Ameriprise 2009 Annual Report Download - page 183

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SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED STATEMENTS OF CASH FLOWS
(Parent Company Only)
Years Ended December 31,
2009 2008 2007
(in millions)
Cash Flows from Operating Activities
Net income (loss) $ 722 $ (38) $ 814
Adjustments to reconcile net income (loss) to net cash (used in) provided
by operating activities:
Equity in earnings of subsidiaries (879) (66) (1,006)
Dividends received from subsidiaries 204 1,139 1,491
Other operating activities, primarily with subsidiaries (75) 401 92
Net cash (used in) provided by operating activities (28) 1,436 1,391
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales 29 — —
Maturities, sinking fund payments and calls 86 161 104
Purchases (139) (161) (91)
Proceeds from sales of other investments — 9 —
Purchase of other investments — (103) —
Purchase of land, buildings, equipment and software (29) (24) (92)
Contributions to subsidiaries (233) (638) (40)
Return of capital from subsidiaries 60 — 67
Acquisitions, net of cash received — (316) —
Repayment of loans from subsidiaries 1,400 2,076 192
Issuance of loans to subsidiaries (1,599) (2,262) (359)
Other, net 841 6
Net cash used in investing activities (417) (1,217) (213)
Cash Flows from Financing Activities
Repayments of debt $ (550) $ (43) $ —
Dividends paid to shareholders (164) (143) (133)
Repurchase of common shares (11) (638) (989)
Issuance of common stock, net of issuance costs 869 — —
Issuance of debt, net of issuance costs 491 — —
Exercise of stock options 6 9 37
Excess tax benefits from share-based compensation 12 29 37
Other, net (4) (1) 53
Net cash provided by (used in) financing activities 649 (787) (995)
Net increase (decrease) in cash and cash equivalents 204 (568) 183
Cash and cash equivalents at beginning of year 734 1,302 1,119
Cash and cash equivalents at end of year $ 938 $ 734 $ 1,302
Supplemental Disclosures:
Interest paid on debt $ 132 $ 121 $ 121
Income taxes paid (received), net 4 (21) 6
Non-cash capital transactions to/(from) subsidiaries 331 211 (41)
See Notes to Consolidated Financial Statements.
F-5