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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income attributable to U.S. Bancorp $ 1,557 $ 2,280
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 112 (827)
Depreciation and amortization of premises and equipment 85 84
Amortization of intangibles 47 38
(Gain) loss on sale of loans held for sale 62 (213)
(Gain) loss on sale of securities and other assets (42) (66)
Loans originated for sale, net of repayments (9,827) (20,928)
Proceeds from sales of loans held for sale 13,874 20,397
Other, net 2,609 172
Net cash provided by operating activities 8,477 937
Investing Activities    
Proceeds from sales of available-for-sale investment securities 12,527 1,062
Proceeds from maturities of held-to-maturity investment securities 1,173  
Proceeds from maturities of available-for-sale investment securities 5,498 12,550
Purchases of held-to-maturity investment securities (2,932)  
Purchases of available-for-sale investment securities (15,989) (36,182)
Net (increase) decrease in loans outstanding (7,278) 3,562
Proceeds from sales of loans 1,309 1,062
Purchases of loans (1,073) (1,600)
Net increase in securities purchased under agreements to resell (147) (26)
Other, net (452) 106
Net cash used in investing activities (7,364) (19,466)
Financing Activities    
Net increase in deposits 5,463 3,991
Net increase in short-term borrowings 9,246 332
Proceeds from issuance of long-term debt 2,153 69
Principal payments or redemption of long-term debt (1,118) (3,830)
Proceeds from issuance of preferred stock 437 730
Proceeds from issuance of common stock 15 17
Repurchase of preferred stock (1,100) (500)
Repurchase of common stock (54) (646)
Cash dividends paid on preferred stock (70) (76)
Cash dividends paid on common stock (687) (637)
Net cash provided by (used in) financing activities 14,285 (550)
Change in cash and due from banks 15,398 (19,079)
Cash and due from banks at beginning of period 28,905 62,580
Cash and due from banks at end of period $ 44,303 $ 43,501