SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2017

Accounting Changes and Error Corrections [Abstract]

Schedule of Prior Period Financial Statements

	Six Months Ended June 30,
	As Previously Reported				Impact of Revisions						As Revised
	2017		2016		2017			2016			2017		2016
	(In millions)
Statements of Equity:
Retained earnings, beginning of year	$	7,983	$	8,958	$	(86	)	$	(62	)	$	7,897	$	8,896
Net income (loss)	915		2,572		(9		)	(4		)	906		2,568
Retained earnings, end of period	8,779		11,030		(95		)	(66		)	8,684		10,964
Accumulated other comprehensive income, beginning of year earnings, beginning of year	7		228		—			(20		)	7		208
Other comprehensive income (loss)	486		1,409		—			(9		)	486		1,400
Accumulated other comprehensive income, end of period	493		1,637		—			(29		)	493		1,608
Total AXA Equitable’s equity, end of period	14,635		17,987		(95		)	(95		)	14,540		17,892
Noncontrolling interest, beginning of year	3,085		3,086		11			(27		)	3,096		3,059
Net income (loss) attributable to noncontrolling interest	118		203		—			1			118		204
Noncontrolling interest, end of period	—		3,026		11			(15		)	11		3,011
Total Equity, End of Period	$	17,617	$	21,013	$	(84	)	$	(110	)	$	17,533	$	20,903

	Six Months Ended June 30,
	As Previously Reported						Impact of Revisions						As Revised
	2017			2016			2017			2016			2017			2016
	(In millions)
Statements of Cash flows:
Cash flow from operating activities:
Net income (loss)	$	1,146		$	2,781		$	(9	)	$	(5	)	$	1,137		$	2,776
Policy charges and fee income	(1,761		)	(1,816		)	(86		)	70			(1,847		)	(1,746		)
Interest credited to policyholders’ account balances	658			525			—			(49		)	658			476
Net derivative (gains) loss	(969		)	(3,840		)	30			(86		)	(939		)	(3,926		)
Deferred Policy Acquisition costs	43			(84		)	3			75			46			(9		)
Changes in:
Future policy benefits	1,381			1,168			10			172			1,391			1,340
Reinsurance recoverable	(251		)	(92		)	57			(178		)	(194		)	(270		)
Current and deferred income taxes	(16		)	985			(5		)	1			(21		)	986
Other	—			119			—			(48		)	—			71
Net cash provided by (used in) operating activities	$	(75	)	$	(337	)	$	—		$	(48	)	$	(75	)	$	(385	)
(Decrease) increase in overdraft payables	$	—		$	—		$	—		$	48		$	—		$	48
Net cash provided by (used in) financing activities	$	—		$	4,016		$	—		$	48		$	—		$	4,064

The following table presents the effects of the revision to the Company's previously reported Consolidated Balance Sheets as of June 30, 2017 and 2016:

	As Previously Reported				Impact of Revisions						As Revised
	June 30				June 30						June 30
	2017		2016		2017			2016			2017		2016
	(In millions)
Assets:
Other equity investments	$	1,477	$	1,447	$	(21	)	$	(100	)	$	1,456	$	1,347
Trading securities, at fair value	—		7,843		—			73			—		7,916
Other invested assets	2,622		2,811		32			38			2,654		2,849
Total investments	62,111		60,979		11			11			62,122		60,990
DAC	4,141		4,496		(135		)	(126		)	4,006		4,370
Amounts due from reinsurers	4,870		4,523		31			49			4,901		4,572
Other assets	—		4,501		—			2			—		4,503
Total Assets	$	214,941	$	207,042	$	(93	)	$	(64	)	$	214,848	$	206,978
	—		—		—			—			—		—
Liabilities:
Policyholders' account balance	$	41,531	$	35,661	$	(15	)	$	(108	)	$	41,516	$	35,553
Future policyholders' benefits and other policyholders' liabilities	26,799		26,131		56			160			26,855		26,291
Current and deferred taxes	4,000		6,421		(50		)	(6		)	3,950		6,415
Total Liabilities	196,972		185,800		(9		)	46			196,963		185,846
Equity:
Retained Earnings	8,779		11,030		(95		)	(66		)	8,684		10,964
Accumulated other comprehensive income (loss)	493		1,637		—			(29		)	493		1,608
AXA Equitable Equity	14,635		17,987		(95		)	(95		)	14,540		17,892
Noncontrolling interest	2,973		3,026		11			(15		)	2,984		3,011
Equity	12,608		21,013		(84		)	(110		)	12,524		20,903
Total Liabilities and Equity	$	214,941	$	207,042	$	(93	)	$	(64	)	$	214,848	$	206,978

	Three Months Ended March 31,
	As Previously Reported					Impact of Revisions						As Revised
	2017			2016		2017			2016			2017			2016
	(In millions)
Statements of Equity:
Retained earnings, beginning of year	$	7,842		$	8,958	$	(65	)	$	(62	)	$	7,777		$	8,896
Net income (loss)	(431		)	1,603		1			16			(430		)	1,619
Retained earnings, end of period	7,411			10,561		(64		)	(46		)	7,347			10,515
Accumulated other comprehensive income, beginning of year earnings, beginning of year	7			228		—			(20		)	7			208
Other comprehensive income (loss)	172			786		—			6			172			792
Total AXA Equitable’s equity, end of period	12,934			16,894		(64		)	(60		)	12,870			16,834
Noncontrolling interest, beginning of year	3,085			3,086		11			(27		)	3,096			3,059
Net income (loss) attributable to noncontrolling interest	118			117		—			—			118			117
Noncontrolling interest, end of period	3,035			3,069		11			(27		)	3,046			3,042
Total Equity, End of Period	$	15,969		$	19,963	$	(53	)	$	(87	)	$	15,916		$	19,876

