|
|
DIF
Statements of Cash Flows -
Fourth Quarter 2006
| Fund Financial Results |
($ in millions – All data is unaudited) |
| Statements of Cash Flows |
| |
12/31/06 |
12/31/05 |
Year-Over-Year
Change |
%
Change |
| Net Income |
$ 1,739 |
$ 1,611 |
128 |
8% |
| Amortization of U.S. Treasury obligations (unrestricted) |
599 |
834 |
(235) |
(28%) |
| TIPS Inflation Adjustment |
(109) |
(345) |
236 |
68% |
| Depreciation on property and equipment |
53 |
55 |
(2) |
(4%) |
| Provision for insurance losses |
(52) |
(160) |
108 |
68% |
| Exit fees
earned |
(345) |
0 |
(345) |
0% |
| Net change in operating assets and liabilities |
100 |
404 |
(304) |
(75%) |
| Net Cash Provided by Operating Activities |
$ 1,985 |
$ 2,399 |
(414) |
(17%) |
| Investments matured and sold |
6,800 |
10,050 |
(3,250) |
(32%) |
| Investments purchased (includes purchase of property and equipment) |
(9,062) |
(11,741) |
2,679 |
(23%) |
| Net Cash Used by Investing Activities |
$ (2,262) |
$ (1,691) |
(571) |
34% |
| Net Increase (Decrease) in Cash and Cash Equivalents |
(277) |
708 |
(985) |
(139%) |
Cash
and Cash Equivalents at beginning
of year |
3,231 |
2,523 |
708 |
28% |
| Cash and Cash Equivalents - Ending |
$ 2,954 |
$ 3,231 |
(277) |
(9%) |
|
