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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Net earnings (loss) $ 1,146 $ 2,823
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances 941 570
Universal life and investment-type product policy fee income (1,761) (1,656)
(Increase) decrease in the fair value of the reinsurance contract asset 981 2,733
(Income) loss related to derivative instruments (228) (1,346)
Investment (gains) losses, net 1 (39)
Realized and unrealized (gains) losses on trading securities (133) (109)
Non-cash long term incentive compensation expense 21 4
Amortization of deferred sales commissions 17 22
Other depreciation and amortization (76) (28)
Amortization of deferred cost of reinsurance asset (171) 64
Amortization of other intangible assets 15 14
Net broker-dealer and customer related receivables/payables 9 (36)
Reinsurance recoverable (251) (270)
Segregated cash and securities, net (132) (101)
Deferred policy acquisition costs 43 (74)
Future policy benefits 1,388 1,303
Current and deferred income taxes (16) 1,010
Other, net 93 197
Net cash provided by (used in) operating activities (75) (385)
Cash flows from investing activities:    
Fixed maturities, available for sale 1,841 3,273
Mortgage loans on real estate 399 300
Trading account securities 5,241 2,971
Fixed maturities, available for sale (1,840) (5,299)
Mortgage loans on real estate (1,041) (1,584)
Trading account securities (6,936) (3,977)
Cash settlements related to derivative instruments (907) 659
Decrease in loans to affiliates 0 383
Change in short-term investments (508) 61
Investment in capitalized software, leasehold improvements and EDP equipment (43) (41)
Other, net 206 (32)
Net cash provided by (used in) investing activities (3,588) (3,286)
Cash flows from financing activities:    
Deposits 4,109 4,953
Withdrawals (1,557) (1,367)
Policyholders' accounts balance transfer (to) from Separate Accounts 767 348
Change in short-term financings (1) 4
Change in collateralized pledged assets 1,248 34
Change in collateralized pledged liabilities 192 869
(Decrease) increase in overdrafts payable 69 48
Payments of Dividends 0 500
Repurchase of AB Holding units (128) (84)
Distribution to noncontrolling interests in consolidated entities (243) (198)
Increase (decrease) in Securities sold under agreement to repurchase (199) 596
(Increase) decrease in securities purchased under agreement to resell 0 (594)
Other, net 0 1
Net cash provided by (used in) financing activities 4,182 4,064
Effect of exchange rate changes on cash and cash equivalents 11 6
Change in cash and cash equivalents 530 399
Cash and cash equivalents, beginning of year 2,950 3,063
Cash and Cash Equivalents, End of Period 3,480 3,462
Variable Interest Entity, Primary Beneficiary    
Cash flows from financing activities:    
Distribution to noncontrolling interests in consolidated entities $ (75) $ (46)