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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (5,813) $ 3,300
(Income) loss from discontinued operations (4) 1
Noncash revenues, expenses, gains and losses included in income (loss):    
Net gain on sales of securities available for sale and other assets (675) (600)
Net loss on sale or disposal of divested businesses 8,652 4
Losses on extinguishment of debt 15 13
Unrealized (gains) losses in earnings - net 72 (273)
Equity in loss from equity method investments, net of dividends or distributions 210 90
Depreciation and other amortization 3,223 3,833
Impairments of assets 79 237
Changes in operating assets and liabilities:    
Insurance reserves 1,818 (2,146)
Premiums and other receivables and payables - net 2,152 (42)
Reinsurance assets and funds held under reinsurance contracts (2,148) (1,200)
Capitalization of deferred policy acquisition costs (3,256) (4,181)
Current and deferred income taxes - net (1,793) 757
Other, net (300) (582)
Total adjustments 8,049 (4,090)
Net cash provided by (used in) operating activities 2,232 (789)
Sales or distribution of:    
Available for sale securities 17,303 17,498
Other securities 2,256 5,230
Other invested assets 3,159 3,345
Divested businesses, net 2,119 2
Maturities of fixed maturity securities available for sale 19,441 18,165
Principal payments received on and sales of mortgage and other loans receivable 5,177 4,233
Purchases of:    
Available for sale securities (43,228) (41,612)
Other securities (562) (723)
Other invested assets (2,197) (2,662)
Mortgage and other loans receivable (4,072) (6,512)
Net change in short-term investments (7,368) (4,586)
Other, net 2,751 2,829
Net cash used in investing activities (5,221) (4,793)
Proceeds from (payments for)    
Policyholder contract deposits 14,014 17,297
Policyholder contract withdrawals (12,184) (12,474)
Issuance of long-term debt and debt of consolidated investment entities 5,625 2,564
Repayments of long-term debt and debt of consolidated investment entities (3,249) (2,421)
Issuance of preferred stock, net of issuance costs 0 485
Purchase of common stock (500) 0
Dividends paid on preferred stock (22) (15)
Dividends paid on common stock (827) (835)
Other, net 425 1,354
Net cash provided by financing activities 3,282 5,955
Effect of exchange rate changes on cash and restricted cash 27 39
Net increase in cash and restricted cash 320 412
Cash and restricted cash at beginning of year 3,287 3,358
Cash and restricted cash at end of year $ 3,607 $ 3,770