American Equity Investment Life Holding Co AEL Cash Flow

American equity investment life holding co (AEL)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities
Operating activities
Net income (loss)
519	246	79	211	287	458	440	328	261	174	258	194	182	83	-3	100	169	219	217	187	141	126	145	134	217	253	238	174	73	57	71	65	65	86	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Interest sensitive and index product benefits
1,551	1,287	1,143	1,056	1,233	1,610	1,986	2,073	2,118	2,023	1,630	1,408	1,046	725	653	587	782	968	1,161	1,377	1,439	1,473	1,497	1,401	1,366	1,272	1,170	1,082	892	808	681	658	754	775	0	0	0
Amortization of deferred sales inducements
128	88	-14	96	155	222	299	259	214	176	234	289	286	251	184	181	225	209	187	161	141	131	165	159	224	253	220	193	99	87	99	63	57	71	0	0	0
Annuity product charges
246	240	237	232	226	224	220	214	207	200	192	188	180	173	162	152	143	136	131	125	122	118	118	113	107	103	95	92	91	89	84	80	78	76	0	0	0
Change in fair value of embedded derivatives
562	-1,454	-502	-673	-244	1,389	294	448	171	-919	-477	-392	-501	-543	-812	-253	250	464	529	309	9	-32	-121	-352	136	-133	188	36	-291	-286	-499	-105	-125	105	0	0	0
Change in traditional life and accident and health insurance reserves
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in traditional life and accident and health insurance reserves
-	-	-	-	-	-0	2	1	1	-0	3	10	14	12	11	5	5	5	5	2	1	2	19	6	11	14	3	32	32	35	34	43	58	76	0	0	0
Policy acquisition costs deferred
378	422	443	424	400	388	383	384	392	406	432	460	496	543	616	670	936	657	1,203	919	398	426	-424	-420	-424	-425	-429	-422	-406	-403	-423	-443	-452	-478	0	0	0
Amortization of deferred policy acquisition costs
163	87	-54	147	232	327	430	372	306	255	337	412	413	374	297	267	321	286	236	208	170	163	213	224	326	365	325	301	176	164	183	128	122	143	0	0	0
Provision for depreciation and other amortization
4	4	3	3	3	3	3	3	3	3	3	4	3	3	3	3	4	4	5	6	7	9	11	14	16	18	18	18	18	18	18	18	19	18	0	0	0
Amortization of discounts and premiums on investments
-31	-25	-25	-22	-17	-19	-19	-16	-18	-15	-14	-15	-6	-1	-0	7	10	8	13	19	13	14	13	5	-10	-6	-13	-3	36	69	114	139	148	154	0	0	0
Realized gains (losses) on investments and net credit losses recognized in operations
-31	-11	-17	-38	-73	-73	-58	-40	3	5	-2	-1	-5	-11	-15	-22	-17	-9	5	6	-0	-6	8	9	25	34	10	9	-5	-21	-29	-52	-53	-52	0	0	0
Change in fair value of derivatives
-420	906	-613	1	57	-777	938	706	841	1,678	1,112	853	626	165	139	-315	-377	-334	-257	133	427	506	804	957	750	1,076	582	550	335	221	362	-132	-2	-112	0	0	0
Distributions from equity method investments
-	-	-	-	-	1	1	1	1	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
139	56	-22	-18	-22	-12	-12	-10	-44	-46	17	-11	31	-10	-48	-1	19	41	16	-0	-31	-46	-46	-78	-31	3	-0	0	-42	-52	-43	-30	-51	-80	0	0	0
Loss on extinguishment of debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Share-based compensation
9	11	12	12	11	11	9	8	7	6	7	7	6	6	6	7	7	7	7	6	5	3	5	8	9	10	7	6	6	6	8	8	8	9	0	0	0
Change in accrued investment income
-24	4	15	33	42	39	42	31	30	31	33	39	30	35	30	34	35	35	35	39	35	24	32	16	24	39	30	43	61	32	64	29	38	61	0	0	0
Change in income taxes recoverable/payable
-21	26	-16	-16	-96	-60	-2	-30	52	45	1	34	28	18	-7	-13	-21	-20	-8	5	-4	-19	22	-23	7	5	0	1	36	13	-24	-2	36	-2	0	0	0
Change in other assets
