FINANCIAL INFORMATION

FINANCIAL INFORMATION

In millions of USD (except for per share items)

Copyright Refinitiv

Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities $ 221,300 $ 341,329
Cash flows from investing activities:    
Sale of investment securities 23,477 19,555
Maturities of investment securities 36,461 31,574
Purchase of investment securities (74,805) (16,867)
Proceeds from sale or liquidation of long-term investments 8,009 23,407
Purchase of long-term investments (6,963) (5,238)
Investments in real estate ventures (9,902) (3,858)
Distributions from investments in real estate ventures 11,163 5,172
Increase in cash surrender value of life insurance policies (1,348) (751)
(Increase) decrease in restricted assets (5) 87
Capital expenditures (3,055) (6,242)
Paydowns of investment securities 302 415
Investments in real estate, net 0 (679)
Net cash (used in) provided by investing activities (16,666) 46,575
Cash flows from financing activities:    
Proceeds from issuance of debt 875,000 531
Deferred financing costs (20,109) 0
Repayments of debt (856,316) (172,467)
Borrowings under revolver 7,699 130,641
Repayments on revolver (7,699) (165,593)
Dividends and distributions on common stock (63,738) (63,478)
Distributions to non-controlling interest 0 (448)
Proceeds from issuance of common stock 0 52,563
Other (51) 5
Net cash used in financing activities (65,214) (218,246)
Net increase in cash, cash equivalents and restricted cash 139,420 169,658
Cash, cash equivalents and restricted cash, beginning of period 365,677 379,476
Cash, cash equivalents and restricted cash, end of period $ 505,097 $ 549,134