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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 8,282 $ 14,300
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 1,463 (4,156)
Depreciation and amortization 1,820 2,070
Deferred tax (benefit)/expense (730) 998
Other 1,200 890
Originations and purchases of loans held-for-sale (66,262) (85,457)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 75,558 75,547
Net change in:    
Trading assets (91,213) (34,262)
Securities borrowed (18,979) (18,951)
Accrued interest and accounts receivable (49,719) (24,323)
Other assets 1,319 7,131
Trading liabilities 29,993 (7)
Accounts payable and other liabilities 64,738 23,559
Other operating adjustments 613 (1,211)
Net cash (used in) operating activities (41,917) (43,872)
Net change in:    
Federal funds sold and securities purchased under resale agreements (40,407) 23,791
Held-to-maturity securities:    
Proceeds from paydowns and maturities 9,512 14,700
Purchases (13,223) (31,348)
Available-for-sale securities:    
Proceeds from paydowns and maturities 11,291 14,096
Proceeds from sales 16,971 80,823
Purchases (45,357) (95,958)
Proceeds from sales and securitizations of loans held-for-investment 9,987 6,619
Other changes in loans, net (18,185) 3,321
All other investing activities, net (3,197) (653)
Net cash provided by/(used in) investing activities (72,608) 15,391
Net change in:    
Deposits 99,691 120,501
Federal funds purchased and securities loaned or sold under repurchase agreements 29,600 88,844
Short-term borrowings 4,300 9,387
Beneficial interests issued by consolidated VIEs 52 (1,439)
Proceeds from long-term borrowings 20,651 24,162
Payments of long-term borrowings (13,094) (14,983)
Proceeds from issuance of preferred stock 0 1,500
Redemption of preferred stock (2,000) 0
Treasury stock repurchased (2,455) (4,806)
Dividends paid (3,430) (3,193)
All other financing activities, net (543) (1,062)
Net cash provided by financing activities 132,772 218,911
Effect of exchange rate changes on cash and due from banks and deposits with banks (4,549) (6,967)
Net increase in cash and due from banks and deposits with banks 13,698 183,463
Cash and due from banks and deposits with banks at the beginning of the period 740,834 527,609
Cash and due from banks and deposits with banks at the end of the period 754,532 711,072
Cash interest paid 1,088 1,127
Cash income taxes paid, net $ 705 $ 707