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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities      
Net income $ 2,559 $ 2,760 $ 1,534
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation, amortization and accretion, net (40) 98 207
Deferred income tax expense (benefit) (4) (87) (321)
Share-based compensation 170 152 146
Net realized investment (gains) losses (1) (632) (22)
Net trading (gains) losses 16 5 (10)
Loss from equity method investments 36 75 66
Impairments and provision for loan and credit losses 98 4 24
Net (gains) losses of consolidated investment entities 17 (20) 7
Changes in operating assets and liabilities      
Restricted and segregated investments (96) 25 (500)
Deferred acquisition costs 11 (156) 49
Policyholder account balances, future policy benefits and claims, net 1,433 2,086 3,054
Derivatives, net of collateral 315 (570) (141)
Receivables 44 (520) (648)
Brokerage deposits (345) 26 346
Accounts payable and accrued expenses (219) 300 129
Current income tax, net 116 (308) 25
Deferred taxes, net 4 4 334
Other operating assets and liabilities of consolidated investment entities, net 2 20 (15)
Other, net 291 63 359
Net cash provided by (used in) operating activities 4,407 3,325 4,623
Available-for-Sale securities:      
Proceeds from sales 1,306 556 1,708
Maturities, sinking fund payments and calls 7,621 11,501 9,554
Purchases (22,034) (14,718) (13,525)
Proceeds from sales, maturities and repayments of mortgage loans 169 299 217
Funding and purchases of mortgage loans (207) (263) (165)
Proceeds from sales, maturities and collections of other investments 96 173 198
Purchase of other investments (99) (97) (284)
Purchase of investments by consolidated investment entities (961) (1,603) (957)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 615 1,047 606
Purchase of land, buildings, equipment and software (182) (120) (147)
Cash paid for written options with deferred premiums (619) (552) (338)
Cash received from written options with deferred premiums 204 106 133
Cash returned (paid) for acquisition of business, net of cash acquired 34 (576) 0
Cash paid for deposit receivables (45) (377) (4)
Cash received for deposit receivables 550 254 93
Other, net (31) (10) 17
Net cash provided by (used in) investing activities (13,583) (4,380) (2,894)
Investment certificates:      
Proceeds from additions 8,343 2,733 4,259
Maturities, withdrawals and cash surrenders (4,339) (4,190) (5,016)
Policyholder account balances:      
Deposits and other additions 1,169 1,553 1,649
Net transfers from (to) separate accounts (162) (273) (125)
Surrenders and other benefits (1,459) (1,365) (1,357)
Change in banking deposits, net 6,885 4,016 3,616
Cash paid for purchased options with deferred premiums (197) (156) (211)
Cash received from purchased options with deferred premiums 378 1,350 40
Issuance of long-term debt, net of issuance costs 495 4 496
Repayments of long-term debt (510) (9) (762)
Dividends paid to shareholders (534) (511) (497)
Repurchase of common shares (1,978) (2,030) (1,441)
Exercise of stock options 0 1 3
Borrowings of consolidated investment entities 341 1,756 382
Repayments of debt by consolidated investment entities (4) (1,142) (74)
Other, net 2 (14) (10)
Net cash provided by (used in) financing activities 8,430 1,723 952
Effect of exchange rate changes on cash (68) (2) 9
Net increase (decrease) in cash and cash equivalents, including amounts restricted (814) 666 2,690
Cash and cash equivalents, including amounts restricted at beginning of period 9,569 8,903 6,213
Cash and cash equivalents, including amounts restricted at end of period 8,755 9,569 8,903
Supplemental Disclosures:      
Income taxes paid, net 500 986 236
Leased assets obtained in exchange for finance lease liabilities 0 4 0
Leased assets obtained in exchange for operating lease liabilities 47 109 76
Non-cash investing activities:      
Investments transferred in connection with fixed annuity reinsurance transaction 0 7,513 0
Exchange of an investment that resulted in a realized gain and an increase to amortized cost 0 17 0
Reconciliation of cash and cash equivalents, including amounts restricted:      
Restricted and segregated cash, cash equivalents and investments 2,229 2,795  
Less: Restricted and segregated investments (571) (474)  
Total cash and cash equivalents, including amounts restricted per consolidated statements of cash flows 8,755 9,569 8,903
Ameriprise Financial      
Supplemental Disclosures:      
Interest paid 152 113 168
Reconciliation of cash and cash equivalents, including amounts restricted:      
Cash and cash equivalents 6,964 7,127  
Consolidated investment entities      
Supplemental Disclosures:      
Interest paid 75 90 $ 55
Reconciliation of cash and cash equivalents, including amounts restricted:      
Cash and cash equivalents $ 133 $ 121