AIG 2006 Annual Report Download - page 157

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American International Group, Inc. and Subsidiaries
Consolidated Statement of Cash Flows Continued
Years Ended December 31,
(in millions) 2006 2005 2004
Cash flows from investing activities:
Proceeds from (payments for)
Sales and maturities of fixed maturity securities available for sale $ 112,899 $ 140,076 $ 115,625
Sales of equity securities available for sale 12,475 11,661 12,246
Proceeds from fixed maturity securities held to maturity 205 46 226
Sales of flight equipment 697 573 1,219
Sales or distributions of other invested assets 14,087 14,899 8,361
Payments received on mortgage, policy, collateral and guaranteed loans 5,165 3,679 1,928
Principal payments received on finance receivables held for investment 12,586 12,461 10,780
Purchases of fixed maturity securities available for sale (146,465) (175,657) (159,229)
Purchases of equity securities available for sale (14,482) (13,273) (13,361)
Purchases of fixed maturity securities held to maturity (197) (3,333) (10,512)
Purchases of flight equipment (6,009) (6,193) (4,860)
Purchases of other invested assets (16,040) (15,059) (11,764)
Mortgage, policy, collateral and guaranteed loans issued (7,438) (5,310) (2,180)
Finance receivables held for investment — originations and purchases (13,830) (17,276) (16,416)
Change in securities lending collateral (9,835) (10,301) (19,777)
Net additions to real estate, fixed assets, and other assets (1,097) (941) (643)
Net change in short-term investments (9,716) 760 (2,542)
Net change in non-AIGFP derivative assets and liabilities (45) 688 (1,697)
Net cash used in investing activities $ (67,040) $ (62,500) $ (92,596)
Cash flows from financing activities:
Proceeds from (payments for)
Policyholders’ contract deposits $ 54,195 $ 50,229 $ 54,550
Policyholders’ contract withdrawals (41,866) (35,797) (24,497)
Change in other deposits 1,269 (957) 2,519
Change in commercial paper 2,952 (476) 3,738
Notes, bonds, loans and mortgages payable, and hybrid financial instrument liabilities
issued 58,763 53,624 31,488
Repayments on notes, bonds, loans and mortgages payable, and hybrid financial
instrument liabilities (24,047) (40,767) (24,638)
Issuance of guaranteed investment agreements 12,265 13,437 11,469
Maturities of guaranteed investment agreements (12,433) (10,861) (8,314)
Change in securities lending payable 9,789 10,437 19,777
Redemption of subsidiary company preferred stock —(100) (200)
Issuance of treasury stock 163 82 158
Cash dividends paid to shareholders (1,638) (1,421) (730)
Acquisition of treasury stock (20) (176) (1,083)
Other, net 398 (85) (20)
Net cash provided by financing activities $ 59,790 $ 37,169 $ 64,217
Supplementary disclosure of cash flow information:
Cash paid during the period for:
Interest $ 6,539 $ 4,883 $ 4,281
Taxes $ 4,693 $ 2,593 $ 3,060
Non-cash activities:
Interest credited to policyholder accounts included in financing activities $ 10,746 $ 9,782 $ 6,859
See accompanying Notes to Consolidated Financial Statements.
Form 10-K 2006 AIG 107