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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flow from operating activities:    
Net earnings $ 250,846 $ 323,648
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 269,505 233,543
Amortization of deferred policy acquisition costs 12,265 13,931
Amortization of debt issuance costs 1,946 1,765
Interest credited to policyholders 15,119 11,028
Change in allowance for losses on trade receivables (2) 34
Change in allowance for inventory reserves 2,953 800
Net gain on sale of real and personal property (9,845) (28,258)
Net (gain) loss on sale of investments (3,059) (4,645)
Deferred income tax 63,065 114,724
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (15,895) (8,102)
Inventories (21,036) (2,674)
Prepaid expenses 41,486 46,248
Capitalization of deferred policy acquisition costs (15,154) (14,360)
Other assets 16,615 (8,695)
Related party assets 8,958 5,195
Accounts payable and accrued expenses 69,550 45,162
Policy benefits and losses, claims and loss expenses payable 12,057 16,922
Other policyholders' funds and liabilities 10,305 1,563
Deferred income 3,660 5,034
Related party liabilities (3,662) 232
Net cash provided by operating activities 709,677 753,095
Cash flow from investing activities:    
Property, plant and equipment (754,052) (761,277)
Short term investments (34,765) (409,925)
Fixed maturities investments (219,620) (168,817)
Equity securities (662) (489)
Preferred stock (1,000)
Real estate (118) (15,788)
Mortgage loans (50,817) (136,682)
Proceeds from sale of:    
Property, plant and equipment 259,450 310,409
Short term investments 38,927 386,508
Fixed maturities investments 70,792 120,525
Equity securities
Preferred stock 988 2,651
Real estate 2,664 831
Mortgage loans 9,584 105,731
Net cash used by investing activities (678,629) (566,323)
Cash flow from financing activities:    
Borrowings from credit facilities 285,532 331,787
Principal repayments on credit facilities (214,354) (158,479)
Debt issuance costs (3,413) (2,085)
Capital lease payments (150,302) (83,414)
Employee Stock Ownership Plan (3,960) (4,653)
Securitization deposits (186) 245
Common stock dividends paid (19,587) (19,586)
Investment contract deposits 232,752 130,166
Investment contract withdrawals (97,262) (49,555)
Net cash provided by (used in) financing activities 29,220 144,426
Effects of exchange rate on cash 10,277 (10,517)
Increase (decrease) in cash and cash equivalents 70,545 320,681
Cash and cash equivalents at the beginning of period 697,806 600,646
Cash and cash equivalents at the end of the period $ 768,351 $ 921,327