XML 22 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income attributable to U.S. Bancorp $ 1,699 $ 1,675
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 377 341
Depreciation and amortization of premises and equipment 80 74
Amortization of intangibles 40 39
(Gain) loss on sale of loans held for sale (105) (62)
(Gain) loss on sale of securities and other assets (100) (78)
Loans originated for sale in the secondary market, net of repayments (6,028) (7,762)
Proceeds from sales of loans held for sale 5,404 7,975
Other, net (71) (768)
Net cash provided by operating activities 1,296 1,434
Investing Activities    
Proceeds from sales of available-for-sale investment securities 99 944
Proceeds from maturities of held-to-maturity investment securities 1,569 1,598
Proceeds from maturities of available-for-sale investment securities 1,865 2,771
Purchases of held-to-maturity investment securities (1,817) (3,310)
Purchases of available-for-sale investment securities (3,194) (2,068)
Net (increase) decrease in loans outstanding (1,073) 1,417
Proceeds from sales of loans 550 330
Purchases of loans (780) (1,135)
Net increase in securities purchased under agreements to resell (3,661) (135)
Other, net (102) (330)
Net cash (used in) provided by investing activities (6,544) 82
Financing Activities    
Net increase (decrease) in deposits 2,612 (2,689)
Net increase in short-term borrowings 1,257 1,052
Proceeds from issuance of long-term debt 3,000 2,110
Principal payments or redemption of long-term debt (3,657) (1,137)
Proceeds from issuance of common stock 15 40
Repurchase of common stock (648) (588)
Cash dividends paid on preferred stock (72) (64)
Cash dividends paid on common stock (597) (499)
Net cash provided by (used in) financing activities 1,910 (1,775)
Change in cash and due from banks (3,338) (259)
Cash and due from banks at beginning of period 21,453 19,505
Cash and due from banks at end of period $ 18,115 $ 19,246