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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net earnings $ 5,585 $ 11,840
Adjustments to reconcile net earnings to operating cash flows:    
Investment (gains) losses 1,735 (5,211)
Depreciation and amortization 2,703 2,673
Other (961) (225)
Changes in operating assets and liabilities:    
Unpaid losses and loss adjustment expenses 558 961
Deferred charges - retroactive reinsurance 215 252
Unearned premiums 1,912 2,390
Receivables and originated loans (3,469) (3,440)
Other assets (2,168) (397)
Other liabilities (85) (1,861)
Income taxes 804 2,324
Net cash flows from operating activities 6,829 9,306
Cash flows from investing activities:    
Purchases of equity securities (51,119) (2,572)
Sales of equity securities 9,724 6,451
Purchases of U.S. Treasury Bills and fixed maturity securities (58,746) (32,313)
Sales of U.S. Treasury Bills and fixed maturity securities 37,795 4,090
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 6,571 37,559
Purchases of loans and finance receivables (12) (11)
Collections of loans and finance receivables 73 109
Acquisitions of businesses, net of cash acquired (34) (47)
Purchases of property, plant and equipment and equipment held for lease (3,090) (2,519)
Other 272 449
Net cash flows from investing activities (58,566) 11,196
Cash flows from financing activities:    
Changes in short term borrowings, net (183) 229
Acquisition of treasury stock (3,180) (6,580)
Other (367) (132)
Net cash flows from financing activities 2,643 (8,349)
Effects of foreign currency exchange rate changes 50 (61)
Increase (decrease) in cash and cash equivalents and restricted cash (49,044) 12,092
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 first quarter* 39,662 60,488
Restricted cash, included in other assets at beginning of year 522 406
Restricted cash, included in other assets at end of first quarter $ 549 $ 434
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 $ 6,977 $ 1,442
Repayments of borrowings (614) (2,425)
Cash and cash equivalents at beginning of year 85,319 [1] 44,714
Cash and cash equivalents at end of first quarter 35,542 [1] 56,826
Railroad, Utilities and Energy [Member]    
Cash flows from financing activities:    
Proceeds from borrowings 405  
Repayments of borrowings (395) (883)
Cash and cash equivalents at beginning of year 2,865 [1] 3,276
Cash and cash equivalents at end of first quarter $ 3,571 [1] $ 3,228
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $7.3 billion at March 31, 2022 and $61.7 billion at December 31, 2021.