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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net earnings (loss) $ 35,905 $ 11,006
Adjustments to reconcile net earnings (loss) to operating cash flows:    
Investment (gains) losses (29,387) 1,819
Depreciation and amortization 4,873 4,774
Other (737) (421)
Changes in operating assets and liabilities:    
Losses and loss adjustment expenses 2,032 924
Deferred charges reinsurance assumed 470 549
Unearned premiums 2,005 2,253
Receivables and originated loans (3,094) (3,413)
Other assets (2,102) (1,367)
Other liabilities (1,359) (45)
Income taxes 8,156 12
Net cash flows from operating activities 16,762 16,091
Cash flows from investing activities:    
Purchases of U.S. Treasury Bills and fixed maturity securities (66,754) (50,227)
Purchases of equity securities (2,834) (20,845)
Sales of U.S. Treasury Bills and fixed maturity securities 6,733 19,374
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 62,807 71,486
Sales and redemptions of equity securities 4,460 9,011
Purchases of loans and finance receivables (191) (81)
Collections of loans and finance receivables 175 188
Acquisitions of businesses, net of cash acquired (580) (373)
Purchases of property, plant and equipment and equipment held for lease (6,747) (6,329)
Other 23 226
Net cash flows from investing activities (2,908) 22,430
Cash flows from financing activities:    
Changes in short term borrowings, net (95) (1,080)
Acquisition of treasury stock (2,133)  
Other (279) (253)
Net cash flows from financing activities 411 (5,516)
Effects of foreign currency exchange rate changes 26 (41)
Increase in cash and cash equivalents and restricted cash 14,291 32,964
Cash and cash equivalents and restricted cash at beginning of year 30,811 32,212
Cash and cash equivalents and restricted cash at end of second quarter 45,102 65,176
Restricted cash, included in other assets at beginning of year 450 629
Restricted cash, included in other assets at end of second quarter 468 615
Insurance and Other [Member]    
Cash flows from financing activities:    
Proceeds from borrowings 4,176 49
Repayments of borrowings (2,907) (6,043)
Cash and cash equivalents at beginning of year 27,749 [1] 28,673
Cash and cash equivalents at end of second quarter 41,375 [1] 61,198
Railroad, Utilities and Energy [Member]    
Cash flows from financing activities:    
Proceeds from borrowings 3,339 4,239
Repayments of borrowings (1,690) (2,428)
Cash and cash equivalents at beginning of year 2,612 [1] 2,910
Cash and cash equivalents at end of second quarter $ 3,259 [1] $ 3,363
[1] Cash and cash equivalents included U.S. Treasury Bills with maturities of three months or less when purchased of $16.2 billion at June 30, 2019 and $3.9 billion at December 31, 2018.