Citibank 2011 Annual Report Download - page 158

136
CONSOLIDATED STATEMENT OF CASH FLOWS Citigroup Inc. and Subsidiaries
Year ended December 31,
In millions of dollars 2011  
Cash flows from operating activities of continuing operations
Net income (loss) before attribution of noncontrolling interests $ 11,215    
Net income attributable to noncontrolling interests 148  
Citigroup’s net income (loss) $ 11,067    
Income (loss) from discontinued operations, net of taxes 17  
Gain (loss) on sale, net of taxes 95  
Income (loss) from continuing operations—excluding noncontrolling interests $ 10,955    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities of
continuing operations
!MORTIZATIONæOFæDEFERREDæPOLICYæACQUISITIONæCOSTSæANDæPRESENTæVALUEæOFæFUTUREæPROFITS $ 250    
!DDITIONSREDUCTIONSæTOæDEFERREDæPOLICYæACQUISITIONæCOSTS (54)  
$EPRECIATIONæANDæAMORTIZATION 2,872  
$EFERREDæTAXæBENEFIT (74)  
0ROVISIONæFORæCREDITæLOSSES 11,824  
#HANGEæINæTRADINGæACCOUNTæASSETS 25,538  
#HANGEæINæTRADINGæACCOUNTæLIABILITIES (2,972)  
#HANGEæINæFEDERALæFUNDSæSOLDæANDæSECURITIESæBORROWEDæORæPURCHASEDæUNDERæAGREEMENTSæTOæRESELL (29,132)  
#HANGEæINæFEDERALæFUNDSæPURCHASEDæANDæSECURITIESæLOANEDæORæSOLDæUNDERæAGREEMENTSæTOæREPURCHASE 8,815  
#HANGEæINæBROKERAGEæRECEIVABLESæNETæOFæBROKERAGEæPAYABLES 8,383  
2EALIZEDæGAINSæFROMæSALESæOFæINVESTMENTS (1,997)  
#HANGEæINæLOANSæHELDFORSALE 1,021  
/THERæNET 9,312  
Total adjustments $ 33,786    
Net cash provided by (used in) operating activities of continuing operations $ 44,741    
Cash flows from investing activities of continuing operations
#HANGEæINæDEPOSITSæWITHæBANKS $ 6,653    
#HANGEæINæLOANS (11,559)  
0ROCEEDSæFROMæSALESæANDæSECURITIZATIONSæOFæLOANS 10,022  
0URCHASESæOFæINVESTMENTS (314,250)  
0ROCEEDSæFROMæSALESæOFæINVESTMENTS 182,566  
0ROCEEDSæFROMæMATURITIESæOFæINVESTMENTS 139,959  
#APITALæEXPENDITURESæONæPREMISESæANDæEQUIPMENTæANDæCAPITALIZEDæSOFTWARE (3,448)  
0ROCEEDSæFROMæSALESæOFæPREMISESæANDæEQUIPMENTæSUBSIDIARIESæANDæAFFILIATESæANDæREPOSSESSEDæASSETS 1,323  
Net cash provided by (used in) investing activities of continuing operations $ 11,266    
Cash flows from financing activities of continuing operations
$IVIDENDSæPAID $ (107)    
)SSUANCEæOFæCOMMONæSTOCK — 
)SSUANCESæOFæ4$%#S!0)# — 
)SSUANCEæOFæ!$)!æ5PPERæ$ECSæEQUITYæUNITSæPURCHASEæCONTRACT 3,750  
4REASURYæSTOCKæACQUIRED (1)  
3TOCKæTENDEREDæFORæPAYMENTæOFæWITHHOLDINGæTAXES (230)  
)SSUANCEæOFæLONGTERMæDEBT 30,242  
0AYMENTSæANDæREDEMPTIONSæOFæLONGTERMæDEBT (89,091)  
#HANGEæINæDEPOSITS 23,858  
#HANGEæINæSHORTTERMæBORROWINGS (25,067)  
Net cash (used in) provided by financing activities of continuing operations $ (56,646)    
%FFECTæOFæEXCHANGEæRATEæCHANGESæONæCASHæANDæCASHæEQUIVALENTS $ (1,301)    
Discontinued operations
Net cash provided by (used in) discontinued operations $ 2,669    
Change in cash and due from banks $ 729    
Cash and due from banks at beginning of period 27,972  
Cash and due from banks at end of period $ 28,701    
Supplemental disclosure of cash flow information for continuing operations
#ASHæPAIDRECEIVEDæDURINGæTHEæYEARæFORæINCOMEæTAXES $ 2,705    
#ASHæPAIDæDURINGæTHEæYEARæFORæINTEREST $ 21,230    
Non-cash investing activities
4RANSFERSæTOæ/2%/æANDæOTHERæREPOSSESSEDæASSETS $ 1,284    
4RANSFERSæTOæTRADINGæACCOUNTæASSETSæFROMæINVESTMENTSæAVAILABLEFORSALEæ — 
4RANSFERSæTOæTRADINGæACCOUNTæASSETSæFROMæINVESTMENTSæHELDTOMATURITY $ 12,700 
3EEæ.OTESæTOæTHEæ#ONSOLIDATEDæ&INANCIALæ3TATEMENTS