FINANCIAL INFORMATION

FINANCIAL INFORMATION

In millions of USD (except for per share items)

Copyright Refinitiv

Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities $ 318,660 $ 195,349
Cash flows from investing activities:    
Sale of investment securities 20,773 16,186
Maturities of investment securities 43,405 45,798
Purchase of investment securities (64,827) (76,094)
Proceeds from sale or liquidation of long-term investments 30,255 0
Purchase of long-term investments (9,238) (1,000)
Investments in real estate ventures (6,239) (36,269)
Distributions from investments in real estate ventures 11,606 30,934
Increase in cash surrender value of life insurance policies (723) (773)
Decrease in restricted assets 384 661
Proceeds from sale of fixed assets 0 17
Capital expenditures (8,824) (10,158)
Purchase of subsidiaries 0 (323)
Paydowns of investment securities 627 828
Investments in real estate, net (701) (1,910)
Net cash provided by (used in) investing activities 16,498 (32,103)
Cash flows from financing activities:    
Proceeds from issuance of debt 520 0
Deferred financing costs 0 (36)
Repayments of debt (173,779) (230,874)
Borrowings under revolver 130,686 204,506
Repayments on revolver (165,639) (221,373)
Dividends and distributions on common stock (97,781) (179,449)
Distributions to non-controlling interest (448) (285)
Proceeds from issuance of Vector stock 52,563 0
Other 0 (46)
Net cash used in financing activities (253,878) (427,557)
Net increase (decrease) in cash, cash equivalents and restricted cash 81,280 (264,311)
Cash, cash equivalents and restricted cash, beginning of period 379,476 591,729
Cash, cash equivalents and restricted cash, end of period $ 460,756 $ 327,418