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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ 1,721 $ 4,268
(Income) loss from discontinued operations 57 (17)
Noncash revenues, expenses, gains and losses included in income:    
Net gains on sales of securities available for sale and other assets (907) (666)
Net (gains) losses on sales of divested businesses (223) 7
Net losses on extinguishment of debt 90 410
Unrealized gains in earnings - net 1,130 (1,425)
Equity in income from equity method investments, net of dividends or distributions 145 (715)
Depreciation and other amortization 2,270 2,410
Impairments of assets 636 471
Changes in operating assets and liabilities:    
Insurance reserves 313 (420)
Premiums and other receivables and payables - net (614) (1,359)
Reinsurance assets and funds held under reinsurance treaties (988) 573
Capitalization of deferred policy acquisition costs (2,554) (2,880)
Current and deferred income taxes - net 750 1,739
Other, net (1,255) (1,903)
Total adjustments (1,207) (3,758)
Net cash provided by operating activities 571 493
Sales or distribution of:    
Available for sale investments 13,540 14,144
Other securities 2,246 3,998
Other invested assets 3,687 6,218
Maturities of fixed maturity securities available for sale 12,350 12,176
Principal payments received on and sales of mortgage and other loans receivable 2,964 2,470
Purchases of:    
Available for sale investments (27,573) (24,198)
Other securities (381) (583)
Other invested assets (1,602) (1,743)
Mortgage and other loans receivable (5,081) (4,459)
Net change in restricted cash (78) 1,462
Net change in short-term investments (1,755) (2,693)
Other, net 1,419 (1,506)
Net cash provided by investing activities (264) 5,286
Proceeds from (payments for)    
Policyholder contract deposits 9,539 7,541
Policyholder contract withdrawals (6,787) (7,225)
Issuance of long-term debt 6,688 2,774
Repayments of long-term debt (2,919) (3,701)
Issuance of Common Stock 0 0
Purchase of Common Stock (6,248) (3,743)
Dividends paid (713) (335)
Other, net 250 (877)
Net cash provided by (used in) financing activities (190) (5,566)
Effect of exchange rate changes on cash 38 (34)
Net increase (decrease) in cash 155 179
Cash at beginning of year 1,629 1,758
Cash at end of year $ 1,784 $ 1,937