MetLife, Inc. MET Cash Flow

Metlife, inc. (MET)

CashFlow / Yearly

Dec'19	Dec'18	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 (Loss), Including Portion Attributable to Noncontrolling Interest
5,909	5,128	4,020	854	5,385	6,336	3,393	1,362	6,415	2,663	-2,447	3,278	4,465
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expenses
630	628	795	652	693	713	714	596	679	585	520	375	457
Amortization of premiums and accretion of discounts associated with investments, net
999	1,013	1,044	1,110	1,141	611	167	426	477	1,078	967	939	-955
(Gains) losses on investments and from sales of businesses, net
444	-298	-363	183	560	-202	155	-332	-	-	-	-	-
(Gains) losses on derivatives, net
135	207	-3,610	-8,779	-1,371	21	-5,122	-3,187	3,181	-854	-7,715	1,127	619
(Income) loss from equity method investments, net of dividends or distributions
-254	-251	-194	-475	-481	-327	-99	-108	-315	-48	-1,279	-	-
Interest credited to policyholder account balances
6,464	4,013	6,260	6,282	5,610	6,943	8,179	-7,729	-5,603	-4,925	-4,852	-4,911	5,790
Universal life and investment-type product policy fees
5,603	5,502	7,708	9,207	9,507	9,946	9,451	8,556	7,806	6,037	5,218	5,462	-5,310
Undistributed equity earnings of real estate joint ventures and other limited partnership interests
-	-	-	-	-	-	-	-	-	-	-	-679	-606
Interest credited to bank deposits
-	-	-	-	-	-	-	78	95	137	-163	-166	200
Goodwill impairment
-	-	-	260	0	0	-	1,868	0	0	-	-	-
Change in contractholder-directed equity securities and fair value option securities
139	-2,212	436	-111	-784	739	1,433	-1,900	-648	1,369	1,152	418	200
Change in residential mortgage loans held-for-sale, net
-	-	-	-	-	-	-373	-3,370	4,530	487	800	1,946	0
Change in mortgage servicing rights
-	-	-	-	-	-	-	-153	60	165	687	185	0
Change in accrued investment income
-8	121	280	31	-138	-207	-293	-219	-525	206	110	-428	-275
Change in premiums, reinsurance and other receivables
514	1,809	991	2,158	831	650	582	109	-58	1,023	1,653	1,929	-283
Change in deferred policy acquisition costs and value of business acquired, net
463	249	693	937	-488	-1,134	920	1,139	591	370	1,609	-545	-1,178
Change in income tax
233	940	-2,796	-1,522	715	2,075	871	-883	1,742	1,231	-2,681	920	101
Change in other assets
-426	-260	-691	-3,248	-2,752	-2,573	-1,767	-2,951	-2,360	-1,948	660	-5,737	582
Change in insurance-related liabilities and policy-related balances
7,803	7,454	8,511	6,321	6,408	5,847	6,897	5,918	7,081	6,491	6,403	5,307	5,463
Change in other liabilities
71	-483	1,603	2,801	1,172	1,885	1,008	-1,699	1,136	-315	865	163	581
Other, net
285	-62	184	139	94	101	123	201	-261	-153	16	199	51
Net cash provided by (used in) operating activities
13,786	11,738	12,283	14,774	14,052	16,376	16,131	17,160	10,273	7,985	3,797	10,702	9,902
Cash flows from investing activities
Sales, maturities and repayments of fixed maturity securities available-for-sale
77,820	106,677	95,945	150,658	146,732	118,526	117,523	103,823	104,302	86,529	64,428	102,250	112,062
Sales, maturities and repayments of equity securities
