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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flow from operating activities:    
Net earnings $ 126,207 $ 147,173
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 131,423 114,021
Amortization of deferred policy acquisition costs 6,321 7,942
Amortization of debt issuance costs 932 961
Interest credited to policyholders 7,651 5,059
Change in allowance for losses on trade receivables (26) 21
Change in allowance for inventory reserves 1,114 1,221
Net gain on sale of real and personal property (4,741) (18,640)
Net (gain) loss on sale of investments (1,985) (2,406)
Deferred income tax 12,024 22,733
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (8,870) (14,138)
Inventories (11,982) (4,391)
Prepaid expenses 44,788 39,828
Capitalization of deferred policy acquisition costs (8,228) (7,252)
Other assets 17,812 (3,392)
Related party assets 7,836 4,084
Accounts payable and accrued expenses 61,704 57,099
Policy benefits and losses, claims and loss expenses payable 4,747 1,373
Other policyholders' funds and liabilities 4,083 242
Deferred income 8,393 8,727
Related party liabilities (2,532) 781
Net cash provided by operating activities 396,671 361,046
Cash flow from investing activities:    
Property, plant and equipment (480,259) (437,287)
Short term investments (16,491) (277,038)
Fixed maturity investments (123,090) (166,648)
Real estate (505) (3,495)
Mortgage loans (24,382) (62,572)
Proceeds from sale of:    
Property, plant and equipment 142,343 147,196
Short term investments 24,639 279,341
Fixed maturity investments 36,559 55,946
Preferred stock 2,000
Real estate 2,664 831
Mortgage loans 6,054 94,015
Net cash used by investing activities (432,468) (367,711)
Cash flow from financing activities:    
Borrowings from credit facilities 155,367 103,338
Principal repayments on credit facilities (64,819) (48,326)
Debt issuance costs (1,734) (223)
Capital lease payments (56,522) (37,405)
Employee stock ownership plan 3,516 (1,393)
Securitization deposits 49 93
Common stock dividends paid (19,586)
Investment contract deposits 155,437 74,157
Investment contract withdrawals (54,205) (14,051)
Net cash provided by (used in) financing activities 137,089 56,604
Effects of exchange rate on cash 4,424 (4,397)
Increase (decrease) in cash and cash equivalents 105,716 45,542
Cash and cash equivalents at the beginning of period 697,806 600,646
Cash and cash equivalents at the end of the period $ 803,522 $ 646,188