Ameriprise 2009 Annual Report Download - page 108

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Consolidated Statements of Cash Flows
Ameriprise Financial, Inc.
Years Ended December 31,
2009 2008 2007
(in millions)
Cash Flows from Operating Activities
Net income (loss) $ 737 $ (92) $ 806
Adjustments to reconcile net income (loss) to net cash (used in) provided
by operating activities:
Capitalization of deferred acquisition and sales inducement costs (702) (731) (890)
Amortization of deferred acquisition and sales inducement costs 227 1,054 604
Depreciation, amortization and accretion, net 120 267 285
Deferred income tax (benefit) expense (25) (409) 25
Share-based compensation 182 148 143
Net realized investment gains (163) (5) (49)
Other-than-temporary impairments and provision for loan losses 132 793 (13)
Changes in operating assets and liabilities:
Segregated cash 534 (419) 63
Trading securities and equity method investments, net (18) (20) 18
Future policy benefits and claims, net 105 466 84
Receivables (126) (200) (288)
Brokerage deposits (94) 278 (76)
Accounts payable and accrued expenses 26 (507) (12)
Derivatives collateral, net (1,914) 1,583 (106)
Other, net (279) (281) 172
Net cash (used in) provided by operating activities (1,258) 1,925 766
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales 5,630 426 3,662
Maturities, sinking fund payments and calls 5,855 3,911 2,887
Purchases (17,815) (3,603) (1,684)
Proceeds from sales and maturities of commercial mortgage loans 294 319 492
Funding of commercial mortgage loans (104) (109) (510)
Proceeds from sale of AMEX Assurance — — 115
Proceeds from sales of other investments 75 52 123
Purchase of other investments (14) (353) (61)
Purchase of land, buildings, equipment and software (83) (125) (306)
Change in policy loans, net 7 (25) (47)
Change in restricted cash (60) 155 (153)
Acquisitions, net of cash received — (563) —
Change in consumer banking loans and credit card receivables, net (218) (103) 91
Other, net —3319
Net cash (used in) provided by investing activities (6,433) 15 4,628
See Notes to Consolidated Financial Statements.
ANNUAL REPORT 2009 93