| (Dollars in millions) | Single-Employer Program | Multiemployer Program | Memorandum Total | |||
|---|---|---|---|---|---|---|
| September 30, 2004 | September 30, 2003 | September 30, 2004 | September 30, 2003 | September 30, 2004 | September 30, 2003 | |
| Net income (loss) | $ (12,067) | $ (7,600) | $ 25 | $ (419) | $ (12,042) | $ (8,019) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Net (appreciation) decline in fair value of investments | $ (2,160) | $ (2,308) | $ (3) | $ (11) | $ (2,163) | $ (2,297) |
| Net gain of terminated plans pending trusteeship | $ (84) | $ (108) | $ 0 | $ 0 | $ (84) | $ (108) |
| Losses on completed and probable terminations | $ 14,707 | $ 5,377 | $ 0 | $ 0 | $ 14,707 | $ 5,377 |
| Actuarial charges | $ 1,787 | $ 6,161 | $ 1 | $ 1 | $ 1,788 | $ 6,162 |
| Benefit payments - trusteed plans | $ (2,888) | $ (2,154) | $ (1) | $ (1) | $ (2,889) | $ (2,155) |
| Settlements and judgments | $ (7) | $ (90) | $ 0 | $ 0 | $ (7) | $ (90) |
| Cash received from plans upon trusteeship | $ 51 | $ 360 | $ 0 | $ 0 | $ 51 | $ 360 |
| Receipts from sponsors/non-sponsors | $ 84 | $ 225 | $ 0 | $ 0 | $ 84 | $ 225 |
| Amortization of discounts/premiums | $ 128 | $ 108 | $ 11 | $ 7 | $ 139 | $ 115 |
| Changes in assets and liabilities, net of effects of trusteed and pending plans: | ||||||
| (Increase) decrease in receivables | $ (311) | $ (210) | $ 3 | $ (5) | $ (308) | $ (215) |
| Increase in present value of nonrecoverable future financial assistance | $ 45 | $ 475 | $ 45 | $ 475 | ||
| Increase in unearned premiums | $ 16 | $ 14 | $ 0 | $ 0 | $ 16 | $ 14 |
| Increase in accounts payable | $ 12 | $ 13 | $ 0 | $ 0 | $ 12 | $ 13 |
| Net cash provided (used) by operating activities | $ (732) | $ (212) | $ 81 | $ 69 | $ (651) | $ (143) |
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