|
|
BIF & SAIF
Statements of Cash Flows -
Fourth Quarter 2004
| Fund Financial Results |
($ in millions – All data is unaudited) |
| Statements of Cash Flows |
BIF |
SAIF |
| |
12/31/04 |
12/31/03 |
12/31/04 |
12/31/03 |
| Net Income |
$ 1,117 |
$ 1,742 |
$ 516 |
$ 500 |
| Amortization of U.S. Treasury obligations (unrestricted) |
737 |
456 |
262 |
156 |
| TIIS Inflation Adjustment |
(182) |
(115) |
(61) |
(39) |
| Depreciation on property and equipment |
54 |
55 |
na |
na |
| Provision for losses |
(269) |
(931) |
(72) |
(82) |
| Terminations\adjustments of work-in-process accounts |
1 |
0 |
na |
na |
| Net change in operating assets and liabilities |
197 |
92 |
(2) |
(3) |
| Net Cash Provided by Operating Activities |
$ 1,655 |
$ 1,299 |
$ 643 |
$ 532 |
| Investments matured and sold |
9,175 |
5,580 |
3,050 |
1,745 |
| Investments purchased (includes purchase of property and equipment) |
(11,552) |
(8,942) |
(4,051) |
(3,313) |
| Net Cash Used by Investing Activities |
$ (2,377) |
$ (3,362) |
$ (1,001) |
$ (1,568) |
| Net Decrease in Cash and Cash Equivalents |
(722) |
(2,063) |
(358) |
(1,036) |
| Cash and Cash Equivalents at beginning
of year |
2,544 |
4,607 |
1,059 |
2,095 |
| Unrestricted Cash and Cash Equivalents - Ending |
na |
na |
$ 644 |
$ 827 |
| Restricted Cash and Cash Equivalents - Ending |
na |
na |
$ 57 |
$ 232 |
| Cash and Cash Equivalents - Ending |
$ 1,822 |
$ 2,544 |
$ 701 |
$ 1,059 |
|
