Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.19.3
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income $ 20,436 $ 20,869
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 2,649 2,377
Gains on sales of debt securities (116) (76)
Depreciation and amortization 1,290 1,539
Net amortization of premium/discount on debt securities 1,419 1,411
Deferred income taxes 1,789 2,845
Stock-based compensation 1,495 1,323
Impairment of equity method investment 2,072 0
Loans held-for-sale:    
Originations and purchases (18,732) (16,830)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities 19,350 23,221
Net change in:    
Trading and derivative assets/liabilities (30,541) (13,347)
Other assets 613 13,648
Accrued expenses and other liabilities (4,053) 18,266
Other operating activities, net 5,003 (1,804)
Net cash provided by operating activities 2,674 53,442
Net change in:    
Time deposits placed and other short-term investments (63) 3,288
Federal funds sold and securities borrowed or purchased under agreements to resell (10,464) (35,490)
Debt securities carried at fair value:    
Proceeds from sales 43,845 3,070
Proceeds from paydowns and maturities 57,868 56,458
Purchases (110,658) (54,923)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 22,832 13,566
Purchases (9,825) (35,215)
Loans and leases:    
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities 9,757 13,600
Purchases (4,016) (3,323)
Other changes in loans and leases, net (34,439) (6,432)
Other investing activities, net (2,188) (1,750)
Net cash used in investing activities (37,351) (47,151)
Net change in:    
Deposits 11,360 36,104
Federal funds purchased and securities loaned or sold under agreements to repurchase 15,079 (5,313)
Short-term borrowings 10,493 (3,631)
Long-term debt:    
Proceeds from issuance 45,149 60,873
Retirement (42,842) (44,817)
Preferred stock:    
Proceeds from issuance 3,643 4,515
Redemption (2,363) (4,512)
Common stock repurchased (20,396) (14,863)
Cash dividends paid (4,086) (5,150)
Other financing activities, net (794) (644)
Net cash provided by financing activities 15,243 22,562
Effect of exchange rate changes on cash and cash equivalents (876) (1,429)
Net increase (decrease) in cash and cash equivalents (20,310) 27,424
Cash and cash equivalents at January 1 177,404 157,434
Cash and cash equivalents at September 30 $ 157,094 $ 184,858