v3.25.4
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities of continuing operations      
Net income before attribution of noncontrolling interests $ 14,452 $ 12,833 $ 9,381
Net income attributable to noncontrolling interests 146 151 153
Net income 14,306 12,682 9,228
Income (loss) from discontinued operations, net of taxes (3) (2) (1)
Income from continuing operations—excluding noncontrolling interests 14,309 12,684 9,229
Adjustments to reconcile net income to net cash provided by (used in) operating activities of continuing operations      
Net loss (gain) on sale of significant disposals [1] 1,354 0 (1,462)
Depreciation and amortization 4,373 4,311 4,560
Deferred income taxes 452 (1,896) (2,416)
Provisions for credit losses and for benefits and claims 10,265 10,109 9,186
Realized gains from sales of investments (471) (328) (188)
Impairment losses on investments and other assets 341 431 323
Goodwill impairment 726 0 0
Change in trading account assets (94,563) (31,174) (77,838)
Change in trading account liabilities 28,952 (21,499) (15,302)
Change in brokerage receivables net of brokerage payables (3,603) 6,136 (5,402)
Change in loans held-for-sale (HFS) (1,872) (776) 1,929
Change in other assets (12,923) (4,026) (6,361)
Change in other liabilities [2] (863) (7,692) 3,587
Other, net (14,109) 14,051 6,739
Total adjustments (81,941) (32,353) (82,645)
Net cash provided by (used in) operating activities of continuing operations (67,632) (19,669) (73,416)
Cash flows from investing activities of continuing operations      
Change in securities borrowed and purchased under agreements to resell (82,133) 71,638 19,701
Change in loans (76,038) (20,455) (44,525)
Purchase of portfolio of consumer loans 0 (700) 0
Proceeds from sales and securitizations of loans 5,460 5,316 4,801
Net payment due to transfer of net liabilities associated with divestitures [1] 0 0 (1,393)
Available-for-sale (AFS) debt securities      
Purchases of investments (276,238) (250,932) (235,139)
Proceeds from sales of investments 89,237 57,526 41,886
Proceeds from maturities of investments 183,143 216,386 200,437
Held-to-maturity (HTM) debt securities      
Purchases of investments (5,283) (16,492) (1,373)
Proceeds from maturities of investments 57,861 27,729 12,838
Capital expenditures on premises and equipment and capitalized software (6,520) (6,500) (6,583)
Proceeds from sales of premises and equipment and repossessed assets 62 222 56
Other, net 2,167 2,512 835
Net cash provided by (used in) investing activities of continuing operations (108,282) 86,250 (8,459)
Cash flows from financing activities of continuing operations      
Dividends paid (5,372) (5,199) (5,212)
Issuance of preferred stock 7,186 5,282 2,739
Redemption of preferred stock (5,000) (5,050) (4,145)
Treasury stock acquired [3] (13,250) (2,474) (1,977)
Proceeds from divestitures [4] 1,878 0 0
Stock tendered for payment of withholding taxes (780) (454) (329)
Change in securities loaned and sold under agreements to repurchase 93,343 (23,352) 75,663
Issuance of long-term debt 122,029 99,075 65,819
Payments and redemptions of long-term debt (103,321) (92,957) (64,959)
Change in deposits 137,945 (24,223) (57,273)
Change in short-term borrowings 3,373 11,048 (9,639)
Net cash provided by (used in) financing activities of continuing operations 238,031 (38,304) 687
Effect of exchange rate changes on cash, due from banks and deposits with banks 10,930 (12,677) 95
Change in cash, due from banks and deposits with banks 73,047 15,600 (81,093)
Cash, due from banks and deposits with banks at beginning of year 276,532 260,932 342,025
Cash, due from banks and deposits with banks at end of year 349,579 276,532 260,932
Cash and due from banks (including segregated cash and other deposits) 23,717 22,782 27,342
Deposits with banks, net of allowance 325,862 253,750 233,590
Cash, due from banks and deposits with banks at end of year 349,579 276,532 260,932
Supplemental disclosure of cash flow information for continuing operations      
Cash paid during the year for interest 80,983 88,027 72,989
Non-cash investing activities      
Transfer of investment securities from HTM to AFS [1],[5],[6] 0 0 3,324
Decrease in net loans associated with divestitures reclassified to HFS [1],[5],[6] 1,680 0 0
Transfers to loans HFS (Other assets) from loans HFI [1],[5],[6] 4,938 5,535 7,866
Transfers from loans HFS (Other assets) to loans HFI [1],[5],[6] 0 0 322
Non-cash financing activities      
Decrease in deposits associated with divestitures reclassified to HFS [1],[6] $ 18,830 $ 0 $ 0
[1] See “Significant Disposals” in Note 2.
[2] Includes balances related to the FDIC special assessment ($(238) million, $203 million and $1,706 million for 2025, 2024 and 2023, respectively) and restructuring charges (see Note 9).
[3] Balances based on transaction date.
[4] Relates to the Banamex equity interest sale. See “Sale of 25% Equity Stake in Banamex” in Note 2.
[5] In January 2023, Citi adopted ASU 2022-01. Upon adoption, Citi transferred $3.3 billion of mortgage-backed securities from HTM classification to AFS classification as allowed under the ASU. At the time of transfer, the securities were in an unrealized gain position of $0.1 billion, which was recorded in AOCI upon transfer.
[6] Operating and finance lease right-of-use assets and lease liabilities represent non-cash investing and financing activities, respectively, and are not included in the non-cash investing activities presented here. See Note 29 for more information and balances as of December 31, 2025 and 2024.