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: 2019 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 19, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating activities | |||
| Net income | $ 27,430 | 28,147 | 18,232 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 3,590 | 3,282 | 3,396 |
| Gains on sales of debt securities | (217) | (154) | (255) |
| Depreciation and amortization | 1,729 | 2,063 | 2,103 |
| Net amortization of premium/discount on debt securities | 2,066 | 1,824 | 2,251 |
| Deferred income taxes | 2,435 | 3,041 | 8,175 |
| Stock-based compensation | 1,974 | 1,729 | 1,649 |
| Impairment of equity method investment | 2,072 | 0 | 0 |
| Loans held-for-sale: | |||
| Originations and purchases | (28,874) | (28,071) | (43,506) |
| Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities | 30,191 | 28,972 | 40,548 |
| Net change in: | |||
| Trading and derivative assets/liabilities | 7,920 | (23,673) | (14,663) |
| Other assets | (11,113) | 11,920 | (20,090) |
| Accrued expenses and other liabilities | 16,363 | 13,010 | 4,673 |
| Other operating activities, net | 6,211 | (2,570) | 7,351 |
| Net cash provided by operating activities | 61,777 | 39,520 | 9,864 |
| Investing activities | |||
| Net change in: | |||
| Time deposits placed and other short-term investments | 387 | 3,659 | (1,292) |
| Federal funds sold and securities borrowed or purchased under agreements to resell | (13,466) | (48,384) | (14,523) |
| Debt securities carried at fair value: | |||
| Proceeds from sales | 52,006 | 5,117 | 73,353 |
| Proceeds from paydowns and maturities | 79,114 | 78,513 | 93,874 |
| Purchases | (152,782) | (76,640) | (166,975) |
| Held-to-maturity debt securities: | |||
| Proceeds from paydowns and maturities | 34,770 | 18,789 | 16,653 |
| Purchases | (37,115) | (35,980) | (25,088) |
| Loans and leases: | |||
| Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities | 12,201 | 21,365 | 11,996 |
| Purchases | (5,963) | (4,629) | (6,846) |
| Other changes in loans and leases, net | (46,808) | (31,292) | (41,104) |
| Other investing activities, net | (2,974) | (1,986) | 8,411 |
| Net cash used in investing activities | (80,630) | (71,468) | (51,541) |
| Financing activities | |||
| Net change in: | |||
| Deposits | 53,327 | 71,931 | 48,611 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | (21,879) | 10,070 | 7,024 |
| Short-term borrowings | 4,004 | (12,478) | 8,538 |
| Long-term debt: | |||
| Proceeds from issuance | 52,420 | 64,278 | 53,486 |
| Retirement | (50,794) | (53,046) | (49,480) |
| Preferred stock: | |||
| Proceeds from issuance | 3,643 | 4,515 | 0 |
| Redemption | (2,568) | (4,512) | 0 |
| Common stock repurchased | (28,144) | (20,094) | (12,814) |
| Cash dividends paid | (5,934) | (6,895) | (5,700) |
| Other financing activities, net | (698) | (651) | (397) |
| Net cash provided by financing activities | 3,377 | 53,118 | 49,268 |
| Effect of exchange rate changes on cash and cash equivalents | (368) | (1,200) | 2,105 |
| Net increase (decrease) in cash and cash equivalents | (15,844) | 19,970 | 9,696 |
| Cash and cash equivalents at January 1 | 177,404 | 157,434 | 147,738 |
| Cash and cash equivalents at December 31 | 161,560 | 177,404 | 157,434 |
| Supplemental Cash Flow Information [Abstract] | |||
| Interest paid | 22,196 | 19,087 | 12,852 |
| Income taxes paid, net | 4,359 | 2,470 | 3,235 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2019 | |
| 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 |