American international group, inc. (AIG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Cash flows from operating activities:
Net income

4,169

61

-6,056

-349

2,222

7,524

9,092

3,700

21,330

12,285

-9,726

-100,387

7,488

Income from discontinued operations, net of income tax expense

48

-42

4

-90

0

-50

84

1

2,467

-969

2,661

-7,041

2,879

Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Gain (Loss) on Sale of Securities Available for Sale and Other Assets, Net

862

-98

431

2,033

1,111

764

2,741

3,219

1,766

2,903

1,305

-5,020

1,304

Net (gain) loss on sale of divested businesses

-75

38

68

545

-11

2,197

-48

-6,736

-74

19,566

-1,271

-

-

Losses on extinguishment of debt

-32

-7

5

-74

-756

-2,282

-651

-32

-2,908

-104

-

-

-

Unrealized (Gains) Losses in Earnings, Net

-207

-443

-79

-1,465

522

1,239

156

6,091

803

1,529

4,249

-3,435

-12,400

Equity in loss from equity method investments, net of dividends or distributions

-260

-363

-350

-1,053

481

1,394

1,484

911

637

1,268

-1,633

-7,407

4,617

Depreciation and other amortization

5,006

5,362

3,874

4,090

4,629

4,448

4,713

7,349

7,372

5,977

9,212

12,875

13,110

Amortization of costs and accrued interest and fees related to FRBNY Credit Facility

-

-

-

-

-

-

-

-

48

4,223

10,175

11,163

-

Provision for mortgage and other loans receivable

-

-

-

-

-

-

-

-

-

-

1,011

368

241

Impairments of assets

299

425

685

1,116

1,500

610

1,332

1,747

3,482

3,759

9,260

46,158

4,214

Changes in operating assets and liabilities:
Insurance reserves

-5,224

1,065

2,637

5,325

1,645

-2,281

-2,576

-2,260

-202

8,705

5,991

8,098

10,829

Change in Premiums and Insurance Balances Receivable and Payable, Net

-437

-887

-410

-536

70

-820

-43

-1,678

-1,828

-482

-2,282

5,885

-2,452

Reinsurance assets and funds held under reinsurance treaties

-217

3,289

10,870

1,804

-1,525

-1,872

-2,131

-1,407

1,103

3,510

246

718

-912

Capitalization of deferred policy acquisition costs

5,403

5,832

4,819

5,216

5,808

5,880

5,834

5,613

5,429

5,933

5,942

11,030

11,931

Other policyholder funds

-

-

-

-

-

-

-

-

-

-

689

400

1,283

Current and deferred income taxes - net

912

0

6,981

-308

548

2,190

-437

-1,255

-20,480

6,052

-2,962

-9,815

-3,060

Payment of FRBNY Credit Facility accrued compounded interest and fees

-

-

-

-

-

-

-

-

6,363

-

-

-

-

Other, net

1,005

-467

581

-8

1,967

1,034

-1,167

-377

1,243

1,686

3,143

-

1,341

Trading securities

-

-

-

-

-

-

-

-

-

-

-993

-2,816

334

Securities sold under agreements to repurchase, net of securities purchased under agreements to resell

-

-

-

-

-

-

-

-

-

-

-

13,951

-2,050

Securities and spot commodities sold but not yet purchased

-

-

-

-

-

-

-

-

-

-

-

-2,027

633

Finance receivables and other loans held for sale - originations and purchases

-

-

-

-

-

-

-

-

-

-

-

-

651

Sales of finance receivables and other loans - held for sale

-

-

-

-

-

-

-

-

-

-

-

-

283

Other, net

-

-

-

-

-

-

-

-

-

-

-

-959

-224

Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities

-5,049

-42

-1,758

3,761

655

-2,567

3,143

-23

-22,314

-7,093

24,670

81,257

20,845

Net cash provided by (used in) operating activities - continuing operations

-

-

-

-

-

-

-

-

-3,451

6,161

12,283

-12,089

25,454

Net cash provided by (used in) operating activities discontinued operations

-

-

-

-

-

-

-

-

3,370

10,436

6,301

11,967

7,338

Net cash used in operating activities

-928

61

-7,818

3,502

2,877

5,007

5,865

3,676

-81

16,597

18,584

-122

32,792

Cash flows from investing activities:
Sales or distribution of:
Available for sale securities

22,145

25,143

31,082

30,103

28,721

25,526

36,050

39,818

43,961

56,211

39,969

91,741

74,374

Proceeds from Sale of Trading Securities Held-for-investment

7,918

3,755

3,792

4,164

6,055

4,930

5,134

17,814

9,867

6,363

12,493

22,418

-

Other invested assets

4,185

4,365

6,913

8,447

8,002

3,884

6,442

19,012

7,936

8,424

10,745

16,354

13,618

Divested businesses, net

2

10

792

2,809

0

2,348

0

-

587

21,760

5,278

-

-

Maturities of fixed maturity securities available for sale

25,488

24,777

29,011

25,749

24,734

25,560

26,048

21,449

20,062

14,609

15,778

14,744

41,694

Principal payments received on and sales of mortgage and other loans receivable

5,826

4,272

5,742

6,074

5,104

3,856

3,420

3,313

3,207

5,259

9,195

4,357

6,675

Purchases of:
Principal payments received on and sales of finance receivables held for investment

-

-

-

-

-

-

-

-

-

-

-

5,786

5,051

Funding to establish Maiden Lane III LLC

-

-

-

-

-

-

-

-

-

-

-

5,000

-

Available for sale securities

54,410

44,109

49,856

54,978

48,848

45,552

63,339

53,536

90,627

78,886

58,859

94,981

113,403

Payments to Acquire Trading Securities Held-for-investment

1,638

1,318

1,147

935

2,704

472

2,040

13,373

1,253

3,380

4,854

19,717

-

Other invested assets

3,346

2,839

2,874

3,421

3,573

4,078

7,242

6,402

6,675

7,579

10,270

21,569

29,421

Mortgage and Other Loans Receivable Issued

9,515

10,286

9,369

10,651

10,140

8,008

5,266

3,256

2,600

2,990

6,283

3,422

9,414

Payments To Acquire Businesses Net Of Cash Acquired

0

5,717

0

0

-

-

-

-

-

-

-

-

-

Change in securities lending invested collateral

-

-

-

-

-

-

-

-

-

-

-

-

-10,562

Finance receivables held for investment - originations and purchases

-

-

-

-

-

-

-

-

-

-

-

6,420

6,421

Net additions to real estate, fixed assets, and other assets

-

-

-

-

-

-

-

-

-

-

-

1,023

678

Net change in restricted cash

-

-

-

-

-1,457

1,447

-1,244

-414

-27,244

27,026

250

2,362

-

Net change in derivative assets and liabilities other than Capital Markets

-

-

-

-

-

-

-

-

-

-

-

-

-204

Increase (Decrease) in Short-term Investments, Net

3,633

-1,524

-2,098

3,089

-1,163

-8,760

-7,842

8,109

-19,988

2,446

9,021

4,421

13,075

Net change in derivative assets and liabilities other than AIGFP

-

-

-

-

-

-

-

-

-

-

127

1,289

-

Other, net

-1,503

-200

2,143

1,020

1,509

1,023

1,194

532

-273

167

-2,612

-48,205

-281

Net Cash Provided by (Used in) Investing Activities, Continuing Operations

-

-

-

-

-

-

-

-

31,970

-9,848

6,406

43,401

-41,077

Net cash provided by (used in) investing activities - discontinued operations

-

-

-

-

-

-

-

-

4,478

-64

-628

3,775

-26,164

Net cash provided by (used in) investing activities

-5,475

-223

14,041

3,252

8,462

14,284

7,099

16,612

36,448

-9,912

5,778

47,176

-67,241

Cash flows from financing activities:
Payments for (Proceeds from) Financing Activities [Abstract]
Additions to Contract Holders Funds

