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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net earnings (loss) $ 71,956 $ (37,537)
Adjustments to reconcile net earnings to operating cash flows:    
Investment (gains) losses (67,819) 68,589
Depreciation and amortization 6,147 5,413
Other (3,126) (2,592)
Changes in operating assets and liabilities:    
Unpaid losses and loss adjustment expenses 275 1,505
Deferred charges - retroactive reinsurance 416 426
Unearned premiums 2,492 2,384
Receivables and originated loans (1,194) (6,455)
Inventories 505 (4,080)
Other assets (980) (620)
Other liabilities (2,721) 1,247
Income taxes 15,176 (12,923)
Net cash flows from operating activities 21,127 15,357
Cash flows from investing activities:    
Purchases of equity securities (7,442) (57,269)
Sales of equity securities 25,833 12,044
Purchases of U.S. Treasury Bills and fixed maturity securities (99,060) (100,355)
Sales of U.S. Treasury Bills and fixed maturity securities 39,991 54,637
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 59,815 23,681
Acquisitions of businesses, net of cash acquired (8,516) (103)
Purchases of property, plant and equipment and equipment held for lease (8,398) (6,833)
Other 513 25
Net cash flows from investing activities 2,736 (74,173)
Cash flows from financing activities:    
Changes in short term borrowings, net 582 (85)
Acquisition of treasury stock (5,850) (4,191)
Other, principally transactions with noncontrolling interests (803) (1,464)
Net cash flows from financing activities (9,633) 1,607
Effects of foreign currency exchange rate changes 24 (273)
Increase (decrease) in cash and cash equivalents and restricted cash 14,254 (57,482)
Cash and cash equivalents and restricted cash at beginning of year 36,399 88,706
Cash and cash equivalents and restricted cash at end of second quarter 50,653 31,224
Restricted cash, included in other assets at beginning of year 588 522
Restricted cash, included in other assets at end of second quarter $ 598 $ 616
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 $ 1,225 $ 6,972
Repayments of borrowings (5,388) (1,440)
Cash and cash equivalents at beginning of year 32,260 [1] 85,319
Cash and cash equivalents at end of second quarter 44,611 [1] 26,534
Railroad, Utilities and Energy [Member]    
Cash flows from financing activities:    
Proceeds from borrowings 2,788 3,189
Repayments of borrowings (2,187) (1,374)
Cash and cash equivalents at beginning of year 3,551 [1] 2,865
Cash and cash equivalents at end of second quarter $ 5,444 [1] $ 4,074
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $24.5 billion at June 30, 2023 and $2.6 billion at December 31, 2022.