PFG » Topics » Other Investments

These excerpts taken from the PFG 10-Q filed May 6, 2009.

Other Investments

 

Other investments reported at fair value primarily include seed money investments, for which the fair value is determined using the net asset value of the fund.

 

Other Investments

 

Our other investments totaled $1,891.3 million as of March 31, 2009, compared to $2,162.4 million as of December 31, 2008. Derivatives assets accounted for $1,647.1 million in other investments as of March 31, 2009. The remaining invested assets include equity method investments, which include properties owned jointly with venture partners and operated by the partners.

 

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These excerpts taken from the PFG 10-K filed Feb 18, 2009.

Other Investments

        Our other investments totaled $2,162.4 million as of December 31, 2008, compared to $1,391.4 million as of December 31, 2007. Derivatives accounted for $1,873.2 million in other investments as of December 31, 2008. The remaining invested assets include equity method investments, which include properties owned jointly with venture partners and operated by the partners.

Other Investments



        Our other investments totaled $2,162.4 million as of December 31, 2008, compared to $1,391.4 million as of
December 31, 2007. Derivatives accounted for $1,873.2 million in other investments as of December 31, 2008. The remaining invested assets include equity method investments, which
include properties owned jointly with venture partners and operated by the partners.




Other Investments

        Other investments include minority interests in unconsolidated entities, domestic and international joint ventures and partnerships and properties owned jointly with venture partners and operated by the partners. Such investments are generally accounted for using the equity method. In applying the equity method, we record our share of income or loss reported by the equity investees. Changes in the value of our investment in equity investees attributable to capital transactions of the investee, such as an additional offering of stock, are recorded directly to stockholders' equity. Total assets of the unconsolidated entities were $17,392.7 million and $17,290.8 million at December 31, 2008 and 2007, respectively. Total revenues of the unconsolidated entities were $3,844.2 million, $3,382.1 million and $2,174.1 million in 2008, 2007 and 2006, respectively. During 2008, 2007 and 2006, we included $14.2 million, $106.1 million and $94.3 million, respectively, in net investment income representing our share of current year net income of the unconsolidated entities. In 2008, we experienced losses compared to gains in 2007 associated with certain equity method investments resulting from adverse market conditions. At December 31, 2008 and 2007, our net investment in unconsolidated entities was $501.0 million and $604.9 million, respectively.

        In the ordinary course of our business and as part of our investment operations, we have also entered into long-term contracts to make and purchase investments aggregating $121.7 million and $402.2 million at December 31, 2008 and 2007, respectively.

        Derivative assets are carried at fair value and reported as a component of other investments. Certain seed money investments are carried at fair value with changes in fair value included in net realized capital gains (losses) on our consolidated statements of operations.

Other Investments



        Other investments include minority interests in unconsolidated entities, domestic and international joint ventures and partnerships and
properties owned jointly with venture partners and operated by the partners. Such investments are generally accounted for using the equity method. In applying the equity method, we record our share of
income or loss reported by the equity investees. Changes in the value of our investment in equity investees attributable to capital transactions of the investee, such as an additional offering of
stock, are recorded directly to stockholders' equity. Total assets of the unconsolidated entities were $17,392.7 million and $17,290.8 million at December 31, 2008 and 2007,
respectively. Total revenues of the unconsolidated entities were $3,844.2 million, $3,382.1 million and $2,174.1 million in 2008, 2007 and 2006, respectively. During 2008, 2007
and 2006, we included $14.2 million, $106.1 million and $94.3 million, respectively, in net investment income representing our share of current year net income of the
unconsolidated entities. In 2008, we experienced losses compared to gains in 2007 associated with certain equity method investments resulting from adverse market conditions. At December 31,
2008 and 2007, our net investment in unconsolidated entities was $501.0 million and $604.9 million, respectively.



        In
the ordinary course of our business and as part of our investment operations, we have also entered into long-term contracts to make and purchase investments aggregating
$121.7 million and $402.2 million at December 31, 2008 and 2007, respectively.



        Derivative
assets are carried at fair value and reported as a component of other investments. Certain seed money investments are carried at fair value with changes in fair value included
in net realized capital gains (losses) on our consolidated statements of operations.



Other Investments

        Other investments reported at fair value primarily include seed money investments, for which the fair value is determined using the net asset value of the fund. The carrying amounts of other assets classified as other investments in the accompanying consolidated statements of financial position approximate their fair values.

Other Investments



        Other investments reported at fair value primarily include seed money investments, for which the fair value is determined using the net
asset value of the fund. The carrying amounts of other assets classified as other investments in the accompanying consolidated statements of financial position approximate their fair values.



