MetLife 2007 Annual Report Download - page 101

Download and view the complete annual report

Please find page 101 of the 2007 MetLife annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 184

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184

MetLife, Inc.
Consolidated Statements of Cash Flows
For the Years Ended December 31, 2007, 2006 and 2005
(In millions)
2007 2006 2005
Cash flows from operating activities
Netincome........................................................ $ 4,317 $ 6,293 $ 4,714
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciationandamortizationexpenses .................................. 457 394 352
Amortization of premiums and accretion of discounts associated with investments, net . . . . (955) (618) (201)
(Gains)lossesfromsalesofinvestmentsandbusinesses,net..................... 619 (3,492) (2,271)
Undistributed equity earnings of real estate joint ventures
andotherlimitedpartnershipinterests................................... (606) (459) (416)
Interestcreditedtopolicyholderaccountbalances............................ 5,790 5,246 3,925
Interestcreditedtobankdeposits....................................... 200 193 106
Universallifeandinvestment-typeproductpolicyfees.......................... (5,311) (4,780) (3,828)
Changeinaccruedinvestmentincome ................................... (275) (315) (157)
Changeinpremiumsandotherreceivables................................. (283) (2,655) (37)
Changeindeferredpolicyacquisitioncosts,net ............................. (1,178) (1,317) (1,043)
Changeininsurance-relatedliabilities .................................... 5,463 5,031 5,709
Changeintradingsecurities .......................................... 200 (432) (244)
Changeinincometaxpayable......................................... 101 2,039 528
Changeinotherassets ............................................. 643 1,712 347
Changeinotherliabilities ............................................ 729 (202) 506
Other,net ...................................................... 51 (38) 29
Netcashprovidedbyoperatingactivities..................................... 9,962 6,600 8,019
Cash flows from investing activities
Sales, maturities and repayments of:
Fixed maturity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112,062 113,321 155,709
Equitysecurities.................................................. 1,738 1,313 1,062
Mortgageandconsumerloans......................................... 9,854 8,348 8,462
Realestateandrealestatejointventures.................................. 664 6,211 3,668
Otherlimitedpartnershipinterests....................................... 1,121 1,768 1,132
Purchases of:
Fixed maturity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (112,534) (129,644) (169,111)
Equitysecurities.................................................. (2,883) (1,052) (1,509)
Mortgageandconsumerloans......................................... (14,365) (13,472) (10,902)
Realestateandrealestatejointventures.................................. (2,228) (1,523) (1,451)
Otherlimitedpartnershipinterests....................................... (2,041) (1,915) (1,105)
Netchangeinshort-terminvestments ..................................... 55 595 2,267
Additionalconsiderationrelatedtopurchasesofbusinesses....................... — (115) —
Purchases of businesses, net of cash received of $13, $0 and $852, respectively . . . . . . . . . (43) — (10,160)
Proceeds from sales of businesses, net of cash disposed of $763, $0 and $43, respectively. . (694) 48 260
Netchangeinotherinvestedassets ...................................... (1,020) (2,411) (450)
Other,net........................................................ (330) (358) (489)
Netcashusedininvestingactivities........................................ $ (10,644) $ (18,886) $ (22,617)
See accompanying notes to consolidated financial statements.
F-5MetLife, Inc.