AIG 2014 Annual Report Download - page 343

ITEM 8 / NOTE 26. INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT
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326
Condensed Consolidating Statements of Cash Flows
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) AIGLH Subsidiaries* Eliminations*AIG
Year Ended December 31, 2014
Net cash (used in) provided by operating activities $9,316 $6,155 $8,979 $ (19,443) $5,007
Cash flows from investing activities:
Sales of investments 3,036 -65,108 (2,040) 66,104
Purchase of investments (1,051) -(59,099) 2,040 (58,110)
Loans to subsidiaries – net 446 -169 (615) -
Contributions to subsidiaries (148) -296 (148) -
Net change in restricted cash (501) -(946) -(1,447)
Net change in short-term investments 5,792 -2,968 -8,760
Other, net (141) -(882) -(1,023)
Net cash provided by investing activities 7,433 -7,614 (763) 14,284
Cash flows from financing activities:
Issuance of long-term debt 3,247 -3,440 -6,687
Repayments of long-term debt (14,468) (477) (1,215) -(16,160)
Purchase of Common Stock (4,902) -- -(4,902)
Intercompany loans - net 110 (280) (445) 615 -
Cash dividends paid (712) (5,358) (14,085) 19,443 (712)
Other, net (28) -(4,821) 148 (4,701)
Net cash (used in) financing activities (16,753) (6,115) (17,126) 20,206 (19,788)
Effect of exchange rate changes on cash - - (74) -(74)
Change in cash (4) 40 (607) -(571)
Cash at beginning of year 30 51 2,160 -2,241
Change in cash of businesses held for sale - - 88 -88
Cash at end of year $26 $91 $1,641 $ - $ 1,758
Year Ended December 31, 2013
Net cash (used in) provided by operating activities $ 6,422 $ 4,488 $ 7,385 $ (12,430) $ 5,865
Cash flows from investing activities:
Sales of investments 1,425 - 78,868 (3,199) 77,094
Purchase of investments (5,506) - (75,580) 3,199 (77,887)
Loans to subsidiaries – net 3,660 - 395 (4,055) -
Contributions to subsidiaries (2,081) (1) - 2,082 -
Net change in restricted cash 493 - 751 - 1,244
Net change in short-term investments 2,361 - 5,481 - 7,842
Other, net 130 - (1,324) - (1,194)
Net cash (used in) provided by investing activities 482 (1) 8,591 (1,973) 7,099
Cash flows from financing activities:
Issuance of long-term debt 2,015 - 3,220 - 5,235
Repayments of long-term debt (7,439) (245) (6,513) - (14,197)
Intercompany loans - net (123) (273) (3,659) 4,055 -
Purchase of common stock (597) - - - (597)
Cash dividends paid to shareholders (294) (3,991) (8,439) 12,430 (294)
Other, net (517) - 694 (2,082) (1,905)
Net cash (used in) provided by financing activities (6,955) (4,509) (14,697) 14,403 (11,758)
Effect of exchange rate changes on cash - - (92) - (92)
Change in cash (51) (22) 1,187 - 1,114
Cash at beginning of year 81 73 997 - 1,151
Reclassification to assets held for sale - - (24) - (24)
Cash at end of year $ 30 $ 51 $ 2,160 $ - $ 2,241