XML 22 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income attributable to U.S. Bancorp $ 1,860 $ 3,520
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 2,730 742
Depreciation and amortization of premises and equipment 175 163
Amortization of intangibles 85 82
(Gain) loss on sale of loans held for sale (867) (248)
(Gain) loss on sale of securities and other assets (227) (209)
Loans originated for sale, net of repayments (26,821) (14,566)
Proceeds from sales of loans held for sale 24,935 12,912
Other, net (369) (491)
Net cash provided by operating activities 1,501 1,905
Investing Activities    
Proceeds from sales of available-for-sale investment securities 13,366 2,535
Proceeds from maturities of held-to-maturity investment securities   3,707
Proceeds from maturities of available-for-sale investment securities 13,945 4,753
Purchases of held-to-maturity investment securities   (4,052)
Purchases of available-for-sale investment securities (30,561) (8,886)
Net increase in loans outstanding (14,245) (5,527)
Proceeds from sales of loans 1,014 1,183
Purchases of loans (1,743) (1,676)
Net decrease (increase) in securities purchased under agreements to resell 627 (3,921)
Other, net (398) 12
Net cash used in investing activities (17,995) (11,872)
Financing Activities    
Net increase in deposits 51,390 7,702
Net (decrease) increase in short-term borrowings (3,128) 893
Proceeds from issuance of long-term debt 12,801 5,610
Principal payments or redemption of long-term debt (11,500) (6,000)
Proceeds from issuance of common stock 10 24
Repurchase of common stock (1,660) (1,441)
Cash dividends paid on preferred stock (150) (151)
Cash dividends paid on common stock (1,282) (1,191)
Net cash provided by financing activities 46,481 5,446
Change in cash and due from banks 29,987 (4,521)
Cash and due from banks at beginning of period 22,405 21,453
Cash and due from banks at end of period $ 52,392 $ 16,932