|
|
DIF
Statements of Cash Flows -
First Quarter 2006
| Fund Financial Results |
($ in millions – All data is unaudited) |
| Statements of Cash Flows |
| |
03/31/06 |
12/31/05 |
03/31/05 |
Year-Over-Year
Change |
| Net Income |
$ 653 |
$ 1,611 |
$ 277 |
$ 376 |
| Amortization of U.S. Treasury obligations (unrestricted) |
148 |
834 |
240 |
(92) |
| TIPS Inflation Adjustment |
39 |
(345) |
7 |
32 |
| Depreciation on property and equipment |
13 |
55 |
13 |
0 |
| Provision for insurance losses |
(45) |
(160) |
(19) |
(26) |
| Net change in operating assets and liabilities |
(272) |
404 |
89 |
(361) |
| Net Cash Provided by Operating Activities |
$ 536 |
$ 2,399 |
$ 607 |
$ 71 |
| Investments matured and sold |
1,025 |
10,050 |
2,550 |
(1,525) |
| Investments purchased (includes purchase of property and equipment) |
(3,366) |
(11,741) |
(4,537) |
1,171 |
| Net Cash Used by Investing Activities |
$ (2,341) |
$ (1,691) |
$ (1,987) |
$ (354) |
| Net Decrease in Cash and Cash Equivalents |
(1,805) |
708 |
(1,380) |
(425) |
| Cash and Cash Equivalents at beginning
of year |
3,231 |
2,523 |
2,523 |
708 |
| Unrestricted Cash and Cash Equivalents - Ending |
1,426 |
$ 3,209 |
$ 1,123 |
$ na |
| Restricted Cash and Cash Equivalents - Ending |
na |
$ 22 |
$ 20 |
$ na |
| Cash and Cash Equivalents - Ending |
$ 1,426 |
$ 3,231 |
$ 1,143 |
$ 283 |
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