	Three Months Ended March 31,
	As Previously Reported						Impact of Revisions						As Revised
	2017			2016			2017			2016			2017			2016
	(In millions)
Statements of Cash flows:
Cash flow from operating activities:
Net income (loss)	$	(313	)	$	1,720		$	1		$	16		$	(312	)	$	1,736
Policy charges and fee income	(896		)	(901		)	(29		)	41			(925		)	(860		)
Interest credited to policyholders’ account balances	337			251			(1		)	(30		)	336			221
(Increase) decrease in the fair value of the reinsurance contract asset	—			—			—			—			—			—
Net derivative (gains) loss	724			(2,278		)	9			(108		)	733			(2,386		)
Deferred Policy Acquisition costs	125			(10		)	—			32			125			22
Changes in:
Variable interest entities	—			—			—			—			—			—
Future policy benefits	185			491			20			130			205			621
Reinsurance recoverable	(44		)	(145		)	—			(89		)	(44		)	(234		)
Current and deferred income taxes	(327		)	733			—			8			(327		)	741
Accounts payable and accrued expenses	—			—			—			—			—			—
Other	—			50			—			91			—			141
Net cash provided by (used in) operating activities	$	18		$	99		$	—		$	91		$	18		$	190
(Decrease) increase in overdraft payables	$	50		$	—		$	—		$	(91	)	$	50		$	(91	)
Net cash provided by (used in) financing activities	$	2,306		$	1,468		$	—		$	(91	)	$	2,306		$	1,377

The following tables present line items for prior period financial statements that have been affected by the revision. For these items, the tables detail the amounts as previously reported, the impact upon those line items due to the revision, and the amounts as currently revised within the financial statements.

	September 30, 2016
	As Previously Reported		Impact of Revisions			As Revised
	(In millions)
Assets:
Other equity investments	$	1,454	$	(93	)	$	1,361
Trading securities, at fair value	8,702		65			8,767
Other invested assets	2,192		39			2,231
Total investments	60,968		11			60,979
DAC	4,516		(123		)	4,393
Amounts due from reinsurers	4,550		27			4,577
Total Assets	$	209,034	$	(85	)	$	208,949
	—		—			—
Liabilities:
Policyholders' account balance	$	36,920	$	(76	)	$	36,844
Future policyholders' benefits and other policyholders' liabilities	26,191		109			26,300
Current and deferred taxes	6,160		(46		)	6,114
Total Liabilities	188,005		(13		)	187,992
	—		—			—
Equity:
Retained Earnings	10,954		(83		)	10,871
AXA Equitable Equity	17,882		(83		)	17,799
Noncontrolling interest	3,001		11			3,012
Equity	20,883		(72		)	20,811
Total Liabilities and Equity	$	209,034	$	(85	)	$	208,949

The following table presents the effects of the accounting change to the Company’s previously reported consolidated statement of balance sheets as of September 30, 2016:

	As Previously Reported and Adjusted Herein		Impact of Accounting Change			As Revised
	September 30,		September 30,			September 30,
	2016		2016			2016
	(In millions)
Assets:
DAC	4,393		483			4,876
Total Assets	$	208,949	$	483		$	209,432
Liabilities:
Future policyholders' benefits and other policyholders' liabilities	26,300		5,169			31,469
Current and deferred taxes	6,114		(1,641		)	4,473
Total Liabilities	187,992		3,528			191,520
Equity:
Retained Earnings	10,871		(2,961		)	7,910
Accumulated other comprehensive income (loss)	1,613		(84		)	1,529
AXA Equitable Equity	17,799		(3,045		)	14,754
Equity	20,811		(3,045		)	17,766
Total Liabilities and Equity	$	208,949	$	483		$	209,432

The following table presents the effects of the revision to the Company’s previously reported Consolidated Statements of Income (Loss), Statements of Comprehensive Income (Loss), Statements of Equity and Cash Flows for the three and six months ended June 30, 2017 and 2016:

	Three Months Ended June 30, 2017									Six Months Ended June 30, 2017
	As Previously Reported			Impact of Revisions			As Revised			As Previously Reported			Impact of Revisions			As Revised
	(In millions)
Statements of Income (Loss):
Revenues:
Policy charges and fee income	$	865		$	59		$	924		$	1,761		$	86		$	1,847
Net derivative gains (losses)	1,693			(38		)	1,655			969			(30		)	939
Total revenues	4,488			21			4,509			6,477			56			6,533
Benefits and other deductions:
Policyholders' benefits	1,452			30			1,482			2,343			67			2,410
Amortization of deferred policy acquisition costs, net	(82		)	4			(78		)	43			3			46
Total benefits and other deductions	2,691			34			2,725			5,253			70			5,323
Income (loss) from operations, before income taxes	1,797			(13		)	1,784			1,224			(14		)	1,210
Income tax (expense) benefit	(338		)	4			(334		)	(78		)	5			(73		)
Net income (loss)	1,459			(9		)	1,450			1,146			(9		)	1,137
	—
Less: net (income) loss attributable to the noncontrolling interest	(113		)	—			(113		)	(231		)	—			(231		)
Net income (loss) attributable to AXA Equitable	$	1,346		$	(9	)	$	1,337		$	915		$	(9	)	$	906
Statements of Comprehensive Income (Loss):
Net income (loss)	$	1,459		$	(9	)	$	1,450		$	1,146		$	(9	)	$	1,137
Comprehensive income (loss)	1,753			(9		)	1,744			1,619			(9		)	1,610
Comprehensive income (loss) attributable to AXA Equitable	$	1,660		$	(9	)	$	1,651		$	1,619		$	(9	)	$	1,610

	Three Months Ended June 30, 2016									Six Months Ended June 30, 2016
	As Previously Reported			Impact of Revisions			As Revised			As Previously Reported			Impact of Revisions			As Revised
	(In millions)
Statements of Income (Loss):
Revenues:
Policy charges and fee income	$	915		$	(29	)	$	886		$	1,816		$	(70	)	$	1,746
Premiums	121			82			203			247			165			412
Net derivative gains (losses)	1,562			(22		)	1,540			3,840			86			3,926
Total revenues	4,297			31			4,328			9,084			181			9,265
Benefits and other deductions:
Policyholders' benefits	1,211			35			1,246			2,280			159			2,439
Interest credited to Policyholders' Account Balances	274			(19		)	255			525			(49		)	476
Amortization of deferred policy acquisition costs, net	(74		)	43			(31		)	(84		)	75			(9		)
Total benefits and other deductions	2,581			59			2,640			5,054			185			5,239
Income (loss) from operations, before income taxes	1,576			(28		)	1,548			4,030			(4		)	4,026
Income tax (expense) benefit	(515		)	7			(508		)	(1,249		)	(1		)	(1,250		)
Net income (loss)	1,061			(21		)	1,040			2,781			(5		)	2,776
	—
Less: net (income) loss attributable to the noncontrolling interest	(92		)	1			(91		)	(209		)	1			(208		)
Net income (loss) attributable to AXA Equitable	$	969		$	(20	)	$	949		$	2,572		$	(4	)	$	2,568
Statements of Comprehensive Income (Loss):
Net income (loss)	$	1,061		$	(21	)	$	1,040		$	2,781		$	(5	)	$	2,776
Change in unrealized gains (losses), net of reclassification adjustment	625			(15		)	610			1,405			(9		)	1,396
Other comprehensive income	620			(15		)	605			1,409			(9		)	1,400
Comprehensive income (loss)	1,681			(36		)	1,645			4,190			(14		)	4,176
Less: Comprehensive (income) loss attributable to noncontrolling interest	$	(89	)	$	1		$	(88	)	$	(209	)	$	1		$	(208	)
Comprehensive income (loss) attributable to AXA Equitable	$	1,592		$	(35	)	$	1,557		$	3,981		$	(13	)	$	3,968

