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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flow from operating activities:  
Net earnings$ 179,234$ 151,721
Adjustments to reconcile net earnings to cash provided by operations:  
Depreciation110,049106,055
Amortization of deferred policy acquisition costs7,0504,069
Change in allowance for losses on trade receivables(16)(24)
Change in allowance for inventory reserves2,008840
Net gain on sale of real and personal property(17,627)(17,309)
Net gain on sale of investments(4,880)(1,329)
Deferred income taxes89,12957,091
Net change in other operating assets and liabilities:  
Reinsurance recoverables and trade receivables(22,360)(5,969)
Inventories177(3,662)
Prepaid expenses8,7024,975
Capitalization of deferred policy acquisition costs(9,010)(7,377)
Other assets21,973766
Related party assets5,6446,710
Accounts payable and accrued expenses11,32720,102
Policy benefits and losses, claims and loss expenses payable35,67639,452
Other policyholders' funds and liabilities(3,144)(1,531)
Deferred income4,5582,399
Related party liabilities293693
Net cash provided by operating activities418,783357,672
Purchase of:  
Property, plant and equipment(348,331)(274,240)
Short term investments(138,457)(109,785)
Real estate(5,146)(1,784)
Mortgage loans(65,612)(1,308)
Proceeds from sale of:  
Property, plant and equipment110,289122,157
Short term investments154,026178,461
Equity securities10,210133
Real estate109683
Mortgage loans29,7221,421
Net cash used by investing activities(302,738)(170,870)
Cash flow from financing activities:  
Borrowings from credit facilities178,267134,556
Principal repayments on credit facilities(99,102)(209,420)
Debt issuance costs(1,316)(89)
Capital lease payments(3,505)(8,369)
Leveraged Employee Stock Ownership Plan - repayments from loan556592
Securitization deposits38,428 
Preferred stock redemption paid(144,289) 
Preferred stock dividends paid(2,913)(6,257)
Contribution to related party(518) 
Investment contract deposits6,0705,875
Investment contract withdrawals(14,671)(17,409)
Net cash used by financing activities(42,993)(100,521)
Effects of exchange rate on cash(389)(569)
Increase (decrease) in cash and cash equivalents72,66385,712
Cash and cash equivalents at the beginning of period375,496244,188
Cash and cash equivalents at the end of the period448,159329,830
Fixed maturities investments
  
Purchase of:  
Payments to acquire investments(137,121)(122,504)
Proceeds from sale of:  
Proceeds from sale of acquired investments97,01056,841
Equity security investments
  
Purchase of:  
Payments to acquire investments(9,056)(9,043)
Preferred stock investments
  
Purchase of:  
Payments to acquire investments(1,633)(11,902)
Proceeds from sale of:  
Proceeds from sale of acquired investments$ 1,252$ 0