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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net earnings (loss) $ 59,389 $ (40,235)
Adjustments to reconcile net earnings to operating cash flows:    
Investment (gains) losses (38,041) 82,089
Depreciation and amortization 9,357 8,141
Other (5,556) (4,915)
Changes in operating assets and liabilities:    
Unpaid losses and loss adjustment expenses 848 4,551
Deferred charges - retroactive reinsurance 605 649
Unearned premiums 3,091 3,632
Receivables and originated loans (2,861) (7,530)
Inventories 275 (4,998)
Other assets (860) (634)
Other liabilities 693 2,369
Income taxes 7,856 (16,080)
Net cash flows from operating activities 34,796 27,039 Close
Cash flows from investing activities:    
Purchases of equity securities (9,142) (66,246)
Sales of equity securities 32,786 17,343
Purchases of U.S. Treasury Bills and fixed maturity securities (178,503) (139,359)
Sales of U.S. Treasury Bills and fixed maturity securities 44,325 69,998
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 106,879 47,512
Acquisitions of businesses, net of cash acquired (8,564) (183)
Purchases of property, plant and equipment and equipment held for lease (13,701) (10,907)
Other 608 333
Net cash flows from investing activities (25,312) (81,509) Close
Cash flows from financing activities:    
Changes in short term borrowings, net 252 (531)
Acquisition of treasury stock (6,978) (5,246)
Other, principally transactions with noncontrolling interests (4,292) (1,441)
Net cash flows from financing activities (14,269) (311) Close
Effects of foreign currency exchange rate changes (10) (569) Close
Increase (decrease) in cash and cash equivalents and restricted cash (4,795) (55,350) Close
Cash and cash equivalents and restricted cash at beginning of year 36,399 88,706
Cash and cash equivalents and restricted cash at end of third quarter 31,604 33,356
Restricted cash, included in other assets at beginning of year 588 522
Restricted cash, included in other assets at end of third quarter $ 764 $ 730
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Other
Insurance and Other [Member]    
Cash flows from financing activities:    
Proceeds from borrowings $ 1,306 $ 6,981
Repayments of borrowings (5,657) (1,468)
Cash and cash equivalents at beginning of year 32,260 [1] 85,319
Cash and cash equivalents at end of third quarter 25,573 [1] 28,869
Railroad, Utilities and Energy [Member]    
Cash flows from financing activities:    
Proceeds from borrowings 5,013 3,185
Repayments of borrowings (3,913) (1,791)
Cash and cash equivalents at beginning of year 3,551 [1] 2,865
Cash and cash equivalents at end of third quarter $ 5,267 [1] $ 3,757
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $3.6 billion at September 30, 2023 and $2.6 billion at December 31, 2022.