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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Activities    
Net income attributable to U.S. Bancorp $ 1,338 $ 1,046
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 481 755
Depreciation and amortization of premises and equipment 69 62
Amortization of intangibles 71 75
Provision for deferred income taxes 73 (50)
Gain on sales of securities and other assets, net (1,049) (149)
Loans originated for sale in the secondary market, net of repayments (18,301) (11,327)
Proceeds from sales of loans held for sale 20,869 15,551
Other, net (460) 265
Net cash provided by operating activities 3,091 6,228
Investing Activities    
Proceeds from sales of available-for-sale investment securities 200 141
Proceeds from maturities of held-to-maturity investment securities 810 102
Proceeds from maturities of available-for-sale investment securities 4,045 3,189
Purchases of held-to-maturity investment securities (3,451) (6,524)
Purchases of available-for-sale investment securities (4,738) (3,896)
Net increase in loans outstanding (2,117) (672)
Proceeds from sales of loans 192 234
Purchases of loans (783) (581)
Acquisitions, net of cash acquired 108 650
Other, net (48) (131)
Net cash used in investing activities (5,782) (7,488)
Financing Activities    
Net increase in deposits 2,420 2,254
Net decrease in short-term borrowings (3,015) (1,652)
Proceeds from issuance of long-term debt 1,085 370
Principal payments or redemption of long-term debt (2,679) (378)
Proceeds from issuance of preferred stock 1,088  
Proceeds from issuance of common stock 98 94
Repurchase of common stock (438)  
Cash dividends paid on preferred stock (30) (19)
Cash dividends paid on common stock (239) (96)
Net cash provided by (used in) financing activities (1,710) 573
Change in cash and due from banks (4,401) (687)
Cash and due from banks at beginning of period 13,962 14,487
Cash and due from banks at end of period $ 9,561 $ 13,800