FINANCIAL INFORMATION
FINANCIAL INFORMATION
In millions of USD (except for per share items)
Copyright Thomson Reuters Corporation
|
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended | |
|---|---|---|
|
Jun. 30, 2019
|
Jun. 30, 2018
|
|
| Statement of Cash Flows [Abstract] | ||
| Net cash provided by operating activities | $ 98,102 | $ 122,426 |
| Cash flows from investing activities: | ||
| Sale of investment securities | 12,942 | 2,647 |
| Maturities of investment securities | 28,610 | 10,598 |
| Purchase of investment securities | (44,222) | (12,402) |
| Investments in real estate ventures | (21,908) | (4,343) |
| Distributions from investments in real estate ventures | 23,200 | 27,134 |
| Increase in cash surrender value of life insurance policies | (789) | (809) |
| Decrease in restricted assets | 668 | 262 |
| Proceeds from sale of fixed assets | 8 | 0 |
| Capital expenditures | (6,320) | (8,616) |
| Repayments of notes receivable | 0 | 32 |
| Purchase of subsidiaries | (668) | (403) |
| Pay downs of investment securities | 545 | 928 |
| Investments in real estate, net | (1,153) | (1,009) |
| Net cash (used in) provided by investing activities | (9,087) | 14,019 |
| Cash flows from financing activities: | ||
| Deferred financing costs | (33) | 0 |
| Repayments of debt | (230,771) | (987) |
| Borrowings under revolver | 172,224 | 134,310 |
| Repayments on revolver | (169,727) | (137,877) |
| Dividends and distributions on common stock | (118,748) | (112,462) |
| Distributions to non-controlling interest | (285) | (359) |
| Net cash used in financing activities | (347,340) | (117,375) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (258,325) | 19,070 |
| Cash, cash equivalents and restricted cash, beginning of period | 591,729 | 310,937 |
| Cash, cash equivalents and restricted cash, end of period | $ 333,404 | $ 330,007 |