Ally Bank 2012 Annual Report Download - page 203

201
Year ended December 31, 2010 ($ in millions) Parent Guarantors Nonguarantors Consolidating adjustments Ally consolidated
Operating activities
Net cash provided by operating activities $ 4,552 $ 13 $ 7,230 $ (188) $ 11,607
Investing activities
Purchases of available-for-sale securities (1,485) — (22,631) — (24,116)
Proceeds from sales of available-for-sale securities 41 — 17,872 (41) 17,872
Proceeds from maturities and repayments of available-for-sale
securities — — 4,527 — 4,527
Net decrease in investment securities — intercompany 323 — 260 (583) —
Net (increase) decrease in finance receivables and loans (5,177) 96 (12,263) — (17,344)
Proceeds from sales of finance receivables and loans 6 — 3,132 — 3,138
Net decrease (increase) in loans — intercompany 7,736 (283) (302) (7,151) —
Net (increase) decrease in operating lease assets (2,770) — 7,846 — 5,076
Capital contributions to subsidiaries (2,036) (1,737) — 3,773 —
Returns of contributed capital 880 — — (880) —
Proceeds from sale of business unit, net 59 — 102 — 161
Other, net 104 (1) 3,016 — 3,119
Net cash (used in) provided by investing activities (2,319) (1,925) 1,559 (4,882) (7,567)
Financing activities
Net change in short-term borrowings — third party 735 50 (4,414) — (3,629)
Net increase in bank deposits — — 6,556 — 6,556
Proceeds from issuance of long-term debt — third party 5,824 90 33,047 41 39,002
Repayments of long-term debt — third party (4,292) (256) (44,982) — (49,530)
Net change in debt — intercompany 243 300 (7,774) 7,231 —
Dividends paid — third party (1,253) — — — (1,253)
Dividends paid and returns of contributed capital — intercompany — — (1,068) 1,068 —
Capital contributions from parent — 1,725 2,048 (3,773) —
Other, net 418 — 451 — 869
Net cash provided by (used in) financing activities 1,675 1,909 (16,136) 4,567 (7,985)
Effect of exchange-rate changes on cash and cash equivalents — — 102 — 102
Net increase (decrease) in cash and cash equivalents 3,908 (3) (7,245) (503) (3,843)
Adjustment for change in cash and cash equivalents of operations
held-for-sale — — 725 — 725
Cash and cash equivalents at beginning of year 757 5 14,026 — 14,788
Cash and cash equivalents at end of year $ 4,665 $ 2 $ 7,506 $ (503) $ 11,670
28. Guarantees and Commitments
Guarantees
Guarantees are defined as contracts or indemnification agreements that contingently require us to make payments to third parties based
on changes in the underlying agreements with the guaranteed parties. The following summarizes our outstanding guarantees, including those
of our discontinued operations, made to third parties on our Consolidated Balance Sheet, for the periods shown.
2012 2011
December 31, ($ in millions) Maximum
liability
Carrying
value
of liability Maximum
liability
Carrying
value
of liability
Default automotive repurchases $ 1,897 $ — $ 1,600 $ —
Standby letters of credit and other guarantees 274 44 333 88
Default Automotive Repurchases
Certain of our discontinued international automotive financing businesses provide certain investors in our on-balance sheet arrangements
(securitizations) and whole-loan transactions with repurchase commitments for loans that become contractually delinquent within a specified
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K