This excerpt taken from the PFG 10-Q filed Nov 5, 2008.

Other Investments

 

Our other investments totaled $1,186.7 million as of September 30, 2008, compared to $1,391.4 million as of December 31, 2007. Derivatives accounted for $891.2 million in other investments as of September 30, 2008. The remaining invested assets include equity method investments, which include properties owned jointly with venture partners and operated by the partners.

 

This excerpt taken from the PFG 10-Q filed Aug 6, 2008.

Other Investments

 

Our other investments totaled $1,531.1 million as of June 30, 2008, compared to $1,391.4 million as of December 31, 2007. Derivatives accounted for $1,223.3 million in other investments as of June 30, 2008. The remaining invested assets include equity method investments, which include properties owned jointly with venture partners and operated by the partners.

 

80



 

This excerpt taken from the PFG 10-Q filed May 7, 2008.

Other Investments

 

Our other investments totaled $1,777.2 million as of March 31, 2008, compared to $1,391.4 million as of December 31, 2007. Derivatives accounted for $1,483.5 million in other investments as of March 31, 2008. The remaining invested assets include equity method investments, which include properties owned jointly with venture partners and operated by the partners.

 

These excerpts taken from the PFG 10-K filed Feb 27, 2008.

Other Investments

        Other investments include minority interests in unconsolidated entities, domestic and international joint ventures and partnerships and properties owned jointly with venture partners and operated by the partners. Such investments are generally accounted for using the equity method. In applying the equity method, we record our share of income or loss reported by the equity investees. Changes in the value of our investment in equity investees attributable to capital transactions of the investee, such as an additional offering of stock, are recorded directly to stockholders' equity. Total assets of the unconsolidated entities were $17,290.8 million and $12,010.2 million at December 31, 2007 and 2006, respectively. Total revenues of the unconsolidated entities were $3,382.1 million, $2,174.1 million and $1,785.6 million in 2007, 2006, and 2005, respectively. During 2007, 2006, and 2005, we included $106.1 million, $94.3 million and $89.3 million, respectively, in net investment income representing our share of current year net income of the unconsolidated entities. At December 31, 2007 and 2006, our net investment in unconsolidated entities was $604.9 million and $387.0 million, respectively.

        In the ordinary course of our business and as part of our investment operations, we have also entered into long term contracts to make and purchase investments aggregating $402.2 million and $677.2 million at December 31, 2007 and 2006, respectively.

        Derivative assets are carried at fair value and reported as a component of other investments. Certain seed money investments are carried at fair value with changes in fair value included in net income as net realized/unrealized capital gains or losses.

Other Investments



        Other investments include minority interests in unconsolidated entities, domestic and international joint ventures and partnerships and properties owned jointly
with venture partners and operated by the partners. Such investments are generally accounted for using the equity method. In applying the equity method, we record our share of income or loss reported
by the equity investees. Changes in the value of our investment in equity investees attributable to capital transactions of the investee, such as an additional offering of stock, are recorded directly
to stockholders' equity. Total assets of the unconsolidated entities were $17,290.8 million and $12,010.2 million at December 31, 2007 and 2006, respectively. Total revenues of
the unconsolidated entities were $3,382.1 million, $2,174.1 million and $1,785.6 million in 2007, 2006, and 2005, respectively. During 2007, 2006, and 2005, we included
$106.1 million, $94.3 million and $89.3 million, respectively, in net investment income representing our share of current year net income of the unconsolidated entities. At
December 31, 2007 and 2006, our net investment in unconsolidated entities was $604.9 million and $387.0 million, respectively.



        In
the ordinary course of our business and as part of our investment operations, we have also entered into long term contracts to make and purchase investments aggregating
$402.2 million and $677.2 million at December 31, 2007 and 2006, respectively.




        Derivative
assets are carried at fair value and reported as a component of other investments. Certain seed money investments are carried at fair value with changes in fair value included
in net income as net realized/unrealized capital gains or losses.



This excerpt taken from the PFG 10-Q filed Oct 31, 2007.

Other Investments

 

Our other investments totaled $1,249.9 million as of September 30, 2007, compared to $972.6 million as of December 31, 2006. Derivatives accounted for $971.7 million in other investments as of September 30, 2007. The remaining invested assets include equity method investments, which include properties owned jointly with venture partners and operated by the partners.

 

73



 

This excerpt taken from the PFG 10-Q filed Aug 1, 2007.

Other Investments

Our other investments totaled $1,150.0 million as of June 30, 2007, compared to $972.6 million as of December 31, 2006. Derivatives accounted for $884.3 million in other investments as of June 30, 2007. The remaining invested assets include equity method investments, which include properties owned jointly with venture partners and operated by the partners.