The following tables present line items for prior period financial statements that have been affected by the revision. For these items, the tables detail the amounts as previously reported, the impact upon those line items due to the revision, and the amounts as currently revised within the financial statements.

	September 30, 2016
	As Previously Reported		Impact of Revisions			As Revised
	(In millions)
Assets:
Other equity investments	$	1,454	$	(93	)	$	1,361
Trading securities, at fair value	8,702		65			8,767
Other invested assets	2,192		39			2,231
Total investments	60,968		11			60,979
DAC	4,516		(123		)	4,393
Amounts due from reinsurers	4,550		27			4,577
Total Assets	$	209,034	$	(85	)	$	208,949
	—		—			—
Liabilities:
Policyholders' account balance	$	36,920	$	(76	)	$	36,844
Future policyholders' benefits and other policyholders' liabilities	26,191		109			26,300
Current and deferred taxes	6,160		(46		)	6,114
Total Liabilities	188,005		(13		)	187,992
	—		—			—
Equity:
Retained Earnings	10,954		(83		)	10,871
AXA Equitable Equity	17,882		(83		)	17,799
Noncontrolling interest	3,001		11			3,012
Equity	20,883		(72		)	20,811
Total Liabilities and Equity	$	209,034	$	(85	)	$	208,949

	Three Months Ended September 30, 2016									Nine Months Ended September 30, 2016
	As Previously Reported			Impact of Revisions			As Revised			As Previously Reported			Impact of Revisions			As Revised
	(In millions)
Statements of Income (Loss):
Revenues:
Policy charges and fee income	$	978		$	(53	)	$	925		$	2,794		$	(123	)	$	2,671
Premiums	141			85			226			388			250			638
Net derivative gains (losses)	(656		)	(21		)	(677		)	3,184			65			3,249
Total revenues	2,006			11			2,017			11,090			192			11,282
Benefits and other deductions:
Policyholders' benefits	640			(16		)	624			2,920			143			3,063
Interest credited to Policyholders' Account Balances	272			31			303			797			(18		)	779
Amortization of deferred policy acquisition costs, net	4			43			47			(80		)	118			38
Total benefits and other deductions	2,036			58			2,094			7,090			243			7,333
Income (loss) from operations, before income taxes	(30		)	(47		)	(77		)	4,000			(51		)	3,949
Income tax (expense) benefit	52			58			110			(1,197		)	57			(1,140		)
Net income (loss)	22			11			33			2,803			6			2,809
Less: net (income) loss attributable to the noncontrolling interest	(98		)	(28		)	(126		)	(307		)	(27		)	(334		)
Net income (loss) attributable to AXA Equitable	$	(76	)	$	(17	)	$	(93	)	$	2,496		$	(21	)	$	2,475
Statements of Comprehensive Income (Loss):
Net income (loss)	$	22		$	11		$	33		$	2,803		$	6		$	2,809
Change in unrealized gains (losses), net of reclassification adjustment	(22		)	30			8			1,383			20			1,403
Other comprehensive income	(23		)	30			7			1,386			20			1,406
Comprehensive income (loss)	(1		)	41			40			4,189			26			4,215
Less: Comprehensive (income) loss attributable to noncontrolling interest	$	(99	)	$	(28	)	$	(127	)	$	(308	)	$	(27	)	$	(335	)
Comprehensive income (loss) attributable to AXA Equitable	$	(100	)	$	13		$	(87	)	$	3,881		$	(1	)	$	3,880

Nine Months Ended September 30, 2016	As Previously Reported		Impact of Revisions			As Revised
	(in millions)
Statements of Equity:
Retained earnings, beginning of year	$	8,958	$	(62	)	$	8,896
Net income (loss)	2,496		(21		)	2,475
Retained earnings, end of period	10,954		(83		)	10,871
Accumulated other comprehensive income, beginning of year earnings, beginning of year	228		(20		)	208
Other comprehensive income (loss)	1,385		20			1,405
Total AXA Equitable’s equity, end of period	17,882		(83		)	17,799
Noncontrolling interest, beginning of year	3,086		(27		)	3,059
Net income (loss) attributable to noncontrolling interest	299		27			326
Noncontrolling interest, end of period	3,001		11			3,012
Total Equity, End of Period	$	20,883	$	(72	)	$	20,811

Nine Months Ended September 30, 2016	As Previously Reported			Impact of Revisions			As Revised
	(In millions)
Statements of Cash flows:
Cash flow from operating activities:
Net income (loss)	$	2,803		$	6		$	2,809
Policy charges and fee income	(2,794		)	123			(2,671		)
Interest credited to policyholders’ account balances	797			(18		)	779
Net derivative (gains) loss	(3,184		)	(65		)	(3,249		)
Deferred Policy Acquisition costs	(80		)	118			38
Changes in:
Future policy benefits	1,253			(45		)	1,208
Reinsurance recoverable	(120		)	(62		)	(182		)
Current and deferred income taxes	704			(57		)	647
Net cash provided by (used in) operating activities	$	(165	)	$	—		$	(165	)

