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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net Income $ 5,120 $ 2,646 $ 2,232
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 3,651 695 566
Realized investment (gains) losses (177) 81 (237)
Deferred income taxes (benefits) (313) (101) 242
Debt extinguishment costs 2 0 321
Net changes in assets and liabilities, net of non-operating effects:      
Accounts receivable (713) 705 (233)
Inventories 149 (107) (72)
Deferred policy acquisition costs (242) (237) (282)
Reinsurance recoverables and other assets (277) (234) 115
Insurance liabilities 575 560 506
Pharmacy and service costs payable (192) (842) 35
Accounts payable, accrued expenses and other liabilities 1,343 332 696
Other, net 559 272 197
Net cash provided by (used in) operating activities 9,485 3,770 4,086
Proceeds from investments sold:      
Debt securities and equity securities 3,487 2,655 2,012
Investment maturities and repayments:      
Debt securities and equity securities 1,825 2,151 2,051
Commercial mortgage loans 199 215 335
Other sales, maturities and repayments (primarily short-term and other long-term investments) 1,311 734 1,702
Investments purchased or originated:      
Debt securities and equity securities (4,282) (5,637) (5,628)
Commercial mortgage loans (307) (312) (430)
Other (primarily short-term and other long-term investments) (1,753) (1,189) (1,065)
Property and equipment purchases (1,050) (528) (471)
Acquisitions, net of cash acquired (153) (24,455) (209)
Other, net (11) (12) 0
Net cash provided by (used in) investing activities (734) (26,378) (1,703)
Cash Flows from Financing Activities      
Deposits and interest credited to contractholder deposit funds 955 1,040 1,230
Withdrawals and benefit payments from contractholder deposit funds (1,097) (1,151) (1,363)
Net change in short-term debt (681) 1,487 80
Payments for debt extinguishment (3) 0 (313)
Repayment of long-term debt (4,491) (131) (1,250)
Net proceeds on issuance of long-term debt 0 22,856 1,581
Repurchase of common stock (1,987) (342) (2,725)
Issuance of common stock 224 68 131
Other, net (107) (312) (22)
Net cash provided by (used in) financing activities (7,187) 23,515 (2,651)
Effect of foreign currency rate changes on cash and cash equivalents (8) (24) 55
Net increase (decrease) in cash, cash equivalents and restricted cash 1,556 883 (213)
Cash, cash equivalents and restricted cash, January 1, 3,855 2,972 3,185
Cash, cash equivalents and restricted cash, ending balance 5,411 3,855 2,972
Cash reclassified to assets held for sale (743) 0 0
Cash, cash equivalents, and restricted cash per Consolidated Balance Sheets 4,668 [1] 3,855 2,972
Supplemental Disclosure of Cash Information:      
Income taxes paid, net of refunds 1,776 1,019 1,036
Interest paid $ 1,645 $ 267 $ 240
[1]
Includes restricted cash of $26 million reported in Other noncurrent assets and $23 million reported in Long-term investments as of December 31, 2019.