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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities  
Net income$ 10,986$ 8,121
Adjustments to reconcile net income to net cash provided by operating activities  
Provision for credit losses2,97910,373
Depreciation and amortization2,1231,934
Amortization of intangibles429478
Deferred tax benefit679(567)
Investment securities gains(939)(1,610)
Stock-based compensation1,5571,774
Originations and purchases of loans held-for-sale(41,637)(14,259)
Proceeds from sales, securitizations and paydowns of loans held-for-sale42,44418,374
Net change in trading assets34,93417,953
Net change in securities borrowed2,095(2,620)
Net change in accrued interest and accounts receivable(10,151)9,270
Net change in other assets1,172(18,675)
Net change in trading liabilities(7,627)19,396
Net change in accounts payable and other liabilities12,993(1,066)
Other operating adjustments(6,688)3,149
Net cash provided by operating activities58,72545,727
Investing activities  
Net change in deposits with banks(148,193)23,866
Net change in federal funds sold and securities purchased under resale agreements9,195(3,343)
Held-to-maturity securities:  
Proceeds34
Available-for-sale securities:  
Proceeds from maturities39,90257,012
Proceeds from sales42,99477,754
Purchases(83,322)(102,291)
Proceeds from sales and securitizations of loans held-for-investment7,7555,850
Other changes in loans, net(14,133)13,138
Net cash used in business acquisitions or dispositions(14)(6)
All other investing activities, net61,690
Net cash (used in)/provided by investing activities(145,807)73,674
Financing activities  
Deposits110,896(46,179)
Federal funds purchased and securities loaned or sold under repurchase agreeme(22,499)(24,023)
Commercial paper and other borrowed funds12,669(963)
Beneficial interests issued by consolidated variable interest entities(566)(2,273)
Proceeds from long-term borrowings and trust preferred capital debt securities36,85520,894
Payments of long-term borrowings and trust preferred capital debt securities(42,132)(58,424)
Excess tax benefits related to stock-based compensation77621
Treasury stock purchased(3,575)(135)
Dividends paid(1,565)(745)
All other financing activities, net(1,534)(497)
Net cash provided by/(used in) financing activities89,325(112,324)
Effect of exchange rate changes on cash and due from banks656(477)
Net increase in cash and due from banks2,8996,600
Cash and due from banks at the beginning of the period27,56726,206
Cash and due from banks at the end of the period30,46632,806
Cash interest paid7,5446,363
Cash income taxes paid, net$ 4,753$ 5,361