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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Cash flow from operating activities:      
Net earnings $ 790,583 $ 398,424 $ 489,001
Adjustments to reconcile net earnings to cash provided by operations:      
Depreciation 555,069 481,520 389,393
Amortization of deferred policy acquisition costs 24,514 26,218 23,272
Amortization of debt issuance costs 3,868 4,062 3,419
Interest credited to policyholders 32,302 25,020 20,465
Change in allowance for losses on trade receivables (120) (46) (205)
Change in allowance for inventory reserves 5,065 1,330 (1,343)
Net gains on disposal of personal property (11,822) (32,495) (98,158)
Net gains on disposal of real estate (195,414) (3,590) (545)
Net gains on sales of investments (6,269) (5,284) (4,491)
Deferred income taxes (193,434) 173,112 138,075
Net change in other operating assets and liabilities:      
Reinsurance recoverables and trade receivables (15,329) (2,890) 14,765
Inventories and parts (12,384) (4,072) (9,009)
Prepaid expenses (40,765) 9,386 (10,338)
Capitalization of deferred policy acquisition costs (27,350) (27,111) (32,590)
Other assets (165,968) (2,488) 16,261
Related party assets 53,408 343 56,644
Accounts payable and accrued expenses (25,546) (5,056) 37,312
Policy benefits and losses, claims and loss expenses payable 161,121 15,378 9,626
Other policyholders' funds and liabilities (109) 1,499 (349)
Deferred income 5,524 5,921 4,757
Related party liabilities (616) (1,062) (616)
Net cash provided by operating activities 936,328 1,058,119 1,045,346
Cash flow from investing activities:      
Escrow deposits 31,362 (38,058) (4,358)
Purchase of:      
Property, plant and equipment (1,363,745) (1,419,505) (1,509,154)
Short term investments (63,556) (635,847) (515,899)
Fixed maturities investments (390,900) (355,101) (398,987)
Equity securities (662) (489) (1,315)
Preferred stock (1,000) (1,005)
Real estate (1,939) (32,807) (15,459)
Mortgage loans (83,507) (154,310) (87,204)
Proceeds from sale and paydowns of:      
Property, plant and equipment 699,803 487,475 539,256
Short term investments 67,790 655,726 528,180
Fixed maturities investments 164,825 190,578 154,536
Equity securities 2,044
Preferred stock 4,208 4,181 1,126
Real estate 2,783 8,753 21,589
Mortgage loans 37,590 106,832 26,968
Net cash used by investing activities (896,948) (1,182,572) (1,259,682)
Cash flow from financing activities:      
Borrowings from credit facilities 498,464 742,625 837,972
Principal repayments on credit facilities (356,451) (367,844) (428,403)
Debt issuance costs (5,111) (5,055) (10,184)
Capital lease payments (296,363) (212,545) (168,661)
Employee stock ownership plan (11,640) (11,106) (9,302)
Securitization deposits (2,180) 446 544
Common stock dividends paid (29,380) (58,757) (78,374)
Investment contract deposits 401,814 285,148 358,237
Investment contract withdrawals (182,549) (149,159) (112,957)
Net cash provided by financing activities 16,604 223,753 388,872
Effects of exchange rate on cash 5,598 (2,140) (15,740)
Increase (decrease) in cash and cash equivalents 61,582 97,160 158,796
Cash and cash equivalents at the beginning of period 697,806 600,646 441,850
Cash and cash equivalents at the end of the period $ 759,388 $ 697,806 $ 600,646