| (in millions) |
American International Group, Inc. (As Guarantor) |
AIGLH |
Other Subsidiaries and Eliminations |
Consolidated AIG |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Year Ended December 31, 2013 |
|||||||||||||
|
Net cash (used in) provided by operating activities |
6,422 | 4,488 | (5,045 | ) | 5,865 | ||||||||
|
Cash flows from investing activities: |
|||||||||||||
|
Sales of investments |
1,425 | – | 75,669 | 77,094 | |||||||||
|
Purchase of investments |
(5,506 | ) | – | (72,381 | ) | (77,887 | ) | ||||||
|
Loans to subsidiaries – net |
3,660 | – | (3,660 | ) | – | ||||||||
|
Contributions to subsidiaries – net |
(2,081 | ) | (1 | ) | 2,082 | – | |||||||
|
Net change in restricted cash |
493 | – | 751 | 1,244 | |||||||||
|
Net change in short-term investments |
2,361 | – | 5,481 | 7,842 | |||||||||
|
Other, net |
130 | – | (1,324 | ) | (1,194 | ) | |||||||
|
Net cash (used in) provided by investing activities |
482 | (1 | ) | 6,618 | 7,099 | ||||||||
|
Cash flows from financing activities: |
|||||||||||||
|
Issuance of long-term debt |
2,015 | – | 3,220 | 5,235 | |||||||||
|
Repayments of long-term debt |
(7,439 | ) | (245 | ) | (6,513 | ) | (14,197 | ) | |||||
|
Purchase of Common Stock |
(597 | ) | – | – | (597 | ) | |||||||
|
Intercompany loans – net |
(123 | ) | (273 | ) | 396 | – | |||||||
|
Cash dividends paid |
(294 | ) | (3,991 | ) | 3,991 | (294 | ) | ||||||
|
Other, net |
(517 | ) | – | (1,388 | ) | (1,905 | ) | ||||||
|
Net cash (used in) financing activities |
(6,955 | ) | (4,509 | ) | (294 | ) | (11,758 | ) | |||||
|
Effect of exchange rate changes on cash |
– | – | (92 | ) | (92 | ) | |||||||
|
Change in cash |
(51 | ) | (22 | ) | 1,187 | 1,114 | |||||||
|
Cash at beginning of year |
81 | 73 | 997 | 1,151 | |||||||||
|
Change in cash of businesses held for sale |
– | – | (24 | ) | (24 | ) | |||||||
|
Cash at end of year |
$ | 30 | $ | 51 | $ | 2,160 | $ | 2,241 | |||||
| |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Year Ended December 31, 2012 |
|||||||||||||
|
Net cash (used in) provided by operating activities |
(825 | ) | 2,682 | 1,819 | 3,676 | ||||||||
|
Cash flows from investing activities: |
|||||||||||||
|
Sales of investments |
16,874 | – | 84,532 | 101,406 | |||||||||
|
Purchase of investments |
(4,406 | ) | – | (72,161 | ) | (76,567 | ) | ||||||
|
Loans to subsidiaries – net |
5,126 | – | (5,126 | ) | – | ||||||||
|
Contributions to subsidiaries – net |
(152 | ) | – | 152 | – | ||||||||
|
Net change in restricted cash |
(377 | ) | – | 791 | 414 | ||||||||
|
Net change in short-term investments |
(2,029 | ) | – | (6,080 | ) | (8,109 | ) | ||||||
|
Other, net |
259 | – | (791 | ) | (532 | ) | |||||||
|
Net cash provided by investing activities |
15,295 | – | 1,317 | 16,612 | |||||||||
|
Cash flows from financing activities: |
|||||||||||||
|
Issuance of long-term debt |
3,754 | – | 4,858 | 8,612 | |||||||||
|
Repayments of long-term debt |
(3,238 | ) | – | (7,863 | ) | (11,101 | ) | ||||||
|
Intercompany loans – net |
(2,032 | ) | (2,622 | ) | 4,654 | – | |||||||
|
Purchase of common stock |
(13,000 | ) | – | – | (13,000 | ) | |||||||
|
Other, net |
(49 | ) | – | (5,026 | ) | (5,075 | ) | ||||||
|
Net cash (used in) financing activities |
(14,565 | ) | (2,622 | ) | (3,377 | ) | (20,564 | ) | |||||
