AIG 2015 Annual Report Download - page 158

ITEM 7 / LIQUIDITY AND CAPITAL RESOURCES
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Investing Cash Flow Activities
Net cash provided by investing activities in 2015 included:
• approximately $1.8 billion of cash collateral received in connection with our Life Insurance Companies’ securities lending
program; and
• approximately $4.2 billion of net cash proceeds from the sale of ordinary shares of AerCap.
Net cash provided by investing activities in 2014 included:
• a reduction in net investment purchase activity; and
• approximately $2.4 billion of net cash proceeds from the sale of ILFC.
Net cash provided by investing activities for 2013 included an increase in net investment purchase activity.
Financing Cash Flow Activities
Net cash used in financing activities in 2015 included:
• approximately $1.0 billion in the aggregate to pay a dividend of $0.125 per share on AIG Common Stock in each of the first
and second quarters of 2015 and $0.28 per share on AIG Common Stock in each of the third and fourth quarters of 2015;
• approximately $10.7 billion to repurchase approximately 182 million shares of AIG Common Stock; and
• approximately $9.9 billion to repay long-term debt.
These items were partially offset by approximately $6.9 billion in proceeds from the issuance of long-term debt.
Net cash used in financing activities for 2014 included:
• approximately $712 million in the aggregate to pay dividends of $0.125 per share on AIG Common Stock in each of the four
quarters of 2014;
• approximately $4.9 billion to repurchase approximately 88 million shares of AIG Common Stock;
• approximately $271 million to repay long-term debt of business held-for-sale; and
• approximately $16.2 billion to repay long-term debt.
Net cash used in financing activities for 2013 included:
• approximately $294 million in the aggregate to pay dividends of $0.10 per share on AIG Common Stock in each of the third
and fourth quarters of 2013;
• approximately $597 million to repurchase approximately 12 million shares of AIG Common Stock;
• approximately $9.3 billion to repay long term debt; and
approximately $4.9 billion in repayments of long term debt of business held-for-sale.