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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ 261 $ 476
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 89 88
Equity in earnings of unconsolidated affiliates (2) (10)
Loss on sales of investments and other assets and asset impairments, net 58 4
Interest credited/index credits to contractholder account balances 123 0
Increase (Decrease) in Deferred Policy Acquisition Costs and Deferred Sales Inducements (30) 0
Charges Assessed To Contract Holders For Mortality And Administration (13) 0
Non-cash lease costs 77 73
Operating lease payments (77) (75)
Distributions from unconsolidated affiliates, return on investment 0 5
Stock-based compensation cost 19 18
Change in valuation of equity and preferred securities, net 100 (187)
Increase (Decrease) in Collateral Returned (posted) 7 0
Change in reinsurance recoverable 55 0
Future policy benefits reflected in net income (loss) (10) 0
Increase (Decrease) in Reinsurance Payables 1 0
Changes in assets and liabilities, net of effects from acquisitions:    
Net decrease (increase) in trade receivables 9 (51)
Net (increase) in prepaid expenses and other assets (131) (48)
Net (decrease) increase in accounts payable, accrued liabilities, deferred revenue and other (51) 16
Net increase (decrease) in reserve for title claim losses 20 (8)
Net change in income taxes 48 71
Net cash provided by (used in) operating activities 553 372
Cash flows from investing activities:    
Proceeds from sales of investment securities 360 405
Proceeds from calls and maturities of investment securities 311 112
Proceeds from sales of property and equipment 9 0
Fundings of Cannae Holdings Inc. note receivable 0 (100)
Proceeds from repayments of Cannae Holdings Inc. note receivable 0 100
Additions to property and equipment and capitalized software (48) (47)
Purchases of investment securities (686) (518)
Net proceeds from sales and maturities of short-term investment securities 704 166
Payments to Acquire Notes Receivable (2) 0
Proceeds from Collection of Notes Receivable 5 0
Payments to Acquire Businesses, Net of Cash Acquired (976) 0
Additional investments in unconsolidated affiliates (55) (20)
Distributions from unconsolidated affiliates, return of investment 25 27
Net other investing activities 0 (5)
Net cash provided by (used in) investing activities (353) 120
Cash flows from financing activities:    
Draw on revolving credit facility 1,000 0
Debt offering 648 0
Debt costs/equity issuance additions (12) 0
Repayment of principal borrowed (640) 0
Dividends paid (186) (169)
Subsidiary dividends paid to non-controlling interest shareholders (5) (5)
Exercise of stock options 37 6
Net change in secured trust deposits (57) 90
Payments to Noncontrolling Interests 0 (3)
Payment of contingent consideration for prior period acquisitions (8) (17)
Contractholder account deposits 297 0
Contractholder account withdrawals (193) 0
Purchases of treasury stock (104) (46)
Net cash provided by (used in) financing activities 777 (144)
Net increase in cash and cash equivalents 977 348
Cash and cash equivalents at beginning of period 1,376 1,257
Cash and cash equivalents at end of period $ 2,353 $ 1,605