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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net income (loss) $ 553 $ 1,065 $ 3,187
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Interest credited to policyholders’ account balances 1,079 973 1,029
Policy charges and fee income (3,344) (3,291) (3,150)
Net derivative (gains) losses 1,163 1,075 (3,555)
Investment (gains) losses, net (16) 20 58
Realized and unrealized (gains) losses on trading securities 41 43 (22)
Non-cash long term incentive compensation expense 152 172 171
Amortization of deferred sales commission 41 49 42
Other depreciation and amortization (98) (18) 44
Amortization of deferred cost of reinsurance asset 159 121 292
Amortization of other intangibles 29 28 27
Changes in:      
Net broker-dealer and customer related receivables/payables 608 (38) (525)
Reinsurance recoverable (304) (929) (314)
Segregated cash and securities, net (381) (89) 505
Deferred policy acquisition costs 287 (254) (350)
Future policy benefits 431 631 1,486
Current and deferred income taxes (826) 49 793
Accounts payable and accrued expenses (66) 38 (259)
Other, net 31 31 (59)
Net cash provided by (used in) operating activities (461) (324) (600)
Cash flows from investing activities:      
Fixed maturities, available for sale 7,154 4,368 3,157
Mortgage loans on real estate 676 609 652
Trading account securities 6,271 10,768 6,099
Other 32 134 99
Fixed maturities, available for sale (7,873) (4,701) (5,184)
Mortgage loans on real estate (3,261) (1,311) (1,432)
Trading account securities (8,691) (12,501) (7,014)
Other (250) (132) (135)
Cash settlements related to derivative instruments 102 529 999
Decrease in loans to affiliates 384 0 0
Change in short-term investments (205) (363) (5)
Investment in capitalized software, leasehold improvements and EDP equipment (85) (71) (83)
Purchase of business, net of cash acquired (21) 0 (61)
Other, net 409 203 157
Net cash provided by (used in) investing activities (5,358) (2,468) (2,751)
Cash flows from financing activities:      
Deposits 9,746 5,757 6,011
Withdrawals (2,874) (2,861) (2,867)
Transfer (to) from Separate Accounts 1,202 1,045 815
Change in short-term financings (69) 95 221
Change in collateralized pledged assets (677) (2) (12)
Change in collateralized pledged liabilities 125 (270) 430
(Decrease) increase in overdrafts payable (85) 80 (39)
Repayment of Loans from Affiliates 0 0 (825)
Repayment of long term debt 0 (200) 0
Shareholder dividends paid (1,050) (767) (382)
Repurchase of AB Holding units (236) (214) (90)
Payments to noncontrolling interests (385) (414) (401)
Increase (decrease) in Securities sold under agreement to repurchase 104 939 950
(Increase) decrease in securities purchased under agreement to resell 79 (79) 0
Other, net 8 5 (7)
Net cash provided by (used in) financing activities 5,751 3,114 3,804
Effect of exchange rate changes on cash and cash equivalents (10) (10) (20)
Change in cash and cash equivalents (78) 312 433
Cash and cash equivalents, beginning of year 3,028 2,716 2,283
Cash and Cash Equivalents, End of Year 2,950 3,028 2,716
Supplemental cash flow information:      
Interest Paid 11 19 72
Income Taxes (Refunded) Paid 613 (80) 272
Variable Interest Entity, Primary Beneficiary      
Cash flows from financing activities:      
Payments to noncontrolling interests $ (137) $ 0 $ 0