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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities:    
Net income $ 1,063 $ 798
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 893 155
Depreciation 234 105
Amortization of intangibles 165 32
Equity-based compensation expense 79 32
(Gain) loss on securities, net 2 0
Net change in operating assets and liabilities:    
LHFS 2,898 77
MSRs 480 73
Pension asset (336) (561)
Trading assets 1,870 (1,133)
Other assets and other liabilities (3,318) (445)
Other, net 598 122
Net cash from operating activities 4,628 (745)
Cash Flows From Investing Activities:    
Proceeds from sales of AFS securities 1,506 1,797
Proceeds from maturities, calls and paydowns of AFS securities 2,513 861
Purchases of AFS securities (4,029) (3,525)
Proceeds from maturities, calls and paydowns of HTM securities 0 450
Originations and purchases of loans and leases, net of sales and principal collected (18,024) (193)
Net cash received (paid) for FHLB stock (651) 76
Net cash received (paid) for securities borrowed or purchased under resale agreements (379) (109)
Net cash paid for premises and equipment (464) (34)
Net cash received (paid) for mergers, acquisitions and divestitures (62) 0
Other, net 75 91
Net cash from investing activities (19,515) (586)
Cash Flows From Financing Activities:    
Net change in deposits 15,474 (1,432)
Net change in short-term borrowings (5,522) 1,127
Proceeds from issuance of long-term debt 24,288 2,015
Repayment of long-term debt (782) (1,103)
Redemption of preferred stock (503) 0
Cash dividends paid on common stock (605) (309)
Cash dividends paid on preferred stock (74) (43)
Other, net (106) (48)
Net cash from financing activities 32,170 207
Net Change in Cash and Cash Equivalents 17,283 (1,124)
Cash and Cash Equivalents, January 1 19,065 3,844
Cash and Cash Equivalents, March 31 36,348 2,720
Supplemental Disclosure of Cash Flow Information:    
Net cash paid (received) during the period for interest expense 758 419
Net cash paid (received) during the period for income taxes $ 11 $ 62