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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flow from operating activities:    
Net earnings $ 885,261 $ 1,036,539
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 544,176 519,181
Amortization of deferred policy acquisition costs 21,623 23,520
Amortization of premiums and accretion of discounts related to investments, inc 15,232 14,486
Amortization of debt issuance costs 5,694 4,200
Interest credited to policyholders 39,048 47,181
Change in allowance for losses on trade receivables (4,617) 1,243
Change in allowance for inventory reserves 6,991 9,799
Net gain on sale of real and personal property (199,196) (157,980)
Net losses on disposal of real estate 5,038 (2,930)
Net (gain) loss on sale of investments 8,695 (3,495)
Net losses on equity investments 10,906 (3,695)
Deferred income tax 121,707 130,760
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables 25,853 (7,371)
Inventories 1,682 (70,796)
Prepaid expenses 7,867 257,591
Capitalization of deferred policy acquisition costs (20,406) (25,703)
Other assets 2,683 1,178
Related party assets (26,775) (18,683)
Accounts payable and accrued expenses 62,430 33,258
Policy benefits and losses, claims and loss expenses payable 3,490 6,411
Other policyholders' funds and liabilities 1,767 (2,810)
Deferred income (2,168) (526)
Related party liabilities (1,301) (2,207)
Net cash provided by operating activities 1,515,680 1,789,151
Cash flow from investing activities:    
Escrow deposits 159 5,695
Purchase of:    
Property, plant and equipment (2,076,424) (1,652,984)
Short term investments (49,801) (31,074)
Fixed maturity investments (491,431) (448,283)
Equity securities (4,828) (1,380)
Preferred stock 0 (8,000)
Real estate (7,854) (190)
Mortgage loans (148,017) (131,633)
Proceeds from sale of:    
Property, plant and equipment 533,595 483,783
Short term investments 67,062 20,669
Fixed maturity investments 148,290 284,347
Equity securities 1,187 2,026
Preferred stock 0 2,000
Real estate 0  
Mortgage loans 156,292 28,064
Net cash used by investing activities (1,871,770) (1,446,960)
Cash flow from financing activities:    
Borrowings from credit facilities 975,966 1,202,412
Principal repayments on credit facilities (695,321) (333,419)
Payment of debt issuance costs (4,962) (8,006)
Capital lease payments (95,290) (129,150)
Securitization deposits 137 0
Voting Common Stock dividends paid (19,608) (29,412)
Series N Non-Voting Common Stock dividends (7,059) 0
Investment contract deposits 258,157 271,657
Investment contract withdrawals (236,742) (177,777)
Net cash provided by (used in) financing activities 175,278 796,305
Effects of exchange rate on cash (12,706) (5,046)
Increase (decrease) in cash and cash equivalents (193,518) 1,133,450
Cash and cash equivalents at beginning of period 2,704,137 1,194,012
Cash and cash equivalents at the end of period $ 2,510,619 $ 2,327,462