10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2009 | |||
Statement Of Cash Flows Indirect Deposit Based Operations | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Operating activities | |||
| Net income | $ 6,276 | 4,008 | 14,982 |
| Reconciliation of net income to net cash provided by operating activities: | |||
| Provision for credit losses | 48,570 | 26,825 | 8,385 |
| Gains on sales of debt securities | (4,723) | (1,124) | (180) |
| Depreciation and premises improvements amortization | 2,336 | 1,485 | 1,168 |
| Amortization of intangibles | 1,978 | 1,834 | 1,676 |
| Deferred income tax expense (benefit) | 370 | (5,801) | (753) |
| Net decrease (increase) in trading and derivative instruments | 59,822 | (16,973) | (8,108) |
| Net decrease (increase) in other assets | 28,553 | (6,391) | (15,855) |
| Net (decrease) increase in accrued expenses and other liabilities | (16,601) | (8,885) | 4,190 |
| Other operating activities, net | 3,150 | 9,056 | 5,531 |
| Net cash provided by operating activities | 129,731 | 4,034 | 11,036 |
| Investing activities | |||
| Net decrease in time deposits placed and other short-term investments | 19,081 | 2,203 | 2,191 |
| Net decrease in federal funds sold and securities borrowed or purchased under agreements to resell | 31,369 | 53,723 | 6,294 |
| Proceeds from sales of available-for-sale debt securities | 164,155 | 120,972 | 28,107 |
| Proceeds from paydowns and maturities of available-for-sale debt securities | 59,949 | 26,068 | 19,233 |
| Purchases of available-for-sale debt securities | (185,145) | (184,232) | (28,016) |
| Proceeds from maturities of held-to-maturity debt securities | 2,771 | 741 | 630 |
| Purchases of held-to-maturity debt securities | (3,914) | (840) | (314) |
| Proceeds from sales of loans and leases | 7,592 | 52,455 | 57,875 |
| Other changes in loans and leases, net | 21,257 | (69,574) | (177,665) |
| Net purchases of premises and equipment | (2,240) | (2,098) | (2,143) |
| Proceeds from sales of foreclosed properties | 1,997 | 1,187 | 104 |
| Cash received (paid) upon acquisition, net | 31,804 | 6,650 | (19,816) |
| Other investing activities, net | 9,249 | (10,185) | 5,040 |
| Net cash provided by (used in) investing activities | 157,925 | (2,930) | (108,480) |
| Financing activities | |||
| Net increase in deposits | 10,507 | 14,830 | 45,368 |
| Net decrease in federal funds purchased and securities loaned or sold under agreements to repurchase | (62,993) | (34,529) | (1,448) |
| Net (decrease) increase in commercial paper and other short-term borrowings | (126,426) | (33,033) | 32,840 |
| Proceeds from issuance of long-term debt | 67,744 | 43,782 | 67,370 |
| Retirement of long-term debt | (101,207) | (35,072) | (28,942) |
| Proceeds from issuance of preferred stock | 49,244 | 34,742 | 1,558 |
| Repayment of preferred stock | (45,000) | 0 | 0 |
| Proceeds from issuance of common stock | 13,468 | 10,127 | 1,118 |
| Common stock repurchased | 0 | 0 | (3,790) |
| Cash dividends paid | (4,863) | (11,528) | (10,878) |
| Excess tax benefits of share-based payments | 0 | 42 | 254 |
| Other financing activities, net | (42) | (56) | (38) |
| Net cash provided by (used in) financing activities | (199,568) | (10,695) | 103,412 |
| Effect of exchange rate changes on cash and cash equivalents | 394 | (83) | 134 |
| Net increase (decrease) in cash and cash equivalents | 88,482 [1] | (9,674) | 6,102 |
| Cash and cash equivalents at January 1 | 32,857 | 42,531 | |
| Cash and cash equivalents at December 31 | 121,339 | 32,857 | 42,531 |
| Supplemental cash flow disclosures | |||
| Cash paid for interest | 37,602 | 36,387 | 51,829 |
| Cash paid for income taxes | 2,933 | 4,700 | 9,196 |
| [1] During 2009, the Corporation exchanged $14.8 billion of preferred stock by issuing 1.0 billion shares of common stock valued at $11.5 billion. During 2009, the Corporation transferred credit card loans of $8.5 billion and the related allowance for loan and lease losses of $750 million in exchange for a $7.8 billion held-to-maturity debt security that was issued by the Corporation's U.S. Credit Card Securitization Trust. The fair values of noncash assets acquired and liabilities assumed in the Merrill Lynch | |||
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |