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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended 18 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2016
Dec. 31, 2015
Proceeds From Issuance of Tier II Notes                 $ 240,000        
Cash flows from operating activities:                          
Net income (loss) attributable to common stockholders $ (20,459) $ (103,845) $ 4,313 $ 305,704 $ (19,479) $ (190,905) $ 7,110 $ (125,441) 185,713 $ (328,715) $ 74,843    
Net (loss) gain                 0 0 526    
AMPS Exchange Loss Based on Carry Value                 81,686        
Net income (loss) (20,459) (22,159) 4,313 305,704 (19,479) (190,905) 7,110 (125,441) 267,399 (328,715) 74,317    
Adjustments to reconcile net income to net cash used in operating activities:                          
Depreciation and amortization                 699 992 1,220    
Amortization of bond premium and discount                 (136,772) (182,997) (150,061)    
Share-based compensation                 11,854 4,293 5,253    
Deferred income taxes                 6,572 31,939 (485)    
Current income taxes                 (35,498) (26,272) 9,727    
Unearned premiums, net                 (162,542) (168,208) (289,140)    
Losses and loss expenses, net                 (1,633,203) 399,982 853,978    
Ceded premiums payable                 (4,963) (4,653) (10,965)    
Investment income due and accrued                 4,967 9,425 (750)    
Premium receivables                 91,300 76,900 172,331    
Accrued interest payable                 9,168 49,969 66,439    
Amortization of insurance intangible assets 28,982 26,421 23,242 28,636 34,168 45,690 33,471 37,525 107,281 150,854 174,608    
Net mark-to-market (gains) losses                 893 (14,783) (19,194)    
Net realized investment gains (29,413) (30,201) (47,148) (4,862) 68 (6,150) (4,180) 4,896 (111,624) (5,366) (39,284)    
Other-than-temporary impairment charges                 3,238 20,171 21,819    
Net realized gains (losses) on extinguishment of debt 0 0 (6) (3,115) 0 0 (2,179) (2,741) (3,121) (4,920) (4,845)    
Other, net                 62,013 13,036 (41,130)    
Net cash used in operating activities                 (1,543,263) (221,270) 830,306    
Cash flows from investing activities:                          
Proceeds from sales of bonds                 1,247,506 2,138,936 867,882    
Proceeds from matured bonds                 431,736 813,990 1,317,215    
Purchases of bonds                 (528,156) (2,053,693) (2,574,285)    
Proceeds from sales of other invested assets                 158,846 349,799 131,703    
Purchases of other invested assets                 (140,338) (299,424) (281,570)    
Change in short-term investments                 126,742 (126,891) (206,002)    
Change in cash collateral receivable                 (57,736) 122,844 27,372    
Proceeds From Financial Guaranty Variable Interest Entity Assets                 348,873 234,670 261,556    
Other, net                 383 (16,792) 3,042    
Net cash provided by (used in) investing activities                 1,587,856 1,163,439 (453,087)    
Cash flows from financing activities:                          
Proceeds from Sale of Senior Surplus Notes                 24,190        
Paydown Of Variable Interest Entity Secured Borrowing                 73,993 28,992 29,482    
Payments From Drawdowns Of Borrowings Under Guaranteed Investment Agreements                 0 82,358 17,964    
Payments for extinguishment of surplus notes                 (191,258) (69,499) (19,550)    
Payments of Debt Issuance Costs                 (9,221)        
AMPS Exchange Cash Paid                 (11,048)        
Payments Related to Tax Withholding for Share-based Compensation                 (1,116) (1,268) 0    
Proceeds from Warrant Exercises                 3 0 2    
Payments for Repurchase of Warrants                     (2,717) $ (8,092)  
Paydown of Financial Guaranty Variable Interest Entity Liabilities                 (348,873) (230,063) (249,271)    
Net Cash Provided by (Used in) Financing Activities                 (585,378) (412,180) (318,982)    
Effect of Exchange Rate on Cash and Cash Equivalents                 (403) (1,206) (3,905)    
Cash and Cash Equivalents, Period Increase (Decrease)                 (541,188) 528,783 54,332    
Cash and cash equivalents end of period 63,089       623,703       63,089 623,703 91,025 91,025  
Supplemental disclosure of cash flow information                          
Income Taxes Paid                 34,980 40,334 21,437    
Cash payments related to reorganization items:                          
Variable interest entity activities (454) $ (1,831) $ (577) $ (574) (21,237) $ 4,049 $ 1,219 $ (3,701) (3,436) (19,670) 14,093    
Increase (Decrease) in Derivative Assets and Liabilities                 (17,488) (223,247) (7,625)    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 83,493       624,681       83,493 624,681 95,898 95,898 $ 41,566
Ambac Financial Group, Inc Parent Company Only [Member]                          
Cash flows from operating activities:                          
Net income (loss) attributable to common stockholders                 185,713 (328,715) 74,843    
Net income (loss)                 185,713 (328,715) 74,843    
Adjustments to reconcile net income to net cash used in operating activities:                          
Amortization of bond premium and discount                 (7,284) (16,724) (7,208)    
Share-based compensation                 11,854 4,293 5,253    
Current income taxes                 (14,776) (854) 42,126    
Investment income due and accrued                 (491) (57) (149)    
Net realized investment gains                 933 6,575 7    
Other, net                 247 (9,960) 5,814    
Net cash used in operating activities                 31,638 15,780 77,228    
Cash flows from investing activities:                          
Proceeds from matured bonds                 230,448 186,747 269,459    
Purchases of bonds                 (136,534) (195,853) (279,582)    
Change in short-term investments                 (123,465) (2,961) (18,491)    
Net cash provided by (used in) investing activities                 (20,648) (44,082) (42,287)    
Cash flows from financing activities:                          
AMPS Exchange Cash Paid                 (11,048)        
Proceeds from Warrant Exercises                 3 0 2    
Payments for Repurchase of Warrants                 0 0 2,717    
Net Cash Provided by (Used in) Financing Activities                 3 0 (2,715)    
Cash and Cash Equivalents, Period Increase (Decrease)                 10,993 (28,302) 32,226    
Cash and cash equivalents end of period $ 14,942       $ 3,949       14,942 3,949 32,251 $ 32,251  
Supplemental disclosure of cash flow information                          
Income Taxes Paid                 $ 3,674 $ 784 $ 635