|
|
DIF
Statements of Cash Flows -
Third Quarter 2007
| Fund Financial Results |
($
in millions ) |
| Statements of Cash Flows |
| |
(unaudited)
9/30/2007 |
(audited)
12/31/2006 |
(unaudited)
9/30/2006 |
Year-Over-Year
Change |
| Net Income |
$1,582 |
$1,740 |
$1,547 |
$35 |
| Amortization of U.S. Treasury obligations (unrestricted) |
431 |
599 |
454 |
(23) |
| TIPS Inflation Adjustment |
(286) |
(109) |
(178) |
(108) |
| Depreciation on property and equipment |
40 |
52 |
39 |
1 |
| Provision for insurance losses |
56 |
(52) |
(101) |
157 |
| Exit fees earned |
0 |
(345) |
(345) |
345 |
| Unrealized gain on postretirement benefits |
20 |
0 |
0 |
20 |
| Net change in operating assets and liabilities |
5 |
100 |
104 |
(99) |
| Net Cash Provided by Operating Activities |
$1,848 |
$1,985 |
$1,520 |
$328 |
| Investments matured and sold |
6,256 |
6,800 |
3,480 |
2,776 |
| Investments purchased (includes purchase of property and equipment) |
(8,204) |
(9,062) |
(5,919) |
(2,285) |
| Net Cash (Used) by Investing Activities |
$(1,948) |
$(2,262) |
$(2,439) |
$491 |
| Net Increase (Decrease) in Cash and Cash Equivalents |
(100) |
(277) |
(919) |
819 |
| Cash and Cash Equivalents at beginning of year |
2,954 |
3,231 |
3,231 |
(277) |
| Cash and Cash Equivalents - Ending |
$2,854 |
$2,954 |
$2,312 |
$542 |
|
