Ameriprise 2013 Annual Report Download - page 121

Consolidated Statements of Cash Flows
Ameriprise Financial, Inc.
Years Ended December 31,
2013 2012 2011
(in millions)
Cash Flows from Operating Activities
Net income $ 1,475 $ 901 $ 1,010
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion, net 239 225 110
Deferred income tax expense (benefit) (118) 50 83
Share-based compensation 143 134 145
Net realized investment gains (16) (45) (34)
Net trading losses (gains) (7) 2 1
Loss (income) and (gain) from sale of equity method investments (31) 15 42
Other-than-temporary impairments and provision for loan losses 84243
Net losses (gains) of consolidated investment entities (136) 158 115
Changes in operating assets and liabilities:
Restricted and segregated cash and investments 93 (684) (11)
Deferred acquisition costs (132) (27) 62
Other investments, net (6) 11 5
Policyholder account balances, future policy benefits and claims, net (1,318) (741) 1,173
Derivatives, net of collateral 1,706 661 239
Receivables (267) (130) (260)
Brokerage deposits 63 683 225
Accounts payable and accrued expenses 134 171 (80)
Cash held by consolidated investment entities 174 (109) 2
Investment properties of consolidated investment entities (603) (156) (218)
Other operating assets and liabilities of consolidated investment entities, net (38) 103 19
Other, net 1 241 (493)
Net cash provided by operating activities 1,364 1,505 2,178
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales 327 3,719 888
Maturities, sinking fund payments and calls 5,101 4,994 5,206
Purchases (5,780) (4,957) (7,236)
Proceeds from sales, maturities and repayments of mortgage loans 711 674 582
Funding and purchase of mortgage loans (630) (586) (912)
Proceeds from sales and collections of other investments 348 199 360
Purchase of other investments (347) (403) (422)
Purchase of investments by consolidated investment entities (3,077) (1,604) (2,871)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 2,604 2,316 3,399
Purchase of land, buildings, equipment and software (105) (137) (250)
Proceeds from sale of business — — 150
Change in credit card receivables, net — 194 (31)
Other, net 46 8 (9)
Net cash provided by (used in) investing activities (802) 4,417 (1,146)
Cash Flows from Financing Activities
Investment certificates and banking time deposits:
Proceeds from additions 2,348 1,754 913
Maturities, withdrawals and cash surrenders (1,877) (1,187) (1,283)
Change in other banking deposits — (4,571) 1,210
Policyholder account balances:
Deposits and other additions 2,158 2,198 2,221
Net transfers from (to) separate accounts (116) (30) 39
Surrenders and other benefits (1,994) (2,063) (2,154)
Cash paid for purchased options with deferred premiums (396) (356) (254)
Issuance of debt, net of issuance costs 744 — —
Repayments of debt (350) — (20)
Change in short-term borrowings, net (2) (5) 107
Dividends paid to shareholders (401) (305) (212)
Repurchase of common shares (1,583) (1,381) (1,495)
Exercise of stock options 118 160 66
Excess tax benefits from share-based compensation 120 64 90
Borrowings by consolidated investment entities 1,725 175 163
Repayments of debt by consolidated investment entities (1,046) (709) (603)
Noncontrolling interests investments in subsidiaries 392 125 155
Distributions to noncontrolling interests (161) (207) (54)
Other, net 15 (4) —
Net cash used in financing activities (306) (6,342) (1,111)
Effect of exchange rate changes on cash 510 (1)
Net increase (decrease) in cash and cash equivalents 261 (410) (80)
Cash and cash equivalents at beginning of period 2,371 2,781 2,861
Cash and cash equivalents at end of period $ 2,632 $ 2,371 $ 2,781
Supplemental Disclosures:
Interest paid before consolidated investment entities $ 170 $ 190 $ 201
Income taxes paid, net 391 217 370
Non-cash investing activity:
Affordable housing partnership commitments not yet remitted 96 13 137
Non-cash financing activity:
Dividends declared but not paid ——62
See Notes to Consolidated Financial Statements.
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