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, 2021
Mar. 31, 2020
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities $ 78,364 $ 115,309
Cash flows from investing activities:    
Sale of investment securities 10,228 16,672
Maturities of investment securities 13,968 15,616
Purchase of investment securities (38,441) (15,798)
Proceeds from sale or liquidation of long-term investments 4,389 19,544
Purchase of long-term investments (5,813) (5,238)
Investments in real estate ventures (8,087) (673)
Distributions from investments in real estate ventures 7,577 1,036
Increase in cash surrender value of life insurance policies (564) (258)
(Increase) decrease in restricted assets (3) 93
Capital expenditures (1,931) (4,888)
Paydowns of investment securities 172 202
Investments in real estate, net 0 (340)
Net cash (used in) provided by investing activities (18,505) 25,968
Cash flows from financing activities:    
Proceeds from issuance of debt 875,000 36
Deferred financing costs (20,000) 0
Repayments of debt (853,158) (2,638)
Borrowings under revolver 259 126,603
Repayments on revolver (259) (137,056)
Dividends and distributions on common stock (32,273) (32,074)
Distributions to non-controlling interest 0 (448)
Other (21) 0
Net cash used in financing activities (30,452) (45,577)
Net increase in cash, cash equivalents and restricted cash 29,407 95,700
Cash, cash equivalents and restricted cash, beginning of period 365,677 379,476
Cash, cash equivalents and restricted cash, end of period $ 395,084 $ 475,176