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: 2018 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating activities | |||
| Net income | $ 28,147 | 18,232 | 17,822 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 3,282 | 3,396 | 3,597 |
| Gains on sales of debt securities | (154) | (255) | (490) |
| Depreciation and premises improvements amortization | 1,525 | 1,482 | 1,511 |
| Amortization of intangibles | 538 | 621 | 730 |
| Net amortization of premium/discount on debt securities | 1,824 | 2,251 | 3,134 |
| Deferred income taxes | 3,041 | 8,175 | 5,793 |
| Stock-based compensation | 1,729 | 1,649 | 1,367 |
| Loans held-for-sale: | |||
| Originations and purchases | (28,071) | (43,506) | (33,107) |
| Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities | 28,972 | 40,548 | 32,588 |
| Net change in: | |||
| Trading and derivative instruments | (23,673) | (14,663) | (2,635) |
| Other assets | 11,920 | (20,090) | (14,103) |
| Accrued expenses and other liabilities | 13,010 | 4,673 | (35) |
| Other operating activities, net | (2,570) | 7,351 | 1,105 |
| Net cash provided by operating activities | 39,520 | 9,864 | 17,277 |
| Investing activities | |||
| Net change in: | |||
| Time deposits placed and other short-term investments | 3,659 | (1,292) | (2,117) |
| Federal funds sold and securities borrowed or purchased under agreements to resell | (48,384) | (14,523) | (5,742) |
| Debt securities carried at fair value: | |||
| Proceeds from sales | 5,117 | 73,353 | 71,547 |
| Proceeds from paydowns and maturities | 78,513 | 93,874 | 108,592 |
| Purchases | (76,640) | (166,975) | (189,061) |
| Held-to-maturity debt securities: | |||
| Proceeds from paydowns and maturities | 18,789 | 16,653 | 18,677 |
| Purchases | (35,980) | (25,088) | (39,899) |
| Loans and leases: | |||
| Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities | 21,365 | 11,996 | 18,787 |
| Purchases | (4,629) | (6,846) | (12,283) |
| Other changes in loans and leases, net | (31,292) | (41,104) | (31,194) |
| Other investing activities, net | (1,986) | 8,411 | 408 |
| Net cash used in investing activities | (71,468) | (51,541) | (62,285) |
| Financing activities | |||
| Net change in: | |||
| Deposits | 71,931 | 48,611 | 63,675 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | 10,070 | 7,024 | (4,000) |
| Short-term borrowings | (12,478) | 8,538 | (4,014) |
| Long-term debt: | |||
| Proceeds from issuance | 64,278 | 53,486 | 35,537 |
| Retirement | (53,046) | (49,480) | (51,623) |
| Preferred stock: | |||
| Proceeds from issuance | 4,515 | 0 | 2,947 |
| Redemption | (4,512) | 0 | 0 |
| Common stock repurchased | (20,094) | (12,814) | (5,112) |
| Cash dividends paid | (6,895) | (5,700) | (4,194) |
| Other financing activities, net | (651) | (397) | (63) |
| Net cash provided by financing activities | 53,118 | 49,268 | 33,153 |
| Effect of exchange rate changes on cash and cash equivalents | (1,200) | 2,105 | 240 |
| Net increase (decrease) in cash and cash equivalents | 19,970 | 9,696 | (11,615) |
| Cash and cash equivalents at January 1 | 157,434 | 147,738 | 159,353 |
| Cash and cash equivalents at December 31 | 177,404 | 157,434 | 147,738 |
| Supplemental cash flow disclosures | |||
| Interest paid | 19,087 | 12,852 | 10,510 |
| Income taxes paid, net | 2,470 | 3,235 | 1,043 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2018 | |
| 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 |