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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net (loss) income $ (36.1) $ 179.9
Loss from discontinued operations 19.3 14.5
(Loss) income from continuing operations (16.8) 194.4
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities    
Share-based compensation expense 6.3 7.1
Depreciation and amortization 15.4 11.5
Amortization of deferred financing costs and debt discount 12.7 7.4
Amortization of (discount) premium on investments 8.5 6.2
Gain on sale and deconsolidation of subsidiary 0.0 (105.1)
Gain on bargain purchase (1.1) (115.4)
Income from equity investees (1.6) (8.4)
Asset impairment expense 54.5 1.0
Net realized and unrealized gains on investments (9.0) (28.8)
Receipt of dividends from equity investees 0.0 0.0
Deferred income taxes (28.1) (2.6)
Annuity benefits 9.8 6.6
Other operating activities 1.6 7.9
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 29.6 (26.2)
Recoverable from reinsurers 4.4 238.8
Other assets 17.6 (31.4)
Life, accident and health reserves 44.9 126.7
Accounts payable and other current liabilities (36.1) 10.7
Other liabilities (18.6) 20.2
Cash provided by continuing operating activities 94.0 320.6
Cash provided by discontinued operating activities 16.5 20.8
Cash provided by continuing operating activities 110.5 341.4
Cash flows from investing activities    
Purchase of property, plant and equipment (25.8) (18.0)
Disposal of property, plant and equipment 1.4 1.6
Purchase of investments (1,060.1) (1,184.6)
Sale of investments 748.7 248.8
Maturities and redemptions of investments 123.5 82.3
Cash received from dispositions, net 13.5 92.0
Cash received from (paid for) acquisitions, net (60.7) 572.1
Other investing activities 8.2 0.3
Cash used in continuing investing activities (251.3) (205.5)
Cash used in discontinued investing activities (12.4) (19.1)
Cash used in continuing investing activities (263.7) (224.6)
Cash flows from financing activities    
Proceeds from debt obligations 116.2 826.1
Principal payments on debt obligations (33.8) (669.7)
Cash received by subsidiary to issue preferred stock 8.9 0.0
Cash paid by subsidiary to purchase HC2 preferred stock (8.3) (5.8)
Annuity receipts 2.2 2.4
Annuity surrenders (18.1) (19.2)
Transactions with noncontrolling interests 2.4 (12.6)
Other financing activities (4.1) (2.8)
Cash provided by continuing financing activities 65.4 118.4
Cash used in discontinued financing activities (3.0) (3.2)
Cash provided by continuing financing activities 62.4 115.2
Effects of exchange rate changes on cash, cash equivalents and restricted cash 1.0 (0.2)
Net change in cash, cash equivalents and restricted cash (90.9) 233.3
Cash, cash equivalents and restricted cash, beginning of period 321.3 88.0
Cash, cash equivalents and restricted cash, end of period 230.4 321.3
Supplemental cash flow information:    
Cash paid for interest 72.9 65.9
Cash paid for taxes, net of refunds 7.6 11.7
Non-cash investing and financing activities:    
Property, plant and equipment included in accounts payable 5.7 2.9
Investments included in accounts payable $ 30.1 $ 0.3