Ally Bank 2012 Annual Report Download - page 112
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110
Year ended December 31, ($ in millions) 2012 2011 2010
Financing activities
Net change in short-term borrowings 2,694 514 (3,629)
Net increase in bank deposits 7,580 5,840 6,556
Proceeds from issuance of long-term debt 39,401 44,754 39,002
Repayments of long-term debt (39,909) (40,473) (49,530)
Dividends paid (802) (819) (1,253)
Other, net (927) 234 869
Net cash provided by (used in) financing activities 8,037 10,050 (7,985)
Effect of exchange-rate changes on cash and cash equivalents (58) 49 102
Net (decrease) increase in cash and cash equivalents (3,527) 1,464 (3,843)
Adjustment for change in cash and cash equivalents of operations held-for-sale (a) (b) (1,995) (99) 725
Cash and cash equivalents at beginning of year 13,035 11,670 14,788
Cash and cash equivalents at end of year $ 7,513 $ 13,035 $ 11,670
Supplemental disclosures
Cash paid for
Interest $ 5,311 $ 5,630 $ 5,531
Income taxes 404 507 517
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 securities through certification —266 —
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 127 241 1,324
Consolidation of loans, net —— 137
Consolidation of variable interest entity debt —— 78
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 $147 million at December 31, 2012, $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 discontinued operations 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.
Table of Contents
Consolidated Statement of Cash Flows
Ally Financial Inc. • Form 10-K