Voya 2013 Annual Report Download - page 398

ING U.S., Inc.
Schedule II
Financial Information of Parent
Statements of Cash Flows
(In millions)
Years Ended December 31,
2013 2012 2011
Cash Flows from Operating Activities:
Net income (loss) available to ING U.S., Inc.’s common shareholders ......... $ 600.5 $ 473.0 $ (88.1)
Adjustments to reconcile net income (loss) available to ING U.S., Inc.’s
common shareholders to net cash provided by (used in) operating
activities:
Equity in earnings of subsidiaries .............................. (529.1) (213.3) (360.1)
Net accretion/amortization of discount premium .................. 0.3 — —
Provision for deferred income taxes ............................ (77.0) 135.6 48.0
Realized investment losses, net ................................ 39.2 — 42.2
Change in:
Receivable and asset accruals ............................. 191.8 (162.4) 295.1
Due from subsidiaries ................................... 1.1 (10.2) 2.9
Due to subsidiaries ..................................... (22.9) (0.8) (2.3)
Other payables and accruals .............................. 7.1 (162.2) 196.7
Other, net ............................................. (7.6) — —
Net cash provided by operating activities ................................ 203.4 59.7 134.4
Cash Flows from Investing Activities:
Proceeds from the sale, maturity, disposal or redemption of equity
securities, available-for-sale .................................... 14.5 27.2 21.2
Acquisition of equity securities, available-for-sale ..................... (19.6) (14.0) (12.5)
Derivatives, net ................................................ (6.6) — (410.4)
Short-term intercompany loans issued to subsidiaries with maturities more
than three months ............................................ 2.3 — 13.9
Net maturity of intercompany loans to subsidiaries .................... (136.6) 102.3 856.3
Return of capital contributions from subsidiaries ...................... 1,434.0 813.0 200.0
Capital contributions to subsidiaries ................................ (2,062.0) (400.0) (377.0)
Collateral received (delivered), net ................................. 27.7 7.2 (2.5)
Net cash (used in) provided by investing activities ........................ (746.3) 535.7 289.0
The accompanying notes are an integral part of this Financial Information.
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