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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 1,052 $ 614 $ 552
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision (benefit) for loan losses (86) (168) (149)
Depreciation and amortization (including amortization and accretion on investment securities) 244 262 239
Gains on securities and other, net (53) (28) (42)
Losses on early extinguishment of debt 4 58 0
Share-based compensation 46 41 30
Deferred tax expense 339 450 275
Other 18 (7) (5)
Net effect of changes in assets and liabilities:      
Decrease (increase) in receivables from brokers, dealers and clearing organizations 418 (134) (528)
(Increase) decrease in margin receivables (489) (2,340) 667
Decrease (increase) in other assets 159 (49) (3)
(Decrease) increase in payables to brokers, dealers and clearing organizations (594) 559 (593)
Increase in customer payables 668 1,290 1,615
(Decrease) increase in other liabilities (40) 34 (14)
Net cash provided by operating activities 1,686 582 2,044
Cash flows from investing activities:      
Purchases of available-for-sale securities (8,386) (9,819) (6,705)
Proceeds from sales of available-for-sale securities 7,423 1,645 3,194
Proceeds from maturities of and principal payments on available-for-sale securities 1,944 1,588 1,540
Purchases of held-to-maturity securities (4,163) (10,519) (4,389)
Proceeds from maturities of and principal payments on held-to-maturity securities 2,395 2,556 2,068
Proceeds from sales of loans 30 40 0
Decrease in loans receivable 609 983 1,176
Capital expenditures for property and equipment (112) (102) (75)
Proceeds from sale of real estate owned and repossessed assets 24 29 20
Acquisitions, net of cash acquired (150) 0 (723)
Net cash flow from derivative contracts 221 66 (109)
Other (25) (43) 4
Net cash used in investing activities (190) (13,576) (3,999)
Cash flows from financing activities:      
Increase in deposits 1,781 11,060 2,237
Common stock dividends (36) 0 0
Preferred stock dividends (36) (25) 0
Net decrease in securities sold under agreements to repurchase 0 0 (82)
Net (decrease) increase in advances from FHLB (500) 500 0
Proceeds from issuance of senior notes 420 999 0
Payments on senior notes 0 (1,049) 0
Payments on trust preferred securities (413) 0 0
Proceeds from issuance of preferred stock 0 300 400
Repurchases of common stock (1,139) (362) (452)
Other (32) (36) (28)
Net cash provided by financing activities 45 11,387 2,075
Increase (decrease) in cash, cash equivalents and segregated cash 1,541 (1,607) 120
Cash, cash equivalents and segregated cash, beginning of period 1,803 3,410 3,290
Cash, cash equivalents and segregated cash, end of period 3,344 1,803 3,410
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Cash and equivalents, end of period 2,333 931 1,950
Segregated cash, end of period 1,011 872 1,460
Cash, cash equivalents and segregated cash, end of period 3,344 1,803 3,410
Supplemental disclosures:      
Cash paid for interest 157 126 77
Cash paid for income taxes, net of refunds 11 8 6
Non-cash investing and financing activities:      
Transfers of loans held-for-investment to loans held-for-sale 0 57 0
Transfers from loans to other real estate owned and repossessed assets 15 27 34
Conversion of convertible debentures to common stock 0 3 5
Transfer of available-for-sale securities to held-to-maturity securities 1,161 0 492
Transfer of held-to-maturity securities to available-for-sale securities $ 4,672 $ 0 $ 0