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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2010
Cash flow from operating activities:      
Net earnings $ 205,367 $ 183,575 $ 65,623
Adjustments to reconcile net earnings to cash provided by operations:      
Depreciation 229,789 212,324 229,589
Amortization of deferred policy acquisition costs 13,791 9,494 7,569
Change in allowance for losses on trade receivables (208) 28 (163)
Change in allowance for losses on mortgage notes 0 0 (6)
Change in allowance for inventory reserves 1,382 (674) 1,153
Net gain on sale of real and personal property (20,888) (23,058) (1,960)
Net gain on sale of investments (5,579) (1,135) 332
Deferred income taxes 104,360 80,898 15,497
Net change in other operating assets and liabilities:      
Reinsurance recoverables and trade receivables (77,115) (5,966) 18,112
Inventories (173) (6,431) 16,759
Prepaid expenses 15,748 (4,244) 822
Capitalization of deferred policy acquisition costs (23,166) (25,239) (13,934)
Other assets 5,992 28,715 34,626
Related party assets (24,684) (87) 2,369
Accounts payable and accrued expenses 19,469 12,547 (3,096)
Policy benefits and losses, claims and loss expenses payable 212,330 109,334 33,371
Other policyholders' funds and liabilities (1,458) 566 (3,811)
Deferred income 4,367 1,967 396
Related party liabilities 5,281 249 (727)
Net cash provided by operating activities 664,605 572,863 402,521
Purchase of:      
Property, plant and equipment (589,799) (480,418) (259,491)
Short term investments (286,385) (260,766) (322,666)
Equity securities (9,048) (11,550) (17,815)
Real estate (7,829) (193) (2,310)
Mortgage loans (127,163) (38,558) (1,501)
Other investments 0 (2,000) 0
Proceeds from sale of:      
Property, plant and equipment 168,912 180,411 142,869
Short term investments 300,831 310,195 319,258
Equity securities 10,222 1,198 0
Real estate 440 1,925 771
Mortgage loans 54,840 15,156 6,107
Net cash used by investing activities (576,962) (380,988) (117,978)
Cash flow from financing activities:      
Borrowings from credit facilities 237,780 321,862 72,153
Principal repayments on credit facilities (201,888) (288,882) (301,966)
Debt issuance costs (2,004) (1,987) (2,345)
Capital lease payments (8,328) (11,522) (4,057)
Leveraged Employee Stock Ownership Plan - repayments from loan 984 1,172 1,111
Securitization deposits 42,088 (46,031) 0
Preferred stock redemption paid (144,289) 0 0
Preferred stock dividends paid (2,913) (12,412) (12,856)
Common stock dividends paid (19,484) 0 0
Contribution to related party (518) 0 0
Investment contract deposits 13,854 11,580 12,856
Investment contract withdrawals (28,027) (34,548) (48,552)
Net cash used by financing activities (112,745) (60,768) (283,656)
Effects of exchange rate on cash (294) 271 2,644
Increase (decrease) in cash and cash equivalents (25,396) 131,378 3,531
Cash and cash equivalents at the beginning of period 375,496 244,118 240,587
Cash and cash equivalents at the end of the period 350,100 375,496 244,118
Fixed maturities investments
     
Purchase of:      
Payments to acquire investments (220,104) (215,931) (149,746)
Proceeds from sale of:      
Proceeds from sale of acquired investments 128,486 131,981 163,654
Preferred stock investments
     
Purchase of:      
Payments to acquire investments (2,717) (14,352) (2,185)
Proceeds from sale of:      
Proceeds from sale of acquired investments $ 2,352 $ 1,914 $ 5,077