XML 17 R9.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flow from operating activities:    
Net Income (Loss) $ 382,215 $ 530,346
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 469,138 394,400
Amortization of premiums and accretion of discounts related to investments, net 7,073 8,441
Amortization of debt issuance costs 2,880 3,427
Interest credited to policyholders 37,584 36,329
Change in allowance for losses on trade receivables 1,811 578
Proceeds from Fees Received 5,297 7,979
Net gain on sale of real and personal property (25,323) (102,464)
Net losses on disposal of real estate 6,095 2,736
Net (gains) losses on sales of fixed maturity securities (84) (917)
Net gains on equity securities (3,069) (2,745)
Deferred income taxes 60,089 107,751
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (1,661) (23,402)
Inventories and parts (6,653) (10,059)
Prepaid expenses (33,317) (21,824)
Capitalization of deferred policy acquisition costs (105) (7,098)
Other assets (13,412) (16,730)
Related party assets (4,833) (7,403)
Increase (Decrease) in Accounts Payable and Accrued Liabilities 103,331 23,248
Policy benefits and losses, claims and loss expenses payable 1,784 18,553
Other policyholders' funds and liabilities 10,025 554
Deferred income 2,818 4,115
Related party liabilities 6,045 828
Net cash provided by operating activities 984,278 937,431
Cash flow from investing activities:    
Increase Decrease Escrow Deposits 4,808 573
Purchase of:    
Property, plant and equipment (1,927,002) (1,664,387)
Fixed maturity investments (227,330) (151,680)
Equity securities (610) (309)
Investments, other (62,859) (98,239)
Proceeds from sales and paydowns of:    
Property, plant and equipment 364,824 408,279
Fixed maturity investments 200,821 405,175
Equity securities 10,606 300
Investments, other 48,491 13,962
Net cash used by investing activities (1,597,867) (1,086,326)
Cash flow from financing activities:    
Borrowings from credit facilities 972,428 704,960
Principal repayments on credit facilities (443,431) (351,893)
Payment of debt issuance costs (3,922) (4,018)
Finance lease payments (39,259) (59,752)
Securitization deposits 189 151
Series N Non-Voting Common Stock dividends paid (17,647) (14,118)
Investment contract deposits 226,771 132,630
Investment contract withdrawals (184,544) (174,256)
Net cash provided by financing activities 510,585 233,704
Effects of exchange rate on cash 4,099 202
Increase (decrease) in cash and cash equivalents (98,905) 84,607
Cash and cash equivalents at the beginning of period 1,534,544 2,060,524
Cash and cash equivalents at the end of period $ 1,435,639 $ 2,145,131