22,307

24,178

17,908

18,100

17,029

16,829

15,772

13,288

17,903

19,570

21,546

23,713

26,489

Change in securities lending payable

-

-

-

-

-

-

-

-

-

-

-

-

9,884

Change in other deposits

-

-

-

-

-

-

-

-

-

-

-

-

-333

Policyholder contract withdrawals

17,556

17,999

15,785

14,041

14,619

15,110

16,319

13,978

13,570

14,897

26,258

36,875

35,639

Issuance of long-term debt

3,881

4,734

3,356

5,954

6,867

6,687

5,235

8,612

7,762

3,342

3,452

107,324

95,414

Repayments of Long-term Debt

3,202

3,672

3,698

4,082

9,805

16,160

14,197

11,101

17,810

7,986

19,451

134,219

74,792

Proceeds from issuance of Series D preferred stock

-

-

-

-

-

-

-

-

-

-

-

40,000

-

Proceeds from drawdown on the Department of the Treasury Commitment

-

-

-

-

-

-

-

-

20,292

2,199

5,344

-

-

Repayment of Department of the Treasury SPV Preferred Interests

-

-

-

-

-

-

-

8,636

12,425

-

-

-

-

Repayment of FRBNY SPV Preferred Interests

-

-

-

-

-

-

-

-

26,432

-

-

-

-

Issuance of Common Stock

-

-

-

-

-

-

-

-

5,055

-

-

7,343

-

FRBNY credit facility repayments

-

-

-

-

-

-

-

-

14,622

23,178

26,426

59,850

-

Proceeds From Repayments Of Short Term Debt

-

-

-

-

-

-

-

-

-

-

-11,072

-8,912

524

Proceeds From Issuance Of Preferred Stock And Preference Stock

485

0

0

-

-

-

-

-

-

-

-

-

-

FRBNY credit facility borrowings

-

-

-

-

-

-

-

-

-

19,900

32,526

96,650

-

Change in Federal Reserve Bank of New York Commercial Paper Funding Facility borrowings

-

-

-

-

-

-

-

-

-

-

-

15,061

-

Acquisition of treasury stock

0

1,739

6,275

11,460

10,691

4,902

597

13,000

70

-

-

-

-

Payments Of Dividends Preferred Stock And Preference Stock

22

0

0

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

1,114

1,138

1,172

1,372

1,028

712

294

-

-

-

-

1,628

1,881

Payments advanced to purchase shares

-

-

-

-

-

-

-

-

-

-

-

1,000

6,000

Other, net

1,600

-3,570

-31

68

818

-6,420

-1,358

4,251

-1,067

-5,967

-671

-72,800

2,244

Net cash provided by (used in) financing activities - continuing operations

-

-

-

-

-

-

-

-

-34,984

-7,017

-21,010

-25,193

15,910

Net cash provided by (used in) financing activities - discontinued operations

-

-

-

-

-

-

-

-

-1,942

-2,244

-7,987

-15,541

19,183

Net cash provided by financing activities

6,379

794

-5,697

-6,833

-11,429

-19,788

-11,758

-20,564

-36,926

-9,261

-28,997

-40,734

35,093

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

16

-11

-29

55

-39

-74

-92

16

29

39

533

38

50

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

-8

621

497

-24

-129

-571

1,114

-260

-530

-2,537

-4,102

6,358

694

Cash at end of period - businesses held for sale

-63

0

133

-

-

-

-

-

-

-

-

-

-

Supplementary disclosure of cash flow information:
Reclassification to assets held for sale

-

-

-

-

-

-

-

-

-

-305

-140

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-7,437

8,818

Taxes

-

-

-

-

-

-

-

-

-

-

-

-617

5,163

Consideration received for preferred stock not yet issued

-

-

-

-

-

-

-

-

-

-

-

23,000

-

Interest credited to policyholder contract deposits included in financing activities

-

-

-

-

-

-

-

-

-

-

-

2,566

11,628

Treasury stock acquired using payments advanced to purchase shares

-

-

-

-

-

-

-

-

-

-

-

1,912

5,088

Present value of future contract adjustment payments related to issuance of equity units

-

-

-

-

-

-

-

-

-

-

-

431

-