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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities of continuing operations    
Net income before attribution of noncontrolling interests $ 4,107 $ 3,407
Net income attributable to noncontrolling interests 43 36
Citigroup’s net income 4,064 3,371
Income (loss) from discontinued operations, net of taxes (1) (1)
Income from continuing operations—excluding noncontrolling interests 4,065 3,372
Adjustments to reconcile net income to net cash provided by (used in) operating activities of continuing operations    
Depreciation and amortization 1,050 1,110
Deferred income taxes (8) (348)
Provisions for credit losses and for benefits and claims [1] 2,723 2,365
Realized gains from sales of investments (121) (115)
Impairment losses on investments and other assets 58 30
Change in trading account assets (75,872) (19,761)
Change in trading account liabilities 14,842 1,307
Change in brokerage receivables net of brokerage payables 5,102 2,075
Change in loans held-for-sale (HFS) (856) (414)
Change in other assets (3,067) (997)
Change in other liabilities [2] (2,168) (4,272)
Other, net (4,456) 4,817
Total adjustments (62,773) (14,203)
Net cash provided by (used in) operating activities of continuing operations (58,708) (10,831)
Cash flows from investing activities of continuing operations    
Change in securities borrowed and purchased under agreements to resell (116,153) 1,436
Change in loans (11,506) 11,380
Proceeds from sales and securitizations of loans 1,002 709
Available-for-sale (AFS) debt securities    
Purchases of investments (73,927) (70,491)
Proceeds from sales of investments 36,332 15,372
Proceeds from maturities of investments 45,315 55,520
Held-to-maturity (HTM) debt securities    
Purchases of investments (4,940) (2,823)
Proceeds from maturities of investments 26,941 4,613
Capital expenditures on premises and equipment and capitalized software (1,517) (1,607)
Proceeds from sales of premises and equipment and repossessed assets 11 162
Other, net (541) 573
Net cash provided by (used in) investing activities of continuing operations (98,983) 14,844
Cash flows from financing activities of continuing operations    
Dividends paid (1,323) (1,291)
Issuance of preferred stock 1,995 548
Redemption of preferred stock (1,500) (550)
Treasury stock acquired (1,751) (413)
Stock tendered for payment of withholding taxes (754) (433)
Change in securities loaned and sold under agreements to repurchase 149,204 21,280
Issuance of long-term debt 29,612 20,412
Payments and redemptions of long-term debt (23,093) (20,137)
Change in deposits 31,952 (1,518)
Change in short-term borrowings 634 (5,547)
Net cash provided by (used in) financing activities of continuing operations 184,976 12,351
Effect of exchange rate changes on cash, due from banks and deposits with banks 4,514 (4,566)
Change in cash, due from banks and deposits with banks 31,799 11,798
Cash, due from banks and deposits with banks at beginning of period 276,532 260,932
Cash, due from banks and deposits with banks at end of period 308,331 272,730
Cash and due from banks (including segregated cash and other deposits) 24,463 25,174
Deposits with banks, net of allowance 283,868 247,556
Cash, due from banks and deposits with banks at end of period 308,331 272,730
Supplemental disclosure of cash flow information for continuing operations    
Cash paid during the period for income taxes [3] 1,514 1,457
Cash paid during the period for interest 19,389 22,115
Non-cash investing activities    
Transfers to loans HFS (Other assets) from loans HFI [4] $ 1,032 $ 959
[1]     Effective January 1, 2025, certain transaction processing fees paid by Citi, primarily to credit card networks, which were previously presented within Other operating expenses, are presented as contra-revenue within Commissions and fees reported in Non-interest revenue. Prior periods were conformed to reflect this change in presentation.
[2] Includes balances related to the FDIC special assessment and restructuring charges (see Notes 17 and 9, respectively).
[3] Includes net cash paid (received) for purchases and sales of nonrefundable, transferable tax credits.
[4] 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 for more information and balances as of March 31, 2025.