CIT GROUP INC. CIT Cash Flow

Cit group inc. (CIT)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows from Operations
Net (loss) income
-213	529	491	479	469	447	267	355	385	468	-586	-674	-814	-848	434	980	1,077	1,034	1,134	971	1,104	1,119	1,008	693	630	675	752	253	-2	-592	-767	-501	-477	14	62	211	442	521	0	0	0
Adjustments to reconcile net (loss) income to net cash flows from operations:
Provision for credit losses
591	110	119	130	135	171	170	162	133	114	120	137	160	210	231	234	225	160	117	106	98	100	99	77	82	64	50	34	28	51	67	114	189	269	436	554	716	820	0	0	0
Depreciation on operating lease equipment
307	308	311	313	314	311	305	299	299	296	225	355	476	606	804	797	791	783	801	775	1,006	973	1,031	1,053	788	798	773	1,189	1,408	1,985	2,069	1,550	1,380	751	349	248	-147	-504	0	0	0
Amortization of stock compensation expenses
49	44	42	40	39	38	41	40	43	45	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on asset sales and impairments on assets held for sale
104	71	94	128	129	128	93	65	284	298	0	0	0	-	-	-	-	-	-	-	-	-	-360	-433	-169	-185	-187	-175	-191	-342	-388	-477	-548	-502	-471	-502	-510	-438	0	0	0
Loss on debt extinguishment and deposit redemption
-	-0	-16	-19	-38	-38	-25	-74	-220	-259	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for deferred income taxes
196	115	81	99	115	118	39	-93	-127	-39	842	1,001	1,025	978	127	-536	-526	-572	-602	-387	-416	-433	-375	33	55	59	48	41	26	32	48	66	52	57	30	51	109	108	0	0	0
(Increase) decrease in loans held for sale
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in finance receivables held for sale
-	-	-	-	-	57	237	189	142	96	-212	-172	-395	-336	37	-34	230	251	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in finance receivables held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-56	-	426	375	249	161	123	365	399	407	130	-40	-36	-54	-11	2	26	46	31	32	22	31	0	0	0
Net (payment) reimbursement of expenses from FDIC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in other assets
723	303	420	163	83	-0	67	96	-117	-172	-323	-396	-325	-227	-201	-6	-63	-53	399	317	261	179	-241	-143	-84	-26	21	141	30	106	-56	-505	-402	-503	-223	187	300	404	0	0	0
Decrease in other liabilities
-6	80	69	-94	-102	-143	-73	-104	-604	-712	-530	-408	301	263	-117	47	-328	-45	522	221	385	299	-431	20	-36	-171	257	-47	-259	-86	-251	-469	-398	-394	-75	258	269	454	0	0	0
Other operating activities
87	78	66	84	200	187	185	160	59	69	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows (used in) provided by operations
477	927	709	673	961	982	819	799	355	534	1,373	1,647	2,301	2,406	1,712	1,706	1,408	1,189	1,360	1,051	1,342	1,378	1,337	1,954	1,834	1,676	1,804	1,124	964	908	832	911	736	856	706	665	602	587	0	0	0
Cash Flows from Investing Activities
Changes in loans, net
2,349	1,598	2,165	2,761	2,122	1,883	2,236	1,330	636	195	-738	-1,226	-822	-657	-67	873	1,708	1,759	-8,363	-5,185	-1,993	1,862	1,295	1,515	2,276	2,846	18,704	18,643	18,245	18,983	18,713	19,474	30,580	20,576	47,783	38,610	18,455	18,898	0	0	0
Purchases of investment securities and securities purchased under agreement to resell
11,927	12,953	10,971	6,978	4,904	3,020	4,687	4,734	5,879	7,022	6,058	6,429	6,252	4,940	4,737	4,954	5,668	8,316	8,475	8,052	9,904	10,024	10,672	15,319	15,812	16,462	16,625	16,367	15,924	16,322	15,004	10,625	13,156	14,971	13,944	12,781	6,273	148	0	0	0
Proceeds from sales and maturities of investment securities and securities purchased under agreement to resell
