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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net earnings $ 8,461 $ 7,175
Adjustments to reconcile net earnings to net cash used for operating activities:    
Depreciation and amortization 1,124 1,273
Deferred income taxes (202) (451)
Share-based compensation 2,950 2,439
Provision for credit losses 671 600
Changes in operating assets and liabilities:    
Customer and other receivables and payables, net (11,708) 2,327
Collateralized transactions (excluding other secured financings), net (34,073) 11,682
Trading assets (47,625) (43,874)
Trading liabilities 49,794 (1,585)
Loans held for sale, net (1,261) 270
Other, net 311 (1,774)
Net cash used for operating activities (31,558) (21,918)
Cash flows from investing activities    
Purchase of property, leasehold improvements and equipment (975) (1,039)
Proceeds from sales of property, leasehold improvements and equipment 392 847
Net cash received from business dispositions 0 3,622
Available-for-sale securities:    
Purchases (53,101) (27,736)
Proceeds from sales 32,088 7,691
Proceeds from paydowns and maturities 1 9,789
Held-to-maturity securities:    
Purchases (5,819) (13,433)
Proceeds from paydowns and maturities 12,438 10,954
Other investments:    
Purchases (4,419) (3,498)
Proceeds from sales, paydowns and maturities 4,466 4,121
Loans (excluding loans held for sale), net (19,152) (4,541)
Net cash used for investing activities (34,081) (13,223)
Cash flows from financing activities    
Unsecured short-term borrowings, net 3,927 3,869
Other secured financings (short-term), net (7,026) 6,096
Proceeds from issuance of other secured financings (long-term) 1,206 4,659
Repayment of other secured financings (long-term), including the current portion (1,275) (783)
Proceeds from issuance of unsecured long-term borrowings 51,067 31,798
Repayment of unsecured long-term borrowings, including the current portion (36,197) (39,783)
Derivative contracts with a financing element, net 634 893
Deposits, net 27,244 4,672
Preferred stock redemption 0 (700)
Common stock repurchased (7,360) (5,000)
Settlement of share-based awards in satisfaction of withholding tax requirements (2,146) (1,326)
Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards (2,338) (2,175)
Proceeds from issuance of preferred stock, net of issuance costs 1,895 2,244
Other financing, net (67) 336
Net cash provided by financing activities 29,564 4,800
Effect of exchange rate changes on cash and cash equivalents 6,950 (4,910)
Net decrease in cash and cash equivalents (29,125) (35,251)
Cash and cash equivalents, beginning balance 182,092 241,577
Cash and cash equivalents, ending balance 152,967 206,326
Supplemental disclosures:    
Cash payments for interest, net of capitalized interest 32,958 35,385
Cash payments for income taxes, net $ 2,357 $ 2,064