Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.10.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income $ 13,702 $ 10,443
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 1,661 1,561
Gains on sales of debt securities (3) (153)
Depreciation and premises improvements amortization 755 743
Amortization of intangibles 269 322
Net amortization of premium/discount on debt securities 909 1,065
Deferred income taxes 1,782 3,515
Stock-based compensation 877 765
Loans held-for-sale:    
Originations and purchases (11,709) (18,103)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities 17,246 21,106
Net change in:    
Trading and derivative instruments (1,295) (24,312)
Other assets 9,381 (7,704)
Accrued expenses and other liabilities 399 4,450
Other operating activities, net (138) 2,962
Net cash provided by (used in) operating activities 33,836 (3,340)
Net change in:    
Time deposits placed and other short-term investments 2,941 (291)
Federal funds sold and securities borrowed or purchased under agreements to resell (13,739) (18,977)
Debt securities carried at fair value:    
Proceeds from sales 1,194 40,704
Proceeds from paydowns and maturities 37,774 47,492
Purchases (31,762) (87,188)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 7,820 7,644
Purchases (22,110) (9,935)
Loans and leases:    
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities 7,172 5,317
Purchases (2,656) (3,195)
Other changes in loans and leases, net (5,755) (14,758)
Other investing activities, net (1,748) 9,262
Net cash used in investing activities (20,869) (23,925)
Net change in:    
Deposits 146 2,046
Federal funds purchased and securities loaned or sold under agreements to repurchase 996 26,283
Short-term borrowings 7,956 12,404
Long-term debt:    
Proceeds from issuance 42,426 33,633
Retirement (37,264) (29,650)
Preferred stock:    
Proceeds from issuance 3,671 0
Redemption (2,813) 0
Common stock repurchased (9,823) (4,964)
Cash dividends paid (3,245) (2,403)
Other financing activities, net (533) (582)
Net cash used in financing activities 1,517 36,767
Effect of exchange rate changes on cash and cash equivalents (719) 1,464
Net increase in cash and cash equivalents 13,765 10,966
Cash and cash equivalents at January 1 157,434 147,738
Cash and cash equivalents at June 30 $ 171,199 $ 158,704