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Consolidated Cash Flow Statement - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income $ 9,805 $ 7,689
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Stock-based compensation expense 1,231 1,348
Depreciation and amortization 3,516 2,850
Provision for credit losses 149 529
Other operating adjustments 121 44
Changes in assets and liabilities:    
Trading assets, net of Trading liabilities 12,358 (53,171)
Securities borrowed (11,321) 12,458
Securities loaned 2,398 (2,615)
Customer and other receivables and other assets (10,317) 3,884
Customer and other payables and other liabilities 12,556 (15,265)
Securities purchased under agreements to resell (26,612) 12,338
Securities sold under agreements to repurchase (4,322) 14,127
Net cash provided by (used for) operating activities (10,438) (15,784)
Proceeds from (payments for):    
Other assets—Premises, equipment and software (2,583) (2,483)
Changes in loans, net (13,934) (4,186)
AFS securities:    
Purchases (27,717) (9,522)
Proceeds from sales 5,540 5,315
Proceeds from paydowns and maturities 15,616 12,017
HTM securities:    
Purchases (3,523) 0
Proceeds from paydowns and maturities 8,279 4,922
Other investing activities (988) (346)
Net cash provided by (used for) investing activities (19,310) 5,717
Net proceeds from (payments for):    
Other secured financings 1,384 146
Deposits 11,519 (11,188)
Issuance of preferred stock, net of issuance costs 995 0
Proceeds from issuance of Borrowings 80,369 60,916
Payments for:    
Borrowings (54,596) (48,847)
Repurchases of common stock and employee tax withholdings (3,347) (4,836)
Cash dividends (4,553) (4,286)
Other financing activities (270) (325)
Net cash provided by (used for) financing activities 31,501 (8,420)
Effect of exchange rate changes on cash and cash equivalents 99 (1,239)
Net increase (decrease) in cash and cash equivalents 1,852 (19,726)
Cash and cash equivalents, at beginning of period 89,232 128,127
Cash and cash equivalents, at end of period 91,084 108,401
Supplemental Disclosure of Cash Flow Information    
Cash payments for interest 34,498 30,299
Cash payments for income taxes, net of refunds $ 1,449 $ 1,248