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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 40,265 $ (23,290)
Adjustments to reconcile net earnings to operating cash flows:    
Investment (gains) losses (32,384) 29,593
Depreciation and amortization 5,345 5,109
Other, including asset impairment charges 33 10,520
Changes in operating assets and liabilities:    
Losses and loss adjustment expenses 2,357 2,140
Deferred charges reinsurance assumed 473 554
Unearned premiums 2,375 1,268
Receivables and originated loans (4,825) (1,885)
Other assets (909) (760)
Other liabilities (664) (298)
Income taxes 7,493 (5,485)
Net cash flows from operating activities 19,559 17,466
Cash flows from investing activities:    
Purchases of equity securities (3,589) (4,800)
Sales of equity securities 8,596 15,743
Purchases of U.S. Treasury Bills and fixed maturity securities (99,731) (113,169)
Sales of U.S. Treasury Bills and fixed maturity securities 10,814 12,689
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 77,541 54,422
Purchases of loans and finance receivables (56) (608)
Collections of loans and finance receivables 218 156
Acquisitions of businesses, net of cash acquired (104) (82)
Purchases of property, plant and equipment and equipment held for lease (5,663) (6,187)
Other 541 (715)
Net cash flows from investing activities (11,433) (42,551)
Cash flows from financing activities:    
Changes in short term borrowings, net (65) (1,166)
Acquisition of treasury stock (12,560) (6,739)
Other (339) (214)
Net cash flows from financing activities (13,578) (2,820)
Effects of foreign currency exchange rate changes (112) (140)
Increase (decrease) in cash and cash equivalents and restricted cash (5,564) (28,045)
Cash and cash equivalents and restricted cash at beginning of year* 48,396 64,632
Cash and cash equivalents and restricted cash at end of second quarter* 42,832 36,587
Restricted cash, included in other assets at beginning of year 406 457
Restricted cash, included in other assets at end of second quarter $ 534 $ 513
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 $ 2,949 $ 3,428
Repayments of borrowings (2,481) (2,092)
Cash and cash equivalents at beginning of year 44,714 [1] 61,151
Cash and cash equivalents at end of second quarter 38,924 [1] 32,318
Railroad, Utilities and Energy [Member]    
Cash flows from financing activities:    
Proceeds from borrowings 1,464 6,254
Repayments of borrowings (2,546) (2,291)
Cash and cash equivalents at beginning of year 3,276 [1] 3,024
Cash and cash equivalents at end of second quarter $ 3,374 [1] $ 3,756
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $16.6 billion at June 30, 2021 and $23.2 billion at December 31, 2020.