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: 2016 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating activities | |||
| Net income | $ 17,906 | 15,836 | 5,520 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 3,597 | 3,161 | 2,275 |
| Gains on sales of debt securities | (490) | (1,138) | (1,481) |
| Realized debit valuation adjustments on structured liabilities | 17 | 556 | 0 |
| Depreciation and premises improvements amortization | 1,511 | 1,555 | 1,586 |
| Amortization of intangibles | 730 | 834 | 936 |
| Net amortization of premium/discount on debt securities | 3,134 | 2,613 | 1,699 |
| Deferred income taxes | 5,841 | 2,924 | 1,147 |
| Stock-based compensation | 1,235 | 28 | 78 |
| Loans held-for-sale: | |||
| Originations and purchases | (33,107) | (37,933) | (39,358) |
| Proceeds from sales and paydowns of loans originally classified as held-for-sale | 31,376 | 36,204 | 38,528 |
| Net change in: | |||
| Trading and derivative instruments | (866) | 2,550 | 5,866 |
| Other assets | (13,802) | 2,645 | 5,894 |
| Accrued expenses and other liabilities | (35) | 730 | 9,702 |
| Other operating activities, net | 1,259 | (2,218) | (1,597) |
| Net cash provided by operating activities | 18,306 | 28,347 | 30,795 |
| Investing activities | |||
| Net change in: | |||
| Time deposits placed and other short-term investments | (2,117) | 50 | 4,030 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | (5,742) | (659) | (1,495) |
| Debt securities carried at fair value: | |||
| Proceeds from sales | 79,371 | 145,079 | 126,399 |
| Proceeds from paydowns and maturities | 100,768 | 84,988 | 79,704 |
| Purchases | (189,061) | (219,412) | (247,902) |
| Held-to-maturity debt securities: | |||
| Proceeds from paydowns and maturities | 18,677 | 12,872 | 7,889 |
| Purchases | (39,899) | (36,575) | (13,274) |
| Loans and leases: | |||
| Proceeds from sales | 18,230 | 22,316 | 28,765 |
| Purchases | (12,283) | (12,629) | (10,609) |
| Other changes in loans and leases, net | (31,194) | (51,895) | 19,160 |
| Proceeds from sales of equity investments | 299 | 333 | 1,577 |
| Other investing activities, net | (192) | (39) | (2,504) |
| Net cash used in investing activities | (63,143) | (55,571) | (8,260) |
| Financing activities | |||
| Net change in: | |||
| Deposits | 63,675 | 78,347 | (335) |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | (4,000) | (26,986) | 3,171 |
| Short-term borrowings | (4,014) | (3,074) | (14,827) |
| Long-term debt: | |||
| Proceeds from issuance | 35,537 | 43,670 | 51,573 |
| Retirement of long-term debt | (51,849) | (40,365) | (53,749) |
| Preferred stock: Proceeds from issuance | 2,947 | 2,964 | 5,957 |
| Common stock repurchased | (5,112) | (2,374) | (1,675) |
| Cash dividends paid | (4,194) | (3,574) | (2,306) |
| Excess tax benefits on share-based payments | 14 | 16 | 34 |
| Other financing activities, net | (22) | (39) | (44) |
| Net cash provided by (used in) financing activities | 32,982 | 48,585 | (12,201) |
| Effect of exchange rate changes on cash and cash equivalents | 240 | (597) | (3,067) |
| Net increase (decrease) in cash and cash equivalents | (11,615) | 20,764 | 7,267 |
| Cash and cash equivalents at January 1 | 159,353 | 138,589 | 131,322 |
| Cash and cash equivalents at December 31 | 147,738 | 159,353 | 138,589 |
| Supplemental cash flow disclosures | |||
| Interest paid | 10,510 | 10,623 | 11,082 |
| Income taxes paid | 1,633 | 2,326 | 2,558 |
| Income taxes refunded | (590) | (151) | (144) |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2016 | |
| 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 |