(In millions)
Year Ended December 31
2007 2006
(Unaudited)
Operating activities
Net income $3,345.4 $3,094.9
Adjustments to reconcile net income
to net cash provided by operating
activities:
Net realized (gains) losses
on investments (11.2) 0.3
Loss on disposal of assets 11.3 1.7
Deferred income taxes (105.5) 273.7
Amortization, net of accretion 466.0 471.9
Depreciation expense 120.2 133.0
Share-based compensation 177.1 246.9
Excess tax benefits from
share-based compensation (153.3) (136.5)
Changes in operating assets and
liabilities, net of effect of
business combinations:
Receivables, net (448.6) (627.8)
Other invested assets, current 26.9 234.9
Other assets 174.4 (362.4)
Policy liabilities 257.7 852.6
Unearned income 125.5 (69.5)
Accounts payable and accrued expenses (235.2) (91.7)
Other liabilities 176.5 134.2
Income taxes 447.3 (112.0)
Other, net (29.9) -
Net cash provided by operatin
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