AIG 2009 Annual Report Download - page 208

American International Group, Inc., and Subsidiaries
Consolidated Statement of Cash Flows (Continued)
Years Ended December 31,
(in millions) 2009 2008 2007
Cash flows from investing activities:
Proceeds from (payments for)
Sales of available for sale investments $ 48,968 $ 110,427 $ 92,420
Maturities of fixed maturity securities available for sale and hybrid investments 20,934 18,502 44,491
Sales of trading securities 15,697 28,786 -
Sales or distributions of other invested assets (including flight equipment) 12,459 18,250 14,412
Sales of divested businesses, net 5,278 --
Principal payments received on mortgage and other loans receivable 5,691 6,014 8,211
Principal payments received on and sales of finance receivables held for investment 11,916 12,282 12,553
Funding to establish Maiden Lane III LLC -(5,000) -
Purchases of available for sale investments (81,616) (118,813) (142,197)
Purchases of trading securities (7,298) (25,498) -
Purchases of other invested assets (including flight equipment) (11,597) (22,791) (30,294)
Mortgage and other loans receivable issued (3,750) (5,154) (11,348)
Finance receivables held for investment – originations and purchases (5,571) (13,523) (15,266)
Change in securities lending invested collateral 3,838 51,565 (12,303)
Net additions to real estate, fixed assets, and other assets (504) (1,258) (850)
Net change in short-term investments (6,167) (407) (23,112)
Net change in non-AIGFP derivative assets and liabilities (150) (1,438) 217
Other, net 212 (270) 280
Net cash provided by (used in) investing activities – continuing operations 8,340 51,674 (62,786)
Net cash provided by (used in) investing activities – discontinued operations (2,562) (4,498) (4,455)
Net cash provided by (used in) investing activities $ 5,778 $ 47,176 $ (67,241)
Cash flows from financing activities:
Proceeds from (payments for)
Policyholder contract deposits $ 34,324 $ 47,004 $ 63,848
Policyholder contract withdrawals (42,464) (69,265) (58,612)
Change in other deposits 652 (557) (355)
Change in commercial paper and other short-term debt (613) (12,525) (338)
Change in Federal Reserve Bank of New York Commercial Paper Funding Facility borrowings (10,647) 15,061 -
Federal Reserve Bank of New York credit facility borrowings 32,526 96,650 -
Federal Reserve Bank of New York credit facility repayments (26,426) (59,850) -
Issuance of other long-term debt 4,544 113,501 103,210
Repayments on other long-term debt (23,912) (138,951) (79,738)
Change in securities lending payable (2,670) (76,916) 11,757
Proceeds from issuance of Series D preferred stock -40,000 -
Drawdown on the Department of the Treasury Commitment 5,344 --
Issuance of common stock -7,343 -
Payments advanced to purchase shares -(1,000) (6,000)
Cash dividends paid to shareholders -(1,628) (1,881)
Other, net 175 557 2,261
Net cash provided by (used in) financing activities – continuing operations (29,167) (40,576) 34,152
Net cash provided by (used in) financing activities – discontinued operations 170 (158) 941
Net cash provided by (used in) financing activities $(28,997) $ (40,734) $ 35,093
Supplementary disclosure of cash flow information:
Cash (paid) received during the period for:
Interest $ (5,777) $ (7,437) $ (8,818)
Taxes $ (226) $ (617) $ (5,163)
Non-cash financing/investing activities:
Settlement of FRBNY Credit Facility in exchange for issuing Noncontrolling nonvoting callable, junior
and senior preferred interests held by Federal Reserve Bank of New York $ 25,000 $-$-
Consideration received for preferred stock not yet issued $-$ 23,000 $ -
Interest credited to policyholder accounts included in financing activities $ 12,615 $ 2,566 $ 11,628
Treasury stock acquired using payments advanced to purchase shares $-$ 1,912 $ 5,088
Present value of future contract adjustment payments related to issuance of equity units $-$ 431 $ -
Long-term debt reduction due to deconsolidations $ 1,648 $-$-
Debt assumed on acquisitions and warehoused investments $-$ 153 $ 791
See Accompanying Notes to Consolidated Financial Statements.
AIG 2009 Form 10-K 200