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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 31,568 $ 27,094
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 4,936 5,174
Depreciation and amortization 4,006 2,156
Deferred tax benefit (1,609) (2,238)
Bargain purchase gain associated with the First Republic acquisition (103)  
Bargain purchase gain associated with the First Republic acquisition   (2,712)
Initial gain on the Visa share exchange (7,990) 0
Other 1,460 3,008
Originations and purchases of loans held-for-sale (105,772) (48,270)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 99,909 47,746
Net change in:    
Trading assets (191,119) (178,766)
Securities borrowed 1,589 21,835
Accrued interest and accounts receivable (28,551) 16,107
Other assets 5,463 44,599
Trading liabilities 53,225 (4,846)
Accounts payable and other liabilities 13,163 (24,563)
Other operating adjustments 4,136 1,300
Net cash (used in) operating activities (115,689) (92,376)
Net change in:    
Federal funds sold and securities purchased under resale agreements (116,562) (9,816)
Held-to-maturity securities:    
Proceeds from paydowns and maturities 46,800 13,762
Purchases (1,034) (4,141)
Available-for-sale securities:    
Proceeds from paydowns and maturities 16,742 23,470
Proceeds from sales 61,211 69,875
Purchases (146,232) (52,433)
Proceeds from sales and securitizations of loans held-for-investment 29,074 19,526
Other changes in loans, net (24,568) (33,353)
Net cash used in the First Republic acquisition (2,362) (9,920)
All other investing activities, net (687) (11,419)
Net cash (used in)/provided by investing activities (137,618) 5,551
Net change in:    
Deposits (7,212) (27,782)
Federal funds purchased and securities loaned or sold under repurchase agreements 184,307 63,590
Short-term borrowings 2,304  
Short-term borrowings   (3,135)
Beneficial interests issued by consolidated VIEs 1,628 7,708
Proceeds from long-term borrowings 54,103 19,357
Payments of long-term borrowings (46,710) (32,003)
Proceeds from issuance of preferred stock 2,500 0
Redemption of preferred stock (6,000) 0
Treasury stock repurchased (8,168) (5,167)
Dividends paid (7,270) (6,651)
All other financing activities, net (1,076) (1,275)
Net cash provided by financing activities 168,406 14,642
Effect of exchange rate changes on cash and due from banks and deposits with banks (8,431) 72
Net decrease in cash and due from banks and deposits with banks (93,332) (72,111)
Cash and due from banks and deposits with banks at the beginning of the period 624,151 567,234
Cash and due from banks and deposits with banks at the end of the period 530,819 495,123
Cash interest paid 48,526 35,250
Cash income taxes paid, net $ 7,610 $ 5,466