|
|
DIF
Statements of Cash Flows -
First Quarter 2007
| Fund Financial Results |
($ in millions – All data is unaudited) |
| Statements of Cash Flows |
| |
03/31/07 |
12/31/06 |
03/31/06 |
Year-Over-Year
Change |
| Net Income |
$ 499 |
$ 1,739 |
$ 653 |
$ (154) |
| Amortization of U.S. Treasury obligations (unrestricted) |
136 |
599 |
148 |
(12) |
| TIPS Inflation Adjustment |
(25) |
(109) |
39 |
(64) |
| Depreciation on property and equipment |
13 |
53 |
13 |
0 |
| Provision for insurance losses |
(73) |
(52) |
(45) |
(28) |
| Exit fees
earned |
0 |
(345) |
(346) |
346 |
| Net change in operating assets and liabilities |
37 |
100 |
74 |
(37) |
| Net Cash Provided by Operating Activities |
$ 587 |
$ 1,985 |
536 |
51 |
| Investments matured and sold |
1,515 |
6,800 |
1,025 |
490 |
| Investments purchased (includes purchase of property and equipment) |
(1,344) |
(9,062) |
(3,366) |
2,022 |
| Net Cash Used by Investing Activities |
$ (171) |
$ (2,262) |
(2,341) |
2,512 |
| Net Increase (Decrease) in Cash and Cash Equivalents |
758 |
(277) |
(1,805) |
2,563 |
Cash
and Cash Equivalents at beginning
of year |
2,954 |
3,231 |
3,231 |
(277) |
| Cash and Cash Equivalents - Ending |
$ 3,712 |
$ 2,954 |
1,426 |
2,286 |
|
