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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flow from operating activities:    
Net earnings $ 370,026 $ 779,740
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 431,652 410,800
Amortization of deferred policy acquisition costs 18,584 18,217
Amortization of debt issuance costs 2,922 2,910
Interest credited to policyholders 28,540 23,250
Change in allowance for losses on trade receivables 124 (25)
Change in allowance for inventory reserves 2,539 4,334
Net gain on sale of personal property (29,127) (14,260)
Net gains on disposal of real estate 10 (192,223)
Net (gain) loss on sale of investments (3,594) (4,250)
Deferred income tax 108,614 (179,047)
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables 1,601 (27,659)
Inventories (8,858) (17,410)
Prepaid expenses (12,533) (22,220)
Capitalization of deferred policy acquisition costs (19,994) (21,501)
Other assets 159,125 6,279
Related party assets (1,838) 47,804
Accounts payable and accrued expenses (5,420) 26,764
Policy benefits and losses, claims and loss expenses payable (159,285) 2,767
Other policyholders' funds and liabilities 2,867 590
Deferred income (4,982) (1,297)
Related party liabilities (3,269) (4,542)
Net cash provided by operating activities 877,704 839,021
Cash flow from investing activities:    
Escrow Deposits (3,292) 19,707
Purchases of:    
Property, plant and equipment (1,325,365) (970,472)
Short term investments (39,494) (48,743)
Fixed maturities investments (394,266) (274,283)
Equity securities (957) (662)
Preferred stock (81) (1,000)
Real estate (505) (1,783)
Mortgage loans (56,892) (80,707)
Proceeds from sale of:    
Property, plant and equipment 561,848 591,040
Short term investments 47,012 54,319
Fixed maturities investments 83,767 102,404
Equity securities 8,608
Preferred stock 1,625 3,188
Real estate 5,348
Mortgage loans 116,800 23,726
Net cash used by investing activities (1,001,192) (577,918)
Cash flow from financing activities:    
Borrowings from credit facilities 693,132 426,262
Principal repayments on credit facilities (255,123) (303,212)
Debt issuance costs (5,097) (4,581)
Capital lease payments (236,683) (219,623)
Employee stock ownership plan (203) (6,764)
Securitization deposits (2,181)
Common stock dividends paid (29,385) (19,587)
Investment contract deposits 300,920 347,695
Investment contract withdrawals (109,641) (163,499)
Net cash provided by (used in) financing activities 357,920 54,510
Effects of exchange rate on cash (9,435) 9,468
Increase (decrease) in cash and cash equivalents 224,997 325,081
Cash and cash equivalents at the beginning of period 759,388 697,806
Cash and cash equivalents at the end of the period $ 984,385 $ 1,022,887