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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flow from operating activities:    
Net earnings $ 1,036,539 $ 537,076
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 519,181 495,794
Amortization of deferred policy acquisition costs 23,520 19,012
Amortization of premiums and accretion of discounts related to investments, net 14,486 10,197
Amortization of debt issuance costs 4,200 4,645
Interest credited to policyholders 47,181 38,672
Change in allowance for losses on trade receivables 1,243 (574)
Change in allowance for inventory reserves 9,799 3,259
Net gain on sale of real and personal property (157,980) (40,083)
Net losses on disposal of real estate (2,930) 4,293
Net (gain) loss on sale of investments (3,495) (5,644)
Net losses on equity investments (3,695) 669
Deferred income tax 130,760 117,025
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (7,371) (39,499)
Inventories (70,796) (6,349)
Prepaid expenses 257,591 112,428
Capitalization of deferred policy acquisition costs (25,703) (24,903)
Other assets 1,178 30,120
Related party assets (18,683) (20,794)
Accounts payable and accrued expenses 33,258 97,151
Policy benefits and losses, claims and loss expenses payable 6,411 14,096
Other policyholders' funds and liabilities (2,810) 24,677
Deferred income (526) 6,851
Related party liabilities (2,207) (1,566)
Net cash provided by operating activities 1,789,151 1,376,553
Cash flow from investing activities:    
Escrow deposits 5,695 (1,978)
Purchase of:    
Property, plant and equipment (1,652,984) (961,995)
Short term investments (31,074) (38,790)
Fixed maturity investments (448,283) (352,307)
Equity securities (1,380) (838)
Preferred stock (8,000) (16,144)
Real estate (190) (274)
Mortgage loans (131,633) (92,281)
Proceeds from sale of:    
Property, plant and equipment 483,783 434,860
Short term investments 20,669 38,830
Fixed maturity investments 284,347 331,407
Equity securities 2,026 72
Preferred stock 2,000 1,200
Mortgage loans 28,064 4,744
Net cash used by investing activities (1,446,960) (653,494)
Cash flow from financing activities:    
Borrowings from credit facilities 1,202,412 790,532
Principal repayments on credit facilities (333,419) (568,068)
Payment of debt issuance costs (8,006) (5,020)
Capital lease payments (129,150) (173,520)
Securitization deposits   (49,019)
Common stock dividends paid (29,412) (49,019)
Net contribution from (to) related party 0 22,600
Investment contract deposits 271,657 326,055
Investment contract withdrawals (177,777) (169,008)
Net cash provided by (used in) financing activities 796,305 174,552
Effects of exchange rate on cash (5,046) 6,877
Increase (decrease) in cash and cash equivalents 1,133,450 904,488
Cash and cash equivalents at the beginning of period 1,194,012 494,352
Cash and cash equivalents at the end of the period $ 2,327,462 $ 1,398,840