Deutsche Bank
Interim Report 2Q2012
Deutsche Bank Interim Report as of June 30, 2012
Statement of Cash Flows

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Consolidated Statement of Cash Flows

 

Six months ended

in € m.

Jun 30, 2012

Jun 30, 2011

1

Included are senior long-term debt issuances of € 5,848 million and € 5,064 million and repayments and extinguishments of € 6,043 million and € 4,253 million through June 30, 2012 and June 30, 2011, respectively.

2

Included are issuances of € 15,093 million and € 19,940 million and repayments and extinguishments of € 20,259 million and € 25,765 million through June 30, 2012 and June 30, 2011, respectively.

Net income

2,063

3,363

Cash flows from operating activities:

 

 

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

 

 

Provision for credit losses

733

837

Restructuring activities

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

(258)

(626)

Deferred income taxes, net

442

572

Impairment, depreciation and other amortization, and accretion

1,613

1,453

Share of net income (loss) from equity method investments

(162)

(60)

Income adjusted for noncash charges, credits and other items

4,431

5,539

Adjustments for net change in operating assets and liabilities:

 

 

Interest-earning time deposits with banks

7,057

(11,483)

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

(23,079)

(2,642)

Financial assets designated at fair value through profit or loss

(19,535)

(13,243)

Loans

(1,479)

11,052

Other assets

(48,528)

(46,604)

Deposits

3,328

14,720

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

(3,995)

(10,973)

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

40,098

24,886

Other short-term borrowings

(1,674)

1,819

Other liabilities

50,097

48,054

Senior long-term debt2

(3,400)

(10,017)

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

(8,993)

(25,510)

Other, net

329

2,150

Net cash used in operating activities

(5,343)

(12,252)

Cash flows from investing activities:

 

 

Proceeds from:

 

 

Sale of financial assets available for sale

2,884

14,452

Maturities of financial assets available for sale

7,333

6,462

Sale of equity method investments

24

123

Sale of property and equipment

107

36

Purchase of:

 

 

Financial assets available for sale

(7,868)

(11,938)

Equity method investments

(3)

(653)

Property and equipment

(262)

(379)

Net cash received in business combinations/divestitures

95

226

Other, net

(400)

(318)

Net cash provided by investing activities

1,910

8,011

Cash flows from financing activities:

 

 

Issuances of subordinated long-term debt

12

6

Repayments and extinguishments of subordinated long-term debt

(349)

(168)

Issuances of trust preferred securities

8

29

Repayments and extinguishments of trust preferred securities

(38)

(73)

Purchases of treasury shares

(7,855)

(8,591)

Sale of treasury shares

7,339

7,615

Dividends paid to noncontrolling interests

(5)

(3)

Net change in noncontrolling interests

(76)

109

Cash dividends paid

(689)

(691)

Net cash used in financing activities

(1,653)

(1,767)

Net effect of exchange rate changes on cash and cash equivalents

(120)

(1,336)

Net decrease in cash and cash equivalents

(5,206)

(7,344)

Cash and cash equivalents at beginning of period

81,946

66,353

Cash and cash equivalents at end of period

76,740

59,009

Net cash provided by (used in) operating activities include

 

 

Income taxes paid, net

572

551

Interest paid

9,217

9,004

Interest and dividends received

17,930

17,873

Cash and cash equivalents comprise

 

 

Cash and due from banks

20,258

20,741

Interest-earning demand deposits with banks (not included: time deposits of € 88,670 million as of June 30, 2012, and € 53,804 million as of June 30, 2011)

56,482

38,268

Total

76,740

59,009