AIG 2008 Annual Report Download - page 234

AIG’s Financial Services operations by major internal reporting unit were as follows:
Aircraft
Leasing
Capital
Markets
Consumer
Finance Other
Total
Reportable
Segment
Consolidation
and
Elimination
Total
Financial
Services
Financial Services
(In millions)
2008
Total revenues ...... $ 5,075 $ (40,333) $ 3,849 $ 323 $ (31,086) $ (9) $ (31,095)
Interest expense ..... 1,557 — 1,567 276 3,400 (35) 3,365
Operating income* . . . 1,116 (40,471) (1,261) (205) (40,821) — (40,821)
Depreciation
expense.......... 1,879 20 48 29 1,976 — 1,976
Capital expenditures . . 3,231 5 85 180 3,501 — 3,501
Year-end identifiable
assets ........... $47,426 $ 77,846 $34,525 $ (2,354) $157,443 $ 9,618 $167,061
2007
Total revenues ...... $ 4,694 $ (9,979) $ 3,655 $ 1,471 $ (159) $ (1,150) $ (1,309)
Interest expense ..... 1,650 4,644 1,437 63 7,794 — 7,794
Operating income
(loss) ........... 873 (10,557) 171 (2) (9,515) — (9,515)
Depreciation
expense.......... 1,751 24 41 15 1,831 — 1,831
Capital expenditures . . 4,164 21 62 322 4,569 — 4,569
Year-end identifiable
assets ........... $44,970 $105,568 $36,822 $17,357 $204,717 $(10,742) $193,975
2006
Total revenues ...... $ 4,082 $ (186) $ 3,587 $ 320 $ 7,803 $ (26) $ 7,777
Interest expense ..... 1,442 3,215 1,303 108 6,068 (63) 6,005
Operating income
(loss) ........... 578 (873) 668 10 383 — 383
Depreciation
expense.......... 1,584 19 41 11 1,655 — 1,655
Capital expenditures . . 6,012 15 52 199 6,278 — 6,278
Year-end identifiable
assets ........... $41,975 $121,243 $32,702 $12,368 $208,288 $ (5,803) $202,485
* Includes $1.4 billion of intercompany interest expense and $803 million of increase to fair value which are
eliminated in AIG’s consolidation.
228 AIG 2008 Form 10-K
American International Group, Inc., and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)