Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.8.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 15,712 $ 13,210
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 2,395 2,823
Gains on sales of debt securities (278) (490)
Depreciation and premises improvements amortization 1,115 1,138
Amortization of intangibles 473 554
Net amortization of premium/discount on debt securities 1,647 2,203
Deferred income taxes 5,043 5,072
Stock-based compensation 1,465 1,087
Loans held-for-sale:    
Originations and purchases (31,404) (24,154)
Proceeds from sales and paydowns of loans originally classified as held-for-sale 27,006 21,068
Net change in:    
Trading and derivative instruments (11,844) 9,068
Other assets (9,809) (612)
Accrued expenses and other liabilities 11,201 (4,845)
Other operating activities, net 4,729 595
Net cash provided by operating activities 17,451 26,717
Net change in:    
Time deposits placed and other short-term investments 368 (762)
Federal funds sold and securities borrowed or purchased under agreements to resell (18,990) (26,328)
Debt securities carried at fair value:    
Proceeds from sales 64,597 67,681
Proceeds from paydowns and maturities 71,628 81,404
Purchases (134,915) (156,537)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 12,194 12,827
Purchases (17,850) (29,085)
Loans and leases:    
Proceeds from sales 8,643 14,870
Purchases (4,511) (9,347)
Other changes in loans and leases, net (29,654) (17,832)
Other investing activities, net 8,451 109
Net cash used in investing activities (40,039) (63,000)
Net change in:    
Deposits 23,483 35,636
Federal funds purchased and securities loaned or sold under agreements to repurchase 19,987 3,904
Short-term borrowings 8,583 (1,069)
Long-term debt:    
Proceeds from issuance 50,702 24,681
Retirement of long-term debt (44,724) (41,458)
Preferred stock: Proceeds from issuance 0 2,947
Common stock repurchased (7,945) (3,782)
Cash dividends paid (4,124) (3,031)
Other financing activities, net (609) (58)
Net cash provided by financing activities 45,353 17,770
Effect of exchange rate changes on cash and cash equivalents 1,878 2,594
Net increase (decrease) in cash and cash equivalents 24,643 (15,919)
Cash and cash equivalents at January 1 147,738 159,353
Cash and cash equivalents at September 30 $ 172,381 $ 143,434