AIG 2015 Annual Report Download - page 341

ITEM 8 / NOTE 24. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
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341
Condensed Consolidating Statements of Income (Loss)
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) AIGLH Subsidiaries Eliminations AIG
Year Ended December 31, 2015
Revenues:
Equity in earnings of consolidated subsidiaries* $3,954 $1,936 $ - $ (5,890) $ -
Other income 88 -58,953 (714) 58,327
Total revenues 4,042 1,936 58,953 (6,604) 58,327
Expenses:
Interest expense 1,049 58 302 (128) 1,281
Loss on extinguishment of debt 703 -46 7756
Other expenses 1,178 44 52,374 (587) 53,009
Total expenses 2,930 102 52,722 (708) 55,046
Income (loss) from continuing operations before income tax
expense (benefit) 1,112 1,834 6,231 (5,896) 3,281
Income tax expense (benefit) (1,086) (73) 2,218 -1,059
Income (loss) from continuing operations 2,198 1,907 4,013 (5,896) 2,222
Income (loss) from discontinued operations, net of income taxes (2) - 2 - -
Net income (loss) 2,196 1,907 4,015 (5,896) 2,222
Less:
Net income from continuing operations attributable to
noncontrolling interests - - 26 -26
Net income (loss) attributable to AIG $2,196 $1,907 $3,989 $ (5,896) $2,196
Year Ended December 31, 2014
Revenues:
Equity in earnings of consolidated subsidiaries* $9,450 $3,519 $ - $ (12,969) $ -
Other income 1,658 -63,157 (409) 64,406
Total revenues 11,108 3,519 63,157 (13,378) 64,406
Expenses:
Interest expense 1,507 100 243 (132) 1,718
Loss on extinguishment of debt 2,248 -85 (51) 2,282
Other expenses 1,546 203 48,315 (159) 49,905
Total expenses 5,301 303 48,643 (342) 53,905
Income (loss) from continuing operations before income tax
expense (benefit) 5,807 3,216 14,514 (13,036) 10,501
Income tax expense (benefit) (1,735) (103) 4,817 (52) 2,927
Income (loss) from continuing operations 7,542 3,319 9,697 (12,984) 7,574
Loss from discontinued operations, net of income taxes (13) -(37) -(50)
Net income (loss) 7,529 3,319 9,660 (12,984) 7,524
Less:
Net income (loss) from continuing operations attributable to
noncontrolling interests: - - (5) -(5)
Net income (loss) attributable to AIG $7,529 $3,319 $9,665 $ (12,984) $7,529