AIG 2011 Annual Report Download - page 217

American International Group, Inc.
Consolidated Statement of Cash Flows
Years Ended December 31,
(in millions) 2011 2010 2009
Cash flows from operating activities:
Net income (loss) $ 18,506 $ 10,013 $ (12,313)
(Income) loss from discontinued operations (1,535) 2,064 (505)
Adjustments to reconcile net income (loss) to net cash provided by operating
activities:
Noncash revenues, expenses, gains and losses included in income (loss):
Net gains on sales of securities available for sale and other assets (1,766) (2,842) (1,305)
Net (gains) losses on sales of divested businesses 74 (17,767) 1,271
Net losses on extinguishment of debt 2,908 104 -
Unrealized gains in earnings – net (667) (1,361) (4,249)
Equity in (income) loss from equity method investments, net of dividends or
distributions (637) (1,268) 1,633
Depreciation and other amortization 9,883 11,320 12,074
Provision for mortgage and other loans receivable 4429 1,011
Impairments of assets 3,482 5,372 9,260
Amortization of costs and accrued interest and fees related to FRBNY Credit
Facility 48 4,223 10,175
Changes in operating assets and liabilities:
General and life insurance reserves (202) 8,705 5,991
Premiums and other receivables and payables – net 1,828 595 2,282
Reinsurance assets and funds held under reinsurance treaties (1,103) (3,510) (246)
Capitalization of deferred policy acquisition costs (7,796) (9,321) (8,938)
Other policyholder funds (407) 572 689
Current and deferred income taxes – net (18,752) 4,856 (2,397)
Trading securities 281 354 993
Payment of FRBNY Credit Facility accrued compounded interest and fees (6,363) --
Other, net (1,121) (2,835) (3,143)
Total adjustments (20,306) (2,374) 25,101
Net cash provided by (used in) operating activities – continuing operations (3,335) 9,703 12,283
Net cash provided by operating activities – discontinued operations 3,370 7,207 6,301
Net cash provided by operating activities $ 35 $ 16,910 $ 18,584
See Accompanying Notes to Consolidated Financial Statements.
AIG 2011 Form 10-K 203