XML 167 R152.htm IDEA: XBRL DOCUMENT v3.22.4
Parent Company Information - Components of Condensed Cash Flow The Parent Company (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income $ 644,283 $ 408,864 $ 220,621
Adjustments to reconcile net income to net cash provided by operating activities:      
Common stock contribution to charitable foundation 10,500 0 0
Net cash provided by operating activities 1,335,952 688,592 380,549
Investing activities:      
Alternative investments (capital call), net of distributions (24,887) (11,361) (12,244)
Net cash provided by (used in) investing activities (7,186,338) (2,405,089) (2,288,609)
Financing activities:      
Dividends paid to common stockholders (247,767) (144,807) (144,965)
Dividends paid to preferred stockholders (13,725) (7,875) (7,875)
Exercise of stock options 703 3,492 240
Common stock repurchase program (322,103) 0 (76,556)
Common shares acquired related to stock compensation plan activity 23,655 4,384 3,506
Net cash (used in) by financing activities 6,228,759 1,914,963 1,913,269
Net (decrease) increase in cash and cash equivalents 378,373 198,466 5,209
Cash and cash equivalents at beginning of year 461,570 263,104 257,895
Cash and cash equivalents at end of year 839,943 461,570 263,104
Parent Company      
Operating activities:      
Net income 644,283 408,864 220,621
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed earnings of subsidiaries (233,191) (238,254) (222,528)
Common stock contribution to charitable foundation 10,500 0 0
Other, net (2,853) 3,562 29,697
Net cash provided by operating activities 418,739 174,172 27,790
Investing activities:      
Alternative investments (capital call), net of distributions (16,292) (6,304) (3,751)
Net cash received in business combination 193,238 0 0
Net cash provided by (used in) investing activities 176,946 (6,304) (3,751)
Financing activities:      
Dividends paid to common stockholders 247,767 145,223 144,967
Dividends paid to preferred stockholders 13,725 7,875 7,875
Exercise of stock options 703 3,492 240
Common stock repurchase program 322,103 0 76,556
Common shares acquired related to stock compensation plan activity (23,655) (4,384) (3,506)
Net cash (used in) by financing activities (606,547) (153,990) (232,664)
Net (decrease) increase in cash and cash equivalents (10,862) 13,878 (208,625)
Cash and cash equivalents at beginning of year 316,193 302,315 510,940
Cash and cash equivalents at end of year $ 305,331 $ 316,193 $ 302,315