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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including NCI $ (2,018,718,000) $ 645,857,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment of goodwill 1,848,228,000 0
Credit loss expense 2,162,983,000 1,080,843,000
Deferred tax (benefit)/expense (296,146,000) 216,264,000
Depreciation, amortization and accretion 1,497,903,000 1,131,787,000
Net loss on sale of loans 209,763,000 150,147,000
Net gain on sale of investment securities (31,795,000) (379,000)
Loss on debt extinguishment 1,026,000 1,127,000
Net loss on real estate owned, premises and equipment, and other assets 2,907,000 2,820,000
Stock-based compensation 23,000 266,000
Equity loss/(income) on equity method investments 11,947,000 (322,000)
Originations of LHFS, net of repayments (2,211,859,000) (568,633,000)
Purchases of LHFS 0 (229,000)
Proceeds from sales of LHFS 674,829,000 614,783,000
Net change in:    
Revolving personal loans (25,598,000) (72,723,000)
Other assets, BOLI and trading securities (1,101,777,000) (479,589,000)
Other liabilities 1,655,112,000 260,283,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,378,828,000 2,982,302,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS investment securities 1,553,560,000 285,263,000
Proceeds from prepayments and maturities of AFS investment securities 4,882,810,000 1,546,071,000
Purchases of AFS investment securities (3,691,813,000) (2,172,170,000)
Proceeds from prepayments and maturities of HTM investment securities 366,372,000 146,505,000
Purchases of HTM investment securities (1,534,595,000) (25,938,000)
Proceeds from sales of other investments 176,010,000 148,339,000
Proceeds from maturities of other investments 85,000 13,673,000
Purchases of other investments (868,969,000) (241,707,000)
Proceeds from sales of LHFI 570,510,000 602,325,000
Distributions from equity method investments 4,239,000 2,526,000
Contributions to equity method and other investments (70,911,000) (110,953,000)
Proceeds from settlements of BOLI policies 4,400,000 17,486,000
Purchases of LHFI (77,136,000) (625,435,000)
Net change in loans other than purchases and sales (2,959,233,000) (5,423,963,000)
Purchases and originations of operating leases (3,022,996,000) (4,527,626,000)
Proceeds from the sale and termination of operating leases 1,766,412,000 1,840,648,000
Manufacturer incentives 216,057,000 431,294,000
Proceeds from sales of real estate owned and premises and equipment 21,357,000 33,367,000
Purchases of premises and equipment (96,094,000) (88,014,000)
Upfront fee paid to FCA 0 (60,000,000)
NET CASH USED IN INVESTING ACTIVITIES (2,759,935,000) (8,208,309,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits and other customer accounts 6,636,542,000 2,208,674,000
Net change in short-term borrowings (244,149,000) 671,956,000
Net proceeds from long-term borrowings 22,047,223,000 21,916,766,000
Repayments of long-term borrowings (21,228,029,000) (19,882,995,000)
Proceeds from FHLB advances (with terms greater than 3 months) 2,500,000,000 3,375,000,000
Repayments of FHLB advances (with terms greater than 3 months) (3,885,882,000) (2,150,000,000)
Net change in advance payments by borrowers for taxes and insurance 12,778,000 21,261,000
Dividends paid on common stock (125,000,000) (150,000,000)
Dividends paid to NCI (37,212,000) (42,394,000)
Stock repurchase attributable to NCI (546,840,000) (104,644,000)
Proceeds from the issuance of common stock 396,000 1,455,000
Capital contribution from shareholder 0 75,901,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,129,827,000 5,940,980,000
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 4,748,720,000 714,973,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 11,526,252,000 10,722,304,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD [1] 16,274,972,000 11,437,277,000
NON-CASH TRANSACTIONS    
Loans transferred from other real estate owned (121,561,000) (13,927,000)
Loans transferred from HFI to HFS, net 2,764,872,000 1,600,445,000
Unsettled purchases of investment securities 345,978,000 333,498,000
Unsettled sales of investment securities 0 342,401,000
ROU assets 0 664,057,000
Accrued expenses and payables $ 0 $ 705,650,000
[1] The six-month periods ended June 30, 2020 and 2019 include cash and cash equivalents balances of $11.1 billion and $8.0 billion, respectively, and restricted cash balances of $5.2 billion and $3.4 billion, respectively.