2007 Annual Report - AIG.com

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American International Group, Inc. and Subsidiaries Notes to Consolidated Financial Statements Continued 23. Information Provided in Connection With Outstanding Debt Continued Condensed Consolidating Statements of Cash Flow American International AIG AIG Group, Inc. Liquidity Program Other Consolidated (in millions) Guarantor AIGLH Corp. Funding, Inc. Subsidiaries AIG Year Ended December 31, 2007 Net cash provided by (used in) operating activities $ (770) $ 214 $ * $ — $ 35,727 $ 35,171 Cash flows from investing: Invested assets disposed 3,057 — — — 175,201 178,258 Invested assets acquired (9,666) — — — (235,729) (245,395) Other (4,128) — * — 3,258 (870) Net cash used in investing activities (10,737) — * — (57,270) (68,007) Cash flows from financing activities: Issuance of debt 20,582 — — — 82,628 103,210 Repayments of debt (1,253) — — — (78,823) (80,076) Payments advanced to purchase shares (6,000) — — — — (6,000) Cash dividends paid to shareholders (1,881) — — — — (1,881) Other 67 (213) * — 18,373 18,227 Net cash provided by (used in) financing activities 11,515 (213) * — 22,178 33,480 Effect of exchange rate changes on cash — — — — 50 50 Change in cash 8 1 * — 685 694 Cash at beginning of year 76 — — — 1,514 1,590 Cash at end of year $ 84 $ 1 $ * $ — $ 2,199 $ 2,284 Year Ended December 31, 2006 Net cash provided by (used in) operating activities $ (590) $ 258 $ * $ — $ 6,619 $ 6,287 Cash flows from investing: Invested assets disposed 3,402 — — — 154,704 158,106 Invested assets acquired (8,298) — — — (216,663) (224,961) Other (2,747) (67) * — 1,717 (1,097) Net cash used in investing activities (7,643) (67) * — (60,242) (67,952) Cash flows from financing activities: Issuance of debt 12,038 — — — 61,950 73,988 Repayments of debt (2,417) — — — (34,072) (36,489) Cash dividends paid to shareholders (1,638) — — — — (1,638) Other 136 (191) * — 25,438 25,383 Net cash provided by (used in) financing activities 8,119 (191) * — 53,316 61,244 Effect of exchange rate changes on cash — — — — 114 114 Change in cash (114) — * — (193) (307) Cash at beginning of year 190 — — — 1,707 1,897 Cash at end of year $ 76 $ — $ * $ — $ 1,514 $ 1,590 Year Ended December 31, 2005 Net cash provided by operating activities $ 1,854 $ 805 $ * $ — $ 20,754 $ 23,413 Cash flows from investing: Invested assets disposed — — — — 185,884 185,884 Invested assets acquired (598) — — — (245,804) (246,402) Other (1,083) (247) * — 389 (941) Net cash used in investing activities (1,681) (247) * — (59,531) (61,459) Cash flows from financing activities: Issuance of debt 2,101 — — — 64,960 67,061 Repayments of debt (607) (398) — — (51,099) (52,104) Cash dividends paid to shareholders (1,421) — — — — (1,421) Other (73) (160) * — 24,794 24,561 Net cash provided by (used in) financing activities — (558) * — 38,655 38,097 Effect of exchange rate changes on cash — — — (163) (163) Change in cash 173 — * — (285) (112) Cash at beginning of year 17 — — — 1,992 2,009 Cash at end of year $ 190 $ — $ * $ — $ 1,707 $ 1,897 * Less than $1 million. 200 AIG 2007 Form 10-K
American International Group, Inc. and Subsidiaries 24. Cash Flows As part of its ongoing remediation activities, AIG has made certain revisions to the Consolidated Statement of Cash Flows, primarily relating to the effect of reclassifying certain policyholders’ account balances, the elimination of certain intercompany balances and revisions related to separate account assets. Accordingly, AIG revised the previous periods presented to conform to the revised presentation. The revisions and their effect in the consolidated statement of cash flows for the years ended 2006 and 2005 are presented below: For the Years Ended December 31, (in millions) 2006 2005 Cash flows from operating activities — As previously reported $ 6,829 $ 25,382 Revisions (542) (1,969) Cash flows from operating activities — As revised $ 6,287 $ 23,413 Cash flows from investing activities — As previously reported $(67,040) $(62,500) Revisions (912) 1,041 Cash flows from investing activities — As revised $(67,952) $(61,459) Cash flows from financing activities — As previously reported $ 59,790 $ 37,169 Revisions 1,454 928 Cash flows from financing activities — As revised $ 61,244 $ 38,097 There was no effect on ending cash balances. AIG 2007 Form 10-K 201
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AMERICAN INTERNATIONAL GROUP, INC.
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FINANCIAL HIGHLIGHTS (in millions,
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overall financial condition, althou
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Group Executive Committee We are ad
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AIG’s life insurance network is t
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We have also begun to address the e
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WHAT WE SEE The ability to see and
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The Major Accounts Practice within
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Around the world, the middle class
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WE SEE GROWTH OPPORTUNITIES IN EMER
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To grow the strength of the AIG glo
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Since 2003, the AIG Disaster Relief
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RESPECT Respect encompasses how we
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Life Insurance & Retirement Service
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Domestic Brokerage Group— Gross P
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In the summer of 2007, widespread f
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in gross premiums written. It launc
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It grew new business premiums from
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emerging markets for its services,
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ILFC—Revenues by Region Total = $
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AIG Investments acquired a 94 perce
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and changing interest rates, as wel
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American International Group, Inc.
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UNITED STATES SECURITIES AND EXCHAN
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Index of Notes to Consolidated Fina
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Page 203 and 204: American International Group, Inc.
Page 253: American International Group, Inc.
Page 275 and 276: SHAREHOLDER INFORMATION Corporate H
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2007 Annual Report - AIG.com

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