AIG 2014 Annual Report Download - page 340

ITEM 8 / NOTE 26. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
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323
Condensed Consolidating Statements of Income (Loss)
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) AIGLH Subsidiaries Eliminations AIG
Year Ended December 31, 2014
Revenues:
Equity in earnings of consolidated subsidiaries* $9,450 $3,519 $ - $ (12,969) $ -
Other income 1,658 -63,157 (409) 64,406
Total revenues 11,108 3,519 63,157 (13,378) 64,406
Expenses:
Interest expense 1,507 100 243 (132) 1,718
Loss on extinguishment of debt 2,248 -85 (51) 2,282
Other expenses 1,546 203 48,315 (159) 49,905
Total expenses 5,301 303 48,643 (342) 53,905
Income (loss) from continuing operations before income tax
expense (benefit) 5,807 3,216 14,514 (13,036) 10,501
Income tax expense (benefit) (1,735) (103) 4,817 (52) 2,927
Income (loss) from continuing operations 7,542 3,319 9,697 (12,984) 7,574
Loss from discontinued operations, net of income taxes (13) -(37) -(50)
Net income (loss) 7,529 3,319 9,660 (12,984) 7,524
Less:
Net loss from continuing operations attributable to
noncontrolling interests - - (5) -(5)
Net income (loss) attributable to AIG $7,529 $3,319 $9,665 $ (12,984) $7,529
Year Ended December 31, 2013
Revenues:
Equity in earnings of consolidated subsidiaries* $7,638 $4,075 $ - $ (11,713) $ -
Other income 1,487 167,698 (312) 68,874
Total revenues 9,125 4,076 67,698 (12,025) 68,874
Expenses:
Interest expense 1,938 126 233 (155) 2,142
Loss on extinguishment of debt 580 -71 -651
Other expenses 1,520 75 55,277 (159) 56,713
Total expenses 4,038 201 55,581 (314) 59,506
Income (loss) from continuing operations before income tax
expense (benefit) 5,087 3,875 12,117 (11,711) 9,368
Income tax expense (benefit) (4,012) (58) 4,454 (24) 360
Income (loss) from continuing operations 9,099 3,933 7,663 (11,687) 9,008
Income (loss) from discontinued operations, net of income taxes (14) -98 -84
Net income (loss) 9,085 3,933 7,761 (11,687) 9,092
Less:
Net income (loss) from continuing operations attributable to
noncontrolling interests: - - 7 - 7
Net income (loss) attributable to AIG $9,085 $3,933 $7,754 $ (11,687) $9,085