Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.22.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income $ 13,314 $ 17,274
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 553 (3,481)
Gains on sales of debt securities (22) 0
Depreciation and amortization 985 930
Net amortization of premium/discount on debt securities 1,489 3,113
Deferred income taxes 86 (1,457)
Stock-based compensation 1,531 1,463
Loans held-for-sale:    
Originations and purchases (11,360) (17,031)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities 21,085 16,708
Net change in:    
Trading and derivative assets/liabilities (91,263) (58,372)
Other assets (597) (26,080)
Accrued expenses and other liabilities 14,250 2,300
Other operating activities, net (530) 2,994
Net cash used in operating activities (50,479) (61,639)
Investing activities    
Time deposits placed and other short-term investments 303 (810)
Federal funds sold and securities borrowed or purchased under agreements to resell (21,710) 35,464
Debt securities carried at fair value:    
Proceeds from sales 32,405 1,809
Proceeds from paydowns and maturities 67,709 76,371
Purchases (92,288) (126,653)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 39,252 64,192
Purchases (23,995) (277,949)
Loans and leases:    
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities 11,921 4,913
Purchases (3,378) (2,097)
Other changes in loans and leases, net (59,757) 4,723
Other investing activities, net (2,132) (1,649)
Net cash used in investing activities (51,670) (221,686)
Financing activities    
Deposits (80,182) 113,662
Federal funds purchased and securities loaned or sold under agreements to repurchase 11,978 43,464
Short-term borrowings 4,133 2,314
Long-term debt:    
Proceeds from issuance 40,681 48,177
Retirement (16,347) (29,240)
Preferred stock:    
Proceeds from issuance 4,426 902
Redemption 0 (1,971)
Common stock repurchased (3,625) (7,679)
Cash dividends paid (4,217) (3,945)
Other financing activities, net (612) (737)
Net cash provided by financing activities (43,765) 164,947
Effect of exchange rate changes on cash and cash equivalents (4,305) (2,055)
Net decrease in cash and cash equivalents (150,219) (120,433)
Cash and cash equivalents at January 1 348,221 380,463
Cash and cash equivalents at June 30 $ 198,002 $ 260,030