|
|
DIF
Statements of Cash Flows -
Second Quarter 2007
| Fund Financial Results |
($ in millions – All data is unaudited) |
| Statements of Cash Flows |
| |
06/30/07 |
12/31/06 |
06/30/06 |
Year-Over-Year
Change |
| Net Income |
$ 1,143 |
$ 1,740 |
$ 1,101 |
$ 42 |
| Amortization of U.S. Treasury obligations (unrestricted) |
280 |
599 |
302 |
(22) |
| TIPS Inflation Adjustment |
(213) |
(109) |
(94) |
(119) |
| Depreciation on property and equipment |
26 |
52 |
26 |
0 |
| Provision for insurance losses |
(76) |
(52) |
(52) |
(24) |
| Exit fees
earned |
0 |
(345) |
(346) |
346 |
| Net change in operating assets and liabilities |
(9) |
100 |
70 |
(79) |
| Net Cash Provided by Operating Activities |
$ 1,151 |
$ 1,985 |
$ 1,007 |
$ 144 |
| Investments matured and sold |
4,565 |
6,800 |
2,430 |
2,135 |
| Investments purchased (includes purchase of property and equipment) |
(7,687) |
(9,062) |
(5,919) |
(1,768) |
| Net Cash Used by Investing Activities |
$ (3,122) |
$ (2,262) |
$ (3,489) |
$ 367 |
| Net Increase (Decrease) in Cash and Cash Equivalents |
(1,971) |
(277) |
(2,482) |
511 |
Cash
and Cash Equivalents at beginning
of year |
2,954 |
3,231 |
3,231 |
(277) |
| Cash and Cash Equivalents - Ending |
$ 983 |
$ 2,954 |
$ 749 |
$ 234 |
|
