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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities of continuing operations    
Net income before attribution of noncontrolling interests $ 7,975 $ 2,530
Net income attributable to noncontrolling interests 33 (6)
Citigroup’s net income 7,942 2,536
Loss from discontinued operations, net of taxes (2) (18)
Income from continuing operations—excluding noncontrolling interests 7,944 2,554
Adjustments to reconcile net income to net cash provided by (used in) operating activities of continuing operations    
Depreciation and amortization 962 927
Provisions for credit losses on loans and unfunded lending commitments (2,105) 6,934
Realized gains from sales of investments (401) (432)
Impairment losses on investments and other assets 69 55
Change in trading account assets 14,405 (88,875)
Change in trading account liabilities 11,090 44,101
Change in brokerage receivables net of brokerage payables (5,236) (2,931)
Change in loans HFS 1,561 (1,393)
Change in other assets (383) (3,123)
Change in other liabilities 3,047 1,605
Other, net (7,755) 15,045
Total adjustments 15,254 (28,087)
Net cash provided by (used in) operating activities of continuing operations 23,198 (25,533)
Cash flows from investing activities of continuing operations    
Change in securities borrowed and purchased under agreements to resell (20,360) (11,214)
Change in loans 9,933 (26,743)
Proceeds from sales and securitizations of loans 323 596
Purchases of investments (111,187) (108,658)
Proceeds from sales of investments 46,049 44,399
Proceeds from maturities of investments 35,088 29,203
Capital expenditures on premises and equipment and capitalized software (830) (460)
Proceeds from sales of premises and equipment, subsidiaries and affiliates and repossessed assets 10 2
Other, net 40 18
Net cash used in investing activities of continuing operations (40,934) (72,857)
Cash flows from financing activities of continuing operations    
Dividends paid (1,356) (1,365)
Issuance of preferred stock 2,300 1,500
Redemption of preferred stock (1,500) (1,500)
Treasury stock acquired (1,481) (2,925)
Stock tendered for payment of withholding taxes (312) (406)
Change in securities loaned and sold under agreements to repurchase 19,643 55,985
Issuance of long-term debt 15,516 28,927
Payments and redemptions of long-term debt (22,432) (13,081)
Change in deposits 20,304 114,321
Change in short-term borrowings 2,573 9,902
Net cash provided by financing activities of continuing operations 33,255 191,358
Effect of exchange rate changes on cash and due from banks (452) (967)
Change in cash, due from banks and deposits with banks 15,067 92,001
Cash, due from banks and deposits with banks at beginning of period 309,615 193,919
Cash, due from banks and deposits with banks at end of period 324,682 285,920
Cash, due from banks and deposits with banks at end of period 324,682 285,920
Supplemental disclosure of cash flow information for continuing operations    
Cash paid during the period for income taxes 950 1,441
Cash paid during the period for interest 1,729 5,424
Non-cash investing activities    
Transfers to loans HFS (Other assets) from loans [1] $ 636 $ 224
[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 March 31, 2021.