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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Cash flow from operating activities:      
Net earnings $ 398,424 $ 489,001 $ 356,741
Adjustments to reconcile net earnings to cash provided by operations:      
Depreciation 481,520 389,393 352,796
Amortization of deferred policy acquisition costs 26,218 23,272 19,661
Amortization of debt issuance costs 4,062 3,419 3,786
Interest credited to policy holders 25,020 20,465 18,110
Change in allowance for losses on trade receivables (46) (205) (168)
Change in allowance for inventory reserves 1,330 (1,343) (872)
Net gain on sale of real and personal property (36,085) (98,703) (74,631)
Net gain (loss) on sale of investments (5,284) (4,491) (3,925)
Deferred income taxes 173,112 138,075 76,500
Net change in other operating assets and liabilities:      
Reinsurance recoverables and trade receivables (2,890) 14,765 9,632
Inventories (4,072) (9,009) (1,579)
Prepaid expenses 9,386 (10,338) (65,720)
Capitalization of deferred policy acquisition costs (27,111) (32,590) (27,084)
Other assets (40,546) 11,903 (51)
Related party assets 343 56,644 27,706
Accounts payable and accrued expenses (5,056) 37,312 98,877
Policy benefits and losses, claims and loss expenses payable 15,378 9,626 (17,621)
Other policyholders' funds and liabilities 1,499 (349) 988
Deferred income 5,921 4,757 (13,181)
Related party liabilities (1,062) (616) (866)
Net cash provided by operating activities 1,020,061 1,040,988 759,099
Cash flow from investing activities:      
Property, plant and equipment (1,419,505) (1,509,154) (1,041,931)
Short term investments (635,847) (515,899) (290,379)
Fixed maturities investments (355,101) (398,987) (214,371)
Equity securities (489) (1,315) (3,759)
Preferred stock (1,005) (2,006)
Real estate (32,807) (15,459) (38,275)
Mortgage loans (154,310) (87,204) (19,807)
Proceeds from sale and paydowns of:      
Property, plant and equipment 487,475 539,256 411,629
Short term investments 655,726 528,180 287,883
Fixed maturities investments 190,578 154,536 107,867
Equity securities 2,044 3,082
Preferred stock 4,181 1,126 2,427
Real estate 8,753 21,589 28,485
Mortgage loans 106,832 26,968 13,894
Net cash used by investing activities (1,144,514) (1,255,324) (755,261)
Cash flow from financing activities:      
Borrowings from credit facilities 742,625 837,972 657,535
Principal repayments on credit facilities (367,844) (428,403) (593,722)
Debt issuance costs (5,055) (10,184) (12,327)
Capital lease payments (212,545) (168,661) (121,202)
Employee stock ownership plan (11,106) (9,302) (7,939)
Securitization deposits 446 544
Common stock dividends paid (58,757) (78,374) (19,594)
Investment contract deposits 285,148 358,237 105,019
Investment contract withdrawals (149,159) (112,957) (54,108)
Net cash provided by financing activities 223,753 388,872 (46,338)
Effects of exchange rate on cash (2,140) (15,740) (10,762)
Increase (decrease) in cash and cash equivalents 97,160 158,796 (53,262)
Cash and cash equivalents at the beginning of period 600,646 441,850 495,112
Cash and cash equivalents at the end of the period $ 697,806 $ 600,646 $ 441,850