XML 112 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income (loss) $ 4,989 $ 5,788
Income (loss) from discontinued operations (126) (243)
Noncash revenues, expenses, gains and losses included in income (loss):    
Net (gains) losses on sales of securities available for sale and other assets (1,665) (1,812)
Net (gains) losses on extinguishment of debt 378 9
Unrealized (gains) losses in earnings - net (2,367) (4,096)
Equity in (income) loss from equity method investments, net of dividends or distributions (792) (395)
Depreciation and other amortization 2,439 2,558
Impairments of assets 282 957
Changes in operating assets and liabilities:    
Property casualty and life insurance reserves 775 (639)
Premiums and other receivables and payables - net (518) 515
Reinsurance assets and funds held under reinsurance treaties (544) (365)
Capitalization of deferred policy acquisition costs (2,953) (2,863)
Current and deferred income taxes - net 907 286
Other, net (486) 506
Total adjustments (4,544) (5,339)
Net cash provided by (used in) operating activities - continuing operations 319 206
Net cash provided by (used in) operating activities - discontinued operations 1,355 1,426
Net cash provided by (used in) operating activities 1,674 1,632
Sales or distribution of:    
Available for sale investments 19,164 21,402
Trading securities 2,850 5,671
Other invested assets 2,959 7,718
Maturities of fixed maturity securities available for sale 12,517 10,728
Principal payments received on and sales of mortgage and other loans receivable 1,602 1,372
Purchases of:    
Available for sale investments (35,522) (22,644)
Trading securities (1,763) (8,743)
Other invested assets (2,423) (2,163)
Mortgage and other loans receivable (2,143) (1,402)
Net change in restricted cash 956 (284)
Net change in short-term investments 8,524 (859)
Other, net (417) 123
Net cash provided by (used in) investing activities - continuing operations 6,304 10,919
Net cash provided by (used in) investing activities - discontinued operations (233) (48)
Net cash provided by (used in) investing activities 6,071 10,871
Proceeds from (payments for)    
Policyholder contract deposits 6,757 6,809
Policyholder contract withdrawals (8,066) (7,077)
Issuance of long-term debt 486 4,045
Repayments of long-term debt (5,403) (5,271)
Repayment of Department of the Treasury SPV Preferred Interests   (8,636)
Purchase of Common Stock   (5,000)
Other, net 290 2,599
Net cash provided by (used in) financing activities - continuing operations (5,936) (12,531)
Net cash provided by (used in) financing activities - discontinued operations (1,119) (190)
Net cash provided by (used in) financing activities (7,055) (12,721)
Effect of exchange rate changes on cash (70) (24)
Net increase (decrease) in cash 620 (242)
Cash at beginning of period 1,151 1,474
Change in cash of businesses held for sale (9)  
Cash at end of period $ 1,762 $ 1,232