	As Previously Reported				Impact of Revisions						As Revised
	December 31,				December 31,						December 31,
	2016		2015		2016			2015			2016		2015
	(In millions)
Assets:
Other equity investments	$	1,408	$	1,477	$	(29	)	$	(81	)	$	1,379	$	1,396
Trading securities, at fair value	9,134		6,805		—			81			9,134		6,886
Other invested assets	2,186		1,788		40			—			2,226		1,788
Total investments	58,416		52,527		11			—			58,427		52,527
DAC	4,301		4,469		(175		)	(36		)	4,126		4,433
Amounts due from reinsurers	4,635		4,466		29			46			4,664		4,512
Guaranteed minimum income benefit reinsurance asset, at fair value	10,309		10,570		—			8			10,309		10,578
Other assets	4,260		4,634		—			13			4,260		4,647
Total Assets	$	203,764	$	194,626	$	(135	)	$	31		$	203,629	$	194,657
Liabilities:
Policyholders' account balance	$	38,782	$	33,033	$	43		$	(138	)	$	38,825	$	32,895
Future policyholders' benefits and other policyholders' liabilities	25,358		24,531		123			332			25,481		24,863
Current and deferred taxes	3,816		4,647		(109		)	(2		)	3,707		4,645
Other liabilities	2,108		2,586		—			(52		)	2,108		2,534
Total Liabilities	186,945		177,018		57			140			187,002		177,158
Equity:
Retained Earnings	7,983		8,958		(203		)	(62		)	7,780		8,896
Accumulated other comprehensive income (loss)	7		228		—			(20		)	7		208
AXA Equitable Equity	13,331		14,509		(203		)	(82		)	13,128		14,427
Noncontrolling interest	3,085		3,086		11			(27		)	3,096		3,059
Equity	16,416		17,595		(192		)	(109		)	16,224		17,486
Total Liabilities and Equity	$	203,764	$	194,626	$	(135	)	$	31		$	203,629	$	194,657

	As Previously Reported									Impact of Revisions									As Revised
	Year Ended December 31,									Year Ended December 31,									Year Ended December 31,
	2016			2015			2014			2016			2015			2014			2016			2015			2014
	(In millions)
Statements of Income (Loss):
Revenues:
Policy charges and fee income	$	3,423		$	3,208		$	3,115		$	192		$	316		$	248		$	3,615		$	3,524		$	3,363
Premiums	880			854			874			(26		)	(26		)	(27		)	854			828			847
Net derivative gains (losses)	(1,277		)	(208		)	5,409			43			(131		)	(168		)	(1,234		)	(339		)	5,241
Total revenues	9,151			9,833			15,480			209			159			53			9,360			9,992			15,533
Benefits and other deductions:
Policyholders' benefits	2,913			2,743			3,579			172			123			375			3,085			2,866			3,954
Interest credited to Policyholder's Account Balances	981			1,048			1,155			101			(72		)	(118		)	1,082			976			1,037
Amortization of deferred policy acquisition costs	162			(331		)	(413		)	171			13			34			333			(318		)	(379		)
Other operating costs and expenses	1,458			1,415			1,692			—			82			(24		)	1,458			1,497			1,668
Total benefits and other deductions	8,720			8,183			9,365			444			146			267			9,164			8,329			9,632
Income (loss) from operations, before income taxes	431			1,650			6,115			(235		)	13			(214		)	196			1,663			5,901
Income tax (expense) benefit	113			(186		)	(1,695		)	121			(2		)	75			234			(188		)	(1,620		)
Net income (loss)	544			1,464			4,420			(114		)	11			(139		)	430			1,475			4,281
Less: net (income) loss attributable to the noncontrolling interest	(469		)	(403		)	(387		)	(27		)	—			—			(496		)	(403		)	(387		)
Net income (loss) attributable to AXA Equitable	$	75		$	1,061		$	4,033		$	(141	)	$	11		$	(139	)	$	(66	)	$	1,072		$	3,894
Statements of Comprehensive Income (Loss):
Net income (loss)	$	544		$	1,464		$	4,420		$	(114	)	$	11		$	(139	)	$	430		$	1,475		$	4,281
Change in unrealized gains (losses), net of reclassification adjustment	(217		)	(881		)	969			20			(20		)	—			(197		)	(901		)	969
Total other comprehensive income (loss), net of income taxes	(238		)	(910		)	925			20			(20		)	—			(218		)	(930		)	925
Comprehensive income (loss)	306			554			5,345			(94		)	(9		)	(139		)	212			545			5,206
Less: Comprehensive (income) loss attributable to noncontrolling interest	(452		)	(388		)	(358		)	(27		)	—			—			(479		)	(388		)	(358		)
Comprehensive income (loss) attributable to AXA Equitable	$	(146	)	$	166		$	4,987		$	(121	)	$	(9	)	$	(139	)	$	(267	)	$	157		$	4,848

	As Previously Reported									Impact of Revisions									As Revised
	Year Ended December 31,									Year Ended December 31,									Year Ended December 31,
	2016			2015			2014			2016			2015			2014			2016			2015			2014
	(In millions)
Statements of Equity:
Capital in excess of par value, beginning of year	$	5,321		$	5,957		$	5,934		$	—		$	—		$	(26	)	$	5,321		$	5,957		$	5,908
Deferred tax on dividend of AB Units	—			(35		)	(26		)	—			—			26			—			(35		)	—
Capital in excess of par value, end of year	5,339			5,321			5,957			—			—			—			5,339			5,321			5,957
Retained earnings, beginning of year	$	8,958		$	8,809		$	5,205		$	(62	)	$	(73	)	$	18		$	8,896		$	8,736		$	5,223
Stockholder dividends	(1,050		)	(912		)	(429		)	—			—			48			$	(1,050	)	$	(912	)	$	(381	)
Net income (loss)	75			1,061			4,033			(141		)	11			(139		)	(66		)	1,072			3,894
Retained earnings, end of period	7,983			8,958			8,809			(203		)	(62		)	(73		)	7,780			8,896			8,736
Accumulated other comprehensive income (loss), beginning of year	228			351			(603		)	(20		)	—			—			208			351			(603		)
Other comprehensive income (loss)	(221		)	(895		)	954			20			(20		)	—			(201		)	(915		)	954
Accumulated other comprehensive income (loss), end of year	7			228			351			—			(20		)	—			7			208			351
Total AXA Equitable’s equity, end of period	13,331			14,509			15,119			(203		)	(82		)	(73		)	13,128			14,427			15,046
Noncontrolling interest, beginning of year	3,086			2,989			2,903			(27		)	(27		)	21			3,059			2,962			2,924
Net income (loss) attributable to noncontrolling interest	464			403			387			27			—			—			491			403			387
Dividend of AB Units by AXA Equitable to AXA Financial	—			145			48			—			—			(48		)	—			145			—
Other changes in noncontrolling interest	104			132			143			11			—			—			115			132			143
Noncontrolling interest, end of year	3,085			3,086			2,989			11			(27		)	(27		)	3,096			3,059			2,962
Total Equity, End of Period	$	16,416		$	17,595		$	18,108		$	(192	)	$	(109	)	$	(100	)	$	16,224		$	17,486		$	18,008
Statements of Cash flows:
Cash flow from operating activities:
Net income (loss)	$	544		$	1,464		$	4,420		$	(114	)	$	11		$	(139	)	$	430		$	1,475		$	4,281
Policy charges and fee income	(3,423		)	(3,208		)	(3,115		)	(192		)	(316		)	(248		)	(3,615		)	(3,524		)	(3,363		)
Interest credited to policyholders’ account balances	981			1,048			1,155			101			(72		)	(118		)	1,082			976			1,037
Net derivative (gains) loss	462			208			(5,409		)	(43		)	131			168			419			339			(5,241		)
Amortization of deferred cost of reinsurance asset	159			39			302			—			82			(10		)	159			121			292
Changes in:
Future policy benefits	803			878			1,518			(32		)	162			214			771			1,040			1,732
Deferred Policy Acquisition costs	162			(331		)	(413		)	171			13			34			333			(318		)	(379		)
Reinsurance recoverable	(534		)	(916		)	(488		)	230			(13		)	174			(304		)	(929		)	(314		)
Current and deferred income taxes	(771		)	258			1,448			(121		)	2			(75		)	(892		)	260			1,373
Other	31			111			(98		)	—			(80		)	39			31			31			(59		)
Net cash provided by (used in) operating activities	$	(461	)	$	(244	)	$	(639	)	$	—		$	(80	)	$	39		$	(461	)	$	(324	)	$	(600	)

