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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities of continuing operations      
Net income before attribution of noncontrolling interests $ 17,332 $ 7,502 $ 13,886
Net income attributable to noncontrolling interests 90 192 227
Citigroup’s net income 17,242 7,310 13,659
Loss from discontinued operations, net of taxes (54) (2) (90)
Gain on sale, net of taxes 0 0 360
Income from continuing operations—excluding noncontrolling interests 17,296 7,312 13,389
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations      
Gains on significant disposals(1) [1] (3,210) (452) 0
Amortization of deferred policy acquisition costs and present value of future profits 191 210 194
Additions to deferred policy acquisition costs (62) (64) (54)
Depreciation and amortization 3,506 3,589 3,303
Deferred tax provision 2,794 3,347 2,699
Provision for loan losses 7,108 6,828 7,604
Realized gains from sales of investments (682) (570) (748)
Net impairment losses on investments, goodwill and intangible assets 318 426 535
Change in trading account assets 46,830 (10,858) 35,001
Change in trading account liabilities (21,524) 30,274 (6,787)
Change in brokerage receivables net of brokerage payables 2,278 (4,272) (6,490)
Change in loans held-for-sale (HFS) (7,207) (1,144) 4,321
Change in other assets (32) (1,690) 13,028
Change in other liabilities (1,135) 7,973 (7,880)
Other, net (6,732) 5,434 5,129
Total adjustments 22,441 39,031 49,855
Net cash provided by operating activities of continuing operations 39,737 46,343 63,244
Cash flows from investing activities of continuing operations      
Change in deposits with banks 15,488 40,916 (66,871)
Change in federal funds sold and securities borrowed or purchased under agreements to resell 22,895 14,467 4,274
Change in loans 1,353 1,170 (30,198)
Proceeds from sales and securitizations of loans 9,610 4,752 9,123
Purchases of investments (242,362) (258,992) (220,823)
Proceeds from sales of investments 141,470 135,824 131,100
Proceeds from maturities of investments 82,047 94,117 84,831
Proceeds from significant disposals [1] 5,932 346 0
Payments due to transfers of net liabilities associated with significant disposals [1],[2] (18,929) (1,255) 0
Capital expenditures on premises and equipment and capitalized software (3,198) (3,386) (3,490)
Proceeds from sales of premises and equipment, subsidiaries and affiliates, and repossessed assets 577 623 716
Net cash provided by (used in) investing activities of continuing operations 14,883 28,582 (91,338)
Cash flows from financing activities of continuing operations      
Dividends paid (1,253) (633) (314)
Issuance of preferred stock 6,227 3,699 4,192
Redemption of preferred stock 0 0 (94)
Treasury stock acquired (5,452) (1,232) (837)
Stock tendered for payment of withholding taxes (428) (508) (452)
Change in federal funds purchased and securities loaned or sold under agreements to repurchase (26,942) (30,074) (7,724)
Issuance of long-term debt 44,619 66,836 54,405
Payments and redemptions of long-term debt (52,843) (58,923) (63,994)
Change in deposits 8,555 (48,336) 37,713
Change in short-term borrowings (37,256) (1,099) 199
Net cash provided by (used in) financing activities of continuing operations (64,773) (70,270) 23,094
Effect of exchange rate changes on cash and cash equivalents (1,055) (2,432) (1,558)
Net cash used in discontinued operations 0 0 (10)
Change in cash and due from banks (11,208) 2,223 (6,568)
Cash and due from banks at beginning of period 32,108 29,885 36,453
Cash and due from banks at end of period 20,900 32,108 29,885
Supplemental disclosure of cash flow information for continuing operations      
Cash paid during the year for income taxes 4,978 4,632 4,495
Cash paid during the year for interest 12,031 14,001 15,655
Non-cash investing activities      
Change in loans due to consolidation/deconsolidation of VIEs 0 (374) 6,718
Decrease in net loans associated with significant disposals reclassified to HFS (9,063) 0 0
Decrease in investments associated with significant disposals reclassified to HFS (1,402) 0 0
Decrease in goodwill and intangible assets associated with significant disposals reclassified to HFS (223) 0 0
Decrease in deposits with banks with significant disposals reclassified to HFS (404) 0 0
Transfers to loans HFS from loans 28,600 15,100 17,300
Transfers to OREO and other repossessed assets 276 321 325
Non-cash financing activities      
Decrease in long-term debt associated with significant disposals reclassified to HFS (4,673) 0 0
Decrease in deposits associated with reclassification to HFS 0 (20,605) 0
Increase in short-term borrowings due to consolidation of VIEs 0 500 6,718
Decrease in long-term debt due to deconsolidation of VIEs $ 0 $ (864) $ 0
[1] See Note 1 to the Consolidated Financial Statements for the adoption of ASU No. 2014-08 in the second quarter of 2014 and Note 2 for further information on significant disposals.
[2] The payments associated with significant disposals result primarily from the sale of deposit liabilities.