AIG 2007 Annual Report Download - page 189

American International Group, Inc. and Subsidiaries
Consolidated Statement of Cash Flows Continued
Years Ended December 31,
(in millions) 2007 2006 2005
Cash flows from investing activities:
Proceeds from (payments for)
Sales and maturities of fixed maturity securities available for sale and hybrid investments $ 132,320 $ 112,894 $ 140,076
Sales of equity securities available for sale 9,616 12,475 11,661
Proceeds from fixed maturity securities held to maturity 295 205 46
Sales of flight equipment 303 697 573
Sales or distributions of other invested assets 14,109 14,084 14,899
Payments received on mortgage and other loans receivable 9,062 5,165 3,679
Principal payments received on finance receivables held for investment 12,553 12,586 12,461
Purchases of fixed maturity securities available for sale and hybrid investments (139,184) (146,465) (175,657)
Purchases of equity securities available for sale (10,933) (14,482) (13,273)
Purchases of fixed maturity securities held to maturity (266) (197) (3,333)
Purchases of flight equipment (4,772) (6,009) (6,193)
Purchases of other invested assets (25,327) (16,040) (15,059)
Acquisitions, net of cash acquired (1,361) ——
Mortgage and other loans receivable issued (12,439) (7,438) (5,310)
Finance receivables held for investment — originations and purchases (15,271) (13,830) (17,276)
Change in securities lending invested collateral (12,303) (9,835) (10,301)
Net additions to real estate, fixed assets, and other assets (870) (1,097) (941)
Net change in short-term investments (23,484) (10,620) 1,801
Net change in non-AIGFP derivative assets and liabilities (55) (45) 688
Net cash used in investing activities $ (68,007) $ (67,952) $ (61,459)
Cash flows from financing activities:
Proceeds from (payments for)
Policyholders’ contract deposits $ 64,829 57,197 51,699
Policyholders’ contract withdrawals (58,675) (43,413) (36,339)
Change in other deposits (182) 1,269 (957)
Change in commercial paper and extendible commercial notes (338) 2,960 (702)
Long-term borrowings issued 103,210 71,028 67,061
Repayments on long-term borrowings (79,738) (36,489) (51,402)
Change in securities lending payable 11,757 9,789 10,437
Redemption of subsidiary company preferred stock —— (100)
Issuance of treasury stock 206 163 82
Payments advanced to purchase treasur y stock (6,000) ——
Cash dividends paid to shareholders (1,881) (1,638) (1,421)
Acquisition of treasury stock (16) (20) (176)
Other, net 308 398 (85)
Net cash provided by financing activities $ 33,480 $ 61,244 $ 38,097
Supplementary disclosure of cash flow information:
Cash paid during the period for:
Interest $ 8,818 $ 6,539 $ 4,883
Taxes $ 5,163 $ 4,693 $ 2,593
Non-cash financing activities:
Interest credited to policyholder accounts included in financing activities $ 11,628 $ 10,746 $ 9,782
Treasury stock acquired using payments advanced to purchase shares $ 5,088 $—$—
Non-cash investing activities:
Debt assumed on acquisitions and warehoused investments $ 791 $—$—
See accompanying Notes to Consolidated Financial Statements.
AIG 2007 Form 10-K 135