XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net earnings $ 9,935 $ 17,700
Adjustments to reconcile net earnings to net cash provided by/(used for) operating activities    
Depreciation and amortization 1,728 1,527
Share-based compensation 3,811 2,141
Provision for credit losses 1,743 13
Changes in operating assets and liabilities:    
Customer and other receivables and payables, net 21,453 11,010
Collateralized transactions (excluding other secured financings), net (3,872) (88,832)
Trading assets (39,764) (1,815)
Trading liabilities 48,411 50,065
Loans held for sale, net 2,041 (1,780)
Other, net (21,781) (14,005)
Net cash provided by/(used for) operating activities 23,705 (23,976)
Cash flows from investing activities    
Purchase of property, leasehold improvements and equipment (2,994) (3,548)
Proceeds from sales of property, leasehold improvements and equipment 1,272 3,111
Net cash used for business acquisitions (2,113) 0
Purchase of investments (52,989) (31,998)
Proceeds from sales and paydowns of investments 8,080 40,127
Loans (excluding loans held for sale), net (20,924) (24,219)
Net cash used for investing activities (69,668) (16,527)
Cash flows from financing activities    
Unsecured short-term borrowings, net 2,451 1,342
Other secured financings (short-term), net (1,415) (635)
Proceeds from issuance of other secured financings (long-term) 1,499 3,661
Repayment of other secured financings (long-term), including the current portion (2,677) (4,922)
Proceeds from issuance of unsecured long-term borrowings 69,620 68,798
Repayment of unsecured long-term borrowings, including the current portion (35,328) (38,370)
Derivative contracts with a financing element, net 1,749 477
Deposits, net 39,174 74,612
Preferred stock redemption 0 (2,675)
Common stock repurchased (2,000) (4,700)
Settlement of share-based awards in satisfaction of withholding tax requirements (1,591) (984)
Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards (2,669) (1,903)
Proceeds from issuance of preferred stock, net of issuance costs 0 1,423
Other financing, net 365 367
Net cash provided by financing activities 69,178 96,491
Net increase in cash and cash equivalents 23,215 55,988
Cash and cash equivalents, beginning balance 261,036 155,842
Cash and cash equivalents, ending balance 284,251 211,830
Supplemental disclosures:    
Cash payments for interest, net of capitalized interest 9,882 4,394
Cash payments for income taxes, net $ 3,046 $ 4,769