STATE AUTO FINANCIAL CORPORATION STFC Cash Flow

State auto financial corporation (STFC)

CashFlow / TTM

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
Cash flows from operating activities:
Net (loss) income
-76,600	87,400	30,200	52,100	64,300	12,800	23,600	-19,300	-16,600	-17,800	26,600	46,200	12,900	19,200	-8,400	2,200	29,500	51,200	113,500	104,700	105,000	107,400	58,400	65,000	68,200	60,800	65,300	41,300	32,400	10,700	89,100	35,900	-175,500	-160,700	0	0	0
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization, net
7,900	9,400	8,400	8,100	9,100	8,900	9,300	11,000	12,300	12,500	13,000	13,300	13,300	14,600	16,400	15,800	14,600	15,700	15,900	14,600	13,800	11,700	10,600	11,500	12,600	13,500	10,600	11,300	8,700	7,100	8,400	6,700	5,900	5,300	0	0	0
Share-based compensation
2,800	6,100	12,400	10,700	12,600	11,100	6,900	6,200	4,800	4,200	3,500	4,300	4,000	3,700	2,600	4,300	4,900	4,500	6,000	3,600	3,600	3,600	3,200	4,000	3,900	4,100	4,400	4,100	3,900	3,500	3,700	3,200	3,200	3,200	0	0	0
Net investment loss (gain)
-105,900	74,200	-17,700	5,100	6,900	-49,700	127,100	41,900	45,600	65,100	-23,900	52,300	43,000	36,500	20,900	22,900	21,800	24,300	23,100	13,900	13,800	20,700	25,100	31,000	27,200	23,200	23,900	23,400	28,600	29,000	32,900	36,100	35,900	37,000	0	0	0
Realized Investment Gains (Losses)
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Deferred policy acquisition costs
9,000	9,200	9,800	4,500	-800	-8,400	-10,100	-13,000	-10,900	-11,500	-10,500	-5,500	-2,800	1,400	-200	-1,700	100	2,600	24,600	26,500	27,700	29,700	10,800	6,600	5,200	5,100	4,700	6,800	300	0	-18,000	-13,800	-4,300	-7,900	0	0	0
Accrued investment income and other assets
-3,300	-700	-4,600	-7,900	-3,600	-3,900	1,500	-1,200	-200	-3,500	-900	4,000	1,300	4,500	1,300	2,200	4,100	2,400	5,000	800	300	-200	-1,100	-100	400	2,300	4,100	5,900	4,000	1,400	-2,600	-3,900	-2,400	-800	0	0	0
Postretirement and pension benefits
-15,300	-14,500	-12,800	-19,900	-16,700	-16,900	-22,000	-17,100	-12,200	-14,800	-26,500	-50,200	-49,100	-48,000	-30,800	-8,200	-7,100	-6,000	-5,100	-6,200	-9,700	-7,300	-5,900	-4,700	-1,900	-5,300	-5,200	-5,600	-5,200	-4,600	-19,500	-19,000	-16,700	-9,900	0	0	0
Other liabilities and due to/from affiliates, net
37,500	44,900	-47,300	-46,700	-13,000	-47,600	6,100	-41,500	-26,300	-11,300	-66,200	-28,800	-14,800	-33,700	-6,200	-20,000	-14,600	39,900	103,200	101,900	89,800	50,800	-6,800	-2,300	2,500	900	11,100	26,300	2,200	9,800	-67,100	-62,800	-64,200	-97,600	0	0	0
Reinsurance recoverable on losses and loss expenses payable and prepaid reinsurance premiums
36,300	9,000	76,600	96,200	6,000	2,600	-17,300	-13,700	-5,500	-200	-2,400	-3,300	-2,000	-3,000	-4,300	-3,400	-1,300	-3,000	-600	1,400	-300	1,900	-400	-3,600	-1,800	-3,600	-7,200	-12,600	-19,300	-16,000	-15,700	-200	9,700	7,000	0	0	0
Losses and loss expenses payable
-42,900	-80,300	-106,000	-99,300	-118,700	-108,800	-81,800	900	30,300	74,000	114,900	90,400	133,800	128,600	144,100	120,200	85,800	69,800	60,200	60,200	46,000	23,300	9,300	7,100	7,400	17,700	6,100	22,000	24,100	35,100	8,600	23,700	92,400	93,000	0	0	0
Unearned premiums
78,200	65,000	53,600	31,500	-1,700	-27,600	-34,900	-37,300	-17,300	-6,000	-3,700	3,700	5,700	1,500	-3,300	-8,600	-3,400	3,900	108,700	110,800	110,300	121,400	27,300	14,200	9,500	9,400	10,000	15,900	5,200	11,400	-95,300	-77,100	-54,300	-70,200	0	0	0
Excess Tax Benefit from Share-based Compensation, Operating Activities
1,300	900	-200	-100	-1,100	-900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal income taxes
-20,700	20,500	3,800	10,300	12,400	-800	62,800	53,500	54,100	54,400	900	0	-2,200	-200	-5,300	6,900	5,800	13,700	-65,000	-73,600	-73,300	-81,600	600	-300	100	-300	0	0	0	-	-	-	-	50,900	0	0	0
Cash provided from December 31, 2014 unearned premium transfer related to the homeowners quota-share reinsurance arrangement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-63,500	63,500	63,500	63,500	0	0	0	0	-	-	-	-	75,500	0	0	0	-	-	-	-
Cash used in pooling changes, December 31, 2011 and January 1, 2011
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-261,400	69,100	0	0	0
Net cash used in operating activities
-41,500	-43,900	-27,000	-57,600	-33,100	-13,400	-23,100	24,300	52,700	67,900	112,200	90,400	93,500	113,500	103,300	132,100	119,700	149,800	142,500	133,000	127,900	75,600	76,000	65,300	66,400	72,100	60,600	50,200	65,900	-285,600	-299,900	-323,000	-374,900	43,000	0	0	0
