Unum 2006 Annual Report Download - page 122

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CONSOLIDATED STATEMENTS OF CASH FLOWS
Unum Group and Subsidiaries
104
2006 2005 2004
Net Income (Loss) 411.0$ 513.6$ $ (253.0)
Ad
j
ustments to Reconcile Net Income (Loss) to
Net Cash Provided b
y
O
p
eratin
g
Activities
Chan
g
e in Receivables 65.2 (56.9) (97.0)
Chan
g
e in Deferred Polic
y
Ac
q
uisition Costs (49.6) (55.7) (128.6)
Chan
g
e in Insurance Reserves and Liabilities 1,440.5 1,319.7 1,714.6
Chan
g
e in Income Tax Liabilities (67.4) 90.2 (141.1)
Chan
g
e in Other Accrued Liabilities (120.8) (44.0) (39.6)
Non-cash Ad
j
ustments to Net Investment Income (370.0) (368.6) (461.7)
Net Realized Investment (Gain) Loss (2.2) 6.7 (28.9)
Amortization of Value of Business Ac
q
uired 8.0 15.1 17.1
De
p
reciation 72.5 72.7 63.4
Im
p
airment of Intan
g
ible Assets - - 856.4
Cash Transferred to Reinsurer for Individual Income
Protection - Closed Block Restructurin
g
Transaction - - (707.4)
Other, Net 44.7 10.8 (47.2)
1,431.9 1,503.6 747.0
Proceeds from Sales of Available-for-Sale Securities 2,174.2 1,871.0 1,607.0
Proceeds from Maturities of Available-for-Sale Securities 1,364.0 1,169.7 1,744.8
Proceeds from Sales and Maturities of Other Investments 139.6 139.6 167.3
Purchase of Available-for-Sale Securities (4,050.2) (4,370.1) (4,190.4)
Purchase of Other Investments (561.0) (524.4) (115.4)
Net Sales (Purchases) of Short-term Investments (225.4) 5.4 (74.7)
Ac
q
uisition of Business - (3.5) (0.7)
Dis
p
osition of Business - 8.8 (12.9)
Other, Net (63.2) 67.9 (44.7)
$ (1,222.0) $ (1,635.6) $ (919.7)
Net Cash Provided by Operating Activities
Cash Flows from Investing Activities
Net Cash Used by Investing Activities
Year Ended December 31
(in millions of dollars)
Cash Flows from Operating Activities