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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Cash flow from operating activities:      
Net earnings $ 489,001 $ 356,741 $ 342,391
Adjustments to reconcile net earnings to cash provided by operations:      
Depreciation 389,393 352,796 293,169
Amortization of deferred policy acquisition costs 23,272 19,661 19,982
Interest credited to policy holders 20,465 18,110 22,890
Change in allowance for losses on trade receivables (205) (168) (36)
Change in allowance for inventory reserves (1,343) (872) 871
Net gain on sale of real and personal property (98,703) (74,631) (33,557)
Net gain (loss) on sale of investments (4,491) (3,925) (6,411)
Deferred income taxes 138,075 76,500 46,371
Net change in other operating assets and liabilities:      
Reinsurance recoverables and trade receivables 14,765 9,632 62,506
Inventories (9,009) (1,579) (11,495)
Prepaid expenses (10,338) (65,720) 2,186
Capitalization of deferred policy acquisition costs (32,590) (27,084) (32,611)
Other assets 15,322 3,735 7,667
Related party assets 56,644 27,706 7,554
Accounts payable and accrued expenses 37,387 98,877 36,365
Policy benefits and losses, claims and loss expenses payable 9,626 (17,621) (30,496)
Other policyholders' funds and liabilities (349) 988 631
Deferred income 4,757 (13,181) 1,259
Related party liabilities (616) (866) 4,730
Net cash provided by operating activities 1,041,063 759,099 733,966
Cash flow from investing activities:      
Property, plant and equipment (1,509,154) (1,041,931) (1,000,243)
Short term investments (515,899) (290,379) (270,690)
Fixed maturities investments (417,062) (214,371) (282,424)
Equity securities (1,315) (3,759) (1,562)
Preferred stock (1,005) (2,006) (640)
Real estate (75) (15,399) (532)
Mortgage loans (102,588) (42,683) (52,419)
Proceeds from sale and paydowns of:      
Property, plant and equipment 539,256 411,629 270,053
Short term investments 528,180 287,883 269,052
Fixed maturities investments 154,536 107,867 138,401
Equity securities 2,044 3,082 29,139
Preferred stock $ 1,126 2,427 6,004
Real estate 396 544
Mortgage loans $ 48,557 41,983 48,686
Net cash used by investing activities (1,273,399) (755,261) (846,631)
Cash flow from financing activities:      
Borrowings from credit facilities 855,972 657,535 431,029
Principal repayments on credit facilities (428,403) (593,722) (293,068)
Debt issuance costs (10,184) (12,327) (3,943)
Capital lease payments (168,661) (121,202) (53,079)
Employee stock ownership plan (9,302) $ (7,939) $ (207)
Securitization deposits 544
Common stock dividends paid (78,374) $ (19,594) $ (19,568)
Investment contract deposits 298,237 105,019 117,723
Investment contract withdrawals (52,957) (54,108) (34,677)
Net cash provided by financing activities 406,872 (46,338) 144,210
Effects of exchange rate on cash (15,740) (10,762) (177)
Increase (decrease) in cash and cash equivalents 158,796 (53,262) 31,368
Cash and cash equivalents at the beginning of period 441,850 495,112 463,744
Cash and cash equivalents at the end of the period $ 600,646 $ 441,850 $ 495,112