Consolidated Statement of Cash Flows

The accompanying notes are an integral part of the Consolidated Financial Statements.


in € m.

2010

2009

2008

Net income (loss)

2,330

4,958

(3,896)

Cash flows from operating activities:

 

 

 

Adjustments to reconcile net income to net cash provided by (used in) operating activities:

 

 

 

Provision for credit losses

1,274

2,630

1,076

Restructuring activities

Gain on sale of financial assets available for sale, equity method investments, and other

(363)

(656)

(1,732)

Deferred income taxes, net

315

(296)

(1,525)

Impairment, depreciation and other amortization, and accretion

4,255

1,782

3,047

Share of net income from equity method investments

(457)

(189)

(53)

Income (loss) adjusted for noncash charges, credits and other items

7,354

8,229

(3,083)

Adjustments for net change in operating assets and liabilities:

 

 

 

Interest-earning time deposits with banks

(34,806)

4,583

(3,964)

Central bank funds sold, securities purchased under resale agreements, securities borrowed

26,368

(4,203)

24,363

Trading assets and positive market values from derivative financial instruments

(27,237)

726,237

(472,203)

Financial assets designated at fair value through profit or loss

(24,502)

24,890

169,423

Loans

(2,823)

17,213

(37,981)

Other assets

(5,894)

21,960

38,573

Deposits

22,656

(57,330)

(56,918)

Trading liabilities and negative market values from derivative financial instruments

9,549

(686,214)

655,218

Financial liabilities designated at fair value through profit or loss and investment contract liabilities

53,450

(7,061)

(159,613)

Central bank funds purchased, securities sold under repurchase agreements, securities loaned

(40,709)

(40,644)

(97,009)

Other short-term borrowings

18,509

2,592

(14,216)

Other liabilities

2,851

(15,645)

(15,482)

Senior long-term debt

(3,457)

(7,150)

12,769

Other, net

(4,985)

(1,243)

(2,760)

Net cash provided by (used in) operating activities

(3,676)

(13,786)

37,117

Cash flows from investing activities:

 

 

 

Proceeds from:

 

 

 

Sale of financial assets available for sale

10,652

9,023

19,433

Maturities of financial assets available for sale

4,181

8,938

18,713

Sale of equity method investments

250

574

680

Sale of property and equipment

108

39

107

Purchase of:

 

 

 

Financial assets available for sale

(14,087)

(12,082)

(37,819)

Equity method investments

(145)

(3,730)

(881)

Property and equipment

(873)

(592)

(939)

Net cash received in (paid for) business combinations/divestitures

8,580

(20)

(24)

Other, net

(1,189)

(1,749)

(39)

Net cash provided by (used in) investing activities

7,477

401

(769)

Cash flows from financing activities:

 

 

 

Issuances of subordinated long-term debt

1,341

457

523

Repayments and extinguishments of subordinated long-term debt

(229)

(1,448)

(659)

Issuances of trust preferred securities

90

1,303

3,404

Repayments and extinguishments of trust preferred securities

(51)

Common shares issued under share-based compensation plans

19

Capital increase

10,060

2,200

Purchases of treasury shares

(15,366)

(19,238)

(21,736)

Sale of treasury shares

13,519

18,111

21,426

Dividends paid to noncontrolling interests

(7)

(5)

(14)

Net change in noncontrolling interests

200

109

331

Cash dividends paid

(465)

(309)

(2,274)

Net cash provided by (used in) financing activities

9,092

(1,020)

3,220

Net effect of exchange rate changes on cash and cash equivalents

1,911

690

(402)

Net increase (decrease) in cash and cash equivalents

14,804

(13,715)

39,166

Cash and cash equivalents at beginning of period

51,549

65,264

26,098

Cash and cash equivalents at end of period

66,353

51,549

65,264

Net cash provided by (used in) operating activities include

 

 

 

Income taxes paid (received), net

784

(520)

(2,495)

Interest paid

13,740

15,878

43,724

Interest and dividends received

29,456

28,211

54,549

Cash and cash equivalents comprise

 

 

 

Cash and due from banks

17,157

9,346

9,826

Interest-earning demand deposits with banks (not included: time deposits of € 43,181 m. as of December 31, 2010, and € 5,030 m. and € 9,301 m. as of December 31, 2009 and 2008)

49,196

42,203

55,438

Total

66,353

51,549

65,264

The acquisition of Deutsche Postbank AG shares, including the non-cash portion, is described in detail in Note 04 “Acquisitions and Dispositions”. The restructuring of loans the Group held with the Icelandic generic pharmaceutical group Actavis Group hF resulted in a non-cash reclassification of the subordinated financing arrangement from operating to investing activities for the purposes of the Consolidated Statement of Cash Flows. The transaction is described in detail in Note 17 “Equity Method Investments”.

Key figures comparison

Compare key figures of the past years. more

Signs and Symbols
  • Save section as pdf file
  • Save table as xls file
  • Print page
  • Add file to file library
  • Glossary
  • Link to a page outside of this report
  • Link to a page within this report
  • Compare to 2009
  • Corresponding page at the PDF version of this report
Help

Explanations to make the best possible use of the information provided and the various service features can be found here.