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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flows from operating activities:      
Net income (loss) $ (349) $ 2,222 $ 7,524
(Income) loss from discontinued operations 90 0 50
Noncash revenues, expenses, gains and losses included in income:      
Net gains on sales of securities available for sale and other assets (2,033) (1,111) (764)
Net (gains) losses on sales of divested businesses (545) 11 (2,197)
Net (gains) losses on extinguishment of debt 74 756 2,282
Unrealized gains in earnings - net 1,465 (522) (1,239)
Equity in income from equity method investments, net of dividends or distributions (54) (481) (1,394)
Depreciation and other amortization 4,090 4,629 4,448
Impairments of assets 1,116 1,500 610
Changes in operating assets and liabilities:      
Insurance reserves 5,325 1,645 (2,281)
Premiums and other receivables and payables - net 536 (70) 820
Reinsurance assets and funds held under reinsurance treaties (1,804) 1,525 1,872
Capitalization of deferred policy acquisition costs (5,216) (5,808) (5,880)
Current and deferred income taxes - net (308) 548 2,190
Other, net (4) (1,967) (1,034)
Total adjustments 2,642 655 (2,567)
Net cash provided by operating activities 2,383 2,877 5,007
Sales or distribution of:      
Available for sale investments 30,103 28,721 25,526
Other securities 4,164 6,055 4,930
Other invested assets 9,554 8,002 3,884
Divested businesses, net 2,809   2,348
Maturities of fixed maturity securities available for sale 25,749 24,734 25,560
Principal payments received on and sales of mortgage and other loans receivable 6,074 5,104 3,856
Purchases of:      
Available for sale investments (54,978) (48,848) (45,552)
Other securities (935) (2,704) (472)
Other invested assets (3,421) (3,573) (4,078)
Mortgage and other loans receivable (10,651) (10,140) (8,008)
Net change in restricted cash 385 1,457 (1,447)
Net change in short-term investments (3,089) 1,163 8,760
Other, net (1,020) (1,509) (1,023)
Net cash provided by (used in) investing activities 4,744 8,462 14,284
Proceeds from (payments for)      
Policyholder contract deposits 18,100 17,029 16,829
Policyholder contract withdrawals (14,041) (14,619) (15,110)
Issuance of long-term debt 5,954 6,867 6,687
Repayments of long-term debt (4,082) (9,805) (16,160)
Purchase of Common Stock (11,460) (10,691) (4,902)
Dividends paid (1,372) (1,028) (712)
Other, net 68 818 (6,420)
Net cash provided by (used in) financing activities (6,833) (11,429) (19,788)
Effect of exchange rate changes on cash 52 (39) (74)
Net increase (decrease) in cash 346 (129) (571)
Cash at beginning of year 1,629 1,758 2,241
Change in cash of businesses held for sale (107) 0 88
Cash at end of year $ 1,868 $ 1,629 $ 1,758