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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 235,540 $ 297,075
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for policy losses and other claims 256,165 206,842
Depreciation and amortization 72,425 65,818
Amortization of premiums and accretion of discounts on debt securities, net 20,162 11,369
Net realized investment gains (4,499) (41,057)
Share-based compensation 35,596 27,355
Equity in earnings of equity method investments, net (1,121) (162)
Dividends from equity method investments 2,674 2,332
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:    
Claims paid, including assets acquired, net of recoveries (214,594) (199,895)
Net change in income tax accounts 58,132 45,174
Increase in accounts and accrued income receivable (29,006) (35,142)
Decrease in accounts payable and accrued liabilities (74,602) (71,196)
(Decrease) increase in deferred revenue (2,846) 1,068
Other, net 13,924 (8,472)
Cash provided by operating activities 367,950 301,109
Cash flows from investing activities:    
Net cash effect of acquisitions/dispositions (386,231) (4,725)
Net decrease (increase) in deposits with banks 3,769 (2,268)
Purchases of debt and equity securities (1,219,902) (1,147,192)
Proceeds from sales of debt and equity securities 583,175 698,393
Proceeds from maturities of debt securities 702,670 342,790
Investments in unconsolidated entities (49,840) (77,000)
Net change in other investments (3,022) 1,424
Advances under secured financing agreements (6,317,790) (2,775,216)
Collections of secured financings receivable 6,025,653 2,650,317
Capital expenditures (58,045) (53,951)
Proceeds from sales of property and equipment 13,934 105
Proceeds from insurance settlement 123 0
Cash used for investing activities (705,506) (367,323)
Cash flows from financing activities:    
Net change in deposits 80,346 3,376
Borrowings under secured financing agreements 6,235,457 2,764,605
Repayments of secured financings payable (6,035,271) (2,650,804)
Net proceeds from issuance of unsecured senior notes 443,753 0
Borrowings under unsecured credit facility 120,000 160,000
Repayments of borrowings under unsecured credit facility (280,000) (160,000)
Repayments of notes and contracts payable (2,658) (2,905)
Net activity related to noncontrolling interests (1,732) (1,045)
Net payments in connection with share-based compensation (9,897) (8,490)
Repurchases of Company shares (68,864) (2,066)
Payments of cash dividends (98,698) (94,105)
Cash provided by financing activities 382,436 8,566
Effect of exchange rate changes on cash (7,495) 2,484
Net increase (decrease) in cash and cash equivalents 37,385 (55,164)
Cash and cash equivalents—Beginning of period 1,485,959 1,467,129
Cash and cash equivalents—End of period 1,523,344 1,411,965
Supplemental information:    
Interest 20,371 22,936
Premium taxes 42,098 37,370
Income taxes, less refunds of $2,692 and $612 $ 4,283 $ 28,902