Cash flows from investing activities:
Purchases of fixed maturities available-for-sale
577,800	592,600	542,500	476,500	387,800	349,600	363,200	468,800	483,900	505,400	583,900	541,800	549,200	589,300	528,700	548,000	521,700	573,900	565,400	522,600	507,000	431,400	425,900	409,200	382,200	326,700	337,700	425,400	545,300	540,400	460,500	367,000	258,300	369,700	0	0	0
Purchases of equity securities
60,000	63,400	58,100	43,400	49,400	91,400	164,000	195,300	208,400	185,900	169,300	167,100	151,300	143,100	100,100	172,900	165,100	154,000	155,100	60,200	100,700	119,000	121,200	131,400	100,000	86,000	91,400	117,800	143,000	143,000	116,600	81,500	60,400	92,600	0	0	0
Purchases of other invested assets
18,900	13,300	13,600	3,500	2,300	1,800	1,500	1,600	1,700	1,400	1,500	1,500	1,300	1,500	1,400	3,300	3,400	6,900	6,800	5,200	5,300	1,800	1,800	5,900	5,700	5,500	5,600	900	800	1,100	1,100	1,200	1,200	1,200	0	0	0
Maturities, calls and pay downs of fixed maturities available-for-sale
328,300	386,300	316,500	322,800	300,200	229,800	221,900	249,300	235,000	233,600	255,900	234,200	234,200	240,900	214,700	194,700	218,600	241,000	255,000	241,600	246,700	232,400	232,700	226,200	203,300	174,600	162,200	196,300	212,500	257,000	298,500	327,200	322,200	327,200	0	0	0
Sales of fixed maturities available-for-sale
326,700	308,800	277,000	235,800	148,300	98,000	98,200	137,500	149,400	184,800	229,900	193,400	186,500	211,600	176,000	238,200	194,000	180,700	170,800	130,600	154,700	163,500	170,900	156,900	146,100	113,300	116,700	220,200	325,400	332,800	359,800	268,200	192,100	167,600	0	0	0
Sales of equity securities
45,900	45,400	42,900	36,300	45,400	97,800	170,700	242,600	270,200	252,700	210,400	179,900	177,000	153,000	141,300	170,000	146,900	144,800	140,000	74,200	86,100	99,200	108,900	128,000	112,900	106,400	111,500	103,900	102,900	101,800	109,300	141,200	162,300	180,900	0	0	0
Sales of other invested assets
1,400	1,300	1,300	1,100	1,200	1,200	1,200	1,300	1,100	1,100	900	900	900	800	900	800	700	700	600	600	600	600	700	600	700	700	700	700	700	700	10,600	20,700	20,700	20,800	0	0	0
Proceeds from Sale of Property, Plant, and Equipment
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,200	0	0	0
Net disposals of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by investing activities
47,400	74,100	25,100	74,200	55,600	-16,000	-36,700	-35,000	-38,300	-20,500	-57,600	-102,000	-103,200	-127,600	-97,300	-120,500	-130,100	-167,700	-161,000	-141,100	-124,900	-56,500	-35,700	-34,800	-24,900	-23,000	-41,700	-21,100	-45,900	9,300	199,800	307,400	377,400	246,200	0	0	0
Cash flows from financing activities:
Proceeds from issuance of common stock
6,700	5,900	8,500	5,100	7,100	15,400	15,900	20,400	18,000	10,200	4,000	3,000	2,900	2,200	7,500	7,100	6,300	6,200	4,000	3,800	3,600	3,500	4,100	4,500	4,500	4,000	0	0	0	-	-	-	-	2,600	0	0	0
Payments to acquire treasury stock
900	500	500	600	600	200	300	200	200	300	200	200	200	200	200	300	400	300	300	200	100	100	100	100	100	100	0	0	0	-	-	-	-	-	-	-	-
Payment of dividends
17,400	17,400	17,300	17,100	17,200	17,100	17,000	17,100	16,900	16,900	16,900	16,800	16,800	16,600	16,600	16,500	16,500	16,500	16,500	16,500	16,400	16,500	16,300	16,300	16,300	16,100	16,300	18,300	20,300	22,300	24,200	24,100	24,100	24,100	0	0	0
Proceeds from Short-term Debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
48,400	-12,000	-9,300	-12,600	-11,100	-2,300	-1,800	2,700	900	-7,000	-13,000	7,400	7,600	7,100	12,600	-9,200	-10,300	-10,300	-12,800	-12,800	-12,900	-13,100	-12,400	-27,500	-27,500	-27,800	-28,800	-16,000	-18,700	-20,700	-22,400	-22,400	-21,900	-21,500	0	0	0
Net increase in cash and cash equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-31,700	-61,600	-8,000	15,300	40,400	41,600	-4,200	-2,100	-7,000	18,600	2,400	-20,700	-28,200	-31,300	-20,900	-9,900	6,000	27,900	3,000	14,000	21,300	-9,900	13,100	1,300	-297,000	-122,500	-38,000	-19,400	267,700	0	0	0
Supplemental disclosures:
Proceeds from Income Tax Refunds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,400	-7,300	-4,900	-2,300	-2,300	0	0	0
Interest Paid, Excluding Capitalized Interest, Operating Activities
4,300	4,800	4,700	4,700	5,800	5,700	5,900	6,200	5,900	5,700	5,700	5,600	5,500	5,400	5,400	5,300	5,300	5,300	5,200	5,200	5,200	5,200	5,100	7,600	9,600	8,500	10,600	7,000	7,000	7,000	7,000	7,000	7,000	7,000	0	0	0