AIG 2007 Annual Report Download - page 253

Download and view the complete annual report

Please find page 253 of the 2007 AIG 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 276

  • 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
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276

American International Group, Inc. and Subsidiaries
23. Information Provided in Connection With Outstanding Debt
Continued
Condensed Consolidating Statement of Income
American
International AIG AIG
Group, Inc. Liquidity Program Other Consolidated
(in millions) Guarantor AIGLH Corp. Funding, Inc. Subsidiaries Eliminations AIG
Year Ended December 31, 2007
Operating income (loss) $ (2,379) $ (152) $ * $ $11,474 $ $ 8,943
Equity in undistributed net income
of consolidated subsidiaries 3,121 (27) — (3,094)
Dividend income from consolidated
subsidiaries 4,685 1,358 (6,043)
Income taxes (benefits) (773) 248 * 1,980 1,455
Minority interest — (1,288) (1,288)
Net income (loss) $ 6,200 $ 931 $ * $ $ 8,206 $ (9,137) $ 6,200
Year Ended December 31, 2006
Operating income (loss) $ (786) $ 122 $ * $ $22,351 $ $21,687
Equity in undistributed net income
of consolidated subsidiaries 13,308 1,263 (14,571)
Dividend income from consolidated
subsidiaries 1,689 602 (2,291)
Income taxes (benefits) 197 (131) * 6,471 6,537
Minority interest (1,136) (1,136)
Cumulative effect of an accounting
change 34 — — 34
Net income (loss) $14,048 $2,118 $ * $ $14,744 $(16,862) $14,048
Year Ended December 31, 2005
Operating income (loss) $ (1,569) $ (200) $ * $ $16,982 $ $15,213
Equity in undistributed net income
of consolidated subsidiaries 10,156 2,530 (12,686)
Dividend income from consolidated
subsidiaries 1,958 — (1,958)
Income taxes (benefits) 68 (92) * 4,282 4,258
Minority interest (478) (478)
Net income (loss) $10,477 $2,422 $ * $ $12,222 $(14,644) $10,477
* Less than $1 million.
AIG 2007 Form 10-K 199