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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 5 Months Ended 6 Months Ended
Jan. 31, 2015
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities      
Net income   $ 126,701  
Adjustments to reconcile net income to net cash provided by operating activities:      
Realized investment (gains) losses   14,883  
Amortization of DAC and VOBA   67,991  
Capitalization of deferred policy acquisition costs   (130,347)  
Depreciation and amortization expense   20,922  
Deferred income tax   16,056  
Accrued income tax   117,041  
Interest credited to universal life and investment products   422,093  
Policy fees assessed on universal life and investment products   (491,769)  
Change in reinsurance receivables   110,125  
Change in accrued investment income and other receivables   15,831  
Change in policy liabilities and other policyholders' funds of traditional life and health products   (153,073)  
Trading securities:      
Maturities and principal reductions of investments   40,104  
Sale of investments   78,302  
Cost of investments acquired   (135,770)  
Other net change in trading securities   83,770  
Amortization of premiums and accretion of discounts on investments and mortgage loans   177,658  
Change in other liabilities   (228,189)  
Other, net   (27,763)  
Net cash provided by operating activities   124,566  
Cash flows from investing activities      
Maturities and principal reductions of investments, available-for-sale   202,371  
Sale of investments, available-for-sale   2,051,567  
Cost of investments acquired, available-for-sale   (2,593,859)  
Change in investments, held-to-maturity   (35,000)  
Mortgage loans:      
New lendings   (637,908)  
Repayments   510,580  
Change in investment real estate, net   52  
Change in policy loans, net   32,008  
Change in other long-term investments, net   (154,537)  
Change in short-term investments, net   34,946  
Net unsettled security transactions   (46,266)  
Purchase of property and equipment   (2,444)  
Net cash (used in) provided by investing activities   (638,490)  
Cash flows from financing activities      
Borrowings under line of credit arrangements and debt   155,000  
Principal payments on line of credit arrangement and debt   (119,399)  
Issuance (repayment) of non-recourse funding obligations   35,000  
Repurchase program borrowings   552,213  
Investment product deposits and change in universal life deposits   1,222,581  
Investment product withdrawals   (1,225,576)  
Other financing activities, net   171  
Net cash provided by (used in) financing activities   619,990  
Change in cash   106,066  
Cash at beginning of period   462,710  
Cash at end of period $ 462,710 568,776  
Predecessor      
Cash flows from operating activities      
Net income 1,509   $ 191,616
Adjustments to reconcile net income to net cash provided by operating activities:      
Realized investment (gains) losses 42,602   46,065
Amortization of DAC and VOBA 4,072   107,113
Capitalization of deferred policy acquisition costs (22,489)   (136,561)
Depreciation and amortization expense 820   3,757
Deferred income tax 30,791   (30,728)
Accrued income tax (32,803)   91,410
Interest credited to universal life and investment products 79,088   422,306
Policy fees assessed on universal life and investment products (90,288)   (481,402)
Change in reinsurance receivables (85,081)   42,403
Change in accrued investment income and other receivables (5,789)   (16,821)
Change in policy liabilities and other policyholders' funds of traditional life and health products 176,980   83,825
Trading securities:      
Maturities and principal reductions of investments 17,946   47,888
Sale of investments 26,422   112,473
Cost of investments acquired (27,289)   (75,742)
Other net change in trading securities (26,901)   (52,325)
Amortization of premiums and accretion of discounts on investments and mortgage loans 12,930   55,985
Change in other liabilities 238,592   104,961
Other income - gains on repurchase of non-recourse funding obligations     (4,587)
Other, net (149,889)   (88,146)
Net cash provided by operating activities 191,223   423,490
Cash flows from investing activities      
Maturities and principal reductions of investments, available-for-sale 59,028   656,492
Sale of investments, available-for-sale 191,062   768,785
Cost of investments acquired, available-for-sale (149,887)   (2,071,692)
Change in investments, held-to-maturity     (35,000)
Mortgage loans:      
New lendings (100,530)   (351,505)
Repayments 45,741   547,698
Change in investment real estate, net 7   1,256
Change in policy loans, net 6,365   37,365
Change in other long-term investments, net (25,339)   (73,387)
Change in short-term investments, net (40,314)   (35,799)
Net unsettled security transactions 37,510   47,933
Purchase of property and equipment (649)   (4,776)
Payments for business acquisitions     (906)
Net cash (used in) provided by investing activities 22,994   (513,536)
Cash flows from financing activities      
Borrowings under line of credit arrangements and debt     90,000
Principal payments on line of credit arrangement and debt (60,000)   (230,000)
Issuance (repayment) of non-recourse funding obligations     16,630
Repurchase program borrowings     70,490
Dividends to shareowners     (34,649)
Investment product deposits and change in universal life deposits 169,233   1,304,549
Investment product withdrawals (240,147)   (1,232,428)
Other financing activities, net (4)    
Net cash provided by (used in) financing activities (130,918)   (15,408)
Change in cash 83,299   (105,454)
Cash at beginning of period 379,411 $ 462,710 466,542
Cash at end of period $ 462,710   $ 361,088