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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Premiums, fees and reimbursements received $ 61 $ 115 $ 95
Investment income received 248 318 353
Insured derivative commutations and losses paid (52) (43) (42)
Financial guarantee losses and loss adjustment expenses paid (768) (351) (238)
Proceeds from recoveries and reinsurance 170 99 85
Operating and employee related expenses paid (130) (134) (129)
Interest paid, net of interest converted to principal (155) (139) (169)
Income taxes (paid) received (4) (5) (9)
Net cash provided (used) by operating activities (630) (140) (54)
Cash flows from investing activities:      
Purchases of available-for-sale investments (1,811) (2,661) (2,146)
Sales of available-for-sale investments 2,256 2,412 1,145
Paydowns and maturities of available-for-sale investments 568 680 800
Purchases of investments at fair value (263) (199) (390)
Sales, paydowns and maturities of investments at fair value 326 260 551
Sales, paydowns and maturities (purchases) of short-term investments, net (67) (125) 525
Sales, paydowns and maturities of held-to-maturity investments 0 1,799 67
Paydowns and maturities of loans receivable 259 261 232
Consolidation of variable interest entities 18 9 7
Deconsolidation of variable interest entities 0 (8) 0
(Payments) proceeds for derivative settlements (64) (44) 13
Collateral (to) from counterparties 4 49 (31)
Capital expenditures (1) (1) (3)
Other investing (23) (8) 47
Net cash provided (used) by investing activities 1,202 2,424 817
Cash flows from financing activities:      
Proceeds from investment agreements 17 19 24
Principal paydowns of investment agreements (84) (85) (116)
Principal paydowns of medium-term notes (171) (129) (118)
Proceeds from the MBIA Corp. Financing Facility 328 0 0
Principal paydowns of variable interest entity notes (368) (2,234) (490)
Principal paydowns of long-term debt 0 0 (11)
Purchases of treasury stock (330) (110) (304)
Other financing (3) (5) 0
Net cash provided (used) by financing activities (611) (2,544) (1,015)
Effect of exchange rate changes on cash and cash equivalents (2) (2) (8)
Net increase (decrease) in cash and cash equivalents (41) (262) (260)
Cash and cash equivalents - beginning of year 187 522 782
Reclassification to assets held for sale 0 (73) 0
Cash and cash equivalents - end of year 146 187 522
Reconciliation of net income (loss) to net cash provided (used) by operating activities: [Abstract]      
Net income (loss) (1,605) (338) 180
Change in: [Abstract]      
Premiums receivable 49 75 50
Deferred acquisition costs 22 41 49
Unearned premium revenue (206) (263) (371)
Loss and loss adjustment expense reserves 778 29 12
Insurance loss recoverable (681) (74) (44)
Accrued interest payable 138 111 105
Accrued expenses (29) 7 14
Net investment losses related to other-than-temporary impairments 106 5 13
Unrealized (gains) losses on insured derivatives 0 (21) (157)
Net (gains) losses on financial instruments at fair value and foreign exchange (106) (84) (105)
Other net realized (gains) losses (59) 282 (17)
Deferred income tax provision (benefit) 940 (5) 107
Interest on variable interest entities, net 35 57 71
Other operating (12) 38 39
Total adjustments to net income (loss) 975 198 (234)
Net cash provided (used) by operating activities (630) (140) (54)
Supplementary Disclosure of Consolidated Cash Flow Information      
Non-cash consideration received from the sale of MBIA UK Insurance Limited $ 332 $ 0 $ 0