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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flow from operating activities:    
Net earnings $ 147,173 $ 171,285
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 114,021 96,966
Amortization of deferred policy acquisition costs 7,942 4,778
Amortization of debt issuance costs 961 743
Interest credited to policy holders 5,059 5,484
Change in allowance for losses on trade receivables 21 (61)
Change in allowance for inventory reserves 1,221 (248)
Net gain on sale of real and personal property (18,640) (45,984)
Net (gain) loss on sale of investments (2,406) (1,453)
Deferred income tax 22,733 18,866
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (14,138) (19,349)
Inventories (4,391) (140)
Prepaid expenses 39,828 56,624
Capitalization of deferred policy acquisition costs (7,252) (7,137)
Other assets (3,392) 9,368
Related party assets 4,084 5,666
Accounts payable and accrued expenses 57,099 53,997
Policy benefits and losses, claims and loss expenses payable 1,373 11,669
Other policyholders' funds and liabilities 242 4,700
Deferred income 8,727 8,342
Related party liabilities 781 1,438
Net cash provided by operating activities 361,046 375,554
Cash flow from investing activities:    
Property, plant and equipment (437,287) (452,572)
Short term investments (277,038) (73,517)
Fixed maturities investments (166,648) (47,072)
Equity securities (967)
Preferred stock (2)
Real estate (3,495) (23)
Mortgage loans (62,572) (82,839)
Proceeds from sale of:    
Property, plant and equipment 147,196 194,133
Short term investments 279,341 88,332
Fixed maturities investments 55,946 30,340
Equity securities 799
Preferred stock 2,000
Real estate 831
Mortgage loans 94,015 14,306
Net cash used by investing activities (367,711) (329,082)
Cash flow from financing activities:    
Borrowings from credit facilities 103,338 88,206
Principal repayments on credit facilities (48,326) (82,797)
Debt issuance costs (223)
Capital lease payments (37,405) (33,974)
Employee Stock Ownership Plan (1,393) (1,388)
Securitization deposits 93
Common stock dividends paid (19,586)
Investment contract deposits 74,157 33,768
Investment contract withdrawals (14,051) (13,215)
Net cash provided by (used in) financing activities 56,604 (9,400)
Effects of exchange rate on cash (4,397) (3,360)
Increase (decrease) in cash and cash equivalents 45,542 33,712
Cash and cash equivalents at the beginning of period 600,646 441,850
Cash and cash equivalents at the end of the period $ 646,188 $ 475,562