Assurant 2015 Annual Report Download - page 93

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ASSURANT, INC. – 2015 Form 10-K F-7
(in thousands)
Years Ended December 31,
2015 2014 2013
Financing activities
Issuance of debt — — 698,093
Repurchase of debt — — (33,634)
Repayment of debt —(467,330) —
Change in tax benet from share-based payment arrangements (4,067)14,900 (1,112)
Acquisition of common stock (292,906)(215,183)(393,012)
Dividends paid (94,168)(77,495)(74,128)
Payment of contingent obligations(3) —(31,871) —
Change in obligation under securities agreements (95,986)780 492
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (487,127) (776,199) 196,699
Effect of exchange rate changes on cash and cash equivalents (56,231)(28,126)(23,742)
Cash included in business classied as held for sale (5,858)(51,908) —
Change in cash and cash equivalents (30,351)(398,528)807,780
Cash and cash equivalents at beginning of period 1,318,656 1,717,184 909,404
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 1,288,305 $ 1,318,656 $ 1,717,184
Supplemental information:
Income taxes paid $ 80,140 $ 247,771 $ 132,487
Interest on debt paid $ 54,813 $ 68,875 $ 70,741
(1) 2015 includes the sale of American Reliable Insurance Co. and certain assets related to our vehicle title administration services business and
supplemental and small group self-funded businesses; the acquisition of Coast to Coast Services, Inc. and Rent Collect Global. 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.
(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