| (Dollars in millions) | Single-Employer Program | Multiemployer Program | Memorandum Total | |||
|---|---|---|---|---|---|---|
| For the years ended | September 30, 2004 |
September 30, 2003 |
September 30, 2004 |
September 30, 2003 |
September 30, 2004 |
September 30, 2003 |
| OPERATING ACTIVITIES: | ||||||
| Premium receipts | $ 1,595 |
$ 1,108 |
$ 26 |
$ 28 |
$ 1,621 |
$ 1,136 |
| Interest and dividends received, net | 1,344 |
1,155 |
64 |
64 |
1,408 |
1,219 |
| Cash received from plans upon trusteeship | 218 |
51 |
0 |
0 |
218 |
51 |
| Receipts from sponsors/non-sponsors | 139 |
120 |
0 |
0 |
139 |
120 |
| Receipts from the missing participant program | 8 |
3 |
0 |
0 |
8 |
3 |
| Other receipts | 137 |
4 |
0 |
0 |
137 |
4 |
| Benefit payments - trusteed plans | (3,301) |
(2,888) |
(1) |
(1) |
(3,302) |
(2,889) |
| Financial assistance payments | (14) |
(10) |
(14) |
(10) |
||
| Settlements and judgments | (5) |
(7) |
0 |
0 |
(5) |
(7) |
| Payments for administrative and other expenses | (324) |
(278) |
0 |
0 |
(324) |
(278) |
| Net cash provided (used) by operating activities (Note 13) | (189) |
(732) |
75 |
81 |
(114) |
(651) |
| INVESTING ACTIVITIES: | ||||||
| Proceeds from sales of investments | 131,442 |
44,332 |
5,114 |
1,267 |
136,556 |
45,599 |
| Payments for purchases of investments | (136,357) 6,301 |
(39,497) 417 |
(5,190) 0 |
(1,342) 0 |
(141,547) 6,301 |
(40,839) 417 |
| Net cash provided (used) by investing activities | 1,386 |
5,252 |
(76) |
(75) |
1,310 |
5,177 |
| Net increase (decrease) in cash and cash equivalents | 1,197 |
4,520 |
(1) |
6 |
1,196 |
4,526 |
| Cash and cash equivalents, beginning of year | 7,692 |
3,172 |
14 |
8 |
7,706 |
3,180 |
| Cash and cash equivalents, end of year | $ 8,889 |
$ 7,692 |
$ 138 |
$ 14 |
$ 8,902 |
$ 7,706 |
The accompanying notes are an integral part of these financial statements.
Back to Annual Report Index | Back to WWW.PBGC.GOV | PDF version of PBGC's 2005 Annual Report