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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net earnings (loss) $ 1,720 $ 854
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances 277 320
Universal life and investment-type product policy fee income (901) (886)
(Increase) decrease in the fair value of the reinsurance contract asset (1,637) (690)
(Income) loss related to derivative instruments (748) (337)
Investment (gains) losses, net (13) 3
Realized and unrealized (gains) losses on trading securities (66) (39)
Amortization of deferred compensation 1 2
Amortization of deferred sales commissions 11 12
Other depreciation and amortization 4 32
Amortization of reinsurance cost 9 56
Amortization of other intangible assets 7 7
Net broker-dealer and customer related receivables/payables 398 63
Reinsurance recoverable with affiliate (145) (40)
Segregated cash and securities, net (159) (44)
Deferred policy acquisition costs (10) (4)
Future policy benefits 572 397
Current and deferred income taxes 733 284
Accounts payable and accrued expenses (2) 103
Other, net 50 125
Net cash provided by (used in) operating activities 99 218
Cash flows from investing activities:    
Fixed maturities, available for sale 1,255 1,572
Mortgage loans on real estate 167 59
Trading account securities 1,788 4,510
Other proceeds 10 44
Fixed maturities, available for sale (2,359) (2,046)
Mortgage loans on real estate (692) (110)
Trading account securities (2,100) (4,957)
Other payments (26) (39)
Cash settlements related to derivative instruments 458 600
Decrease in loans to affiliates 382 0
Change in short-term investments (94) 4
Investment in capitalized software, leasehold improvements and EDP equipment (20) (12)
Other, net 78 20
Net cash provided by (used in) investing activities (1,153) (355)
Cash flows from financing activities:    
Deposits and transfers from Separate Accounts 1,507 1,001
Withdrawals (121) (223)
Change in short-term financings (98) 16
Change in collateralized pledged assets 36 30
Change in collateralized pledged liabilities 319 (1)
Repurchase of AB Holding units (40) (17)
Distribution to noncontrolling interests in consolidated entities (111) (118)
Increase (decrease) in Securities sold under agreement to repurchase 147 17
(Increase) decrease in securities purchased under agreement to resell (126) (412)
Other, net 3 6
Net cash provided by (used in) financing activities 1,468 299
Effect of exchange rate changes on cash and cash equivalents 8 (9)
Change in cash and cash equivalents 422 153
Cash and cash equivalents, beginning of year 3,063 2,716
Cash and Cash Equivalents, End of Period 3,485 2,869
Variable Interest Entity, Primary Beneficiary    
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:    
Variable interest entities (2) 0
Cash flows from financing activities:    
Distribution to noncontrolling interests in consolidated entities (48) $ 0
Cash and cash equivalents, beginning of year 0  
Cash and Cash Equivalents, End of Period $ 33