Cash flows from operating activities: | |
Net income (loss) | 2.16B |
(Income) loss from discontinued operations | 54M |
Noncash revenues, expenses, gains and losses included in income (loss): | |
Net gains on sales of securities available for sale and other assets | -1.13B |
Net losses on sales of divested businesses | -351M |
Loss on extinguishment of debt | 76M |
Unrealized (gains) losses in earnings - net | 1.4B |
Equity in income from equity method investments, net of dividends or distributions | 50M |
Depreciation and other amortization | 2.81B |
Provision for mortgage and other loans receivable | |
Impairments of assets | 872M |
Amortization of costs and accrued interest and fees related to FRBNY Credit Facility | |
Changes in operating assets and liabilities: | |
General and life insurance reserves | |
Premiums and other receivables and payables - net | 347M |
Reinsurance assets and funds held under reinsurance treaties | -1.23B |
Capitalization of deferred policy acquisition costs | -3.6B |
Other policyholder funds | |
Current and deferred income taxes - net | 962M |
Trading securities | |
Payment of FRBNY Credit Facility accrued compounded interest and fees | |
Other, net | |
Total adjustments | -458M |
Net cash provided by (used in) operating activities - continuing operations | |
Net cash provided by operating activities - discontinued operations | |
Net cash provided by (used in) operating activities | 1.75B |
Cash flows from investing activities: | |
Sales of available for sale investments | 22.08B |
Maturities of fixed maturity securities available for sale and hybrid investments | 18.21B |
Sales of trading securities | |
Sales or distributions of other invested assets (including flight equipment) | 5.26B |
Sales of divested businesses, net | |
Principal payments received on and sales of mortgage and other loans receivable | 4.44B |
Purchases of available for sale investments | -42.57B |
Purchases of trading securities | |
Purchases of other invested assets (including flight equipment) | -2.47B |
Mortgage and other loans receivable issued and purchased | -7.78B |
Net change in restricted cash | -49M |
Net change in short-term investments | -855M |
Net change in derivative assets and liabilities other than Capital Markets | |
Other, net | 1.27B |
Net cash provided by (used in) investing activities - continuing operations | |
Net cash provided by (used in) investing activities - discontinued operations | |
Net cash provided by (used in) investing activities | 325M |
Cash flows from financing activities: | |
Policyholder contract deposits | 13.58B |
Policyholder contract withdrawals | -9.99B |
Net change in short-term debt | |
Federal Reserve Bank of New York credit facility borrowings | |
Federal Reserve Bank of New York credit facility repayments | |
Issuance of other long-term debt | |
Repayments of other long-term debt | |
Proceeds from drawdown on the Department of the Treasury Commitment | |
Repayment of Department of the Treasury SPV Preferred Interests | |
Repayment of Federal Reserve Bank of New York SPV Preferred Interests | |
Issuance of Common Stock | 0 |
Acquisition of noncontrolling interest | |
Other, net | 915M |
Net cash used in financing activities - continuing operations | |
Net cash used in financing activities - discontinued operations | |
Net cash used in financing activities | -1.3B |
Effect of exchange rate changes on cash | 88M |
Net increase (decrease) in cash | 869M |
Cash at beginning of period | 1.63B |
Change in cash of businesses held for sale | |
Cash at end of period | 2.5B |