	As Previously Reported							Impact of Revisions								As Revised
	Year Ended December 31,							Year Ended December 31,								Year Ended December 31,
	2016			2015		2014		2016			2015		2014			2016			2015		2014
	(In millions)
Cash flows from financing activities:
Policyholders' accounts balance deposits	$	9,342		$	5,757	$	6,011	$	404		$	—	$	—		$	9,746		$	5,757	$	6,011
Policyholders' accounts balance transfer (to) from Separate Accounts	1,606			1,045		815		(404		)	—		—			1,202			1,045		815
(Decrease) increase in overdrafts payable	(85		)	—		—		—			80		(39		)	(85		)	80		(39		)
Net cash provided by (used in) financing activities	$	5,751		$	3,034	$	3,843	$	—		$	80	$	(39	)	$	5,751		$	3,114	$	3,804

Schedule of Changes in Accounting Principles

The following table presents the effects of the accounting change to the Company’s previously reported consolidated statement of balance sheets as of September 30, 2016:

	As Previously Reported and Adjusted Herein		Impact of Accounting Change			As Revised
	September 30,		September 30,			September 30,
	2016		2016			2016
	(In millions)
Assets:
DAC	4,393		483			4,876
Total Assets	$	208,949	$	483		$	209,432
Liabilities:
Future policyholders' benefits and other policyholders' liabilities	26,300		5,169			31,469
Current and deferred taxes	6,114		(1,641		)	4,473
Total Liabilities	187,992		3,528			191,520
Equity:
Retained Earnings	10,871		(2,961		)	7,910
Accumulated other comprehensive income (loss)	1,613		(84		)	1,529
AXA Equitable Equity	17,799		(3,045		)	14,754
Equity	20,811		(3,045		)	17,766
Total Liabilities and Equity	$	208,949	$	483		$	209,432

The following tables present line items for prior periods that have been affected by the accounting change. For these items, the tables detail the amounts as previously reported and adjusted herein, the impact upon those line items due to the accounting change, and the amounts as currently revised within the financial statements.

	Three Months Ended September 30, 2016									Nine Months Ended September 30, 2016
	As Previously Reported and Adjusted Herein			Impact of Accounting Change			As Revised			As Previously Reported and Adjusted Herein			Impact of Accounting Change			As Revised
	(In millions)
Statements of Income (Loss):
Revenues:
Policy charges and fee income	$	925		$	(71	)	$	854		$	2,671		$	(203	)	$	2,468
Net derivative gains (losses)	(677		)	231			(446		)	3,249			454			1,621
Total revenues	2,017			160			2,177			11,282			(1,831		)	9,451
Benefits and other deductions:
Policyholders' benefits	624			(8		)	616			3,063			(390		)	2,790
Amortization of deferred policy acquisition costs, net	47			8			55			38			26			64
Total benefits and other deductions	2,094			—			2,094			7,333			(247		)	7,086
Income (loss) from operations, before income taxes	(77		)	160			83			3,949			(1,584		)	2,365
Income tax (expense) benefit	110			(56		)	54			(1,140		)	554			(586		)
Net income (loss)	33			104			137			2,809			(1,030		)	1,779
Net income (loss) attributable to AXA Equitable	$	(93	)	$	104		$	11		$	2,475		$	(1,030	)	$	1,445
Statements of Comprehensive Income (Loss):
Net income (loss)	$	33		$	104		$	137		$	2,809		$	(1,030	)	$	1,779
Change in unrealized gains (losses), net of reclassification adjustment	8			8			16			1,403			(61		)	1,342
Other comprehensive income	7			8			15			1,406			(61		)	1,345
Comprehensive income (loss)	40			112			152			4,215			(1,091		)	3,124
Comprehensive income (loss) attributable to AXA Equitable	$	(87	)	$	—		$	25		$	3,880		$	—		$	2,789

Nine Months Ended September 30, 2016	As Previously Reported and Adjusted Herein		Impact of Accounting Change			As Revised
	(In millions)
Statements of Equity:
Retained earnings, beginning of year	$	8,896	$	(1,933	)	$	6,963
Net income (loss)	2,475		(1,030		)	1,445
Retained earnings, end of period	10,871		(2,963		)	7,908
Accumulated other comprehensive income, beginning of year earnings, beginning of year	208		(23		)	185
Other comprehensive income (loss)	1,405		(61		)	1,344
Accumulated other comprehensive income, end of period	1,613		(84		)	1,529
Total AXA Equitable’s equity, end of period	17,799		(5,926		)	14,752
						—
Total Equity, End of Period	$	20,811	$	—		$	17,764

