Annual report pursuant to Section 13 and 15(d)

Parent Company Information - Statement of Cash Flows (Details)

v3.20.4
Parent Company Information - Statement of Cash Flows (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Condensed Cash Flow Statements, Captions [Line Items]      
Net income $ 17,894 $ 27,430 $ 28,147
Operating activities      
Other operating activities, net 3,886 6,211 (2,570)
Net cash provided by operating activities 37,993 61,777 39,520
Investing activities      
Other investing activities, net (3,489) (2,974) (1,986)
Net cash used in investing activities (177,665) (80,630) (71,468)
Financing activities      
Proceeds from issuance of long-term debt 57,013 52,420 64,278
Retirement (47,948) (50,794) (53,046)
Proceeds from issuance of preferred stock 2,181 3,643 4,515
Common stock repurchased (7,025) (28,144) (20,094)
Cash dividends paid (7,727) (5,934) (6,895)
Net cash provided by financing activities 355,819 3,377 53,118
Net increase (decrease) in cash and cash equivalents 218,903 (15,844) 19,970
Cash and cash equivalents at January 1 161,560 177,404 157,434
Cash and cash equivalents at December 31 380,463 161,560 177,404
Bank of America Corporation      
Condensed Cash Flow Statements, Captions [Line Items]      
Net income 17,894 27,430 28,147
Operating activities      
Equity in undistributed (earnings) losses of subsidiaries (5,410) 1,634 (60)
Other operating activities, net 14,303 16,973 (3,706)
Net cash provided by operating activities 26,787 46,037 24,381
Investing activities      
Net sales (purchases) of securities (4) (17) 51
Net payments to subsidiaries (33,111) (19,121) (2,262)
Other investing activities, net (7) 7 48
Net cash used in investing activities (33,122) (19,131) (2,163)
Financing activities      
Net increase (decrease) in other advances (422) (1,625) 3,867
Proceeds from issuance of long-term debt 43,766 29,315 30,708
Retirement (23,168) (21,039) (29,413)
Proceeds from issuance of preferred stock 2,181 3,643 4,515
Redemption of preferred stock (1,072) (2,568) (4,512)
Common stock repurchased (7,025) (28,144) (20,094)
Cash dividends paid (7,727) (5,934) (6,895)
Net cash provided by financing activities 6,533 (26,352) (21,824)
Net increase (decrease) in cash and cash equivalents 198 554 394
Cash and cash equivalents at January 1 5,695 5,141 4,747
Cash and cash equivalents at December 31 $ 5,893 $ 5,695 $ 5,141