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
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 6,918 $ 5,337
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 834 835
Gains on sales of debt securities (2) (52)
Depreciation and premises improvements amortization 376 372
Amortization of intangibles 135 162
Net amortization of premium/discount on debt securities 475 544
Deferred income taxes 804 1,382
Stock-based compensation 415 306
Loans held-for-sale:    
Originations and purchases (5,745) (13,309)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities 9,876 7,755
Net change in:    
Trading and derivative instruments 15,807 (16,723)
Other assets 11,233 3,532
Accrued expenses and other liabilities (814) (4,518)
Other operating activities, net 42 1,388
Net cash provided by (used in) operating activities 40,354 (12,989)
Net change in:    
Time deposits placed and other short-term investments 3,084 (2,106)
Federal funds sold and securities borrowed or purchased under agreements to resell (31,883) (12,509)
Debt securities carried at fair value:    
Proceeds from sales 683 22,087
Proceeds from paydowns and maturities 19,052 24,015
Purchases (14,176) (44,198)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 3,764 3,874
Purchases (2,453) (3,033)
Loans and leases:    
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities 2,684 2,590
Purchases (1,609) (1,648)
Other changes in loans and leases, net (1,190) (1,811)
Other investing activities, net (805) (1,202)
Net cash used in investing activities (22,849) (13,941)
Net change in:    
Deposits 19,119 11,207
Federal funds purchased and securities loaned or sold under agreements to repurchase 1,626 15,807
Short-term borrowings 5,407 20,131
Long-term debt:    
Proceeds from issuance 20,934 17,378
Retirement (13,577) (13,552)
Proceeds from issuance of preferred stock 2,349 0
Common stock repurchased (4,858) (2,728)
Cash dividends paid (1,674) (1,255)
Other financing activities, net (724) (584)
Net cash used in financing activities 28,602 46,404
Effect of exchange rate changes on cash and cash equivalents 700 813
Net increase in cash and cash equivalents 46,807 20,287
Cash and cash equivalents at January 1 157,434 147,738
Cash and cash equivalents at March 31 $ 204,241 $ 168,025