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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income $ 761 $ 437
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net (12) 60
Deferred income tax expense (benefit) 154 60
Share-based compensation 44 35
Net realized investment gains (18) (65)
Net trading (gains) losses 0 1
Loss from equity method investments 12 12
Net (gains) losses of consolidated investment entities 3 (19)
Changes in operating assets and liabilities:    
Restricted and segregated investments (124) (315)
Deferred acquisition costs 43 (60)
Policyholder account balances, future policy benefits and claims, net (168) (1,050)
Derivatives, net of collateral (4) 144
Receivables (83) (238)
Brokerage deposits 120 (102)
Accounts payable and accrued expenses (461) (163)
Current income tax, net (27) 90
Deferred taxes, net 2 (115)
Other operating assets and liabilities of consolidated investment entities, net 8 4
Other, net 159 284
Net cash provided by (used in) operating activities 409 (1,000)
Available-for-Sale securities:    
Proceeds from sales 0 92
Maturities, sinking fund payments and calls 2,209 2,964
Purchases (3,972) (3,245)
Proceeds from sales, maturities and repayments of mortgage loans 32 55
Funding of mortgage loans (51) (22)
Proceeds from sales, maturities and collections of other investments 15 54
Purchase of other investments (5) (31)
Purchase of investments by consolidated investment entities (190) (737)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 183 240
Purchase of land, buildings, equipment and software (44) (22)
Cash paid for written options with deferred premiums 0 (211)
Cash received from written options with deferred premiums 12 21
Cash paid for deposit receivables (12) (2)
Cash received for deposit receivables 134 21
Other, net 24 14
Net cash provided by (used in) investing activities (1,665) (809)
Investment certificates:    
Proceeds from additions 733 723
Maturities, withdrawals and cash surrenders (835) (1,224)
Policyholder account balances:    
Deposits and other additions 285 384
Net transfers from (to) separate accounts (57) (60)
Surrenders and other benefits (328) (368)
Change in banking deposits, net 1,802 580
Cash paid for purchased options with deferred premiums (71) (42)
Cash received from purchased options with deferred premiums 168 306
Issuance of long-term debt 0 4
Repayments of long-term debt (502) (2)
Dividends paid to shareholders (129) (129)
Repurchase of common shares (541) (470)
Borrowings of consolidated investment entities 0 797
Repayments of debt by consolidated investment entities (1) (63)
Other, net (6) (3)
Net cash provided by (used in) financing activities 518 433
Effect of exchange rate changes on cash (20) 9
Net increase (decrease) in cash and cash equivalents, including amounts restricted (758) (1,367)
Cash and cash equivalents, including amounts restricted, at beginning of period 9,569 8,903
Cash and cash equivalents, including amounts restricted, at end of period 8,811 7,536
Supplemental Disclosures:    
Income taxes paid, net 34 36
Leased assets obtained in exchange for operating lease liabilities 13 44
Non-cash investing activity:    
Exchange of an investment that resulted in a realized gain and an increase to amortized cost 0 17
Reconciliation of cash and cash equivalents, including amounts restricted:    
Restricted and segregated cash, cash equivalents and investments 2,668  
Less: Restricted and segregated investments (599)  
Total cash and cash equivalents including amounts restricted 8,811 7,536
Ameriprise Financial    
Supplemental Disclosures:    
Interest paid 27 30
Reconciliation of cash and cash equivalents, including amounts restricted:    
Cash and cash equivalents 6,623  
Restricted and segregated cash, cash equivalents and investments 2,668  
Consolidated investment entities    
Supplemental Disclosures:    
Interest paid 13 $ 11
Reconciliation of cash and cash equivalents, including amounts restricted:    
Cash and cash equivalents $ 119