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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flow from operating activities:    
Net earnings $ 127,849 $ 126,207
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 142,722 131,423
Amortization of deferred policy acquisition costs 6,031 6,321
Amortization of debt issuance costs 984 932
Interest credited to policyholders 8,060 7,651
Change in allowance for losses on trade receivables 38 (26)
Change in allowance for inventory reserves 2,139 1,114
Net gain on sale of real and personal property (16,295) (5,088)
Net losses on disposal of real estate 347
Net (gain) loss on sale of investments 506 (1,985)
Deferred income tax 38,678 12,024
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (14,543) (8,870)
Inventories (7,170) (11,982)
Prepaid expenses (17,999) 44,788
Capitalization of deferred policy acquisition costs (5,808) (8,228)
Other assets (761) (2,523)
Related party assets 2,205 7,836
Accounts payable and accrued expenses 89,348 61,704
Policy benefits and losses, claims and loss expenses payable 5,291 4,747
Other policyholders' funds and liabilities (184) 4,083
Deferred income 7,732 8,393
Related party liabilities 474 (2,532)
Net cash provided by operating activities 369,297 376,336
Cash flow from investing activities:    
Escrow deposits (4,559) 23,005
Purchase of:    
Property, plant and equipment (584,147) (480,259)
Short term investments (14,390) (16,491)
Fixed maturity investments (103,121) (123,090)
Equity securities (46)
Preferred stock (81)
Real estate (80) (505)
Mortgage loans (8,262) (24,382)
Proceeds from sale of:    
Property, plant and equipment 187,546 142,343
Short term investments 20,416 24,639
Fixed maturity investments 14,946 36,559
Preferred stock 500
Real estate 2,664
Mortgage loans 9,402 6,054
Net cash used by investing activities (445,876) (409,463)
Cash flow from financing activities:    
Borrowings from credit facilities 103,641 155,367
Principal repayments on credit facilities (73,770) (64,819)
Payment of debt issuance costs (1,420) (1,734)
Capital lease payments (84,374) (56,522)
Employee stock ownership plan shares (57) 3,516
Securitization deposits 49
Common stock dividends paid (9,795)
Investment contract deposits 76,343 155,437
Investment contract withdrawals (38,763) (54,205)
Net cash provided by (used in) financing activities (28,195) 137,089
Effects of exchange rate on cash (4,275) 4,424
Increase (decrease) in cash and cash equivalents (109,049) 108,386
Cash and cash equivalents at the beginning of period 759,388 697,806
Cash and cash equivalents at the end of the period $ 650,339 $ 806,192