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Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income before noncontrolling interests $ 886 $ 1,190
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 207 54
Changes in fair values of equity warrant assets, net of proceeds from exercises (20) (40)
Changes in fair values of derivatives, net 121 7
Losses (Gains) on investment securities, net 72 (472)
Distributions of earnings from non-marketable and other equity securities 29 104
Depreciation and amortization 100 61
Amortization of premiums and discounts on investment securities, net 191 166
Amortization of share-based compensation 94 55
Amortization of deferred loan fees (133) (115)
Deferred income tax (benefit) expense (53) 33
Excess tax benefit from exercise of stock options and vesting of restricted shares (20) (30)
Changes in other assets and liabilities:    
Accrued interest receivable and payable, net (61) (86)
Accounts receivable and payable, net (3) 18
Income tax receivable and payable, net 96 (49)
Accrued compensation (452) (137)
Other, net 357 (64)
Net cash provided by operating activities 1,411 695
Cash flows from investing activities:    
Purchases of AFS securities (10,351) (2,289)
Sales proceeds 8,511 0
Proceeds from maturities and paydowns of AFS securities 853 2,948
Purchases of HTM securities (4,961) (42,683)
Proceeds from maturities and paydowns of HTM securities 7,140 5,104
Purchases of non-marketable and other equity securities (219) (75)
Proceeds from sales and distributions of capital of non-marketable and other securities 71 568
Net increase in loans (4,607) (5,573)
Purchases of premises and equipment (65) (41)
Net cash used for investing activities (3,628) (42,041)
Cash flows from financing activities:    
Net (decrease) increase in deposits (1,258) 43,856
Net increase in short-term borrowings 3,582 13
Proceeds from issuance of long-term debt 797 990
(Distributions to noncontrolling interests), net of contributions from noncontrolling interests (13) (51)
Net proceeds from the issuance of preferred stock 0 1,724
Payment of preferred stock dividend (83) (17)
Proceeds from issuance of common stock, ESPP and ESOP, net of restricted stock awards (29) 1,115
Net cash provided by financing activities 2,996 47,630
Net increase in cash and cash equivalents 779 6,284
Cash and cash equivalents at beginning of period 14,619 17,675
Cash and cash equivalents at end of period 15,398 23,959
Cash paid during the period for:    
Interest 138 31
Income taxes 252 370
Noncash items during the period:    
Changes in unrealized gains and losses on AFS securities, net of tax (1,143) (400)
Distributions of stock from investments 0 43
Transfers from AFS securities to HTM $ 0 $ 5,766