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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ (203) $ 2,477
(Income) loss from discontinued operations 47 (1)
Noncash revenues, expenses, gains and losses included in income:    
Net gains on sales of securities available for sale and other assets 204 (974)
Net (gains) losses on sales of divested businesses 2 6
Net losses on extinguishment of debt 83 68
Unrealized gains in earnings - net 672 457
Equity in income from equity method investments, net of dividends or distributions 346 (362)
Depreciation and other amortization 1,197 1,226
Impairments of assets 450 212
Changes in operating assets and liabilities:    
Insurance reserves 8 (295)
Premiums and other receivables and payables - net (861) (572)
Reinsurance assets and funds held under reinsurance treaties (846) (272)
Capitalization of deferred policy acquisition costs (1,360) (1,439)
Current and deferred income taxes - net (109) 1,161
Other, net (598) (1,304)
Total adjustments (812) (2,088)
Net cash provided by operating activities (968) 388
Sales or distribution of:    
Available for sale investments 5,710 6,189
Other securities 1,681 1,094
Other invested assets 1,649 1,648
Maturities of fixed maturity securities available for sale 6,069 5,251
Principal payments received on and sales of mortgage and other loans receivable 1,133 1,047
Purchases of:    
Available for sale investments (12,454) (9,844)
Other securities (173) (476)
Other invested assets (743) (1,132)
Mortgage and other loans receivable (2,432) (1,657)
Net change in restricted cash (59) (47)
Net change in short-term investments (577) (804)
Other, net 581 (955)
Net cash provided by investing activities 385 314
Proceeds from (payments for)    
Policyholder contract deposits 4,812 3,713
Policyholder contract withdrawals (3,178) (3,533)
Issuance of long-term debt 3,289 2,585
Repayments of long-term debt (958) (1,893)
Issuance of Common Stock 0 0
Purchase of Common Stock (3,486) (1,398)
Dividends paid (363) (170)
Other, net 337 92
Net cash provided by (used in) financing activities 453 (604)
Effect of exchange rate changes on cash 0 (33)
Net increase (decrease) in cash (130) 65
Cash at beginning of year 1,629 1,758
Cash at end of year $ 1,499 $ 1,823