XML 123 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income (loss) $ 3,700 $ 21,330 $ 12,285
(Income) loss from discontiued operations 4,052 (1,790) 969
Noncash revenues, expenses, gains and losses included in income (loss):      
Net (gains) losses on sales of securities available for sale and other assets (3,219) (1,772) (2,903)
Net (gains) losses on sales of divested businesses 2 74 (19,566)
Net loss on extinguishment of debt 9 2,847 104
Unrealized (gains) losses in earnings - net (6,107) (957) (1,529)
Equity in (income) loss from equity method investments, net of dividends or distributions (911) (637) (1,268)
Depreciation and other amortization 5,307 5,424 5,977
Amortization of costs and accrued interest and fees related to FRBNY Credit Facility   48 4,223
Impairments of assets 1,524 1,798 3,759
Changes in operating assets and liabilities:      
General and life insurance reserves (2,260) (202) 8,705
Premiums and other receivables and payables - net 1,736 1,771 482
Reinsurance assets and funds held under reinsurance treaties 1,407 (1,103) (3,510)
Capitalization of deferred policy acquisition costs (5,613) (5,429) (5,933)
Current and deferred income taxes - net 1,122 (20,061) 6,052
Payment of FRBNY Credit Facility accrued compounded interest and fees   (6,363)  
Other, net (1) (1,234) (1,686)
Total adjustments (7,004) (25,796) (7,093)
Net cash provided by (used in) operating activities - continuing operations 748 (6,256) 6,161
Net cash provided by (used in) operating activities - discontinued operations 2,928 6,175 10,436
Net cash provided by (used in) operating activities 3,676 (81) 16,597
Sales or distribution of:      
Available for sale investments 39,818 43,961 56,211
Trading securities 17,814 9,867 6,363
Other invested assets 18,552 7,655 8,424
Divested businesses, net   587 21,760
Maturities of fixed maturity securities available for sale 21,449 20,062 14,609
Principal payments received on and sales of mortgage and other loans receivable 3,266 3,154 5,259
Purchases of:      
Available for sale investments (53,536) (90,627) (78,886)
Trading securities (13,373) (1,253) (3,380)
Other invested assets (4,463) (6,023) (7,579)
Mortgage and other loans receivable issued and purchased (3,256) (2,587) (2,990)
Net change in restricted cash 695 27,202 (27,026)
Net change in short-term investments (8,158) 18,799 (2,446)
Other, net (526) 180 (167)
Net cash provided by (used in) investing activities - continuing operations 18,282 30,977 (9,848)
Net cash provided by (used in) investing activities - discontinued operations (1,670) 5,471 (64)
Net cash provided by (used in) investing activities 16,612 36,448 (9,912)
Proceeds from (payments for)      
Policyholder contract deposits 13,288 17,903 19,570
Policyholder contract withdrawals (13,978) (13,570) (14,897)
FRBNY credit facility repayments   (14,622) (23,178)
FRBNY credit facility borrowings     19,900
Issuance of long-term debt 4,844 3,190 3,342
Repayments of long-term debt (7,276) (9,486) (7,986)
Proceeds from drawdown on the Department of the Treasury Commitment   20,292 2,199
Repayment of Department of the Treasury SPV Preferred Interests (8,636) (12,425)  
Repayment of FRBNY SPV Preferred Interests   (26,432)  
Issuance of Common Stock   5,055  
Purchase of Common Stock (13,000) (70)  
Acquisition of noncontrolling interest (167) (688)  
Other, net 4,493 (277) (5,967)
Net cash provided by (used in) financing activities - continuing operations (20,432) (31,130) (7,017)
Net cash provided by (used in) financing activities - discontinued operations (132) (5,796) (2,244)
Net cash provided by (used in) financing activities (20,564) (36,926) (9,261)
Effect of exchange rate changes on cash 16 29 39
Net increase (decrease) in cash (260) (530) (2,537)
Cash at beginning of period 1,474 1,558 4,400
Reclassification to assets held for sale (63) 446 (305)
Cash at end of period $ 1,151 $ 1,474 $ 1,558