XML 85 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 6 Months Ended 12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:          
Net income $ 551 $ 1,180 $ 1,765 $ 746 $ 1,232
Adjustments to reconcile net income to net cash provided by (used in) operating activities:          
Net gain from securities transactions (765) (1,171) (1,927) (814) (1,406)
Purchases of securities (1,325) (2,606) (4,931) (4,043) (2,433)
Proceeds from sales of securities 5,558 3,639 5,373 2,895 3,335
Purchases to cover securities sold, not yet purchased (4,872) (1,150) (5,529) (3,018) (4,843)
Proceeds from securities sold, not yet purchased 781 3,243 8,934 1,810 4,032
Changes in receivables and payables relating to securities transactions (2,088) (90) 927 918 (611)
Impairment 34 3 71 12 41
Depreciation and amortization 253 220 446 463 440
Deferred taxes (181) (1)      
Other, net 47 (35) (28) (65) (162)
Changes in cash held at consolidated affiliated partnerships and restricted cash 3,608 (1,585) (2,805) 1,180 595
Changes in other operating assets and liabilities (160) (264)      
Accounts receivable, net     (148) (185) 37
Inventories, net     (190) (75) 165
Other assets     (46) (58) 25
Accounts payable     123 140 100
Accrued expenses and other liabilities     (40) 133 (182)
Net cash provided by operating activities 1,407 1,380 1,995 39 365
Cash flows from investing activities:          
Capital expenditures (429) (218) (481) (422) (230)
Purchase of investment in precious metals     (150) 0 0
Acquisitions of businesses, net of cash acquired (1,291) (35) (142) 116 0
Proceeds from sale of investments 170 0 154 4 65
Purchases of investments (210) 0 0 0 (38)
Other, net 17 7 5 (9) (50)
Net cash used in investing activities (1,743) (246) (614) (311) (253)
Cash flows from financing activities:          
Capital subscriptions received in advance     0 0 7
Investment segment distributions (17) (2,073) (2,164) (566) (1,163)
Investment segment contributions 0 250 250 419 287
Partnership contributions 510 0 0 6 0
Partnership distributions (20) (31) (48) (85) (77)
Distribution to non-controlling interest in subsidiary     (20) 0 0
Proceeds from issuance of senior unsecured notes 716 0 0 2,487 0
Proceeds from other borrowings 163 604 607 107 352
Repayments of borrowings (63) (253) (675) (1,389) (192)
Other, net (22) (14) 4 6 (6)
Net cash provided by (used in) financing activities 1,267 (1,517) (2,046) 985 (792)
Effect of exchange rate changes on cash and cash equivalents 0 25 (22) (6) 19
Net increase (decrease) in cash and cash equivalents 931 (358) (687) 707 (661)
Net change in cash of assets held for sale 0 2 2 0 0
Cash and cash equivalents, beginning of period 2,278 2,963 2,963 2,256 2,917
Cash and cash equivalents, end of period 3,209 2,607 2,278 2,963 2,256
Supplemental information:          
Cash payments for interest, net of amounts capitalized 192 205 393 293 289
Net cash payments for income taxes 50 40 59 35 0
Net unrealized (loss) gain on available-for-sale securities (2) 1 5 0 3
Investment in precious metals 0 150 150 0 0
Redemptions payable to non-controlling interests 0 91 0 346 113
Fair value of equity investment in Tropicana prior to acquisition of controlling interest     $ 0 $ 251 $ 0