AIG 2012 Annual Report Download - page 355

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Condensed Consolidating Statement of Income (Loss)
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Year Ended December 31, 2012
Revenues:
Equity in earnings of consolidated subsidiaries(a)
Change in fair value of ML III
Other income(b)
Total revenues
Expenses:
Other interest expense(c)
Net loss on extinguishment of debt
Other expenses
Total expenses
Income (loss) from continuing operations before income tax
expense (benefit)
Income tax expense (benefit)
Income (loss) from continuing operations
Income (loss) from discontinued operations
Net income (loss)
Less:
Net income from continuing operations attributable to
noncontrolling interests:
Nonvoting, callable, junior and senior preferred interests
Other
Total net income attributable to noncontrolling interests
Net income (loss) attributable to AIG
Year Ended December 31, 2011
Revenues:
Equity in earnings of consolidated subsidiaries(a)(d) $ 6,260 $ 1,586 $ – $ (7,846) $ –
Change in fair value of ML III (723) – 77 – (646)
Other income(b)(d) 1,088 189 60,370 (1,189) 60,458
Total revenues 6,625 1,775 60,447 (9,035) 59,812
Expenses:
Interest expense on FRBNY Credit Facility 72 – – (2) 70
Other interest expense(c) 2,845 281 437 (1,189) 2,374
Net loss on extinguishment of debt 2,847 – – – 2,847
Other expenses 867 – 53,538 – 54,405
Total expenses 6,631 281 53,975 (1,191) 59,696
Income (loss) from continuing operations before income tax
expense (benefit) (6) 1,494 6,472 (7,844) 116
Income tax expense (benefit) (19,695) (103) 374 – (19,424)
Income (loss) from continuing operations 19,689 1,597 6,098 (7,844) 19,540
Income (loss) from discontinued operations 933 – 859 (2) 1,790
Net income (loss) 20,622 1,597 6,957 (7,846) 21,330
Less:
Net income from continuing operations attributable to
noncontrolling interests:
Nonvoting, callable, junior and senior preferred interests – – – 634 634
Other – – 54 – 54
Total income from continuing operations attributable to
noncontrolling interests – – 54 634 688
Income from discontinued operations attributable to
noncontrolling interests – – 20 – 20
Total net income attributable to noncontrolling interests – – 74 634 708
Net income (loss) attributable to AIG $ 20,622 $ 1,597 $ 6,883 $ (8,480) $ 20,622
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AIG 2012 Form 10-K338
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) SAFG, Inc. Subsidiaries Eliminations AIG
$ 1,970 $ 2,315 $ – $ (4,285) $ –
2,287 – 601 – 2,888
1,911 49 61,191 (383) 62,768
6,168 2,364 61,792 (4,668) 65,656
2,257 174 271 (383) 2,319
9–– – 9
1,602 – 52,404 – 54,006
3,868 174 52,675 (383) 56,334
2,300 2,190 9,117 (4,285) 9,322
(1,137) (17) 2,724 – 1,570
3,437 2,207 6,393 (4,285) 7,752
1 – (4,053) – (4,052)
3,438 2,207 2,340 (4,285) 3,700
– – – 208 208
– – 54 – 54
– – 54 208 262
$ 3,438 $ 2,207 $ 2,286 $ (4,493) $ 3,438
ITEM 8 / NOTE 27. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT