|
|
DIF
Statements of Cash Flows -
Fourth Quarter 2007
| Fund Financial Results |
($
in millions ) |
| Statements of Cash Flows |
|
(audited) 12/31/2007 |
(unaudited) 9/30/2007 |
Quarterly Change |
(audited) 12/31/2006 |
Year-Over-Year Change |
| Net Income |
$2,106 |
$1,582 |
$524 |
$1,739 |
$367 |
| Amortization of U.S. Treasury obligations (unrestricted) |
571 |
431 |
140 |
599 |
(28) |
| TIPS Inflation Adjustment |
(314) |
(286) |
(28) |
(109) |
(205) |
| Depreciation on property and equipment |
63 |
40 |
23 |
53 |
10 |
| Provision for insurance losses |
95 |
56 |
39 |
(52) |
147 |
| Exit fees earned |
0 |
0 |
0 |
(345) |
345 |
| Unrealized gain on postretirement benefits |
17 |
20 |
(3) |
0 |
17 |
| Net change in operating assets and liabilities |
(668) |
5 |
(673) |
101 |
(769) |
| Net Cash Provided by Operating Activities |
$1,870 |
$1,848 |
$22 |
$1,986 |
($116) |
| Investments matured and sold |
7,626 |
6,256 |
1,370 |
6,800 |
826 |
| Investments purchased (includes purchase of property and equipment) |
(8,205) |
(8,204) |
(1) |
(9,062) |
857 |
| Net Cash (Used) by Investing Activities |
($579) |
($1,948) |
$1,369 |
($2,262) |
$1,683 |
| Net Increase (Decrease) in Cash and Cash Equivalents |
1,291 |
(100) |
1,391 |
(276) |
1,567 |
| Cash and Cash Equivalents at beginning of year |
2,954 |
2,954 |
0 |
3,230 |
(276) |
| Cash and Cash Equivalents - Ending |
$4,245 |
$2,854 |
$1,391 |
$2,954 |
$1,291 |
|
