AIG 2013 Annual Report Download - page 350

Revenues:
Equity in earnings of consolidated subsidiaries*
Other income
Total revenues
Expenses:
Interest expense
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 of
income taxes
Net income (loss)
Less:
Total net income attributable to noncontrolling interests
Net income (loss) attributable to AIG
Revenues:
Equity in earnings of consolidated subsidiaries*$ 1,970 $ 2,315 $ – $ (4,285) $ –
Change in fair value of ML III 2,287 – 601 – 2,888
Other income 1,911 49 66,556 (383) 68,133
Total revenues 6,168 2,364 67,157 (4,668) 71,021
Expenses:
Interest expense 2,257 174 271 (383) 2,319
Loss on extinguishment of debt 9 – 23 – 32
Other expenses 1,602 – 64,177 – 65,779
Total expenses 3,868 174 64,471 (383) 68,130
Income (loss) from continuing operations before income tax
expense (benefit) 2,300 2,190 2,686 (4,285) 2,891
Income tax expense (benefit) (1,137) (17) 346 – (808)
Income (loss) from continuing operations 3,437 2,207 2,340 (4,285) 3,699
Income from discontinued operations, net of income
taxes 1– – – 1
Net income (loss) 3,438 2,207 2,340 (4,285) 3,700
Less:
Net income from continuing operations attributable to
noncontrolling interests:
Nonvoting, callable, junior and senior preferred interests – – – 208 208
Other – – 54 – 54
Total net income attributable to noncontrolling interests – – 54 208 262
Net income (loss) attributable to AIG $ 3,438 $ 2,207 $ 2,286 $ (4,493) $ 3,438
Condensed Consolidating Statements of Income (Loss)
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AIG 2013 Form 10-K332
ITEM 8 / NOTE 26. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) AIGLH Subsidiaries Eliminations AIG
Year Ended December 31, 2013
$ 7,638 $ 4,075 $ – $ (11,713) $ –
1,487 1 67,502 (312) 68,678
9,125 4,076 67,502 (12,025) 68,678
1,938 126 233 (155) 2,142
580 – 71 – 651
1,520 75 55,081 (159) 56,517
4,038 201 55,385 (314) 59,310
5,087 3,875 12,117 (11,711) 9,368
(4,012) (58) 4,454 (24) 360
9,099 3,933 7,663 (11,687) 9,008
(14) – 98 – 84
9,085 3,933 7,761 (11,687) 9,092
–– 7 – 7
$ 9,085 $ 3,933 $ 7,754 $ (11,687) $ 9,085
Year Ended December 31, 2012
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