Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.7.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 10,125 $ 8,255
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for credit losses 1,561 1,973
Gains on sales of debt securities (153) (439)
Depreciation and premises improvements amortization 743 755
Amortization of intangibles 322 373
Net amortization of premium/discount on debt securities 1,065 1,321
Deferred income taxes 3,334 3,041
Stock-based compensation 1,264 962
Loans held-for-sale:    
Originations and purchases (18,103) (13,400)
Proceeds from sales and paydowns of loans originally classified as held-for-sale 20,743 12,046
Net change in:    
Trading and derivative instruments (23,826) 16,277
Other assets (7,579) 335
Accrued expenses and other liabilities 4,450 (5,380)
Other operating activities, net 3,034 72
Net cash (used in) provided by operating activities (3,020) 26,191
Net change in:    
Time deposits placed and other short-term investments (291) 186
Federal funds sold and securities borrowed or purchased under agreements to resell (18,977) (21,255)
Debt securities carried at fair value:    
Proceeds from sales 40,704 36,519
Proceeds from paydowns and maturities 47,492 52,370
Purchases (87,188) (83,361)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 7,644 7,239
Purchases (9,935) (13,694)
Loans and leases:    
Proceeds from sales 5,194 11,391
Purchases (3,195) (7,384)
Other changes in loans and leases, net (14,758) (13,211)
Other investing activities, net 9,137 710
Net cash used in investing activities (24,173) (30,490)
Net change in:    
Deposits 2,046 18,832
Federal funds purchased and securities loaned or sold under agreements to repurchase 26,283 3,771
Short-term borrowings 12,404 4,953
Long-term debt:    
Proceeds from issuance 33,633 15,783
Retirement of long-term debt (29,722) (28,050)
Preferred stock: Proceeds from issuance 0 2,947
Common stock repurchased (4,964) (2,383)
Cash dividends paid (2,403) (1,853)
Other financing activities, net (582) (90)
Net cash provided by financing activities 36,695 13,910
Effect of exchange rate changes on cash and cash equivalents 1,464 2,243
Net increase in cash and cash equivalents 10,966 11,854
Cash and cash equivalents at January 1 147,738 159,353
Cash and cash equivalents at June 30 $ 158,704 $ 171,207