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, 2021
Sep. 30, 2020
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities $ 311,337 $ 318,660
Cash flows from investing activities:    
Sale of investment securities 33,517 20,773
Maturities of investment securities 50,731 43,405
Purchase of investment securities (99,287) (64,827)
Proceeds from sale or liquidation of long-term investments 8,509 30,255
Purchase of long-term investments (13,053) (9,238)
Investments in real estate ventures (15,912) (6,239)
Distributions from investments in real estate ventures 11,879  
Increase in cash surrender value of life insurance policies (1,253) (723)
(Increase) decrease in restricted assets (5) 384
Proceeds from sale of fixed assets 17 0
Capital expenditures (11,103) (8,824)
Purchase of subsidiaries (500) 0
Paydowns of investment securities 415 627
Investments in real estate, net 0 (701)
Net cash (used in) provided by investing activities (36,045) 16,498
Cash flows from financing activities:    
Proceeds from issuance of debt 875,000 520
Deferred financing costs (20,109) 0
Repayments of debt (859,801) (173,779)
Borrowings under revolver 7,778 130,686
Repayments on revolver (7,778) (165,639)
Dividends and distributions on common stock (98,403) (97,781)
Contributions from non-controlling interest 1,500 0
Distributions to non-controlling interest 0 (448)
Proceeds from issuance of common stock 0 52,563
Other (102) 0
Net cash used in financing activities (101,915) (253,878)
Net increase in cash, cash equivalents and restricted cash 173,377 81,280
Cash, cash equivalents and restricted cash, beginning of period 365,677 379,476
Cash, cash equivalents and restricted cash, end of period $ 539,054 $ 460,756