XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net earnings $ 4,953 $ 6,549
Adjustments to reconcile net earnings to net cash used for operating activities:    
Depreciation and amortization 1,404 1,240
Share-based compensation 1,737 1,852
Gain related to extinguishment of unsecured borrowings (1) 0
Provision for credit losses 2,805 729
Changes in operating assets and liabilities:    
Customer and other receivables and payables, net (24,045) 3,083
Collateralized transactions (excluding other secured financings), net (21,080) 28,039
Trading assets (50,937) (67,507)
Trading liabilities 53,306 7,588
Loans held for sale, net 2,264 (696)
Other, net (148) (6,840)
Net cash used for operating activities (29,742) (25,963)
Cash flows from investing activities    
Purchase of property, leasehold improvements and equipment (4,906) (6,397)
Proceeds from sales of property, leasehold improvements and equipment 1,272 4,561
Net cash used for business acquisitions (226) (803)
Purchase of investments (37,516) (26,175)
Proceeds from sales and paydowns of investments 23,200 13,757
Loans (excluding loans held for sale), net (7,257) (5,859)
Net cash used for investing activities (25,433) (20,916)
Cash flows from financing activities    
Unsecured short-term borrowings, net 6,567 1,137
Other secured financings (short-term), net 1,629 (2,705)
Proceeds from issuance of other secured financings (long-term) 6,016 5,095
Repayment of other secured financings (long-term), including the current portion (2,019) (6,431)
Purchase of Trust Preferred securities (11) (61)
Proceeds from issuance of unsecured long-term borrowings 36,120 18,613
Repayment of unsecured long-term borrowings, including the current portion (41,042) (26,887)
Derivative contracts with a financing element, net 1,022 2,710
Deposits, net 70,654 23,931
Preferred stock redemption (350) (500)
Common stock repurchased (1,928) (3,173)
Settlement of share-based awards in satisfaction of withholding tax requirements (829) (741)
Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards (1,744) (1,460)
Proceeds from issuance of preferred stock, net of issuance costs 349 499
Other financing, net 396 399
Net cash provided by financing activities 74,830 10,426
Net increase/(decrease) in cash and cash equivalents 19,655 (36,453)
Cash and cash equivalents, beginning balance 133,546 130,547
Cash and cash equivalents, ending balance 153,201 94,094
Supplemental disclosures:    
Cash payments for interest, net of capitalized interest 7,648 14,132
Cash payments for income taxes, net $ 1,904 $ 946