AIG 2010 Annual Report Download - page 389

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SAFG, Inc. supplementary disclosure of non-cash activities:
Year Ended December 31,
(in millions) 2010 2009 2008
Intercompany non-cash financing/investing activities:
Loans receivable forgiven through capital contributions $-$ - $17,225
Other capital contributions in the form of forgiveness of payables and contribution of assets –
net $-$ - $ 1,394
26. Subsequent Events
Recapitalization
The following table presents the Consolidated Balance Sheet line items at December 31, 2010 and the expected
impact as a result of the January 14, 2011 Recapitalization, described in Note 1 herein, as if it had occurred on
December 31, 2010 (Unaudited):
Pro Forma Effect of Recapitalization
Repurchase Exchange
Repayment and and Exchange of Preferred
Termination of SPV Stock for
December 31, of FRBNY Preferred Common
($ in millions) 2010 Credit Facility Interests Stock Pro Forma
Cash $ 1,558 $ - $ (155) $ - $ 1,403
Other assets 40,342 (24,613) (5,911) - 9,818
Other liabilities (19,353) 300 - - (19,053)
Federal Reserve Bank of New York credit (20,985) 20,985 - - -
facility
Redeemable noncontrolling nonvoting, - - (20,292) - (20,292)
callable, junior preferred interests held
by Department of Treasury
AIG shareholders’ equity:
Preferred stock
Series E preferred stock (41,605) - - 41,605 -
Series F preferred stock (7,378) - (20,292) 7,378 -
20,292
Series C preferred stock (23,000) - - 23,000 -
Series G preferred stock; 20,000 - - - - -
shares issued; liquidation value $0
Common stock (368) - - (4,138) (4,506)
Additional paid-in capital (9,683) - - (67,845) (77,528)
Accumulated deficit 3,466 3,328 - - 6,794
Noncontrolling nonvoting, callable, junior (26,358) - 26,358 - -
and senior preferred interests held by
Federal Reserve Bank of New York
Shares outstanding 140,463,159 1,655,037,962 1,795,501,121
AIG 2010 Form 10-K 373