Radian Group Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS See Notes to Consolidated Financial Statements. 167 (In thousands) Year Ended December 31, 2012 2011 2010 Cash flows from financing activities: Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,335) (1,330) (1,202) Issuance of long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 391,310 Redemption of long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (153,261) (160,000) (29,348) Issuance of common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 525,887 Excess tax benefits from stock based awards . . . . . . . . . . . . . . . . . . . . . . . . . . . — 4 — Net cash (used in) provided by financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . (154,596) (161,326) 886,647 Effect of exchange rate changes on cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11) 1,701 2,501 (Decrease) increase in cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,034) 15,255 (21,240) Cash, beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,589 20,334 41,574 Cash, end of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 31,555 $ 35,589 $ 20,334 Supplemental disclosures of cash flow information: Income taxes paid (received) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,079 $ 1,573 $ (386) Interest paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 38,378 $ 48,643 $ 40,786