10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CITIGROUP INC | |||
Ticker: C Fiscal Year: 2013 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2013 10-K (Filed: Mar 3, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities of continuing operations | |||
| Net income before attribution of noncontrolling interests | $ 13,900 | 7,760 | 11,215 |
| Net income attributable to noncontrolling interests | 227 | 219 | 148 |
| Citigroup's net income | 13,673 | 7,541 | 11,067 |
| Loss from discontinued operations, net of taxes | (90) | (57) | (27) |
| Gain (loss) on sale, net of taxes | 360 | (1) | 95 |
| Income from continuing operations-excluding noncontrolling interests | 13,403 | 7,599 | 10,999 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities of continuing operations | |||
| Amortization of deferred policy acquisition costs and present value of future profits | 194 | 203 | 250 |
| (Additions) reductions to deferred policy acquisition costs | (54) | 85 | (54) |
| Depreciation and amortization | 3,303 | 2,507 | 2,872 |
| Deferred tax provision (benefit) | 2,380 | (4,091) | (74) |
| Provision for credit losses | 7,684 | 10,832 | 11,824 |
| Realized gains from sales of investments | (748) | (3,251) | (1,997) |
| Net impairment losses recognized in earnings | 535 | 4,971 | 2,254 |
| Change in trading account assets | 35,001 | (29,195) | 38,238 |
| Change in trading account liabilities | (6,787) | (10,533) | (2,972) |
| Change in federal funds sold and securities borrowed or purchased under agreements to resell | 4,274 | 14,538 | (29,132) |
| Change in federal funds purchased and securities loaned or sold under agreements to repurchase | (7,724) | 12,863 | 8,815 |
| Change in brokerage receivables net of brokerage payables | (6,490) | 945 | 8,383 |
| Change in loans held-for-sale | 4,321 | (1,106) | 1,021 |
| Change in other assets | 13,332 | (530) | 14,949 |
| Change in other liabilities | (7,880) | (1,457) | (3,814) |
| Other, net | 2,666 | 9,885 | 3,233 |
| Total adjustments | 44,007 | 6,666 | 53,796 |
| Net cash provided by operating activities of continuing operations | 57,410 | 14,265 | 64,795 |
| Cash flows from investing activities of continuing operations | |||
| Change in deposits with banks | (66,871) | 53,650 | 6,653 |
| Change in loans | (27,892) | (28,817) | (31,597) |
| Proceeds from sales and securitizations of loans | 9,123 | 7,287 | 10,022 |
| Purchases of investments | (220,823) | (256,907) | (314,250) |
| Proceeds from sales of investments | 131,100 | 143,853 | 182,566 |
| Proceeds from maturities of investments | 84,831 | 102,020 | 139,959 |
| Capital expenditures on premises and equipment and capitalized software | (3,490) | (3,604) | (3,448) |
| Proceeds from sales of premises and equipment, subsidiaries and affiliates, and repossessed assets | 716 | 1,089 | 1,323 |
| Net cash provided by (used in) investing activities of continuing operations | (93,306) | 18,571 | (8,772) |
| Cash flows from financing activities of continuing operations | |||
| Dividends paid | (314) | (143) | (107) |
| Issuance of preferred stock | 4,270 | 2,250 | |
| Redemption of preferred stock | (94) | ||
| Issuance of ADIA Upper DECs equity units purchase contract | 3,750 | ||
| Treasury stock acquired | (837) | (5) | (1) |
| Stock tendered for payment of withholding taxes | (452) | (194) | (230) |
| Issuance of long-term debt | 54,405 | 27,843 | 30,242 |
| Payments and redemptions of long-term debt | (63,994) | (117,575) | (89,091) |
| Change in deposits | 37,713 | 64,624 | 23,858 |
| Change in short-term borrowings | 199 | (2,164) | (25,067) |
| Net cash provided by (used in) financing activities of continuing operations | 30,896 | (25,364) | (56,646) |
| Effect of exchange rate changes on cash and cash equivalents | (1,558) | 274 | (1,301) |
| Discontinued operations | |||
| Net cash provided by discontinued operations | (10) | 6 | 2,653 |
| Change in cash and due from banks | (6,568) | 7,752 | 729 |
| Cash and due from banks at beginning of year | 36,453 | 28,701 | |
| Cash and due from banks at end of year | 29,885 | 36,453 | 28,701 |
| Supplemental disclosure of cash flow information for continuing operations | |||
| Cash paid during the year for income taxes | 4,495 | 3,900 | 2,705 |
| Cash paid during the year for interest | 14,383 | 19,739 | 21,230 |
| Non-cash investing activities | |||
| Increase in corporate loans due to consolidation of a commercial paper conduit | 6,718 | ||
| Transfers to loans held-for-sale from loans | 17,300 | 8,700 | 27,400 |
| Transfers to OREO and other repossessed assets | 325 | 500 | 1,284 |
| Transfers to trading account assets from investments (held-to-maturity) | 12,700 | ||
| Non-cash financing activities | |||
| Increase in short-term borrowings due to consolidation of a commercial paper conduit | 6,718 | ||
| External Links | |
| CITIGROUP INC (C) Fiscal Year 2013 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |