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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net earnings (loss) $ (40,379) $ 50,909
Adjustments to reconcile net earnings (loss) to operating cash flows:    
Investment (gains) losses 82,089 (37,235)
Depreciation and amortization 8,141 8,013
Other (4,935) (717)
Changes in operating assets and liabilities:    
Unpaid losses and loss adjustment expenses 4,551 4,809
Deferred charges - retroactive reinsurance 649 709
Unearned premiums 3,632 3,958
Receivables and originated loans (7,527) (6,810)
Other assets (5,599) (1,558)
Other liabilities 2,515 1,928
Income taxes (16,114) 7,620
Net cash flows from operating activities 27,023 31,626
Cash flows from investing activities:    
Purchases of equity securities (66,246) (5,004)
Sales of equity securities 17,343 11,975
Purchases of U.S. Treasury Bills and fixed maturity securities (139,359) (106,399)
Sales of U.S. Treasury Bills and fixed maturity securities 69,998 15,945
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 47,512 103,294
Purchases of loans and finance receivables (31) (70)
Collections of loans and finance receivables 332 283
Acquisitions of businesses, net of cash acquired (183) (204)
Purchases of property, plant and equipment and equipment held for lease (10,907) (9,244)
Other 32 1,505
Net cash flows from investing activities (81,509) 12,081
Cash flows from financing activities:    
Changes in short term borrowings, net (531) (689)
Acquisition of treasury stock (5,246) (20,192)
Other (1,441) (755)
Net cash flows from financing activities (311) (21,364)
Effects of foreign currency exchange rate changes (553) (98)
Increase (decrease) in cash and cash equivalents and restricted cash (55,350) 22,245
Cash and cash equivalents and restricted cash at beginning of year* 88,706 48,396
Cash and cash equivalents and restricted cash at end of third quarter 33,356 70,641
Restricted cash, included in other assets at beginning of year 522 406
Restricted cash, included in other assets at end of third quarter $ 730 $ 652
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Other
Insurance and Other [Member]    
Cash flows from financing activities:    
Proceeds from borrowings $ 6,981 $ 2,952
Repayments of borrowings (1,468) (3,010)
Cash and cash equivalents at beginning of year 85,319 [1] 44,714
Cash and cash equivalents at end of third quarter 28,869 [1] 65,156
Railroad, Utilities and Energy [Member]    
Cash flows from financing activities:    
Proceeds from borrowings 3,185 2,939
Repayments of borrowings (1,791) (2,609)
Cash and cash equivalents at beginning of year 2,865 [1] 3,276
Cash and cash equivalents at end of third quarter $ 3,757 [1] $ 4,833
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $1.9 billion at September 30, 2022 and $61.7 billion at December 31, 2021.