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-33	150	-6	180
Collections on notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71	33	79	538
Cash paid for acquisition of businesses
1,449	0	0	0	0	1,100	5,661	0	11,978	-425	-296	18,080	0	-	-	-	-	0	0	0	3,958	631	445	38,914	0	-381	15,006	0	296	1,105	32	0	46	-	-	-	-
Other – net
-38	-	-406	-418	-1,287	-	131	6	-464	-	-550	39	-449	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other – net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	387	-407	681	680	543	923	2,026	1,715	305	-1,470	2,490	1,533	340	-2,343	860	2,056	-189	-	-	-	-
Cash received (paid) for other assets, cost-basis investments, equity investees and other - net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-87	-48	58
Cash (used) provided by investing activities
-3,303	-46,318	15,027	13,744	24,587	13,460	3,051	-5,615	-1,517	-37,458	-22,505	-16,156	-26,916	3,479	-11,864	-8,313	-40,076	-55,605	132	-4,912	-8,406	-7,732	-8,335	-45,297	-17,193	-11,447	-41,953	276	-25,239	-25,942	-17,254	7,206	-538	-6,256	-533	-19,333	-3,097
Financing activities:
Payments on notes payable
8,223	1,689	3,040	15,693	7,446	3,351	10,774	964	5,029	37,619	931	9,535	8,382	30,129	15,109	13,794	1,307	3,169	1,589	11,785	5,951	6,401	51,070	1,116	2,251	10,752	458	534	455	457	461	473	4,301	1,300	3,049	496	1,143
Proceeds from notes payable
204	6,950	3,008	16,052	4,454	4,947	9,557	26	0	8,450	22,146	25,022	875	5,802	17,378	24,578	10,000	22,455	929	29,267	0	-	-	-	-	10,746	0	0	400	-	-	-	-	-500	6,000	0	500
Distributions to noncontrolling interests
3,326	-8,578	3,091	2,310	3,177	-7,564	2,914	2,823	2,928	-6,566	3,076	2,737	2,563	3,531	3,770	2,632	3,028	2,845	3,223	1,961	1,677	1,942	2,532	3,034	1,478	2,025	2,557	2,431	2,226	3,164	2,127	2,539	1,682	1,685	1,844	1,362	1,251
Repurchases of common stock
393	51	10	92	379	488	15	93	579	727	0	0	0	-	-	-	-	135	22	26,400	1,393	5,761	13,363	2,924	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
7,099	7,088	7,090	7,084	7,083	7,068	7,068	7,066	7,061	7,035	7,035	7,034	7,031	7,040	7,040	7,040	6,720	6,730	5,609	5,671	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of remaining interest in consolidated subsidiary
-	-	-	-	-	-	-10	831	281	-	1	1,013	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	235	723	-	-	-	-	-	-	-	-
Payment of contingent consideration related to an acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	742	-	-	-	-	-	-	-	-
Proceeds from (Payments for) Other Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-818	-	-	-	-240	145	-55	-20	98	-24	-17	20	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash used by financing activities
-18,837	-4,806	-10,198	-9,127	-13,631	-8,925	-11,204	-11,751	-15,878	-41,002	11,103	4,223	-17,919	-36,555	-8,541	-12,951	-1,295	9,512	-9,569	-16,570	-8,923	-8,358	-17,410	55,523	-3,729	-8,284	-2,966	-3,200	-3,746	-6,583	-2,629	-2,925	-5,983	-4,402	1,120	-1,858	-1,894
Effects of changes in foreign currency exchange rates
-3,510	1,703	-792	627	1,367	-2,581	328	-1,273	-284	-227	1,426	843	827	-1,916	-600	-523	2,898	-1,072	-3,874	495	-3,213	-449	-3,310	2,145	-3,575	-3,459	1,716	-2,347	-787	-449	2,666	-1,521	1,125	-9	-1,681	-116	1,003
Decrease in cash and cash equivalents
-37,010	9,649	119,755	36,698	-27,560	42,398	28,541	17,654	-46,605	-18,667	21,541	24,630	-63,197	23,984	24,522	28,513	-70,314	-32,248	46,714	11,455	-47,412	32,113	18,069	30,034	-73,947	-6,849	-15,451	41,213	-33,162	30,718	20,237	42,472	-25,732	17,677	481	10,815	-42,620
Supplemental information:
Retirement of Convertible Senior Notes with issuance of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	715	0	37,095	-	-	-	-	-	-	-	-
Receipt of partial building ownership in exchange for debt forgiveness
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,255	-	-	-	-
Settlement of wage and hour litigation through issuance of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,582
Net changes in financial statement amounts due to purchase of subsidiaries and other assets:
Goodwill acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,292	-25,190	41,338	0	1,556	9,299	0	28	1,491	142	0	2,550	-	-	-	-
Receivables and other assets acquired (disposed)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84	8,351	4,185	0	-1,008	7,970	-88	44	360	32	0	-2,067	-	-	-	-
Changes in financial statement amounts due to the acquisition of a subsidiary:
Liabilities recognized or acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,448	2,263	-624	312	746	142	0	437	-	-	-	-
Net cash paid for acquisition of subsidiaries and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	631	445	38,914	0	-381	15,006	0	296	1,105	32	0	46	-	-	-	-
Cash paid for acquisition of subsidiary
1,449	0	0	0	0	1,100	5,661	0	11,978	-425	-296	18,080	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-