AIG 2013 Annual Report Download - page 347

Total revenues $ 18,649 $ 17,338 $ 17,865 $ 17,169
Income (loss) from continuing
operations before income taxes 4,584 1,751 2,595 (6,039)
Income (loss) from discontinued
operations, net of income taxes 13 (5) 1 (8)
Net income (loss) 3,449 2,339 1,861 (3,949)
Net income (loss) from continuing
operations attributable to
noncontrolling interests:
Nonvoting, callable, junior, and senior
preferred interests 208 – – –
Other 33 7 5 9
Total net income (loss) attributable to
noncontrolling interests 241 7 5 9
Net income (loss) attributable to AIG*$ 3,208 $ 2,332 $ 1,856 $ (3,958)
Earnings (loss) per common share
attributable to AIG common
shareholders:
Basic:
Income (loss) from continuing
operations $ 1.70 $ 1.33 $ 1.13 $ (2.68)
Income (loss) from discontinued
operations $ 0.01 $ – $ – $ –
Diluted:
Income (loss) from continuing
operations $ 1.70 $ 1.33 $ 1.13 $ (2.68)
Income (loss) from discontinued
operations $ 0.01 $ – $ – $ –
Weighted average shares
outstanding:
Basic 1,875,972,970 1,756,689,067 1,642,472,814 1,476,457,586
Diluted 1,876,002,775 1,756,714,475 1,642,502,251 1,476,457,586
Noteworthy quarterly items — income
(expense):
Other-than-temporary impairments (618) (216) (114) (219)
Net (gain) loss on sale of divested
businesses 3 – – 6,733
Adjustment to federal deferred tax
valuation allowance 347 1,239 205 116
Net gain (loss) on extinguishment
of debt (21) (11) – –
Change in fair value of AIA
securities 1,795 (493) 527 240
Change in fair value of Maiden
Lane Interests 1,498 1,306 330 –
* Net income attributable to AIG for the three-month period ended December 31, 2013 includes $327 million of net charges primarily related to
income taxes to correct prior 2013 quarters presented. Such amounts are not material to any period presented.
25. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Consolidated Statements of Income (Loss)
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AIG 2013 Form 10-K 329
ITEM 8 / NOTE 25. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Three Months Ended
March 31, June 30, September 30, December 31,
(dollars in millions, except per share
data) 2013 2012 2013 2012 2013 2012 2013 2012
$ 16,962 $ 18,426 $ 15,944 $ 17,346
2,875 3,165 1,178 2,150
73 18 (18) 11
2,231 2,758 2,130 1,973
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25 27 (40) (5)
25 27 (40) (5)
$ 2,206 $ 2,731 $ 2,170 $ 1,978
$ 1.44 $ 1.84 $ 1.48 $ 1.34
$ 0.05 $ 0.01 $ (0.01) $ 0.01
$ 1.44 $ 1.83 $ 1.47 $ 1.33
$ 0.05 $ 0.01 $ (0.01) $ 0.01
1,476,471,097 1,476,512,720 1,475,053,126 1,468,725,573
1,476,678,931 1,482,246,618 1,485,322,858 1,480,654,482
(74) (86) (56) (111)
–47 – 1
761 509 1,154 741
(340) (38) (81) (192)
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