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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net income $ 12,622 $ 8,282
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 2,275 1,463
Depreciation and amortization 1,649 1,820
Deferred tax (benefit)/expense (606) (730)
Other 1,738 1,200
Originations and purchases of loans held-for-sale (22,009) (66,262)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 20,873 75,558
Net change in:    
Trading assets (117,067) (91,213)
Securities borrowed (10,460) (18,979)
Accrued interest and accounts receivable 9,823 (49,719)
Other assets 14,129 1,319
Trading liabilities 3,200 29,993
Accounts payable and other liabilities (27,847) 64,738
Other operating adjustments 439 613
Net cash (used in) operating activities (111,241) (41,917)
Net change in:    
Federal funds sold and securities purchased under resale agreements (1,317) (40,407)
Held-to-maturity securities:    
Proceeds from paydowns and maturities 9,258 9,512
Purchases (3,621) (13,223)
Available-for-sale securities:    
Proceeds from paydowns and maturities 11,018 11,291
Proceeds from sales 34,554 16,971
Purchases (26,490) (45,357)
Proceeds from sales and securitizations of loans held-for-investment 9,230 9,987
Other changes in loans, net (2,257) (18,185)
All other investing activities, net (6,581) (3,197)
Net cash provided by/(used in) investing activities 23,794 (72,608)
Net change in:    
Deposits 33,683 99,691
Federal funds purchased and securities loaned or sold under repurchase agreements 43,722 29,600
Short-term borrowings (1,876)  
Short-term borrowings   4,300
Beneficial interests issued by consolidated VIEs 3,001 52
Proceeds from long-term borrowings 8,750 20,651
Payments of long-term borrowings (16,171) (13,094)
Redemption of preferred stock 0 (2,000)
Treasury stock repurchased (2,690) (2,455)
Dividends paid (3,374) (3,430)
All other financing activities, net (488) (543)
Net cash provided by financing activities 64,557 132,772
Effect of exchange rate changes on cash and due from banks and deposits with banks 1,656 (4,549)
Net increase/(decrease) in cash and due from banks and deposits with banks (21,234) 13,698
Cash and due from banks and deposits with banks at the beginning of the period 567,234 740,834
Cash and due from banks and deposits with banks at the end of the period 546,000 754,532
Cash interest paid 15,287 1,088
Cash income taxes paid, net $ 1,382 $ 705