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: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 26, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 2,094 | 1,478 | 1,624 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 588 | 597 | 560 |
| Realized investment (gains) losses | (154) | (213) | (44) |
| Deferred income taxes | (22) | 197 | 134 |
| Net changes in assets and liabilities, net of non-operating effects: | |||
| Premiums, accounts and notes receivable | (780) | (110) | (71) |
| Reinsurance recoverables | 22 | 369 | 62 |
| Deferred policy acquisition costs | (176) | (227) | (159) |
| Other assets | (265) | 405 | 31 |
| Insurance liabilities | 457 | 1,040 | 245 |
| Accounts payable, accrued expenses and other liabilities | 202 | (483) | (132) |
| Current income taxes | 111 | (56) | 29 |
| Cash used to exit Run-off Reinsurance business | 0 | (2,196) | 0 |
| Proceeds from sales of mortgage loans held for sale | 0 | 0 | 61 |
| Other, net | (83) | (82) | 10 |
| Net cash provided by / (used in) operating activities | 1,994 | 719 | 2,350 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Fixed maturities and equity securities | 1,769 | 1,775 | 591 |
| Investment maturities and repayments: | |||
| Fixed maturities and equity securities | 1,640 | 1,621 | 1,507 |
| Commercial mortgage loans | 453 | 653 | 722 |
| Other sales, maturities and repayments (primarily short-term and other long-term investments) | 2,706 | 1,661 | 831 |
| Investments purchased or originated: | |||
| Fixed maturities and equity securities | (5,424) | (3,062) | (2,334) |
| Commercial mortgage loans | (287) | (58) | (364) |
| Other (primarily short-term and other long-term investments) | (2,115) | (1,930) | (821) |
| Property and equipment purchases | (473) | (527) | (408) |
| Acquisitions, net of cash acquired | 0 | (76) | (3,581) |
| Other, net | (24) | (42) | 0 |
| Net cash provided by/ (used in) investing activities | (1,755) | 15 | (3,857) |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 1,482 | 1,399 | 1,337 |
| Withdrawals and benefit payments from contractholder deposit funds | (1,456) | (1,358) | (1,264) |
| Net change in short-term debt | (112) | (101) | 98 |
| Repayment of long-term debt | 0 | (15) | (326) |
| Repurchase of common stock | (1,612) | (1,003) | (208) |
| Issuance of common stock | 110 | 150 | 121 |
| Common dividends paid | (11) | (11) | (11) |
| Other, net | 17 | 9 | 25 |
| Net cash (used in) / provided by financing activities | (1,582) | (930) | (228) |
| Effect of foreign currency rate changes on cash and cash equivalents | (32) | 13 | 23 |
| Net increase (decrease) in cash and cash equivalents | (1,375) | (183) | (1,712) |
| Cash and cash equivalents, beginning of year | 2,795 | 2,978 | |
| Cash and cash equivalents, end of year | 1,420 | 2,795 | 2,978 |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | 1,085 | 519 | 655 |
| Interest paid | 259 | 265 | 248 |
| External Links | |
| CIGNA CORP (CI) Fiscal Year 2014 | |
| 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 |