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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities of continuing operations    
Net income before attribution of noncontrolling interests $ 14,178 $ 3,586
Net income (loss) attributable to noncontrolling interests 43 (6)
Citigroup’s net income 14,135 3,592
Income (loss) from discontinued operations, net of taxes 8 (19)
Income from continuing operations—excluding noncontrolling interests 14,127 3,611
Adjustments to reconcile net income to net cash provided by (used in) operating activities of continuing operations    
Depreciation and amortization 1,944 1,853
Provisions for credit losses on loans and unfunded lending commitments (3,187) 15,037
Realized gains from sales of investments (538) (1,180)
Impairment losses on investments and other assets 82 124
Change in trading account assets 4,098 (86,203)
Change in trading account liabilities 6,679 29,370
Change in brokerage receivables net of brokerage payables (7,400) 190
Change in loans HFS (3,214) (1,200)
Change in other assets (2,260) 1,472
Change in other liabilities 3,300 2,620
Other, net 9,932 15,098
Total adjustments 9,436 (22,819)
Net cash provided by (used in) operating activities of continuing operations 23,563 (19,208)
Cash flows from investing activities of continuing operations    
Change in securities borrowed and purchased under agreements to resell (14,335) (31,595)
Change in loans (3,088) 7,943
Proceeds from sales and securitizations of loans 869 826
Purchases of investments (201,567) (207,701)
Proceeds from sales of investments 66,477 86,191
Proceeds from maturities of investments 75,195 53,909
Capital expenditures on premises and equipment and capitalized software (1,771) (1,318)
Proceeds from sales of premises and equipment, subsidiaries and affiliates and repossessed assets 28 12
Other, net 81 44
Net cash used in investing activities of continuing operations (78,111) (91,689)
Cash flows from financing activities of continuing operations    
Dividends paid (2,663) (2,679)
Issuance of preferred stock 2,300 1,500
Redemption of preferred stock (3,785) (1,500)
Treasury stock acquired (4,381) (2,925)
Stock tendered for payment of withholding taxes (324) (407)
Change in securities loaned and sold under agreements to repurchase 22,292 49,383
Issuance of long-term debt 41,511 58,471
Payments and redemptions of long-term debt (41,894) (32,297)
Change in deposits 29,610 163,070
Change in short-term borrowings 1,948 (4,893)
Net cash provided by financing activities of continuing operations 44,614 227,723
Effect of exchange rate changes on cash and due from banks (443) (972)
Change in cash, due from banks and deposits with banks (10,377) 115,854
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 299,238 309,773
Cash and due from banks (including segregated cash and other deposits) 27,117 22,889
Deposits with banks, net of allowance 272,121 286,884
Cash, due from banks and deposits with banks at end of period 299,238 309,773
Supplemental disclosure of cash flow information for continuing operations    
Cash paid during the period for income taxes 2,176 2,543
Cash paid during the period for interest 4,545 8,751
Non-cash investing activities    
Transfers to loans HFS (Other assets) from loans [1] $ 961 $ 1,036
[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, 2021.