Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.5.0.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income $ 13,210 $ 12,552
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 2,823 2,351
Gains on sales of debt securities (490) (886)
Realized debit valuation adjustments on structured liabilities 18 545
Depreciation and amortization of premises and equipment 1,138 1,174
Amortization of intangibles 554 632
Net amortization of premium/discount on debt securities 2,203 1,438
Deferred income taxes 5,072 2,590
Stock-based compensation 1,087 17
Loans held-for-sale:    
Originations and purchases (24,154) (29,731)
Proceeds from sales and paydowns of loans originally classified as held-for-sale 21,068 27,726
Net change in:    
Trading and derivative instruments 9,068 8,016
Other assets (612) (1,140)
Accrued expenses and other liabilities (4,845) (1,637)
Other operating activities, net 522 (938)
Net cash provided by operating activities 26,662 22,709
Net change in:    
Time deposits placed and other short-term investments (762) 1,289
Federal funds sold and securities borrowed or purchased under agreements to resell (26,328) (14,858)
Debt securities carried at fair value:    
Proceeds from sales 73,252 101,880
Proceeds from paydowns and maturities 75,833 60,791
Purchases (156,537) (151,991)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 12,827 10,129
Purchases (29,085) (16,260)
Loans and leases:    
Proceeds from sales 14,870 20,399
Purchases (9,347) (9,240)
Other changes in loans and leases, net (17,832) (33,863)
Other investing activities, net 109 (1,029)
Net cash used in investing activities (63,000) (32,753)
Net change in:    
Deposits 35,636 43,073
Federal funds purchased and securities loaned or sold under agreements to repurchase 3,904 (2,039)
Short-term borrowings (1,069) 3,346
Long-term debt:    
Proceeds from issuance 24,681 33,956
Retirement of long-term debt (41,458) (34,583)
Proceeds from issuance of preferred stock 2,947 2,964
Common stock repurchased (3,782) (1,575)
Cash dividends paid (3,031) (2,724)
Excess tax benefits on share-based payments 11 16
Other financing activities, net (14) (30)
Net cash provided by financing activities 17,825 42,404
Effect of exchange rate changes on cash and cash equivalents 2,594 (523)
Net increase (decrease) in cash and cash equivalents (15,919) 31,837
Cash and cash equivalents at January 1 159,353 138,589
Cash and cash equivalents at September 30 $ 143,434 $ 170,426