Nine Months Ended September 30, 2016	As Previously Reported and Adjusted Herein			Impact of Accounting Change			As Revised
	(In millions)
Statements of Cash flows:
Cash flow from operating activities:
Net income (loss)	$	2,809		$	(1,030	)	$	1,779
Policy charges and fee income	(2,671		)	203			(2,468		)
Net derivative (gains) loss	(3,249		)	1,628			(1,621		)
Changes in:
Future policy benefits	1,208			(273		)	935
Deferred Policy Acquisition costs	38			26			64
Current and deferred income taxes	647			(554		)	93
Net cash provided by (used in) operating activities	$	(165	)	$	—		$	(165	)

The following table presents the effects of the accounting change to the Company's previously reported consolidated balance sheets as of December 31, 2016 and 2015:

	As Previously Reported and Adjusted Herein				Impact of Accounting Change						As Revised
	December 31,				December 31,						December 31,
	2016		2015		2016			2015			2016		2015
	(In millions)
Assets:
DAC	4,126		4,433		540			563			4,666		4,996
Total Assets	$	203,629	$	194,657	$	540		$	563		$	204,169	$	195,220
Liabilities:
Future policyholders' benefits and other policyholders' liabilities	25,481		24,863		3,378			3,572			28,859		28,435
Current and deferred taxes	3,707		4,645		(993		)	(1,053		)	2,714		3,592
Total Liabilities	187,002		177,158		2,385			2,519			189,387		179,677
Equity:
Retained Earnings	7,780		8,896		(1,845		)	(1,933		)	5,941		6,963
Accumulated other comprehensive income (loss)	7		208		(6		)	(23		)	1		185
AXA Equitable Equity	13,128		14,427		(1,845		)	(1,956		)	11,283		12,471
Equity	16,224		17,486		(1,845		)	(1,956		)	14,379		15,530
Total Liabilities and Equity	$	203,629	$	194,657	$	(3,150	)	$	563		$	204,169	$	195,220

	As Previously Reported and Adjusted Herein									Impact of Accounting Change									As Revised
	Year Ended December 31,									Year Ended December 31,									Year Ended December 31,
	2016			2015			2014			2016			2015			2014			2016			2015			2014
	(In millions)
Statements of Income (Loss):
Revenues:
Policy charges and fee income	$	3,615		$	3,524		$	3,363		$	(273	)	$	(240	)	$	(207	)	$	3,342		$	3,284		$	3,156
Net derivative gains (losses)	(1,234		)	(339		)	5,241			114			(733		)	(1,823		)	(1,120		)	(1,072		)	3,418
Total revenues	9,360			9,992			15,533			(159		)	(973		)	(2,030		)	9,201			9,019			13,503
Benefits and other deductions:
Policyholders' benefits	3,085			2,866			3,954			(339		)	(411		)	(247		)	2,746			2,455			3,707
Amortization of deferred policy acquisition costs	333			(318		)	(379		)	35			61			34			368			(257		)	(345		)
Total benefits and other deductions	9,164			8,329			9,632			(304		)	(350		)	(213		)	8,860			7,979			9,419
Income (loss) from operations, before income taxes	196			1,663			5,901			145			(623		)	(1,817		)	341			1,040			4,084
Income tax (expense) benefit	234			(188		)	(1,620		)	(51		)	218			636			183			30			(984		)
Net income (loss)	430			1,475			4,281			94			(405		)	(1,181		)	524			1,070			3,100
Net income (loss) attributable to AXA Equitable	$	(66	)	$	1,072		$	3,894		$	94		$	(405	)	$	(1,181	)	$	28		$	667		$	2,713
Statements of Comprehensive Income (Loss):
Net income (loss)	$	430		$	1,475		$	4,281		$	94		$	(405	)	$	(1,181	)	$	524		$	1,070		$	3,100
Change in unrealized gains (losses), net of reclassification adjustment	(197		)	(901		)	969			17			70			(78		)	(180		)	(831		)	891
Total other comprehensive income (loss), net of income taxes	(218		)	(930		)	925			17			70			(78		)	(201		)	(860		)	847
Comprehensive income (loss)	212			545			5,206			111			(335		)	(1,259		)	323			210			3,947
Comprehensive income (loss) attributable to AXA Equitable	$	(267	)	$	157		$	4,848		$	111		$	(335	)	$	(1,259	)	$	(156	)	$	(178	)	$	3,589

	As Previously Reported and Adjusted Herein									Impact of Accounting Change									As Revised
	Year Ended December 31,									Year Ended December 31,									Year Ended December 31,
	2016			2015			2014			2016			2015			2014			2016			2015			2014
	(In millions)
Statements of Equity:
Retained earnings, beginning of year	$	8,896		$	8,736		$	5,223		$	(1,933	)	$	(1,528	)	$	(347	)	$	6,963		$	7,208		$	4,876
Stockholder dividends	(1,050		)	(912		)	(381		)	—			—			—			(1,050		)	(912		)	(381		)
Net income (loss)	(66		)	1,072			3,894			94			(405		)	(1,181		)	28			667			2,713
Retained earnings, end of period	7,780			8,896			8,736			(1,839		)	(1,933		)	(1,528		)	5,941			6,963			7,208
Accumulated other comprehensive income (loss), beginning of year	208			351			(603		)	(23		)	(93		)	(15		)	185			258			(618		)
Other comprehensive income (loss)	(201		)	(915		)	954			17			70			(78		)	(184		)	(845		)	876
Accumulated other comprehensive income (loss), end of year	7			208			351			(6		)	(23		)	(93		)	1			185			258
Total AXA Equitable’s equity, end of period	13,128			14,427			15,046			(1,845		)	(1,956		)	(1,621		)	11,283			12,471			13,425
Total Equity, End of Period	$	16,224		$	17,486		$	18,008		$	(1,845	)	$	(1,956	)	$	(1,621	)	$	14,379		$	15,530		$	16,387
Statements of Cash flows:
Cash flow from operating activities:
Net income (loss)	$	430		$	1,475		$	4,281		$	94		$	(405	)	$	(1,181	)	$	524		$	1,070		$	3,100
Policy charges and fee income	(3,615		)	(3,524		)	(3,363		)	273			240			207			(3,342		)	(3,284		)	(3,156		)
Net derivative (gains) loss	419			339			(5,241		)	(114		)	733			1,823			305			1,072			(3,418		)
Changes in:
Future policy benefits	771			1,040			1,732			(339		)	(411		)	(247		)	432			629			1,485
Deferred Policy Acquisition costs	333			(318		)	(379		)	35			61			34			368			(257		)	(345		)
Current and deferred income taxes	(892		)	260			1,373			51			(218		)	(636		)	(841		)	42			737
Net cash provided by (used in) operating activities	$	(461	)	$	(324	)	$	(600	)	$	—		$	—		$	—		$	(461	)	$	(324	)	$	(600	)

