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: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 23, 2012) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 1,328,000,000 | 1,349,000,000 | 1,305,000,000 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 345,000,000 | 292,000,000 | 268,000,000 |
| Realized investment (gains) losses | (62,000,000) | (75,000,000) | 43,000,000 |
| Deferred income taxes | 242,000,000 | 190,000,000 | 319,000,000 |
| Gains on sale of businesses (excluding discontinued operations) | (25,000,000) | (13,000,000) | (32,000,000) |
| Income from discontinued operations, net of taxes | 0 | 0 | (1,000,000) |
| Net changes in assets and liabilities, net of non-operating effects: | |||
| Premiums, accounts and notes receivable | (50,000,000) | 62,000,000 | 49,000,000 |
| Reinsurance recoverables | 19,000,000 | 37,000,000 | 30,000,000 |
| Deferred policy acquisition costs | (211,000,000) | (156,000,000) | (109,000,000) |
| Other assets | (317,000,000) | (3,000,000) | 452,000,000 |
| Insurance liabilities | 154,000,000 | 325,000,000 | (357,000,000) |
| Accounts payable, accrued expenses and other liabilities | 344,000,000 | (272,000,000) | (1,321,000,000) |
| Current income taxes | (246,000,000) | 2,000,000 | 55,000,000 |
| Other, net | (30,000,000) | 5,000,000 | 44,000,000 |
| Net cash provided by operating activities | 1,491,000,000 | 1,743,000,000 | 745,000,000 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Fixed maturities | 830,000,000 | 822,000,000 | 927,000,000 |
| Equity securities | 46,000,000 | 4,000,000 | 22,000,000 |
| Commercial mortgage loans | 253,000,000 | 63,000,000 | 61,000,000 |
| Other (primarily short-term and other long-term investments) | 1,915,000,000 | 1,102,000,000 | 910,000,000 |
| Investment maturities and repayments: | |||
| Fixed maturities | 1,265,000,000 | 1,084,000,000 | 1,100,000,000 |
| Commercial mortgage | 385,000,000 | 70,000,000 | 94,000,000 |
| Investments purchased: | |||
| Fixed maturities | (2,877,000,000) | (2,587,000,000) | (2,916,000,000) |
| Equity securities | (20,000,000) | (12,000,000) | (14,000,000) |
| Commercial mortgage loans | (487,000,000) | (239,000,000) | (175,000,000) |
| Other (primarily short-term and other long-term investments) | (2,056,000,000) | (810,000,000) | (1,187,000,000) |
| Property and equipment purchases | (422,000,000) | (300,000,000) | (307,000,000) |
| Acquisitions, net of cash acquired | (102,000,000) | (539,000,000) | 0 |
| Net cash used in investing activities | (1,270,000,000) | (1,342,000,000) | (1,485,000,000) |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 1,323,000,000 | 1,295,000,000 | 1,312,000,000 |
| Withdrawals and benefit payments from contractholder deposit funds | (1,178,000,000) | (1,205,000,000) | (1,223,000,000) |
| Change in cash overdraft position | (1,000,000) | 59,000,000 | 53,000,000 |
| Net change in short-term debt, primarily commercial paper | (451,000,000) | (270,000,000) | (200,000,000) |
| Issuance of long-term debt | 2,676,000,000 | 543,000,000 | 346,000,000 |
| Repurchase of common stock | (225,000,000) | (201,000,000) | 0 |
| Issuance of common stock | 734,000,000 | 64,000,000 | 30,000,000 |
| Common dividends paid | (11,000,000) | (11,000,000) | (11,000,000) |
| Net cash provided by financing activities | 2,867,000,000 | 274,000,000 | 307,000,000 |
| Effect of foreign currency rate changes on cash and cash equivalents | (3,000,000) | 6,000,000 | 15,000,000 |
| Net increase (decrease) in cash and cash equivalents | 3,085,000,000 | 681,000,000 | (418,000,000) |
| Cash and cash equivalents, January 1, | 1,605,000,000 | 924,000,000 | |
| Cash and cash equivalents, December 31, | 4,690,000,000 | 1,605,000,000 | 924,000,000 |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | 633,000,000 | 326,000,000 | 220,000,000 |
| Interest paid | 185,000,000 | 180,000,000 | 158,000,000 |
| External Links | |
| CIGNA CORP (CI) Fiscal Year 2011 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |