AIG 2011 Annual Report Download - page 218

American International Group, Inc.
Consolidated Statement of Cash Flows (Continued)
Years Ended December 31,
(in millions) 2011 2010 2009
Cash flows from investing activities:
Proceeds from (payments for)
Sales of available for sale investments 44,026 56,213 39,969
Maturities of fixed maturity securities available for sale and hybrid investments 20,131 14,657 15,778
Sales of trading securities 9,733 6,313 12,493
Sales or distributions of other invested assets (including flight equipment) 7,936 10,495 10,745
Sales of divested businesses, net 587 21,760 5,278
Principal payments received on and sales of mortgage and other loans receivable 3,207 5,410 9,195
Purchases of available for sale investments (90,630) (79,263) (58,859)
Purchases of trading securities (1,250) (3,003) (4,854)
Purchases of other invested assets (including flight equipment) (6,675) (7,850) (10,270)
Mortgage and other loans receivable issued and purchased (2,600) (2,995) (6,283)
Net change in restricted cash 27,244 (27,115) (250)
Net change in short-term investments 19,988 (5,233) (9,021)
Net change in derivative assets and liabilities other than AIGFP 587 267 (127)
Other, net (430) (599) 2,612
Net cash provided by (used in) investing activities – continuing operations 31,854 (10,943) 6,406
Net cash provided by (used in) investing activities – discontinued operations 4,478 718 (628)
Net cash provided by (used in) investing activities 36,332 (10,225) 5,778
Cash flows from financing activities:
Proceeds from (payments for)
Policyholder contract deposits 17,903 19,570 21,546
Policyholder contract withdrawals (13,570) (14,897) (26,258)
Net change in short-term debt (227) (5,630) (11,072)
Federal Reserve Bank of New York credit facility borrowings -19,900 32,526
Federal Reserve Bank of New York credit facility repayments (14,622) (23,178) (26,426)
Issuance of other long-term debt 7,762 13,046 3,452
Repayments of other long-term debt (17,810) (15,976) (19,451)
Proceeds from drawdown on the Department of the Treasury Commitment 20,292 2,199 5,344
Repayment of Department of the Treasury SPV Preferred Interests (12,425) --
Repayment of Federal Reserve Bank of New York SPV Preferred Interests (26,432) --
Issuance of Common Stock 5,055 --
Purchase of Common Stock (70) --
Acquisition of noncontrolling interest (688) --
Other, net (152) (579) (671)
Net cash used in financing activities – continuing operations (34,984) (5,545) (21,010)
Net cash used in financing activities – discontinued operations (1,942) (3,716) (7,987)
Net cash used in financing activities (36,926) (9,261) (28,997)
Effect of exchange rate changes on cash 29 39 533
Net decrease in cash (530) (2,537) (4,102)
Cash at beginning of period 1,558 4,400 8,642
Change in cash of businesses held for sale 446 (305) (140)
Cash at end of period $ 1,474 $ 1,558 $ 4,400
See Accompanying Notes to Consolidated Financial Statements.
204 AIG 2011 Form 10-K