|
|
DIF
Statements of Cash Flows -
Second Quarter 2006
| Fund Financial Results |
($ in millions – All data is unaudited) |
| Statements of Cash Flows |
| |
06/30/06 |
12/31/05 |
06/30/05 |
Year-Over-Year
Change |
| Net Income |
$ 1,101 |
$ 1,611 |
$ 757 |
$ 344 |
| Amortization of U.S. Treasury obligations (unrestricted) |
302 |
834 |
463 |
(161) |
| TIPS Inflation Adjustment |
(94) |
(345) |
(153) |
59 |
| Depreciation on property and equipment |
26 |
55 |
24 |
2 |
| Provision for insurance losses |
(52) |
(160) |
(76) |
24 |
| Net change in operating assets and liabilities |
(276) |
404 |
192 |
(468) |
| Net Cash Provided by Operating Activities |
$ 1,007 |
$ 2,399 |
$ 1,207 |
$ (200) |
| Investments matured and sold |
2,430 |
10,050 |
5,105 |
(2,675) |
| Investments purchased (includes purchase of property and equipment) |
(5,919) |
(11,741) |
(7,510) |
1,591 |
| Net Cash Used by Investing Activities |
$ (3,489) |
$ (1,691) |
$ (2,405) |
$ (1,084) |
| Net Increase (Decrease) in Cash and Cash Equivalents |
(2,482) |
708 |
(1,198) |
(1,284) |
Cash
and Cash Equivalents at beginning
of year |
3,231 |
$ 2,523 |
$ 2,523 |
$ 708 |
| Cash and Cash Equivalents - Ending |
$ 749 |
$ 3,231 |
$ 1,325 |
$ (576) |
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