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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Premiums, fees and reimbursements received $ 26 $ 32
Investment income received 112 127
Insured derivative commutations and losses paid (44) (34)
Financial guarantee losses and loss adjustment expenses paid (116) (497)
Proceeds from recoveries and reinsurance 32 91
Operating and employee related expenses paid (52) (77)
Interest paid, net of interest converted to principal (83) (101)
Income taxes (paid) received (1) 0
Net cash provided (used) by operating activities (126) (459)
Cash flows from investing activities:    
Purchases of available-for-sale investments (1,158) (738)
Sales of available-for-sale investments 1,064 987
Paydowns and maturities of available-for-sale investments 181 277
Purchases of investments at fair value (96) (118)
Sales, paydowns and maturities of investments at fair value 108 138
Sales, paydowns and maturities (purchases) of short-term investments, net 185 (177)
Paydowns and maturities of loans receivable 88 137
Consolidation of variable interest entities 0 18
Deconsolidation of variable interest entities (7) 0
(Payments) proceeds for derivative settlements (14) (48)
Collateral (to) from counterparties 0 4
Other investing 0 (23)
Net cash provided (used) by investing activities 351 457
Cash flows from financing activities:    
Proceeds from investment agreements 5 4
Principal paydowns of investment agreements (28) (33)
Principal paydowns of medium-term notes (36) (55)
Proceeds from the MBIA Corp. Financing Facility 0 328
Principal paydowns of variable interest entity notes (100) (183)
Purchases of treasury stock (15) (79)
Other financing 0 (3)
Net cash provided (used) by financing activities (174) (21)
Net increase (decrease) in cash and cash equivalents 51 (23)
Cash and cash equivalents - beginning of year 146 187
Cash and cash equivalents - end of year 197 164
Reconciliation of net income (loss) to net cash provided (used) by operating activities: [Abstract]    
Net income (loss) (244) (1,301)
Change in: [Abstract]    
Premiums receivable 16 27
Deferred acquisition costs 9 14
Unearned premium revenue (74) (97)
Loss and loss adjustment expense reserves 57 512
Insurance loss recoverable (9) (653)
Accrued interest payable 70 45
Accrued expenses (14) (19)
Unrealized (gains) losses on insured derivatives (32) 16
Net (gains) losses on financial instruments at fair value and foreign exchange (30) 63
Other net realized (gains) losses 94 (65)
Deferred income tax provision (benefit) 1 970
Interest on variable interest entities, net 12 19
Other operating 18 10
Total adjustments to net income (loss) 118 842
Net cash provided (used) by operating activities (126) (459)
Supplementary Disclosure of Consolidated Cash Flow Information    
Non-cash consideration received from the sale of MBIA UK Insurance Limited $ 0 $ 332