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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net Income $ 2,446 $ 2,770 $ 1,427
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (benefit from) credit losses 563 (377) 1,097
Depreciation, amortization and accretion 436 349 492
Stock-based compensation expense 165 120 123
Benefit from deferred income taxes (60) (14) (162)
Securities losses (gains), net 84 16 (69)
MSR fair value adjustment (177) 139 565
Net gains on sales of loans and fair value adjustments on loans held for sale (126) (335) (291)
Net (gains) losses on disposition and impairment of bank premises and equipment and operating lease equipment (1) 10 26
Gain on sale of HSA deposit portfolio 0 (60) 0
Gain on the TRA associated with Worldpay, Inc. (46) (46) (74)
Proceeds from sales of loans held for sale 13,123 17,204 12,481
Loans originated or purchased for sale, net of repayments (10,239) (16,888) (14,767)
Dividends representing return on equity investments 50 55 17
Net change in:      
Equity and trading debt securities 70 15 12
Other assets 646 (37) (855)
Accrued taxes, interest and expenses and other liabilities (506) (217) 349
Net Cash Provided by Operating Activities 6,428 2,704 371
Proceeds from sales:      
AFS securities and other investments 4,359 3,125 1,743
Loans and leases 155 718 157
Bank premises and equipment 2 19 33
Proceeds from repayments / maturities of AFS and HTM securities and other investments 4,495 6,079 3,646
Purchases:      
AFS securities and other investments (29,714) (11,713) (5,266)
Bank premises and equipment (348) (309) (305)
MSRs (213) (381) (44)
Proceeds from settlement of BOLI 49 24 19
Proceeds from sales and dividends representing return of equity investments 87 63 69
Net cash received for divestitures 66 0 19
Net cash paid on acquisitions (917) (297) (23)
Net cash paid on sale of HSA deposit portfolio 0 (431) 0
Net change in:      
Other short-term investments 26,224 (1,172) (31,446)
Portfolio loans and leases (8,992) (3,721) (451)
Operating lease equipment (124) 28 (53)
Net Cash Used in Investing Activities (4,871) (7,968) (31,902)
Financing Activities      
Net change in deposits (5,994) 10,734 32,019
Net change in other short-term borrowings and federal funds purchased 3,757 (193) 182
Dividends paid on common and preferred stock (927) (897) (858)
Proceeds from issuance of long-term debt 4,026 562 2,557
Repayment of long-term debt (1,762) (3,603) (2,799)
Repurchase of treasury stock and related forward contract (100) (1,393) 0
Issuance of preferred stock 0 0 346
Other (85) (99) (47)
Net Cash (Used in) Provided by Financing Activities (1,085) 5,111 31,400
Increase (Decrease) in Cash and Due from Banks 472 (153) (131)
Cash and Due from Banks at Beginning of Period 2,994 3,147 3,278
Cash and Due from Banks at End of Period $ 3,466 $ 2,994 $ 3,147