AIG 2010 Annual Report Download - page 220

American International Group, Inc., and Subsidiaries
Consolidated Statement of Cash Flows
Years Ended December 31,
(in millions) 2010 2009 2008
Summary:
Net cash provided by (used in) operating activities $ 16,910 $ 18,584 $ (122)
Net cash provided by (used in) investing activities (10,225) 5,778 47,176
Net cash used in financing activities (9,261) (28,997) (40,734)
Effect of exchange rate changes on cash 39 533 38
Change in cash (2,537) (4,102) 6,358
Cash at beginning of period 4,400 8,642 2,284
Reclassification of assets held for sale (305) (140) -
Cash at end of period 1,558 4,400 8,642
Cash flows from operating activities:
Net income (loss) $ 10,013 $(12,313) $(100,387)
(Income) loss from discontinued operations 2,064 (505) 7,041
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating
activities:
Noncash revenues, expenses, gains and losses included in income (loss):
Net (gains) losses on sales of securities available for sale and other assets (2,842) (1,305) 5,020
Net (gains) losses on sales of divested businesses (17,767) 1,271 -
Unrealized (gains) losses in earnings – net (1,361) (4,249) 3,435
Equity in (income) loss from equity method investments, net of dividends or
distributions (1,268) 1,633 7,407
Depreciation and other amortization 11,320 12,074 12,875
Provision for mortgage, other loans and finance receivables 429 1,011 368
Impairments of assets 5,372 9,260 46,158
Amortization of costs and accrued interest and fees related to FRBNY Credit Facility 4,223 10,175 11,163
Changes in operating assets and liabilities:
General and life insurance reserves 8,705 5,991 8,098
Premiums and other receivables and payables – net 595 2,282 (5,885)
Reinsurance assets and funds held under reinsurance treaties (3,510) (246) (718)
Capitalization of deferred policy acquisition costs (9,321) (8,938) (11,030)
Other policyholder funds 572 689 400
Current and deferred income taxes – net 4,856 (2,397) (9,815)
Trading securities 354 993 2,816
Securities sold under agreements to repurchase, net of securities purchased under
agreements to resell (281) (18) 13,951
Securities and spot commodities sold but not yet purchased (545) (1,663) (2,027)
Other, net (1,905) (1,462) (959)
Total adjustments (2,374) 25,101 81,257
Net cash provided by (used in) operating activities – continuing operations 9,703 12,283 (12,089)
Net cash provided by operating activities – discontinued operations 7,207 6,301 11,967
Net cash provided by (used in) operating activities $ 16,910 $ 18,584 $ (122)
See Accompanying Notes to Consolidated Financial Statements.
204 AIG 2010 Form 10-K