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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:    
Net income $ 2,021 $ 1,683
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 1,737 327
Depreciation 476 212
Amortization of intangibles 343 64
Equity-based compensation expense 176 80
(Gain) loss on securities, net (298) 0
Net change in operating assets and liabilities:    
LHFS 894 (326)
MSRs 553 140
Pension asset (367) (572)
Trading assets 1,909 (1,038)
Other assets and other liabilities (3,147) (592)
Other, net 307 211
Net cash from operating activities 4,604 189
Cash Flows From Investing Activities:    
Proceeds from sales of AFS securities 2,027 4,110
Proceeds from maturities, calls and paydowns of AFS securities 7,352 1,848
Purchases of AFS securities (8,663) (5,828)
Proceeds from maturities, calls and paydowns of HTM securities 0 1,051
Originations and purchases of loans and leases, net of sales and principal collected (12,775) (3,947)
Net cash received (paid) for FHLB stock 535 (8)
Net cash received (paid) for securities borrowed or purchased under resale agreements 72 (5)
Net cash paid for premises and equipment (586) (64)
Net cash received (paid) for mergers, acquisitions and divestitures (79) 0
Other, net 148 31
Net cash from investing activities (11,969) (2,812)
Cash Flows From Financing Activities:    
Net change in deposits 41,547 (1,573)
Net change in short-term borrowings (12,516) 5,166
Proceeds from issuance of long-term debt 25,796 2,033
Repayment of long-term debt (25,912) (3,396)
Net proceeds from preferred stock issued 2,544 0
Redemption of preferred stock (503) 0
Cash dividends paid on common stock (1,210) (619)
Cash dividends paid on preferred stock (127) (87)
Other, net (122) (192)
Net cash from financing activities 29,497 1,332
Net Change in Cash and Cash Equivalents 22,132 (1,291)
Cash and Cash Equivalents, January 1 19,065 3,844
Cash and Cash Equivalents, June 30 41,197 2,553
Supplemental Disclosure of Cash Flow Information:    
Net cash paid (received) during the period for interest expense 1,292 993
Net cash paid (received) during the period for income taxes $ 72 $ 324