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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Cash flow from operating activities:      
Net Income (Loss) $ 628,707 $ 924,472 $ 1,124,362
Adjustments to reconcile net earnings to cash provided by operations:      
Depreciation 817,889 733,879 696,955
Amortization of premiums and accretion of discounts related to investments, net 16,849 20,066 19,749
Amortization of debt issuance costs 6,712 7,087 5,659
Interest credited to policyholders 71,433 55,822 64,692
Provision for allowance (recoveries) for losses on trade receivables, net 2,447 4,860 4,227
Proceeds from Fees Received 23,926 22,432 21,662
Net gains on disposal of personal property (153,958) (247,084) (214,203)
Net (gains) losses on disposal of real estate 7,914 5,596 4,120
Net (gains) losses on sales of investments (157) (8,300) (11,872)
Net (gains) losses on equity investments (5,741) (9,091) (7,837)
Deferred income taxes, net 98,379 131,754 101,091
Net change in other operating assets and liabilities:      
Trade receivables and reinsurance recoverables (29,011) (44,714) (9,187)
Inventories and parts, net (518) (7,265) (53,301)
Prepaid expenses (4,451) (5,575) (232,342)
Capitalization of deferred policy acquisition costs (7,239) (2,722) (1,228)
Other assets and Right of use assets - operating, net (9,889) (6,405) (6,313)
Related party assets (9,614) (544) (10,357)
Accounts payable and accrued expenses and operating lease liabilties 10,697 34,263 10,514
Increase (Decrease) in Other Insurance Liabilities 39,204 15,182 20,768
Other policyholders' funds and liabilities 9,922 2,580 1,608
Deferred income 2,085 5,137 5,399
Related party liabilities 5,850 760 2,079
Net cash provided by operating activities 1,452,756 1,729,610 1,946,235
Cash flow from investing activities:      
Escrow deposits (2,983) (9,298) (9,328)
Purchase of:      
Property, plant and equipment (2,992,898) (2,723,901) (2,136,537)
Fixed maturity securities available-for-sale (344,166) (623,489) (701,744)
Equity securities (530) (4,932) (27,299)
Investments other (174,967) (213,264) (158,408)
Proceeds from sale and paydowns of:      
Property, plant and equipment 739,178 701,331 623,235
Fixed maturity securities available-for-sale 672,121 271,092 412,528
Equity securities 1,417 1,286 4,046
Investments, other 50,489 161,194 126,331
Net cash used by investing activities 2,046,373 2,421,385 1,867,176
Cash flow from financing activities:      
Borrowings from credit facilities 1,186,363 1,017,898 1,969,474
Principal repayments on credit facilities (919,771) (801,994) (437,506)
Payment of debt issuance costs (4,082) (5,237) (13,156)
Finance lease payments (105,564) (124,188) (166,262)
Securitization deposits (319) (217) 0
Common stock dividends paid 0 (19,608) (29,412)
Series N Non-Voting Common Stock Dividends (31,765) (14,117) 0
Investment contract deposits 360,124 341,483 347,520
Investment contract withdrawals (419,091) (334,659) (237,503)
Net cash provided by financing activities 66,533 59,795 1,433,155
Effects of exchange rate on cash 1,104 11,633 2,089
Increase (decrease) cash and cash equivalents 525,980 643,613 1,510,125
Cash and cash equivalents at the beginning of period 2,060,524 2,704,137 1,194,012
Cash and cash equivalents at the end of period $ 1,534,544 $ 2,060,524 $ 2,704,137