MetLife 2009 Annual Report Download - page 91

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MetLife, Inc.
Consolidated Statements of Cash Flows
For the Years Ended December 31, 2009, 2008 and 2007
(In millions)
2009 2008 2007
Cash flows from operating activities
Netincome(loss) ..................................................... $ (2,278) $ 3,278 $ 4,465
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciationandamortizationexpenses ................................... 520 375 457
Amortization of premiums and accretion of discounts associated with investments, net . . . . . (967) (939) (955)
(Gains)lossesfromsalesofinvestmentsandbusinesses,net...................... 7,715 (1,127) 619
Undistributed equity earnings of real estate joint ventures and other limited partnership
interests....................................................... 1,118 679 (606)
Interestcreditedtopolicyholderaccountbalances............................. 4,852 4,911 5,790
Interestcreditedtobankdeposits........................................ 163 166 200
Universallifeandinvestment-typeproductpolicyfees........................... (5,218) (5,462) (5,310)
Changeinaccruedinvestmentincome .................................... (110) 428 (275)
Changeinpremiumsandotherreceivables.................................. (1,653) (1,929) (283)
Changeindeferredpolicyacquisitioncosts,net .............................. (1,837) 545 (1,178)
Changeininsurance-relatedliabilities ..................................... 6,401 5,307 5,463
Changeintradingsecurities ........................................... (1,152) (418) 200
Changeinresidentialmortgageloansheld-for-sale,net.......................... (800) (1,946) —
Changeinmortgageservicingrights...................................... (687) (185) —
Changeinincometaxpayable.......................................... (2,614) 920 101
Changeinotherassets .............................................. (660) 5,737 582
Changeinotherliabilities ............................................. 865 163 581
Other,net ....................................................... 145 199 51
Netcashprovidedbyoperatingactivities...................................... 3,803 10,702 9,902
Cash flows from investing activities
Sales, maturities and repayments of:
Fixedmaturitysecurities.............................................. 64,428 102,250 112,062
Equitysecurities................................................... 2,545 2,707 1,738
Mortgageloans.................................................... 5,769 6,077 9,854
Realestateandrealestatejointventures................................... 43 140 664
Otherlimitedpartnershipinterests........................................ 947 593 1,121
Purchases of:
Fixedmaturitysecurities.............................................. (83,940) (86,874) (112,534)
Equitysecurities................................................... (1,986) (1,494) (2,883)
Mortgageloans.................................................... (4,692) (10,096) (14,365)
Realestateandrealestatejointventures................................... (579) (1,170) (2,228)
Otherlimitedpartnershipinterests........................................ (803) (1,643) (2,041)
Netchangeinshort-terminvestments ...................................... 5,534 (11,269) 55
Netchangeinpolicyloans.............................................. (259) (467) (190)
Netchangeinotherinvestedassets ....................................... (713) (492) (1,020)
Purchases of businesses, net of cash received of $0, $314 and $13, respectively . . . . . . . . . . — (469) (43)
Sales of businesses, net of cash disposed of $180, $0 and $763, respectively . . . . . . . . . . . . (50) (4) (694)
Disposalofsubsidiary................................................. (19) (313) —
Other,net......................................................... (160) (147) (140)
Netcashusedininvestingactivities ......................................... $(13,935) $ (2,671) $ (10,644)
See accompanying notes to the consolidated financial statements.
F-7MetLife, Inc.