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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income attributable to U.S. Bancorp $ 5,428 $ 5,240
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 1,109 1,011
Depreciation and amortization of premises and equipment 248 226
Amortization of intangibles 124 120
(Gain) loss on sale of loans held for sale (504) (330)
(Gain) loss on sale of securities and other assets (351) (309)
Loans originated for sale in the secondary market, net of repayments (24,795) (23,418)
Proceeds from sales of loans held for sale 23,146 23,747
Other, net 546 1,627
Net cash provided by operating activities 4,951 7,914
Investing Activities    
Proceeds from sales of available-for-sale investment securities 5,776 1,304
Proceeds from maturities of held-to-maturity investment securities 6,256 5,072
Proceeds from maturities of available-for-sale investment securities 7,885 8,757
Purchases of held-to-maturity investment securities (6,701) (8,229)
Purchases of available-for-sale investment securities (20,383) (6,848)
Net increase in loans outstanding (8,411) (3,241)
Proceeds from sales of loans 1,604 2,608
Purchases of loans (2,818) (2,748)
Net increase in securities purchased under agreements to resell (3,687) (223)
Other, net (892) (672)
Net cash used in investing activities (21,371) (4,220)
Financing Activities    
Net increase (decrease) in deposits 14,240 (16,037)
Net increase in short-term borrowings 440 7,217
Proceeds from issuance of long-term debt 7,968 10,082
Principal payments or redemption of long-term debt (8,225) (1,326)
Proceeds from issuance of preferred stock   565
Proceeds from issuance of common stock 51 73
Repurchase of common stock (2,232) (2,004)
Cash dividends paid on preferred stock (223) (198)
Cash dividends paid on common stock (1,780) (1,489)
Net cash provided by (used in) financing activities 10,239 (3,117)
Change in cash and due from banks (6,181) 577
Cash and due from banks at beginning of period 21,453 19,505
Cash and due from banks at end of period $ 15,272 $ 20,082