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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income $ 37,676 $ 48,334 $ 29,131
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:      
Provision for credit losses 6,389 (9,256) 17,480
Depreciation and amortization 7,051 7,932 8,614
Deferred tax (benefit)/expense (2,738) 3,748 (3,573)
Other 5,174 3,274 1,649
Originations and purchases of loans held-for-sale (149,167) (347,864) (166,504)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 167,709 336,413 175,490
Net change in:      
Trading assets (31,449) 85,710 (148,749)
Securities borrowed 20,203 (45,635) (20,734)
Accrued interest and accounts receivable (22,970) (12,401) (18,012)
Other assets (2,882) (11,745) (42,430)
Trading liabilities 11,170 (23,190) 77,198
Accounts payable and other liabilities 58,614 43,162 7,415
Other operating adjustments 2,339 (398) 3,115
Net cash provided by/(used in) operating activities 107,119 78,084 (79,910)
Net change in:      
Federal funds sold and securities purchased under resale agreements (54,278) 34,473 (47,115)
Held-to-maturity securities:      
Proceeds from paydowns and maturities 48,626 50,897 21,360
Purchases (33,676) (111,756) (12,400)
Available-for-sale securities:      
Proceeds from paydowns and maturities 39,159 50,075 57,675
Proceeds from sales 84,616 162,748 149,758
Purchases (126,258) (248,785) (397,145)
Proceeds from sales and securitizations of loans held-for-investment 44,892 35,845 23,559
Other changes in loans, net (128,968) (91,797) (50,263)
All other investing activities, net (11,932) (11,044) (7,341)
Net cash (used in) investing activities (137,819) (129,344) (261,912)
Net change in:      
Deposits (136,895) 293,764 602,765
Federal funds purchased and securities loaned or sold under repurchase agreements 8,455 (20,799) 31,528
Short-term borrowings (8,984)    
Short-term borrowings   7,773 4,438
Beneficial interests issued by consolidated VIEs 2,205 (4,254) 1,347
Proceeds from long-term borrowings 78,442 82,409 78,686
Payments of long-term borrowings (45,556) (54,932) (105,055)
Proceeds from issuance of preferred stock 0 7,350 4,500
Redemption of preferred stock (7,434) (2,575) (1,430)
Treasury stock repurchased (3,162) (18,408) (6,517)
Dividends paid (13,562) (12,858) (12,690)
All other financing activities, net 234 (1,477) (927)
Net cash provided by/(used in) financing activities (126,257) 275,993 596,645
Effect of exchange rate changes on cash and due from banks and deposits with banks (16,643) (11,508) 9,155
Net increase/(decrease) in cash and due from banks and deposits with banks (173,600) 213,225 263,978
Cash and due from banks and deposits with banks at the beginning of the period 740,834 527,609 263,631
Cash and due from banks and deposits with banks at the end of the period 567,234 740,834 527,609
Cash interest paid 23,143 5,142 13,077
Cash income taxes paid, net $ 4,355 $ 18,737 $ 8,140