Ameriprise 2012 Annual Report Download - page 118

Consolidated Statements of Cash Flows
Ameriprise Financial, Inc.
Years Ended December 31,
2012 2011 2010
(in millions)
Cash Flows from Operating Activities
Net income $ 901 $ 1,010 $ 1,152
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion, net 225 110 110
Deferred income tax expense 50 83 455
Share-based compensation 134 145 158
Net realized investment gains (45) (34) (60)
Net unrealized trading losses (gains) 2 1 (12)
Loss (income) from equity method investments 15 42 (4)
Other-than-temporary impairments and provision for loan losses 42 43 47
Net losses (gains) of consolidated investment entities 158 115 (106)
Changes in operating assets and liabilities:
Restricted and segregated cash and investments (684) (11) (186)
Deferred acquisition costs (27) 62 (232)
Other investments, net 11 5 18
Future policy benefits and claims, net 365 222 565
Receivables (130) (260) (441)
Brokerage deposits 683 225 222
Accounts payable and accrued expenses 171 (80) 195
Derivatives collateral, net (418) 738 111
Cash held by consolidated investment entities (109) 2 166
Investment properties of consolidated investment entities (156) (218) (21)
Other operating assets and liabilities of consolidated investment entities, net 103 19 (54)
Other, net 214 (41) (236)
Net cash provided by operating activities 1,505 2,178 1,847
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales 3,719 888 1,519
Maturities, sinking fund payments and calls 4,994 5,206 6,404
Purchases (4,957) (7,236) (7,502)
Proceeds from sales, maturities and repayments of commercial mortgage loans 253 224 226
Funding of commercial mortgage loans (252) (238) (154)
Proceeds from sales of other investments 199 360 189
Purchase of other investments (403) (422) (102)
Purchase of investments by consolidated investment entities (1,604) (2,871) (1,935)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 2,316 3,399 2,005
Purchase of land, buildings, equipment and software (137) (250) (131)
Acquisitions — — (866)
Proceeds from sale of business — 150 —
Change in consumer loans, net 297 (349) (372)
Other, net (8) (7) (15)
Net cash provided by (used in) investing activities 4,417 (1,146) (734)
Cash Flows from Financing Activities
Investment certificates and banking time deposits:
Proceeds from additions 1,721 873 1,029
Maturities, withdrawals and cash surrenders (1,154) (1,243) (1,871)
Change in other banking deposits (4,571) 1,210 842
Policyholder and contractholder account values:
Consideration received 1,406 1,378 1,593
Net transfers from (to) separate accounts (30) 39 (1,337)
Surrenders and other benefits (1,271) (1,311) (1,338)
Deferred premium options, net (356) (254) (182)
Issuance of debt, net of issuance costs — — 744
Repayments of debt — (20) (354)
Change in short-term borrowings, net (5) 107 397
Dividends paid to shareholders (305) (212) (183)
Repurchase of common shares (1,381) (1,495) (582)
Exercise of stock options 160 66 113
Excess tax benefits from share-based compensation 64 90 9
Borrowings by consolidated investment entities 175 163 163
Repayments of debt by consolidated investment entities (709) (603) (287)
Noncontrolling interests investments in subsidiaries 125 155 77
Distributions to noncontrolling interests (207) (54) (171)
Other, net (4) — (5)
Net cash used in financing activities (6,342) (1,111) (1,343)
Effect of exchange rate changes on cash 10 (1) (6)
Net decrease in cash and cash equivalents (410) (80) (236)
Cash and cash equivalents at beginning of period 2,781 2,861 3,097
Cash and cash equivalents at end of period $ 2,371 $ 2,781 $ 2,861
Supplemental Disclosures:
Interest paid before consolidated investment entities $ 190 $ 201 $ 231
Income taxes paid, net 217 370 61
Non-cash investing activity:
Affordable housing partnership commitments not yet remitted 13 137 188
Non-cash financing activity:
Dividends declared but not paid —62 —
See Notes to Consolidated Financial Statements.
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