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DIF
Statements of Cash Flows - Fourth Quarter 2010
Fund Financial Results |
($
in millions ) |
Statements of Cash Flows |
|
Unaudited 12/31/2010 |
Unaudited 9/30/2010 |
Quarterly Change |
Audited 12/31/2009 |
Year-Over-Year Change |
Net Income/(Loss) |
$13,305 |
$12,602 |
$703 |
($36,003) |
$49,308 |
Amortization of U.S. Treasury obligations (unrestricted) |
(5) |
(4) |
(1) |
211 |
(216) |
TIPS Inflation Adjustment |
(23) |
(17) |
(6) |
11 |
(34) |
Depreciation on property and equipment |
69 |
50 |
19 |
70 |
(1) |
Loss on retirement of property and equipment |
1 |
- |
1 |
1 |
- |
Provision for insurance losses |
(848) |
(3,294) |
2,446 |
57,712 |
(58,560) |
Unrealized (loss)/gain on postretirement benefits |
(16) |
- |
(16) |
(27) |
11 |
Gain on sale of UST obligations |
- |
- |
- |
(1,389) |
1,389 |
Guarantee termination fee from Citigroup |
- |
- |
- |
(1,962) |
1,962 |
Systemic risk expenses |
- |
- |
- |
- |
- |
Net change in operating assets and liabilities |
(32,217) |
(31,634) |
(583) |
17,170 |
(49,387) |
Net Cash Provided by/(Used by) Operating Activities |
($19,734) |
($22,297) |
$2,563 |
$35,794 |
($55,528) |
Investments matured and sold |
21,558 |
11,858 |
9,700 |
21,432 |
126 |
Investments purchased (includes purchase of property and equipment) |
(30,240) |
(23,125) |
(7,115) |
(92) |
(30,148) |
Net Cash Provided by/(Used by) Investing Activities |
($8,682) |
($11,267) |
$2,585 |
$21,340 |
($30,022) |
Net (Decrease)/Increase in Cash and Cash Equivalents |
(28,416) |
(33,564) |
5,148 |
57,134 |
(85,550) |
Cash and Cash Equivalents at beginning of year |
60,523 |
60,523 |
- |
3,389 |
57,134 |
Unrestricted Cash and Cash Equivalents - Ending |
27,077 |
22,701 |
4,376 |
54,092 |
(27,015) |
Restricted Cash and Cash Equivalents - Ending |
5,030 |
4,258 |
772 |
6,431 |
(1,401) |
Cash and Cash Equivalents - Ending |
$32,107 |
$26,959 |
$5,148 |
$60,523 |
($28,416) |
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