The Hartford 2012 Annual Report Download - page 246

Table of Contents



(Registrant)
(In millions)

   
Operating Activities
Net income $(38) $ 712 $ 1,636
Loss on extinguishment of debt 910 — —
Undistributed earnings of subsidiaries (847)(1,011) (960)
Change in operating assets and liabilities 770 625 (21)
   
Investing Activities
Net sales of short-term investments 213 432 233
Capital contributions to subsidiaries (334) (126) (311)
  
Financing Activities
Proceeds from issuance of long-term debt 2,123 — 1,090
Repurchase of warrants (300) — —
Repayments of long-term debt (2,133)(400) (275)
Net proceeds from issuance of mandatory convertible preferred stock — — 556
Net proceeds from issuance of common shares under public offering — — 1,600
Redemption of preferred stock issued to the U.S. Treasury — — (3,400)
Treasury stock acquired (154)(46) —
Proceeds from net issuances of common shares under incentive and stock compensation plans and excess
tax benefits 7 9 22
Dividends paid — Preferred shares (42)(42) (85)
Dividends paid — Common Shares (175) (153) (85)
 
Net change in cash ———
Cash — beginning of year ———
Cash — end of year $ —    
Supplemental Disclosure of Cash Flow Information
Interest Paid $443 $483 $465
Dividends Received from Subsidiaries $1,026 $976 $ 1,006
The condensed financial statements should be read in conjunction with
the consolidated financial statements and notes thereto.
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