Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.19.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net income $ 14,659 $ 13,702
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 1,870 1,661
Gains on sales of debt securities (115) (3)
Depreciation and premises improvements amortization 797 755
Amortization of intangibles 55 269
Net amortization of premium/discount on debt securities 810 909
Deferred income taxes 1,494 1,782
Stock-based compensation 985 877
Loans held-for-sale:    
Originations and purchases (9,190) (11,709)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities 14,082 17,246
Net change in:    
Trading and derivative instruments (17,734) (1,295)
Other assets 2,405 9,381
Accrued expenses and other liabilities (5,863) 399
Other operating activities, net 4,121 (138)
Net cash provided by operating activities 8,376 33,836
Net change in:    
Time deposits placed and other short-term investments (1,198) 2,941
Federal funds sold and securities borrowed or purchased under agreements to resell 13,054 (13,739)
Debt securities carried at fair value:    
Proceeds from sales 43,488 1,194
Proceeds from paydowns and maturities 38,186 37,774
Purchases (83,704) (31,762)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 12,921 7,820
Purchases (9,463) (22,110)
Loans and leases:    
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities 5,844 7,172
Purchases (2,364) (2,656)
Other changes in loans and leases, net (22,655) (5,755)
Other investing activities, net (1,327) (1,748)
Net cash used in investing activities (7,218) (20,869)
Net change in:    
Deposits (6,383) 146
Federal funds purchased and securities loaned or sold under agreements to repurchase 7,960 996
Short-term borrowings 7,055 7,956
Long-term debt:    
Proceeds from issuance 32,493 42,426
Retirement (33,848) (37,264)
Preferred stock:    
Proceeds from issuance 2,363 3,671
Redemption 0 (2,813)
Common stock repurchased (12,770) (9,823)
Cash dividends paid (3,622) (3,245)
Other financing activities, net (833) (533)
Net cash provided by (used in) financing activities (7,585) 1,517
Effect of exchange rate changes on cash and cash equivalents 417 (719)
Net increase (decrease) in cash and cash equivalents (6,010) 13,765
Cash and cash equivalents at January 1 177,404 157,434
Cash and cash equivalents at June 30 $ 171,394 $ 171,199