Ameriprise 2007 Annual Report Download - page 62

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Consolidated Statements of Cash Flows (continued)
Ameriprise Financial, Inc.
Years Ended December 31,
2007 2006 2005
(in millions)
Cash Flows from Financing Activities
Investment certificates and banking time deposits:
Proceeds from additions $ 831 $ 1,947 $ 3,244
Maturities, withdrawals and cash surrenders (1,777) (2,897) (3,412)
Change in other banking deposits 519 (95) —
Policyholder and contractholder account values:
Consideration received 1,093 1,267 1,532
Net transfers to separate accounts (50) (307) (13)
Surrenders and other benefits (3,838) (3,688) (2,126)
Proceeds from issuances of debt, net of issuance costs —516 2,843
Principal repayments of debt (54) (284) (1,391)
Payable to American Express, net —— (1,578)
Capital transactions with American Express, net —— 1,256
Dividends paid to American Express —— (53)
Dividends paid to shareholders (133) (108) (27)
Repurchase of common shares (977) (490) —
Exercise of stock options 37 20 —
Excess tax benefits from share-based compensation 37 52 —
Dividends received from discontinued operations —— 48
Other, net 43 2 —
Net cash provided by (used in) financing activities (4,269) (4,065) 323
Cash Flows from Discontinued Operations
Net cash provided by operating activities —— 46
Net cash used in investing activities —— (10)
Net cash provided by financing activities —— 482
Net cash provided by discontinued operations —— 518
Effect of exchange rate changes on cash 541 (32)
Net increase in cash and cash equivalents 1,076 277 1,392
Cash and cash equivalents at beginning of year 2,760 2,483 1,091
Cash and cash equivalents at end of year $ 3,836 $ 2,760 $ 2,483
Cash and cash equivalents of discontinued operations included above:
At beginning of year $ — $ — $ 54
At end of year —— —
Supplemental Disclosures:
Interest paid on debt $ 140 $ 131 $ 99
Income taxes paid, net 55 219 146
Non-cash dividend of AEIDC to American Express —— 164
See Notes to Consolidated Financial Statements.
60 Ameriprise Financial 2007 Annual Report