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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Cash flows from operating activities:    
Net income (loss) $ 616 $ 2,157
(Income) loss from discontinued operations (7) 54
Noncash revenues, expenses, gains and losses included in income:    
Net gains on sales of securities available for sale and other assets (404) (1,125)
Net (gains) losses on sales of divested businesses 173 (351)
(Gains) losses on extinguishment of debt (4) 76
Unrealized (gains) losses in earnings - net 251 1,396
Equity in income from equity method investments, net of dividends or distributions (338) 50
Depreciation and other amortization 2,806 2,814
Impairments of assets 669 872
Changes in operating assets and liabilities:    
Insurance reserves 4,448 700
Premiums and other receivables and payables - net 300 347
Reinsurance assets and funds held under reinsurance treaties (12,705) (1,234)
Capitalization of deferred policy acquisition costs (3,593) (3,598)
Current and deferred income taxes - net (508) 962
Other, net (899) (1,367)
Total adjustments (9,804) (458)
Net cash provided by (used in) operating activities (9,195) 1,753
Sales or distribution of:    
Available for sale securities 27,733 22,077
Other securities 2,647 3,367
Other invested assets 4,396 5,255
Divested businesses, net 605  
Maturities of fixed maturity securities available for sale 22,126 18,210
Principal payments received on and sales of mortgage and other loans receivable 3,932 4,435
Purchases of:    
Available for sale securities (38,717) (42,572)
Other securities (355) (557)
Other invested assets (2,359) (2,472)
Mortgage and other loans receivable (6,517) (7,784)
Net change in restricted cash (23) (49)
Net change in short-term investments 2,815 (855)
Other, net (1,509) 1,270
Net cash provided by (used in) investing activities 14,774 325
Proceeds from (payments for)    
Policyholder contract deposits 13,164 13,584
Policyholder contract withdrawals (11,363) (9,986)
Issuance of long-term debt 2,405 11,430
Repayments of long-term debt (2,751) (7,683)
Issuance of Common Stock 0 0
Purchase of Common Stock (6,275) (8,506)
Dividends paid (884) (1,051)
Other, net 578 915
Net cash provided by (used in) financing activities (5,126) (1,297)
Effect of exchange rate changes on cash (21) 88
Net increase (decrease) in cash 432 869
Cash at beginning of year 1,868 1,629
Change in cash of businesses held for sale 133  
Cash at end of Period $ 2,433 $ 2,498