|
Nine months ended |
|||||||
in € m. |
Sep 30, 2014 |
Sep 30, 2013 |
||||||
|
||||||||
Net income |
1,250 |
2,047 |
||||||
Cash flows from operating activities: |
|
|
||||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |
|
|
||||||
Provision for credit losses |
765 |
1,340 |
||||||
Restructuring activities |
125 |
287 |
||||||
Gain on sale of financial assets available for sale, equity method investments, and other |
(283) |
(288) |
||||||
Deferred income taxes, net |
782 |
326 |
||||||
Impairment, depreciation and other amortization, and accretion |
3,641 |
1,857 |
||||||
Share of net income (loss) from equity method investments |
(446) |
(326) |
||||||
Income adjusted for noncash charges, credits and other items |
5,834 |
5,243 |
||||||
Adjustments for net change in operating assets and liabilities: |
|
|
||||||
Interest-earning time deposits with banks |
11,552 |
42,027 |
||||||
Central bank funds sold, securities purchased under resale agreements, securities borrowed |
(5,314) |
1,155 |
||||||
Financial assets designated at fair value through profit or loss |
43,531 |
2,817 |
||||||
Loans |
(17,299) |
13,856 |
||||||
Other assets |
(66,634) |
(51,617) |
||||||
Deposits |
13,462 |
(38,046) |
||||||
Financial liabilities designated at fair value through profit or loss and investment contract liabilities1 |
(31,827) |
(17,118) |
||||||
Central bank funds purchased, securities sold under repurchase agreements and securities loaned |
(3,320) |
(18,421) |
||||||
Other short-term borrowings |
(9,802) |
(4,108) |
||||||
Other liabilities |
52,616 |
53,866 |
||||||
Senior long-term debt2 |
15,646 |
(14,919) |
||||||
Trading assets and liabilities, positive and negative market values from derivative financial instruments, net |
12,341 |
33,619 |
||||||
Other, net |
(2,597) |
2,246 |
||||||
Net cash provided by (used in) operating activities |
18,189 |
10,600 |
||||||
Cash flows from investing activities: |
|
|
||||||
Proceeds from: |
|
|
||||||
Sale of financial assets available for sale |
10,582 |
11,162 |
||||||
Maturities of financial assets available for sale |
7,174 |
9,033 |
||||||
Sale of equity method investments |
107 |
61 |
||||||
Sale of property and equipment |
117 |
103 |
||||||
Purchase of: |
|
|
||||||
Financial assets available for sale |
(27,827) |
(22,175) |
||||||
Equity method investments |
(7) |
(4) |
||||||
Property and equipment |
(444) |
(381) |
||||||
Net cash received in (paid for) business combinations/divestitures |
352 |
(128) |
||||||
Other, net |
(405) |
(344) |
||||||
Net cash provided by (used in) investing activities |
(10,351) |
(2,673) |
||||||
Cash flows from financing activities: |
|
|
||||||
Issuances of subordinated long-term debt |
43 |
1,126 |
||||||
Repayments and extinguishments of subordinated long-term debt |
(2,935) |
(1,659) |
||||||
Issuances of trust preferred securities |
48 |
36 |
||||||
Repayments and extinguishments of trust preferred securities |
(91) |
(8) |
||||||
Common shares issued |
8,508 |
2,961 |
||||||
Purchases of treasury shares |
(7,983) |
(10,683) |
||||||
Sale of treasury shares |
7,125 |
9,648 |
||||||
Net proceeds from Additional Equity Components3 |
3,468 |
0 |
||||||
Dividends paid to noncontrolling interests |
(4) |
(7) |
||||||
Net change in noncontrolling interests |
23 |
77 |
||||||
Cash dividends paid |
(765) |
(764) |
||||||
Net cash provided by (used in) financing activities |
7,437 |
727 |
||||||
Net effect of exchange rate changes on cash and cash equivalents |
485 |
(649) |
||||||
Net increase (decrease) in cash and cash equivalents |
15,760 |
8,005 |
||||||
Cash and cash equivalents at beginning of period |
56,041 |
53,321 |
||||||
Cash and cash equivalents at end of period |
71,801 |
61,325 |
||||||
Net cash provided by (used in) operating activities include |
|
|
||||||
Income taxes paid, net |
110 |
354 |
||||||
Interest paid |
8,910 |
9,314 |
||||||
Interest and dividends received |
19,032 |
20,304 |
||||||
Cash and cash equivalents comprise |
|
|
||||||
Cash and due from banks |
20,866 |
16,965 |
||||||
Interest-earning demand deposits with banks (not included: time deposits of € 28,266 million as of September 30, 2014, and € 53,141 million as of September 30, 2013) |
50,935 |
44,361 |
||||||
Total |
71,801 |
61,326 |
||||||