294	342	1,433	1,241	1,117	490	725	1,140	2,006	1,371	2,545	2,707	1,738
Sales, maturities and repayments of mortgage loans
12,838	9,918	10,353	12,977	12,647	14,128	12,881	14,673	13,486	6,361	5,769	6,077	9,854
Sales, maturities and repayments of real estate and real estate joint ventures
1,123	1,227	972	826	3,256	1,012	356	1,018	1,296	322	43	140	664
Sales, maturities and repayments of other limited partnership interests
625	675	1,082	1,542	1,827	823	807	974	1,121	522	947	593	1,121
Purchases of fixed maturity securities available-for-sale
87,455	105,401	105,683	146,397	148,799	130,197	117,826	115,793	116,939	100,713	83,940	86,874	112,534
Purchases of equity securities
130	235	920	1,006	996	530	943	627	1,481	949	1,986	1,494	2,883
Purchases of mortgage loans
17,657	17,059	14,374	21,017	20,449	17,464	14,677	11,442	14,694	8,967	4,692	10,096	14,365
Purchases of real estate and real estate joint ventures
1,962	1,118	1,446	1,515	1,298	2,282	1,880	1,942	1,534	786	579	1,170	2,228
Purchases of other limited partnership interests
1,674	1,406	1,486	1,313	1,429	1,764	1,356	1,323	1,147	1,008	803	1,643	2,041
Cash received in connection with freestanding derivatives
2,914	3,778	5,315	4,259	2,690	1,760	1,567	1,933	2,815	1,814	3,292	8,168	-
Cash paid in connection with freestanding derivatives
3,749	4,173	8,696	6,963	4,211	4,003	6,710	3,258	3,478	2,548	5,393	6,454	-
Cash received under repurchase agreements
-	-	-	-	199	0	0	-	-	-	-	-	-
Cash paid under repurchase agreements
-	-	-	-	199	0	0	-	-	-	-	-	-
Cash received under reverse repurchase agreements
-	-	-	-	199	0	0	-	-	-	-	-	-
Cash paid under reverse repurchase agreements
-	-	-	-	199	0	0	-	-	-	-	-	-
Net change in securitized reverse residential mortgage loans
-	-	-	-	-	-	-	1,198	0	0	-	-	-
Cash disposed due to distribution of Brighthouse
0	0	663	0	0	-	-	-	-	-	-	-	-
Sales of businesses, net of cash and cash equivalents disposed of $0, $0 and $135, respectively
-	-	-	156	0	436	393	576	126	0	-50	-4	-694
Sale of bank deposits
-	-	-	-	-	-	6,395	0	0	-	-	-	-
Sale of interest in joint venture
-	-	-	-	-	-	-	-	265	0	0	-	-
Disposal of subsidiary
-	-	-	-	-	-	-	-	4	0	-19	-313	0
Purchases of businesses
32	0	211	0	0	-	1,840	16	163	3,021	0	469	43
Purchases of investments in operating joint ventures
-	-	-	-	0	277	0	0	-	-	-	-	-
Net change in policy loans
-5	37	67	-195	-287	27	112	111	66	225	259	467	190
Net change in short-term investments
-152	-870	-2,087	-1,270	777	-5,167	-2,955	-593	7,949	-3,033	-5,534	11,269	-55
Net change in other invested assets
567	-340	171	306	936	512	547	791	19	-148	-1,394	2,206	1,020
Other, net
131	32	346	457	59	341	86	158	169	186	160	147	140
Net cash provided by (used in) investing activities
-17,586	-5,634	-16,876	-5,850	-10,398	-15,055	-15,165	-11,929	-22,218	-18,303	-13,929	-2,671	-10,644
Cash flows from financing activities
Policyholder account balances: Deposits
92,122	92,327	88,511	88,188	92,904	89,520	79,193	91,284	91,946	74,296	77,517	70,051	54,977
Policyholder account balances: Withdrawals
85,598	88,061	82,380	83,263	94,621	88,037	84,874	86,994	87,625	69,739	79,799	56,406	51,903
