Ameriprise 2014 Annual Report Download - page 207

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Schedule I — Condensed Financial Information of Registrant
Condensed Statements of Cash Flows
(Parent Company Only)
Years Ended December 31,
2014 2013 2012
(in millions)
Cash Flows from Operating Activities
Net income $ 1,619 $ 1,334 $ 1,029
Equity in earnings of subsidiaries excluding discontinued operations (1,816) (1,570) (1,235)
Loss from discontinued operations, net of tax 2 3 2
Dividends received from subsidiaries 1,569 1,163 1,366
Other operating activities, primarily with subsidiaries 614 (34) 197
Net cash provided by operating activities 1,988 896 1,359
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales 62 2
Maturities, sinking fund payments and calls 284 191 30
Purchases (756) (109)
Proceeds from sale of other investments 43 1
Purchase of other investments (50) (1) (55)
Purchase of land, buildings, equipment and software (40) (54) (38)
Contributions to subsidiaries (31) (106) (131)
Return of capital from subsidiaries 284 470 347
Repayment of loans to subsidiaries 3,402 1,420 1,150
Issuance of loans to subsidiaries (3,112) (1,412) (994)
Other, net 99 20 (16)
Net cash provided by investing activities 142 464 294
Cash Flows from Financing Activities
Dividends paid to shareholders (426) (401) (305)
Repurchase of common shares (1,577) (1,583) (1,381)
Cash paid for purchased options with deferred premiums (388) (4)
Cash received for purchased options with deferred premiums 59 23
Issuances of debt, net of issuance costs 543 744
Repayments of debt (200) (350)
Loans from subsidiaries 15
Repayment of loans from subsidiaries (15)
Exercise of stock options 33 118 160
Excess tax benefits from share-based compensation 162 120 64
Other, net (4) (2) (3)
Net cash used in financing activities (1,798) (1,335) (1,465)
Net increase in cash and cash equivalents 332 25 188
Cash and cash equivalents at beginning of year 925 900 712
Cash and cash equivalents at end of year $ 1,257 $ 925 $ 900
Supplemental Disclosures:
Interest paid on debt $ 145 $ 129 $ 139
Income taxes paid, net 482 354 170
Non-cash dividends from subsidiaries 152
Non-cash contributions to subsidiaries 51
See Notes to Condensed Financial Information of Registrant.
F-6