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: 2017 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows from operating activities of continuing operations | |||
| Citigroups net income | $ (6,738) | 14,975 | 17,332 |
| Net income attributable to noncontrolling interests | 60 | 63 | 90 |
| Citigroups net income (loss) | (6,798) | 14,912 | 17,242 |
| Loss from discontinued operations, net of taxes | (111) | (58) | (54) |
| Income (loss) from continuing operationsexcluding noncontrolling interests | (6,687) | 14,970 | 17,296 |
| Adjustments to reconcile net income to net cash provided by operating activities of continuing operations | |||
| Net gains on significant disposals | (602) | (404) | (3,210) [1] |
| Depreciation and amortization | 3,659 | 3,720 | 3,506 |
| Deferred tax provision | 24,877 [2] | 1,459 | 2,794 |
| Provision for loan losses | 7,503 | 6,749 | 7,108 |
| Realized gains from sales of investments | (778) | (948) | (682) |
| Net impairment losses on investments, goodwill and intangible assets | 91 | 621 | 318 |
| Change in trading account assets | (7,726) | (2,710) | 46,830 |
| Change in trading account liabilities | (14,998) | 21,533 | (21,524) |
| Change in brokerage receivables, net of brokerage payables | (5,307) | 2,226 | 2,278 |
| Change in loans held-for-sale (HFS) | 247 | 6,603 | (7,207) |
| Change in other assets | (2,489) | (6,859) | (32) |
| Change in other liabilities | (3,421) | (28) | (1,135) |
| Other, net | (2,956) | 7,000 | (6,603) |
| Total adjustments | (1,900) | 38,962 | 22,441 |
| Net cash provided by (used in) operating activities of continuing operations | (8,587) | 53,932 | 39,737 |
| Cash flows from investing activities of continuing operations | |||
| Change in deposits with banks | (19,290) | (25,311) | 15,488 |
| Change in federal funds sold and securities borrowed or purchased under agreements to resell | 4,335 | (17,138) | 22,895 |
| Change in loans | (58,062) | (39,761) | 1,353 |
| Proceeds from sales and securitizations of loans | 8,365 | 18,140 | 9,610 |
| Purchases of investments | (185,740) | (211,402) | (242,362) |
| Proceeds from sales of investments | 107,368 | 132,183 | 141,470 [3] |
| Proceeds from maturities of investments | 84,369 | 65,525 | 82,047 |
| Proceeds from significant disposals | 3,411 | 265 | 5,932 |
| Payments due to transfers of net liabilities associated with significant disposals | 0 [4] | 0 | (18,929) |
| Capital expenditures on premises and equipment and capitalized software | (3,361) | (2,756) | (3,198) |
| Proceeds from sales of premises and equipment, subsidiaries and affiliates and repossessed assets | 377 | 667 | 577 |
| Net cash provided by (used in) investing activities of continuing operations | (58,228) | (79,588) | 14,883 |
| Cash flows from financing activities of continuing operations | |||
| Dividends paid | (3,797) | (2,287) | (1,253) |
| Issuance of preferred stock | 0 | 2,498 | 6,227 |
| Treasury stock acquired | (14,541) | (9,290) | (5,452) |
| Stock tendered for payment of withholding taxes | (405) | (316) | (428) |
| Change in federal funds purchased and securities loaned or sold under agreements to repurchase | 14,456 | (4,675) | (26,942) |
| Issuance of long-term debt | 67,960 | 63,806 | 44,619 |
| Payments and redemptions of long-term debt | (40,986) | (55,460) | (52,843) |
| Change in deposits | 30,416 | 24,394 | 8,555 |
| Change in short-term borrowings | 13,751 | 9,622 | (37,256) |
| Net cash provided by (used in) financing activities of continuing operations | 66,854 | 28,292 | (64,773) |
| Effect of exchange rate changes on cash and cash equivalents | 693 | (493) | (1,055) |
| Change in cash and due from banks | 732 | 2,143 | (11,208) |
| Cash and due from banks at beginning of period | 23,043 | 20,900 | |
| Cash and due from banks at end of period | 23,775 | 23,043 | 20,900 |
| Supplemental disclosure of cash flow information for continuing operations | |||
| Cash paid during the year for income taxes | 2,083 | 4,359 | 4,978 |
| Cash paid during the year for interest | 15,675 | 12,067 | 12,031 |
| Non-cash investing activities | |||
| Decrease in net loans associated with significant disposals reclassified to HFS | 0 | 0 | (9,063) |
| Decrease in investments associated with significant disposals reclassified to HFS | 0 | 0 | (1,402) |
| Decrease in goodwill and intangible assets associated with significant disposals reclassified to HFS | 0 | 0 | (223) |
| Decrease in deposits associated with banks with significant disposals reclassified to HFS | 0 | 0 | (404) |
| Transfers to loans HFS from loans | 5,900 | 13,900 | 28,600 |
| Transfers to OREO and other repossessed assets | 113 | 165 | 276 |
| Non-cash financing activities | |||
| Decrease in long-term debt associated with significant disposals reclassified to HFS | 0 | 0 | (4,673) |
| [1] See Note 2 to the Consolidated Financial Statements for further information on significant disposals. | |||
| [2] Includes the full impact of the $22.6 billion non-cash charge related to the Tax Cuts and Jobs Act (Tax Reform). See Notes 1 and 9 to the Consolidated Financial Statements for further information. | |||
| [3] Proceeds for 2016 include approximately $3.3 billion from the sale of Citis investment in China Guangfa Bank. | |||
| [4] The payments associated with significant disposals result primarily from the sale of deposit liabilities. | |||
| External Links | |
| CITIGROUP INC (C) Fiscal Year 2017 | |
| 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 |