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Consolidated statement of cash flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Cash flows from operating activities      
Profit before tax $ 9,176 $ 8,067 $ 10,839
Adjustments for non-cash items:      
Depreciation, amortisation and impairment 1,903 2,484 1,802
Net (gain)/loss from investing activities 174 (162) (485)
Share of profits in associates and joint ventures (1,449) (1,390) (1,656)
Gain on acquisition of subsidiary (71) 0 0
Change in expected credit losses gross of recoveries and other credit impairment charges 1,246 (35) (484)
Provisions including pensions 208 762 301
Share-based payment expense 177 213 254
Other non-cash items included in profit before tax (866) 305 205
Change in operating assets 15,987 (232) (3,811)
Change in operating liabilities (27,501) 22,161 49,015
Elimination of exchange differences [1] 49,417 13,725 5,212
Dividends received from associates 60 798 10
Contributions paid to defined benefit plans (102) (167) (342)
Tax paid (1,264) (2,080) (997)
Net cash from operating activities 47,095 44,449 59,863
Cash flows from investing activities      
Purchase of financial investments (271,382) (229,844) (263,198)
Proceeds from the sale and maturity of financial investments 248,983 222,594 298,596
Net cash flows from the purchase and sale of property, plant and equipment (590) (711) (375)
Net cash flows from (purchase)/disposal of customer and loan portfolios (3,756) 1,996 1,063
Net investment in intangible assets (1,240) (1,468) (1,011)
Net cash flow on (acquisition)/disposal of subsidiaries, businesses, associates and joint ventures (525) (22) (84)
Net cash from investing activities (28,510) (7,455) 34,991
Cash flows from financing activities      
Issue of ordinary share capital and other equity instruments 0 0 1,996
Cancellation of shares (1,840) (707) 0
Net sales/(purchases) of own shares for market-making and investment purposes (443) (1,387) 1
Purchase of non-controlling interest in subsidiary (197) 0 0
Redemption of preference shares and other equity instruments (723) 0 (3,450)
Subordinated loan capital issued 2,659 0 0
Subordinated loan capital repaid (11) (12) (852)
Dividends paid to shareholders of the parent company and non-controlling interests (4,497) (2,262) (4,121)
Net cash from financing activities (5,052) (4,368) (6,426)
Net increase in cash and cash equivalents 13,533 32,626 88,428
Cash and cash equivalents at the beginning of the period 574,032 551,933 468,323
Exchange differences in respect of cash and cash equivalents (40,243) (10,527) (4,818)
Cash and cash equivalents at the end of the period $ 547,322 $ 574,032 $ 551,933
[1] Adjustments to bring changes between opening and closing balance sheet amounts to average rates. This is not done on a line-by-line basis, as details cannot be determined without unreasonable expense.