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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities:      
Net income $ 287 $ 962 $ 1,069
Adjustments to reconcile net income to net cash provided (used) by operating activities:      
Loss on sale of subsidiaries   451  
Investment (gains) losses 71 (47) (26)
Equity method investees 182 64 (380)
Amortization of investments 17 3 (24)
Depreciation, depletion and amortization 955 899 871
Impairment of goodwill 20   636
Asset impairments 865 228 325
Provision for deferred income taxes (225) 11 6
Other non-cash items 105 134 49
Changes in operating assets and liabilities, net:      
Receivables 120 738 87
Deferred acquisition costs 311 44 2
Insurance reserves 241 (363) (68)
Other assets (43) (128) (20)
Other liabilities (33) 123 470
Trading securities 674 (129) (901)
Net cash flow operating activities 3,547 2,990 2,096
Investing Activities:      
Purchases of fixed maturities (8,675) (9,381) (11,197)
Proceeds from sales of fixed maturities 4,390 4,914 6,869
Proceeds from maturities of fixed maturities 4,095 3,983 3,271
Purchases of equity securities (62) (67) (77)
Proceeds from sales of equity securities 57 31 103
Purchases of limited partnership investments (188) (271) (323)
Proceeds from sales of limited partnership investments 174 167 204
Purchases of property, plant and equipment (1,555) (2,753) (1,737)
Acquisitions (157) (448) (235)
Dispositions 33 1,031 182
Change in short term investments 120 1,396 (101)
Other, net (167) (72) (257)
Net cash flow investing activities (1,935) (1,470) (3,298)
Financing Activities:      
Dividends paid (90) (95) (97)
Dividends paid to noncontrolling interests (165) (338) (500)
Purchases of subsidiary stock from noncontrolling interests (29) (149)  
Purchases of Loews treasury stock (1,265) (622) (228)
Issuance of Loews common stock 7 6 5
Proceeds from sale of subsidiary stock 114 5 370
Principal payments on debt (1,929) (2,269) (1,494)
Issuance of debt 1,828 2,004 3,255
Other, net 4 16 (40)
Net cash flow financing activities (1,525) (1,442) 1,271
Effect of foreign exchange rate on cash (11) (8) (3)
Net change in cash 76 70 66
Cash, beginning of year 364 294 228
Cash, end of year $ 440 $ 364 $ 294