AIG 2009 Annual Report Download - page 350

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Condensed Consolidating Statement of Cash Flows
American Other
International Subsidiaries
Group, Inc. and Consolidated
(in millions) (As Guarantor) AIGLH Eliminations AIG
Year Ended December 31, 2009
Net cash (used in) provided by operating activities – continuing operations $ (1,393) $ (120) $ 16,824 $ 15,311
Net cash (used in) provided by operating activities – discontinued operations - - 3,273 3,273
Net cash (used in) provided by operating activities (1,393) (120) 20,097 18,584
Cash flows from investing activities:
Sales of investments 1,981 - 113,684 115,665
Sales of divested businesses, net 857 169 4,252 5,278
Purchase of investments (400) - (109,432) (109,832)
Loans to subsidiaries – net (5,927) - 5,927 -
Other, net* (5,136) (2,350) 4,715 (2,771)
Net cash (used in) provided by investing activities – continuing operations (8,625) (2,181) 19,146 8,340
Net cash (used in) provided by investing activities – discontinued operations - - (2,562) (2,562)
Net cash (used in) provided by investing activities (8,625) (2,181) 16,584 5,778
Cash flows from financing activities:
Federal Reserve Bank of New York credit facility borrowings 32,526 - - 32,526
Federal Reserve Bank of New York credit facility repayments (26,400) - (26) (26,426)
Issuance of other long-term debt - - 4,544 4,544
Repayments on other long-term debt (2,931) - (20,981) (23,912)
Drawdown on the Department of the Treasury Commitment 5,344 - - 5,344
Intercompany loans – net 1,554 1,103 (2,657) -
Other, net (121) 1,200 (22,322) (21,243)
Net cash (used in) provided by financing activities – continuing operations 9,972 2,303 (41,442) (29,167)
Net cash (used in) provided by financing activities – discontinued operations - - 170 170
Net cash (used in) provided by financing activities 9,972 2,303 (41,272) (28,997)
Effect of exchange rate changes on cash - - 533 533
Change in cash (46) 2 (4,058) (4,102)
Cash at beginning of year 103 - 8,539 8,642
Reclassification to assets held for sale - - (140) (140)
Cash at end of year $ 57 $ 2 $ 4,341 $ 4,400
Year Ended December 31, 2008
Net cash (used in) provided by operating activities – continuing operations $ 284 $ (27) $ (3,297) $ (3,040)
Net cash (used in) provided by operating activities – discontinued operations - - 2,918 2,918
Net cash (used in) provided by operating activities 284 (27) (379) (122)
Cash flows from investing activities:
Sales of investments 1,017 - 193,244 194,261
Funding to establish Maiden Lane III LLC (5,000) - - (5,000)
Purchase of investments (4,200) - (181,579) (185,779)
Loans to subsidiaries – net (76,358) - 76,358 -
Other, net* (9,797) (16) 58,005 48,192
Net cash (used in) provided by investing activities – continuing operations (94,338) (16) 146,028 51,674
Net cash (used in) provided by investing activities – discontinued operations - - (4,498) (4,498)
Net cash (used in) provided by investing activities (94,338) (16) 141,530 47,176
AIG 2009 Form 10-K 342