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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 2,077 | 2,094 | 1,478 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 585 | 588 | 597 |
| Realized investment (gains) losses | (57) | (154) | (213) |
| Deferred income taxes | 21 | (22) | 197 |
| Net changes in assets and liabilities, net of non-operating effects: | |||
| Premiums, accounts and notes receivable | (945) | (780) | (110) |
| Reinsurance recoverables | 55 | 22 | 369 |
| Deferred policy acquisition costs | (182) | (176) | (227) |
| Other assets | 16 | (265) | 405 |
| Insurance liabilities | 657 | 457 | 1,040 |
| Accounts payable, accrued expenses and other liabilities | 423 | 202 | (483) |
| Current income taxes | (25) | 111 | (56) |
| Loss on extinguishment of debt | 100 | 0 | 0 |
| Cash used to exit run-off reinsurance business | 0 | 0 | (2,196) |
| Other, net | (8) | (83) | (82) |
| Net cash provided by / (used in) operating activities | 2,717 | 1,994 | 719 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Fixed maturities and equity securities | 1,555 | 1,769 | 1,775 |
| Investment maturities and repayments: | |||
| Fixed maturities and equity securities | 1,435 | 1,640 | 1,621 |
| Commercial mortgage loans | 640 | 453 | 653 |
| Other sales, maturities and repayments (primarily short-term and other long-term investments) | 1,297 | 2,706 | 1,661 |
| Investments purchased or originated: | |||
| Fixed maturities and equity securities | (4,234) | (5,424) | (3,062) |
| Commercial mortgage loans | (500) | (287) | (58) |
| Other (primarily short-term and other long-term investments) | (1,183) | (2,115) | (1,930) |
| Property and equipment purchases | (510) | (473) | (527) |
| Acquisitions, net of cash acquired | (99) | 0 | (76) |
| Other, net | 0 | (24) | (42) |
| Net cash provided by/ (used in) investing activities | (1,599) | (1,755) | 15 |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 1,429 | 1,482 | 1,399 |
| Withdrawals and benefit payments from contractholder deposit funds | (1,359) | (1,456) | (1,358) |
| Net change in short-term debt | (21) | (112) | (101) |
| Net proceeds on issuance of long-term debt | 894 | 0 | 0 |
| Repayment of long-term debt | (938) | 0 | (15) |
| Repurchase of common stock | (671) | (1,612) | (1,003) |
| Issuance of common stock | 154 | 110 | 150 |
| Other, net | (18) | 6 | (2) |
| Net cash provided by / (used in) financing activities | (530) | (1,582) | (930) |
| Effect of foreign currency rate changes on cash and cash equivalents | (40) | (32) | 13 |
| Net increase (decrease) in cash and cash equivalents | 548 | (1,375) | (183) |
| Cash and cash equivalents, January 1 | 1,420 | 2,795 | |
| Cash and cash equivalents, December 31 | 1,968 | 1,420 | 2,795 |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | 1,194 | 1,085 | 519 |
| Interest paid | 245 | 259 | 265 |
| External Links | |
| CIGNA CORP (CI) Fiscal Year 2015 | |
| 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 |