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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 8 Months Ended 9 Months Ended
Jan. 31, 2015
Sep. 30, 2015
Sep. 30, 2016
Successor      
Cash flows from operating activities      
Net income   $ 187,108 $ 320,762
Adjustments to reconcile net income to net cash provided by operating activities:      
Realized investment (gains) losses   94,189 (31,022)
Amortization of DAC and VOBA   76,713 94,899
Capitalization of DAC   (207,309) (244,252)
Depreciation and amortization expense   35,194 42,520
Deferred income tax   86,315 201,466
Accrued income tax   64,345 (152,402)
Interest credited to universal life and investment products   521,760 532,998
Policy fees assessed on universal life and investment products   (756,276) (935,702)
Change in reinsurance receivables   142,267 101,284
Change in accrued investment income and other receivables   11,103 (44,655)
Change in policy liabilities and other policyholders’ funds of traditional life and health products   (147,891) (159,533)
Trading securities:      
Maturities and principal reductions of investments   90,548 93,397
Sale of investments   107,035 390,412
Cost of investments acquired   (174,455) (438,886)
Other net change in trading securities   66,189 47,879
Amortization of premiums and accretion of discounts on investments and mortgage loans   288,181 308,249
Change in other liabilities   (182,029) 338,199
Other, net   (58,886) (110,243)
Net cash provided by operating activities   244,101 355,370
Cash flows from investing activities      
Maturities and principal reductions of investments, available-for-sale   756,207 984,707
Sale of investments, available-for-sale   1,154,825 1,544,558
Cost of investments acquired, available-for-sale   (2,337,182) (3,962,879)
Change in investments, held-to-maturity   (50,000) (2,185,000)
Mortgage loans:      
New lendings   (1,101,820) (944,025)
Repayments   894,164 648,109
Change in investment real estate, net   (59) 2,905
Change in policy loans, net   45,470 43,425
Change in other long-term investments, net   (79,030) (104,543)
Change in short-term investments, net   22,313 51,960
Net unsettled security transactions   (30,877) 52,292
Purchase of property and equipment   (5,855) (15,607)
Amounts received from reinsurance transaction   0 325,800
Net cash (used in) provided by investing activities   (731,844) (3,558,298)
Cash flows from financing activities      
Borrowings under line of credit arrangements and debt   195,000 220,000
Principal payments on line of credit arrangement and debt   (193,093) (373,074)
Issuance (repayment) of non-recourse funding obligations   50,000 2,098,700
Repurchase program borrowings   405,718 (218,728)
Dividends to shareowner   0 (89,343)
Investment product deposits and change in universal life deposits   1,951,647 3,509,315
Investment product withdrawals   (1,720,926) (1,718,670)
Other financing activities, net   0 0
Net cash provided by (used in) financing activities   688,346 3,428,200
Change in cash   200,603 225,272
Cash at beginning of period   462,710 396,072
Cash at end of period $ 462,710 663,313 $ 621,344
Predecessor      
Cash flows from operating activities      
Net income 1,509    
Adjustments to reconcile net income to net cash provided by operating activities:      
Realized investment (gains) losses 42,602    
Amortization of DAC and VOBA 4,072    
Capitalization of DAC (22,489)    
Depreciation and amortization expense 820    
Deferred income tax 30,791    
Accrued income tax (32,803)    
Interest credited to universal life and investment products 79,088    
Policy fees assessed on universal life and investment products (90,288)    
Change in reinsurance receivables (85,081)    
Change in accrued investment income and other receivables (5,789)    
Change in policy liabilities and other policyholders’ funds of traditional life and health products 176,980    
Trading securities:      
Maturities and principal reductions of investments 17,946    
Sale of investments 26,422    
Cost of investments acquired (27,289)    
Other net change in trading securities (26,901)    
Amortization of premiums and accretion of discounts on investments and mortgage loans 12,930    
Change in other liabilities 238,592    
Other, net (149,889)    
Net cash provided by operating activities 191,223    
Cash flows from investing activities      
Maturities and principal reductions of investments, available-for-sale 59,028    
Sale of investments, available-for-sale 191,062    
Cost of investments acquired, available-for-sale (149,887)    
Change in investments, held-to-maturity 0    
Mortgage loans:      
New lendings (100,530)    
Repayments 45,741    
Change in investment real estate, net 7    
Change in policy loans, net 6,365    
Change in other long-term investments, net (25,339)    
Change in short-term investments, net (40,314)    
Net unsettled security transactions 37,510    
Purchase of property and equipment (649)    
Amounts received from reinsurance transaction 0    
Net cash (used in) provided by investing activities 22,994    
Cash flows from financing activities      
Borrowings under line of credit arrangements and debt 0    
Principal payments on line of credit arrangement and debt (60,000)    
Issuance (repayment) of non-recourse funding obligations 0    
Repurchase program borrowings 0    
Dividends to shareowner 0    
Investment product deposits and change in universal life deposits 169,233    
Investment product withdrawals (240,147)    
Other financing activities, net (4)    
Net cash provided by (used in) financing activities (130,918)    
Change in cash 83,299    
Cash at beginning of period 379,411 $ 462,710  
Cash at end of period $ 462,710