Ameriprise 2011 Annual Report Download - page 191

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Schedule I — Condensed Financial Information of Registrant
Condensed Statements of Operations
(Parent Company Only)
Years Ended December 31,
2011 2010 2009
(in millions)
Revenues
Management and financial advice fees $ $ 129 $ 53
Distribution fees 9 11
Net investment income 18 17 22
Other revenues 30 29 68
Total revenues 57 186 143
Banking and deposit interest expense 1 1
Total net revenues 57 185 142
Expenses
Distribution expenses $ 5 $ (9) $
Interest and debt expense 95 107 127
General and administrative expense 223 288 271
Total expenses 323 386 398
Pretax loss before equity in earnings of subsidiaries (266) (201) (256)
Income tax benefit (102) (120) (114)
Loss before equity in earnings of subsidiaries (164) (81) (142)
Equity in earnings of subsidiaries excluding discontinued operations 1,300 1,202 863
Net income from continuing operations 1,136 1,121 721
Income (loss) from discontinued operations, net of tax (60) (24) 1
Net income $ 1,076 $ 1,097 $ 722
See Notes to Condensed Financial Information of Registrant.
F-4