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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income attributable to U.S. Bancorp $ 3,088 $ 4,262
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 423 (997)
Depreciation and amortization of premises and equipment 170 168
Amortization of intangibles 87 78
(Gain) loss on sale of loans held for sale 192 (584)
(Gain) loss on sale of securities and other assets (67) (192)
Loans originated for sale, net of repayments (17,325) (37,211)
Proceeds from sales of loans held for sale 20,564 39,789
Other, net 3,594 1,207
Net cash provided by operating activities 10,726 6,520
Investing Activities    
Proceeds from sales of available-for-sale investment securities 14,797 5,567
Proceeds from maturities of held-to-maturity investment securities 2,407  
Proceeds from maturities of available-for-sale investment securities 9,665 23,685
Purchases of held-to-maturity investment securities (6,288)  
Purchases of available-for-sale investment securities (18,240) (54,911)
Net (increase) decrease in loans outstanding (20,072) 727
Proceeds from sales of loans 1,671 2,386
Purchases of loans (1,698) (2,574)
Net (increase) decrease in securities purchased under agreements to resell (154) 131
Other, net (1,604) (367)
Net cash used in investing activities (19,516) (25,356)
Financing Activities    
Net increase in deposits 11,019 7,412
Net increase in short-term borrowings 13,167 1,647
Proceeds from issuance of long-term debt 2,206 1,152
Principal payments or redemption of long-term debt (5,154) (5,928)
Proceeds from issuance of preferred stock 437 730
Proceeds from issuance of common stock 16 36
Repurchase of preferred stock (1,100) (1,250)
Repurchase of common stock (55) (1,537)
Cash dividends paid on preferred stock (154) (165)
Cash dividends paid on common stock (1,373) (1,268)
Net cash provided by financing activities 19,009 829
Change in cash and due from banks 10,219 (18,007)
Cash and due from banks at beginning of period 28,905 62,580
Cash and due from banks at end of period $ 39,124 $ 44,573