10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CIGNA CORP | |||
Ticker: CI Fiscal Year: 2009 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 25, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 1,305 | 294 | 1,118 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| (Income) loss from Discontinued Operations | (1) | (4) | 5 |
| Insurance liabilities | (357) | 485 | (24) |
| Reinsurance recoverables | 30 | 63 | 159 |
| Deferred policy acquisition costs | (109) | (74) | (106) |
| Premiums, accounts and notes receivable | 49 | 219 | 47 |
| Other assets | 452 | (860) | (134) |
| Accounts payable, accrued expenses and other liabilities | (1,321) | 1,466 | 150 |
| Current income taxes | 55 | (72) | 10 |
| Deferred income taxes | 319 | (221) | 0 |
| Realized investment (gains) losses | 43 | 170 | (16) |
| Depreciation and amortization | 268 | 244 | 194 |
| Gains on sales of businesses (excluding discontinued operations) | (32) | (38) | (47) |
| Mortgage loans originated and held for sale | 0 | 0 | (80) |
| Proceeds from sales of mortgage loans held for sale | 1 | 1 | 76 |
| Other, net | 43 | (17) | (10) |
| Net cash provided by operating activities | 745 | 1,656 | 1,342 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Proceeds from investments sold, Fixed maturities | 927 | 1,459 | 1,012 |
| Proceeds from investments sold, Equity securities | 22 | 6 | 28 |
| Proceeds from investments sold, Commercial mortgage loans | 61 | 48 | 1,293 |
| Proceeds from investments sold, Other (primarily short-term and other long-term investments) | 910 | 492 | 260 |
| Investment maturities and repayments: | |||
| Investment maturities and repayments, Fixed maturities | 1,100 | 872 | 973 |
| Investment maturities and repayments, Commercial mortgage loans | 94 | 98 | 123 |
| Investments purchased: | |||
| Investments purchased, Fixed maturities | (2,916) | (2,681) | (2,150) |
| Investments purchased, Equity securities | (14) | (18) | (27) |
| Investments purchased, Commercial mortgage loans | (175) | (488) | (693) |
| Investments purchased, Other (primarily short-term and other long-term investments) | (1,187) | (776) | (394) |
| Property and equipment sales | 0 | 0 | 82 |
| Property and equipment purchases | (307) | (257) | (262) |
| Acquisition of Great-West Healthcare, net of cash acquired | 0 | (1,319) | 0 |
| Cash provided by investing activities of discontinued operations | 0 | 0 | 70 |
| Other (primarily other acquisitions/dispositions) | 0 | (8) | (46) |
| Net cash provided by (used in) investing activities | (1,485) | (2,572) | 269 |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 1,312 | 1,305 | 1,175 |
| Withdrawals and benefit payments from contractholder deposit funds | (1,223) | (1,214) | (1,368) |
| Change in cash overdraft position | 53 | (17) | (20) |
| Net change in short-term debt | (199) | 298 | 0 |
| Net proceeds on issuance of long-term debt | 346 | 297 | 498 |
| Repayment of long-term debt | (1) | 0 | (378) |
| Repurchase of common stock | 0 | (378) | (1,185) |
| Issuance of common stock | 30 | 37 | 248 |
| Common dividends paid | (11) | (14) | (11) |
| Net cash provided by (used in) financing activities | 307 | 314 | (1,041) |
| Effect of foreign currency rate changes on cash and cash equivalents | 15 | (26) | 8 |
| Net increase (decrease) in cash and cash equivalents | (418) | (628) | 578 |
| Cash and cash equivalents, beginning of period | 1,342 | 1,970 | |
| Cash and cash equivalents, end of period | 924 | 1,342 | 1,970 |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | 220 | 366 | 455 |
| Interest paid | 158 | 140 | 122 |
| External Links | |
| CIGNA CORP (CI) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |