Ally Bank 2011 Annual Report Download - page 221

Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10−K
Condensed Consolidating Statement of Cash Flows
Year ended December 31, 2011 ($ in millions) Parent Guarantors Nonguarantors Consolidating adjustments Ally consolidated
Operating activities
Net cash provided by operating activities $ 2,695 $ 209 $ 3,973 $ (1,384) $ 5,493
Investing activities
Purchases of available−for−sale securities — — (19,377) — (19,377)
Proceeds from sales of available−for−sale securities 1,494 — 12,738 — 14,232
Proceeds from maturities of available−for−sale securities 1 — 4,964 — 4,965
Net increase in finance receivables and loans (2,933) (51) (14,014) — (16,998)
Proceeds from sales of finance receivables and loans 1,346 — 1,522 — 2,868
Net decrease (increase) in loans — intercompany 2,743 11 (88) (2,666) —
Net decrease (increase) in operating lease assets 2,890 — (3,901) — (1,011)
Capital contributions to subsidiaries (1,634) (855) — 2,489 —
Returns of contributed capital 1,255 — — (1,255) —
Proceeds from sale of business unit, net — — 50 — 50
Other, net 124 (1) 1,020 — 1,143
Net cash provided by (used in) investing activities 5,286 (896) (17,086) (1,432) (14,128)
Financing activities
Net change in short−term borrowings — third party 237 47 230 — 514
Net increase in bank deposits — — 5,840 — 5,840
Proceeds from issuance of long−term debt — third party 3,201 200 41,353 — 44,754
Repayments of long−term debt — third party (9,414) (226) (30,833) — (40,473)
Net change in debt — intercompany 71 30 (2,755) 2,654 —
Dividends paid — third party (819) — — — (819)
Dividends paid and returns of contributed capital — intercompany — (207) (2,431) 2,638 —
Capital contributions from parent — 855 1,634 (2,489) —
Other, net 308 — (74) — 234
Net cash (used in) provided by financing activities (6,416) 699 12,964 2,803 10,050
Effect of exchange−rate changes on cash and cash equivalents 31 — 18 — 49
Net increase (decrease) in cash and cash equivalents 1,596 12 (131) (13) 1,464
Adjustment for change in cash and cash equivalents of operations
held−for−sale — — (99) — (99)
Cash and cash equivalents at beginning of year 4,665 2 7,506 (503) 11,670
Cash and cash equivalents at end of year $ 6,261 $ 14 $ 7,276 $ (516) $ 13,035
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