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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flow from operating activities:    
Net earnings $ 354,664 $ 280,721
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 192,865 172,617
Amortization of deferred policy acquisition costs 10,421 8,474
Change in allowance for losses on trade receivables (9) (219)
Change in allowance for inventory reserves (603) (960)
Net gain on sale of real and personal property (78,805) (44,500)
Net (gain) loss on sale of investments (3,022) (2,788)
Deferred income tax 27,259 23,212
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables 13,618 13,396
Inventories (2,107) (1,260)
Prepaid expenses 71,813 14,012
Capitalization of deferred policy acquisition costs (15,636) (13,728)
Other assets 18,306 (7,885)
Related party assets 57,767 2,170
Accounts payable and accrued expenses 59,525 36,410
Policy benefits and losses, claims and loss expenses payable 11,702 (3,918)
Other policyholders' funds and liabilities 2,684 1,156
Deferred income 2,339 1,962
Related party liabilities (97) 375
Net cash provided by operating activities 722,684 479,247
Cash flow from investing activities:    
Property, plant and equipment (720,265) (599,351)
Short term investments (249,082) (130,294)
Fixed maturities investments (169,899) (114,112)
Equity securities (1,315) (3,707)
Preferred stock (3) (3)
Real estate (23) (11,312)
Mortgage loans (86,361) (21,189)
Proceeds from sale of:    
Property, plant and equipment 379,198 260,659
Short term investments 243,634 130,326
Fixed maturities investments 89,085 48,955
Equity securities $ 808 3,030
Preferred stock 1,000
Real estate 401
Mortgage loans $ 29,895 18,623
Net cash used by investing activities (484,328) (416,974)
Cash flow from financing activities:    
Borrowings from credit facilities 461,735 506,792
Principal repayments on credit facilities (187,958) (208,101)
Debt issuance costs (5,957) (9,847)
Capital lease payments (77,786) (40,694)
Employee Stock Ownership Plan (1,484) $ (124)
Securitization deposits 298
Common stock dividends paid (19,594)
Investment contract deposits 150,704 $ 71,571
Investment contract withdrawals (25,974) (24,075)
Net cash provided by (used in) financing activities 293,984 295,522
Effects of exchange rate on cash (12,543) (3,761)
Increase (decrease) in cash and cash equivalents 519,797 354,034
Cash and cash equivalents at the beginning of period 441,850 495,112
Cash and cash equivalents at the end of the period $ 961,647 $ 849,146