-1	5	2	4	5	0	0	1	0	-0	0	-1	-3	-1	-0	-0	0	-0	-0	2	3	2	1	-1	0	-1	1	-2	5	7	4	7	-4	-5	0	0	0
Change in other policy funds and contract claims
-25	-21	-19	-20	-20	-19	-19	-17	-20	-23	-26	-25	-28	-34	-39	-45	-47	-49	-50	-57	-57	-60	-70	-57	-56	-47	-25	1	28	55	81	115	150	177	0	0	0
Change in collateral held for derivatives
-340	1,190	-223	113	-86	-1,296	-10	-246	-246	772	607	693	675	414	454	-161	30	-269	-451	-150	-200	27	131	153	-86	236	-109	87	31	99	393	-53	-46	-215	0	0	0
Change in collateral held for securities lending
-314	495	365	441	321	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other liabilities
-57	-28	52	7	-8	-17	-70	-70	-52	-84	-69	-51	-56	-55	2	21	44	75	14	-5	-28	-51	-57	-44	-35	-11	7	17	19	5	-11	-13	-68	-77	0	0	0
Other
5	7	14	12	11	13	11	12	13	13	14	13	16	14	16	18	16	15	15	12	8	8	7	6	7	7	-0	3	1	0	4	0	0	-0	0	0	0
Net cash provided by (used in) operating activities
1,074	3,351	1,745	2,058	1,598	43	1,244	948	982	1,923	1,737	1,825	1,772	1,416	1,378	661	786	504	291	577	519	707	745	766	541	862	559	775	696	784	1,007	592	495	277	0	0	0
Investing activities
Sales, maturities, or repayments of investments:
Fixed maturity securities, available for sale
4,896	3,266	3,257	2,355	3,891	3,870	3,375	3,316	1,660	1,911	2,227	2,295	2,682	2,746	2,184	2,147	1,917	1,612	1,538	1,438	1,558	1,490	1,734	2,103	2,728	3,456	4,311	4,168	3,270	3,298	2,214	1,883	2,938	3,705	0	0	0
Fixed maturity securitiesheld for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,618	2,837	1,907	1,360	219	0	0	0
Equity securitiesavailable for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	7	5	5	2	0	0	0
Mortgage loans on real estate
320	294	266	294	287	298	350	304	344	351	321	353	374	383	415	454	442	468	491	465	479	453	453	490	497	539	603	590	570	543	414	340	253	206	0	0	0
Derivative instruments
923	657	546	836	1,022	1,446	1,799	1,796	1,827	1,697	1,287	1,018	627	284	225	204	432	640	846	1,089	1,143	1,169	1,195	1,095	1,065	971	869	782	573	483	349	340	465	506	0	0	0
Other investments
474	472	209	206	205	358	157	157	158	9	7	7	12	11	18	17	13	16	18	20	21	23	22	25	27	24	25	34	34	33	28	12	6	2	0	0	0
Acquisitions of investments:
Fixed maturity securities, available for sale
5,504	5,509	5,851	5,573	6,502	6,852	6,486	5,824	5,121	5,026	5,573	7,022	6,716	6,883	7,280	6,486	7,204	7,256	6,234	6,511	5,652	5,191	5,269	4,992	6,628	7,962	9,970	9,686	9,586	8,266	6,650	5,700	4,511	5,347	0	0	0
Fixed maturity securitiesheld for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,940	0	0	0
Equity securities - available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Mortgage loans on real estate
948	799	584	585	639	575	630	544	535	535	514	456	411	428	377	445	468	455	462	373	342	327	350	470	500	505	488	462	437	386	348	337	333	481	0	0	0
Derivative instruments
810	823	842	857	858	864	840	798	744	691	652	633	619	602	605	602	594	588	564	540	513	492	472	455	440	419	401	385	378	379	381	390	395	395	0	0	0
Other investments
611	611	362	335	75	85	354	340	319	305	20	11	12	11	17	15	10	13	8	71	73	72	73	15	31	29	27	22	86	86	84	160	77	77	0	0	0
Purchases of property, furniture and equipment
13	4	3	2	3	4	4	5	4	4	4	3	2	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	1	1	2	5	0	0	0
Net cash provided by (used in) investing activities
