Citizens financial group inc/ri (CFG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
OPERATING ACTIVITIES
Net income

1,791

1,721

1,652

1,045

840

865

-3,426

643

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses

393

326

321

369

302

319

479

413

Originations of mortgage loans held for sale

21,188

8,036

2,911

2,829

2,363

1,615

3,781

5,496

Proceeds from sales of mortgage loans held for sale

20,430

8,149

3,161

2,652

2,381

1,578

4,229

5,436

Purchases of commercial loans held for sale

1,979

1,944

2,057

1,355

1,176

312

0

0

Proceeds from sales of commercial loans held for sale

2,065

1,857

1,963

1,335

1,158

269

0

0

Amortization of terminated cash flow hedges, net

-

-

-

-

17

46

73

97

Depreciation, amortization and accretion

633

489

487

515

471

386

404

467

Mortgage servicing rights valuation charge-off (recovery)

1

-3

-2

-4

-9

-5

-47

12

Other-than-temporary Impairment Loss, Debt Securities, Portion Recognized in Earnings

2

3

7

12

7

10

8

24

Goodwill impairment

-

-

-

-

-

-

4,435

0

Gain on other investment securities

-

-

-

-

-

-

-

3

Deferred income taxes

64

97

-136

153

249

141

-53

306

Share-based compensation

41

41

48

23

24

53

27

29

Loss on disposal/impairment of premises and equipment

-

-

-

-

-

-27

-16

-11

Loss on sale of other branch assets held for sale

-

-

-

-

-

-9

0

0

Net gain on sales of:
Debt securities

25

19

11

16

29

28

144

93

Equity securities

0

0

1

3

3

-

-

-

Other investment securities

-

-

-

-

-

-

-

63

Marketable equity securities available for sale

-

-

-

-

-

0

0

-

Premises and equipment

6

0

0

2

9

0

0

-

Extinguishment of debt

-

-

-

-

3

0

0

-

Other loans held for sale

0

0

17

72

0

11

0

0

Deposits held for sale

-

-

-

-

-

286

0

0

Gain on sale of: Other assets

-

-

-

-

-

-

-

-24

Increase in other assets

856

1,217

502

274

467

295

-827

-76

Decrease in other liabilities

331

303

-119

-59

-161

239

-398

-169

Net cash (used in) provided by operating activities

1,697

1,767

1,883

1,490

1,229

1,390

2,649

1,714

INVESTING ACTIVITIES
Investment securities:
Investment securities:
Purchases of debt securities available for sale

8,422

4,270

5,394

7,664

6,783

8,315

10,999

5,532

Proceeds from maturities and paydowns of debt securities available for sale

3,946

3,258

3,470

3,785

3,420

2,999

4,708

6,667

Proceeds from sales of debt securities available for sale

5,016

998

1,257

1,966

3,916

3,325

3,645

2,724

Purchases of debt securities held to maturity

0

0

171

523

932

1,174

224

0

Proceeds from maturities and paydowns of debt securities held to maturity

398

522

561

720

761

362

22

0

Purchases of equity securities, at fair value

717

162

326

246

157

0

0

-

Proceeds from sales of equity securities, at fair value

851

150

253

220

120

0

0

-

Proceeds from sales of securities held to maturity

-

-

-

-

72

0

0

-

Purchases of equity securities, at cost

511

754

400

166

91

84

1

1

Proceeds from sales of equity securities, at cost

538

642

637

87

95

146

127

204

Net decrease (increase) in interest-bearing deposits in banks

-149

44

247

-83

14

-137

993

-995

Purchases of mortgage servicing rights

0

16

28

0

0

-

-

-

Acquisitions, net of cash acquired

129

533

0

0

-

-

-

-

Net increase in loans and leases

4,334

6,445

3,634

9,074

6,019

6,900

341

1,432

Net increase in bank-owned life insurance

27

42

44

48

37

188

40

42

Premises and equipment:
Purchases

126

232

253

138

121

141

160

178

Proceeds from sales

31

0

0

3

15

3

25

6

Net cash payments for divestiture activities

-

-

-

-

-

-

-

309

Capitalization of software

240

237

159

165

178

170

208

193

Net cash used in investing activities

-3,875

-7,077

-3,984

-11,326

-5,905

-10,274

-2,453

919

FINANCING ACTIVITIES
Net increase in deposits

5,738

4,486

5,285

7,265

6,832

3,813

-2,968

2,584

Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase

-891

341

-333

346

-3,474

-515

1,190

-551

Net decrease in other short-term borrowed funds

-157

-5,211

-4,959

-3,186

-4,383

4,002

1,750

-2,599

Proceeds from issuance of long-term borrowed funds

12,850

22,503

15,363

15,144

6,750

3,249

1,002

337

Repayments of long-term borrowed funds

14,857

14,837

12,751

8,429

766

6

291

2,885

Payments for Repurchase of Common Stock

1,220

1,025

820

430

500

334

0

0

Net proceeds from issuance of preferred stock

730

593

0

0

247

0

0

-

Dividends declared and paid to common stockholders

617

471

322

241

214

806

0

0

Dividends declared and paid to RBS

-

-

-

-

-

-

1,185

150

Dividends declared and paid to preferred stockholders

65

14

14

14

7

0

0

-

Payments of employee tax withholding for share-based compensation

21

13

20

0

0

-

-

-

Net cash provided by (used in) financing activities

1,490

6,352

1,429

10,455

4,485

9,403

-502

-3,264

(Decrease) increase in cash and cash equivalents

-688

1,042

-672

619

-191

519

-306

-631

Supplemental disclosures:
Interest paid

1,560

1,184

716

505

454

338

452

644

Income taxes paid

326

241

371

94

157

391

20

201

Non-cash items:
Transfer of securities from available for sale to held to maturity

192

0

0

-

-

-

4,240

0

Transfer of securities from held to maturity to available for sale

734

0

0

-

-

-

-

-

Transfer of loans and leases to other loans held for sale

-

-

-

-

-

-

1,078

22

Loans securitized and transferred to securities available for sale

150

142

134

68

3

18

106

21

Stock issued for share-based compensation plans

59

20

22

12

40

71

0

0

Capital contribution

-

-

-

-

-

-

14

27

Stock issued for Employee Stock Purchase Plan

17

14

12

10

9

2

0

0

Due from broker for securities sold but not settled

0

0

6

0

0

-

-442

-4

Income tax withholding on stock purchased for share based compensation

-

-

-

-

22

2

0

0

Due to broker for securities purchased but not settled

-

-

-

-

-

-

-

2