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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flow from operating activities:    
Net earnings $ 388,876 $ 436,433
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 354,183 287,562
Amortization of deferred policy acquisition costs 19,131 15,559
Amortization of debt issuance costs 3,125 2,319
Interest credited to policyholders 18,190 13,844
Change in allowance for losses on trade receivables (28) (182)
Change in allowance for inventory reserves 1,897 (1,939)
Net gain on sale of real and personal property (32,775) (87,789)
Net (gain) loss on sale of investments (3,948) (3,779)
Deferred income tax 112,448 151,399
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (23,919) 8,568
Inventories (1,901) (3,887)
Prepaid expenses 79,578 (57,015)
Capitalization of deferred policy acquisition costs (21,040) (24,803)
Other assets (1,431) 18,361
Related party assets (5,469) 49,803
Accounts payable and accrued expenses 30,773 37,323
Policy benefits and losses, claims and loss expenses payable 12,843 12,976
Other policyholders' funds and liabilities (382) (560)
Deferred income 1,105 1,005
Related party liabilities (711) (878)
Net cash provided by operating activities 930,545 854,320
Cash flow from investing activities:    
Property, plant and equipment (981,316) (1,051,830)
Short term investments (566,371) (391,683)
Fixed maturities investments (261,851) (318,664)
Equity securities (489) (1,315)
Preferred stock (5)
Real estate (15,863) (23)
Mortgage loans (159,309) (99,549)
Proceeds from sale of:    
Property, plant and equipment 412,892 463,602
Short term investments 566,955 400,844
Fixed maturities investments 147,233 135,727
Equity securities 808
Preferred stock 3,351
Real estate 1,681
Mortgage loans 109,260 34,141
Net cash used by investing activities (743,827) (827,947)
Cash flow from financing activities:    
Borrowings from credit facilities 534,008 508,276
Principal repayments on credit facilities (244,545) (280,304)
Debt issuance costs (4,529) (5,957)
Capital lease payments (141,750) (110,202)
Employee Stock Ownership Plan (7,541) (1,559)
Securitization deposits 371 448
Common stock dividends paid (39,171) (78,374)
Investment contract deposits 180,554 232,912
Investment contract withdrawals (64,459) (41,258)
Net cash provided by (used in) financing activities 212,938 223,982
Effects of exchange rate on cash (16,117) (17,578)
Increase (decrease) in cash and cash equivalents 383,539 232,777
Cash and cash equivalents at the beginning of period 600,646 441,850
Cash and cash equivalents at the end of the period $ 984,185 $ 674,627