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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Net earnings (loss) $ 2,781 $ (171)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances 626 588
Universal life and investment-type product policy fee income (1,816) (1,810)
(Increase) decrease in the fair value of the reinsurance contract asset (2,741) 760
(Income) loss related to derivative instruments (1,346) 578
Investment (gains) losses, net (39) 14
Realized and unrealized (gains) losses on trading securities (109) (11)
Amortization of deferred compensation 4 6
Amortization of deferred sales commissions 22 25
Other depreciation and amortization (28) 7
Amortization of reinsurance cost 64 20
Amortization of other intangible assets 14 14
Net broker-dealer and customer related receivables/payables (36) (106)
Reinsurance recoverable (92) (91)
Segregated cash and securities, net (101) 9
Deferred policy acquisition costs (84) (143)
Future policy benefits 1,314 562
Current and deferred income taxes 985 (513)
Accounts payable and accrued expenses 126 240
Other, net 119 (6)
Net cash provided by (used in) operating activities (346) (28)
Cash flows from investing activities:    
Fixed maturities, available for sale 3,273 2,678
Mortgage loans on real estate 300 350
Trading account securities 2,971 7,082
Other proceeds 23 108
Fixed maturities, available for sale (5,299) (3,441)
Mortgage loans on real estate (1,584) (362)
Trading account securities (3,977) (7,984)
Other payments (141) (65)
Cash settlements related to derivative instruments 659 (80)
Decrease in loans to affiliates 383 0
Change in short-term investments 61 5
Investment in capitalized software, leasehold improvements and EDP equipment (41) (24)
Other, net 95 104
Net cash provided by (used in) investing activities (3,277) (1,629)
Cash flows from financing activities:    
Deposits and transfers from Separate Accounts 4,159 2,204
Withdrawals (225) (440)
Change in short-term financings 4 (34)
Change in collateralized pledged assets 34 (158)
Change in collateralized pledged liabilities 869 (303)
Payments of Dividends (500) (517)
Repurchase of AB Holding units (84) (20)
Distribution to noncontrolling interests in consolidated entities (198) (214)
Increase (decrease) in Securities sold under agreement to repurchase 596 1,183
(Increase) decrease in securities purchased under agreement to resell (594) (149)
Other, net 1 13
Net cash provided by (used in) financing activities 4,016 1,565
Effect of exchange rate changes on cash and cash equivalents 6 (4)
Change in cash and cash equivalents 399 (96)
Cash and cash equivalents, beginning of year 3,063 2,716
Cash and Cash Equivalents, End of Period 3,462 2,620
Variable Interest Entity, Primary Beneficiary    
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:    
Variable interest entities (9) 0
Cash flows from financing activities:    
Distribution to noncontrolling interests in consolidated entities (46) $ 0
Cash and cash equivalents, beginning of year 0  
Cash and Cash Equivalents, End of Period $ 35