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Consolidated Cash Flow Statements - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income $ 11,179 $ 9,237 $ 8,883
Adjustments to reconcile net income to net cash provided by (used for) operating activities:      
Deferred income taxes (250) 165 449
Stock-based compensation expense 1,312 1,153 920
Depreciation and amortization 3,769 2,643 1,844
Provision for (Release of) credit losses on lending activities 762 162 (15)
Other operating adjustments 274 (195) 199
Changes in assets and liabilities:      
Trading assets, net of Trading liabilities 15,550 (13,668) 23,732
Securities borrowed (5,076) 9,764 7,697
Securities loaned (1,541) (3,402) (1,684)
Customer and other receivables and other assets (29,774) 233 (728)
Customer and other payables and other liabilities 10,187 19,942 (13,063)
Securities purchased under agreements to resell (28,010) 10,298 (14,264)
Securities sold under agreements to repurchase (3,613) 4,441 (6,665)
Net cash provided by (used for) operating activities (25,231) 40,773 7,305
Cash flows from investing activities      
Other assets—Premises, equipment and software, net (1,444) (1,826) (1,865)
Changes in loans, net (17,949) (17,359) (8,794)
Investment securities:      
Purchases (59,777) (42,586) (27,800)
Proceeds from sales 13,750 17,151 3,208
Proceeds from paydowns and maturities 24,517 12,012 12,668
Cash acquired as part of the E*TRADE acquisition 3,807 0 0
Other investing activities (802) (953) (298)
Net cash provided by (used for) investing activities (37,898) (33,561) (22,881)
Net proceeds from (payments for):      
Other secured financings 2,794 3,695 (1,226)
Deposits 75,417 2,513 28,384
Issuance of preferred stock, net of issuance costs 0 497 0
Proceeds from issuance of Borrowings 60,726 30,605 40,059
Payments for:      
Borrowings (50,484) (40,548) (34,781)
Repurchases of common stock and employee tax withholdings (1,890) (5,954) (5,566)
Cash dividends (2,739) (2,627) (2,375)
Other financing activities (40) (147) (290)
Net cash provided by (used for) financing activities 83,784 (11,966) 24,205
Effect of exchange rate changes on cash and cash equivalents 2,828 (271) (1,828)
Net increase (decrease) in cash and cash equivalents 23,483 (5,025) 6,801
Cash and cash equivalents, at beginning of period 82,171 87,196 80,395
Cash and cash equivalents, at end of period 105,654 82,171 87,196
Supplemental Disclosure of Cash Flow Information      
Cash payments for interest 4,120 12,511 9,977
Cash payments for income taxes, net of refunds $ 2,591 $ 1,908 $ 1,377