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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Cash flow from operating activities:      
Net earnings $ 370,857 $ 790,583 $ 398,424
Adjustments to reconcile net earnings to cash provided by operations:      
Depreciation 581,025 555,069 481,520
Amortization of deferred policy acquisition costs 28,556 24,514 26,218
Amortization of premiums and accretion of discounts related to investments, net 13,107 12,790 11,828
Amortization of debt issuance costs 3,923 3,868 4,062
Interest credited to policyholders 35,387 32,302 25,020
Change in allowance for losses on trade receivables 52 (120) (46)
Change in allowance for inventory reserves (146) 5,065 1,330
Net gains on disposal of personal property (26,982) (11,822) (32,495)
Net gains on disposal of real estate (44) (195,414) (3,590)
Net gains on sales of investments (2,663) (6,269) (5,284)
Net losses on equity investments 5,739
Deferred income taxes 106,811 (193,434) 173,112
Net change in other operating assets and liabilities:      
Reinsurance recoverables and trade receivables (31,365) (15,329) (2,890)
Inventories and parts (13,492) (12,384) (4,072)
Prepaid expenses (8,620) (40,765) 9,386
Capitalization of deferred policy acquisition costs (25,957) (27,350) (27,111)
Other assets 157,152 (165,968) (2,488)
Related party assets 4,194 53,408 343
Accounts payable and accrued expenses 10,263 (36,980) (15,548)
Policy benefits and losses, claims and loss expenses payable (236,120) 161,121 15,378
Other policyholders' funds and liabilities 5,007 (109) 1,499
Deferred income 966 5,524 5,921
Related party liabilities (2,067) (616) (1,062)
Net cash provided by operating activities 975,583 937,684 1,059,455
Cash flow from investing activities:      
Escrow deposits 4,299 31,362 (38,058)
Purchase of:      
Property, plant and equipment (1,869,968) (1,363,745) (1,419,505)
Short term investments (54,048) (63,556) (635,847)
Fixed maturities investments (540,045) (390,900) (355,101)
Equity securities (957) (662) (489)
Preferred stock (1,000)
Real estate (635) (1,939) (32,807)
Mortgage loans (63,611) (83,507) (154,310)
Proceeds from sale and paydowns of:      
Property, plant and equipment 606,271 699,803 487,475
Short term investments 66,037 67,790 655,726
Fixed maturities investments 123,551 163,469 189,242
Equity securities 8,608
Preferred stock 1,625 4,208 4,181
Real estate 2,783 8,753
Mortgage loans 147,737 37,590 106,832
Net cash used by investing activities (1,571,136) (898,304) (1,183,908)
Cash flow from financing activities:      
Borrowings from credit facilities 897,311 498,464 742,625
Principal repayments on credit facilities (299,748) (356,451) (367,844)
Debt issuance costs (7,243) (5,111) (5,055)
Capital lease payments (303,431) (296,363) (212,545)
Employee stock ownership plan (418) (11,640) (11,106)
Securitization deposits (2,180) 446
Common stock dividends paid (39,179) (29,380) (58,757)
Investment contract deposits 400,123 401,814 285,148
Investment contract withdrawals (132,833) (182,549) (149,159)
Net cash provided by financing activities 514,582 16,604 223,753
Effects of exchange rate on cash (4,716) 5,598 (2,140)
Increase (decrease) in cash and cash equivalents (85,687) 61,582 97,160
Cash and cash equivalents at the beginning of period 759,388 697,806 600,646
Cash and cash equivalents at the end of the period $ 673,701 $ 759,388 $ 697,806