Cigna 2014 Annual Report Download - page 158

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PART IV
ITEM 15. Exhibits and Financial Statement Schedules
Cigna Corporation and Subsidiaries
Schedule II – Condensed Financial Information of Cigna Corporation (Registrant)
Statements of Cash Flows
For the years ended December 31,
(In millions)
2014 2013 2012
Cash Flows from Operating Activities:
Shareholders’ Net Income $ 2,102 $ 1,476 $ 1,623
Adjustments to reconcile shareholders’ net income to net cash provided by operating
activities:
Equity in income of subsidiaries (2,358) (1,702) (1,932)
Dividends received from subsidiaries 1,648 506 671
Other liabilities (73) (245) (213)
Other, net 173 63 191
Net cash provided by operating activities 1,492 98 340
Cash Flows from Investing Activities:
Other, net 11 – (19)
Net cash provided by / (used in) investing activities 11 – (19)
Cash Flows from Financing Activities:
Net change in amounts due to / from affiliates 61 751 (208)
Net change in short-term debt – (100) 100
Issuance of common stock 110 150 121
Common dividends paid (11) (11) (11)
Repurchase of common stock (1,612) (1,003) (208)
Net cash used in financing activities (1,452) (213) (206)
Net increase (decrease) in cash and cash equivalents 51 (115) 115
Cash and cash equivalents, beginning of year – 115 –
Cash and cash equivalents, end of year $ 51 $ – $ 115
See Notes to Financial Statements on the following pages.
FS-6 CIGNA CORPORATION - 2014 Form 10-K