XML 78 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Income from continuing operations, net of tax $ 3,104 $ 3,453
Income (loss) from discontinued operations, net of tax 26 (24)
Net income 3,130 3,429
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for Loan, lease and Other losses 3,156 2,432
Depreciation and amortization, net 1,558 1,532
Net gain on sales of securities available for sale (4) (18)
Impairment losses on securities available for sale 27 15
Gain on sales of loans held for sale (75) (35)
Stock plan compensation expense 121 167
Loans held for sale:    
Originations and purchases (5,080) (3,355)
Proceeds from sales and paydowns 5,270 3,171
Changes in operating assets and liabilities:    
(Increase) decrease in interest receivable (19) 150
(Increase) decrease in other assets (193) 607
Decrease in interest payable (56) (58)
Increase (decrease) in other liabilities 1,234 (375)
Net cash (used) provided by discontinued operations (64) 39
Net cash provided by operating activities 9,005 7,701
Securities available for sale:    
Purchases (9,268) (10,034)
Proceeds from paydowns and maturities 6,067 5,714
Proceeds from sales 3,211 6,827
Securities held to maturity:    
Purchases (2,865) (4,044)
Proceeds from paydowns and maturities 1,657 1,003
Loans:    
Net increase in loans held for investment (8,678) (8,351)
Principal recoveries of loans previously charged off 1,156 1,203
Purchases of premises and equipment (411) (405)
Net cash used by other investing activities (429) 0
Net cash used by investing activities (9,560) (8,087)
Financing activities:    
(Increase) decrease in restricted cash for securitization investors (352) 469
Net increase (decrease) in deposits 7,348 (265)
Issuance of securitized debt obligations 4,139 2,995
Maturities and paydowns of securitized debt obligations (175) (2,808)
Issuance of senior and subordinated notes and long-term FHLB advances 14,536 7,713
Maturities and paydowns of senior and subordinated notes and long-term FHLB advances (8,443) (2,375)
Net decrease in other short-term borrowings (16,035) (4,030)
Common stock:    
Net proceeds from issuances 84 73
Dividends paid (602) (513)
Preferred stock:    
Proceeds from Issuance of Preferred Stock and Preference Stock 1,472 484
Dividends paid (90) (46)
Purchases of treasury stock (1,815) (1,543)
Proceeds from share-based payment activities 83 89
Net cash provided by financing activities 150 243
Decrease in cash and cash equivalents (405) (143)
Cash and cash equivalents at beginning of the period 7,242 6,291
Cash and cash equivalents at end of the period 6,837 6,148
Non-cash items:    
Net transfers from loans held for investment to loans held for sale 271 38
Interest paid 1,321 1,248
Income tax paid $ 1,117 $ 1,109