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: 2016 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 24, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities of continuing operations | |||
| Net income before attribution of noncontrolling interests | $ 14,975 | 17,332 | 7,502 |
| Net income attributable to noncontrolling interests | 63 | 90 | 192 |
| Citigroups net income | 14,912 | 17,242 | 7,310 |
| Loss from discontinued operations, net of taxes | (58) | (54) | (2) |
| Income from continuing operationsexcluding noncontrolling interests | 14,970 | 17,296 | 7,312 |
| Adjustments to reconcile net income to net cash provided by operating activities of continuing operations | |||
| Gains on significant disposals | (404) | (3,210) | (452) |
| Amortization of deferred policy acquisition costs and present value of future profits | 33 | 191 | 210 |
| Additions to deferred policy acquisition costs | (41) | (62) | (64) |
| Depreciation and amortization | 3,720 | 3,506 | 3,589 |
| Deferred tax provision | 1,459 | 2,794 | 3,347 |
| Provision for loan losses | 6,749 | 7,108 | 6,828 |
| Realized gains from sales of investments | (948) | (682) | (570) |
| Net impairment losses on investments, goodwill and intangible assets | 621 | 318 | 426 |
| Change in trading account assets | (2,710) | 46,830 | (10,858) |
| Change in trading account liabilities | 21,533 | (21,524) | 30,274 |
| Change in brokerage receivables, net of brokerage payables | 2,226 | 2,278 | (4,272) |
| Change in loans held-for-sale (HFS) | 6,603 | (7,207) | (1,144) |
| Change in other assets | (6,859) | (32) | (1,690) |
| Change in other liabilities | (28) | (1,135) | 7,973 |
| Other, net | 7,008 | (6,732) | 5,434 |
| Total adjustments | 38,962 | 22,441 | 39,031 |
| Net cash provided by operating activities of continuing operations | 53,932 | 39,737 | 46,343 |
| Cash flows from investing activities of continuing operations | |||
| Change in deposits with banks | (25,311) | 15,488 | 40,916 |
| Change in federal funds sold and securities borrowed or purchased under agreements to resell | (17,138) | 22,895 | 14,467 |
| Change in loans | (39,761) | 1,353 | 1,170 |
| Proceeds from sales and securitizations of loans | 18,140 | 9,610 | 4,752 |
| Purchases of investments | (211,402) | (242,362) | (258,992) |
| Proceeds from sales of investments | 132,183 | 141,470 | 135,824 [1] |
| Proceeds from maturities of investments | 65,525 | 82,047 | 94,117 |
| Proceeds from significant disposals | 265 | 5,932 | 346 |
| Payments due to transfers of net liabilities associated with significant disposals | 0 [2] | (18,929) | (1,255) |
| Capital expenditures on premises and equipment and capitalized software | (2,756) | (3,198) | (3,386) |
| Proceeds from sales of premises and equipment, subsidiaries and affiliates, and repossessed assets | 667 | 577 | 623 |
| Net cash provided by (used in) investing activities of continuing operations | (79,588) | 14,883 | 28,582 |
| Cash flows from financing activities of continuing operations | |||
| Dividends paid | (2,287) | (1,253) | (633) |
| Issuance of preferred stock | 2,498 | 6,227 | 3,699 |
| Treasury stock acquired | (9,290) | (5,452) | (1,232) |
| Stock tendered for payment of withholding taxes | (316) | (428) | (508) |
| Change in federal funds purchased and securities loaned or sold under agreements to repurchase | (4,675) | (26,942) | (30,074) |
| Issuance of long-term debt | 63,806 | 44,619 | 66,836 |
| Payments and redemptions of long-term debt | (55,460) | (52,843) | (58,923) |
| Change in deposits | 24,394 | 8,555 | (48,336) |
| Change in short-term borrowings | 9,622 | (37,256) | (1,099) |
| Net cash provided by (used in) financing activities of continuing operations | 28,292 | (64,773) | (70,270) |
| Effect of exchange rate changes on cash and cash equivalents | (493) | (1,055) | (2,432) |
| Change in cash and due from banks | 2,143 | (11,208) | 2,223 |
| Cash and due from banks at beginning of period | 20,900 | 32,108 | |
| Cash and due from banks at end of period | 23,043 | 20,900 | 32,108 |
| Supplemental disclosure of cash flow information for continuing operations | |||
| Cash paid during the year for income taxes | 4,359 | 4,978 | 4,632 |
| Cash paid during the year for interest | 12,067 | 12,031 | 14,001 |
| Non-cash investing activities | |||
| Change in loans due to consolidation/deconsolidation of VIEs | 0 | 0 | (374) |
| Decrease in net loans associated with significant disposals reclassified to HFS | 0 | (9,063) | 0 |
| Decrease in investments associated with significant disposals reclassified to HFS | 0 | (1,402) | 0 |
| Decrease in goodwill and intangible assets associated with significant disposals reclassified to HFS | 0 | (223) | 0 |
| Decrease in deposits associated with banks with significant disposals reclassified to HFS | 0 | (404) | 0 |
| Transfers to loans HFS from loans | 13,900 | 28,600 | 15,100 |
| Transfers to OREO and other repossessed assets | 165 | 276 | 321 |
| Non-cash financing activities | |||
| Decrease in long-term debt associated with significant disposals reclassified to HFS | 0 | (4,673) | 0 |
| Decrease in deposits associated with reclassification to HFS | 0 | 0 | (20,605) |
| Increase in short-term borrowings due to consolidation of VIEs | 0 | 0 | 500 |
| Decrease in long-term debt due to deconsolidation of VIEs | 0 | 0 | (864) |
| Investment, Name | |||
| China Guangfa Bank | |||
| Proceeds from sales of investments | 3,300 | ||
| [1] Proceeds for 2016 include approximately $3.3 billion from the sale of Citis investment in China Guangfa Bank. | |||
| [2] The payments associated with significant disposals result primarily from the sale of deposit liabilities. | 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. | |||
| External Links | |
| CITIGROUP INC (C) Fiscal Year 2016 | |
| 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 |