XML 35 R8.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income $ 29,131 $ 36,431 $ 32,474
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:      
Provision for credit losses 17,480 5,585 4,871
Depreciation and amortization 8,614 8,368 7,791
Deferred tax expense (3,981) 949 1,721
Other 1,649 1,996 2,717
Originations and purchases of loans held-for-sale [1] (166,504) (169,289) (172,728)
Proceeds from sales, securitizations and paydowns of loans held-for-sale [1] 175,490 171,415 163,747
Net change in:      
Trading assets [1] (148,749) 6,551 (35,067)
Securities borrowed (20,734) (27,631) (6,861)
Accrued interest and accounts receivable (18,012) (78) (5,849)
Other assets [1] (42,434) (17,570) (8,779)
Trading liabilities 77,198 (14,516) 18,290
Accounts payable and other liabilities 7,827 (352) 14,630
Other operating adjustments [1] 3,115 2,233 (1,343)
Net cash provided by/(used in) operating activities (79,910) 4,092 15,614
Net change in:      
Federal funds sold and securities purchased under resale agreements (47,115) 72,396 (123,201)
Held-to-maturity securities:      
Proceeds from paydowns and maturities 21,360 3,423 2,945
Purchases (12,400) (13,427) (9,368)
Available-for-sale securities:      
Proceeds from paydowns and maturities 57,675 52,200 37,401
Proceeds from sales 149,758 70,181 46,067
Purchases (397,145) (242,149) (95,091)
Proceeds from sales and securitizations of loans held-for-investment 23,559 62,095 29,826
Other changes in loans, net [1] (50,263) (51,743) (83,013)
All other investing activities, net (7,341) (5,035) (4,986)
Net cash (used in) investing activities (261,912) (52,059) (199,420)
Net change in:      
Deposits 602,765 101,002 26,728
Federal funds purchased and securities loaned or sold under repurchase agreements 31,528 1,347 23,415
Short-term borrowings   (28,561)  
Short-term borrowings 4,438   18,476
Beneficial interests issued by consolidated VIEs 1,347 4,289 1,712
Proceeds from long-term borrowings 78,686 61,085 71,662
Payments of long-term borrowings (105,055) (69,610) (76,313)
Proceeds from issuance of preferred stock 4,500 5,000 1,696
Redemption of preferred stock (1,430) (4,075) (1,696)
Treasury stock repurchased (6,517) (24,001) (19,983)
Dividends paid (12,690) (12,343) (10,109)
All other financing activities, net (927) (1,146) (1,430)
Net cash provided by financing activities 596,645 32,987 34,158
Effect of exchange rate changes on cash and due from banks and deposits with banks 9,155 (182) (2,863)
Net increase/(decrease) in cash and due from banks and deposits with banks 263,978 (15,162) (152,511)
Cash and due from banks and deposits with banks at the beginning of the period 263,631 278,793 431,304
Cash and due from banks and deposits with banks at the end of the period 527,609 263,631 278,793
Cash interest paid 13,077 29,918 21,152
Cash income taxes paid, net $ 7,661 $ 5,624 $ 3,542
[1] In the third quarter of 2020, the Firm reclassified certain fair value option elected lending-related positions from trading assets to loans and other assets. Prior-period amounts have been revised to conform with the current presentation.