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: 2014 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating activities | |||
| Net income | $ 4,833 | 11,431 | 4,188 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Provision for credit losses | 2,275 | 3,556 | 8,169 |
| Gains on sales of debt securities | (1,354) | (1,271) | (1,662) |
| Fair value adjustments on structured liabilities | (407) | 649 | 5,107 |
| Depreciation and premises improvements amortization | 1,586 | 1,597 | 1,774 |
| Amortization of intangibles | 936 | 1,086 | 1,264 |
| Net amortization of premium/discount on debt securities | 2,688 | 1,577 | 2,580 |
| Deferred income taxes | 726 | 3,262 | (2,735) |
| Loans held-for-sale: | |||
| Originations and purchases | (40,113) | (65,688) | (59,540) |
| Proceeds from sales and paydowns of loans originally classified as held-for-sale | 38,528 | 77,707 | 54,817 |
| Net change in: | |||
| Trading and derivative instruments | 6,621 | 33,870 | (47,606) |
| Other assets | 2,380 | 35,154 | (11,424) |
| Accrued expenses and other liabilities | 9,702 | (12,919) | 24,061 |
| Other operating activities, net | (1,662) | 2,806 | 4,951 |
| Net cash provided by (used in) operating activities | 26,739 | 92,817 | (16,056) |
| Investing activities | |||
| Net change in: | |||
| Time deposits placed and other short-term investments | 4,030 | 7,154 | 7,310 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | (1,495) | 29,596 | (8,741) |
| Debt securities carried at fair value: | |||
| Proceeds from sales | 159,071 | 119,013 | 74,068 |
| Proceeds from paydowns and maturities | 79,704 | 85,554 | 71,509 |
| Purchases | (280,571) | (175,983) | (164,491) |
| Held-to-maturity debt securities: | |||
| Proceeds from paydowns and maturities | 7,889 | 8,472 | 6,261 |
| Purchases | (13,274) | (14,388) | (20,991) |
| Loans and leases: | |||
| Proceeds from sales | 28,765 | 12,331 | 1,837 |
| Purchases | (10,609) | (16,734) | (9,178) |
| Other changes in loans and leases, net | 22,635 | (34,256) | 2,557 |
| Net sales (purchases) of premises and equipment | (1,160) | (521) | 5 |
| Proceeds from sales of foreclosed properties | 855 | 1,099 | 2,799 |
| Proceeds from sales of investments | 1,577 | 4,818 | 2,396 |
| Other investing activities, net | (1,621) | (1,097) | (320) |
| Net cash provided by (used in) investing activities | (4,204) | 25,058 | (34,979) |
| Financing activities | |||
| Net change in: | |||
| Deposits | (335) | 14,010 | 72,220 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | 3,171 | (95,153) | 78,395 |
| Short-term borrowings | (14,827) | 16,009 | (5,017) |
| Long-term debt: | |||
| Proceeds from issuance | 51,573 | 45,658 | 22,200 |
| Retirement of long-term debt | (53,749) | (65,602) | (124,389) |
| Preferred stock: | |||
| Proceeds from issuance | 5,957 | 1,008 | 667 |
| Redemption | 0 | (6,461) | 0 |
| Common stock repurchased | (1,675) | (3,220) | 0 |
| Cash dividends paid | (2,306) | (1,677) | (1,909) |
| Excess tax benefits on share-based payments | 34 | 12 | 13 |
| Other financing activities, net | (44) | (26) | 236 |
| Net cash provided by (used in) financing activities | (12,201) | (95,442) | 42,416 |
| Effect of exchange rate changes on cash and cash equivalents | (3,067) | (1,863) | (731) |
| Net increase (decrease) in cash and cash equivalents | 7,267 | 20,570 | (9,350) |
| Cash and cash equivalents at January 1 | 131,322 | 110,752 | 120,102 |
| Cash and cash equivalents at December 31 | 138,589 | 131,322 | 110,752 |
| Supplemental cash flow disclosures | |||
| Interest paid | 11,082 | 12,912 | 18,268 |
| Income taxes paid | 2,558 | 1,559 | 1,372 |
| Income taxes refunded | (144) | (244) | (338) |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2014 | |
| 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 |