AIG 2010 Annual Report Download - page 383

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) SAFG, Inc. Subsidiaries Eliminations AIG
Year Ended December 31, 2009
Revenues:
Equity in undistributed net income (loss) of consolidated
subsidiaries(a) $ (3,479) $ (472) $ - $ 3,951 $ -
Dividend income from consolidated subsidiaries(a) 2,002 169 - (2,171) -
Change in fair value of ML III (1,401) - 1,820 - 419
Other revenue(b) 4,166 199 70,568 - 74,933
Total revenues 1,288 (104) 72,388 1,780 75,352
Expenses:
Accrued and compounding interest 2,022 - - (41) 1,981
Amortization of prepaid commitment asset 8,359 - - (48) 8,311
Total interest expense on FRBNY Credit Facility 10,381 - - (89) 10,292
Other interest expense 2,496 355 1,095 - 3,946
Restructuring expenses and related asset impairment and
other expenses 407 - 742 - 1,149
Other expenses 1,230 - 73,042 - 74,272
Total expenses 14,514 355 74,879 (89) 89,659
Income (loss) from continuing operations before income tax
expense (benefit) (13,226) (459) (2,491) 1,869 (14,307)
Income tax expense (benefit)(c) (2,277) 15 773 - (1,489)
Income (loss) from continuing operations (10,949) (474) (3,264) 1,869 (12,818)
Income (loss) from discontinued operations - - 594 (89) 505
Net income (loss) (10,949) (474) (2,670) 1,780 (12,313)
Less:
Net income (loss) from continuing operations attributable to
noncontrolling interests:
Noncontrolling nonvoting, callable, junior and senior
preferred interests held by Federal Reserve Bank of New
York - - 96 44 140
Other - - (1,576) - (1,576)
Total income (loss) from continuing operations attributable to
noncontrolling interests - - (1,480) 44 (1,436)
Income from discontinued operations attributable to
noncontrolling interests - - 72 - 72
Total net income (loss) attributable to noncontrolling interests - - (1,408) 44 (1,364)
Net income (loss) attributable to AIG $ (10,949) $ (474) $ (1,262) $ 1,736 $ (10,949)
AIG 2010 Form 10-K 367