Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.21.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 17,274 $ 7,543
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (3,481) 9,878
Gains on sales of debt securities 0 (377)
Depreciation and amortization 930 880
Net amortization of premium/discount on debt securities 3,113 1,364
Deferred income taxes (1,457) (686)
Stock-based compensation 1,463 1,077
Loans held-for-sale:    
Originations and purchases (17,031) (9,151)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities 16,708 10,963
Net change in:    
Trading and derivative assets/liabilities (58,372) 1,065
Other assets (26,080) 611
Accrued expenses and other liabilities 2,300 (9,297)
Other operating activities, net 2,994 2,167
Net cash provided by (used in) operating activities (61,639) 16,037
Investing activities    
Time deposits placed and other short-term investments (810) 1,036
Federal funds sold and securities borrowed or purchased under agreements to resell 35,464 (176,582)
Debt securities carried at fair value:    
Proceeds from sales 1,809 18,945
Proceeds from paydowns and maturities 76,371 37,132
Purchases (126,653) (38,656)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 64,192 33,847
Purchases (277,949) (27,587)
Loans and leases:    
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities 4,913 8,118
Purchases (2,097) (2,961)
Other changes in loans and leases, net 4,723 (30,066)
Other investing activities, net (1,649) (1,986)
Net cash used in investing activities (221,686) (178,760)
Financing activities    
Deposits 113,662 283,863
Federal funds purchased and securities loaned or sold under agreements to repurchase 43,464 13,915
Short-term borrowings 2,314  
Short-term borrowings   (6,216)
Long-term debt:    
Proceeds from issuance 48,177 30,704
Retirement (29,240) (20,876)
Preferred stock:    
Proceeds from issuance 902 1,098
Redemption (1,971) (1,072)
Common stock repurchased (7,679) (6,648)
Cash dividends paid (3,945) (3,916)
Other financing activities, net (737) (573)
Net cash provided by financing activities 164,947 290,279
Effect of exchange rate changes on cash and cash equivalents (2,055) 230
Net increase (decrease) in cash and cash equivalents (120,433) 127,786
Cash and cash equivalents at January 1 380,463 161,560
Cash and cash equivalents at June 30 $ 260,030 $ 289,346