FGL Holdings Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2019 12 months to Dec 31, 2019	FY2018 2 months to Feb 27, 2019	FY2017 1 months to Dec 31, 2017	FY2016 10 months to Dec 31, 2016
Net loss
Cash flows from operating activities:
Net income (loss)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Formation expenses paid by Sponsor
Interest earned on investments and cash equivalents held in Trust Account
Stock based compensation
Amortization
Deferred income taxes
Interest credited/index credits to contractholder account balances
Net recognized (gains) losses on investments and derivatives
Net recognized losses (gains) on investments and derivatives
Charges assessed to contractholders for mortality and administration
Intangibles, net
Gain (Loss) on Extinguishment of Debt
Changes in operating assets and liabilities:
Prepaid expenses
Accounts payable and accrued expenses
Accounts payable - related party
Accrued legal and printer costs
Net cash used in operating activities
Principal deposited in Trust Account
Net cash used in investing activities
Proceeds received from loans to related parties
Proceeds received from issuance of Class B ordinary shares to Anchor Investors
Proceeds received from initial public offering, net of offering costs
Proceeds from private placement
Net cash provided by financing activities
Reinsurance recoverable
Future policy benefits reflected in net income (loss)
Funds withheld for reinsurers
Collateral posted (returned)
Collateral (returned) posted
Other assets and other liabilities

Net cash provided by (used in) operating activities
Cash flows from investing activities:
Proceeds from available-for-sale investments, sold, matured or repaid:
Available-for-sale Securities
Derivative and other
Proceeds from mortgage loans
Cost of available-for-sale investments:
Available-for-sale Securities
Derivative and other
Costs of mortgage loans
Related party loans
Capital expenditures
Payment for Contingent Consideration Liability, Investing Activities
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Treasury stock
Common stock issued under employee plans
Payments of Debt Issuance Costs
Proceeds from (Repayments of) Debt
Retirement and paydown on debt and revolving credit facility
Draw on revolving credit facility
Common stock dividends paid
Warrants Tendered
Contractholder account deposits
Contractholder account withdrawals
Net cash provided by (used in) financing activities
Change in cash & cash equivalents
Cash & cash equivalents, beginning of period
Predecessor
Total cash & cash equivalents, beginning of period
Cash & cash equivalents, end of period
Predecessor
Total cash & cash equivalents, end of period

Formation and offering costs paid by Sponsor in exchange for founder shares
Value of Class A ordinary shares subject to possible redemption
Deferred underwriting commissions in connection with the initial public offering
Deferred placement agent fees in connection with the forward purchase agreement
Offering costs included in accrued legal and printer costs
Supplemental disclosures:
Interest paid
Interest Paid, Excluding Capitalized Interest, Operating Activities
Income taxes (refunded) paid
Deferred sales inducements

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