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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 48,334 $ 29,131 $ 36,431
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:      
Provision for credit losses (9,256) 17,480 5,585
Depreciation and amortization 7,932 8,614 8,368
Deferred tax (benefit)/expense(a) [1] 3,748 (3,573) 1,270
Other 3,274 1,649 1,996
Originations and purchases of loans held-for-sale (347,864) (166,504) (169,289)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 336,413 175,490 171,415
Net change in:      
Trading assets 85,710 (148,749) 6,551
Securities borrowed (45,635) (20,734) (27,631)
Accrued interest and accounts receivable (12,401) (18,012) (78)
Other assets [1] (11,745) (42,430) (17,777)
Trading liabilities (23,190) 77,198 (14,516)
Accounts payable and other liabilities [1] 43,162 7,415 (466)
Other operating adjustments (398) 3,115 2,233
Net cash provided by/(used in) operating activities 78,084 (79,910) 4,092
Net change in:      
Federal funds sold and securities purchased under resale agreements 34,473 (47,115) 72,396
Held-to-maturity securities:      
Proceeds from paydowns and maturities 50,897 21,360 3,423
Purchases (111,756) (12,400) (13,427)
Available-for-sale securities:      
Proceeds from paydowns and maturities 50,075 57,675 52,200
Proceeds from sales 162,748 149,758 70,181
Purchases (248,785) (397,145) (242,149)
Proceeds from sales and securitizations of loans held-for-investment 35,845 23,559 62,095
Other changes in loans, net (91,797) (50,263) (51,743)
All other investing activities, net (11,044) (7,341) (5,035)
Net cash (used in) investing activities (129,344) (261,912) (52,059)
Net change in:      
Deposits 293,764 602,765 101,002
Federal funds purchased and securities loaned or sold under repurchase agreements (20,799) 31,528 1,347
Short-term borrowings 7,773 4,438  
Short-term borrowings     (28,561)
Beneficial interests issued by consolidated VIEs (4,254) 1,347 4,289
Proceeds from long-term borrowings 82,409 78,686 61,085
Payments of long-term borrowings (54,932) (105,055) (69,610)
Proceeds from issuance of preferred stock 7,350 4,500 5,000
Redemption of preferred stock (2,575) (1,430) (4,075)
Treasury stock repurchased (18,408) (6,517) (24,001)
Dividends paid (12,858) (12,690) (12,343)
All other financing activities, net (1,477) (927) (1,146)
Net cash provided by financing activities 275,993 596,645 32,987
Effect of exchange rate changes on cash and due from banks and deposits with banks (11,508) 9,155 (182)
Net increase/(decrease) in cash and due from banks and deposits with banks 213,225 263,978 (15,162)
Cash and due from banks and deposits with banks at the beginning of the period 527,609 263,631 278,793
Cash and due from banks and deposits with banks at the end of the period 740,834 527,609 263,631
Cash interest paid 5,142 13,077 29,918
Cash income taxes paid, net [1] $ 18,737 $ 8,140 $ 6,224
[1] Prior-period amounts have been revised to conform with the current presentation. Refer to Note 25 for further information on revisions to operating activities.