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: 2017 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 22, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating activities | |||
| Net income | $ 18,232 | 17,822 | 15,910 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 3,396 | 3,597 | 3,161 |
| Gains on sales of debt securities | (255) | (490) | (1,138) |
| Depreciation and premises improvements amortization | 1,482 | 1,511 | 1,555 |
| Amortization of intangibles | 621 | 730 | 834 |
| Net amortization of premium/discount on debt securities | 2,251 | 3,134 | 2,613 |
| Deferred income taxes | 8,175 | 5,793 | 2,967 |
| Stock-based compensation | 1,649 | 1,367 | (89) |
| Loans held-for-sale: | |||
| Originations and purchases | (43,506) | (33,107) | (37,933) |
| Proceeds from sales and paydowns of loans originally classified as held-for-sale | 40,059 | 31,376 | 36,204 |
| Net change in: | |||
| Trading and derivative instruments | (13,939) | (866) | 2,550 |
| Other assets | (19,859) | (13,802) | 2,645 |
| Accrued expenses and other liabilities | 4,673 | (35) | 730 |
| Other operating activities, net | 7,424 | 1,331 | (1,612) |
| Net cash provided by operating activities | 10,403 | 18,361 | 28,397 |
| Investing activities | |||
| Net change in: | |||
| Time deposits placed and other short-term investments | (1,292) | (2,117) | 50 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | (14,523) | (5,742) | (659) |
| Debt securities carried at fair value: | |||
| Proceeds from sales | 73,353 | 71,547 | 137,569 |
| Proceeds from paydowns and maturities | 93,874 | 108,592 | 92,498 |
| Purchases | (166,975) | (189,061) | (219,412) |
| Held-to-maturity debt securities: | |||
| Proceeds from paydowns and maturities | 16,653 | 18,677 | 12,872 |
| Purchases | (25,088) | (39,899) | (36,575) |
| Loans and leases: | |||
| Proceeds from sales | 11,761 | 18,230 | 22,316 |
| Purchases | (6,846) | (12,283) | (12,629) |
| Other changes in loans and leases, net | (41,104) | (31,194) | (51,895) |
| Other investing activities, net | 8,180 | 107 | 294 |
| Net cash used in investing activities | (52,007) | (63,143) | (55,571) |
| Financing activities | |||
| Net change in: | |||
| Deposits | 48,611 | 63,675 | 78,347 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | 7,024 | (4,000) | (26,986) |
| Short-term borrowings | 8,538 | (4,014) | (3,074) |
| Long-term debt: | |||
| Proceeds from issuance | 53,486 | 35,537 | 43,670 |
| Retirement of long-term debt | (49,553) | (51,849) | (40,365) |
| Preferred stock: Proceeds from issuance | 0 | 2,947 | 2,964 |
| Common stock repurchased | (12,814) | (5,112) | (2,374) |
| Cash dividends paid | (5,700) | (4,194) | (3,574) |
| Other financing activities, net | (397) | (63) | (73) |
| Net cash provided by financing activities | 49,195 | 32,927 | 48,535 |
| Effect of exchange rate changes on cash and cash equivalents | 2,105 | 240 | (597) |
| Net increase (decrease) in cash and cash equivalents | 9,696 | (11,615) | 20,764 |
| Cash and cash equivalents at January 1 | 147,738 | 159,353 | 138,589 |
| Cash and cash equivalents at December 31 | 157,434 | 147,738 | 159,353 |
| Supplemental cash flow disclosures | |||
| Interest paid | 12,852 | 10,510 | 10,623 |
| Income taxes paid | 3,297 | 1,633 | 2,326 |
| Income taxes refunded | (62) | (590) | (151) |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2017 | |
| 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 |