Consolidated Statement of Cash Flows

 (unaudited)

 

Six months ended

in € m.

Jun 30, 2010

Jun 30, 2009

1

Included are senior long-term debt issuances of € 5,772 million and € 7,844 million and repayments and extinguishments of € 6,706 million and € 8,454 million until June 30, 2010 and June 30, 2009, respectively.

2

Included are issuances of € 20,077 million and € 24,913 million and repayments and extinguishments of € 16,843 million and € 23,968 million until June 30, 2010 and June 30, 2009, respectively.

Net income

2,943

2,255

Cash flows from operating activities:

 

 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

Provision for credit losses

506

1,526

Restructuring activities

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

(113)

(448)

Deferred income taxes, net

245

153

Impairment, depreciation and other amortization, and accretion

971

1,496

Share of net income from equity method investments

(229)

(88)

Income adjusted for noncash charges, credits and other items

4,323

4,894

Adjustments for net change in operating assets and liabilities:

 

 

Interest-earning time deposits with banks

(1,442)

(5,941)

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

(4,643)

(4,705)

Trading assets and positive market values from derivative financial instruments

(201,450)

582,690

Financial assets designated at fair value through profit or loss

(26,375)

18,620

Loans

(12,427)

12,691

Other assets

(59,614)

(24,033)

Deposits

35,472

(35,877)

Trading liabilities and negative market values from derivative financial instruments

181,714

(563,884)

Financial liabilities designated at fair value through profit or loss and investment contract liabilities1

47,532

1,029

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

(14,803)

(36,728)

Other short-term borrowings

10,996

3,641

Other liabilities

54,284

29,969

Senior long-term debt2

12,140

(3,533)

Other, net

(7,061)

(2,087)

Net cash provided by (used in) operating activities

18,646

(23,254)

Cash flows from investing activities:

 

 

Proceeds from:

 

 

Sale of financial assets available for sale

3,689

5,307

Maturities of financial assets available for sale

1,778

5,235

Sale of equity method investments

282

316

Sale of property and equipment

12

28

Purchase of:

 

 

Financial assets available for sale

(6,287)

(6,444)

Equity method investments

(71)

(3,416)

Property and equipment

(371)

(245)

Net cash received in business combinations/divestitures

1,525

Other, net

(448)

(1,511)

Net cash provided by (used in) investing activities

109

(730)

Cash flows from financing activities:

 

 

Issuances of subordinated long-term debt

1,038

321

Repayments and extinguishments of subordinated long-term debt

(655)

(1,235)

Issuances of trust preferred securities

98

Repayments and extinguishments of trust preferred securities

(10)

Purchases of treasury shares

(6,887)

(14,607)

Sale of treasury shares

6,030

14,326

Dividends paid to noncontrolling interests

(7)

(5)

Net change in noncontrolling interests

(344)

(105)

Cash dividends paid

(465)

(309)

Net cash used in financing activities

(1,202)

(1,614)

Net effect of exchange rate changes on cash and cash equivalents

1,695

1,411

Net increase (decrease) in cash and cash equivalents

19,248

(24,187)

Cash and cash equivalents at beginning of period

51,549

65,264

Cash and cash equivalents at end of period

70,797

41,077

Net cash provided by (used in) operating activities include

 

 

Income taxes paid (received), net

310

(1,244)

Interest paid

7,410

10,762

Interest and dividends received

15,133

17,554

Cash and cash equivalents comprise

 

 

Cash and due from banks

13,437

11,073

Interest-earning demand deposits with banks (not included: time deposits of € 9,050 million as of June 30, 2010, and € 15,558 million as of June 30, 2009)

57,360

30,004

Total

70,797

41,077

The acquisition of Deutsche Postbank AG shares in 2009, including the non-cash portion, is described in detail in the Financial Report 2009 in Note [16].

Service Functions

Download PDF (Consolidated Financial Statements , 133 kB) Download XLS (Consolidated Statement of Cash Flows (unaudited), 23 kB) add this file to your file library

Download pdf

Download xls

Add file

Print

e-mail