Net change in payables for collateral under securities loaned and other transactions
2,019	-821	903	-3,636	1,544	5,031	-3,276	-29	6,444	3,076	-6,863	-13,077	-1,710
Cash received for other transactions with tenors greater than three months
125	200	0	0	-	-	-	-	-	-	-	-	-
Cash paid for other transactions with tenors greater than three months
200	0	0	-	-	-	-	-	-	-	-	-	-
Net change in bank deposits
-	-	-	-	-	-	-	-4,169	96	-32	3,164	2,185	-305
Net change in short-term debt
-	-	-	-	-	-75	75	-586	380	-606	-1,747	1,992	-782
Long-term debt issued
1,382	24	3,657	0	3,893	1,000	1,372	750	1,346	5,090	2,961	339	726
Long-term debt repaid
906	1,871	1,073	1,279	1,438	2,862	1,746	1,702	2,042	1,061	555	422	286
Collateral financing arrangements issued
-	-	-	-	-	-	-	-	-	-	105	310	4,882
Collateral financing arrangement repaid
67	61	2,951	68	57	0	0	349	502	0	0	-	0
Distribution of Brighthouse
0	0	2,793	0	0	-	-	-	-	-	-	-	-
Financing element on certain derivative instruments and other derivative related transactions, net
126	-144	151	1,367	-181	747	-	-	-	-	-	-	-
Net change in liability for securitized reverse residential mortgage loans
-	-	-	-	-	-	-	1,198	0	0	-	-	-
Cash received in connection with redeemable noncontrolling interests
-	-	-	-	-	-	774	0	0	-	775	0	-
Common stock issued, net of issuance costs
-	-	-	-	-	1,000	1,000	1,000	2,950	3,529	0	290	0
Cash received (paid) in connection with collateral financing arrangements
-	-	-	-	-	-	-	-44	37	0	400	-800	0
Treasury stock acquired in connection with share repurchases
2,285	3,992	2,927	372	1,930	1,000	0	0	-	-	-	1,250	1,705
Proceeds from Issuance of Preferred Stock and Preference Stock
0	1,274	0	0	1,483	0	0	-	-	-	-	-	-
Repurchase of preferred stock
-	-	-	-	1,460	0	0	-	-	-	-	-	-
Preferred stock repurchase premium
-	-	-	-	42	0	0	-	-	-	-	-	-
Junior subordinated debt securities issued
-	-	-	-	-	-	-	-	-	-	500	750	694
Shares subject to mandatory redemption
-	-	-	-	-	-	-	-	-	-	-	-	131
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	30	34	14
Stock options exercised
-	-	-	-	-	-	-	-	-	-	8	-	110
Redemption of convertible preferred stock
-	-	-	-	-	-	-	-	2,805	0	0	-	-
Preferred stock redemption premium
-	-	-	-	-	-	-	-	146	0	0	-	-
Common stock issued to settle stock forward contracts
-	-	-	-	-	-	-	-	-	-	1,035	0	0
Treasury stock issued in connection with common stock issuance, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	1,936	0
Treasury stock issued to settle stock forward contracts
-	-	-	-	-	-	-	-	-	-	-	-1,035	0
Dividends on preferred stock
178	141	103	103	116	122	122	122	122	122	122	125	137
Dividends on common stock
1,643	1,678	1,717	1,736	1,653	1,499	1,119	811	787	784	610	592	541
Other, net
-77	-145	118	139	94	47	-184	609	212	-266	-42	7	67
Net cash provided by (used in) financing activities
4,568	-2,801	-906	-3,497	-1,218	2,256	-8,907	35	9,382	13,381	-4,103	6,189	3,942
Effect of change in foreign currency exchange rates on cash and cash equivalents balances
9	-183	323	-302	-492	-354	-212	11	-22	-129	108	-349	61
Change in cash and cash equivalents
