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AMERICAN INTERNATIONAL GROUP INC - 10-Q - 20040809 - CASH_FLOW
American International Group, Inc. and
Subsidiaries
CONSOLIDATED STATEMENT OF CASH
FLOWS
(Continued)
(in millions) (unaudited)
|
|
|
|
|
|
|
|
|
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Six Months Ended June 30,
|
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2004
|
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2003
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Cash flows from investing
activities:
|
|
|
|
|
|
|
|
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|
Cost of bonds, at market
sold
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$
|
66,702
|
|
|
$
|
54,747
|
|
|
Cost of bonds, at market
matured or redeemed
|
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|
7,128
|
|
|
|
7,655
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|
|
Cost of equity securities
sold
|
|
|
7,464
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|
|
|
4,057
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|
|
Realized capital gains
(losses)
|
|
|
(60
|
)
|
|
|
(989
|
)
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|
Purchases of fixed
maturities
|
|
|
(98,883
|
)
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|
(82,232
|
)
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Purchases of equity
securities
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|
|
(8,615
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)
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(3,610
|
)
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|
Mortgage, policy and
collateral loans granted
|
|
|
(1,283
|
)
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|
(1,110
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)
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Repayments of mortgage,
policy and collateral loans
|
|
|
1,074
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|
|
|
872
|
|
|
Sales of securities
available for sale
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|
|
1,058
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|
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|
1,554
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Maturities of securities
available for sale
|
|
|
2,097
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|
|
|
1,439
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|
|
Purchases of securities
available for sale
|
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|
(5,197
|
)
|
|
|
(3,526
|
)
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Sales of flight equipment
|
|
|
1,127
|
|
|
|
14
|
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Purchases of flight
equipment
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|
(3,369
|
)
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|
|
(3,478
|
)
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|
Net additions to real
estate and other fixed assets
|
|
|
(337
|
)
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(562
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)
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Sales or distributions of
other invested assets
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4,510
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|
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2,712
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Investments in other
invested assets
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(6,576
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)
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(4,238
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)
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Change in short-term
investments
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|
19
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|
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|
769
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Investments in partially
owned companies
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|
(1
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)
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|
221
|
|
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Finance receivable
originations and purchases
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(11,756
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)
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(5,358
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)
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Finance receivable
principal payments received
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8,840
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5,084
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Net cash used in investing
activities
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$
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(36,058
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)
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$
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(25,979
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)
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Cash flows from financing
activities:
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Receipts from
policyholders’ contract deposits
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|
$
|
27,094
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$
|
15,988
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Withdrawals from
policyholders’ contract deposits
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(11,026
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)
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(8,096
|
)
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Change in trust deposits
and deposits due to banks and other depositors
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|
222
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|
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|
310
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Change in commercial paper
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2,712
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|
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|
228
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Proceeds from notes,
bonds, loans and mortgages payable
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14,444
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|
|
|
12,883
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Repayments on notes,
bonds, loans and mortgages payable
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|
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(10,975
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)
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|
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(7,893
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)
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Proceeds from guaranteed
investment agreements
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|
|
4,318
|
|
|
|
2,672
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|
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Maturities of guaranteed
investment agreements
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|
|
(3,171
|
)
|
|
|
(2,886
|
)
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|
Redemption of subsidiary
company preferred stock
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|
|
–
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|
|
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(371
|
)
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Proceeds from common
stock issued
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|
|
90
|
|
|
|
23
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|
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Cash dividends to
shareholders
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|
|
(339
|
)
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|
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(245
|
)
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Acquisition of treasury
stock
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|
|
(380
|
)
|
|
|
(76
|
)
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Other – net
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1
|
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|
1
|
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Net cash provided by financing
activities
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$
|
22,990
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$
|
12,538
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Supplementary information:
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Taxes paid
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|
$
|
1,657
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$
|
1,181
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Interest paid
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|
$
|
2,139
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$
|
1,901
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