Ally Bank 2012 Annual Report Download - page 111
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109
Year ended December 31, ($ in millions) 2012 2011 2010
Operating activities
Net income (loss) $ 1,196 $ (157) $ 1,029
Reconciliation of net income (loss) to net cash provided by operating activities
Depreciation and amortization 2,381 2,713 4,146
Other impairment 19 40 170
Changes in fair value of mortgage servicing rights 677 1,606 872
Provision for loan losses 405 217 469
Gain on sale of loans, net (527) (459) (1,014)
Net gain on investment securities (177) (294) (520)
Loss on extinguishment of debt 148 64 123
Originations and purchases of loans held-for-sale (33,075) (60,270) (73,823)
Proceeds from sales and repayments of loans held-for-sale 34,073 61,187 80,093
Impairment and accruals related to Residential Capital, LLC deconsolidation 1,192 — —
Net change in
Trading securities 595 (483) (39)
Deferred income taxes (1,491) (198) (272)
Interest payable (311) (98) 177
Other assets 802 (311) 1,240
Other liabilities (595) 1,390 (504)
Other, net (263) 546 (540)
Net cash provided by operating activities 5,049 5,493 11,607
Investing activities
Purchases of available-for-sale securities (12,816) (19,377) (24,116)
Proceeds from sales of available-for-sale securities 7,662 14,232 17,872
Proceeds from maturities and repayment of available-for-sale securities 5,673 4,965 4,527
Net increase in finance receivables and loans (11,943) (16,998) (17,344)
Proceeds from sales of finance receivables and loans 2,332 2,868 3,138
Purchases of operating lease assets (7,444) (6,528) (3,551)
Disposals of operating lease assets 1,745 5,517 8,627
Proceeds from sale of business units, net (a) 516 50 161
Net cash effect from deconsolidation of Residential Capital, LLC (539) — —
Other, net (1,741) 1,143 3,119
Net cash used in investing activities (16,555) (14,128) (7,567)
Statement continues on the next page.
The Notes to the Consolidated Financial Statements are an integral part of these statements.
Table of Contents
Consolidated Statement of Cash Flows
Ally Financial Inc. • Form 10-K