Note and Disclaimer: These XBRL documents are presented solely as theoretical examples of XBRL application and should not be used or relied upon for any other purpose. XBRL-US makes no representation as to their accuracy or completeness, or that they fairly represent the financial disclosure(s) of any financial reporting entity, public or private.

Further, neither XBRL-US nor its members have audited, reviewed, compiled or performed any other professional service in regard to the XBRL document within which this disclaimer appears, nor in regard to any electronic document from which the current document was prepared, nor any schemas, linkbases or other meta data included therein or to which either refers. We offer no opinion about the correctness, completeness, timeliness, accuracy nor any other characteristic of this XBRL document, documents from which it was prepared, nor any schemas, linkbases, or other meta data to which they refer. Users should find the original document, if such exists, and read all disclaimers or opinions therein.

ABC, Inc - Consolidated Statement of Cash Flows - Indirect Method

(in millions of dollars)

2003

2002

2001

Statement of Cash Flows - Indirect Method

Cash flows from operating activities

Net Income

6,651

4,815

1,419

Adjustments to Reconcile Net Income/(Loss) to Net Cash Provided By/(Used In) Operations

Depreciation and amortization expenses

1,434

1,494

1,443

Amortization of premiums and accretion of discounts associated with investment, net

-540

-1,557

-1,725

Realized Gains/(Losses) on Sale of Investments

456

951

2,139

Interest credited to other policyholder account balances

9,105

8,850

9,252

Universal life and investment-type product policy fees

7,488

6,441

5,667

Increase/(Decrease) in Operating Assets and Liabilities

Increase/(Decrease) in Operating Assets

Change in premiums and other receivables

-1,002

-1,419

1,428

Change in deferred policy acquisition costs, net

-3,996

-2,223

-1,689

Increase/(Decrease) in Operating Liabilities

Change in insurance-related liabilities

14,061

9,312

7,524

Change in income taxes payable

723

1,437

1,431

Change in bank customer deposits

2,691

627

243

Change in other liabilities

1,680

-351

-120

Other, net

-1,686

-2,991

-2,904

Net cash provided by operating activities

22,089

12,504

12,774

Cash flows from investing activities

Disposal of Investments

Sale of Debt and Equity Securities

Sale of Fixed Maturity Securities

228,600

193,806

157,278

Sale of Equity Securities

1,836

8,109

6,375

Sale of Mortgage Loans

10,449

7,914

5,979

Real estate and real estate joint ventures

2,667

2,505

1,032

Proceeds from Sale of Other Assets

924

627

1,188

Purchases and Payments for Investments

Sales, maturities and repayments of:

Purchase of Marketable Securities

Fixed maturities

-304,731

-255,465

-155,595

Equity securities

-561

-3,780

-10,062

Mortgage loans on real estate

-14,925

-9,618

-10,482

Real estate and real estate joint ventures

-1,032

-624

-2,307

Other limited partnership interests

-1,764

-1,368

-1,272

Net Change in short-term investments

Proceeds/(Payments) on Short Term Investments - Total

294

-1,431

222

Acquisition/(Divestiture) of Business Activities, Net

Acquisition of Businesses, Net of Cash Acquired

-2,637

-828

Purchases of businesses, net of cash businesses

243

Net change in payable under securities loaned transactions

27,663

15,603

1,080

Other, net

-2,553

-2,280

-1,761

Net cash used in investing activities

-53,064

-48,639

-8,910

Cash flows from financing activities

Policyholder account balances:

Policyholders Account Deposits

111,069

93,183

94,263

Policyholders Account Withdrawals

-86,022

-75,453

-83,697

Net change in short-term debt

Increase/(Decrease) in Short Term Borrowings

7,443

2,418

-2,190

Increase/(Decrease) in Long Term Debt and Capital Securities

Proceeds from Issuance of Long Term Debt and Capital Securities

Proceeds from Issuance of Other Long Term Debt

2,802

3,024

4,800

Repayments of Long Term Debt and Capital Securities

Repayments of Long Term Debt and Capital Securities - Total

-2,289

-633

-1,116

Treasury stock acquired

-291

-1,413

-3,963

Settlement of common stock purchase contracts

3,018

Increase/(Decrease) in Equity

Proceeds from Issuance of Equity

Proceeds from Issuance of Company Obligated Mandatorily Redeemable Capital Securities

591

Payment of Dividends

Payment of Dividends - Common and Preferred Stock

Payment of Dividends - Common Stock

-525

-441

-435

Net cash provided by financing activities

35,205

20,685

8,253

Change in cash and cash equivalents

4,230

-15,450

12,117

Cash and cash equivalents, beginning of year

6,969

22,419

10,302

Cash and cash equivalents, end of year

11,199

6,969

22,419

Supplemental disclosures of cash flow information:

Cash paid (refunded) during the year:

Interest

1,515

1,272

1,047

Income Taxes Paid

2,106

579

-786

Non-cash transactions during the year:

Business acquisitions - assets

378

7,890

4,008

Business acquisitions - liabilities

432

5,253

3,180

Business dispositions -- assets

306

Business dispositions - liabilities

132

Purchase money mortgage on real estate sale

588

2,862

ABC Capital Trust I transactions

3,111

Real estate acquired in satisfaction of debt