The following table presents the effects of the accounting change to the Company’s previously reported consolidated statements of income (loss), statements of comprehensive income (loss), statements of equity and cash flows for the three and nine months ended June 30, 2017 and 2016:

	Three Months Ended June 30, 2017									Six Months Ended June 30, 2017
	As Previously Reported and Adjusted Herein			Impact of Accounting Change			As Revised			As Previously Reported and Adjusted Herein			Impact of Accounting Change			As Revised
	(in millions)
Statements of Income (Loss):
Revenues:
Policy charges and fee income	$	924		$	(68	)	$	856		$	1,847		$	(135	)	$	1,712
Net derivative gains (losses)	1,655			342			1,997			939			775			1,714
Total revenues	4,509			274			4,783			6,533			640			7,173
Benefits and other deductions:
Policyholders' benefits	1,482			(134		)	1,348			2,410			(65		)	2,345
Amortization of deferred policy acquisition costs, net	(78		)	2			(76		)	46			4			50
Total benefits and other deductions	2,725			(132		)	2,593			5,323			(61		)	5,262
													—
Income (loss) from operations, before income taxes	1,784			406			2,190			1,210			701			1,911
Income tax (expense) benefit	(334		)	(142		)	(476		)	(73		)	(245		)	(318		)
				—									—
Net income (loss)	1,450			264			1,714			1,137			456			1,593
Net income (loss) attributable to AXA Equitable	$	1,337		$	264		$	1,601		$	906		$	456		$	1,362
Statements of Comprehensive Income (Loss):
Net income (loss)	$	1,450		$	264		$	1,714		$	1,137		$	456		$	1,593
Change in unrealized gains (losses), net of reclassification adjustment	314			1			315			458			(35		)	423
Other comprehensive income	294			1			295			473			(35		)	438
Comprehensive income (loss)	1,744			265			2,009			1,610			421			2,031
Comprehensive income (loss) attributable to AXA Equitable	$	1,651		$	265		$	1,916		$	1,610		$	421		$	2,031

	Three Months Ended June 30, 2016									Six Months Ended June 30, 2016
	As Previously Reported and Adjusted Herein			Impact of Accounting Change			As Revised			As Previously Reported and Adjusted Herein			Impact of Accounting Change			As Revised
	(in millions)
Statements of Income (Loss):
Revenues:
Policy charges and fee income	$	886		$	(67	)	$	819		$	1,746		$	(132	)	$	1,614
Net derivative gains (losses)	1,540			(797		)	743			3,926			(1,859		)	2,067
Total revenues	4,328			(864		)	3,464			9,265			(1,991		)	7,274
Benefits and other deductions:
Policyholders' benefits	1,246			(159		)	1,087			2,439			(265		)	2,174
Amortization of deferred policy acquisition costs, net	(31		)	9			(22		)	(9		)	18			9
Total benefits and other deductions	2,640			(150		)	2,490			5,239			(247		)	4,992
				—									—
Income (loss) from operations, before income taxes	1,548			(714		)	834			4,026			(1,744		)	2,282
Income tax (expense) benefit	(508		)	250			(258		)	(1,250		)	610			(640		)
Net income (loss)	1,040			(464		)	576			2,776			(1,134		)	1,642
	—			—									—
Net income (loss) attributable to AXA Equitable	$	949		$	(464	)	$	485		$	2,568		$	(1,134	)	$	1,434
Statements of Comprehensive Income (Loss):
Net income (loss)	$	1,040		$	(464	)	$	576		$	2,776		$	(1,134	)	$	1,642
Change in unrealized gains (losses), net of reclassification adjustment	610			—			610			1,396			(69		)	1,327
Other comprehensive income	605			—			605			1,400			(69		)	1,331
Comprehensive income (loss)	1,645			(464		)	1,181			4,176			(1,203		)	2,973
Comprehensive income (loss) attributable to AXA Equitable	$	1,557		$	(464	)	$	1,093		$	3,968		$	(1,203	)	$	2,765

The following table presents the effects of the accounting change to the Company's previously reported consolidated balance sheets as of March 31, 2017 and 2016:

	As Previously Reported and Adjusted Herein				Impact of Accounting Change						As Revised
	March 31,				March 31,						March 31,
	2017		2016		2017			2016			2017		2016
	(in millions)
Assets:
DAC	3,980		4,446		511			490			4,491		4,936
Total Assets	$	209,040	$	199,985	$	511		$	490		$	209,551	$	200,475
Liabilities:
Future policyholders' benefits and other policyholders' liabilities	25,541		25,485		3,108			4,635			28,649		30,120
Current and deferred taxes	3,489		5,847		(908		)	(1,451		)	2,581		4,396
Total Liabilities	192,707		179,890		2,200			3,184			194,907		183,074
Equity:
Retained Earnings	7,347		10,516		(1,647		)	(2,602		)	5,700		7,914
Accumulated other comprehensive income (loss)	179		1,000		(42		)	(92		)	137		908
AXA Equitable Equity	12,870		16,835		(1,689		)	(2,694		)	11,181		14,141
Equity	15,916		19,877		(1,689		)	(2,694		)	14,227		17,183
Total Liabilities and Equity	$	209,040	$	199,985	$	511		$	490		$	209,551	$	200,475

The following table presents the effects of the accounting change to the Company’s previously reported consolidated statements of income (loss), statements of comprehensive income (loss), statements of equity and cash flows for the three and nine months ended March 31, 2017 and 2016:

