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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Statement of Cash Flows [Abstract]    
Net income $ 2,036 $ 395
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 47 46
Deferred income tax expense (benefit) 1,273 (2)
Share-based compensation 36 30
Net realized investment (gains) losses (5) (10)
Net trading (gains) losses (3) (4)
Loss from equity method investments 19 12
Impairments and provision for loan losses 21 5
Net (gains) losses of consolidated investment entities 6 4
Changes in operating assets and liabilities:    
Restricted and segregated investments 0 (25)
Deferred acquisition costs 452 (55)
Policyholder account balances, future policy benefits and claims, net 2,634 (201)
Derivatives, net of collateral (681) 316
Receivables (13) 125
Brokerage deposits 378 (264)
Accounts payable and accrued expenses (432) (177)
Current Income Tax Expense (Benefit) (1,081) 33
Change in Other Operating Assets and Liabilities of Consolidated Investment Entities (1) 1
Other, net 207 (57)
Net cash provided by (used in) operating activities 4,893 172
Available-for-Sale securities:    
Proceeds from sales 633 92
Maturities, sinking fund payments and calls 2,050 1,986
Purchases (2,529) (2,085)
Proceeds from sales, maturities and repayments of mortgage loans 54 64
Funding of mortgage loans (62) (43)
Proceeds from sales, maturities and collections of other investments 77 51
Purchase of other investments (115) (93)
Purchase of investments by consolidated investment entities (133) (203)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 141 132
Purchase of land, buildings, equipment and software (29) (31)
Payments for Derivative Instrument, Investing Activities (258) (42)
Proceeds from Derivative Instrument, Investing Activities 95 35
Cash paid for deposit receivable (1) (345)
Cash received for deposit receivable 30 0
Other, net 7 1
Net cash provided by (used in) investing activities (40) (481)
Investment certificates:    
Proceeds from additions 1,271 1,618
Maturities, withdrawals and cash surrenders (1,449) (1,377)
Policyholder account balances:    
Deposits and other additions 255 585
Net transfers from (to) separate accounts 30 (1)
Surrenders and other benefits (430) (476)
Change in banking deposits, net 2,372 0
Cash paid for purchased options with deferred premiums (36) (44)
Cash received from purchased options with deferred premiums 0 12
Proceeds from Debt, Net of Issuance Costs 0 497
Repayments of long-term debt (753) (3)
Dividends paid to shareholders (122) (124)
Repurchase of common shares (480) (385)
Exercise of stock options 1 1
Repayments of debt by consolidated investment entities (29) (12)
Proceeds from (Payments for) Other Financing Activities (2) 0
Net cash provided by (used in) financing activities 628 291
Effect of exchange rate changes on cash (17) 7
Cash and Cash Equivalents including Disposal Group, Period Increase (Decrease) 5,464 (11)
Less: Cash and Cash Equivalents of Disposal Group, Period Increase (Decrease) 0 111
Net increase (decrease) in cash and cash equivalents, including amounts restricted and cash balances classified as assets held-for-sale 5,464 (122)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 6,213 5,883
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 11,677 $ 5,761
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations $ 11,677