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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flow from operating activities:    
Net income (loss) $ 3,245 $ 16,065
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net realized and unrealized investment (gains) losses (4,256) 844
Loss (gain) on early extinguishment of debt 3,575 0
Amortization of investment premium or discount, net 354 1,034
Depreciation and amortization 725 682
Share-based compensation 1,358 1,363
Tax impact related to share-based compensation (35) (97)
Changes in operating assets and liabilities:    
Prepaid reinsurance premiums 25,796 34,385
Premiums receivable, net (1,448) 3,361
Reinsurance recoverable, net 12,111 (83,686)
Deferred acquisition costs (6,103) (2,027)
Income taxes, net (1,531) 3,300
Deferred revenue 537 60
Loss and loss adjustment expense reserves (27,495) 61,160
Unearned premiums 21,816 7,872
Reinsurance payable (10,839) (7,724)
Other 7,787 4,444
Net cash provided by (used in) operating activities 25,597 41,036
Cash flow from investing activities:    
Proceeds from sales of equity securities 2,242 6,092
Proceeds from sales of debt securities 96,247 128,722
Purchases of equity securities (2,971) (6,831)
Purchases of debt securities (117,564) (212,654)
Maturities and redemptions of debt securities 18,249 70,444
Purchases of property and equipment (741) (277)
Net cash provided by (used in) investing activities (4,538) (14,504)
Cash flow from financing activities:    
Issuance of long-term debt, net of issuance costs 98,390 0
Payment of long-term debt and prepayment penalties (48,000) (5,000)
Purchase of non-controlling interest 0 (16,685)
Purchases of FedNat Holding Company common stock 0 (5,061)
Issuance of common stock for share-based awards 0 16
Dividends paid (2,085) (2,106)
Net cash provided by (used in) financing activities 48,305 (28,836)
Net increase (decrease) in cash and cash equivalents 69,364 (2,304)
Cash and cash equivalents at beginning-of-period 64,423 86,228
Cash and cash equivalents at end-of-period 133,787 83,924
Supplemental disclosure of cash flow information:    
Cash paid (received) during the period for interest 902 1,977
Cash paid (received) during the period for income taxes 2,732 $ 2,405
Right-of-use asset (7,998)  
Lease liability $ 7,998