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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities of continuing operations    
Net income before attribution of noncontrolling interests $ 3,832 $ 9,544
Noncontrolling interests (6) 35
Citigroup’s net income 3,838 9,509
Loss from discontinued operations, net of taxes (19) 15
Income from continuing operations—excluding noncontrolling interests 3,857 9,494
Adjustments to reconcile net income to net cash provided by (used in) operating activities of continuing operations    
Depreciation and amortization 1,853 1,883
Provisions for credit losses on loans and unfunded lending commitments 14,810 4,042
Realized gains from sales of investments (1,180) (598)
Impairment losses on investments 124 13
Change in trading account assets (86,203) (50,776)
Change in trading account liabilities 29,370 (8,011)
Change in brokerage receivables net of brokerage payables 190 (9,309)
Change in loans HFS (1,200) 1,029
Change in other assets 1,585 (5,442)
Change in other liabilities 2,620 6,462
Other, net 14,966 13,457
Total adjustments (23,065) (47,250)
Net cash used in operating activities of continuing operations (19,208) (37,756)
Cash flows from investing activities of continuing operations    
Change in securities borrowed and purchased under agreements to resell (31,595) 10,915
Change in loans 7,943 (7,803)
Proceeds from sales and securitizations of loans 826 2,249
Purchases of investments (207,701) (118,132)
Proceeds from sales of investments 86,191 63,595
Proceeds from maturities of investments 53,909 57,684
Capital expenditures on premises and equipment and capitalized software (1,318) (3,349)
Proceeds from sales of premises and equipment, subsidiaries and affiliates and repossessed assets 12 68
Other, net 44 71
Net cash provided by (used in) investing activities of continuing operations (91,689) 5,298
Cash flows from financing activities of continuing operations    
Dividends paid (2,679) (2,650)
Issuance of preferred stock 1,500 0
Redemption of preferred stock (1,500) (480)
Treasury stock acquired (2,925) (7,518)
Stock tendered for payment of withholding taxes (407) (359)
Change in securities loaned and sold under agreements to repurchase 49,383 3,365
Issuance of long-term debt 58,471 31,849
Payments and redemptions of long-term debt (32,297) (18,428)
Change in deposits 163,070 32,437
Change in short-term borrowings (4,893)  
Change in short-term borrowings   10,096
Net cash provided by financing activities of continuing operations 227,723 48,312
Effect of exchange rate changes on cash and due from banks (972) (716)
Change in cash and due from banks and deposits with banks 115,854 15,138
Cash, due from banks and deposits with banks at beginning of period 193,919 188,105
Cash, due from banks and deposits with banks at end of period 309,773 203,243
Cash and due from banks and deposits with banks at end of period 309,773 203,243
Supplemental disclosure of cash flow information for continuing operations    
Cash paid during the period for income taxes 2,543 2,814
Cash paid during the period for interest 8,751 14,000
Non-cash investing activities    
Transfers to loans HFS (Other assets) from loans [1] $ 1,036 $ 3,600
[1] Operating and finance lease right-of-use assets and lease liabilities represent non-cash investing and financing activities, respectively, and are not included in the non-cash investing activities presented here. See Note 22 to the Consolidated Financial Statements for more information and balances as of June 30, 2020.