FINANCIAL INFORMATION

FINANCIAL INFORMATION

In millions of USD (except for per share items)

Copyright Refinitiv

Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
 
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities $ 115,309 $ 19,726
Cash flows from investing activities:    
Sale of investment securities 16,672 7,759
Maturities of investment securities 15,616 11,308
Purchase of investment securities (15,798) (20,623)
Proceeds from sale or liquidation of long-term investments 19,544  
Purchase of long-term investments (5,238)  
Investments in real estate ventures (673) (871)
Distributions from investments in real estate ventures 1,036 1,134
Increase in cash surrender value of life insurance policies (258) (238)
Decrease (increase) in restricted assets 93 (7)
Capital expenditures (4,888) (3,825)
Purchase of subsidiaries 0 (668)
Pay downs of investment securities 202 258
Investments in real estate, net (340) (641)
Net cash provided by (used in) investing activities 25,968 (6,414)
Cash flows from financing activities:    
Proceeds from issuance of debt 36  
Repayments of debt (2,638) (230,466)
Borrowings under revolver 126,603 94,400
Repayments on revolver (137,056) (87,420)
Dividends and distributions on common stock (32,074) (60,459)
Distributions to non-controlling interest (448) (285)
Net cash used in financing activities (45,577) (284,230)
Net increase (decrease) in cash, cash equivalents and restricted cash 95,700 (270,918)
Cash, cash equivalents and restricted cash, beginning of period 379,476 591,729
Cash, cash equivalents and restricted cash, end of period $ 475,176 $ 320,811