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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Cash flows from operating activities:      
Net income (loss) $ (6,056) $ (349) $ 2,222
(Income) loss from discontinued operations (4) 90 0
Noncash revenues, expenses, gains and losses included in income:      
Net gains on sales of securities available for sale and other assets (431) (2,033) (1,111)
Net (gains) losses on sales of divested businesses (68) (545) 11
(Gains) losses on extinguishment of debt (5) 74 756
Unrealized (gains) losses in earnings - net 79 1,465 (522)
Equity in income from equity method investments, net of dividends or distributions (401) (54) (481)
Depreciation and other amortization 3,874 4,090 4,629
Impairments of assets 685 1,116 1,500
Changes in operating assets and liabilities:      
Insurance reserves 2,637 5,325 1,645
Premiums and other receivables and payables - net 410 536 (70)
Reinsurance assets and funds held under reinsurance treaties (10,870) (1,804) 1,525
Capitalization of deferred policy acquisition costs (4,819) (5,216) (5,808)
Current and deferred income taxes - net 6,981 (308) 548
Other, net (597) (4) (1,967)
Total adjustments (2,525) 2,642 655
Net cash provided by (used in) operating activities (8,585) 2,383 2,877
Sales or distribution of:      
Available for sale securities 31,082 30,103 28,721
Other securities 3,792 4,164 6,055
Other invested assets 7,664 9,554 8,002
Divested businesses, net 792 2,809 0
Maturities of fixed maturity securities available for sale 29,011 25,749 24,734
Principal payments received on and sales of mortgage and other loans receivable 5,742 6,074 5,104
Purchases of:      
Available for sale securities (49,856) (54,978) (48,848)
Other securities (1,147) (935) (2,704)
Other invested assets (2,874) (3,421) (3,573)
Mortgage and other loans receivable (9,369) (10,651) (10,140)
Net change in restricted cash (121) 385 1,457
Net change in short-term investments 2,098 (3,089) 1,163
Other, net (2,143) (1,020) (1,509)
Net cash provided by (used in) investing activities 14,671 4,744 8,462
Proceeds from (payments for)      
Policyholder contract deposits 17,908 18,100 17,029
Policyholder contract withdrawals (15,785) (14,041) (14,619)
Issuance of long-term debt 3,356 5,954 6,867
Repayments of long-term debt (3,698) (4,082) (9,805)
Purchase of Common Stock (6,275) (11,460) (10,691)
Dividends paid (1,172) (1,372) (1,028)
Other, net (31) 68 818
Net cash provided by (used in) financing activities (5,697) (6,833) (11,429)
Effect of exchange rate changes on cash (28) 52 (39)
Net increase (decrease) in cash 361 346 (129)
Cash at beginning of year 1,868 1,629 1,758
Change in cash of businesses held for sale 133 (107) 0
Cash at end of Period $ 2,362 $ 1,868 $ 1,629