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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 9,179 $ 8,712
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 1,495 1,165
Depreciation and amortization 2,038 1,797
Deferred tax (benefit)/expense 233 (175)
Other 640 951
Originations and purchases of loans held-for-sale (15,611) (20,010)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 23,528 18,300
Net change in:    
Trading assets (123,064) (37,231)
Securities borrowed (11,154) (11,047)
Accrued interest and accounts receivable 869 (5,009)
Other assets 2,292 (3,929)
Trading liabilities 13,353 11,855
Accounts payable and other liabilities 10,705 (90)
Other operating adjustments 4,617 (398)
Net cash (used in) operating activities (80,880) (35,109)
Net change in:    
Federal funds sold and securities purchased under resale agreements 22,459 (49,179)
Held-to-maturity securities:    
Proceeds from paydowns and maturities 570 698
Purchases 0 (4,686)
Available-for-sale securities:    
Proceeds from paydowns and maturities 7,613 10,785
Proceeds from sales 22,289 16,697
Purchases (33,244) (14,680)
Proceeds from sales and securitizations of loans held-for-investment 14,584 4,219
Other changes in loans, net 3,799  
Other changes in loans, net   (8,226)
All other investing activities, net (1,769) (649)
Net cash provided by/(used in) investing activities 36,301 (45,021)
Net change in:    
Deposits 26,799 49,429
Federal funds purchased and securities loaned or sold under repurchase agreements 40,352 20,185
Short-term borrowings 1,455 11,029
Beneficial interests issued by consolidated VIEs 5,671 (93)
Proceeds from long-term borrowings 15,560 19,916
Payments of long-term borrowings (12,425) (31,887)
Proceeds from issuance of preferred stock 1,850 0
Redemption of preferred stock (925) 0
Treasury stock repurchased (5,091) (4,671)
Dividends paid (3,033) (2,236)
All other financing activities, net (778) (1,083)
Net cash provided by financing activities 69,435 60,589
Effect of exchange rate changes on cash and due from banks and deposits with banks (1,045) 3,049
Net increase/(decrease) in cash and due from banks and deposits with banks 23,811 (16,492)
Cash and due from banks and deposits with banks at the beginning of the period 278,793 431,304
Cash and due from banks and deposits with banks at the end of the period 302,604 414,812
Cash interest paid 7,336 4,431
Cash income taxes paid, net $ 534 $ 429