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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income (loss) $ 7,649 $ (272)
Income (loss) from discontinued operations (9) (2,327)
Noncash revenues, expenses, gains and losses included in income (loss):    
Net (gains) losses on sales of securities available for sale and other assets (2,827) (1,131)
Net (gains) losses on extinguishment of debt 32 3,392
Unrealized (gains) losses in earnings - net (4,578) 714
Equity in (income) loss from equity method investments, net of dividends or distributions (527) (840)
Depreciation and other amortization 5,541 5,618
Impairments of assets 1,371 3,052
Changes in operating assets and liabilities:    
General and life insurance reserves (1,119) 4,190
Premiums and other receivables and payables - net 1,220 686
Reinsurance assets and funds held under reinsurance treaties 272 (4,258)
Capitalization of deferred policy acquisition costs (4,260) (4,110)
Current and deferred income taxes - net 885 (1,829)
Payment of FRBNY Credit Facility accrued compounded interest and fees   (6,363)
Other, net (811) (1,093)
Total adjustments (4,801) (1,972)
Net cash provided by (used in) operating activities - continuing operations 2,839 (4,571)
Net cash provided by (used in) operating activities - discontinued operations   3,370
Net cash provided by (used in) operating activities 2,839 (1,201)
Proceeds from (payments for)    
Sales of available for sale and hybrid investments 30,789 33,063
Maturities of fixed maturity securities available for sale and hybrid investments 16,623 15,021
Sales of trading securities 14,541 9,105
Sales or distributions of other invested assets (including flight equipment) 11,007 6,539
Sales of divested businesses, net   587
Principal payments received on and sales of mortgage and other loans receivable 2,251 2,515
Purchases of available for sale and hybrid investments (47,842) (69,598)
Purchases of trading securities (2,871) (960)
Purchases of other invested assets (including flight equipment) (4,871) (5,351)
Mortgage and other loans receivable issued and purchased (2,110) (1,735)
Net change in restricted cash 695 26,408
Net change in short-term investments 1,141 15,410
Net change in derivative assets and liabilities (118) 982
Other, net (77) (318)
Net cash provided by (used in) investing activities - continuing operations 19,158 31,668
Net cash provided by (used in) investing activities - discontinued operations   4,478
Net cash provided by (used in) investing activities 19,158 36,146
Proceeds from (payments for)    
Policyholder contract deposits 10,092 13,907
Policyholder contract withdrawals (10,426) (10,538)
FRBNY credit facility repayments   (14,622)
Issuance of long-term debt 7,985 6,297
Repayments of long-term debt (9,847) (14,944)
Proceeds from drawdown on the Department of the Treasury Commitment   20,292
Repayment of Department of the Treasury SPV Preferred Interests (8,636) (11,453)
Repayment of FRBNY SPV Preferred Interests   (26,432)
Issuance of Common Stock   5,055
Purchase of Common Stock (13,000)  
Acquisition of noncontrolling interest (175) (683)
Other, net 2,153 (381)
Net cash provided by (used in) financing activities - continuing operations (21,854) (33,502)
Net cash provided by (used in) financing activities - discontinued operations   (1,942)
Net cash provided by (used in) financing activities (21,854) (35,444)
Effect of exchange rate changes on cash (9) 37
Net increase (decrease) in cash 134 (462)
Cash at beginning of period 1,474 1,558
Change in cash of businesses held for sale   446
Cash at end of period $ 1,608 $ 1,542