In 1996, the operating cash flow for the Citibank was at $3,143 millions, and in the following years the cash flow for the company fluctuated dramatically going up to $8,844 million 18 months before the merger and as low as $(94) million 15 months before the merger.
In 1998, at the time of the merger, the cash flow of the company stood at $2,066 million. This decreased as to $33 million when the deal was closed. Two years after the merger the cash flow value of the company was at $1,923 million. The cash flow position of the company has reduced in terms of cash generation on an annual basis since its merger with Travelers Group.
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