Ally Bank 2011 Annual Report Download - page 223

Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10−K
Year ended December 31, 2009 ($ in millions) Parent Guarantors Nonguarantors Consolidating adjustments Ally consolidated
Operating activities
Net cash (used in) provided by operating activities $ (3,308) $ 25 $ (1,299) $ (550) $ (5,132)
Investing activities
Purchases of available−for−sale securities (145) — (21,148) 145 (21,148)
Proceeds from sales of available−for−sale securities 89 — 10,153 (89) 10,153
Proceeds from maturities of available−for−sale securities — — 4,527 — 4,527
Net decrease (increase) in investment securities — intercompany 2 — (103) 101 —
Net (increase) decrease in finance receivables and loans (363) 118 15,307 — 15,062
Proceeds from sales of finance receivables and loans 446 — (186) — 260
Net (increase) decrease in loans — intercompany (2,551) 163 (261) 2,649 —
Net (increase) decrease in operating lease assets (1,519) — 7,399 — 5,880
Capital contributions to subsidiaries (8,092) (6,052) — 14,144 —
Returns of contributed capital 706 — — (706) —
Proceeds from sale of business unit, net — — 296 — 296
Other, net (64) (1) 2,163 — 2,098
Net cash (used in) provided by investing activities (11,491) (5,772) 18,147 16,244 17,128
Financing activities
Net change in short−term borrowings — third party 6 (78) (266) — (338)
Net increase in bank deposits — — 10,703 — 10,703
Proceeds from issuance of long−term debt — third party 9,641 128 20,821 89 30,679
Repayments of long−term debt — third party (8,831) (107) (52,410) (145) (61,493)
Net change in debt — intercompany (7) (255) 2,995 (2,733) —
Proceeds from issuance of common stock 1,247 — — — 1,247
Proceeds from issuance of preferred stock held by U.S. Department
of Treasury 8,750 — — — 8,750
Dividends paid – third party (1,592) — — — (1,592)
Dividends paid and returns of contributed capital — intercompany — — (1,256) 1,256 —
Capital contributions from parent — 6,052 8,092 (14,144) —
Other, net 699 — 365 — 1,064
Net cash provided by (used in) financing activities 9,913 5,740 (10,956) (15,677) (10,980)
Effect of exchange−rate changes on cash and cash equivalents — — (602) — (602)
Net (decrease) increase in cash and cash equivalents (4,886) (7) 5,290 17 414
Adjustment for change in cash and cash equivalents of operations
held−for−sale — — (777) — (777)
Cash and cash equivalents at beginning of year 5,643 12 9,513 (17) 15,151
Cash and cash equivalents at end of year $ 757 $ 5 $ 14,026 $ — $ 14,788
220