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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income attributable to U.S. Bancorp $ 4,900 $ 6,290
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 785 (1,160)
Depreciation and amortization of premises and equipment 255 253
Amortization of intangibles 130 119
(Gain) loss on sale of loans held for sale 136 (950)
(Gain) loss on sale of securities and other assets (173) (297)
Loans originated for sale, net of repayments (26,357) (56,256)
Proceeds from sales of loans held for sale 28,701 58,517
Other, net 5,854 2,651
Net cash provided by operating activities 14,231 9,167
Investing Activities    
Proceeds from sales of available-for-sale investment securities 15,392 13,383
Proceeds from maturities of held-to-maturity investment securities 4,148  
Proceeds from maturities of available-for-sale investment securities 12,407 33,740
Purchases of held-to-maturity investment securities (6,941)  
Purchases of available-for-sale investment securities (19,377) (62,764)
Net increase in loans outstanding (30,380) (1,157)
Proceeds from sales of loans 3,050 4,228
Purchases of loans (1,932) (3,278)
Net increase in securities purchased under agreements to resell (37) (41)
Other, net (3,407) 120
Net cash used in investing activities (27,077) (15,769)
Financing Activities    
Net increase in deposits 15,065 13,132
Net increase in short-term borrowings 13,270 4,322
Proceeds from issuance of long-term debt 5,631 1,211
Principal payments or redemption of long-term debt (5,398) (6,603)
Proceeds from issuance of preferred stock 437 730
Proceeds from issuance of common stock 16 38
Repurchase of preferred stock (1,100) (1,250)
Repurchase of common stock (55) (1,537)
Cash dividends paid on preferred stock (213) (223)
Cash dividends paid on common stock (2,060) (1,894)
Net cash provided by financing activities 25,593 7,926
Change in cash and due from banks 12,747 1,324
Cash and due from banks at beginning of period 28,905 62,580
Cash and due from banks at end of period $ 41,652 $ 63,904