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ASSURANT, INC. – 2014 Form10-K F-7
(in thousands)
Years Ended December 31,
2014 2013 2012
Financing activities
Issuance of debt — 698,093 —
Repurchase of debt — (33,634) —
Repayment of debt (467,330) — —
Change in tax benefi t from share-based payment arrangements 14,900 (1,112) 1,728
Acquisition of common stock (215,183) (393,012) (412,196)
Dividends paid (77,495) (74,128) (69,393)
Payment of contingent obligations(3) (31,871) — —
Change in obligation under securities agreements 780 492 (780)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (776,199) 196,699 (480,641)
Effect of exchange rate changes on cash and cash equivalents (28,126) (23,742) (6,483)
Cash included in business classifi ed as held for sale (51,908) — —
Change in cash and cash equivalents (398,528) 807,780 (257,309)
Cash and cash equivalents at beginning of period 1,717,184 909,404 1,166,713
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 1,318,656 $ 1,717,184 $ 909,404
Supplemental information:
Income taxes paid $ 247,771 $ 132,487 $ 289,850
Interest on debt paid $ 68,875 $ 70,741 $ 60,188
(1) 2014 includes the acquisition of StreetLinks, LLC, eMortgage Logic, LLC, CWI Group and other immaterial subsidiaries. 2013 includes the acquisition
of Field Asset Services Group Limited and Lifestyle Services Group Limited. 2012 includes the sale of one immaterial subsidiary.
(2) Relates to the purchase of equity interest in Iké Asistencia.
(3) Relates to the delayed and contingent liability payments established at the time of acquisition of Lifestyle Services Group. Change in amount paid,
in comparison to December 31, 2013 amount disclosed, is mainly due to foreign currency translation.
(4) Represents non-cash items related to estimated receivables introduced by the Affordable Care Act. See the Affordable Care Act Risk Mitigation
Programs section of Note 2 for additional information.
See the accompanying notes to the consolidated financial statements