| (Dollars in millions) | Single-Employer Program | Multiemployer Program | Memorandum Total | |||
|---|---|---|---|---|---|---|
| For the year ended September 30, | 2003 | 2002 | 2003 | 2002 | 2003 | 2002 |
| OPERATING ACTIVITIES: | ||||||
| Premium receipts | $ 828 | $ 819 | $ 25 | $ 26 | $ 853 | $ 845 |
| Interest and dividends received, net | $ 962 | $ 964 | $ 50 | $ 50 | $ 1,012 | $ 1,014 |
| Cash received from plans upon trusteeship | $ 360 | $ 662 | $ 0 | $ 0 | $ 360 | $ 662 |
| Receipts from sponsors/non-sponsors | $ 128 | $ 367 | $ 0 | $ 0 | $ 128 | $ 367 |
| Receipts from the missing participant program | $ 3 | $ 9 | $ 0 | $ 0 | $ 3 | $ 9 |
| Other receipts | $ 1 | $ 4 | $ 0 | $ 0 | $ 1 | $ 4 |
| Benefit payments - trusteed plans | $ (2,154) | $ (1,482) | $ (1) | $ (1) | $ (2,155) | $ (1,483) |
| Financial assistance payments | $ (5) | $ (5) | $ (5) | $ (5) | ||
| Settlements and judgments | $ (90) | $ (393) | $ 0 | $ 0 | $ (90) | $ (393) |
| Payments for administrative and other expenses | $ (250) | $ (216) | $ 0 | $ 0 | $ (250) | $ (216) |
| Net cash provided (used) by operating activities (Note 13) | $ (212) | $ 734 | $ 69 | $ 70 | $ (143) | $ 804 |
| INVESTING ACTIVITIES: | ||||||
| Proceeds from sales of investments | $ 36,556 | $ 23,207 | $ 1,704 | $ 643 | $ 38,260 | $ 23,850 |
| Payments for purchases of investments | $ (33,888) | $ (24,001) | $ (1,768) | $ (727) | $ (35,656) | $ (24,728) |
| Net cash provided (used) by investing activities | $ 2,668 | $ (794) | $ (64) | $ (84) | $ 2,604 | $ (878) |
| Net increase (decrease) in cash and cash equivalents | $ 2,456 | $ (60) | $ 5 | $ (14) | $ 2,461 | $ (74) |
| Cash and cash equivalents, beginning of year | $ 716 | $ 776 | $ 3 | $ 17 | $ 719 | $ 793 |
| Cash and cash equivalents, end of year | $ 3,172 | $ 716 | $ 8 | $ 3 | $ 3,180 | $ 719 |
The accompanying notes are an integral part of these financial statements.
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