	Three Months Ended March 31, 2017									Three Months Ended March 31, 2016
	As Previously Reported and Adjusted Herein			Impact of Accounting Change			As Revised			As Previously Reported and Adjusted Herein			Impact of Accounting Change			As Revised
	(in millions)
Statements of Income (Loss):
Revenues:
Policy charges and fee income	$	925		$	(67	)	$	858		$	860		$	(65	)	$	795
Net derivative gains (losses)	(733		)	433			(300		)	2,386			(1,062		)	1,324
Total revenues	2,009			366			2,375			5,077			(1,127		)	3,950
Benefits and other deductions:							—									—
Policyholders' benefits	912			69			981			1,193			(106		)	1,087
Amortization of deferred policy acquisition costs, net	124			2			126			163			9			172
Total benefits and other deductions	2,581			71			2,652			2,599			(97		)	2,502
Income (loss) from operations, before income taxes	(572		)	295			(277		)	2,478			(1,030		)	1,448
Income tax (expense) benefit	260			(103		)	157			(742		)	361			(381		)
Net income (loss)	(312		)	192			(120		)	1,736			(669		)	1,067
Net income (loss) attributable to AXA Equitable	$	(430	)	$	192		$	(238	)	$	1,619		$	(669	)	$	950
Statements of Comprehensive Income (Loss):
Net income (loss)	$	(312	)	$	192		$	(120	)	$	1,736		$	(669	)	$	1,067
Change in unrealized gains (losses), net of reclassification adjustment	144			(36		)	108			786			(69		)	717
Other comprehensive income	179			(36		)	143			795			(69		)	726
Comprehensive income (loss)	(133		)	156			23			2,531			(738		)	1,793
Comprehensive income (loss) attributable to AXA Equitable	$	(258	)	$	156		$	(102	)	$	2,411		$	(738	)	$	1,673

	Three Months Ended March 31,
	As Previously Reported and Adjusted Herein					Impact of Accounting Change						As Revised
	2017			2016		2017			2016			2017			2016
	(in millions)
Statements of Equity:
Retained earnings, beginning of year	$	7,777		$	8,896	$	(1,839	)	$	(1,933	)	$	5,938		$	6,963
Net income (loss)	(430		)	1,619		192			(669		)	(238		)	950
Retained earnings, end of period	7,347			10,515		(1,647		)	(2,602		)	5,700			7,913
Accumulated other comprehensive income, beginning of year earnings, beginning of year	7			208		(6		)	(23		)	1			185
Other comprehensive income (loss)	172			792		(36		)	(69		)	136			723
Accumulated other comprehensive income, end of period	179			1,000		(42		)	(92		)	137			908
Total AXA Equitable’s equity, end of period	12,870			16,834		(1,689		)	(2,694		)	11,181			14,140
Total Equity, End of Period	$	15,916		$	19,876	$	(1,689	)	$	(2,694	)	$	14,227		$	17,182

	Three Months Ended March 31,
	As Previously Reported and Adjusted Herein						Impact of Accounting Change						As Revised
	2017			2016			2017			2016			2017			2016
	(in millions)
Statements of Cash flows:
Cash flow from operating activities:
Net income (loss)	$	(312	)	$	1,736		$	192		$	(669	)	$	(120	)	$	1,067
Policy charges and fee income	(925		)	(860		)	67			65			(858		)	(795		)
Net derivative (gains) loss	733			(2,386		)	(433		)	1,062			300			(1,324		)
Changes in:
Future policy benefits	205			621			69			(106		)	274			515
Deferred Policy Acquisition costs	125			22			2			9			127			31
Current and deferred income taxes	(327		)	741			103			(361		)	(224		)	380
Net cash provided by (used in) operating activities	$	18		$	190		$	—		$	—		$	18		$	190

	Six Months Ended June 30,
	As Previously Reported and Adjusted Herein				Impact of Accounting Change						As Revised
	2017		2016		2017			2016			2017		2016
	(in millions)
Statements of Equity:
Retained earnings, beginning of year	$	7,897	$	8,896	$	(1,839	)	$	(1,933	)	$	6,058	$	6,963
Net income (loss)	906		2,568		456			(1,134		)	1,362		1,434
Retained earnings, end of period	8,684		10,964		(1,383		)	(3,067		)	7,301		7,897
Accumulated other comprehensive income, beginning of year earnings, beginning of year	7		208		(6		)	(23		)	1		185
Other comprehensive income (loss)	486		1,400		(35		)	(69		)	451		1,331
Accumulated other comprehensive income, end of period	493		1,608		(41		)	(92		)	452		1,516
Total AXA Equitable’s equity, end of period	14,540		17,892		(1,424		)	(3,159		)	13,116		14,733
Total Equity, End of Period	$	17,533	$	20,903	$	(1,424	)	$	(3,159	)	$	16,109	$	17,744

	Six Months Ended June 30,
	As Previously Reported and Adjusted Herein						Impact of Accounting Change						As Revised
	2017			2016			2017			2016			2017			2016
	(in millions)
Statements of Cash flows:
Cash flow from operating activities:
Net income (loss)	$	1,137		$	2,776		$	456		$	(1,134	)	$	1,593		$	1,642
Policy charges and fee income	(1,847		)	(1,746		)	135			132			(1,712		)	(1,614		)
Net derivative (gains) loss	(939		)	(3,926		)	(775		)	1,859			(1,714		)	(2,067		)
Changes in:
Future policy benefits	1,391			1,340			(65		)	(265		)	1,326			1,075
Deferred Policy Acquisition costs	46			(9		)	4			18			50			9
Current and deferred income taxes	(21		)	986			245			(610		)	224			376
Net cash provided by (used in) operating activities	$	(75	)	$	(385	)	$	—		$	—		$	(75	)	$	(385	)

The following table presents the effects of the accounting change to the Company's previously reported consolidated balance sheets as of June 30, 2017 and 2016:

	As Previously Reported and Adjusted Herein				Impact of Accounting Change						As Revised
	June 30,				June 30,						June 30,
	2017		2016		2017			2016			2017		2016
	(in millions)
Assets:
DAC	4,006		4,370		510			482			4,516		4,852
Total Assets	$	214,848	$	206,978	$	510		$	482		$	215,358	$	207,460
Liabilities:
Future policyholders' benefits and other policyholders' liabilities	26,855		26,291		2,701			5,341			29,556		31,632
Current and deferred taxes	3,950		6,415		(767		)	(1,700		)	3,183		4,715
Total Liabilities	196,963		185,846		1,934			3,641			198,897		189,487
Equity:
Retained Earnings	8,684		10,964		(1,383		)	(3,067		)	7,301		7,897
Accumulated other comprehensive income (loss)	493		1,608		(41		)	(92		)	452		1,516
AXA Equitable Equity	14,540		17,892		(1,424		)	(3,159		)	13,116		14,733
Equity	12,524		20,903		(1,424		)	(3,159		)	11,100		17,744
Total Liabilities and Equity	$	214,848	$	206,978	$	510		$	482		$	215,358	$	207,460