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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 5,788 $ 3,554
Income from discontinued operations (8) (2,548)
Noncash revenues, expenses, gains and losses included in income:    
Net gains on sales of securities available for sale and other assets (1,817) (539)
Net losses on extinguishment of debt 32 3,392
Unrealized gains in earnings - net (4,088) (2,473)
Equity in income from equity method investments, net of dividends or distributions (395) (795)
Depreciation and other amortization 3,574 3,585
Impairments of assets 1,085 889
Changes in operating assets and liabilities:    
General and life insurance reserves (639) 5,604
Premiums and other receivables and payables - net 495 49
Reinsurance assets and funds held under reinsurance treaties (365) (5,559)
Capitalization of deferred policy acquisition costs (2,863) (2,661)
Current and deferred income taxes - net 349 (1,068)
Payment of FRBNY Credit Facility accrued compounded interest and fees   (6,363)
Other, net 484 (1,279)
Total adjustments (4,148) (7,218)
Net cash provided by (used in) operating activities - continuing operations 1,632 (6,212)
Net cash provided by operating activities - discontinued operations   2,675
Net cash provided by (used in) operating activities 1,632 (3,537)
Proceeds from (payments for)    
Sales of available for sale and hybrid investments 22,028 23,668
Maturities of fixed maturity securities available for sale and hybrid investments 10,805 9,846
Sales of trading securities 4,968 7,621
Sales or distributions of other invested assets (including flight equipment) 7,790 4,961
Sales of divested businesses, net   587
Principal payments received on and sales of mortgage and other loans receivable 1,384 1,706
Purchases of available for sale and hybrid investments (28,993) (48,485)
Purchases of trading securities (2,394) (688)
Purchases of other invested assets (including flight equipment) (2,959) (3,260)
Mortgage and other loans receivable issued and purchased (1,402) (1,026)
Net change in restricted cash (265) 26,480
Net change in short-term investments (211) 12,967
Net change in derivative assets and liabilities 278 390
Other, net (158) 33
Net cash provided by investing activities - continuing operations 10,871 34,800
Net cash provided by investing activities - discontinued operations   3,021
Net cash provided by investing activities 10,871 37,821
Proceeds from (payments for)    
Policyholder contract deposits 6,809 9,530
Policyholder contract withdrawals (7,077) (7,769)
FRBNY credit facility repayments   (14,622)
Issuance of long-term debt 6,776 3,021
Repayments of long-term debt (8,155) (9,968)
Proceeds from drawdown on the Department of the Treasury Commitment   20,292
Repayment of Department of the Treasury SPV Preferred Interests (8,636) (9,146)
Repayment of FRBNY SPV Preferred Interests   (26,432)
Issuance of Common Stock   4,332
Purchase of Common Stock (5,000)  
Acquisition of noncontrolling interest (100) (647)
Other, net 2,662 (373)
Net cash used in financing activities - continuing operations (12,721) (31,782)
Net cash used in financing activities - discontinued operations   (1,932)
Net cash used in financing activities (12,721) (33,714)
Effect of exchange rate changes on cash (24) 29
Net increase (decrease) in cash (242) 599
Cash at beginning of period 1,474 1,558
Change in cash of businesses held for sale   433
Cash at end of period $ 1,232 $ 2,590