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: 2010 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Operating activities | |||
| Net income (loss) | $ (2,238) | 6,276 | 4,008 |
| Reconciliation of net income (loss) to net cash provided by operating activities: | |||
| Provision for credit losses | 28,435 | 48,570 | 26,825 |
| Goodwill impairment charges | 12,400 | ||
| Gains on sales of debt securities | (2,526) | (4,723) | (1,124) |
| Depreciation and premises improvements amortization | 2,181 | 2,336 | 1,485 |
| Amortization of intangibles | 1,731 | 1,978 | 1,834 |
| Deferred income tax expense (benefit) | 608 | 370 | (5,801) |
| Net (increase) decrease in trading and derivative instruments | 20,775 | 59,822 | (16,973) |
| Net (increase) decrease in other assets | 5,213 | 28,553 | (6,391) |
| Net increase (decrease) in accrued expenses and other liabilities | 14,069 | (16,601) | (8,885) |
| Other operating activities, net | 1,946 | 3,150 | 9,056 |
| Net cash provided by operating activities | 82,594 | 129,731 | 4,034 |
| Investing activities | |||
| Net (increase) decrease in time deposits placed and other short-term investments | (2,154) | 19,081 | 2,203 |
| Net (increase) decrease in federal funds sold and securities borrowed or purchased under agreements to resell | (19,683) | 31,369 | 53,723 |
| Proceeds from sales of available-for-sale debt securities | 100,047 | 164,155 | 120,972 |
| Proceeds from paydowns and maturities of available-for-sale debt securities | 70,868 | 59,949 | 26,068 |
| Purchases of available-for-sale debt securities | (199,159) | (185,145) | (184,232) |
| Proceeds from maturities of held-to-maturity debt securities | 11 | 2,771 | 741 |
| Purchases of held-to-maturity debt securities | (100) | (3,914) | (840) |
| Proceeds from sales of loans and leases | 8,046 | 7,592 | 52,455 |
| Other changes in loans and leases, net | (2,550) | 21,257 | (69,574) |
| Net purchases of premises and equipment | (987) | (2,240) | (2,098) |
| Proceeds from sales of foreclosed properties | 3,107 | 1,997 | 1,187 |
| Cash received upon acquisition, net | 31,804 | 6,650 | |
| Cash received due to impact of adoption of new consolidation guidance | 2,807 | ||
| Other investing activities, net | 9,400 | 9,249 | (10,185) |
| Net cash provided by (used in) investing activities | (30,347) | 157,925 | (2,930) |
| Financing activities | |||
| Net increase (decrease) in deposits | 36,598 | 10,507 | 14,830 |
| Net increase (decrease) in federal funds purchased and securities loaned or sold under agreements to repurchase | (9,826) | (62,993) | (34,529) |
| Net decrease in commercial paper and other short-term borrowings | (31,698) | (126,426) | (33,033) |
| Proceeds from issuance of long-term debt | 52,215 | 67,744 | 43,782 |
| Retirement of long-term debt | (110,919) | (101,207) | (35,072) |
| Proceeds from issuance of preferred stock | 49,244 | 34,742 | |
| Repayment of preferred stock | (45,000) | ||
| Proceeds from issuance of common stock | 13,468 | 10,127 | |
| Cash dividends paid | (1,762) | (4,863) | (11,528) |
| Excess tax benefits on share-based payments | 0 | 42 | |
| Other financing activities, net | 5 | (42) | (56) |
| Net cash used in financing activities | (65,387) | (199,568) | (10,695) |
| Effect of exchange rate changes on cash and cash equivalents | 228 | 394 | (83) |
| Net increase (decrease) in cash and cash equivalents | (12,912) | 88,482 | (9,674) |
| Cash and cash equivalents at January 1 | 121,339 | 32,857 | 42,531 |
| Cash and cash equivalents at December 31 | 108,427 | 121,339 | 32,857 |
| Supplemental cash flow disclosures | |||
| Interest paid | 21,166 | 37,602 | 36,387 |
| Income taxes paid | 1,465 | 2,964 | 4,816 |
| Income taxes refunded | (7,783) | (31) | (116) |
| Error Corrections and Prior Period Adjustments Restatement by Restatement Period and Amount | |||
| Reported Basis | |||
| Cash and cash equivalents at January 1 | 121,339 | 32,857 | 32,857 |
| Cash and cash equivalents at December 31 | 121,339 | 32,857 | 32,857 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2010 | |
| 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 |