Consolidated Statement of Cash Flows

 (unaudited)

 

Six months ended

in € m.

Jun 30, 2013

Jun 30, 2012

1

Included are senior long-term debt issuances of € 4,989 million and € 5,848 million and repayments and extinguishments of € 7,599 million and € 6,066 million through June 30, 2013 and June 30, 2012, respectively.

2

Included are issuances of € 17,436 million and € 15,263 million and repayments and extinguishments of € 27,200 million and € 20,250 million through June 30, 2013 and June 30, 2012, respectively.

Net income

1,995

2,074

Cash flows from operating activities:

 

 

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

 

 

Provision for credit losses

828

733

Restructuring activities

257

0

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

(184)

(258)

Deferred income taxes, net

598

447

Impairment, depreciation and other amortization, and accretion

1,194

1,612

Share of net income (loss) from equity method investments

(198)

(162)

Income adjusted for noncash charges, credits and other items

4,490

4,446

Adjustments for net change in operating assets and liabilities:

 

 

Interest-earning time deposits with banks

23,667

7,048

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

(4,613)

(23,147)

Financial assets designated at fair value through profit or loss

(5,292)

(19,535)

Loans

8,841

(1,489)

Other assets

(70,022)

(48,622)

Deposits

(22,724)

3,328

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

(12,611)

(3,997)

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

(8,432)

40,161

Other short-term borrowings

1,934

(1,718)

Other liabilities

71,554

50,554

Senior long-term debt2

(14,072)

(3,419)

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

20,061

(9,160)

Other, net

1,580

274

Net cash provided by (used in) operating activities

(5,639)

(5,276)

Cash flows from investing activities:

 

 

Proceeds from:

 

 

Sale of financial assets available for sale

6,281

2,883

Maturities of financial assets available for sale

6,544

7,333

Sale of equity method investments

54

24

Sale of property and equipment

86

107

Purchase of:

 

 

Financial assets available for sale

(16,196)

(7,868)

Equity method investments

0

(3)

Property and equipment

(243)

(262)

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

47

95

Other, net

(287)

(400)

Net cash provided by (used in) investing activities

(3,714)

1,909

Cash flows from financing activities:

 

 

Issuances of subordinated long-term debt

1,178

12

Repayments and extinguishments of subordinated long-term debt

(1,504)

(349)

Issuances of trust preferred securities

11

8

Repayments and extinguishments of trust preferred securities

(3)

(38)

Capital increase

2,961

0

Purchases of treasury shares

(7,695)

(7,855)

Sale of treasury shares

7,150

7,339

Dividends paid to noncontrolling interests

0

(3)

Net change in noncontrolling interests

13

(58)

Cash dividends paid

(764)

(689)

Net cash provided by (used in) financing activities

1,347

(1,633)

Net effect of exchange rate changes on cash and cash equivalents

(433)

(118)

Net increase (decrease) in cash and cash equivalents

(8,439)

(5,118)

Cash and cash equivalents at beginning of period

53,321

82,032

Cash and cash equivalents at end of period

44,883

76,912

Net cash provided by (used in) operating activities include

 

 

Income taxes paid, net

328

572

Interest paid

5,923

9,231

Interest and dividends received

13,136

17,989

Cash and cash equivalents comprise

 

 

Cash and due from banks

21,195

20,248

Interest-earning demand deposits with banks
(not included: time deposits of € 71,804 million as of June 30, 2013, and € 89,016 million as of June 30, 2012)

23,688

56,664

Total

44,883

76,912