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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 485,242 $ 382,724
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for policy losses and other claims 331,525 336,395
Depreciation and amortization 97,537 92,534
Amortization of premiums and accretion of discounts on debt securities, net 18,646 20,521
Net realized investment gains (42,564) (10,975)
Share-based compensation 34,911 34,376
Equity in earnings of equity method investments, net (1,802) (2,255)
Dividends from equity method investments 4,077 3,419
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:    
Claims paid, including assets acquired, net of recoveries (305,174) (333,970)
Net change in income tax accounts 17,523 12,301
Increase in accounts and accrued income receivable (52,757) (51,150)
Increase (decrease) in accounts payable and accrued liabilities 10,686 (11,806)
Increase in deferred revenue 19,484 14,678
Other, net (5,653) (1,931)
Cash provided by operating activities 611,681 484,861
Cash flows from investing activities:    
Net cash effect of acquisitions/dispositions (19,674) (73,757)
Net (increase) decrease in deposits with banks (3,749) 2,462
Purchases of debt and equity securities (1,611,934) (1,924,260)
Proceeds from sales of debt and equity securities 979,019 660,548
Proceeds from maturities of debt securities 666,749 429,287
Net increase in other investments (81,707) (6,612)
Advances under secured financing agreements (5,311,828) (1,537,657)
Collections of secured financings receivable 5,036,122 1,520,911
Capital expenditures (78,158) (87,319)
Proceeds from sales of property and equipment 105 1,670
Cash used for investing activities (425,055) (1,014,727)
Cash flows from financing activities:    
Net change in deposits 54,545 1,478,069
Borrowings under secured financing agreements 5,195,063 1,537,593
Repayments of secured financings payable (5,037,893) (1,520,855)
Borrowings under unsecured credit agreement 160,000 0
Repayments of notes and contracts payable (164,280) (4,111)
Net activity related to noncontrolling interests (1,112) (945)
Net payments in connection with share-based compensation (4,859) (6,673)
Purchase of Company shares (2,066) 0
Payments of cash dividends (141,244) (131,629)
Cash provided by financing activities 58,154 1,351,449
Effect of exchange rate changes on cash (910) (3,490)
Net increase in cash and cash equivalents 243,870 818,093
Cash and cash equivalents—Beginning of period 1,467,129 1,387,226
Cash and cash equivalents—End of period 1,710,999 2,205,319
Supplemental information:    
Interest 34,053 28,030
Premium taxes 55,229 56,396
Income taxes, less refunds of $930 and $1,047 $ 113,723 $ 95,041