| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income | ||||||||||
- | - | - | - | - | - | - | 1,766 | 1,276 | 1,384 | 1,831 |
Net Income including non-controlling interests | ||||||||||
1,905 | 2,256 | 2,395 | 2,045 | 1,911 | 1,659 | 1,986 | - | - | - | - |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Net realized capital (gains) losses | ||||||||||
-239 | 86 | -65 | 80 | -8 | 108 | 167 | 227 | 55 | -655 | 73 |
Depreciation and amortization | ||||||||||
705 | 681 | 671 | 629 | 569 | 449 | 447 | 444 | 416 | 378 | 321 |
Debt fair value amortization | ||||||||||
-17 | -30 | -30 | -53 | -39 | 0 | 0 | - | - | - | - |
Amortization of Interest Rate Hedges | ||||||||||
- | - | - | 6 | - | - | - | - | - | - | - |
Equity in earnings of affiliates, net | ||||||||||
105 | 6 | 31 | 40 | 43 | 46 | -1 | 33 | 15 | -159 | -88 |
Stock-based compensation expense | ||||||||||
187 | 191 | 181 | 163 | 127 | 122 | 141 | 110 | 90 | 95 | 89 |
Reduction of reserve for anticipated future losses on discontinued products | ||||||||||
-109 | -128 | 0 | 0 | -86 | 0 | 0 | - | - | - | - |
Reversal of allowance and gain on sale of reinsurance recoverable | ||||||||||
- | - | - | - | -49 | 0 | 0 | - | - | - | - |
Amortization of net investment premium | ||||||||||
-69 | -79 | -84 | -72 | -58 | -21 | -1 | 28 | 67 | 15 | 3 |
Loss on early extinguishment of long-term debt | ||||||||||
-246 | 0 | 0 | -181 | 0 | -84 | 0 | 0 | - | - | - |
Loss (Gain) on Disposition of Business | ||||||||||
88 | 0 | 0 | - | - | - | - | - | - | - | - |
Pension settlement charge | ||||||||||
- | - | - | -112 | 0 | 0 | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||
Accrued investment income | ||||||||||
- | - | - | 13 | -2 | -12 | -6 | -5 | 15 | -4 | -6 |
Premiums due and other receivables | ||||||||||
809 | 153 | 616 | 784 | 261 | 163 | -16 | 38 | 53 | 106 | -91 |
Income taxes | ||||||||||
-672 | 155 | 31 | -154 | 52 | 98 | 154 | 182 | -14 | -137 | 28 |
Other assets and other liabilities | ||||||||||
1,445 | -669 | -646 | -363 | -26 | 340 | -21 | 309 | -570 | -116 | -119 |
Health care and insurance liabilities | ||||||||||
-624 | 91 | 470 | 926 | 2 | 25 | -103 | -458 | 357 | -82 | 23 |
Proceeds from Equity Method Investment, Distribution | ||||||||||
54 | 0 | 0 | - | - | - | - | - | - | - | - |
Other, net | ||||||||||
- | - | - | - | - | -9 | -3 | 2 | 1 | -4 | -1 |
Net cash provided by operating activities | ||||||||||
-464 | 3,719 | 3,866 | 3,373 | 2,278 | 1,824 | 2,511 | 1,412 | 2,488 | 2,206 | 2,065 |
Cash flows used for investing activities: | ||||||||||
Proceeds from sales and maturities of investments | ||||||||||
12,144 | 14,741 | 12,299 | 9,484 | 13,382 | 11,181 | 9,953 | 11,966 | 10,029 | 11,681 | 10,577 |
Cost of investments | ||||||||||
10,370 | 14,852 | 12,943 | 10,804 | 13,178 | 11,066 | 9,905 | 11,043 | 11,592 | 12,307 | 10,642 |
Additions to property, equipment and software | ||||||||||
410 | 270 | 363 | 370 | 479 | 338 | 372 | 288 | 362 | 446 | 400 |
Proceeds from Divestiture of Businesses, Net of Cash Divested | ||||||||||
1,390 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments to Acquire Businesses, Net of Cash Acquired | ||||||||||
24 | 0 | 20 | 440 | 1,644 | 8 | 1,555 | 0 | 75 | 0 | 572 |
Other, net | ||||||||||
- | - | - | - | - | 0 | 0 | - | - | - | - |
Net cash provided by (used for) investing activities | ||||||||||
2,730 | -381 | -1,027 | -2,130 | -1,919 | -231 | -1,880 | 634 | -1,999 | -1,073 | -1,037 |
Cash flows used for financing activities: | ||||||||||
Proceeds from Issuance of Long-term Debt | ||||||||||
988 | 12,886 | 0 | 1,482 | 0 | 2,664 | 480 | 697 | 0 | 484 | 663 |
Repayment of long-term debt | ||||||||||
12,734 | 0 | 229 | 1,798 | 0 | 277 | 900 | 0 | 0 | - | - |
Net (repayment) issuance of short-term debt | ||||||||||
0 | 0 | -500 | 500 | 0 | -425 | 425 | -480 | 266 | -85 | 85 |
Deposits and interest credited to investment contracts net of (withdrawals) | ||||||||||
1 | 1 | -35 | 2 | - | 5 | 5 | 8 | 7 | 8 | 9 |
(Withdrawals) net of deposits and interest credited to investment contracts | ||||||||||
- | - | - | - | 5 | 17 | 8 | 9 | 9 | 38 | 21 |
Common shares issued under benefit plans, net | ||||||||||
-180 | -139 | -143 | -60 | 11 | -44 | 125 | 43 | 14 | 29 | 170 |
Stock-based compensation tax benefits | ||||||||||
0 | 0 | 53 | 41 | 83 | 50 | 38 | 22 | 5 | 27 | 153 |
(Settlements) proceeds from repurchase agreements | ||||||||||
0 | 0 | -202 | 202 | 0 | 0 | - | - | - | - | - |
Common shares repurchased | ||||||||||
3,845 | 0 | 296 | 1,218 | 1,407 | 1,417 | 1,813 | 1,606 | 773 | 1,787 | 1,695 |
Dividends paid to shareholders | ||||||||||
583 | 351 | 349 | 321 | 278 | 239 | 167 | 16 | 17 | 18 | 20 |
Net payment on interest rate derivatives | ||||||||||
0 | -274 | -25 | -77 | -39 | 9 | -2 | -41 | 41 | 0 | 0 |
(Distributions) contributions, non-controlling interests | ||||||||||
167 | 11 | -9 | 12 | 31 | -2 | -3 | - | - | - | - |
Net cash provided by (used for) financing activities | ||||||||||
-16,186 | 12,134 | -1,735 | -1,235 | -1,525 | 305 | -1,818 | -1,382 | -464 | 1,208 | -653 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
-13,920 | 15,472 | 1,104 | 8 | -1,166 | 1,899 | -1,187 | 664 | 24 | -74 | 374 |
Supplemental cash flow information: | ||||||||||
Interest paid | ||||||||||
453 | 541 | 338 | 379 | - | - | - | - | - | 228 | - |
Income Taxes Paid | ||||||||||
1,759 | 1,580 | 1,755 | 1,573 | - | - | - | - | - | 906 | - |