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Bring on tomorrow - AIG.com

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C<strong>on</strong>densed Financial Informati<strong>on</strong> of Registrant (C<strong>on</strong>tinued)Statement of In<strong>com</strong>e (Loss) – Parent Company OnlySchedule IIYears Ended December 31,(in milli<strong>on</strong>s) 2012 2011 2010Revenues:Equity in earnings of c<strong>on</strong>solidated subsidiaries * $ 1,970 $ 6,260 $ 21,385Interest in<strong>com</strong>e 358 596 3,249Change in fair value of ML III 2,287 (723) –Net realized capital gains (losses) 747 213 (209)Other in<strong>com</strong>e 806 279 6Expenses:Accrued and <strong>com</strong>pounding interest – (24) (636)Amortizati<strong>on</strong> of prepaid <strong>com</strong>mitment asset – (48) (3,471)Total interest expense <strong>on</strong> FRBNY Credit Facility – (72) (4,107)Other interest expense (2,257) (2,845) (2,279)Restructuring expense and related asset impairment and other expenses (47) (36) (451)Net loss <strong>on</strong> extinguishment of debt (9) (2,847) (104)Other expenses (1,555) (831) (1,213)In<strong>com</strong>e (loss) from c<strong>on</strong>tinuing operati<strong>on</strong>s before in<strong>com</strong>e tax expense (benefit) 2,300 (6) 16,277In<strong>com</strong>e tax expense (benefit) (1,137) (19,695) 5,402Net in<strong>com</strong>e 3,437 19,689 10,875In<strong>com</strong>e (loss) from disc<strong>on</strong>tinued operati<strong>on</strong>s 1 933 (817)Net in<strong>com</strong>e attributable to <strong>AIG</strong> Parent Company $ 3,438 $ 20,622 $ 10,058* Eliminated in c<strong>on</strong>solidati<strong>on</strong>.See Ac<strong>com</strong>panying Notes to C<strong>on</strong>densed Financial Informati<strong>on</strong> of Registrant, which include a summary of revisi<strong>on</strong>s to prior year balances inc<strong>on</strong>necti<strong>on</strong> with a change in accounting principle...................................................................................................................................................................................................................................<strong>AIG</strong> 2012 Form 10-K 359

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