|
|
DIF
Statements of Cash Flows -
First Quarter 2008
| Fund Financial Results |
($
in millions ) |
| Statements of Cash Flows |
| |
(unaudited) 3/31/2008 |
(audited) 12/30/2007 |
(unaudited) 3/31/2007 |
Year-Over-Year Change |
| Net Income |
$303 |
$2,106 |
$499 |
$(196) |
| Amortization of U.S. Treasury obligations (unrestricted) |
129 |
571 |
136 |
(7) |
| TIPS Inflation Adjustment |
(80) |
(314) |
(25) |
(55) |
| Depreciation on property and equipment |
13 |
63 |
13 |
0 |
| Provision for insurance losses |
525 |
95 |
(73) |
598 |
| Unrealized gain on postretirement benefits |
0 |
17 |
0 |
0 |
| Net change in operating assets and liabilities |
(94) |
(668) |
37 |
(131) |
| Net Cash Provided by Operating Activities |
$796 |
$1,870 |
$587 |
$209 |
| Investments matured and sold |
3,039 |
7,626 |
1,515 |
1,524 |
| Investments purchased (includes purchase of property and equipment) |
0 |
(8,205) |
(1,344) |
1,344 |
| Net
Cash Provided by (Used by) Investing Activities |
$3,039 |
$(579) |
$171 |
$2,868 |
| Net Increase (Decrease) in Cash and Cash Equivalents |
3,835 |
1,291 |
758 |
3,077 |
| Cash and Cash Equivalents at beginning of year |
4,245 |
2,954 |
2,954 |
1,291 |
| Cash and Cash Equivalents - Ending |
$8,080 |
$4,245 |
$3,712 |
$4,368 |
|
