MetLife 2006 Annual Report Download - page 89

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2006 2005 2004
Cash flows from financing activities
Policyholder account balances:
Deposits......................................................... $53,947 $ 52,077 $39,506
Withdrawals....................................................... (50,574) (47,827) (31,056)
Net change in payables for collateral under securities loaned and other transactions . . . . . . . . . 11,331 4,138 1,595
Netchangeinshort-termdebt ............................................ 35 (56) (2,178)
Long-termdebtissued ................................................. 1,134 3,541 1,822
Long-termdebtrepaid.................................................. (732) (1,430) (119)
Preferredstockissued ................................................. — 2,100 —
Dividendsonpreferredstock ............................................. (134) (63) —
Juniorsubordinateddebtsecuritiesissued .................................... 1,248 2,533 —
Treasurystockacquired................................................. (500) — (1,000)
Dividendsoncommonstock.............................................. (450) (394) (343)
Stockoptionsexercised ................................................ 83 72 46
Debtandequityissuancecosts............................................ (25) (128) —
Other,net.......................................................... 12 (53) —
Netcashprovidedbyfinancingactivities ....................................... 15,375 14,510 8,273
Changeincashandcashequivalents......................................... 3,089 (88) 373
Cashandcashequivalents,beginningofyear.................................... 4,018 4,106 3,733
Cash and cash equivalents, end of year ..................................... $ 7,107 $ 4,018 $ 4,106
Cashandcashequivalents,subsidiariesheld-for-sale,beginningofyear .................. $ — $ 58 $ 57
Cash and cash equivalents, subsidiaries held-for-sale, end of year ................. $ — $ — $ 58
Cashandcashequivalents,fromcontinuingoperations,beginningofyear ................. $ 4,018 $ 4,048 $ 3,676
Cash and cash equivalents, from continuing operations, end of year................ $ 7,107 $ 4,018 $ 4,048
Supplemental disclosures of cash flow information:
Net cash paid during the year for:
Interest.......................................................... $ 819 $ 579 $ 362
Incometax........................................................ $ 409 $ 1,391 $ 977
Non-cash transactions during the year:
Business acquisitions:
Assetsacquired................................................... $ — $102,112 $ 20
Less:liabilitiesassumed.............................................. — 90,090 13
Netassetsacquired ................................................ — 12,022 7
Less:cashpaid................................................... — 11,012 7
Businessacquisitions,commonstockissued................................ $ — $ 1,010 $ —
Business dispositions:
Assetsdisposed................................................... $ — $ 366 $ 923
Less:liabilitiesdisposed ............................................. — 269 820
Netassetsdisposed................................................ — 97 103
Plus:equitysecuritiesreceived......................................... — 43 —
Less:cashdisposed................................................ — 43 103
Businessdisposition,netofcashdisposed ................................. $ — $ 97 $ —
ContributionofequitysecuritiestoMetLifeFoundation.......................... $ — $ 1 $ 50
Accrualforstockpurchasecontractsrelatedtocommonequityunits ................ $ — $ 97 $ —
Purchasemoneymortgageonrealestatesale ............................... $ — $ — $ 2
Realestateacquiredinsatisfactionofdebt ................................. $ 6 $ 1 $ 7
Transferfromfundswithheldatinteresttofixedmaturitysecurities .................. $ — $ — $ 606
See accompanying notes to consolidated financial statements.
F-6 MetLife, Inc.
METLIFE, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS — (Continued)
FOR THE YEARS ENDED DECEMBER 31, 2006, 2005 AND 2004
(In millions)