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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income before noncontrolling interests $ 1,609 $ 2,073 $ 1,294
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 420 123 220
Changes in fair values of equity warrant assets, net of proceeds from exercises (60) (26) (2)
Changes in fair values of derivatives, net 193 52 (82)
Gains (losses) on investment securities, net 285 (761) (421)
Distributions of earnings from non-marketable and other equity securities 57 201 86
Depreciation and amortization 222 151 101
Amortization of premiums and discounts on investment securities, net 388 451 75
Amortization of share-based compensation 183 136 84
Amortization of deferred loan fees (259) (269) (174)
Deferred income tax (benefit) expense 591 (8) 7
Excess tax benefit from exercise of stock options and vesting of restricted shares (18) (40) (6)
Losses from the write-off of premises and equipment and right-of-use assets 2 39 30
Changes in other assets and liabilities:      
Accrued interest receivable and payable, net (45) (185) (26)
Accounts receivable and payable, net 6 17 19
Income tax receivable and payable, net (179) (122) 98
Accrued compensation (48) 332 191
Proceeds from termination of interest rate swaps 0 0 228
Other, net (483) (296) (310)
Net cash provided by operating activities 2,864 1,868 1,412
Cash flows from investing activities:      
Purchases of AFS securities (12,724) (12,147) (23,208)
Proceeds from sales of AFS securities 9,495 1,591 2,654
Proceeds from maturities and paydowns of AFS securities 1,452 4,768 4,184
Purchases of HTM securities (4,961) (85,519) (6,778)
Proceeds from maturities and paydowns of HTM securities 11,469 13,428 4,036
Purchases of non-marketable and other equity securities (381) (365) (201)
Proceeds from sales and distributions of capital of non-marketable and other equity securities 106 666 148
Net increase in loans (7,879) (13,726) (11,927)
Purchases of premises and equipment (215) (113) (87)
Business acquisitions, net 0 1,081 (27)
Net cash used for investing activities (3,638) (90,336) (31,206)
Cash flows from financing activities:      
Net increase (decrease) in deposits (16,094) 78,238 40,224
Net increase (decrease) in short-term borrowings 13,494 21 6
Proceeds from issuance of long-term debt 2,795 1,636 495
(Distributions to noncontrolling interests), net of contributions from noncontrolling interests (19) (80) (23)
Net proceeds from the issuance of preferred stock 0 3,306 0
Payment of preferred stock dividends (163) (63) (17)
Common stock repurchase 0 0 (60)
Proceeds from issuance of common stock, net (22) 2,374 31
Net cash provided (used for) by financing activities (9) 85,432 40,656
Net increase (decrease) in cash and cash equivalents (783) (3,036) 10,862
Cash and cash equivalents at beginning of period 14,586 17,622 6,760
Cash and cash equivalents at end of period 13,803 14,586 17,622
Cash paid during the period for:      
Interest 981 93 84
Income taxes, net of refunds 96 739 299
Noncash items during the period:      
Changes in unrealized gains and losses on AFS securities, net of tax (1,832) (488) 394
Distributions of stock from investments 2 72 12
Transfers from AFS securities to HTM $ 0 $ 8,953 $ 0