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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net earnings $ 1,213 $ 2,251
Adjustments to reconcile net earnings to net cash used for operating activities:    
Depreciation and amortization 437 368
Share-based compensation 1,395 1,503
Gain related to extinguishment of unsecured borrowings (1) 0
Provision for credit losses 937 224
Changes in operating assets and liabilities:    
Customer and other receivables and payables, net (7,961) 3,991
Collateralized transactions (excluding other secured financings), net (55,249) (13,215)
Trading assets (20,580) (26,494)
Trading liabilities 27,523 (7,888)
Loans held for sale, net 2,624 652
Other, net (3,369) (5,760)
Net cash used for operating activities (53,031) (44,368)
Cash flows from investing activities    
Purchase of property, leasehold improvements and equipment (2,843) (2,128)
Proceeds from sales of property, leasehold improvements and equipment 397 2,266
Purchase of investments (10,214) (6,848)
Proceeds from sales and paydowns of investments 3,889 6,207
Loans, net (excluding loans held for sale) (23,565) (1,636)
Net cash used for investing activities (32,336) (2,139)
Cash flows from financing activities    
Unsecured short-term borrowings, net 2,915 381
Other secured financings (short-term), net 16,307 (2,690)
Proceeds from issuance of other secured financings (long-term) 2,969 1,442
Repayment of other secured financings (long-term), including the current portion (445) (525)
Purchase of Trust Preferred securities (11) 0
Proceeds from issuance of unsecured long-term borrowings 26,506 6,253
Repayment of unsecured long-term borrowings, including the current portion (16,175) (7,251)
Derivative contracts with a financing element, net 134 2,586
Deposits, net 28,381 5,594
Preferred stock redemption (350) 0
Common stock repurchased (1,928) (1,250)
Settlement of share-based awards in satisfaction of withholding tax requirements (804) (730)
Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards (538) (375)
Proceeds from issuance of preferred stock, net of issuance costs 349 0
Other financing, net 0 409
Net cash provided by financing activities 57,310 3,844
Net decrease in cash and cash equivalents (28,057) (42,663)
Cash and cash equivalents, beginning balance 133,546 130,547
Cash and cash equivalents, ending balance 105,489 87,884
Supplemental disclosures:    
Cash payments for interest, net of capitalized interest 4,041 4,372
Cash payments/(refunds) for income taxes, net $ 474 $ (109)