Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Cash Flows

v2.4.0.6
Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Net income (loss) $ 4,188 $ 1,446 $ (2,238)
Reconciliation of net income (loss) to net cash provided by (used in) operating activities:      
Provision for credit losses 8,169 13,410 28,435
Goodwill impairment    3,184 12,400
Gains on sales of debt securities (1,662) (3,374) (2,526)
Fair value adjustments on structured liabilities 5,107 (3,320) (18)
Depreciation and premises improvements amortization 1,774 1,976 2,181
Amortization of intangibles 1,264 1,509 1,731
Deferred income taxes (2,735) (1,949) 608
Net (increase) decrease in trading and derivative instruments (48,225) 20,230 20,775
Net (increase) decrease in other assets (13,330) 50,230 5,213
Net increase (decrease) in accrued expenses and other liabilities 24,061 (18,124) 14,069
Other operating activities, net 7,531 (770) 1,911
Net cash provided by (used in) operating activities (13,858) 64,448 82,541
Investing activities      
Net (increase) decrease in time deposits placed and other short-term investments 7,310 105 (2,154)
Net increase in federal funds sold and securities borrowed or purchased under agreements to resell (8,741) (1,567) (19,683)
Proceeds from sales of available-for-sale debt securities 74,068 120,125 100,047
Proceeds from paydowns and maturities of available-for-sale debt securities 71,509 56,732 70,868
Purchases of available-for-sale debt securities (164,491) (99,536) (199,159)
Proceeds from maturities of held-to-maturity debt securities 6,261 602 11
Purchases of held-to-maturity debt securities (20,991) (35,552) (100)
Proceeds from sales of loans and leases 1,673 2,409 8,046
Other changes in loans and leases, net (6,457) (6,059) (2,550)
Net sales (purchases) of premises and equipment 5 (1,307) (987)
Proceeds from sales of foreclosed properties 2,799 2,532 3,107
Cash received due to impact of adoption of consolidation guidance 0 0 2,807
Proceeds from Sale of Other Investments 198 14,840 10,856
Other investing activities, net (320) (895) (1,456)
Net cash provided by (used in) investing activities (37,177) 52,429 (30,347)
Financing activities      
Net increase in deposits 72,220 22,611 36,598
Net increase (decrease) in federal funds purchased and securities loaned or sold under agreements to repurchase 78,395 (30,495) (9,826)
Net decrease in commercial paper and other short-term borrowings (5,017) (24,264) (31,698)
Proceeds from issuance of long-term debt 22,200 26,001 52,215
Retirement of long-term debt (124,389) (101,814) (110,919)
Proceeds from issuance of preferred stock and warrants 667 5,000 0
Cash dividends paid (1,909) (1,738) (1,762)
Excess Tax Benefit from Share-based Compensation, Financing Activities 13 42 53
Other financing activities, net 236 3 5
Net cash provided by (used in) financing activities 42,416 (104,654) (65,334)
Effect of exchange rate changes on cash and cash equivalents (731) (548) 228
Net increase (decrease) in cash and cash equivalents (9,350) 11,675 (12,912)
Cash and cash equivalents at January 1 120,102 108,427 121,339
Cash and cash equivalents at December 31 110,752 120,102 108,427
Supplemental cash flow disclosures      
Interest paid 18,268 25,207 21,166
Income taxes paid 1,372 1,653 1,465
Income taxes refunded $ (338) $ (781) $ (7,783)