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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ 1,211 $ (203)
(Income) loss from discontinued operations 0 47
Noncash revenues, expenses, gains and losses included in income:    
Net gains on sales of securities available for sale and other assets (112) 204
Net (gains) losses on sales of divested businesses 100 2
(Gains) losses on extinguishment of debt (1) 83
Unrealized (gains) losses in earnings - net (226) 672
Equity in income from equity method investments, net of dividends or distributions (119) 346
Depreciation and other amortization 1,012 1,197
Impairments of assets 173 450
Changes in operating assets and liabilities:    
Insurance reserves 401 8
Premiums and other receivables and payables - net (189) (861)
Reinsurance assets and funds held under reinsurance treaties (12,237) (846)
Capitalization of deferred policy acquisition costs (1,201) (1,360)
Current and deferred income taxes - net 446 (109)
Other, net 383 (598)
Total adjustments (11,570) (812)
Net cash provided by (used in) operating activities (10,359) (968)
Sales or distribution of:    
Available for sale securities 15,307 5,710
Other securities 888 1,681
Other invested assets 1,826 1,649
Divested businesses, net 24  
Maturities of fixed maturity securities available for sale 7,145 6,069
Principal payments received on and sales of mortgage and other loans receivable 1,543 1,133
Purchases of:    
Available for sale securities (10,028) (12,454)
Other securities (185) (173)
Other invested assets (783) (743)
Mortgage and other loans receivable (2,181) (2,432)
Net change in restricted cash (22) (59)
Net change in short-term investments 1,250 (577)
Other, net (297) 581
Net cash provided by (used in) investing activities 14,487 385
Proceeds from (payments for)    
Policyholder contract deposits 4,002 4,812
Policyholder contract withdrawals (3,682) (3,178)
Issuance of long-term debt 151 3,289
Repayments of long-term debt (602) (958)
Issuance of Common Stock 0 0
Purchase of Common Stock (3,585) (3,486)
Dividends paid (307) (363)
Other, net (25) 337
Net cash provided by (used in) financing activities (4,048) 453
Effect of exchange rate changes on cash (82) 0
Net increase (decrease) in cash (2) (130)
Cash at beginning of year 1,868 1,629
Change in cash of businesses held for sale 52  
Cash at end of year $ 1,918 $ 1,499