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: 2015 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows from operating activities of continuing operations | |||
| Net income before attribution of noncontrolling interests | $ 17,332 | 7,502 | 13,886 |
| Net income attributable to noncontrolling interests | 90 | 192 | 227 |
| Citigroups net income | 17,242 | 7,310 | 13,659 |
| Loss from discontinued operations, net of taxes | (54) | (2) | (90) |
| Gain on sale, net of taxes | 0 | 0 | 360 |
| Income from continuing operationsexcluding noncontrolling interests | 17,296 | 7,312 | 13,389 |
| Adjustments to reconcile net income to net cash provided by operating activities of continuing operations | |||
| Gains on significant disposals(1) | (3,210) | (452) | 0 |
| Amortization of deferred policy acquisition costs and present value of future profits | 191 | 210 | 194 |
| Additions to deferred policy acquisition costs | (62) | (64) | (54) |
| Depreciation and amortization | 3,506 | 3,589 | 3,303 |
| Deferred tax provision | 2,794 | 3,347 | 2,699 |
| Provision for loan losses | 7,108 | 6,828 | 7,604 |
| Realized gains from sales of investments | (682) | (570) | (748) |
| Net impairment losses on investments, goodwill and intangible assets | 318 | 426 | 535 |
| Change in trading account assets | 46,830 | (10,858) | 35,001 |
| Change in trading account liabilities | (21,524) | 30,274 | (6,787) |
| Change in brokerage receivables net of brokerage payables | 2,278 | (4,272) | (6,490) |
| Change in loans held-for-sale (HFS) | (7,207) | (1,144) | 4,321 |
| Change in other assets | (32) | (1,690) | 13,028 |
| Change in other liabilities | (1,135) | 7,973 | (7,880) |
| Other, net | (6,732) | 5,434 | 5,129 |
| Total adjustments | 22,441 | 39,031 | 49,855 |
| Net cash provided by operating activities of continuing operations | 39,737 | 46,343 | 63,244 |
| Cash flows from investing activities of continuing operations | |||
| Change in deposits with banks | 15,488 | 40,916 | (66,871) |
| Change in federal funds sold and securities borrowed or purchased under agreements to resell | 22,895 | 14,467 | 4,274 |
| Change in loans | 1,353 | 1,170 | (30,198) |
| Proceeds from sales and securitizations of loans | 9,610 | 4,752 | 9,123 |
| Purchases of investments | (242,362) | (258,992) | (220,823) |
| Proceeds from sales of investments | 141,470 | 135,824 | 131,100 |
| Proceeds from maturities of investments | 82,047 | 94,117 | 84,831 |
| Proceeds from significant disposals | 5,932 | 346 | 0 |
| Payments due to transfers of net liabilities associated with significant disposals | (18,929) | (1,255) [1] | 0 |
| Capital expenditures on premises and equipment and capitalized software | (3,198) | (3,386) | (3,490) |
| Proceeds from sales of premises and equipment, subsidiaries and affiliates, and repossessed assets | 577 | 623 | 716 |
| Net cash provided by (used in) investing activities of continuing operations | 14,883 | 28,582 | (91,338) |
| Cash flows from financing activities of continuing operations | |||
| Dividends paid | (1,253) | (633) | (314) |
| Issuance of preferred stock | 6,227 | 3,699 | 4,192 |
| Redemption of preferred stock | 0 | 0 | (94) |
| Treasury stock acquired | (5,452) | (1,232) | (837) |
| Stock tendered for payment of withholding taxes | (428) | (508) | (452) |
| Change in federal funds purchased and securities loaned or sold under agreements to repurchase | (26,942) | (30,074) | (7,724) |
| Issuance of long-term debt | 44,619 | 66,836 | 54,405 |
| Payments and redemptions of long-term debt | (52,843) | (58,923) | (63,994) |
| Change in deposits | 8,555 | (48,336) | 37,713 |
| Change in short-term borrowings | (37,256) | (1,099) | 199 |
| Net cash provided by (used in) financing activities of continuing operations | (64,773) | (70,270) | 23,094 |
| Effect of exchange rate changes on cash and cash equivalents | (1,055) | (2,432) | (1,558) |
| Net cash used in discontinued operations | 0 | 0 | (10) |
| Change in cash and due from banks | (11,208) | 2,223 | (6,568) |
| Cash and due from banks at beginning of period | 32,108 | 29,885 | |
| Cash and due from banks at end of period | 20,900 | 32,108 | 29,885 |
| Supplemental disclosure of cash flow information for continuing operations | |||
| Cash paid during the year for income taxes | 4,978 | 4,632 | 4,495 |
| Cash paid during the year for interest | 12,031 | 14,001 | 15,655 |
| Non-cash investing activities | |||
| Change in loans due to consolidation/deconsolidation of VIEs | 0 | (374) | 6,718 |
| Decrease in net loans associated with significant disposals reclassified to HFS | (9,063) | 0 | 0 |
| Decrease in investments associated with significant disposals reclassified to HFS | (1,402) | 0 | 0 |
| Decrease in goodwill and intangible assets associated with significant disposals reclassified to HFS | (223) | 0 | 0 |
| Decrease in deposits with banks with significant disposals reclassified to HFS | (404) | 0 | 0 |
| Transfers to loans HFS from loans | 28,600 | 15,100 | 17,300 |
| Transfers to OREO and other repossessed assets | 276 | 321 | 325 |
| Non-cash financing activities | |||
| Decrease in long-term debt associated with significant disposals reclassified to HFS | (4,673) | 0 | 0 |
| Decrease in deposits associated with reclassification to HFS | 0 | (20,605) | 0 |
| Increase in short-term borrowings due to consolidation of VIEs | 0 | 500 | 6,718 |
| Decrease in long-term debt due to deconsolidation of VIEs | 0 | (864) | 0 |
| [1] See Note 1 to the Consolidated Financial Statements for the adoption of ASU No. 2014-08 in the second quarter of 2014 and Note 2 for further information on significant disposals. | The payments associated with significant disposals result primarily from the sale of deposit liabilities. | |||
| External Links | |
| CITIGROUP INC (C) Fiscal Year 2015 | |
| 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 |