Component: (Network and Table)
Network
00500 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.universalamerican.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001514128 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
Operating activities:
 
 
 
Net income (loss)
55,376,000  
(163,969,000) 
(29,467,000) 
Income (loss) from discontinued operations
(61,666,000) 
160,273,000  
2,859,000  
Loss from continuing operations
(6,290,000) 
(3,696,000) 
(26,608,000) 
Adjustments to reconcile net income loss to cash (used for) provided by operating activities:
 
 
 
Deferred income taxes
14,397,000  
(16,049,000) 
(8,681,000) 
Net realized gains on investments
(1,429,000) 
(38,834,000) 
(1,999,000) 
Realized (gain) loss on sale of business
 
(120,000) 
2,648,000  
Amortization of intangible assets
933,000  
2,110,000  
2,600,000  
Amortization of debt issuance costs
597,000  
2,791,000  
1,752,000  
Amortization of debt discount on convertible notes
2,127,000  
  
Net amortization of bond premium
1,377,000  
1,724,000  
2,017,000  
Depreciation expense
2,774,000  
3,256,000  
4,669,000  
Stock based compensation expense
6,788,000  
9,300,000  
9,213,000  
Changes in operating assets and liabilities:
 
 
 
Policy and contract claims
(4,078,000) 
(7,860,000) 
(21,965,000) 
Reinsurance recoverables
(686,000) 
916,000  
466,000  
Due and unpaid/advance premiums
(14,730,000) 
(4,011,000) 
19,665,000  
Net amounts payable to discontinued operations
11,025,000  
72,314,000  
21,090,000  
Income taxes receivable
(6,960,000) 
23,584,000  
14,050,000  
Other healthcare receivables
14,308,000  
(1,932,000) 
 
Other, net
1,106,000  
(25,866,000) 
(8,972,000) 
Cash provided by operating activities of continuing operations
21,259,000  
 
17,627,000  
 
9,945,000  
 
Cash (used for) provided by operating activities of discontinued operations
(14,713,000) 
(53,672,000) 
7,210,000  
Cash provided by (used for) operating activities
6,546,000  
 
(36,045,000) 
 
17,155,000  
 
Investing activities:
 
 
 
Proceeds from sale, maturity, call, paydown or redemption of fixed maturity investments
80,867,000  
139,722,000  
134,559,000  
Cost of fixed maturity investments acquired
(101,025,000) 
(96,041,000) 
(92,786,000) 
Change in short-term investments
 
5,496,000  
(5,496,000) 
Proceeds of sale of cost method investments
 
36,300,000  
 
Sale of business, net of cash sold
 
120,000  
12,882,000  
Purchase of fixed assets
(700,000) 
(7,198,000) 
(1,659,000) 
Other investing activities
2,391,000  
(343,000) 
(244,000) 
Cash (used for) provided by investing activities of continuing operations
(18,467,000) 
 
78,056,000  
 
47,256,000  
 
Cash provided by investing activities of discontinued operations
83,651,000  
73,160,000  
32,493,000  
Cash provided by investing activities
65,184,000  
 
151,216,000  
 
79,749,000  
 
Financing activities:
 
 
 
Net proceeds from issuance of common and preferred stock, net of tax effect
(2,187,000) 
95,000  
(994,000) 
Share buyback/cancellation
(151,271,000) 
 
(36,180,000) 
Dividends paid to stockholders
861,000  
(62,630,000) 
(1,320,000) 
Principal payment on loan payable
 
(103,447,000) 
 
Proceeds from the issuance of convertible senior notes
115,000,000  
  
Payment of issue costs - convertible senior notes
(4,877,000) 
  
Distributions from discontinued operations
73,598,000  
46,469,000  
(2,217,000) 
Cash provided by (used for) financing activities of continuing operations
31,124,000  
 
(119,513,000) 
 
(40,711,000) 
 
Cash used for financing activities of discontinued operations
(73,598,000) 
(46,469,000) 
2,217,000  
Cash used for financing activities
(42,474,000) 
 
(165,982,000) 
 
(38,494,000) 
 
Net increase (decrease) in cash and cash equivalents
29,256,000  
 
(50,811,000) 
 
58,410,000  
 
Less: decrease (increase) in cash and cash equivalents from discontinued operations
4,660,000  
26,981,000  
(41,920,000) 
Net increase (decrease) in cash and cash equivalents from continuing operations
33,916,000  
(23,830,000) 
16,490,000  
Cash and cash equivalents of continuing operations at beginning of period
70,546,000  
94,376,000  
77,886,000  
Cash and cash equivalents of continuing operations at end of period
104,462,000  
 
70,546,000  
 
94,376,000  
 
Supplemental Cash Flow Information:
 
 
 
Interest payments
5,547,000  
4,748,000  
6,229,000  
Cash paid (received) for income taxes
8,352,000  
(17,922,000) 
(357,000)