AIG 2012 Annual Report Download - page 353

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26. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
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Consolidated Statements of Income (Loss)
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Total revenues $ 16,283 $ 15,547 $ 11,606 $ 16,376
Income (loss) from continuing
operations before income taxes (1,428) 1,711 (2,938) 2,771
Income (loss) from discontinued
operations, net of income taxes 2,707 41 (1,052) 94
Net income (loss) 1,501 2,053 (3,826) 21,602
Net income (loss) from continuing
operations attributable to
noncontrolling interests:
Nonvoting, callable, junior, and
senior preferred interests 252 141 145 96
Other (55) 64 19 26
Total net income from continuing
operations attributable to
noncontrolling interests 197 205 164 122
Net income (loss) from discontinued
operations attributable to
noncontrolling interests 7 12 – 1
Total net income (loss) attributable to
noncontrolling interests 204 217 164 123
Net income (loss) attributable to AIG $ 1,297 $ 1,836 $ (3,990) $ 21,479
Earnings (loss) per common share
attributable to AIG common
shareholders:
Basic and diluted:
Income (loss) from continuing
operations $ (1.42) $ 0.98 $ (1.55) $ 11.26
Income (loss) from discontinued
operations $ 1.73 $ 0.02 $ (0.55) $ 0.05
Weighted average shares
outstanding:
Basic 1,557,748,353 1,836,713,069 1,899,500,628 1,898,734,116
Diluted 1,557,863,729 1,836,771,513 1,899,500,628 1,898,845,071
Noteworthy quarterly items – income
(expense):
Other-than-temporary impairments (254) (181) (496) (349)
Net gain (loss) on sale of divested
businesses (72) (2) (2) 2
Adjustment to federal and foreign
deferred tax valuation allowance (604) 564 (905) 19,252
Net gain (loss) on extinguishment
of debt (3,313) (79) – 484
Change in fair value of AIA
securities 1,062 1,521 (2,315) 1,021
Change in fair value of Maiden
Lane Interests 995 (843) (974) 218
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AIG 2012 Form 10-K336
$ 17,291 $ 16,006 $ 16,505 $ 15,854
4,466 1,669 2,558 629
64 179 37 (4,332)
3,449 2,339 1,861 (3,949)
208 – – –
33759
241 7 5 9
––––
241 7 5 9
$ 3,208 $ 2,332 $ 1,856 $ (3,958)
$ 1.68 $ 1.23 $ 1.11 $ 0.25
$ 0.03 $ 0.10 $ 0.02 $ (2.93)
1,875,972,970 1,756,689,067 1,642,472,814 1,476,457,586
1,876,002,775 1,756,714,475 1,642,502,251 1,476,457,586
(618) (216) (114) (219)
–––(2)
347 1,239 205 116
(21) (11) – 41
1,795 (493) 527 240
1,498 1,306 330 –
Three Months Ended
March 31, June 30, September 30, December 31,
(dollars in millions,
except per share data) 2012 2011 2012 2011 2012 2011 2012 2011
ITEM 8 / NOTE 26. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)