|
|
DIF
Statements of Cash Flows -
Second Quarter 2008
| Fund Financial Results |
($
in millions ) |
| Statements of Cash Flows |
| |
Jun-08 |
Mar-08 |
Quarterly Change |
Jun-07 |
Year-Over-Year Change |
| Net Income |
$(8,882) |
$303 |
$(9,185) |
$1,143 |
$(10,025) |
| Amortization of U.S. Treasury obligations (unrestricted) |
257 |
129 |
128 |
280 |
(23) |
| TIPS Inflation Adjustment |
(210) |
(80) |
(130) |
(213) |
3 |
| Depreciation on property and equipment |
27 |
13 |
14 |
26 |
1 |
| Provision for insurance losses |
10,746 |
525 |
10,221 |
(76) |
10,822 |
| Unrealized gain on postretirement benefits |
0 |
0 |
0 |
0 |
0 |
| Net change in operating assets and liabilities |
(1,934) |
(94) |
(1,840) |
(9) |
(1,925) |
| Net Cash Provided by Operating Activities |
$4 |
$796 |
$(792) |
$1,151 |
$(1,147) |
| Investments matured and sold |
5,009 |
3,039 |
1,970 |
4,565 |
444 |
| Investments purchased (includes purchase of property and equipment) |
(1) |
0 |
(1) |
(7,687) |
7,686 |
| Net Cash Provided by/(Used by) Investing Activities |
$5,008 |
$3,039 |
$1,969 |
$(3,122) |
$8,130 |
| Net Increase (Decrease) in Cash and Cash Equivalents |
5,012 |
3,835 |
1,177 |
(1,971) |
6,983 |
| Cash and Cash Equivalents at beginning of year |
4,245 |
4,245 |
0 |
2,954 |
1,291 |
| Cash and Cash Equivalents - Ending |
$9,257 |
$8,080 |
$1,177 |
$983 |
$8,274 |
|
