Ameriprise 2005 Annual Report Download - page 61

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Consolidated Statements of Cash Flows (Continued)
Ameriprise Financial, Inc.
Ameriprise Financial, Inc. | 59
Years Ended December 31, 2005 2004 2003
(in millions)
Cash Flows from Financing Activities
Investment certificates:
Payments from certificate owners $ 3,244 $ 3,286 $ 2,571
Interest credited to account values 199 140 141
Certificate maturities and cash surrenders (3,628) (2,375) (2,416)
Policyholder and contractholder account values:
Consideration received 1,532 2,350 4,267
Interest credited to account values 1,111 1,128 1,243
Surrenders and death benefits (3,330) (2,716) (2,236)
Debt issuance costs (7) ––
Proceeds from issuance of debt 2,850 18 –
Principal repayments of debt (1,391) (78) –
Payable to American Express, net (1,576) 263 269
Capital transactions with American Express, net 1,256 40 566
Capital contributions to discontinued operations –(15) –
Dividends paid to American Express (53) (1,325) (334)
Dividends paid to shareholders (27) ––
Dividends received from discontinued operations 48 95 130
Customer deposits and other, net (21) 9 117
Net cash provided by financing activities 207 820 4,318
Discontinued Operations
Net cash provided by operating activities 46 229 299
Net cash used in investing activities (10) (1,093) (249)
Net cash provided by (used in) financing activities 482 898 (52)
Cash provided by (used in) discontinued operations 518 34 (2)
Effect of exchange rate changes on cash (19) 13 (1)
Net increase (decrease) in cash and cash equivalents 1,396 – (4,222)
Cash and cash equivalents at beginning of year 1,078 1,078 5,300
Cash and cash equivalents at end of year $ 2,474 $ 1,078 $ 1,078
Cash and cash equivalents of discontinued operations included above:
At beginning of year $54 $20 $22
At end of year $–$54 $20
Supplemental Disclosures:
Interest paid $93 $43 $44
Income taxes paid, net $ 146 $ 319 $ 247
Supplemental schedule of noncash transactions in connection with separation:
Non-cash dividend of AEIDC to American Express $ 164 $– $–
See Notes to Consolidated Financial Statements.