|
|
DIF Statements of Cash Flows - Fourth Quarter 2008
| Fund Financial Results |
($
in millions ) |
| Statements of Cash Flows |
| |
Unaudited
Dec-08 |
Sep-08 |
Quarterly Change |
Dec-07 |
Year-Over-Year Change |
| Net (Loss)/Income |
($35,420) |
($19,165) |
($16,255) |
$2,106 |
($37,526) |
| Amortization of U.S. Treasury obligations (unrestricted) |
457 |
370 |
87 |
571 |
(114) |
| TIPS Inflation Adjustment |
(272) |
(313) |
41 |
(314) |
42 |
| Depreciation on property and equipment |
55 |
41 |
14 |
63 |
(8) |
| Provision for insurance losses |
40,226 |
22,676 |
17,550 |
95 |
40,131 |
| Unrealized gain on postretirement benefits |
5 |
0 |
5 |
0 |
5 |
| (Gain) on sale of UST obligations |
(775) |
(473) |
(302) |
17 |
(792) |
| Systemic
risk expenses |
(2) |
0 |
(2) |
0 |
(2) |
| Net change in operating assets and liabilities |
(26,336) |
(22,308) |
(4,028) |
(668) |
(25,668) |
| Net Cash Provided by (Used by) Operating Activities |
($22,062) |
($19,172) |
($2,890) |
$1,870 |
($23,932) |
| Investments matured and sold |
21,209 |
15,784 |
5,425 |
7,626 |
13,583 |
| Investments purchased (includes purchase of property and equipment) |
(4) |
(3) |
(1) |
8,205 |
(8,209) |
| Net Cash Provided by/(Used by) Investing Activities |
$21,205 |
$15,781 |
$5,424 |
($579) |
$21,784 |
| Net Increase (Decrease) in Cash and Cash Equivalents |
(857) |
(3,391) |
2,534 |
1,291 |
(2,148) |
| Cash and Cash Equivalents at beginning of year |
4,245 |
4,245 |
0 |
2,954 |
1,291 |
| Unrestricted
Cash and Cash Equivalents - Ending |
1,011 |
854 |
157 |
4,245 |
(3,234) |
| Restricted
Cash and Cash Equivalents - Ending |
2,377 |
0 |
2,377 |
0 |
2,377 |
| Cash
and Cash Equivalents - Ending |
$3,388 |
$854 |
$2,534 |
$4,245 |
($857) |
|
