Ally Bank 2011 Annual Report Download - page 129

Table of Contents
Consolidated Statement of Cash Flows
Ally Financial Inc. • Form 10−K
Year ended December 31, ($ in millions) 2011 2010 2009
Operating activities
Net (loss) income $ (157) $ 1,075 $ (10,298)
Reconciliation of net (loss) income to net cash provided by (used in) operating activities
Depreciation and amortization 2,713 4,100 5,958
Impairment of goodwill and other intangible assets — — 607
Other impairment 40 170 1,516
Changes in fair value of mortgage servicing rights 1,606 872 142
Provision for loan losses 217 469 6,173
Gain on sale of loans, net (459) (1,014) (192)
Net gain on investment securities (294) (520) (2)
Loss (gain) on extinguishment of debt 64 123 (665)
Originations and purchases of loans held−for−sale (60,270) (73,823) (88,283)
Proceeds from sales and repayments of loans held−for−sale 61,187 80,093 78,673
Net change in
Trading assets (483) (39) 734
Deferred income taxes (198) (272) (402)
Interest payable (98) 177 83
Other assets (311) 1,240 3,711
Other liabilities 1,390 (504) (1,473)
Other, net 546 (540) (1,414)
Net cash provided by (used in) operating activities 5,493 11,607 (5,132)
Investing activities
Purchases of available−for−sale securities (19,377) (24,116) (21,148)
Proceeds from sales of available−for−sale securities 14,232 17,872 10,153
Proceeds from maturities of available−for−sale securities 4,965 4,527 4,527
Net (increase) decrease in finance receivables and loans (16,998) (17,344) 15,062
Proceeds from sales of finance receivables and loans 2,868 3,138 260
Purchases of operating lease assets (6,528) (3,551) (732)
Disposals of operating lease assets 5,517 8,627 6,612
Proceeds from sale of business units, net (a) 50 161 296
Other, net (b) 1,143 3,119 2,098
Net cash (used in) provided by investing activities (14,128) (7,567) 17,128
Statement continues on the next page.
The Notes to the Consolidated Financial Statements are an integral part of these statements.
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