XML 17 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statement of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Operating activities          
Net income $ 962 $ 1,449 $ 956    
Net (income) loss attributable to noncontrolling interests 18 (9) (10)    
Net income applicable to shareholders of The Bank of New York Mellon Corporation 980 1,440 946    
Adjustments to reconcile net income to net cash (used for) operating activities:          
Provision for credit losses [2] 169 [1] (8) 7 [1]    
Pension plan contributions (6)   (17)    
Depreciation and amortization 354   302    
Deferred tax (benefit) (300)   (28)    
Net securities (gains) (9) 25 (1)    
Change in trading assets and liabilities 2,419   (57)    
Change in accruals and other, net (5,292)   (2,101)    
Net cash (used for) operating activities (1,685)   (949)    
Investing activities          
Change in interest-bearing deposits with banks (6,066)   413    
Change in interest-bearing deposits with the Federal Reserve and other central banks (52,370)   7,096    
Purchases of securities held-to-maturity (5,151)   (1,403)    
Paydowns of securities held-to-maturity 1,503   914    
Maturities of securities held-to-maturity 1,310   500    
Purchases of securities available-for-sale (22,222)   (8,894)    
Sales of securities available-for-sale 3,107   3,692    
Paydowns of securities available-for-sale 2,042   1,400    
Maturities of securities available-for-sale 4,727   7,223    
Net change in loans (7,626)   3,010    
Sales of loans and other real estate 1   51    
Change in federal funds sold and securities purchased under resale agreements 2,739   6,640    
Net change in seed capital investments 18   3    
Purchases of premises and equipment/capitalized software (264)   (264)    
Other, net (349)   429    
Net cash (used for) provided by investing activities (78,601)   20,810    
Financing activities          
Change in deposits 79,678   (16,146)    
Change in federal funds purchased and securities sold under repurchase agreements 1,775   (2,482)    
Change in payables to customers and broker-dealers 5,329   (414)    
Change in other borrowed funds 961   695    
Change in commercial paper (2,838)   834    
Net proceeds from the issuance of long-term debt 998   0    
Repayments of long-term debt (1,750)   (1,500)    
Proceeds from the exercise of stock options 30   31    
Issuance of common stock 3   13    
Treasury stock acquired (985)   (555)    
Common cash dividends paid (282)   (270)    
Preferred cash dividends paid (36)   (36)    
Other, net (3)   (7)    
Net cash provided by (used for) financing activities 82,880   (19,837)    
Effect of exchange rate changes on cash (56)   11    
Change in cash and due from banks and restricted cash          
Change in cash and due from banks and restricted cash 2,538   35    
Cash and due from banks and restricted cash at beginning of period 7,267   8,258    
Cash and due from banks and restricted cash at end of period 9,805 7,267 8,293    
Cash and due from banks at end of period (unrestricted cash)       $ 5,091 $ 5,980
Restricted cash at end of period       4,714 2,313
Cash and due from banks and restricted cash at end of period 9,805 $ 7,267 8,293 $ 9,805 $ 8,293
Supplemental disclosures          
Interest paid 851   1,122    
Income taxes paid 185   100    
Income taxes refunded $ 10   $ 3    
[1]
In the first quarter of 2020, we adopted new accounting guidance included in ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses On Financial Instruments, on a prospective basis. See Note 2 of the Notes to Consolidated Financial Statements for additional information.
[2] The provision for credit losses for the quarter ended March 31, 2020 relates to the financial instruments within the scope of Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses On Financial Instruments. See Note 2 of the Notes to Consolidated Financial Statements for additional information.