|
Net income
|
|
$10.0m
|
($61.4m)
|
$2.4m
|
$28.2m
|
$78.3m
|
$149.2m
|
|
Depreciation and amortization
|
|
$11.8m
|
$22.1m
|
$33.9m
|
$45.8m
|
$38.9m
|
$37.5m
|
|
(Accretion) amortization of discount and premium, net
|
|
—
|
—
|
$196k
|
$34k
|
($3.4m)
|
($4.1m)
|
|
Provision for deferred taxes
|
|
$1.5m
|
$3.0m
|
$3.0m
|
$2.9m
|
$2.9m
|
($34.5m)
|
|
Share-based compensation expense
|
|
—
|
$0
|
$12.1m
|
$18.0m
|
$17.4m
|
$18.9m
|
|
Funding of employee tax obligations upon vesting of share-based payments
|
|
—
|
—
|
$0
|
$0
|
($5.8m)
|
($3.9m)
|
|
Loss on disposals of equipment, software and other assets
|
|
$2.6m
|
$2.4m
|
$4.3m
|
$1.9m
|
$500k
|
$1.9m
|
|
Loss (gain) related to warrant liabilities, net
|
|
—
|
—
|
($41.9m)
|
($11.5m)
|
$8.5m
|
$0
|
|
Change in TRA Liability
|
|
—
|
—
|
—
|
($2.6m)
|
$1.6m
|
$32.2m
|
|
Non-cash lease expense
|
|
—
|
$0
|
$10.9m
|
$11.7m
|
$8.1m
|
$8.9m
|
|
Net investment gains
|
|
—
|
—
|
$0
|
$0
|
($2.2m)
|
($3.1m)
|
|
Other
|
|
$758k
|
$155k
|
$533k
|
($1.5m)
|
$5.3m
|
$1.3m
|
|
Accounts, premiums and commissions receivable
|
|
—
|
($39.1m)
|
($52.0m)
|
($69.9m)
|
$26.5m
|
($62.6m)
|
|
Deferred acquisition costs, net
|
|
($11.8m)
|
($23.0m)
|
($25.8m)
|
($34.3m)
|
($14.8m)
|
($22.8m)
|
|
Reinsurance recoverables
|
|
—
|
—
|
—
|
($1.3m)
|
($9.1m)
|
($3.4m)
|
|
Prepaid reinsurance premiums
|
|
—
|
—
|
—
|
($10.4m)
|
($8.0m)
|
($3.4m)
|
|
Advance premiums and due to insurers
|
|
—
|
—
|
$13.7m
|
$14.9m
|
$8.4m
|
$14.2m
|
|
Losses payable and provision for unpaid losses and loss adjustment expenses
|
|
$5.2m
|
$12.5m
|
$21.0m
|
$6.5m
|
$36.4m
|
($3.0m)
|
|
Increase (Decrease) in Liability for Claims and Claims Adjustment Expense Reserve
|
|
$22.4m
|
$19.9m
|
$36.9m
|
$24.8m
|
$32.0m
|
$359k
|
|
Unearned premiums
|
|
$25.6m
|
$50.5m
|
$60.3m
|
$81.8m
|
$40.3m
|
$54.5m
|
|
Ceding commissions payable
|
|
—
|
—
|
—
|
$31.7m
|
($31.4m)
|
$8.8m
|
|
Other assets and liabilities, net
|
|
—
|
($13.3m)
|
($2.2m)
|
($10.0m)
|
($65.6m)
|
$28.0m
|
|
Issuance of notes receivable
|
|
—
|
$0
|
($6.1m)
|
($24.9m)
|
($65.8m)
|
($74.7m)
|
|
Collection of notes receivable
|
|
—
|
$0
|
$370k
|
$10.4m
|
$59.8m
|
$37.7m
|
|
Purchases of fixed maturity securities
|
|
$0
|
($12.2m)
|
($4.2m)
|
($10.6m)
|
($669.5m)
|
($333.1m)
|
|
Purchases of equity securities
|
|
—
|
—
|
$0
|
$0
|
($10.9m)
|
($21.9m)
|
|
Proceeds from maturities of fixed maturity securities
|
|
$0
|
$1.2m
|
$1.2m
|
$7.5m
|
$48.4m
|
$229.9m
|
|
Proceeds from Issuance of Preferred Stock and Preference Stock
|
|
—
|
$0
|
$0
|
$79.2m
|
$0
|
$0
|
|
Funding of TRA Liability payments
|
|
—
|
—
|
—
|
$0
|
$0
|
($223k)
|
|
Net Cash Provided by Operating Activities
|
|
$84.6m
|
$42.3m
|
$55.3m
|
$133.7m
|
$177.0m
|
$219.0m
|
|
Capital expenditures
|
|
($38.3m)
|
($43.4m)
|
($44.4m)
|
($26.4m)
|
($21.3m)
|
($24.5m)
|
|
Acquisitions, net of cash acquired, and other investments
|
|
($8.9m)
|
($14.6m)
|
($15.4m)
|
($8.7m)
|
($25.1m)
|
($1.6m)
|
|
Other investing activities
|
|
($255k)
|
$48k
|
($721k)
|
$121k
|
$979k
|
$3.0m
|
|
Net Cash Used in Investing Activities
|
|
($47.4m)
|
($69.0m)
|
($91.5m)
|
($52.6m)
|
($618.6m)
|
($185.2m)
|
|
Proceeds from long-term debt, net of issuance costs
|
|
$73.0m
|
$110.0m
|
$94.4m
|
$161.5m
|
$62.0m
|
$257.2m
|
|
Payments on long-term debt
|
|
($29.1m)
|
($42.5m)
|
($122.5m)
|
($139.8m)
|
($90.8m)
|
($187.9m)
|
|
Payment of Series A Convertible Preferred Stock dividends
|
|
—
|
—
|
$0
|
$0
|
($5.6m)
|
($5.6m)
|
|
Other financing activities
|
|
—
|
—
|
$49k
|
$2.3m
|
$0
|
$552k
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
$39.9m
|
$332.1m
|
($28.1m)
|
$103.2m
|
($46.9m)
|
$29.9m
|
|
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents
|
|
$885k
|
($464k)
|
($504k)
|
$865k
|
($3.0m)
|
$2.4m
|
|
Change in cash and cash equivalents and restricted cash and cash equivalents
|
|
$78.0m
|
$304.9m
|
($64.8m)
|
$185.1m
|
($491.4m)
|
$66.2m
|
|
Beginning cash and cash equivalents and restricted cash and cash equivalents
|
|
$299.1m
|
$604.0m
|
$539.2m
|
$724.3m
|
$232.8m
|
$299.0m
|
|
Distributions paid to non-controlling interest unit holders
|
|
—
|
—
|
$0
|
$0
|
($6.7m)
|
($30.3m)
|