This excerpt taken from the PFG 10-Q filed May 2, 2007.

Other Investments

Our other investments totaled $991.2 million as of March 31, 2007, compared to $972.6 million as of December 31, 2006. Derivatives accounted for $697.3 million in other investments as of March 31, 2007. The remaining invested assets include equity method investments, which include properties owned jointly with venture partners and operated by the partners.

This excerpt taken from the PFG 10-K filed Feb 28, 2007.

Other Investments

        Other investments include minority interests in unconsolidated entities, domestic and international joint ventures and partnerships and properties owned jointly with venture partners and operated by the partners. Such investments are generally accounted for using the equity method. In applying the equity method, we record our share of income or loss reported by the equity investees. Changes in the value of our investment in equity investees attributable to capital transactions of the investee, such as an additional offering of stock, are recorded directly to stockholders' equity. Total assets of the unconsolidated entities were $12,010.2 million and $9,331.6 million at December 31, 2006 and 2005, respectively. Total revenues of the unconsolidated entities were $2,174.1 million, $1,785.6 million and $1,302.7 million in 2006, 2005 and 2004, respectively. During 2006, 2005 and 2004, we included $94.3 million, $89.3 million and $61.0 million, respectively, in net investment income representing our share of current year net income of the unconsolidated entities. At December 31, 2006 and 2005, our net investment in unconsolidated entities was $387.0 million and $321.7 million, respectively.

        In the ordinary course of our business and as part of our investment operations, we have also entered into long term contracts to make and purchase investments aggregating $677.2 million and $882.8 million at December 31, 2006 and 2005, respectively.

124


Principal Financial Group, Inc.

Notes to Consolidated Financial Statements — (continued)

6.    Investments — (continued)


        Derivative assets are carried at fair value and reported as a component of other investments. Certain seed money investments are carried at fair value with changes in fair value included in net income as net realized/unrealized capital gains or losses.

This excerpt taken from the PFG 10-Q filed Nov 1, 2006.

Other Investments

Our other investments totaled $868.3 million as of September 30, 2006, compared to $755.3 million as of December 31, 2005. Derivatives accounted for $590.8 million in other investments as of September 30, 2006. The remaining invested assets include equity method investments, which include properties owned jointly with venture partners and operated by the partners.

This excerpt taken from the PFG 10-Q filed Aug 2, 2006.

Other Investments

Our other investments totaled $1,010.5 million as of June 30, 2006, compared to $755.3 million as of December 31, 2005. Derivatives accounted for $723.8 million in other investments as of June 30, 2006. The remaining invested assets include equity method investments, which include properties owned jointly with venture partners and operated by the partners.

This excerpt taken from the PFG 10-Q filed May 4, 2006.

Other Investments

 

Our other investments totaled $797.9 million as of March 31, 2006, compared to $755.3 million as of December 31, 2005. Derivatives accounted for $502.9 million in other investments as of March 31, 2006. The remaining invested assets include equity method investments, which include properties owned jointly with venture partners and operated by the partners.

 

This excerpt taken from the PFG 10-K filed Mar 2, 2006.

Other Investments

        Other investments include minority interests in unconsolidated entities and properties owned jointly with venture partners and operated by the partners. Such investments are generally accounted for using the equity method. In applying the equity method, we record our share of income or loss reported by the equity investees. Changes in the value of our investment in equity investees attributable to capital transactions of the investee, such as an additional offering of stock, are recorded directly to stockholders' equity. Total assets of the unconsolidated entities amounted to $9,331.6 million and $6,901.1 million at December 31, 2005 and 2004, respectively. Total revenues of the unconsolidated entities were $1,785.6 million, $1,302.7 million and $752.9 million in 2005, 2004 and 2003, respectively. During 2005, 2004 and 2003, we included $89.3 million, $61.0 million and $40.3 million, respectively, in net investment income representing our share of current year net income of the unconsolidated entities. At December 31, 2005 and 2004, our net investment in unconsolidated entities was $321.7 million and $264.8 million, respectively, which primarily included our minority interests in domestic and international joint ventures and partnerships.

        In the ordinary course of our business and as part of our investment operations, we have also entered into long term contracts to make and purchase investments aggregating $882.8 million and $1,268.9 million at December 31, 2005 and 2004, respectively.

        Derivative assets are reflected on our consolidated statements of financial position and reported as a component of other investments. Certain seed money investments are carried at fair value with changes in fair value included in net income as net realized/unrealized capital gains or losses.

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