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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income (loss) $ 4,169 $ 61 $ (6,056)
Loss from discontinued operations (48) 42 (4)
Noncash revenues, expenses, gains and losses included in income (loss):      
Net gains on sales of securities available for sale and other assets (862) 98 (431)
Net (gain) loss on sale of divested businesses 75 (38) (68)
(Gain) loss on extinguishment of debt 32 7 (5)
Unrealized losses in earnings - net 207 443 79
Equity in loss from equity method investments, net of dividends or distributions 260 363 350
Depreciation and other amortization 5,006 5,362 3,874
Impairments of assets 299 425 685
Changes in operating assets and liabilities:      
Insurance reserves (5,224) 1,065 2,637
Premiums and other receivables and payables - net 437 887 410
Reinsurance assets and funds held under reinsurance treaties 217 (3,289) (10,870)
Capitalization of deferred policy acquisition costs (5,403) (5,832) (4,819)
Current and deferred income taxes - net 912 0 6,981
Other, net (1,005) 467 (581)
Total adjustments (5,049) (42) (1,758)
Net cash provided by (used in) operating activities (928) 61 (7,818)
Sales or distribution of:      
Available for sale securities 22,145 25,143 31,082
Other securities 7,918 3,755 3,792
Other invested assets 4,185 4,365 6,913
Divested businesses, net 2 10 792
Maturities of fixed maturity securities available for sale 25,488 24,777 29,011
Principal payments received on and sales of mortgage and other loans receivable 5,826 4,272 5,742
Purchases of:      
Available for sale securities (54,410) (44,109) (49,856)
Other securities (1,638) (1,318) (1,147)
Other invested assets (3,346) (2,839) (2,874)
Mortgage and other loans receivable (9,515) (10,286) (9,369)
Acquisition of businesses, net of cash and restricted cash acquired 0 (5,717) 0
Net change in short-term investments (3,633) 1,524 2,098
Other, net 1,503 200 (2,143)
Net cash provided by (used in) investing activities (5,475) (223) 14,041
Proceeds from (payments for)      
Policyholder contract deposits 22,307 24,178 17,908
Policyholder contract withdrawals (17,556) (17,999) (15,785)
Issuance of long-term debt and debt of consolidated investment entities 3,881 4,734 3,356
Repayments of long-term debt and debt of consolidated investment entities (3,202) (3,672) (3,698)
Issuance of preferred stock, net of issuance costs 485 0 0
Purchase of common stock 0 (1,739) (6,275)
Dividends paid on preferred stock (22) 0 0
Dividends paid on common stock (1,114) (1,138) (1,172)
Other, net 1,600 (3,570) (31)
Net cash provided by (used in) financing activities 6,379 794 (5,697)
Effect of exchange rate changes on cash and restricted cash 16 (11) (29)
Net increase (decrease) in cash and restricted cash (8) 621 497
Cash and restricted cash at beginning of year 3,358 2,737 2,107
Change in cash of businesses held for sale (63) 0 133
Cash and restricted cash at end of year $ 3,287 $ 3,358 $ 2,737