Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Cash Flows

v2.4.0.8
Consolidated Statement of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities      
Net income $ 11,431,000,000 [1] $ 4,188,000,000 [1] $ 1,446,000,000 [1]
Reconciliation of net income (loss) to net cash provided by (used in) operating activities:      
Provision for credit losses 3,556,000,000 [1] 8,169,000,000 [1] 13,410,000,000 [1]
Goodwill impairment    [1]    [1] 3,184,000,000 [1]
Gains on sales of debt securities (1,271,000,000) (1,662,000,000) (3,374,000,000)
Fair value adjustments on structured liabilities 649,000,000 5,107,000,000 (3,320,000,000)
Depreciation and premises improvements amortization 1,597,000,000 1,774,000,000 1,976,000,000
Amortization of intangibles 1,086,000,000 [1] 1,264,000,000 [1] 1,509,000,000 [1]
Net amortization of premium/discount on debt securities 1,577,000,000 2,580,000,000 2,046,000,000
Deferred income taxes 3,262,000,000 (2,735,000,000) (1,949,000,000)
Originations and purchases of loans held-for-sale (65,688,000,000) (59,540,000,000) (118,168,000,000)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 77,707,000,000 54,817,000,000 141,862,000,000
Net (increase) decrease in trading and derivative instruments 33,870,000,000 (47,606,000,000) 25,481,000,000
Net (increase) decrease in other assets 35,154,000,000 (11,424,000,000) 21,285,000,000
Net increase (decrease) in accrued expenses and other liabilities (12,919,000,000) 24,061,000,000 (18,124,000,000)
Other operating activities, net 2,806,000,000 4,951,000,000 (2,816,000,000)
Net cash provided by (used in) operating activities 92,817,000,000 (16,056,000,000) 64,448,000,000
Investing activities      
Net decrease in time deposits placed and other short-term investments 7,154,000,000 7,310,000,000 105,000,000
Net (increase) decrease in federal funds sold and securities borrowed or purchased under agreements to resell 29,596,000,000 (8,741,000,000) (1,567,000,000)
Proceeds from sales of debt securities carried at fair value 119,013,000,000 74,068,000,000 120,125,000,000
Proceeds from paydowns and maturities of debt securities carried at fair value 85,554,000,000 71,509,000,000 56,732,000,000
Purchases of debt securities carried at fair value (175,983,000,000) (164,491,000,000) (99,536,000,000)
Proceeds from paydowns and maturities of held-to-maturity debt securities 8,472,000,000 6,261,000,000 602,000,000
Purchases of held-to-maturity debt securities (14,388,000,000) (20,991,000,000) (35,552,000,000)
Proceeds from sales of loans and leases 12,331,000,000 1,837,000,000 3,124,000,000
Purchases of loans and leases (16,734,000,000) (9,178,000,000) (9,638,000,000)
Other changes in loans and leases, net (34,256,000,000) 2,557,000,000 2,864,000,000
Net sales (purchases) of premises and equipment (521,000,000) 5,000,000 (1,307,000,000)
Proceeds from sales of foreclosed properties 1,099,000,000 2,799,000,000 2,532,000,000
Proceeds from sales of investments 4,818,000,000 2,396,000,000 14,840,000,000
Other investing activities, net (1,097,000,000) (320,000,000) (895,000,000)
Net cash provided by (used in) investing activities 25,058,000,000 (34,979,000,000) 52,429,000,000
Financing activities      
Net increase in deposits 14,010,000,000 72,220,000,000 22,611,000,000
Net increase (decrease) in federal funds purchased and securities loaned or sold under agreements to repurchase (95,153,000,000) 78,395,000,000 (30,495,000,000)
Net increase (decrease) in short-term borrowings 16,009,000,000 (5,017,000,000) (24,264,000,000)
Proceeds from issuance of long-term debt 45,658,000,000 22,200,000,000 26,001,000,000
Retirement of long-term debt (65,602,000,000) (124,389,000,000) (101,814,000,000)
Proceeds from issuance of preferred stock and warrants 1,008,000,000 667,000,000 5,000,000,000
Redemption of preferred stock (6,461,000,000)      
Common stock repurchased (3,220,000,000)      
Cash dividends paid (1,677,000,000) (1,909,000,000) (1,738,000,000)
Excess tax benefits on share-based payments 12,000,000 13,000,000 42,000,000
Other financing activities, net (26,000,000) 236,000,000 3,000,000
Net cash provided by (used in) financing activities (95,442,000,000) 42,416,000,000 (104,654,000,000)
Effect of exchange rate changes on cash and cash equivalents (1,863,000,000) (731,000,000) (548,000,000)
Net increase (decrease) in cash and cash equivalents 20,570,000,000 (9,350,000,000) 11,675,000,000
Cash and cash equivalents at January 1 110,752,000,000 120,102,000,000 108,427,000,000
Cash and cash equivalents at December 31 131,322,000,000 110,752,000,000 120,102,000,000
Supplemental cash flow disclosures      
Interest paid 12,912,000,000 18,268,000,000 25,207,000,000
Income taxes paid 1,559,000,000 1,372,000,000 1,653,000,000
Income taxes refunded $ (244,000,000) $ (338,000,000) $ (781,000,000)
[1] There were no material intersegment revenues.