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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income (loss) $ 5,322 $ 6,336 $ 3,393
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization expenses 693 713 714
Amortization of premiums and accretion of discounts associated with investments, net (1,141) (611) (167)
(Gains) losses on investments and from sales of businesses, net (597) 202 (155)
(Gains) losses on derivatives, net 1,451 (21) 5,122
(Income) loss from equity method investments, net of dividends or distributions 481 327 99
Interest credited to policyholder account balances 5,610 6,943 8,179
Universal life and investment-type product policy fees (9,507) (9,946) (9,451)
Change in fair value option and trading securities 784 (739) (1,433)
Change in residential mortgage loans held-for-sale, net 0 0 373
Change in accrued investment income 138 207 293
Change in premiums, reinsurance and other receivables (837) (650) (582)
Change in deferred policy acquisition costs and value of business acquired, net 491 1,134 (920)
Change in income tax 825 2,075 871
Change in other assets 2,752 2,573 1,767
Change in insurance-related liabilities and policy-related balances 6,366 5,847 6,897
Change in other liabilities 1,134 1,885 1,008
Other, net 164 101 123
Net cash provided by (used in) operating activities 14,129 16,376 16,131
Cash flows from investing activities      
Sales, maturities and repayments of fixed maturity securities 146,732 118,526 117,523
Sales, maturities and repayments of equity securities 1,117 490 725
Sales, maturities and repayments of mortgage loans 12,647 14,128 12,881
Sales, maturities and repayments of real estate and real estate joint ventures 3,256 1,012 356
Sales, maturities and repayments of other limited partnership interests 1,827 823 807
Purchases of fixed maturity securities (148,799) (130,197) (117,826)
Purchases of equity securities (996) (530) (943)
Purchases of mortgage loans (20,449) (17,464) (14,677)
Purchases of real estate and real estate joint ventures (1,298) (2,282) (1,880)
Purchases of other limited partnership interests (1,429) (1,764) (1,356)
Cash received in connection with freestanding derivatives 2,690 1,760 1,567
Cash paid in connection with freestanding derivatives (4,211) (4,003) (6,710)
Cash received under repurchase agreements 199 0 0
Cash paid under repurchase agreements (199) 0 0
Cash received under reverse repurchase agreements 199 0 0
Cash paid under reverse repurchase agreements (199) 0 0
Sales of businesses, net of cash and cash equivalents disposed of $0, $323 and $14, respectively 0 436 393
Sale of bank deposits 0 0 (6,395)
Purchases of businesses, net of cash and cash equivalents acquired of $0, $0 and $20, respectively 0 0 (1,840)
Purchases of investments in insurance joint ventures 0 (277) 0
Net change in policy loans 287 (27) (112)
Net change in short-term investments (777) 5,167 2,955
Net change in other invested assets (936) (512) (547)
Other, net (59) (341) (86)
Net cash provided by (used in) investing activities (10,398) (15,055) (15,165)
Cash flows from financing activities      
Policyholder account balances: Deposits 92,904 89,520 79,193
Policyholder account balances: Withdrawals (94,621) (88,037) (84,874)
Net change in payables for collateral under securities loaned and other transactions 1,544 5,031 (3,276)
Net change in short-term debt 0 (75) 75
Long-term debt issued 3,893 1,000 1,372
Long-term debt repaid (1,438) (2,862) (1,746)
Collateral financing arrangements repaid (57) 0 0
Cash received in connection with redeemable noncontrolling interests 0 0 774
Common stock issued, net of issuance costs 0 1,000 1,000
Treasury stock acquired in connection with share repurchases (1,930) (1,000) 0
Preferred stock issued, net of issuance costs 1,483 0 0
Repurchase of preferred stock (1,460) 0 0
Preferred stock repurchase premium (42) 0 0
Dividends on preferred stock (116) (122) (122)
Dividends on common stock (1,653) (1,499) (1,119)
Other, net 198 (700) (184)
Net cash provided by (used in) financing activities (1,295) 2,256 (8,907)
Effect of change in foreign currency exchange rates on cash and cash equivalents balances (492) (354) (212)
Change in cash and cash equivalents 1,944 3,223 (8,153)
Cash and cash equivalents, beginning of year 10,808 7,585 15,738
Cash and cash equivalents, end of year 12,752 10,808 7,585
Supplemental disclosures of cash flow information:      
Net cash paid for Interest 1,178 1,213 1,270
Net cash paid (received) for Income tax 1,127 748 677
Business acquisitions:      
Assets acquired 0 0 2,988
Liabilities assumed 0 0 (972)
Noncontrolling interests assumed 0 0 (176)
Cash paid, excluding transaction costs of $0, $0 and $17, respectively 0 0 1,840
Fixed maturity securities received in connection with pension risk transfer transactions 903 0 0
Reduction of redeemable noncontrolling interests 0 774 0
Reduction of long-term debt 571 413 0
Reduction of real estate and real estate joint ventures $ 688 $ 1,132 $ 0