AIG 2010 Annual Report Download - page 385

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) SAFG, Inc. Eliminations AIG
Year Ended December 31, 2010
Net cash (used in) provided by operating activities – continuing operations $ (1,942) $ (141) $ 11,786 $ 9,703
Net cash (used in) provided by operating activities – discontinued operations - - 7,207 7,207
Net cash (used in) provided by operating activities (1,942) (141) 18,993 16,910
Cash flows from investing activities:
Sales of investments 3,997 - 89,091 93,088
Sales of divested businesses, net 278 - 21,482 21,760
Purchase of investments (55) - (93,056) (93,111)
Loans to subsidiaries – net 5,703 - (5,703) -
Contributions to subsidiaries – net (2,574) - 2,574 -
Other, net (4,774) - (27,906) (32,680)
Net cash (used in) provided by investing activities – continuing operations 2,575 - (13,518) (10,943)
Net cash (used in) provided by investing activities – discontinued operations - - 718 718
Net cash (used in) provided by investing activities 2,575 - (12,800) (10,225)
Cash flows from financing activities:
Federal Reserve Bank of New York credit facility borrowings 19,900 - - 19,900
Federal Reserve Bank of New York credit facility repayments (19,110) - (4,068) (23,178)
Issuance of other long-term debt 1,996 - 11,050 13,046
Repayments on other long-term debt (3,681) (500) (11,795) (15,976)
Drawdown on the Department of the Treasury Commitment 2,199 - - 2,199
Intercompany loans – net (1,777) 639 1,138 -
Other, net (168) - (1,368) (1,536)
Net cash (used in) provided by financing activities – continuing operations (641) 139 (5,043) (5,545)
Net cash (used in) provided by financing activities – discontinued operations - - (3,716) (3,716)
Net cash (used in) provided by financing activities (641) 139 (8,759) (9,261)
Effect of exchange rate changes on cash - - 39 39
Change in cash (8) (2) (2,527) (2,537)
Cash at beginning of period 57 2 4,341 4,400
Reclassification to assets held for sale - - (305) (305)
Cash at end of period $ 49 $ - $ 1,509 $ 1,558
AIG 2010 Form 10-K 369