Citibank 2008 Annual Report Download - page 230

Download and view the complete annual report

Please find page 230 of the 2008 Citibank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 252

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252

Condensed Consolidating Statements of Cash Flows
Year ended December 31, 2006
In millions of dollars
Citigroup
parent
company CGMHI CFI CCC Associates
Other
Citigroup
subsidiaries
and
eliminations
Consolidating
adjustments
Citigroup
consolidated
Net cash provided by (used in) operating
activities of continuing operations $ 17,391 $ (6,938) $ (142) $ 3,646 $ 3,849 $ (14,325) $(3,646) $ (165)
Cash flows from investing activities
Change in loans $ — $ 188 $ — $(5,805) $ (6,011) $(350,239) $ 5,805 $(356,062)
Proceeds from sales and securitizations of loans — — — — — 253,176 — 253,176
Purchases of investments (15,998) — — (4,239) (6,103) (274,023) 4,239 (296,124)
Proceeds from sales of investments 4,700 — — 957 1,703 80,596 (957) 86,999
Proceeds from maturities of investments 10,623 — — 3,451 4,797 105,691 (3,451) 121,111
Changes in investments and advances—intercompany (21,542) — (36,114) (2,058) (2,653) 60,309 2,058 —
Business acquisitions — (9) — — — 9 — —
Other investing activities — (4,427) — — — (8,879) — (13,306)
Net cash provided by investing activities $(22,217) $ (4,248) $(36,114) $(7,694) $ (8,267) $(133,360) $ 7,694 $(204,206)
Cash flows from financing activities
Dividends paid $ (9,826) $ — $ — $ — $ — $ — $ — $ (9,826)
Dividends paid—intercompany — (4,644) — — — 4,644 — —
Issuance of common stock 1,798 — — — — — — 1,798
Redemption or retirement of preferred stock (125) — — — — — — (125)
Treasury stock acquired (7,000) — — — — — — (7,000)
Proceeds/(repayments) from issuance of long-term
debt—third-party, net 22,202 (11,353) 14,522 (881) (810) 42,658 881 67,219
Proceeds/(repayments) from issuance of long-term
debt—intercompany, net (52) 6,382 — 961 (10,862) 4,532 (961) —
Change in deposits — — — (1) — 121,203 1 121,203
Net change in short-term borrowings and other
investment banking and brokerage borrowings—
third-party (2) 3,711 8,334 (320) 34 21,826 320 33,903
Net change in short-term borrowings and other
advances—intercompany (1,710) 17,598 12,224 3,750 15,446 (43,558) (3,750) —
Capital contributions from parent — — 1,175 238 235 (1,410) (238) —
Other financing activities (685) — — 2 2 (2) (2) (685)
Net cash provided by financing activities $ 4,600 $ 11,694 $ 36,255 $ 3,749 $ 4,045 $ 149,893 $(3,749) $ 206,487
Effect of exchange rate changes on cash and
due from banks $—$—$—$— $— $645 $— $645
Net cash provided by discontinued operations $—$—$—$— $— $121 $— $121
Net (decrease)/increase in cash and due from
banks $ (226) $ 508 $ (1) $ (299) $ (373) $ 2,974 $ 299 $ 2,882
Cash and due from banks at beginning of period 247 3,913 1 687 876 18,595 (687) 23,632
Cash and due from banks at end of period from
continuing operations $ 21 $ 4,421 $ — $ 388 $ 503 $ 21,569 $ (388) $ 26,514
Supplemental disclosure of cash flow
information
Cash paid during the year for:
Income taxes $ (1,021) $ 2,372 $ 49 $ 593 $ 86 $ 7,744 $ (593) $ 9,230
Interest 5,492 20,720 2,893 156 483 21,884 (156) 51,472
Non-cash investing activities:
Transfers to repossessed assets $ — $ — $ — $ 1,077 $ 1,103 $ 311 $(1,077) $ 1,414
224