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Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income before noncontrolling interests $ 1,190 $ 381
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 54 310
Gains on investment securities, net (472) (81)
Distributions of earnings from non-marketable and other equity securities 104 49
Depreciation and amortization 61 50
Amortization of premiums and discounts on investment securities, net 166 30
Amortization of share-based compensation 55 39
Amortization of deferred loan fees (115) (78)
Deferred income tax expense (benefit) 33 (73)
Excess tax benefit from exercise of stock options and vesting of restricted shares (30) (2)
Changes in other assets and liabilities:    
Accrued interest receivable and payable, net (86) 16
Accounts receivable and payable, net 18 3
Income tax receivable and payable, net (49) 131
Accrued compensation (137) (115)
Foreign exchange spot contracts, net 245 (6)
Proceeds from termination of interest rate swaps 0 228
Other, net (309) (99)
Net cash provided by operating activities 695 745
Cash flows from investing activities:    
Purchases of AFS securities (2,289) (8,071)
Proceeds from sales of AFS securities 0 2,654
Proceeds from maturities and paydowns of AFS securities 2,948 1,550
Purchases of HTM securities (42,683) (568)
Proceeds from maturities and paydowns of HTM securities 5,104 1,544
Purchases of non-marketable and other equity securities (75) (119)
Proceeds from sales and distributions of capital of non-marketable and other securities 568 58
Net increase in loans (5,573) (3,530)
Purchases of premises and equipment (41) (51)
Net cash used for investing activities (42,041) (6,533)
Cash flows from financing activities:    
Net increase in deposits 43,856 12,748
Net increase in short-term borrowings 13 34
Proceeds from issuance of long-term debt 990 495
(Distributions to noncontrolling interests), net of contributions from noncontrolling interests (51) (14)
Net proceeds from the issuance of preferred stock 1,724 0
Payment of preferred stock dividend (17) (8)
Common stock repurchases 0 (60)
Proceeds from issuance of common stock, ESPP and ESOP, net of restricted stock awards 1,115 13
Net cash provided by financing activities 47,630 13,208
Net increase in cash and cash equivalents 6,284 7,420
Cash and cash equivalents at beginning of period 17,675 6,782
Cash and cash equivalents at end of period 23,959 14,202
Cash paid during the period for:    
Interest 31 67
Income taxes 370 58
Noncash items during the period:    
Changes in unrealized gains and losses on AFS securities, net of tax (400) 383
Distributions of stock from investments 43 11
Transfers from AFS securities to HTM 5,766 0
Equity warrant assets    
Changes in fair values of derivatives, net (40) 21
Derivative    
Changes in fair values of derivatives, net $ 7 $ (59)