Citibank 2008 Annual Report Download - page 229

Condensed Consolidating Statements of Cash Flows
Year ended December 31, 2007
In millions of dollars
Citigroup
parent
company CGMHI CFI CCC Associates
Other
Citigroup
subsidiaries
and
eliminations
Consolidating
adjustments
Citigroup
consolidated
Net cash (used in) provided by operating
activities of continuing operations $ (7,572) $(26,696) $ (269) $ 3,973 $ 3,386 $ (40,386) $(3,973) $ (71,537)
Cash flows from investing activities
Change in loans $ — $ 174 $(23,943) $(7,601) $ (8,389) $(329,776) $ 7,601 $(361,934)
Proceeds from sales and securitizations of loans — — — — — 273,464 — 273,464
Purchases of investments (25,567) (302) — (690) (1,662) (246,895) 690 (274,426)
Proceeds from sales of investments 15,475 — — 276 755 195,523 (276) 211,753
Proceeds from maturities of investments 8,221 — — 430 961 112,164 (430) 121,346
Changes in investments and advances—
intercompany (31,692) — — 4,130 (1,391) 33,083 (4,130) —
Business acquisitions — — — — — (15,614) — (15,614)
Other investing activities — (986) — — — (15,980) — (16,966)
Net cash (used in) provided by investing
activities $(33,563) $ (1,114) $(23,943) $(3,455) $ (9,726) $ 5,969 $ 3,455 $ (62,377)
Cash flows from financing activities
Dividends paid $(10,778) $ — $ — $ — $ — $ — $ — $ (10,778)
Dividends paid—intercompany — (1,903) — (4,900) (1,500) 3,403 4,900 —
Issuance of common stock 1,060 — — — — — — 1,060
Redemption or retirement of preferred stock (1,000) — — — — — — (1,000)
Treasury stock acquired (663) — — — — — — (663)
Proceeds/(repayments) from issuance of long-term
debt—third-party, net 47,271 940 16,656 270 457 (12,345) (270) 52,979
Proceeds/(repayments) from issuance of long-term
debt—intercompany, net (399) 14,097 — 9,243 (4,511) (9,187) (9,243) —
Change in deposits — — — — — 93,422 — 93,422
Net change in short-term borrowings and other
investment banking and brokerage borrowings—
third-party 5,603 2,630 7,593 (1,200) (886) (4,515) 1,200 10,425
Net change in short-term borrowings and other
advances—intercompany 990 12,922 (410) (3,998) 12,717 (26,219) 3,998 —
Capital contributions from parent — — 375 — — (375) — —
Other financing activities (951) — — — — — — (951)
Net cash provided by (used in) financing
activities $ 41,133 $ 28,686 $ 24,214 $ (585) $ 6,277 $ 44,184 $ 585 $ 144,494
Effect of exchange rate changes on cash and
due from banks $ — $ — $ — $ — $ — $ 1,005 $ — $ 1,005
Net cash provided by discontinued operations $—$—$—$— $— $107 $— $107
Net (decrease)/increase in cash and due from
banks $ (2) $ 876 $ 2 $ (67) $ (63) $ 10,879 $ 67 $ 11,692
Cash and due from banks at beginning of
period 21 4,421 — 388 503 21,569 (388) 26,514
Cash and due from banks at end of period
from continuing operations $ 19 $ 5,297 $ 2 $ 321 $ 440 $ 32,448 $ (321) $ 38,206
Supplemental disclosure of cash flow
information
Cash paid during the year for:
Income taxes $ (1,225) $ 230 $ 18 $ 387 $ 54 $ 6,846 $ (387) $ 5,923
Interest 5,121 30,388 6,711 2,315 432 30,080 (2,315) 72,732
Non-cash investing activities:
Transfers to repossessed assets $ — $ — $ — $ 1,083 $ 1,226 $ 1,061 $(1,083) $ 2,287
223