AIG 2008 Annual Report Download - page 325

Condensed Consolidating Statements of Cash Flows
American
International
Group, Inc.
As Guarantor AIGLH
Other
Subsidiaries
Consolidated
AIG
(In millions)
Year Ended December 31, 2008
Net cash provided by (used in) operating activities ...... $ (1,896) $ 178 $ 2,473 $ 755
Cash flows from investing:
Funding to establish Maiden Lane III LLC .......... (5,000) — — (5,000)
Invested assets disposed ........................ 10,704 — 190,491 201,195
Invested assets acquired ........................ (4,200) — (190,311) (194,511)
Loans to subsidiaries .......................... (86,045) — 86,045 —
Other...................................... (7,617) — 53,417 45,800
Net cash provided by (used in) investing activities ...... (92,158) — 139,642 47,484
Cash flows from financing activities:
Federal Reserve Bank of New York credit facility
borrowings................................ 96,650 — — 96,650
Repayment of Federal Reserve Bank of New York
credit facility borrowings ..................... (59,850) — — (59,850)
Issuance of long-term debt ...................... 21,142 1 92,358 113,501
Repayments of long-term debt ................... (5,143) — (133,808) (138,951)
Proceeds from common stock issued .............. 7,343 — — 7,343
Proceeds from issuance of Series D preferred stock and
common stock warrant ....................... 40,000 — — 40,000
Payments advanced to purchase shares ............. (1,000) — — (1,000)
Cash dividends paid to shareholders ............... (1,628) — — (1,628)
Other...................................... (3,441) (180) (94,363) (97,984)
Net cash provided by (used in) financing activities ...... 94,073 (179) (135,813) (41,919)
Effect of exchange rate changes on cash ............. — — 38 38
Change in cash ................................ 19 (1) 6,340 6,358
Cash at beginning of year ........................ 84 1 2,199 2,284
Cash at end of year ............................. $ 103 $ — $ 8,539 $ 8,642
AIG 2008 Form 10-K 319
American International Group, Inc., and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)