Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.20.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income $ 7,543 $ 14,659
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 9,878 1,870
Gains on sales of debt securities (377) (115)
Depreciation and amortization 880 852
Net amortization of premium/discount on debt securities 1,364 810
Deferred income taxes (686) 1,494
Stock-based compensation 1,077 985
Loans held-for-sale:    
Originations and purchases (9,151) (9,190)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities 10,963 14,082
Net change in:    
Trading and derivative assets/liabilities 1,065 (17,734)
Other assets 611 2,405
Accrued expenses and other liabilities (9,297) (5,863)
Other operating activities, net 2,167 4,121
Net cash provided by operating activities 16,037 8,376
Investing activities    
Time deposits placed and other short-term investments 1,036 (1,198)
Federal funds sold and securities borrowed or purchased under agreements to resell (176,582) 13,054
Debt securities carried at fair value:    
Proceeds from sales 18,945 43,488
Proceeds from paydowns and maturities 37,132 38,186
Purchases (38,656) (83,704)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 33,847 12,921
Purchases (27,587) (9,463)
Loans and leases:    
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities 8,118 5,844
Purchases (2,961) (2,364)
Other changes in loans and leases, net (30,066) (22,655)
Other investing activities, net (1,986) (1,327)
Net cash used in investing activities (178,760) (7,218)
Financing activities    
Deposits 283,863 (6,383)
Federal funds purchased and securities loaned or sold under agreements to repurchase 13,915 7,960
Short-term borrowings   7,055
Short-term borrowings (6,216)  
Long-term debt:    
Proceeds from issuance 30,704 32,493
Retirement (20,876) (33,848)
Preferred stock:    
Proceeds from issuance 1,098 2,363
Redemption (1,072) 0
Common stock repurchased (6,648) (12,770)
Cash dividends paid (3,916) (3,622)
Other financing activities, net (573) (833)
Net cash provided by (used in) financing activities 290,279 (7,585)
Effect of exchange rate changes on cash and cash equivalents 230 417
Net increase (decrease) in cash and cash equivalents 127,786 (6,010)
Cash and cash equivalents at January 1 161,560 177,404
Cash and cash equivalents at June 30 $ 289,346 $ 171,394