15,808	12,543	9,606	5,721	2,605	2,882	3,650	4,031	3,991	4,752	3,965	4,210	4,897	3,611	4,923	5,870	6,232	9,226	7,911	6,433	10,354	10,461	11,814	16,153	15,371	14,983	15,182	16,041	15,588	16,580	0	0	0	-	-	-	-	-	-	-	-
Principal collections of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	15,775	16,038	15,630	16,673	16,646	18,207	20,740	21,670	23,110	23,616	24,439	25,673	0	0	0
Proceeds from asset and receivable sales
1,054	1,009	997	763	1,499	1,548	1,382	1,326	690	907	1,452	1,644	1,725	1,754	1,973	2,276	2,137	2,252	2,476	2,327	3,741	3,688	2,932	3,065	1,931	1,812	2,559	2,388	3,502	4,499	5,196	5,612	4,817	4,315	3,874	4,528	5,733	5,262	0	0	0
Purchases of assets to be leased and other equipment
986	807	636	622	609	655	603	493	542	793	1,106	1,535	1,904	1,866	2,646	3,043	3,005	3,088	2,488	2,313	2,769	3,058	3,492	3,318	2,879	2,335	1,824	1,712	1,741	1,776	2,284	2,397	2,691	2,136	3,235	2,450	1,243	1,286	0	0	0
Net (increase) decrease in short-term factoring receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	131	96	-27	-124	152	-67	238	8	-29	155	230	105	150	70	-31	134	241	220	192	196	141	105	299	527	0	0	0
Proceeds from redemption of restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to the FDIC under loss share agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of OREO, net of repurchases
29	37	43	39	56	64	77	102	98	107	108	107	121	129	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of bank owned life insurance
95	200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition, net of cash received
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	448	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-	-22	-37	-46	-39	-44	-36	-41	-54	-63	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	-16	-20	-156	-266	-5	-1,602	-93	-25	-160	1,220	-127	20	-31	294	314	-943	-1,432	-436	-1,683	444	1,265	-604	1,134	0	0	0
Net cash flows provided by (used in) investing activities
819	-1,947	-2,224	-2,926	-2,526	43	-2,512	-1,815	7,022	7,064	8,897	9,462	-242	-508	-315	1,819	586	1,085	701	-3,150	1,192	-1,162	-2,111	-1,849	-4,702	-4,615	-3,505	-2,153	-1,516	490	1,854	5,480	8,051	4,268	4,325	2,725	4,323	10,186	0	0	0
Cash Flows from Financing Activities
Proceeds from the issuance of term debt and FHLB advances
0	-	-	-	-	4,608	4,858	5,514	5,518	2,465	4,084	2,434	2,431	2,426	30	678	1,111	1,626	2,615	3,475	3,258	3,875	3,794	3,285	3,126	2,099	2,015	5,014	8,502	13,523	14,483	12,668	9,458	6,680	5,213	3,537	4,298	3,000	0	0	0
Repayments of term debt, FHLB advances, and net settlements
3,205	4,365	4,284	4,564	5,311	5,395	4,794	5,431	10,155	9,601	12,876	11,469	5,558	4,977	2,022	2,425	2,753	4,325	5,281	5,102	7,258	5,762	4,712	4,691	2,514	2,498	3,935	8,440	13,087	19,542	20,554	21,724	19,798	15,626	15,322	11,405	12,582	13,007	0	0	0
Proceeds from FHLB advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of FHLB debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,226	7,666	6,454	6,070	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in deposits
222	3,898	5,091	4,134	4,365	1,679	1,235	237	-1,740	-2,729	-3,257	-1,922	-538	-459	549	1,100	1,616	2,419	3,314	3,319	3,564	3,310	2,655	2,746	2,467	2,823	3,102	4,011	3,893	3,499	3,762	2,752	2,539	1,680	246	-200	-465	-597	0	0	0
Net repayments of non-recourse leveraged lease debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Collection of security deposits and maintenance funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	355	361	326	330	178	208	269	332	269	278	310	295	570	584	557	563	545	547	557	554	537	578	597	660	0	0	0
