Voya 2013 Annual Report Download - page 390

ING U.S., Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2013
Parent
Issuer
Subsidiary
Guarantor
Non-Guarantor
Subsidiaries
Consolidating
Adjustments Consolidated
Net cash provided by (used in) operating activities $ 203.4 $ 83.3 $ 3,076.7 $ (100.0) $ 3,263.4
Cash Flows from Investing Activities:
Proceeds from the sale, maturity, disposal or redemption
of:
Fixed maturities ............................ — — 16,681.3 — 16,681.3
Equity securities, available-for-sale ............. 14.5 14.0 23.1 — 51.6
Mortgage loans on real estate ................. — — 1,580.0 — 1,580.0
Limited partnerships/corporations .............. — — 466.1 — 466.1
Acquisition of:
Fixed maturities ............................ — — (19,014.8) — (19,014.8)
Equity securities, available-for-sale ............. (19.6) (11.1) (16.9) — (47.6)
Mortgage loans on real estate ................. — 0.4 (2,206.4) — (2,206.0)
Limited partnerships/corporations .............. — — (97.0) — (97.0)
Short-term investments, net ....................... — — 4,943.1 — 4,943.1
Policy loans, net ................................ — — 53.3 — 53.3
Derivatives, net ................................ (6.6) — (2,617.1) — (2,623.7)
Other investments, net ........................... — — 53.0 — 53.0
Sales from consolidated investments entities .......... — — 3,203.0 — 3,203.0
Purchase of consolidated investment entities .......... — — (4,257.9) — (4,257.9)
Maturity of intercompany loans with maturities more
than three months ............................. 2.3 — — (2.3) —
Net maturity of short-term intercompany loans to
subsidiaries .................................. (136.6) 58.0 261.1 (182.5) —
Return of capital contributions from subsidiaries ...... 1,434.0 1,077.0 — (2,511.0) —
Capital contributions to subsidiaries ................ (2,062.0) (0.3) — 2,062.3 —
Collateral received (delivered), net ................. 27.7 — (657.0) — (629.3)
Purchases of fixed assets, net ...................... — — (40.7) — (40.7)
Other, net ..................................... — (0.4) 0.4 — —
Net cash provided by (used in) investing activities ......... $ (746.3) $ 1,137.6 $ (1,643.4) $ (633.5) $ (1,885.6)
Cash Flows from Financing Activities:
Deposits received for investment contracts ........... $ — $ — $12,893.9 $ — $ 12,893.9
Maturities and withdrawals from investment
contracts .................................... — — (14,301.0) — (14,301.0)
Proceeds from issuance of debt with maturities of more
than three months ............................. 2,146.8 — — — 2,146.8
Repayment of debt with maturities of more than three
months ..................................... (1,370.4) (638.6) (688.4) — (2,697.4)
Short-term debt, net ............................. (171.6) — — — (171.6)
Debt issuance costs ............................. (26.5) — — — (26.5)
Intercompany loans with maturities of more than three
months ..................................... — — (2.3) 2.3 —
Net (repayments of) proceeds from short-term
intercompany loans ........................... (319.1) 125.4 11.2 182.5 —
Dividends to parent ............................. — — (100.0) 100.0 —
Return of capital contributions to parent ............. — (987.0) (1,524.0) 2,511.0 —
Contributions of capital from parent ................ — 280.0 1,782.3 (2,062.3) —
Borrowings of consolidated investment entities ....... — — 196.5 — 196.5
Repayments of debt of consolidated investment
entities ..................................... — — (128.2) — (128.2)
Contributions from (distributions to) participants in
consolidated investment entities ................. — — 1,197.3 — 1,197.3
Proceeds from issuance of common stock, net ........ 571.6 — — — 571.6
Dividends paid ................................. (5.2) — — — (5.2)
Net cash provided by (used in) financing activities ......... 825.6 (1,220.2) (662.7) 733.5 (323.8)
Net increase (decrease) in cash and cash equivalents ....... 282.7 0.7 770.6 — 1,054.0
Cash and cash equivalents, beginning of year ............. 357.5 0.4 1,428.9 — 1,786.8
Cash and cash equivalents, end of year .................. $ 640.2 $ 1.1 $ 2,199.5 $ — $ 2,840.8
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