AIG 2011 Annual Report Download - page 382

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, 2009
Net cash (used in) provided by operating activities –
continuing operations $ (1,393) $ (120) $ 13,796 $ 12,283
Net cash (used in) provided by operating activities –
discontinued operations - - 6,301 6,301
Net cash (used in) provided by operating activities (1,393) (120) 20,097 18,584
Cash flows from investing activities:
Sales of investments 1,981 - 86,199 88,180
Sales of divested businesses, net 857 169 4,252 5,278
Purchase of investments (400) - (79,866) (80,266)
Loans to subsidiaries – net (5,927) - 5,927 -
Contributions to subsidiaries – net (5,683) (2,350) 8,033 -
Net change in restricted cash 99 - (349) (250)
Net change in short-term investments 702 - (9,723) (9,021)
Other, net (254) - 2,739 2,485
Net cash (used in) provided by investing activities –
continuing operations (8,625) (2,181) 17,212 6,406
Net cash (used in) provided by investing activities –
discontinued operations - - (628) (628)
Net cash (used in) provided by investing activities (8,625) (2,181) 16,584 5,778
Cash flows from financing activities:
Federal Reserve Bank of New York credit facility borrowings 32,526 - - 32,526
Federal Reserve Bank of New York credit facility
repayments (26,400) - (26) (26,426)
Issuance of other long-term debt - - 3,452 3,452
Repayments on other long-term debt (2,931) - (16,520) (19,451)
Proceeds from drawdown on the Department of the Treasury
Commitment 5,344 - - 5,344
Intercompany loans – net 1,563 1,103 (2,666) -
Other, net (130) 1,200 (17,525) (16,455)
Net cash (used in) provided by financing activities –
continuing operations 9,972 2,303 (33,285) (21,010)
Net cash (used in) provided by financing activities –
discontinued operations - - (7,987) (7,987)
Net cash (used in) provided by financing activities 9,972 2,303 (41,272) (28,997)
Effect of exchange rate changes on cash - - 533 533
Change in cash (46) 2 (4,058) (4,102)
Cash at beginning of period 103 - 8,539 8,642
Change in cash of businesses held for sale - - (140) (140)
Cash at end of period $ 57 $ 2 $ 4,341 $ 4,400
* Includes activities related to the Recapitalization. See Note 17 herein.
368 AIG 2011 Form 10-K
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (Continued)