Use of security deposits and maintenance funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	175	136	149	147	-102	11	63	163	82	64	135	124	502	472	403	373	416	471	490	498	451	467	494	586	0	0	0
Repurchase of common stock
-	340	800	1,088	1,611	1,626	1,173	1,002	3,626	3,431	0	0	0	-	-	-	-	531	649	616	971	775	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
159	146	139	133	120	115	111	103	104	113	113	123	123	123	122	122	118	114	112	109	102	95	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid through withholding of common stock under employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on affordable housing investment credits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-197	-26	-31	-38	-75	-92	-64	-68	-31	10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows provided by financing activities
1,088	1,908	1,979	453	-1,206	-942	-50	-853	-9,822	-13,083	-14,554	-13,874	-3,643	-2,971	-2,221	-855	-147	-896	362	1,256	-1,273	941	1,039	765	2,888	2,384	1,199	684	-538	-2,328	-2,178	-6,228	-7,734	-7,208	-9,758	-7,942	-8,637	-10,529	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-5	1	-7	-3	-13	-15	-8	-3	12	15	-17	-22	-28	-34	-12	-34	-15	-63	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash, cash equivalents and restricted cash
2,378	890	457	-1,803	-2,785	69	-1,751	-1,873	-2,432	-5,469	-4,300	-2,787	-1,612	-1,107	-836	2,635	1,831	1,315	2,288	-956	1,128	1,074	265	870	20	-555	-502	-344	-1,090	-929	508	163	1,053	-2,084	-4,726	-4,552	-3,712	244	0	0	0
Supplementary Cash Flow Disclosures
Interest paid
938	946	948	914	886	809	765	731	800	915	1,009	1,129	1,127	1,149	0	0	0	-	-	-	-	1,075	1,062	2,029	996	997	-1,425	-2,414	-1,334	-1,240	-2,514	-2,349	-2,068	-1,939	2,143	2,298	2,480	2,688	0	0	0
Federal, foreign, state and local income taxes refunded, net
41	41	-21	-23	-21	-25	-23	-44	-43	-40	-26	53	61	61	85	20	23	9	-29	-23	-29	-21	-27	-15	-35	-68	-85	-72	-51	-18	-32	-159	-107	-94	-32	65	38	25	0	0	0
Supplementary Non Cash Flow Disclosure
Transfer of assets from held for investment to held for sale
434	480	480	430	345	397	315	1,109	2,032	2,109	2,147	1,785	1,487	2,093	3,010	4,170	3,631	3,039	6,049	4,282	3,377	2,671	5,210	4,903	4,889	5,167	1,391	1,660	1,062	1,421	838	1,190	3,709	3,959	0	0	0	-	-	-	-
Transfer of assets from held for sale to held for investment
37	25	25	49	44	64	101	106	168	174	156	135	90	124	206	242	269	208	105	77	34	64	32	33	33	10	40	18	18	11	97	175	204	229	0	0	0	-	-	-	-
Deposits on flight equipment purchases applied to acquisition of flight equipment purchases, and origination of finance leases, capitalized interest, and buyer furnished equipment
-	-	-	-	-	-	-	-	-	91	167	197	348	286	-11	69	-4	65	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers of assets to OREO
12	21	25	30	38	39	44	61	69	99	103	106	109	90	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease unexercised bargain purchase options
-	-	-	-	-	-	-	-	-	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commitments extended during the period on affordable housing investment credits
73	80	63	89	69	64	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock - acquisition
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of finance receivables from held for investment to held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0