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: 2018 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 22, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash flows from operating activities of continuing operations | |||
| Citigroups net income | $ 18,080 | (6,738) | 14,975 |
| Net income attributable to noncontrolling interests | 35 | 60 | 63 |
| Citigroups net income (loss) | 18,045 | (6,798) | 14,912 |
| Loss from discontinued operations, net of taxes | (8) | (111) | (58) |
| Income (loss) from continuing operationsexcluding noncontrolling interests | 18,053 | (6,687) | 14,970 |
| Adjustments to reconcile net income to net cash provided by operating activities of continuing operations | |||
| Net gains on significant disposals | (247) | (602) | (404) |
| Depreciation and amortization | 3,754 | 3,659 | 3,720 |
| Deferred tax provision | (51) [1] | 24,877 | 1,459 |
| Provision for loan losses | 7,354 | 7,503 | 6,749 |
| Realized gains from sales of investments | (421) | (778) | (948) |
| Net impairment losses on investments, goodwill and intangible assets | 132 | 91 | 621 |
| Change in trading account assets | (3,469) | (7,038) | (3,092) |
| Change in trading account liabilities | 19,135 | (15,375) | 21,409 |
| Change in brokerage receivables, net of brokerage payables | 6,163 | (5,307) | 2,226 |
| Change in loans HFS | 770 | 247 | 6,603 |
| Change in other assets | (5,791) | (3,364) | (6,676) |
| Change in other liabilities | (871) | (3,044) | 96 |
| Other, net | (7,559) | (2,956) | 7,000 |
| Total adjustments | 18,899 | (2,087) | 38,763 |
| Net cash provided by (used in) operating activities of continuing operations | 36,952 | (8,774) | 53,733 |
| Cash flows from investing activities of continuing operations | |||
| Change in federal funds sold and securities borrowed or purchased under agreements to resell | (38,206) | 4,335 | (17,138) |
| Change in loans | (29,002) | (58,062) | (39,761) |
| Proceeds from sales and securitizations of loans | 4,549 | 8,365 | 18,140 |
| Purchases of investments | (186,987) | (185,740) | (211,402) |
| Proceeds from sales of investments | 61,491 | 107,368 | 132,183 [2] |
| Proceeds from maturities of investments | 118,104 | 84,369 | 65,525 |
| Proceeds from significant disposals | 314 | 3,411 [3] | 265 |
| Capital expenditures on premises and equipment and capitalized software | (3,774) | (3,361) | (2,756) |
| Proceeds from sales of premises and equipment, subsidiaries and affiliates and repossessed assets | 212 | 377 | 667 |
| Other, net | 181 | 187 | 142 |
| Net cash used in investing activities of continuing operations | (73,118) | (38,751) | (54,135) |
| Cash flows from financing activities of continuing operations | |||
| Dividends paid | (5,020) | (3,797) | (2,287) |
| Issuance (redemption) of preferred stock | (793) | 0 | 2,498 |
| Treasury stock acquired | (14,433) | (14,541) | (9,290) |
| Stock tendered for payment of withholding taxes | (482) | (405) | (316) |
| Change in federal funds purchased and securities loaned or sold under agreements to repurchase | 21,491 | 14,456 | (4,675) |
| Issuance of long-term debt | 60,655 | 67,960 | 63,806 |
| Payments and redemptions of long-term debt | (58,132) | (40,986) | (55,460) |
| Change in deposits | 53,348 | 30,416 | 24,394 |
| Change in short-term borrowings | (12,106) | 13,751 | 9,622 |
| Net cash provided by financing activities of continuing operations | 44,528 | 66,854 | 28,292 |
| Effect of exchange rate changes on cash and cash equivalents | (773) | 693 | (493) |
| Change in cash and due from banks and deposits with banks | 7,589 [4] | 20,022 | 27,397 |
| Cash, due from banks and deposits with banks at begining of period | 180,516 | 160,494 | |
| Cash, due from banks and deposits with banks at end of period | 188,105 | 180,516 | 160,494 |
| Cash and due from banks | 23,645 | 23,775 | 23,043 |
| Deposits with banks | 164,460 | 156,741 | 137,451 |
| Cash, due from banks and deposits with banks at end of period | 188,105 | 180,516 | 160,494 |
| Supplemental disclosure of cash flow information for continuing operations | |||
| Cash paid during the year for income taxes | 4,313 | 2,083 | 4,359 |
| Cash paid during the year for interest | 22,963 | 15,675 | 12,067 |
| Non-cash investing activities | |||
| Transfers to loans HFS from loans | 4,200 | 5,900 | 13,900 |
| Transfers to OREO and other repossessed assets | 151 | 113 | 165 |
| [2] Proceeds for 2016 include approximately $3.3 billion from the sale of Citis investment in China Guangfa Bank. | |||
| [3] See Note 2 to the Consolidated Financial Statements for further information on significant disposals. | |||
| [4] Includes the impact of ASU 2016-18, Restricted Cash. See Notes 1 and 26 to the Consolidated Financial Statements. | |||
| [1] Includes the full impact of the $22.6 billion non-cash charge related to the Tax Cuts and Jobs Act (Tax Reform) in 2017. See Notes 1 and 9 to the Consolidated Financial Statements for further information. | |||
| External Links | |
| CITIGROUP INC (C) Fiscal Year 2018 | |
| 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 |