AIG 2011 Annual Report Download - page 380

American International Group, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
American Other
International Subsidiaries
Group, Inc. and Consolidated
(in millions) (As Guarantor) SAFG, Inc. Eliminations AIG
Year Ended December 31, 2011
Net cash (used in) provided by operating activities –
continuing operations $ (5,600) $ 1,277 $ 988 $ (3,335)
Net cash (used in) provided by operating activities –
discontinued operations - - 3,370 3,370
Net cash (used in) provided by operating activities (5,600) 1,277 4,358 35
Cash flows from investing activities:
Sales of investments 2,565 - 82,468 85,033
Sales of divested businesses, net 1,075 - (488) 587
Purchase of investments (19) - (101,136) (101,155)
Loans to subsidiaries – net 3,757 - (3,757) -
Contributions to subsidiaries – net*(15,973) (2) 15,975 -
Net change in restricted cash 1,945 - 25,299 27,244
Net change in short-term investments (7,130) - 27,118 19,988
Other, net*1,543 - (1,386) 157
Net cash (used in) provided by investing activities –
continuing operations (12,237) (2) 44,093 31,854
Net cash (used in) provided by investing activities –
discontinued operations - - 4,478 4,478
Net cash (used in) provided by investing activities (12,237) (2) 48,571 36,332
Cash flows from financing activities:
Federal Reserve Bank of New York credit facility
repayments (14,622) - - (14,622)
Issuance of other long-term debt 2,135 117 5,510 7,762
Repayments on other long-term debt (6,181) - (11,629) (17,810)
Proceeds from drawdown on the Department of the Treasury
Commitment*20,292 - - 20,292
Issuance of Common Stock 5,055 - - 5,055
Purchase of Common Stock (70) - - (70)
Intercompany loans – net 11,519 (1,379) (10,140) -
Other, net*(164) - (35,427) (35,591)
Net cash (used in) provided by financing activities –
continuing operations 17,964 (1,262) (51,686) (34,984)
Net cash (used in) provided by financing activities –
discontinued operations - - (1,942) (1,942)
Net cash (used in) provided by financing activities 17,964 (1,262) (53,628) (36,926)
Effect of exchange rate changes on cash - - 29 29
Change in cash 127 13 (670) (530)
Cash at beginning of period 49 - 1,509 1,558
Change in cash of businesses held for sale - - 446 446
Cash at end of period $ 176 $ 13 $ 1,285 $ 1,474
366 AIG 2011 Form 10-K
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS