Ally Bank 2014 Annual Report Download - page 103

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Table of Contents
Consolidated Statement of Cash Flows
Ally Financial Inc. • Form 10-K
91
Year ended December 31, ($ in millions) 2014 2013 2012
Operating activities
Net income $ 1,150 $ 361 $ 1,196
Reconciliation of net income to net cash provided by operating activities
Depreciation and amortization, net 2,936 2,864 2,381
Changes in fair value of mortgage servicing rights —101 677
Provision for loan losses 457 570 405
Gain on sale of loans, net (7) (55) (527)
Net gain on investment securities (181) (182) (177)
Loss on extinguishment of debt 202 59 148
Originations and purchases of loans held-for-sale —(6,235) (33,075)
Proceeds from sales and repayments of loans held-for-sale 62 8,696 34,073
Impairment and settlement related to Residential Capital, LLC (150) (600) 1,192
Loss (gain) on sale of subsidiaries, net 7(666) (28)
Net change in
Trading assets —— 595
Deferred income taxes 117 (671) (1,491)
Interest payable (411) (39) (311)
Other assets (132) 2,592 802
Other liabilities (400) (3,860) (595)
Other, net (247) (434) (216)
Net cash provided by operating activities 3,403 2,501 5,049
Investing activities
Purchases of available-for-sale securities (5,417) (12,304) (12,816)
Proceeds from sales of available-for-sale securities 4,260 3,627 7,662
Proceeds from maturities and repayment of available-for-sale securities 2,657 5,509 5,673
Net increase in finance receivables and loans (5,024) (2,479) (11,943)
Proceeds from sales of finance receivables and loans 2,592 — 2,332
Purchases of operating lease assets (9,884) (9,196) (7,444)
Disposals of operating lease assets 5,860 2,964 1,745
Sale of mortgage servicing rights —911 —
Proceeds from sale of business units, net (a) 47 7,444 516
Net cash effect from deconsolidation of Residential Capital, LLC —— (539)
Net change in restricted cash 1,625 (70) (1,698)
Other, net 72 51 (43)
Net cash used in investing activities (3,212) (3,543) (16,555)
Statement continues on the next page.
The Notes to the Consolidated Financial Statements are an integral part of these statements.