Consolidated Statement of Cash Flows


in € m.

2011

2010

2009

1

The initial acquisition accounting for ABN AMRO, which was finalized at March 31, 2011, resulted in a retrospective adjustment of retained earnings of € (24) million for December 31, 2010.

Net income

4,326

2,330

4,958

Cash flows from operating activities:

 

 

 

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

 

 

 

Provision for credit losses

1,839

1,274

2,630

Restructuring activities

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

(841)

(363)

(656)

Deferred income taxes, net

(387)

315

(296)

Impairment, depreciation and other amortization, and accretion

3,697

4,255

1,782

Share of net income from equity method investments

(222)

(457)

(189)

Income adjusted for noncash charges, credits and other items

8,412

7,354

8,229

Adjustments for net change in operating assets and liabilities:

 

 

 

Interest-earning time deposits with banks

(53,427)

(34,806)

4,583

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

(8,202)

26,368

(4,203)

Financial assets designated at fair value through profit or loss

(11,582)

(24,502)

24,890

Loans

(7,092)

(2,823)

17,213

Other assets

(17,962)

(5,894)

21,960

Deposits

66,168

22,656

(57,330)

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

(8,389)

53,450

(7,061)

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

12,622

(40,709)

(40,644)

Other short-term borrowings

1,689

18,509

2,592

Other liabilities

21,476

2,851

(15,645)

Senior long-term debt

(5,991)

(3,457)

(7,150)

Trading assets and liabilities, positive and negative market values from derivative financial instruments, net1

10,558

(17,664)

40,023

Other, net

(478)

(5,009)

(1,243)

Net cash provided by (used in) operating activities

7,802

(3,676)

(13,786)

Cash flows from investing activities:

 

 

 

Proceeds from:

 

 

 

Sale of financial assets available for sale

21,948

10,652

9,023

Maturities of financial assets available for sale

10,635

4,181

8,938

Sale of equity method investments

336

250

574

Sale of property and equipment

101

108

39

Purchase of:

 

 

 

Financial assets available for sale

(19,606)

(14,087)

(12,082)

Equity method investments

(602)

(145)

(3,730)

Property and equipment

(794)

(873)

(592)

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

348

8,580

(20)

Other, net

(451)

(1,189)

(1,749)

Net cash provided by (used in) investing activities

11,915

7,477

401

Cash flows from financing activities:

 

 

 

Issuances of subordinated long-term debt

76

1,341

457

Repayments and extinguishments of subordinated long-term debt

(715)

(229)

(1,448)

Issuances of trust preferred securities

37

90

1,303

Repayments and extinguishments of trust preferred securities

(45)

(51)

Capital increase

10,060

Purchases of treasury shares

(13,781)

(15,366)

(19,238)

Sale of treasury shares

12,229

13,519

18,111

Dividends paid to noncontrolling interests

(4)

(7)

(5)

Net change in noncontrolling interests

(266)

200

109

Cash dividends paid

(691)

(465)

(309)

Net cash provided by (used in) financing activities

(3,160)

9,092

(1,020)

Net effect of exchange rate changes on cash and cash equivalents

(964)

1,911

690

Net increase (decrease) in cash and cash equivalents

15,593

14,804

(13,715)

Cash and cash equivalents at beginning of period

66,353

51,549

65,264

Cash and cash equivalents at end of period

81,946

66,353

51,549

Net cash provided by (used in) operating activities include

 

 

 

Income taxes paid (received), net

1,327

784

(520)

Interest paid

17,743

13,740

15,878

Interest and dividends received

35,216

29,456

28,211

Cash and cash equivalents comprise

 

 

 

Cash and due from banks

15,928

17,157

9,346

Interest-earning demand deposits with banks (not included: time deposits of € 95,982 m. as of December 31, 2011, and € 43,181 m. and € 5,030 m. as of December 31, 2010 and 2009)

66,018

49,196

42,203

Total

81,946

66,353

51,549

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

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.

Deutsche Bank Annual Report 2011

Feedback