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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net earnings $ 4,322 $ 45,353 $ 24,427
Adjustments to reconcile net earnings to operating cash flows:      
Investment gains/losses 22,155 (1,410) (7,553)
Depreciation and amortization 9,779 9,188 8,901
Other 2,957 458 (161)
Changes in operating assets and liabilities:      
Losses and loss adjustment expenses 3,449 25,027 4,372
Deferred charges reinsurance assumed 1,174 (7,231) (360)
Unearned premiums 1,794 1,761 968
Receivables and originated loans (3,443) (1,990) (3,302)
Other assets (1,832) (1,665) (373)
Other liabilities 2,002 1,194 1,684
Income taxes (4,957) (24,957) 4,044
Net cash flows from operating activities 37,400 45,728 32,647
Cash flows from investing activities:      
Purchases of U.S. Treasury Bills and fixed maturity securities (141,844) (158,492) (96,568)
Purchases of equity securities (43,210) (20,326) (16,508)
Sales of U.S. Treasury Bills and fixed maturity securities 39,693 49,327 18,757
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 113,045 86,727 26,177
Sales and redemptions of equity securities 18,783 19,512 28,464
Purchases of loans and finance receivables (1,771) (1,435) (307)
Collections of loans and finance receivables 342 1,702 490
Acquisitions of businesses, net of cash acquired (3,279) (2,708) (31,399)
Purchases of property, plant and equipment and equipment held for lease (14,537) (11,708) (12,954)
Other (71) (3,608) (377)
Net cash flows from investing activities (32,849) (41,009) (84,225)
Cash flows from financing activities:      
Changes in short term borrowings, net (1,943) 2,079 130
Acquisition of treasury stock (1,346)    
Other (343) (121) 112
Net cash flows from financing activities (5,812) (1,398) 12,791
Effects of foreign currency exchange rate changes (140) 248 (172)
Increase (decrease) in cash and cash equivalents and restricted cash (1,401) 3,569 (38,959)
Cash and cash equivalents and restricted cash at beginning of year 32,212 28,643 67,602
Cash and cash equivalents and restricted cash at end of year 30,811 32,212 28,643
Restricted cash, included in other assets at end of year 450 629 595
Insurance and Other [Member]      
Cash flows from financing activities:      
Proceeds from borrowings 2,409 2,645 14,172
Repayments of borrowings (7,395) (5,465) (2,577)
Cash and cash equivalents at end of year 27,749 [1] 28,673 [1] 24,109
Railroad, Utilities and Energy [Member]      
Cash flows from financing activities:      
Proceeds from borrowings 7,019 3,013 3,077
Repayments of borrowings (4,213) (3,549) (2,123)
Cash and cash equivalents at end of year $ 2,612 [1] $ 2,910 [1] $ 3,939
[1] Cash and cash equivalents includes U.S. Treasury Bills with maturities of three months or less when purchased of $3.9 billion at December 31, 2018 and $5.7 billion at December 31, 2017.