AIG 2005 Annual Report Download - page 189

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AMERICAN INTERNATIONAL GROUP, INC. AND SUBSIDIARIES
23. Information Provided in Connection With Outstanding Debt
Continued
CONDENSED CONSOLIDATING STATEMENT OF INCOME
American
International AIG
Group, Inc. Liquidity Other Consolidated
(in millions) Guarantor Corp. Subsidiaries Eliminations AIG
Year Ended December 31, 2005
Operating Income $ (1,569) $ *$ 16,782 $ – $ 15,213
Equity in undistributed net income of consolidated subsidiaries 10,368 – 2,530 (12,898) –
Dividend income from consolidated subsidiaries 1,746 *– (1,746) –
Income taxes (benefits) 68 – 4,190 – 4,258
Minority interest – – (478) – (478)
Cumulative effect of an accounting change – – – – –
Net income (loss) $10,477 $ *$ 14,644 $ (14,644) $ 10,477
Year Ended December 31, 2004
Operating Income $ 161 $ *$14,684 $ – $14,845
Equity in undistributed net income of consolidated subsidiaries 8,705 – 2,048 (10,753) –
Dividend income from consolidated subsidiaries 1,836 – 65 (1,901) –
Income taxes (benefits) 863 *3,544 – 4,407
Minority interest – – (455) – (455)
Cumulative effect of an accounting change – – (144) – (144)
Net income (loss) $ 9,839 $ *$12,654 $(12,654) $ 9,839
Year Ended December 31, 2003
Operating Income $ (708) $ *$12,615 $ – $11,907
Equity in undistributed net income of consolidated subsidiaries 7,708 – 1,804 (9,512) –
Dividend income from consolidated subsidiaries 1,471 – 196 (1,667) –
Income taxes (benefits) 363 *3,193 – 3,556
Minority interest – – (252) – (252)
Cumulative effect of an accounting change – – 9 – 9
Net income (loss) $ 8,108 $ *$11,179 $(11,179) $ 8,108
* Amounts significantly less than $1 million.
AIG m Form 10-K 137