-1,273	-3,054	-3,365	-3,662	-2,672	-2,408	-2,632	-1,936	-2,734	-2,593	-2,921	-4,452	-4,065	-4,501	-5,438	-4,726	-5,473	-5,577	-4,376	-4,484	-3,381	-2,947	-2,758	-2,219	-3,235	-3,879	-5,027	-3,999	-4,553	-2,129	-1,613	-2,760	-1,470	-3,605	0	0	0
Financing activities
Receipts credited to annuity policyholder account balances
4,416	4,951	5,161	4,897	4,595	4,381	4,255	4,125	4,099	4,152	4,531	5,153	6,076	7,092	7,850	8,137	7,833	7,051	6,056	5,305	4,552	4,160	4,103	4,077	4,161	4,160	4,117	4,006	3,763	3,782	3,805	4,142	4,376	4,784	0	0	0
Coinsurance deposits
-167	-91	-97	-72	-20	23	91	74	77	6	2,467	2,171	1,632	1,317	-1,121	-787	-264	80	89	78	78	109	47	23	17	25	41	49	60	4	-57	-113	-155	-122	0	0	0
Return of annuity policyholder account balances
3,792	3,584	3,537	3,386	3,239	3,159	3,009	2,907	2,820	2,809	2,777	2,768	2,681	2,535	2,440	2,417	2,360	2,271	2,253	2,103	2,042	2,025	1,947	1,879	1,837	1,763	1,667	1,643	1,608	1,575	1,271	1,356	1,424	1,494	0	0	0
Financing fees incurred and deferred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	10	12	11	0	0	0	-	-	-	-	1	0	0	0
Repayment of notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	219	310	325	288	234	0	0	0	-	-	-	-	-	-	-	-
Repayment of subordinated debentures
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from amounts due under repurchase agreements
-57	-109	-67	0	106	109	92	-61	137	0	0	0	0	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits realized from share-based compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	1	3	4	4	4	5	6	7	6	4	1	0	0	0	0	0	0	1	0	0	0
Proceeds from issuance of common stock, net
2	1	1	2	5	9	14	16	14	14	9	140	139	139	139	110	112	112	114	11	11	13	15	27	30	31	27	16	12	5	4	1	2	4	0	0	0
Change in checks in excess of cash balance
-6	29	-1	0	2	-15	-6	10	-8	4	16	-2	21	21	1	35	-3	-5	20	-11	18	-1	2	-9	-11	9	-16	-1	-4	1	4	5	9	17	0	0	0
Preferred stock dividends
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
915	1,652	1,629	1,560	1,465	1,275	1,232	672	1,303	1,312	1,656	2,654	2,757	3,478	4,349	4,877	5,100	4,768	3,820	3,176	2,476	2,043	1,866	2,170	2,491	2,645	3,005	2,563	2,212	2,208	2,431	2,626	2,755	3,135	0	0	0
Increase (decrease) in cash and cash equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash and cash equivalents
-	-	-	-	-	-1,089	-156	-315	-448	642	472	27	465	393	289	813	413	-303	-265	-730	-385	-196	-146	717	-202	-371	-1,462	-660	-1,645	863	1,825	458	1,780	-192	0	0	0
Supplemental disclosures of cash flow information
Cash paid during period for interest:
Interest expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	0	40	-	43	42	42	39	38	38	38	39	40	40	41	42	45	35	37	25	25	25	27	27	29	29	30	30	0	0	0
Cash paid during period for income taxes:
Income taxes
28	28	0	0	0	-	-	-	-	142	118	80	38	39	55	68	91	91	107	117	111	132	147	148	139	128	98	82	77	67	62	68	128	129	0	0	0
Income tax refunds received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Non-cash operating activity:
Deferral of sales inducements
156	177	185	180	181	179	176	181	194	216	258	285	311	353	411	463	501	486	435	393	350	330	829	328	336	337	-164	328	310	306	324	339	348	385	0	0	0
Real estate acquired in satisfaction of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	13	17	9	8	17	15	23	26	18	26	20	20	0	0	0
Common stock issued to settle warrants that have expired
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	20	12	0	0	0	0	0
Common stock issued in extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-