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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 2,327 $ 1,880
Loss from discontinued operations 1 1
Noncash revenues, expenses, gains and losses included in income:    
Net gains on sales of securities available for sale and other assets (141) (103)
Net gain on sale of divested businesses (5) (33)
(Gains) losses on extinguishment of debt 13 9
Unrealized losses in earnings - net 369 43
Equity in income from equity method investments, net of dividends or distributions (62) 95
Depreciation and other amortization 2,657 2,784
Impairments of assets 167 209
Changes in operating assets and liabilities:    
Insurance reserves (1,057) (745)
Premiums and other receivables and payables - net 22 13
Reinsurance assets and funds held under reinsurance treaties (2,334) (1,413)
Capitalization of deferred policy acquisition costs (2,843) (2,875)
Current and deferred income taxes - net 523 563
Other, net (909) (768)
Total adjustments (3,600) (2,221)
Net cash used in operating activities (1,272) (340)
Sales or distribution of:    
Available for sale securities 12,765 12,233
Other securities 2,609 2,484
Other invested assets 1,931 2,306
Divested businesses, net 0 10
Maturities of fixed maturity securities available for sale 11,888 12,305
Principal payments received on and sales of mortgage and other loans receivable 2,474 1,836
Purchases of:    
Available for sale securities (27,219) (21,000)
Other securities (405) (797)
Other invested assets (1,423) (1,542)
Mortgage and other loans receivable (2,919) (5,165)
Net change in short-term investments (4,837) (3,840)
Other, net 989 (300)
Net cash used in investing activities (4,147) (1,470)
Proceeds from (payments for)    
Policyholder contract deposits 11,474 12,625
Policyholder contract withdrawals (8,362) (8,770)
Issuance of long-term debt 2,199 3,504
Repayments of long-term debt (910) (1,959)
Issuance of preferred stock 485 0
Purchase of common stock 0 (646)
Dividends paid on preferred stock (7) 0
Dividends paid on common stock (557) (575)
Other, net 896 (2,756)
Net cash provided by financing activities 5,218 1,423
Effect of exchange rate changes on cash and restricted cash 28 30
Net decrease in cash and restricted cash (173) (357)
Cash and restricted cash at beginning of year 3,358 2,737
Cash and restricted cash at end of period $ 3,185 $ 2,380