Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 396

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 396
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509 Other comprehensive income (loss)— — — — — — — 163 163 Total comprehensive income (loss)— — — — — 1,509 — 163 1,672 Balance at December 31, 20242 $2,113 441 $7 $22,364 $10,412 ($7,047)($3,595)$24,254 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

Citizens Financial Group, Inc. | 90

CONSOLIDATED STATEMENTS OF CASH FLOWSYear Ended December 31,(dollars in millions)202420232022OPERATING ACTIVITIESNet income $1,509 $1,608 $2,073 Adjustments to reconcile net income to net change due to operating activities:Provision (benefit) for credit losses687 687 474 Net change in loans held for sale(24)98 1,733 Depreciation, amortization and accretion498 478 565 Deferred income tax expense (benefit)(177)(242)57 Share-based compensation97 87 84 Net gain on sale of assets(18)(28)(9)Net (increase) decrease in other assets(261)612 (1,894)Net increase (decrease) in other liabilities(310)(339)1,036 Net change due to operating activities2,001 2,961 4,119 INVESTING ACTIVITIESInvestment securities:Purchases of debt securities available for sale (9,755)(10,087)(10,776)Proceeds from maturities and paydowns of debt securities available for sale3,304 2,001 3,422 Proceeds from sales of debt securities available for sale3,619 2,941 1,178 Proceeds from maturities and paydowns of debt securities held to maturity662 761 1,035 Net (increase) decrease in interest-bearing deposits in banks(230)(102)13 Acquisitions, net of cash acquired(1)— — (255)Purchases of loans(655)— (1,007)Sales of loans207 2,793 2,677 Net (increase) decrease in loans and leases6,050 7,174 (7,927)Capital expenditures,