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: 2022 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 27, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities of continuing operations | |||
| Net income before attribution of noncontrolling interests | $ 14,934 | 22,025 | 11,087 |
| Net income attributable to noncontrolling interests | 89 | 73 | 40 |
| Citigroups net income | 14,845 | 21,952 | 11,047 |
| Income (loss) from discontinued operations, net of taxes | (231) | 7 | (20) |
| Income from continuing operationsexcluding noncontrolling interests | 15,076 | 21,945 | 11,067 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities of continuing operations | |||
| Net loss (gain) on sale of significant disposals | (762) | 700 | 0 |
| Depreciation and amortization | 4,262 | 3,964 | 3,937 |
| Deferred income taxes | (1,141) | 1,413 | (2,333) |
| Provisions for credit losses on loans and unfunded lending commitments | 5,036 | (3,891) | 17,368 |
| Realized gains from sales of investments | (67) | (665) | (1,756) |
| Impairment losses on investments and other assets | 499 | 206 | 165 |
| Goodwill impairment | 535 | 0 | 0 |
| Change in trading account assets | (2,273) | 43,059 | (98,997) |
| Change in trading account liabilities | 9,118 | (6,498) | 48,133 |
| Change in brokerage receivables net of brokerage payables | 7,936 | 1,412 | (3,066) |
| Change in loans held-for-sale (HFS) | 4,421 | (3,809) | 1,202 |
| Change in other assets | (4,992) | (2,139) | (1,012) |
| Change in other liabilities | 5,343 | 6,839 | 558 |
| Other, net | (17,922) | (15,446) | 1,246 |
| Total adjustments | 9,993 | 25,145 | (34,555) |
| Net cash provided by (used in) operating activities of continuing operations( | 25,069 | 47,090 | (23,488) |
| Cash flows from investing activities of continuing operations | |||
| Change in securities borrowed and purchased under agreements to resell | (38,113) | (32,576) | (43,390) |
| Change in loans | (16,591) | (1,173) | 14,249 |
| Proceeds from sales and securitizations of loans | 4,709 | 2,918 | 1,495 |
| Proceeds from divestitures | 5,741 | 0 | 0 |
| Available-for-sale debt securities | |||
| Purchases of investments | (218,747) | (205,980) [1] | (306,801) |
| Proceeds from sales of investments | 79,687 | 125,895 | 144,035 |
| Proceeds from maturities of investments | 140,934 | 120,936 | 110,941 |
| Held-to-maturity debt securities | |||
| Purchases of investments | (42,903) | (136,450) | (25,586) |
| Proceeds from maturities of investments | 12,188 | 21,164 | 15,215 |
| Capital expenditures on premises and equipment and capitalized software | (5,632) | (4,119) | (3,446) |
| Proceeds from sales of premises and equipment, subsidiaries and affiliates and repossessed assets | 63 | 190 | 50 |
| Other, net | (791) | (1,551) | 793 |
| Net cash used in investing activities of continuing operations | (79,455) | (110,746) | (92,445) |
| Cash flows from financing activities of continuing operations | |||
| Dividends paid | (5,003) | (5,198) | (5,352) |
| Issuance of preferred stock | 0 | 3,300 | 2,995 |
| Redemption of preferred stock | 0 | (3,785) | (1,500) |
| Treasury stock acquired | (3,250) | (7,601) | (2,925) |
| Stock tendered for payment of withholding taxes | (344) | (337) | (411) |
| Change in securities loaned and sold under agreements to repurchase | 11,159 | (8,240) | 33,186 |
| Issuance of long-term debt | 104,748 | 70,658 | 76,458 |
| Payments and redemptions of long-term debt | (57,085) | (74,950) | (63,402) |
| Change in deposits | 68,415 | 44,966 | 210,081 |
| Change in short-term borrowings | 19,123 | (1,541) | (15,535) |
| Net cash provided by financing activities of continuing operations | 137,763 | 17,272 | 233,595 |
| Effect of exchange rate changes on cash and due from banks | (3,385) | (1,198) | (1,966) |
| Change in cash, due from banks and deposits with banks | 79,992 | (47,582) | 115,696 |
| Cash, due from banks and deposits with banks at beginning of year | 262,033 | 309,615 | |
| Cash, due from banks and deposits with banks at end of year | 342,025 | 262,033 | 309,615 |
| Cash and due from banks (including segregated cash and other deposits) | 30,577 | 27,515 | 26,349 |
| Deposits with banks, net of allowance | 311,448 | 234,518 | 283,266 |
| Cash, due from banks and deposits with banks at end of period | 342,025 | 262,033 | 309,615 |
| Supplemental disclosure of cash flow information for continuing operations | |||
| Cash paid during the year for income taxes | 3,733 | 4,028 | 4,797 |
| Cash paid during the year for interest | 22,615 | 7,143 | 12,094 |
| Non-cash investing and financing activities | |||
| Transfer of investment securities from AFS to HTM | 21,688 | 0 | 0 |
| Decrease in net loans associated with divestitures reclassified to HFS | 16,956 | 9,945 | 0 [2] |
| Decrease in goodwill associated with divestitures reclassified to HFS | 876 | 0 | 0 |
| Transfers to loans HFS (Other assets) from loans | 5,582 | 7,414 | 2,614 |
| Decrease in long-term debt associated with divestitures reclassified to HFS | 0 | 479 | 0 |
| Decrease in deposits associated with divestitures reclassified to HFS | 19,691 | 8,407 | 0 |
| [1] Citi has revised the Consolidated Statement of Cash Flows to present purchases of investments, sales of investments and proceeds from maturities of investments separately between AFS debt securities and HTM debt securities. Citi had no sales of HTM debt securities during the periods presented. | See Statement of Cash Flows in Note 1. | |||
| [2] See Note 2 for further information on significant disposals. | Operating and finance lease right-of-use assets and lease liabilities represent non-cash investing and financing activities, respectively, and are not included in the non-cash investing activities presented here. See Note 28 for more information and balances as of December 31, 2022 and 2021, respectively. | |||
| External Links | |
| CITIGROUP INC (C) Fiscal Year 2022 | |
| 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 |