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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income (loss) $ 26,172 $ (4,869)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Income from discontinued operations, net of taxes (217) (2,281)
Equity in net loss (income) of limited liability investments 33 (287)
Depreciation and amortization expense 2,974 3,023
Stock-based compensation expense 567 628
Net realized gains (333) (238)
(Gain) loss on change in fair value of equity investments (2,782) 48
Loss (gain) on change in fair value of limited liability investments, at fair value 126 (173)
Loss on change in fair value of debt 30 3,198
Loss (gain) on change in fair value of derivatives 1,488 (276)
Loss on change in fair value of contingent consideration 65 1,502
Deferred income taxes 112 (693)
Impairment losses 95 (0)
Amortization of fixed maturities premiums and discounts 19 141
Gain on extinguishment of debt (31,616) 0
Changes in operating assets and liabilities:    
Service fee receivable, net 233 (1,828)
Other receivables, net 1,655 1,780
Deferred contract costs (535) (1,687)
Other assets 483 (188)
Deferred service fees 120 2,104
Other, net (7,268) 4,416
Cash (used in) provided by operating activities - continuing operations (8,579) 4,320
Cash provided by operating activities - discontinued operations 280 1,926
Net cash (used in) provided by operating activities (8,299) 6,246
Investing activities:    
Proceeds from sales and maturities of fixed maturities 4,121 4,906
Purchases of fixed maturities (2,596) (8,111)
Net proceeds from limited liability investments 154 973
Net proceeds from limited liability investments, at fair value 13,461 211
Net proceeds from investments in private companies 0 62
Net proceeds from other investments and short-term investments 13 34
Acquisition of business, net of cash acquired 0 (83)
Net purchases of property and equipment (14) (177)
Cash provided by (used in) investing activities - continuing operations 15,139 (2,185)
Cash used in investing activities - discontinued operations (11) 0
Net cash provided by (used in) investing activities 15,128 (2,185)
Financing activities:    
Proceeds from exercise of warrants 6,560 0
Cash paid for repurchase of warrants (1,633) 0
Cash paid for repurchase of common stock (51) 0
Distributions to noncontrolling interest holders (3,584) (697)
Principal payments on bank loans (4,827) (3,952)
Purchase of subordinated debt (56,452) 0
Payment of debt issuance costs (25) 0
Principal payments on notes payable 0 (245)
Cash used in financing activities - continuing operations (60,012) (4,894)
Cash used in financing activities - discontinued operations (303) (2,870)
Net cash used in financing activities (60,315) (7,764)
Net decrease in cash and cash equivalents and restricted cash from continuing operations (53,452) (2,759)
Cash and cash equivalents and restricted cash at beginning of period 77,802 29,899
Less: cash and cash equivalents and restricted cash of discontinued operations 570 2,558
Cash and cash equivalents and restricted cash of continuing operations at beginning of period 77,232 27,341
Cash and cash equivalents and restricted cash of continuing operations at end of period $ 23,780 $ 24,582