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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (6,112) $ 2,327
Loss from discontinued operations 1 1
Noncash revenues, expenses, gains and losses included in income (loss):    
Net gain on sales of securities available for sale and other assets (418) (141)
Net (gain) loss on sale or disposal of divested businesses 8,628 (5)
Losses on extinguishment of debt 17 13
Unrealized losses in earnings - net 36 369
Equity in (income) loss from equity method investments, net of dividends or distributions 232 (62)
Depreciation and other amortization 2,560 2,657
Impairments of assets 66 167
Changes in operating assets and liabilities:    
Insurance reserves 1,857 (1,057)
Premiums and other receivables and payables - net 1,778 22
Reinsurance assets and funds held under reinsurance contracts (2,295) (2,334)
Capitalization of deferred policy acquisition costs (2,224) (2,843)
Current and deferred income taxes - net (1,732) 523
Other, net (1,069) (909)
Total adjustments 7,436 (3,600)
Net cash provided by (used in) operating activities 1,325 (1,272)
Sales or distribution of:    
Available for sale securities 13,858 12,765
Other securities 2,037 2,609
Other invested assets 2,134 1,931
Divested businesses, net 2,119 0
Maturities of fixed maturity securities available for sale 12,761 11,888
Principal payments received on and sales of mortgage and other loans receivable 2,359 2,474
Purchases of:    
Available for sale securities (29,804) (27,219)
Other securities (519) (405)
Other invested assets (1,385) (1,423)
Mortgage and other loans receivable (2,653) (2,919)
Net change in short-term investments (7,857) (4,837)
Other, net 4,047 989
Net cash used in investing activities (2,903) (4,147)
Proceeds from (payments for)    
Policyholder contract deposits 8,410 11,474
Policyholder contract withdrawals (8,567) (8,362)
Issuance of long-term debt and debt of consolidated investment entities 5,509 2,199
Repayments of long-term debt and debt of consolidated investment entities (1,877) (910)
Issuance of preferred stock, net of issuance costs 0 485
Purchase of common stock (500) 0
Dividends paid on preferred stock (15) (7)
Dividends paid on common stock (551) (557)
Other, net (269) 896
Net cash provided by financing activities 2,140 5,218
Effect of exchange rate changes on cash and restricted cash 3 28
Net increase (decrease) in cash and restricted cash 565 (173)
Cash and restricted cash at beginning of year 3,287 3,358
Cash and restricted cash at end of year $ 3,852 $ 3,185