Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 313

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 6
Chunk 313
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 in loans and leases6,050 7,174 (7,927)Capital expenditures, net(122)(172)(126)Purchases of bank-owned life insurance— — (100)Other(93)(61)(771)Net change due to investing activities2,987 5,248 (12,637)FINANCING ACTIVITIESNet increase (decrease) in deposits(2,566)(3,382)6,146 Net increase (decrease) in short-term borrowed funds(505)502 (95)Proceeds from issuance of long-term borrowed funds13,185 25,983 24,617 Repayments of long-term borrowed funds(14,286)(28,418)(19,691)Treasury stock purchased(1,050)(906)(153)Net proceeds from issuance of preferred stock392 — — Redemption of preferred stock(300)— — Dividends paid to common stockholders(769)(808)(779)Dividends paid to preferred stockholders(134)(120)(113)Other18 21 (25)Net change due to financing activities(6,015)(7,128)9,907 Net change in cash and cash equivalents(2)(1,027)1,081 1,389 Cash and cash equivalents at beginning of period(2)11,628 10,547 9,158 Cash and cash equivalents at end of period(2)$10,601 $11,628 $10,547 

Citizens Financial Group, Inc. | 91

Year Ended December 31,(dollars in millions)202420232022Supplemental disclosures:Interest paid$4,375 $3,640 $989 Income taxes paid208 375 183 Non-cash items:Transfer of loans from loans held for investment to LHFS$299 $2,617 $— Transfer of securities from AFS to HTM— — 8,563 Loans securitized and transferred to AFS securities329 103 143 Investors Acquisition:Fair value of assets acquired, excluding cash and cash equivalents— — 27,113 Goodwill and other intangible assets— — 992 Fair value of liabilities assumed— — 24,982 Common stock issued— — 3,036 Replacement equity awards— — 19 

(1) Primarily