AIG 2011 Annual Report Download - page 381

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, 2010
Net cash (used in) provided by operating activities –
continuing operations $ (1,942) $ (141) $ 11,786 $ 9,703
Net cash (used in) provided by operating activities –
discontinued operations - - 7,207 7,207
Net cash (used in) provided by operating activities (1,942) (141) 18,993 16,910
Cash flows from investing activities:
Sales of investments 3,997 - 89,091 93,088
Sales of divested businesses, net 278 - 21,482 21,760
Purchase of investments (55) - (93,056) (93,111)
Loans to subsidiaries – net 5,703 - (5,703) -
Contributions to subsidiaries – net (2,574) - 2,574 -
Net change in restricted cash (183) - (26,932) (27,115)
Net change in short-term investments (4,291) - (942) (5,233)
Other, net (300) - (32) (332)
Net cash (used in) provided by investing activities –
continuing operations 2,575 - (13,518) (10,943)
Net cash (used in) provided by investing activities –
discontinued operations - - 718 718
Net cash (used in) provided by investing activities 2,575 - (12,800) (10,225)
Cash flows from financing activities:
Federal Reserve Bank of New York credit facility borrowings 19,900 - - 19,900
Federal Reserve Bank of New York credit facility
repayments (19,110) - (4,068) (23,178)
Issuance of other long-term debt 1,996 - 11,050 13,046
Repayments on other long-term debt (3,681) (500) (11,795) (15,976)
Proceeds from drawdown on the Department of the Treasury
Commitment 2,199 - - 2,199
Intercompany loans – net (1,777) 639 1,138 -
Other, net (168) - (1,368) (1,536)
Net cash (used in) provided by financing activities –
continuing operations (641) 139 (5,043) (5,545)
Net cash (used in) provided by financing activities –
discontinued operations - - (3,716) (3,716)
Net cash (used in) provided by financing activities (641) 139 (8,759) (9,261)
Effect of exchange rate changes on cash - - 39 39
Change in cash (8) (2) (2,527) (2,537)
Cash at beginning of period 57 2 4,341 4,400
Change in cash of businesses held for sale - - (305) (305)
Cash at end of period $ 49 $ - $ 1,509 $ 1,558
AIG 2011 Form 10-K 367
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (Continued)