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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities of continuing operations      
Net income before attribution of noncontrolling interests $ 14,975 $ 17,332 $ 7,502
Net income attributable to noncontrolling interests 63 90 192
Citigroup’s net income 14,912 17,242 7,310
Loss from discontinued operations, net of taxes (58) (54) (2)
Income from continuing operations—excluding noncontrolling interests 14,970 17,296 7,312
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations      
Gains on significant disposals [1] (404) (3,210) (452)
Amortization of deferred policy acquisition costs and present value of future profits 33 191 210
Additions to deferred policy acquisition costs (41) (62) (64)
Depreciation and amortization 3,720 3,506 3,589
Deferred tax provision 1,459 2,794 3,347
Provision for loan losses 6,749 7,108 6,828
Realized gains from sales of investments (948) (682) (570)
Net impairment losses on investments, goodwill and intangible assets 621 318 426
Change in trading account assets (2,710) 46,830 (10,858)
Change in trading account liabilities 21,533 (21,524) 30,274
Change in brokerage receivables, net of brokerage payables 2,226 2,278 (4,272)
Change in loans held-for-sale (HFS) 6,603 (7,207) (1,144)
Change in other assets (6,859) (32) (1,690)
Change in other liabilities (28) (1,135) 7,973
Other, net 7,008 (6,732) 5,434
Total adjustments 38,962 22,441 39,031
Net cash provided by operating activities of continuing operations 53,932 39,737 46,343
Cash flows from investing activities of continuing operations      
Change in deposits with banks (25,311) 15,488 40,916
Change in federal funds sold and securities borrowed or purchased under agreements to resell (17,138) 22,895 14,467
Change in loans (39,761) 1,353 1,170
Proceeds from sales and securitizations of loans 18,140 9,610 4,752
Purchases of investments (211,402) (242,362) (258,992)
Proceeds from sales of investments [2] 132,183 141,470 135,824
Proceeds from maturities of investments 65,525 82,047 94,117
Proceeds from significant disposals [1] 265 5,932 346
Payments due to transfers of net liabilities associated with significant disposals [1],[3] 0 (18,929) (1,255)
Capital expenditures on premises and equipment and capitalized software (2,756) (3,198) (3,386)
Proceeds from sales of premises and equipment, subsidiaries and affiliates, and repossessed assets 667 577 623
Net cash provided by (used in) investing activities of continuing operations (79,588) 14,883 28,582
Cash flows from financing activities of continuing operations      
Dividends paid (2,287) (1,253) (633)
Issuance of preferred stock 2,498 6,227 3,699
Treasury stock acquired (9,290) (5,452) (1,232)
Stock tendered for payment of withholding taxes (316) (428) (508)
Change in federal funds purchased and securities loaned or sold under agreements to repurchase (4,675) (26,942) (30,074)
Issuance of long-term debt 63,806 44,619 66,836
Payments and redemptions of long-term debt (55,460) (52,843) (58,923)
Change in deposits 24,394 8,555 (48,336)
Change in short-term borrowings 9,622 (37,256) (1,099)
Net cash provided by (used in) financing activities of continuing operations 28,292 (64,773) (70,270)
Effect of exchange rate changes on cash and cash equivalents (493) (1,055) (2,432)
Change in cash and due from banks 2,143 (11,208) 2,223
Cash and due from banks at beginning of period 20,900 32,108 29,885
Cash and due from banks at end of period 23,043 20,900 32,108
Supplemental disclosure of cash flow information for continuing operations      
Cash paid during the year for income taxes 4,359 4,978 4,632
Cash paid during the year for interest 12,067 12,031 14,001
Non-cash investing activities      
Change in loans due to consolidation/deconsolidation of VIEs 0 0 (374)
Decrease in net loans associated with significant disposals reclassified to HFS 0 (9,063) 0
Decrease in investments associated with significant disposals reclassified to HFS 0 (1,402) 0
Decrease in goodwill and intangible assets associated with significant disposals reclassified to HFS 0 (223) 0
Decrease in deposits associated with banks with significant disposals reclassified to HFS 0 (404) 0
Transfers to loans HFS from loans 13,900 28,600 15,100
Transfers to OREO and other repossessed assets 165 276 321
Non-cash financing activities      
Decrease in long-term debt associated with significant disposals reclassified to HFS 0 (4,673) 0
Decrease in deposits associated with reclassification to HFS 0 0 (20,605)
Increase in short-term borrowings due to consolidation of VIEs 0 0 500
Decrease in long-term debt due to deconsolidation of VIEs 0 $ 0 $ (864)
China Guangfa Bank [Member]      
Cash flows from investing activities of continuing operations      
Proceeds from sales of investments $ 3,300    
[1] See Note 1 to the Consolidated Financial Statements for the adoption of ASU No. 2014-08 in the second quarter of 2014 and Note 2 for further information on significant disposals.
[2] Proceeds for 2016 include approximately $3.3 billion from the sale of Citi’s investment in China Guangfa Bank.
[3] The payments associated with significant disposals result primarily from the sale of deposit liabilities.