AIG 2012 Annual Report Download - page 376

Condensed Financial Information of Registrant (Continued)
Statement of Income (Loss) – Parent Company Only
Schedule II
Revenues:
Equity in earnings of consolidated subsidiaries*$ 6,260 $ 21,385
Interest income 596 3,249
Change in fair value of ML III (723) –
Net realized capital gains (losses) 213 (209)
Other income 279 6
Expenses:
Accrued and compounding interest (24) (636)
Amortization of prepaid commitment asset (48) (3,471)
Total interest expense on FRBNY Credit Facility (72) (4,107)
Other interest expense (2,845) (2,279)
Restructuring expense and related asset impairment and other expenses (36) (451)
Net loss on extinguishment of debt (2,847) (104)
Other expenses (831) (1,213)
Income (loss) from continuing operations before income tax expense (benefit) (6) 16,277
Income tax expense (benefit) (19,695) 5,402
Net income 19,689 10,875
Income (loss) from discontinued operations 933 (817)
Net income attributable to AIG Parent Company $ 20,622 $ 10,058
* Eliminated in consolidation.
See Accompanying Notes to Condensed Financial Information of Registrant, which include a summary of revisions to prior year balances in
connection with a change in accounting principle.
..................................................................................................................................................................................................................................
AIG 2012 Form 10-K 359
Years Ended December 31,
(in millions) 2012 2011 2010
$ 1,970
358
2,287
747
806
–
–
–
(2,257)
(47)
(9)
(1,555)
2,300
(1,137)
3,437
1
$ 3,438