Ally Bank 2011 Annual Report Download - page 130

Table of Contents
Consolidated Statement of Cash Flows
Ally Financial Inc. • Form 10−K
Year ended December 31, ($ in millions) 2011 2010 2009
Financing activities
Net change in short−term borrowings 514 (3,629) (338)
Net increase in bank deposits 5,840 6,556 10,703
Proceeds from issuance of long−term debt 44,754 39,002 30,679
Repayments of long−term debt (40,473) (49,530) (61,493)
Proceeds from issuance of common stock — — 1,247
Proceeds from issuance of preferred stock to the U.S. Department of Treasury — — 8,750
Dividends paid (819) (1,253) (1,592)
Other, net 234 869 1,064
Net cash provided by (used in) financing activities 10,050 (7,985) (10,980)
Effect of exchange−rate changes on cash and cash equivalents 49 102 (602)
Net increase (decrease) in cash and cash equivalents 1,464 (3,843) 414
Adjustments for change in cash and cash equivalents of operations held−for−sale (a) (b) (99) 725 (777)
Cash and cash equivalents at beginning of year 11,670 14,788 15,151
Cash and cash equivalents at end of year $ 13,035 $ 11,670 $ 14,788
Supplemental disclosures
Cash paid for
Interest $ 5,630 $ 5,531 $ 7,868
Income taxes 507 517 355
Noncash items
Increase in finance receivables and loans due to a change in accounting principle (c) — 17,990 —
Increase in long−term debt due to a change in accounting principle (c) — 17,054 —
Transfer of mortgage servicing rights into trading assets through certification 266 — —
Capital contributions from stockholders/members — — 34
Conversion of preferred stock to common equity — 5,208 —
Other disclosures
Proceeds from sales and repayments of mortgage loans held−for−investment originally
designated as held−for−sale 241 1,324 1,010
Consolidation of loans, net — 137 1,410
Consolidation of variable interest entity debt — 78 1,184
Deconsolidation of loans, net — 1,969 —
Deconsolidation of variable interest entity debt — 1,903 —
(a) The amounts are net of cash and cash equivalents of $88 million at December 31, 2011, and $1.2 billion at December 31, 2010, of business units at the time of disposition.
(b) Cash flows of operations held−for−sale are reflected within operating, investing, and financing activities in the Consolidated Statement of Cash Flows. The cash balance of these
operations is reported as assets of operations held−for−sale on the Consolidated Balance Sheet.
(c) Relates to the adoption of ASU 2009−17, Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities.
The Notes to the Consolidated Financial Statements are an integral part of these statements.
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