AIG 2015 Annual Report Download - page 361

361
Condensed Financial Information of Re
g
istrant
(
Continued
)
Statements of Cash Flows — Parent Com
p
an
y
Onl
y
Schedule II
Years Ended December 31,
(in millions) 2015 2014 2013
Net cash provided by operating activities $4,443 $ 9,316 $ 6,422
Cash flows from investing activities:
Sales and maturities of investments 7,609 2,996 1,074
Purchase of investments (1,881) (1,051) (5,506)
Net change in restricted cash - (501) 493
Net change in short-term investments 2,300 5,792 2,361
Contributions to subsidiaries - net 565 (148) (2,081)
Payments received on mortgages and other loan receivables 158 40 351
Loans to subsidiaries - net (83) 446 3,660
Other, net (175) (141) 130
Net cash provided by investing activities 8,493 7,433 482
Cash flows from financing activities:
Issuance of long-term debt 5,540 3,247 2,015
Repayment of long-term debt (6,504) (14,468) (7,439)
Cash dividends paid (1,028) (712) (294)
Loans from subsidiaries - net (201) 110 (123)
Purchase of Common Stock (10,691) (4,902) (597)
Other, net (44) (28) (517)
Net cash used in financing activities (12,928) (16,753) (6,955)
Change in cash 8 (4) (51)
Cash at beginning of year 26 30 81
Cash at end of year $34 $ 26 $ 30
Supplementary disclosure of cash flow information:
Years Ended December 31,
(in millions) 2015
2014 2013
Cash (paid) received during the period for:
Interest:
Third party $ (1,030) $ (1,624)$ (1,963)
Intercompany - 5 (12)
Taxes:
Income tax authorities (11)
(18) (161)
Intercompany 829 1,172 288
Intercompany non-cash financing and investing activities:
Capital contributions to subsidiaries through forgiveness of loans - - 341
Other capital contributions - net 494 2,457 523
Return of capital* - 4,836 -
Dividends received in the form of securities 2,326 3,088 -
See Accompanying Notes to Condensed Financial Information of Registrant.
* Includes $4.8 billion return of capital from AIG Capital Corporation related to the sale of ILFC.