Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.10.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 20,869 $ 15,867
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 2,377 2,395
Gains on sales of debt securities (76) (278)
Depreciation and premises improvements amortization 1,135 1,115
Amortization of intangibles 404 473
Net amortization of premium/discount on debt securities 1,411 1,647
Deferred income taxes 2,845 5,131
Stock-based compensation 1,323 1,222
Loans held-for-sale:    
Originations and purchases (16,830) (31,404)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities 23,221 27,484
Net change in:    
Trading and derivative instruments (13,347) (12,553)
Other assets 13,648 (9,993)
Accrued expenses and other liabilities 18,266 11,201
Other operating activities, net (1,804) 4,657
Net cash provided by operating activities 53,442 16,964
Net change in:    
Time deposits placed and other short-term investments 3,288 368
Federal funds sold and securities borrowed or purchased under agreements to resell (35,490) (18,990)
Debt securities carried at fair value:    
Proceeds from sales 3,070 64,597
Proceeds from paydowns and maturities 56,458 71,628
Purchases (54,923) (134,915)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 13,566 12,194
Purchases (35,215) (17,850)
Loans and leases:    
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities 13,600 8,874
Purchases (3,323) (4,511)
Other changes in loans and leases, net (6,432) (29,654)
Other investing activities, net (1,750) 8,635
Net cash used in investing activities (47,151) (39,624)
Net change in:    
Deposits 36,104 23,483
Federal funds purchased and securities loaned or sold under agreements to repurchase (5,313) 19,987
Short-term borrowings (3,631) 8,583
Long-term debt:    
Proceeds from issuance 60,873 50,702
Retirement (44,817) (44,652)
Preferred stock:    
Proceeds from issuance 4,515 0
Redemption (4,512) 0
Common stock repurchased (14,863) (7,945)
Cash dividends paid (5,150) (4,124)
Other financing activities, net (644) (609)
Net cash used in financing activities 22,562 45,425
Effect of exchange rate changes on cash and cash equivalents (1,429) 1,878
Net increase in cash and cash equivalents 27,424 24,643
Cash and cash equivalents at January 1 157,434 147,738
Cash and cash equivalents at September 30 $ 184,858 $ 172,381