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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 $ 2,770 $ 1,427 $ 2,512
Adjustments to reconcile net income to net cash provided by operating activities:      
(Benefit from) provision for credit losses (377) 1,097 471
Depreciation, amortization and accretion 349 492 472
Stock-based compensation expense 120 123 132
Benefit from deferred income taxes (14) (162) (246)
Securities losses (gains), net 16 (69) (50)
MSR fair value adjustment 139 565 376
Net gains on sales of loans and fair value adjustments on loans held for sale (335) (291) (137)
Net losses on disposition and impairment of bank premises and equipment and operating lease equipment 10 26 24
Gain on sale of HSA deposit portfolio (60) 0 0
Gain on sale of Worldpay, Inc. shares 0 0 (562)
Gain on the TRA associated with Worldpay, Inc. (46) (74) (346)
Proceeds from sales of loans held for sale 17,204 12,481 8,157
Loans originated or purchased for sale, net of repayments (16,888) (14,767) (8,896)
Dividends representing return on equity investments 55 17 66
Net change in:      
Equity and trading debt securities 15 12 (29)
Other assets (37) (855) 20
Accrued taxes, interest and expenses and other liabilities (217) 349 (140)
Net Cash Provided by Operating Activities 2,704 371 1,824
Proceeds from sales:      
AFS securities and other investments 3,125 1,743 10,596
Loans and leases 718 157 259
Bank premises and equipment 19 33 90
Proceeds from repayments / maturities of AFS and HTM securities and other investments 6,079 3,646 2,271
Purchases:      
AFS securities and other investments (11,713) (5,266) (13,959)
Bank premises and equipment (309) (305) (243)
MSRs (381) (44) (26)
Proceeds from settlement of BOLI 24 19 28
Proceeds from sales and dividends representing return of equity investments 63 69 1,057
Cash (paid on) received for acquisitions and divestitures (297) (4) 1,210
Net cash paid on sale of HSA deposit portfolio (431) 0 0
Net change in:      
Other short-term investments and federal funds sold (1,172) (31,446) (612)
Portfolio loans and leases (3,721) (451) (1,407)
Operating lease equipment 28 (53) (61)
Net Cash Used in Investing Activities (7,968) (31,902) (797)
Financing Activities      
Net change in deposits 10,734 32,019 3,742
Net change in other short-term borrowings and federal funds purchased (193) 182 (1,494)
Dividends paid on common and preferred stock (897) (858) (753)
Proceeds from issuance of long-term debt 562 2,557 3,866
Repayment of long-term debt (3,603) (2,799) (4,212)
Repurchase of treasury stock and related forward contract (1,393) 0 (1,763)
Issuance of preferred stock 0 346 242
Other (99) (47) (58)
Net Cash Provided by (Used in) Financing Activities 5,111 31,400 (430)
(Decrease) Increase in Cash and Due from Banks (153) (131) 597
Cash and Due from Banks at Beginning of Period 3,147 3,278 2,681
Cash and Due from Banks at End of Period $ 2,994 $ 3,147 $ 3,278