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Consolidated Cash Flow Statement - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 3,715 $ 4,168
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Stock-based compensation expense 431 518
Depreciation and amortization 942 887
Provision for credit losses 57 (98)
Other operating adjustments 51 (95)
Changes in assets and liabilities:    
Trading assets, net of Trading liabilities 5,069 20,463
Securities borrowed (21,282) 10,242
Securities loaned 1,923 695
Customer and other receivables and other assets 1,227 (18,721)
Customer and other payables and other liabilities 17,994 3,270
Securities purchased under agreements to resell (7,768) 1,513
Securities sold under agreements to repurchase (2,120) 4,037
Net cash provided by (used for) operating activities 239 26,879
Proceeds from (payments for):    
Other assets—Premises, equipment and software, net (652) (525)
Changes in loans, net (7,479) (6,474)
Investment securities:    
Purchases (17,459) (32,333)
Proceeds from sales 18,469 6,825
Proceeds from paydowns and maturities 7,403 12,638
Cash paid as part of the Eaton Vance acquisition, net of cash acquired 0 (2,648)
Other investing activities (124) (44)
Net cash provided by (used for) investing activities 158 (22,561)
Net proceeds from (payments for):    
Other secured financings (636) (3,798)
Deposits 5,834 12,391
Proceeds from issuance of Borrowings 20,284 24,112
Payments for:    
Borrowings (11,094) (19,774)
Repurchases of common stock and employee tax withholdings (3,681) (2,582)
Cash dividends (1,314) (755)
Other financing activities (102) (30)
Net cash provided by (used for) financing activities 9,291 9,564
Effect of exchange rate changes on cash and cash equivalents (1,327) (1,418)
Net increase (decrease) in cash and cash equivalents 8,361 12,464
Cash and cash equivalents, at beginning of period 127,725 105,654
Cash and cash equivalents, at end of period 136,086 118,118
Supplemental Disclosure of Cash Flow Information    
Cash payments for interest 623 586
Cash payments for income taxes, net of refunds $ 383 $ 339