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CONSOLIDATED STATEMENT OF CASH FLOWS
$ in Millions
 12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Cash flows from operating activities of continuing operations      
Net income before attribution of noncontrolling interests $ 22,025 $ 11,087 $ 19,467
Net income attributable to noncontrolling interests 73 40 66
Citigroup’s net income 21,952 11,047 19,401
Income (loss) from discontinued operations, net of taxes 7 (20) (4)
Income from continuing operations—excluding noncontrolling interests 21,945 11,067 19,405
Adjustments to reconcile net income to net cash provided by (used in) operating activities of continuing operations      
Net loss on significant disposals 700 [1] 0 [1] 0 [1]
Depreciation and amortization 3,964 3,937 3,905
Deferred income taxes 1,413 (2,333) (610)
Provision for credit losses on loans and unfunded lending commitments (3,891) 17,368 8,310
Realized gains from sales of investments (665) (1,756) (1,474)
Impairment losses on investments and other assets 206 165 32
Change in trading account assets 43,059 (98,997) (20,124)
Change in trading account liabilities (6,498) 48,133 (24,411)
Change in brokerage receivables net of brokerage payables 1,412 (3,066) (20,377)
Change in loans HFS (3,809) 1,202 (909)
Change in other assets (2,139) (1,012) 4,724
Change in other liabilities 6,839 558 1,737
Other, net (1,287) 4,113 16,955
Total adjustments 39,304 (31,688) (32,242)
Net cash provided by (used in) operating activities of continuing operations 61,249 (20,621) (12,837)
Cash flows from investing activities of continuing operations      
Change in securities borrowed and purchased under agreements to resell (32,576) (43,390) 19,362
Change in loans (1,173) 14,249 (22,466)
Proceeds from sales and securitizations of loans 2,918 1,495 2,878
Purchases of investments (359,158) (334,900) (274,491)
Proceeds from sales of investments 126,728 146,285 137,173
Proceeds from maturities of investments 142,100 124,229 119,051
Capital expenditures on premises and equipment and capitalized software (4,119) (3,446) (5,336)
Proceeds from sales of premises and equipment, subsidiaries and affiliates and repossessed assets 190 50 259
Other, net 185 116 196
Net cash used in investing activities of continuing operations (124,905) (95,312) (23,374)
Cash flows from financing activities of continuing operations      
Dividends paid (5,198) (5,352) (5,447)
Issuance of preferred stock 3,300 2,995 1,496
Redemption of preferred stock (3,785) (1,500) (1,980)
Treasury stock acquired (7,601) (2,925) (17,571)
Stock tendered for payment of withholding taxes (337) (411) (364)
Change in securities loaned and sold under agreements to repurchase (8,240) 33,186 (11,429)
Issuance of long-term debt 70,658 76,458 59,134
Payments and redemptions of long-term debt (74,950) (63,402) (51,029)
Change in deposits 44,966 210,081 57,420
Change in short-term borrowings (1,541) (15,535)  
Change in short-term borrowings     12,703
Net cash provided by financing activities of continuing operations 17,272 233,595 42,933
Effect of exchange rate changes on cash and due from banks (1,198) (1,966) (908)
Change in cash, due from banks and deposits with banks (47,582) 115,696 5,814
Cash, due from banks and deposits with banks at beginning of year 309,615 193,919 188,105
Cash, due from banks and deposits with banks at end of year 262,033 309,615 193,919
Cash and due from banks (including segregated cash and other deposits) 27,515 26,349 23,967
Deposits with banks, net of allowance 234,518 283,266 169,952
Cash, due from banks and deposits with banks at end of period 262,033 309,615 193,919
Supplemental disclosure of cash flow information for continuing operations      
Cash paid during the year for income taxes 4,028 4,797 4,888
Cash paid during the year for interest 7,143 12,094 27,901
Non-cash investing and financing activities      
Decrease in net loans associated with significant disposals reclassified to HFS 9,945 [1],[2] 0 [1],[2] 0 [1],[2]
Transfers to loans HFS (Other assets) from loans 7,414 [1],[2] 2,614 [1],[2] 5,500 [1],[2]
Decrease in long-term debt associated with significant disposals reclassified to HFS 479 [1] 0 [1] 0 [1]
Decrease in deposits associated with significant disposals reclassified to HFS $ 8,407 [1] $ 0 [1] $ 0 [1]
[1] See Note 2 to the Consolidated Financial Statements for further information on significant disposals.
[2] 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 26 to the Consolidated Financial Statements for more information and balances.