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Consolidated statements of cash flows - CHF (SFr)
SFr in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities of continuing operations      
Net income/(loss) SFr 3,095 SFr 1,722 SFr (1,228)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities of continuing operations      
Impairment, depreciation and amortization 1,134 844 837
Provision for credit losses 324 245 210
Deferred tax provision/(benefit) 616 592 2,285
Valuation adjustments related to long-term debt 10,193 (4,737) 2,897
Share of net income/(loss) from equity method investments (78) (107) (150)
Trading assets and liabilities, net (27,700) 25,511 3,461
(Increase)/decrease in other assets 2,956 3,519 (15,435)
Increase/(decrease) in other liabilities (6,461) (14,228) (1,443)
Other, net (2,497) (827) 96
Total adjustments (21,513) 10,812 (7,242)
Net cash provided by/(used in) operating activities (18,418) 12,534 (8,470)
Investing activities of continuing operations      
(Increase)/decrease in interest-bearing deposits with banks 411 (364) 40
(Increase)/decrease in central bank funds sold, securities purchased under resale agreements and securities borrowing transactions 8,386 (1,372) 14,286
Purchase of investment securities (557) (683) (86)
Proceeds from sale of investment securities 6 255 14
Maturities of investment securities 1,007 567 318
Investments in subsidiaries and other investments (284) (546) (1,094)
Proceeds from sale of other investments 1,133 1,770 1,967
(Increase)/decrease in loans (17,309) (13,701) (14,779)
Proceeds from sale of loans 4,612 5,981 9,938
Capital expenditures for premises and equipment and other intangible assets (1,133) (989) (950)
Proceeds from sale of premises and equipment and other intangible assets 30 80 60
Other, net 537 342 65
Net cash provided by/(used in) investing activities (3,161) (8,660) 9,779
Financing activities of continuing operations      
Increase/(decrease) in due to banks and customer deposits 24,684 2,006 3,187
Increase/(decrease) in short-term borrowings 6,911 (2,985) 5,507
Increase/(decrease) in central bank funds purchased, securities sold under repurchase agreements and securities lending transactions 3,491 (2,052) (5,251)
Issuances of long-term debt 34,911 33,308 43,567
Repayments of long-term debt (46,290) (43,858) (62,644)
Issuances of common shares 0   0
Sale of treasury shares 0 0 0
Repurchase of treasury shares 0 0 0
Dividends paid/capital repayments (11) (15) (13)
Other, net 208 (494) 3,619
Net cash provided by/(used in) financing activities 23,904 (14,090) (12,028)
Effect of exchange rate changes on cash and due from banks      
Effect of exchange rate changes on cash and due from banks (595) 20 (837)
Net increase/(decrease) in cash and due from banks      
Net increase/(decrease) in cash and due from banks 1,730 (10,196) (11,556)
Cash and due from banks at beginning of period 99,314 109,510 [1] 121,066
Cash and due from banks at end of period 101,044 99,314 109,510 [1]
Cash paid for income taxes and interest      
Cash paid for income taxes 706 666 531
Cash paid for interest 13,015 12,524 9,688
Assets and liabilities sold in business divestitures      
Assets sold 38 0 1,777
Liabilities sold SFr 8 SFr 0 SFr 1,658
[1] Includes restricted cash.