Proceeds from disposal of business, net of cash and cash equivalents sold

  
Ameriprise Financial, Inc.Consolidated Statements of Cash Flows

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Years Ended December 31, |
| 2021 |  | 2020 |  | 2019 |
| (in millions) |
| Cash Flows from Operating Activities |  |  |  |  |  |
| Net income | $ | 2,760  |  |  | $ | 1,534  |  |  | $ | 1,893  |  |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
| Depreciation, amortization and accretion, net | 98  |  |  | 207  |  |  | 183  |  |
| Deferred income tax expense (benefit) | (87) |  |  | (321) |  |  | (308) |  |
| Share-based compensation | 152  |  |  | 146  |  |  | 135  |  |
| Gain on disposal of business before affinity partner payment | —  |  |  | —  |  |  | (313) |  |
| Net realized investment (gains) losses | (632) |  |  | (22) |  |  | (16) |  |
| Net trading (gains) losses | 5  |  |  | (10) |  |  | (10) |  |
| Loss from equity method investments | 75  |  |  | 66  |  |  | 95  |  |
| Impairments and provision for loan and credit losses | 4  |  |  | 24  |  |  | 22  |  |
| Net (gains) losses of consolidated investment entities | (20) |  |  | 7  |  |  | 9  |  |
| Changes in operating assets and liabilities, net of effects from acquisitions: |  |  |  |  |  |
| Restricted and segregated investments | 25  |  |  | (500) |  |  | 124  |  |
| Deferred acquisition costs | (156) |  |  | 49  |  |  | (112) |  |
| Policyholder account balances, future policy benefits and claims, net | 2,086  |  |  | 3,054  |  |  | 358  |  |
| Derivatives, net of collateral | (570) |  |  | (141) |  |  | 415  |  |
| Receivables | (520) |  |  | (648) |  |  | 324  |  |
| Brokerage deposits | 26  |  |  | 346  |  |  | (519) |  |
| Accounts payable and accrued expenses | 300  |  |  | 129  |  |  | 46  |  |
| Current income tax, net | (308) |  |  | 25  |  |  | 32  |  |
| Deferred taxes, net | 4  |  |  | 334  |  |  | (18) |  |
| Other operating assets and liabilities of consolidated investment entities, net | 20  |  |  | (15) |  |  | (12) |  |
| Other, net | 63  |  |  | 359  |  |  | 13  |  |
| Net cash provided by (used in) operating activities | 3,325  |  |  | 4,623  |  |  | 2,341  |  |
|  |  |  |  |  |  |
| Cash Flows from Investing Activities |  |  |  |  |  |
| Available-for-Sale securities: |  |  |  |  |  |
| Proceeds from sales | 556  |  |  | 1,708  |  |  | 242  |  |
| Maturities, sinking fund payments and calls | 11,501  |  |  | 9,554  |  |  | 8,202  |  |
| Purchases | (14,718) |  |  | (13,525) |  |  | (11,911) |  |
| Proceeds from sales, maturities and repayments of mortgage loans | 299  |  |  | 217  |  |  | 272  |  |
| Funding of mortgage loans | (263) |  |  | (165) |  |  | (354) |  |
| Proceeds from sales, maturities and collections of other investments | 173  |  |  | 198  |  |  | 276  |  |
| Purchase of other investments | (97) |  |  | (284) |  |  | (288) |  |
| Purchase of investments by consolidated investment entities | (1,603) |  |  | (957) |  |  | (644) |  |
| Proceeds from sales, maturities and repayments of investments by consolidated investment entities | 1,047  |  |  | 606  |  |  | 684  |  |
| Purchase of land, buildings, equipment and software | (120) |  |  | (147) |  |  | (143) |  |
| Proceeds from disposal of business, net of cash and cash equivalents sold | —  |  |  | —  |  |  | 934  |  |
| Cash paid for written options with deferred premiums | (552) |  |  | (338) |  |  | (308) |  |
| Cash received from written options with deferred premiums | 106  |  |  | 133  |  |  | 170  |  |
| Cash paid for acquisition of business, net of cash acquired | (576) |  |  | —  |  |  | —  |  |
| Cash paid for deposit receivables | (377) |  |  | (4) |  |  | (349) |  |
| Cash received for deposit receivables | 254  |  |  | 93  |  |  | 98  |  |
| Other, net | (10) |  |  | 17  |  |  | (115) |  |
| Net cash provided by (used in) investing activities | $ | (4,380) |  |  | $ | (2,894) |  |  | $ | (3,234) |  |
| See Notes to Consolidated Financial Statements. |

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