XML 111 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net income $ 2,929 $ 4,570
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision for (recapture of) credit losses (249) 3,377
Depreciation and amortization 794 712
Deferred income taxes 165 (2,501)
Net gains on sales of securities (35) (222)
Changes in fair value of mortgage servicing rights (47) 728
Gain on sale of BlackRock   (5,740)
Undistributed earnings of BlackRock   (174)
Net change in    
Trading securities and other short-term investments 776 (266)
Loans held for sale (439) (170)
Other assets (784) (1,675)
Accrued expenses and other liabilities (782) 3,161
Other (133) 531
Net cash provided (used) by operating activities 2,195 2,331
Sales    
Securities available for sale 7,495 12,055
Net proceeds from sale of BlackRock   14,225
Loans 1,011 597
Repayments/maturities    
Securities available for sale 15,970 10,110
Securities held to maturity 46 38
Purchases    
Securities available for sale (44,380) (31,593)
Securities held to maturity (75) (44)
Loans (1,291) (173)
Net change in    
Federal funds sold and resale agreements (75) 460
Interest-earning deposits with banks 26,039 (26,820)
Loans 9,739 (19,886)
Net cash paid for acquisition [1] (10,511)
Other (1,018) (206)
Net cash provided (used) by investing activities 2,950 (41,237)
Net change in    
Noninterest-bearing deposits 5,771 26,673
Interest-bearing deposits (3,730) 30,778
Federal funds purchased and repurchase agreements 75 (5,888)
Short-term Federal Home Loan Bank borrowings   (6,300)
Other borrowed funds 94 1,486
Sales/issuances    
Federal Home Loan Bank borrowings   9,060
Bank notes and senior debt 996 3,487
Other borrowed funds 353 304
Common and treasury stock 36 34
Repayments/maturities    
Federal Home Loan Bank borrowings (3,680) (10,601)
Bank notes and senior debt (1,850) (5,897)
Other borrowed funds (346) (318)
Acquisition of treasury stock (67) (1,523)
Preferred stock cash dividends paid (105) (118)
Common stock cash dividends paid (985) (994)
Net cash provided (used) by financing activities (3,438) 40,183
Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash 1,707 1,277
Net cash provided by discontinued operations 14,299
Net cash provided (used) by continuing operations 1,707 (13,022)
Cash and due from banks and restricted cash at beginning of period 7,017 5,061
Cash and due from banks and restricted cash at end of period 8,724 6,338
Cash and due from banks at end of period (unrestricted cash) 8,128 5,977
Restricted cash 596 361
Supplemental Disclosures    
Interest paid 336 913
Income taxes paid 384 528
Income taxes refunded 65 9
Leased assets obtained in exchange for new operating lease liabilities 248 59
Non-cash Investing and Financing Items    
Transfer from loans to loans held for sale, net 489 542
Transfer from trading securities to investment securities 289
Transfer from loans to foreclosed assets $ 15 $ 43
[1] Cash paid to acquire BBVA was $11,480 million. The amount of $10,511 million represents the cash paid for the acquisition less $969 million in cash acquired. See Note 2 Acquisition & Divestiture Activity for more detailed information on the BBVA acquisition.