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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Cash flow from operating activities:    
Net earnings $ 179,962 $ 170,329
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 167,022 158,525
Amortization of deferred policy acquisition costs 10,716 6,549
Change in allowance for losses on trade receivables (89) 26
Change in allowance for inventory reserves 3,005 1,271
Net gain on sale of real and personal property (18,326) (18,964)
Net gain on sale of investments (5,454) (1,546)
Deferred income taxes 94,581 59,628
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (146,365) (34,547)
Inventories 173 (8,809)
Prepaid expenses 2,666 9,784
Capitalization of deferred policy acquisition costs (19,072) (20,584)
Other assets 3,623 40,239
Related party assets (7,362) 1,136
Accounts payable and accrued expenses 7,428 14,687
Policy benefits and losses, claims and loss expenses payable 221,750 84,779
Other policyholders' funds and liabilities (3,345) 804
Deferred income 1,070 903
Related party liabilities (267) 219
Net cash provided by operating activities 491,716 464,429
Purchase of:    
Property, plant and equipment (421,743) (337,510)
Short term investments (167,308) (172,451)
Real estate (5,201) (145)
Mortgage loans (94,111) (20,992)
Proceeds from sale of:    
Property, plant and equipment 139,852 149,351
Short term investments 186,893 213,172
Equity securities 10,210 1,198
Real estate 146 190
Mortgage loans 40,883 8,797
Net cash used by investing activities (377,758) (239,255)
Cash flow from financing activities:    
Borrowings from credit facilities 239,799 306,687
Principal repayments on credit facilities (166,615) (248,884)
Debt issuance costs (1,788) (1,987)
Capital lease payments (5,962) (9,852)
Leveraged Employee Stock Ownership Plan - repayments from loan 827 881
Securitization deposits 40,500 (87,719)
Preferred stock redemption paid (144,289) 0
Preferred stock dividends paid (2,913) (9,336)
Dividend from related party 0 3,303
Contribution to related party (518) 0
Investment contract deposits 10,567 8,503
Investment contract withdrawals (20,479) (25,749)
Net cash used by financing activities (50,871) (64,153)
Effects of exchange rate on cash (306) 179
Increase (decrease) in cash and cash equivalents 62,781 161,200
Cash and cash equivalents at the beginning of period 375,496 244,118
Cash and cash equivalents at the end of the period 438,277 405,318
Fixed maturities investments
   
Purchase of:    
Payments to acquire investments (174,575) (155,242)
Proceeds from sale of:    
Proceeds from sale of acquired investments 116,609 97,015
Equity security investments
   
Purchase of:    
Payments to acquire investments (9,048) (11,247)
Preferred stock investments
   
Purchase of:    
Payments to acquire investments (1,617) (11,391)
Proceeds from sale of:    
Proceeds from sale of acquired investments $ 1,252 $ 0