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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net loss $ (1,012) $ (25) $ (500)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Net loss (gain) from securities transactions 595 52 (1,206)
Purchases of securities (963) (2,985) (2,158)
Proceeds from sales of securities 4,537 5,359 4,172
Payments to cover securities sold, not yet purchased (4,692) (2,908) (2,775)
Proceeds from securities sold, not yet purchased 1,358 3,836 4,025
Changes in receivables and payables relating to securities transactions 2,268 (2,390) (2,035)
Changes in derivative assets and liabilities 1,029 (296) 321
(Gain) loss on disposition of assets, net (8) 8 (141)
Depreciation and amortization 518 509 517
Loss on deconsolidation of subsidiary 246    
Credit loss expense 139    
Impairment 7    
Deferred taxes (48) (148) (168)
Inventory write-down   84 59
Other, net (84) 72 50
Changes in other operating assets and liabilities:      
Accounts receivable, net 78 (110) (110)
Related party note receivable 7    
Inventories 27 (180) (83)
Other assets 55 (11) 24
Accounts payable 59 45 77
Accrued expenses and other liabilities (380) 143 252
Net cash provided by operating activities 3,736 1,055 321
Cash flows from investing activities:      
Capital expenditures (303) (338) (305)
Turnaround expenditures (57) (83) (5)
Acquisition of businesses, net of cash acquired (20)   (20)
Proceeds from sale of investments   153 445
Proceeds from disposition of businesses and assets 33 4 414
Related party note receivable payments and distributions, net 30    
Other, net 27 4 (1)
Net cash (used in) provided by investing activities (290) (260) 528
Cash flows from financing activities:      
Investment segment contributions from non-controlling interests   9 79
Investment segment distributions to non-controlling interests (2,199) (23) (5)
Partnership contributions 185 768 835
Partnership distributions (307) (226) (134)
Purchase of additional interests in consolidated subsidiaries 158 (1)  
Dividends and distributions to non-controlling interests in subsidiaries (319) (270) (101)
Proceeds from Holding Company senior unsecured notes 699   1,214
Repayments of Holding Company senior unsecured notes (1,159) (500) (1,205)
Proceeds from subsidiary borrowings 683 115 1,165
Repayments of subsidiary borrowings (112) (216) (1,545)
Other, net (14)   (10)
Net cash (used in) provided by financing activities (2,385) (344) 293
Effect of exchange rate changes on cash and cash equivalents and restricted cash and restricted cash equivalents (1) (1) 3
Net increase in cash and cash equivalents and restricted cash and restricted cash equivalents 1,060 450 1,145
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period 4,886 4,436 3,291
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period $ 5,946 $ 4,886 $ 4,436