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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flow from operating activities:    
Net earnings $ 291,391 $ 250,846
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 287,383 269,505
Amortization of deferred policy acquisition costs 11,930 12,265
Amortization of debt issuance costs 2,013 1,946
Interest credited to policyholders 17,726 15,119
Change in allowance for losses on trade receivables 309 (2)
Change in allowance for inventory reserves 1,148 2,953
Net gain on sale of real and personal property (28,331) (10,026)
Net losses on disposal of real estate 10 181
Net (gain) loss on sale of investments 55 (3,059)
Deferred income tax 89,829 63,065
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (14,453) (15,895)
Inventories (4,347) (21,036)
Prepaid expenses (17,709) 41,486
Capitalization of deferred policy acquisition costs (12,926) (15,154)
Other assets 58,139 (10,444)
Related party assets 6,181 8,958
Accounts payable and accrued expenses 63,582 69,550
Policy benefits and losses, claims and loss expenses payable (49,774) 12,057
Other policyholders' funds and liabilities 3,302 10,305
Deferred income (124) 3,660
Related party liabilities (3,276) (3,662)
Net cash provided by operating activities 702,058 682,618
Cash flow from investing activities:    
Escrow deposits 1,362 27,059
Purchase of:    
Property, plant and equipment (1,114,544) (754,052)
Short term investments (22,335) (34,765)
Fixed maturity investments (239,972) (219,620)
Equity securities (957) (662)
Preferred stock (81) (1,000)
Real estate (218) (118)
Mortgage loans (24,132) (50,817)
Proceeds from sale of:    
Property, plant and equipment 429,910 259,450
Short term investments 24,568 38,927
Fixed maturity investments 65,270 70,792
Preferred stock 1,125 988
Real estate 2,664
Mortgage loans 12,912 9,584
Net cash used by investing activities (867,092) (651,570)
Cash flow from financing activities:    
Borrowings from credit facilities 313,299 285,532
Principal repayments on credit facilities (182,955) (214,354)
Payment of debt issuance costs (1,420) (3,413)
Capital lease payments (147,913) (150,302)
Employee stock ownership plan shares (137) (3,960)
Securitization deposits (186)
Common stock dividends paid (29,385) (19,587)
Investment contract deposits 179,608 232,752
Investment contract withdrawals (71,228) (97,262)
Net cash provided by (used in) financing activities 59,869 29,220
Effects of exchange rate on cash (1,783) 10,277
Increase (decrease) in cash and cash equivalents (106,948) 70,545
Cash and cash equivalents at the beginning of period 759,388 697,806
Cash and cash equivalents at the end of the period $ 652,440 $ 768,351