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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net income $ 1,517 $ 1,028
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net (4) 120
Deferred income tax expense (benefit) 153 161
Share-based compensation 86 74
Net realized investment gains (9) (79)
Net trading (gains) losses 3 3
Loss from equity method investments 18 33
Impairments and provision for loan and credit losses 9 7
Net (gains) losses of consolidated investment entities 4 (20)
Changes in operating assets and liabilities:    
Restricted and segregated investments (198) (265)
Deferred acquisition costs 143 (70)
Policyholder account balances, future policy benefits and claims, net 153 377
Derivatives, net of collateral (41) (122)
Receivables (211) (236)
Brokerage deposits 28 (104)
Accounts payable and accrued expenses (233) 153
Current income tax, net 41 (286)
Deferred taxes, net 6 (312)
Other operating assets and liabilities of consolidated investment entities, net 2 8
Other, net 351 461
Net cash provided by (used in) operating activities 1,818 931
Available-for-Sale securities:    
Proceeds from sales 302 405
Maturities, sinking fund payments and calls 3,990 5,714
Purchases (8,921) (6,210)
Proceeds from sales, maturities and repayments of mortgage loans 71 173
Funding of mortgage loans (116) (120)
Proceeds from sales, maturities and collections of other investments 33 112
Purchase of other investments (61) (54)
Purchase of investments by consolidated investment entities (367) (1,178)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 312 556
Purchase of land, buildings, equipment and software (84) (55)
Cash paid for written options with deferred premiums (120) (210)
Cash received from written options with deferred premiums 87 24
Cash returned (paid) for acquisition of business, net of cash acquired 34 0
Cash paid for deposit receivables (23) (4)
Cash received for deposit receivables 263 44
Other, net 8 (106)
Net cash provided by (used in) investing activities (4,592) (909)
Investment certificates:    
Proceeds from additions 1,835 1,397
Maturities, withdrawals and cash surrenders (1,850) (2,407)
Policyholder account balances:    
Deposits and other additions 487 751
Net transfers from (to) separate accounts (90) (132)
Surrenders and other benefits (649) (693)
Change in banking deposits, net 4,101 1,268
Cash paid for purchased options with deferred premiums (117) (76)
Cash received from purchased options with deferred premiums 168 342
Issuance of long-term debt 495 4
Repayments of long-term debt (505) (4)
Dividends paid to shareholders (266) (255)
Repurchase of common shares (989) (911)
Borrowings of consolidated investment entities 0 1,375
Repayments of debt by consolidated investment entities (1) (754)
Other, net (12) (6)
Net cash provided by (used in) financing activities 2,607 (101)
Effect of exchange rate changes on cash (20) 9
Net increase (decrease) in cash and cash equivalents, including amounts restricted (187) (70)
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 9,382 8,833
Supplemental Disclosures:    
Income taxes paid, net 166 638
Leased assets obtained in exchange for operating lease liabilities 27 52
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 2,494  
Less: Restricted and segregated investments (673)  
Total cash and cash equivalents including amounts restricted 9,382 8,833
Ameriprise Financial    
Supplemental Disclosures:    
Interest paid 54 58
Reconciliation of cash and cash equivalents, including amounts restricted:    
Cash and cash equivalents 7,489  
Consolidated investment entities    
Supplemental Disclosures:    
Interest paid 30 $ 30
Reconciliation of cash and cash equivalents, including amounts restricted:    
Cash and cash equivalents $ 72