(Dollars in millions) | Single-Employer Program | Multiemployer Program | Memorandum Total | |||
---|---|---|---|---|---|---|
For the year ended September 30, | 2001 | 2000 | 2001 | 2000 | 2001 | 2000 |
Net income (loss) | -1972 | 2666 | -151 | 68 | -2123 | 2734 |
Adjustments to reconcile net income to net cash | ||||||
provided by operating activities: | ||||||
Net (appreciation) decline in fair value of investments | 1712 | -1567 | -48 | -20 | 1664 | -1587 |
Net (income) loss of terminated plans pending trusteeship | 5 | -1 | 0 | 0 | 5 | -1 |
Losses (credits) on completed and probable terminations | 705 | -80 | 0 | 0 | 705 | -80 |
Actuarial charges | 1082 | 453 | 1 | 0 | 1083 | 453 |
Benefit payments - trusteed plans | -1027 | -895 | -1 | -1 | -1028 | -896 |
Settlements and judgments | -156 | -162 | 0 | 0 | -156 | -162 |
Cash received from plans upon trusteeship | 592 | 32 | 0 | 0 | 592 | 32 |
Pretermination payments | -11 | -25 | 0 | 0 | -11 | -25 |
Receipts from settlements | 24 | 26 | 0 | 0 | 24 | 26 |
Changes in assets and liabilities, net of effects of trusteed and pending plans: | ||||||
(Increase) decrease in receivables | -31 | 69 | 1 | -1 | -30 | 68 |
(Increase) decrease in present value of nonrecoverable future financial assistance | 265 | -65 | 265 | -65 | ||
Decrease in unearned premiums | -15 | -2 | -1 | 0 | -16 | -2 |
Increase (decrease) in accounts payable | 3 | -24 | 0 | 0 | 3 | -24 |
Net cash provided (used) by operating activities | 911 | 490 | 66 | -19 | 977 | 471 |
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