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Consolidated Statements of Cash Flows - Successor [Member] - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income attributable to common shareholders $ 74,843 $ 493,403 $ 484,071
Net (loss) gain 526 709 375
Net income (loss) 74,317 492,694 483,696
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization 1,220 3,215 3,582
Goodwill, Impairment Loss 0 514,511 0
Amortization of bond premium and discount (150,061) (129,584) (79,183)
Reorganization items 0 0 211
Share-based compensation 5,253 3,104 3,450
Deferred income taxes (485) 126 (120)
Current income taxes 9,727 134 4,963
Unearned premiums, net (289,140) (372,907) (576,018)
Losses and loss expenses, net 853,978 (799,399) (1,652,854)
Ceded premiums payable (10,965) (6,942) (10,526)
Investment income due and accrued (750) (280) 12,647
Premium receivables 172,331 174,918 470,191
Accrued interest payable 66,439 51,397 9,322
Amortization of insurance intangible assets 174,608 169,557 151,830
Net mark-to-market (gains) losses (19,194) (38,916) (20,863)
Net realized investment gains (39,284) (53,476) (58,777)
Other-than-temporary impairment charges 21,819 25,659 25,794
Net realized gains (losses) on extinguishment of debt (4,845) (81) 74,724
Variable interest entity activities 14,093 (31,569) 32,212
Other, net (35,521) 89,648 157,899
Net cash provided by (used in) operating activities 843,540 91,809 (967,820)
Cash flows from investing activities:      
Proceeds from sales of bonds 867,882 996,427 3,120,592
Proceeds from matured bonds 1,317,215 1,029,026 1,402,904
Purchases of bonds (2,574,285) (2,374,441) (2,937,744)
Proceeds from sales of other invested assets 131,703 178,474 49,271
Purchases of other invested assets (281,570) (128,186) (133,928)
Change in short-term investments (206,002) 134,423 (87,554)
Loans, net 1,046 508 465
Change in cash collateral receivable 27,372 (6,833) (153,853)
Other, net 1,996 (5,143) 11,574
Net cash provided by (used in) investing activities (714,643) (175,745) 1,271,727
Cash flows from financing activities:      
Proceeds from the sale of Junior Surplus Notes of the Segregated Account 0 0 224,262
Proceeds Received from a Secured Borrowing 0 (143,430) 0
Paydown Of Variable Interest Entity Secured Borrowing 29,482 13,533 0
Payments From Drawdowns Of Borrowings Under Guaranteed Investment Agreements 17,964 63,872 199,970
Payments for extinguishment of long-term debt (19,550) (13,752) (331,419)
Proceeds from Warrant Exercises 2 3 16
Payments for Repurchase of Warrants (2,717) (5,375) 0
Net Cash Provided by (Used in) Financing Activities (69,711) 46,901 (307,111)
Effect of Exchange Rate on Cash and Cash Equivalents (3,905) (1,124) (263)
Cash and Cash Equivalents, Period Increase (Decrease) 55,281 (38,159) (3,467)
Cash and cash equivalents at beginning of period 35,744 73,903 77,370
Cash and cash equivalents end of period 91,025 35,744 73,903
Supplemental disclosure of cash flow information      
Income taxes 21,437 16,969 4,400
Interest on investment agreements 614 341 518
Cash payments related to reorganization items:      
Professional fees paid for services rendered in connection with the Chapter 11 proceeding 0 0 272
Surplus Notes [Member]      
Supplemental disclosure of cash flow information      
Interest on surplus notes 0 0 82,168
Variable Interest Entity [Member] | Secured Borrowing [Member]      
Supplemental disclosure of cash flow information      
Interest on secured borrowing 3,923 1,506 0
Ambac Financial Group, Inc Parent Company Only [Member]      
Cash flows from operating activities:      
Net income (loss) 74,843 493,403 484,071
Adjustments to reconcile net income to net cash used in operating activities:      
Amortization of bond premium and discount (7,208) (4,690) 4
Reorganization items 0 0 211
Share-based compensation 5,253 3,105 3,450
Current income taxes 42,126 (71,069) 221
Investment income due and accrued (149) (69) 11,905
Net realized investment gains 7 27 46
Other-than-temporary impairment charges 289 155 0
Other, net 5,814 (4,705) (36,628)
Net cash provided by (used in) operating activities 77,228 (4,721) (3,414)
Cash flows from investing activities:      
Proceeds from matured bonds 269,459 347,539 65,032
Purchases of bonds (279,582) (312,419) (271,181)
Change in short-term investments (18,491) (25,143) (14,617)
Net cash provided by (used in) investing activities (42,287) 9,977 (220,766)
Cash flows from financing activities:      
Proceeds from the sale of Junior Surplus Notes of the Segregated Account 0 0 224,262
Proceeds from Warrant Exercises 2 3 16
Payments for Repurchase of Warrants 2,717 5,375 0
Net Cash Provided by (Used in) Financing Activities (2,715) (5,372) 224,278
Cash and Cash Equivalents, Period Increase (Decrease) 32,226 (116) 98
Cash and cash equivalents at beginning of period 25 141 43
Cash and cash equivalents end of period 32,251 25 141
Supplemental disclosure of cash flow information      
Income taxes 0 394 0
Cash payments related to reorganization items:      
Professional fees paid for services rendered in connection with the Chapter 11 proceeding $ 0 $ 0 $ 272