XML 25 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities    
Net earnings $ 817.9 $ 1,614.9
Depreciation, amortization and impairment charges 349.5 280.5
Net bond discount amortization (141.0) (52.7)
Amortization of share-based payment awards 66.1 51.8
Share of profit of associates (221.1) (200.5)
Deferred income taxes (105.0) 230.3
Net gains on investments (248.7) (1,462.2)
Gain on sale of subsidiary 0.0 (1,018.6)
Loss on repurchase of borrowings 58.9 28.6
Net increase in fair value of investment property (24.4) (19.7)
Net (purchases) sales of securities classified at FVTPL (2,749.3) 2,712.0
Changes in operating assets and liabilities 272.8 569.8
Cash provided by (used in) operating activities (1,924.3) 2,734.2
Investing activities    
Sales of investments in associates 444.8 1,014.9
Purchases of investments in associates (535.8) (1,026.5)
Net purchases of investment property (141.7) (111.6)
Net purchases of premises and equipment and intangible assets (236.5) (337.2)
Purchases of subsidiaries, net of cash acquired (163.1) (1,107.7)
Sale of subsidiary, net of cash divested 71.4 640.4
Deconsolidation of subsidiary (67.7) 0.0
Cash used in investing activities (628.6) (927.7)
Financing activities    
Decrease (increase) in restricted cash related to financing activities 150.5 (150.8)
Purchases for treasury (214.0) (140.5)
Purchases for cancellation (92.7) (96.2)
Common share dividends (283.2) (237.4)
Preferred share dividends (45.1) (44.6)
Issuances to non-controlling interests, net of issuance costs 103.1 2,223.2
Purchases of non-controlling interests (382.0) (140.3)
Sales to non-controlling interests 0.0 96.8
Dividends paid to non-controlling interests (159.5) (67.5)
Cash provided by (used in) financing activities (676.1) 1,761.6
Increase (decrease) in cash and cash equivalents (3,229.0) 3,568.1
Cash and cash equivalents – beginning of year 7,935.0 4,219.1
Foreign currency translation (169.1) 147.8
Cash and cash equivalents – end of year 4,536.9 7,935.0
Holding Company, Insurance, and Reinsurance Companies    
Financing activities    
Proceeds, net of issuance costs 1,490.7 532.0
Repayments (1,246.5) (483.7)
Insurance and reinsurance companies    
Operating activities    
Loss on repurchase of borrowings 0.0 0.0
Financing activities    
Net borrowings from (repayments to) revolving credit facility and short term loans (42.2) 45.0
Holding company    
Financing activities    
Net borrowings from (repayments to) revolving credit facility and short term loans 0.0 (200.0)
Non-insurance companies    
Operating activities    
Loss on repurchase of borrowings 58.9 28.6
Financing activities    
Proceeds, net of issuance costs 664.0 500.6
Repayments (660.6) (268.7)
Net borrowings from (repayments to) revolving credit facility and short term loans $ 41.4 $ 193.7