AIG 2012 Annual Report Download - page 359

.....................................................................................................................................................................................
(in millions)
Cash flows from financing activities:
FRBNY credit facility repayments (14,622) – – (14,622)
Issuance of long-term debt 2,135 – 1,055 3,190
Repayments of long-term debt (6,181) – (3,305) (9,486)
Proceeds from drawdown on the Department of the Treasury
Commitment*20,292 – – 20,292
Issuance of common stock 5,055 – – 5,055
Intercompany loans – net 11,519 (1,262) (10,257) –
Purchase of common stock (70) – – (70)
Other, net*(164) – (35,325) (35,489)
Net cash (used in) provided by financing activities – continuing
operations 17,964 (1,262) (47,832) (31,130)
Net cash (used in) financing activities – discontinued operations – – (5,796) (5,796)
Net cash (used in) provided by financing activities 17,964 (1,262) (53,628) (36,926)
Effect of exchange rate changes on cash – – 29 29
Change in cash 127 13 (670) (530)
Cash at beginning of period 49 – 1,509 1,558
Change in cash of businesses held for sale – – 446 446
Cash at end of period $ 176 $ 13 $ 1,285 $ 1,474
Year Ended December 31, 2010
Net cash (used in) provided by operating activities – continuing
operations $ (1,942) $ (141) $ 8,244 $ 6,161
Net cash provided by operating activities – discontinued operations – – 10,436 10,436
Net cash (used in) provided by operating activities (1,942) (141) 18,680 16,597
Cash flows from investing activities:
Sales of investments 3,997 – 86,869 90,866
Sales of divested businesses, net 278 – 21,482 21,760
Purchase of investments (55) – (92,780) (92,835)
Loans to subsidiaries – net 5,703 – (5,703) –
Contributions to subsidiaries – net*(2,574) – 2,574 –
Net change in restricted cash (183) – (26,843) (27,026)
Net change in short-term investments (4,291) – 1,845 (2,446)
Other, net*(300) – 133 (167)
Net cash (used in) provided by investing activities – continuing
operations 2,575 – (12,423) (9,848)
Net cash (used in) investing activities – discontinued operations – – (64) (64)
Net cash (used in) provided by investing activities 2,575 – (12,487) (9,912)
Cash flows from financing activities:
FRBNY credit facility repayments (19,110) – (4,068) (23,178)
FRBNY credit facility borrowings 19,900 – – 19,900
Issuance of long-term debt 1,996 – 1,346 3,342
Repayments of long-term debt (3,681) (500) (3,805) (7,986)
Proceeds from drawdown on the Department of the Treasury
Commitment*2,199 – – 2,199
Intercompany loans – net (1,777) 639 1,138 –
Other, net*(168) – (1,126) (1,294)
Net cash (used in) provided by financing activities – continuing
operations (641) 139 (6,515) (7,017)
Net cash (used in) financing activities – discontinued operations – – (2,244) (2,244)
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
Change in cash of businesses held for sale – – (305) (305)
Cash at end of period $ 49 $ – $ 1,509 $ 1,558
* Includes activities related to the Recapitalization. See Note 17 herein.
..................................................................................................................................................................................................................................
AIG 2012 Form 10-K342
American Other
International Subsidiaries
Group, Inc. and Consolidated
(As Guarantor) SAFG, Inc. Eliminations AIG
ITEM 8 / NOTE 27. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT