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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
6 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Cash flows from operating activities:    
Net income (loss) $ 2,329 $ 1,721
(Income) loss from discontinued operations (8) 57
Noncash revenues, expenses, gains and losses included in income:    
Net gains on sales of securities available for sale and other assets (400) (907)
Net (gains) losses on sales of divested businesses 160 (223)
(Gains) losses on extinguishment of debt (5) 90
Unrealized (gains) losses in earnings - net (287) 1,130
Equity in income from equity method investments, net of dividends or distributions (259) 145
Depreciation and other amortization 2,002 2,270
Impairments of assets 291 636
Changes in operating assets and liabilities:    
Insurance reserves 598 313
Premiums and other receivables and payables - net (13) (614)
Reinsurance assets and funds held under reinsurance treaties (12,524) (988)
Capitalization of deferred policy acquisition costs (2,425) (2,554)
Current and deferred income taxes - net 669 750
Other, net 587 (1,255)
Total adjustments (11,606) (1,207)
Net cash provided by (used in) operating activities (9,285) 571
Sales or distribution of:    
Available for sale securities 23,581 13,540
Other securities 1,871 2,246
Other invested assets 3,061 3,687
Divested businesses, net 538  
Maturities of fixed maturity securities available for sale 15,128 12,350
Principal payments received on and sales of mortgage and other loans receivable 3,005 2,964
Purchases of:    
Available for sale securities (26,025) (27,573)
Other securities (281) (381)
Other invested assets (1,786) (1,602)
Mortgage and other loans receivable (4,259) (5,081)
Net change in restricted cash (44) (78)
Net change in short-term investments 1,047 (1,755)
Other, net (917) 1,419
Net cash provided by (used in) investing activities 14,919 (264)
Proceeds from (payments for)    
Policyholder contract deposits 8,916 9,539
Policyholder contract withdrawals (7,917) (6,787)
Issuance of long-term debt 2,221 6,688
Repayments of long-term debt (1,606) (2,919)
Issuance of Common Stock 0 0
Purchase of Common Stock (6,000) (6,248)
Dividends paid (597) (713)
Other, net (44) 250
Net cash provided by (used in) financing activities (5,027) (190)
Effect of exchange rate changes on cash (24) 38
Net increase (decrease) in cash 583 155
Cash at beginning of year 1,868 1,629
Change in cash of businesses held for sale 66  
Cash at end of year $ 2,517 $ 1,784