|
Effect of exchange rate changes on cash |
– | – | 16 | 16 | |||||||||
|
Change in cash |
(95 | ) | 60 | (225 | ) | (260 | ) | ||||||
|
Cash at beginning of year |
176 | 13 | 1,285 | 1,474 | |||||||||
|
Reclassification to assets held for sale |
– | – | (63 | ) | (63 | ) | |||||||
|
Cash at end of year |
$ | 81 | $ | 73 | $ | 997 | $ | 1,151 | |||||
| (in millions) |
American International Group, Inc. (As Guarantor) |
AIGLH |
Other Subsidiaries and Eliminations |
Consolidated AIG |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Year Ended December 31, 2011 |
|||||||||||||
|
Net cash (used in) provided by operating activities |
$ | (5,600 | ) | $ | 1,277 | $ | 872 | $ | (3,451 | ) | |||
|
Net cash provided by operating activities – discontinued operations |
– | – | 3,370 | 3,370 | |||||||||
|
Net cash (used in) provided by operating activities |
(5,600 | ) | 1,277 | 4,242 | (81 | ) | |||||||
|
Cash flows from investing activities: |
|||||||||||||
|
Sales of investments |
2,565 | – | 82,468 | 85,033 | |||||||||
|
Sales of divested businesses, net |
1,075 | – | (488 | ) | 587 | ||||||||
|
Purchase of investments |
(19 | ) | – | (101,136 | ) | (101,155 | ) | ||||||
|
Loans to subsidiaries – net |
3,757 | – | (3,757 | ) | – | ||||||||
|
Contributions to subsidiaries – net |
(15,973 | ) | (2 | ) | 15,975 | – | |||||||
|
Net change in restricted cash |
1,945 | – | 25,299 | 27,244 | |||||||||
|
Net change in short-term investments |
(7,130 | ) | – | 27,118 | 19,988 | ||||||||
|
Other, net |
1,543 | – | (1,270 | ) | 273 | ||||||||
|
Net cash (used in) provided by investing activities |
(12,237 | ) | (2 | ) | 44,209 | 31,970 | |||||||
|
Net cash provided by investing activities – discontinued operations |
– | – | 4,478 | 4,478 | |||||||||
|
Net cash (used in) provided by investing activities |
(12,237 | ) | (2 | ) | 48,687 | 36,448 | |||||||
|
Cash flows from financing activities: |
|||||||||||||
|
FRBNY credit facility repayments |
(14,622 | ) | – | – | (14,622 | ) | |||||||
|
Issuance of long-term debt |
2,135 | – | 5,627 | 7,762 | |||||||||
|
Repayments of long-term debt |
(6,181 | ) | – | (11,629 | ) | (17,810 | ) | ||||||
|
Proceeds from drawdown on the Department of the Treasury Commitment* |
20,292 | – | – | 20,292 | |||||||||
|
Issuance of common stock |
5,055 | – | – | 5,055 | |||||||||
|
Intercompany loans – net |
11,519 | (1,262 | ) | (10,257 | ) | – | |||||||
|
Purchase of common stock |
(70 | ) | – | – | (70 | ) | |||||||
|
Other, net |
(164 | ) | – | (35,427 | ) | (35,591 | ) | ||||||
|
Net cash (used in) provided by financing activities |
17,964 | (1,262 | ) | (51,686 | ) | (34,984 | ) | ||||||
|
Net cash (used in) financing activities – discontinued operations |
– | – | (1,942 | ) | (1,942 | ) | |||||||
|
Net cash (used in) provided by financing activities |
17,964 | (1,262 | ) | (53,628 | ) | (36,926 | ) | ||||||
|
Effect of exchange rate changes on cash |
– | – | 29 | 29 | |||||||||
|
Change in cash |
127 | 13 | (670 | ) | (530 | ) | |||||||
|
Cash at beginning of year |
49 | – | 1,509 | 1,558 | |||||||||
|
Change in cash of businesses held for sale |
– | – | 446 | 446 | |||||||||
|
Cash at end of year |
$ | 176 | $ | 13 | $ | 1,285 | $ | 1,474 | |||||
* Includes activities related to the Recapitalization. See Note 24 herein.