AIG 2005 Annual Report Download - page 129

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AMERICAN INTERNATIONAL GROUP, INC. AND SUBSIDIARIES
Consolidated Statement of Cash Flows Continued
Years Ended December 31,
(in millions) 2005 2004 2003
Cash flows from investing activities:
Cost of bonds, at market sold $ 111,866 $ 91,714 $ 90,430
Cost of bonds, at market matured or redeemed 16,017 13,958 15,966
Cost of equity securities sold 11,072 11,711 10,012
Realized capital gains (losses) 341 44 (442)
Purchases of fixed maturities (152,045) (158,023) (153,742)
Purchases of equity securities (12,972) (13,674) (10,473)
Acquisitions, net of cash acquired –– (2,091)
Mortgage, policy and collateral loans granted (5,306) (2,128) (3,016)
Repayments of mortgage, policy and collateral loans 3,973 1,731 2,043
Sales of securities available for sale 9,324 4,291 8,376
Maturities of securities available for sale 3,023 5,802 4,690
Purchases of securities available for sale (20,642) (16,133) (12,010)
Sales of flight equipment 695 1,329 1,212
Purchases of flight equipment (6,193) (4,860) (5,460)
Change in securities lending collateral (10,302) (19,777) (6,048)
Net additions to real estate and other fixed assets (2,018) (950) (1,131)
Sales or distributions of other invested assets 14,379 8,453 8,730
Investments in other invested assets (14,387) (11,599) (10,483)
Change in short-term investments 760 (2,542) (1,563)
Investments in partially owned companies (50) 1 255
Finance receivable originations and purchases (52,281) (21,636) (14,690)
Finance receivable principal payments received 47,425 15,173 12,531
Net cash used in investing activities $ (57,321) $ (97,115) $ (66,904)
Cash flows from financing activities:
Receipts from policyholders’ contract deposits $ 46,298 $ 55,919 $ 38,867
Withdrawals from policyholders’ contract deposits (35,797) (24,497) (18,422)
Change in trust deposits and deposits due to banks and other depositors 629 648 641
Change in commercial paper (485) 3,755 (3,174)
Proceeds from notes, bonds, loans and mortgages payable 53,875 31,918 23,665
Repayments on notes, bonds, loans and mortgages payable (42,248) (22,565) (14,408)
Liquidation of zero coupon notes payable –(189) –
Proceeds from guaranteed investment agreements 12,388 10,814 6,387
Maturities of guaranteed investment agreements (10,496) (7,232) (5,900)
Change in securities lending payable 10,437 19,777 6,501
Redemption of subsidiary company preferred stock (100) (200) (371)
Proceeds from common stock issued 82 158 74
Cash dividends to shareholders (1,421) (730) (584)
Acquisition of treasury stock (176) (1,083) (207)
Other – net 13 11
Net cash provided by financing activities $ 32,999 $ 66,494 $ 33,070
Supplementary information:
Taxes paid $ 2,593 $ 3,060 $ 2,454
Interest paid $ 4,958 $ 4,314 $ 4,128
See Accompanying Notes to Consolidated Financial Statements.
AIG m Form 10-K 77