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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) attributable to common stockholders $ (17) $ (437) $ (216)
Net income (loss) (16) (437) (216)
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization 2 1 0
Amortization of bond premium and discount (13) (15) (63)
Share-based compensation 14 11 12
Deferred income taxes 6 (9) 1
Current income taxes (4) 17 35
Unearned premiums, net (82) (48) (132)
Losses and loss expenses, net (147) 76 (364)
Ceded premiums payable 6 (3) (4)
Premium receivables 48 44 77
Accrued interest payable 103 93 87
Amortization of intangible assets 55 57 295
Net realized investment gains (7) (22) (81)
Net realized gains (losses) on extinguishment of debt (33) 0 0
Other, net (35) 59 79
Net cash used in operating activities (131) (175) (311)
Cash flows from investing activities:      
Proceeds from sales of bonds 236 1,109 1,212
Proceeds from matured bonds 698 137 379
Purchases of bonds (343) (975) (959)
Proceeds from sales of other invested assets 39 374 81
Purchases of other invested assets (127) (475) (137)
Change in short-term investments 98 158 (218)
Change in cash collateral receivable 9 0 100
Proceeds From Financial Guaranty Variable Interest Entity Assets 171 178 543
Payments to Acquire Businesses, Net of Cash Acquired   (74)  
Other, net (5) 1 (2)
Net cash provided by investing activities 776 432 1,000
Cash flows from financing activities:      
Proceeds from Sale of Senior Surplus Notes 11 0 0
Paydown of Ambac Note (1,641) (121) (178)
Payments of Debt Issuance Costs (12) 0 0
Payment, Tax Withholding, Share-based Payment Arrangement (6) (3) (3)
Paydown of Financial Guaranty Variable Interest Entity Liabilities (170) (178) (542)
Net Cash Provided by (Used in) Financing Activities (657) (303) (691)
Effect of Exchange Rate on Cash and Cash Equivalents 0 0 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect (12) (46) (2)
Cash and cash equivalents end of period 17 20 24
Supplemental disclosure of cash flow information      
Income Taxes Paid 15 11 21
Cash payments related to reorganization items:      
Variable interest entity activities (7) (5) (38)
Increase (Decrease) in Derivative Assets and Liabilities (23) 6 (1)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 23 35 81
Proceeds From Issuance of Ambac UK Debt 0 0 12
Proceeds from Issuance of Secured Debt 1,163    
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest (1)    
Proceeds from (Payments to) Noncontrolling Interests (1)    
Ambac Financial Group, Inc Parent Company Only [Member]      
Cash flows from operating activities:      
Net income (loss) attributable to common stockholders (17) (437) (216)
Net income (loss) (17) (437) (216)
Adjustments to reconcile net income to net cash used in operating activities:      
Amortization of bond premium and discount (9) (6) (6)
Share-based compensation 14 11 12
Current income taxes 1 30 15
Net realized investment gains 5 1 2
Other, net (6) (10) (6)
Net cash used in operating activities (10) 11 16
Cash flows from investing activities:      
Proceeds from matured bonds 33 46 86
Purchases of bonds (34) (45) (2)
Proceeds from sales of other invested assets (8) 0 0
Change in short-term investments 105 89 (125)
Payments to Acquire Businesses, Net of Cash Acquired   (74)  
Net cash provided by investing activities 95 16 (22)
Cash flows from financing activities:      
Net Cash Provided by (Used in) Financing Activities (92) (29) 0
Cash and cash equivalents end of period 1 7 9
Supplemental disclosure of cash flow information      
Income Taxes Paid $ 0 $ 0 $ 1