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AUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net increase in net assets resulting from operations $ 1,427.0 $ 1,181.6 $ 1,058.4
Adjustments to reconcile net changes in net assets resulting from operations to net cash provided by (used in) operating activities:      
Net realized gain on investments (769.8) (331.0) (37.7)
Net change in unrealized depreciation (appreciation) on investments and loans payable 117.0 (105.7) (349.4)
Purchase of real estate properties (1,059.7) (786.3) (538.2)
Capital improvements on real estate properties (304.4) (228.6) (130.1)
Proceeds from sale of real estate properties 1,285.4 1,462.7 525.5
Purchases of long term investments (1,373.4) (1,422.2) (592.0)
Proceeds from long term investments 1,210.5 756.4 385.3
Purchases and originations of loans receivable (695.5) (939.2) (1.9)
Purchases and originations of loans receivable with related parties (69.3) 0.0 0.0
Proceeds from sales of loans receivable 50.8 257.3 0.0
Proceeds from payoffs of loans receivable 50.8 68.0 0.0
(Increase) Decrease in other investments (54.9) (200.8) 165.9
Change in due from investment manager (3.3) (1.2) 4.9
Decrease (Increase) in other assets 23.3 (59.7) 58.2
(Decrease) Increase in other liabilities (70.4) 63.0 (72.6)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES (235.9) (285.7) 476.3
CASH FLOWS FROM FINANCING ACTIVITIES      
Line of credit proceeds received 250.0 0.0 0.0
Mortgage loan proceeds received 47.5 712.8 0.0
Payments of mortgage loans (106.8) (152.2) (50.6)
Premiums 2,655.9 2,637.4 2,561.7
Annuity payments (47.3) (45.0) (43.4)
Withdrawals and death benefits (2,570.3) (2,874.0) (2,938.8)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 229.0 279.0 (471.1)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (6.9) (6.7) 5.2
CASH, CASH EQUIVALENTS AND RESTRICTED CASH      
Beginning of period cash, cash equivalents and restricted cash 47.3 54.0 48.8
Net (decrease) increase in cash, cash equivalents and restricted cash (6.9) (6.7) 5.2
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH 40.4 47.3 54.0
SUPPLEMENTAL DISCLOSURES      
Cash paid for interest 107.8 108.7 89.9
Debt assumed as part of a real estate acquisition 181.0 105.1 17.7
Loan assignment as part of a real estate disposition 471.8 216.5 45.0
Stock consideration received from the merger of marketable securities 0.0 6.1 0.0
Cash and cash equivalents 15.1 3.8 11.7
Restricted cash [1] 25.3 43.5 42.3
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH $ 40.4 $ 47.3 $ 54.0
[1] Restricted cash is included within other assets on the Account's Consolidated Statements of Assets and Liabilities.