MetLife 2007 Annual Report Download - page 102
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2007 2006 2005
Cash flows from financing activities
Policyholder account balances:
Deposits......................................................... $58,026 $53,947 $ 52,077
Withdrawals....................................................... (55,256) (50,574) (47,827)
Net change in payables for collateral under securities loaned and other transactions . . . . . . . . . (1,710) 11,331 4,138
Netchangeinshort-termdebt ............................................ (782) 35 (56)
Long-termdebtissued ................................................. 726 284 3,541
Long-termdebtrepaid.................................................. (286) (732) (1,430)
Collateralfinancingarrangementsissued...................................... 4,882 850 —
Sharessubjecttomandatoryredemption...................................... (131) — —
Preferredstockissued ................................................. — — 2,100
Dividendsonpreferredstock ............................................. (137) (134) (63)
Juniorsubordinateddebtsecuritiesissued .................................... 694 1,248 2,533
Treasurystockacquired................................................. (1,705) (500) —
Dividendsoncommonstock.............................................. (541) (450) (394)
Stockoptionsexercised ................................................ 110 83 72
Debtandequityissuancecosts............................................ (14) (25) (128)
Other,net.......................................................... 67 12 (53)
Netcashprovidedbyfinancingactivities ....................................... 3,943 15,375 14,510
Changeincashandcashequivalents......................................... 3,261 3,089 (88)
Cashandcashequivalents,beginningofyear.................................... 7,107 4,018 4,106
Cash and cash equivalents, end of year ..................................... $10,368 $ 7,107 $ 4,018
Cashandcashequivalents,subsidiariesheld-for-sale,beginningofyear .................. $ — $ — $ 58
Cash and cash equivalents, subsidiaries held-for-sale, end of year ................. $ — $ — $ —
Cashandcashequivalents,fromcontinuingoperations,beginningofyear ................. $ 7,107 $ 4,018 $ 4,048
Cash and cash equivalents, from continuing operations, end of year................ $10,368 $ 7,107 $ 4,018
Supplemental disclosures of cash flow information:
Net cash paid during the year for:
Interest.......................................................... $ 1,011 $ 819 $ 579
Incometax........................................................ $ 2,128 $ 409 $ 1,391
Non-cash transactions during the year:
Business acquisitions:
Assetsacquired................................................... $ — $ — $102,112
Less:liabilitiesassumed.............................................. — — 90,090
Netassetsacquired ................................................ — — 12,022
Less:cashpaid................................................... — — 11,012
Businessacquisition,commonstockissued................................. $ — $ — $ 1,010
Business dispositions:
Assetsdisposed................................................... $ — $ — $ 366
Less:liabilitiesdisposed ............................................. — — 269
Netassetsdisposed................................................ — — 97
Plus:equitysecuritiesreceived......................................... — — 43
Less:cashdisposed................................................ — — 43
Businessdisposition,netofcashdisposed ................................. $ — $ — $ 97
ContributionofequitysecuritiestoMetLifeFoundation.......................... $ 12 $ — $ 1
Accrualforstockpurchasecontractsrelatedtocommonequityunits ................ $ — $ — $ 97
Realestateacquiredinsatisfactionofdebt ................................. $ 1 $ 6 $ 1
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, 2007, 2006 and 2005
(In millions)