777	3,120	-5,176	5,125	1,944	3,223	-8,153	5,277	-2,585	2,934	-14,127	13,871	3,261
Supplemental disclosures of cash flow information
Net cash paid for Interest
964	1,130	1,118	1,202	1,178	1,213	1,270	1,335	1,565	1,489	989	1,107	1,011
Net cash paid (received) for Income tax
1,099	1,935	1,530	672	1,127	748	677	554	676	-23	397	27	2,128
Non-cash transactions:
Fixed maturity securities available-for-sale received in connection with pension risk transfer transactions
637	3,016	0	985	903	0	0	-	-	-	-	-	-
Operating lease liability associated with the recognition of right-of-use assets
341	0	0	-	-	-	-	-	-	-	-	-	-
Reduction of long-term debt
0	944	0	0	571	413	0	0	-	-	-	-	-
Reduction of fair value option securities
0	1,030	0	0	-	-	-	-	-	-	-	-	-
Reclassification of certain equity securities to other invested assets
0	792	0	-	-	-	-	-	-	-	-	-	-
Assets acquired
-	-	-	-	-	-	2,988	595	327	125,728	0	-	-
Liabilities assumed
-	-	-	-	-	-	972	579	94	109,306	0	-	-
Noncontrolling interests assumed
-	-	-	-	-	-	176	0	0	-	-	-	-
Cash paid, excluding transaction costs of $0, $0 and $17, respectively
-	-	-	-	-	-	-1,840	-16	-233	7,196	0	-783	-
Reduction of fixed maturity securities available-for-sale in connection with a reinsurance transaction
-	-	-	224	0	0	-	-	-	-	-	-	-
Reduction of other invested assets in connection with a reinsurance transaction
-	-	-	676	0	0	-	-	-	-	-	-	-
Reduction of fixed maturity securities available-for-sale
-	-	-	917	0	0	-	-	-	-	-	-	-
Reduction of noncontrolling interests
-	-	-	373	0	0	-	-	-	-	-	-	-
Assets disposed
-	-	-	-	-	-	-	-	-	-	-	22,135	0
Liabilities disposed
-	-	-	-	-	-	-	-	-	-	-	-20,689	0
Net assets disposed
-	-	-	-	-	-	-	-	-	-	-	1,446	0
Cash disposed
-	-	-	-	-	-	-	-	-	-	-	270	0
Transaction costs, including cash paid of $0, $19 and $43, respectively
-	-	-	-	-	-	-	-	-	-	-	60	0
Treasury stock received in common stock exchange
-	-	-	-	-	-	-	-	-	-	-	1,318	0
Loss on disposal of subsidiary
-	-	-	-	-	-	-	-	-	-	-	458	0
Fixed maturity securities redeemed
-	-	-	-	-	-	-	-	-	-	32	32	0
Long-term debt issued
-	-	-	-	-	-	-	-	-	-	1,035	1,035	0
Junior subordinated debt securities redeemed
-	-	-	-	-	-	-	-	-	-	1,067	1,067	0
Purchase money mortgages on sales of real estate joint ventures
-	-	-	-	-	-	-	-	-	2	93	0	-
Real estate and real estate joint ventures acquired in satisfaction of debt
-	-	-	-	-	-	-	553	292	93	-	1	1
Collateral financing arrangements repaid
-	-	-	-	-	-	-	102	148	0	0	-	-
Redemption of advances agreements in long-term debt
-	-	-	-	-	-	-	3,806	0	0	-	-	-
Issuance of funding agreements in policyholder account balances
-	-	-	-	-	-	-	3,806	0	0	-	-	-
Reduction of redeemable noncontrolling interests
-	-	-	-	-	774	0	0	-	-	-	-	-
Reduction of real estate and real estate joint ventures
-	-	-	-	688	1,132	0	0	-	-	211	-	-
Contribution of equity securities to MetLife Foundation
-	-	-	-	-	-	-	-	-	-	-	-	12
Purchase money mortgages on real estate sale
-	-	-	-	-	-	-	-	-	-	-	-	0
Fixed maturity securities received in connection with insurance contract commutation
-	-	-	-	-	-	-	-	-	-	-	115	0