CIT Group
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of CIT Group generated cash of $480,400,000, which is less than the previous year. Cash used in financing activities reached the amount of -$345,700,000 last year. Net change in cash is therefore $1,326,100,000.
Cash Flow
| 2011 | 856M | 4.26B | -7.20B |
|---|---|---|---|
| 2012 | 908.5M | 490.9M | -2.32B |
| 2013 | 1.45B | -4.35B | 2.34B |
| 2014 | 1.27B | -1.02B | 821.9M |
| 2015 | 1.15B | 1.15B | -997.3M |
| 2016 | 2.36B | -498.9M | -2.92B |
| 2017 | 519.8M | 7.75B | -13.07B |
| 2018 | 982.5M | 43.8M | -942.1M |
| 2019 | 927.2M | -1.94B | 1.90B |
| 2020 | 480.4M | 1.18B | -345.7M |
CIT Cash Flow Statement (2011 – 2020)
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 2.68B | 1.79B | 1.72B | 6.37B | 7.47B | 6.15B | 5.08B | 5.63B | 6.56B | 8.65B |
Operating activities | ||||||||||
Net income | -615.3M | 529.9M | 447.1M | 468.2M | -848M | 1.05B | 1.13B | 675.7M | -592.3M | 26.7M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 327.4M | 308.6M | 311.1M | 392.6M | 700M | 653.7M | 882M | 705.5M | 1.98B | 752M |
Stock-based compensation expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred income tax benefit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by operating activities | 480.4M | 927.2M | 982.5M | 519.8M | 2.36B | 1.15B | 1.27B | 1.45B | 908.5M | 856M |
Investing activities | ||||||||||
Purchases Of Investments | -5.75B | -12.95B | -3.02B | -6.99B | -4.93B | -8.05B | -9.82B | -16.53B | -16.32B | -14.97B |
Investments In Property Plant And Equipment | -1.01B | -807.9M | -655.6M | -793.3M | -1.86B | -3.01B | -3.10B | -2.07B | -1.77B | -2.13B |
Acquisitions Net | -720.1M | 0 | 1.06B | 10.02B | 0 | 2.52B | -448.6M | 0 | 0 | 0 |
Cash generated by investing activities | 1.18B | -1.94B | 43.8M | 7.75B | -498.9M | 1.15B | -1.02B | -4.35B | 490.9M | 4.26B |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20.1M | 0 | 0 |
Repurchases of common stock | 0 | -340.9M | -1.62B | -3.43B | 0 | -531.8M | -775.5M | -193.4M | 0 | 0 |
Repayments of term debt | -3.12B | 0 | -5.39B | 0 | -4.97B | 0 | -5.87B | -2.44B | -19.54B | -15.62B |
Cash used in financing activities | -345.7M | 1.90B | -942.1M | -13.07B | -2.92B | -997.3M | 821.9M | 2.34B | -2.32B | -7.20B |
Net Change In Cash | 1.32B | 890M | 69.2M | -4.78B | -1.09B | 1.31B | 1.07B | -555.1M | -929.5M | -2.08B |
Cash at end of period | 4.01B | 2.68B | 1.79B | 1.59B | 6.37B | 7.47B | 6.15B | 5.08B | 5.63B | 6.56B |
| Data source |