Ally Bank 2014 Annual Report Download - page 104
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Table of Contents
Consolidated Statement of Cash Flows
Ally Financial Inc. • Form 10-K
92
Year ended December 31, ($ in millions) 2014 2013 2012
Financing activities
Net change in short-term borrowings (1,494) 1,591 2,694
Net increase in deposits 4,873 5,375 6,653
Proceeds from issuance of long-term debt 27,170 27,312 39,401
Repayments of long-term debt (30,426) (31,892) (39,909)
Proceeds from issuance of common stock —1,270 —
Repurchase of mandatorily convertible preferred stock held by U.S. Department of Treasury
and elimination of share adjustment right —(5,925) —
Dividends paid (268) (810) (802)
Net cash (used in) provided by financing activities (145) (3,079) 8,037
Effect of exchange-rate changes on cash and cash equivalents (1) 45 (58)
Net increase (decrease) in cash and cash equivalents 45 (4,076) (3,527)
Adjustment for change in cash and cash equivalents of operations held-for-sale (a) (b) —2,094 (1,995)
Cash and cash equivalents at beginning of year 5,531 7,513 13,035
Cash and cash equivalents at end of year $ 5,576 $ 5,531 $ 7,513
Supplemental disclosures
Cash paid for
Interest $ 3,090 $ 3,827 $ 5,311
Income taxes 875 404
Noncash items
Finance receivables and loans transferred to loans held-for-sale 4,631 18 2,135
Other disclosures
Proceeds from sales and repayments of mortgage loans held-for-investment originally
designated as held-for-sale 38 51 127
(a) The amounts are net of cash and cash equivalents of $1.6 billion at December 31, 2013, and $147 million at December 31, 2012 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.
The Notes to the Consolidated Financial Statements are an integral part of these statements.