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: 2020 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 24, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating activities | |||
| Net income | $ 17,894 | 27,430 | 28,147 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 11,320 | 3,590 | 3,282 |
| Gains on sales of debt securities | (411) | (217) | (154) |
| Depreciation and amortization | 1,843 | 1,729 | 2,063 |
| Net amortization of premium/discount on debt securities | 4,101 | 2,066 | 1,824 |
| Deferred income taxes | (1,737) | 2,435 | 3,041 |
| Stock-based compensation | 2,031 | 1,974 | 1,729 |
| Impairment of equity method investment | 0 | 2,072 | 0 |
| Loans held-for-sale: | |||
| Originations and purchases | (19,657) | (28,874) | (28,071) |
| Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities | 19,049 | 30,191 | 28,972 |
| Net change in: | |||
| Trading and derivative assets/liabilities | 16,942 | 7,920 | (23,673) |
| Other assets | (12,883) | (11,113) | 11,920 |
| Accrued expenses and other liabilities | (4,385) | 16,363 | 13,010 |
| Other operating activities, net | 3,886 | 6,211 | (2,570) |
| Net cash provided by operating activities | 37,993 | 61,777 | 39,520 |
| Investing activities | |||
| Time deposits placed and other short-term investments | 561 | 387 | 3,659 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | (29,461) | (13,466) | (48,384) |
| Debt securities carried at fair value: | |||
| Proceeds from sales | 77,524 | 52,006 | 5,117 |
| Proceeds from paydowns and maturities | 91,084 | 79,114 | 78,513 |
| Purchases | (194,877) | (152,782) | (76,640) |
| Held-to-maturity debt securities: | |||
| Proceeds from paydowns and maturities | 93,835 | 34,770 | 18,789 |
| Purchases | (257,535) | (37,115) | (35,980) |
| Loans and leases: | |||
| Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities | 13,351 | 12,201 | 21,365 |
| Purchases | (5,229) | (5,963) | (4,629) |
| Other changes in loans and leases, net | 36,571 | (46,808) | (31,292) |
| Other investing activities, net | (3,489) | (2,974) | (1,986) |
| Net cash used in investing activities | (177,665) | (80,630) | (71,468) |
| Financing activities | |||
| Deposits | 360,677 | 53,327 | 71,931 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | 5,214 | (21,879) | 10,070 |
| Short-term borrowings | (4,893) | 4,004 | (12,478) |
| Long-term debt: | |||
| Proceeds from issuance | 57,013 | 52,420 | 64,278 |
| Retirement | (47,948) | (50,794) | (53,046) |
| Preferred stock: | |||
| Proceeds from issuance | 2,181 | 3,643 | 4,515 |
| Redemption | (1,072) | (2,568) | (4,512) |
| Common stock repurchased | (7,025) | (28,144) | (20,094) |
| Cash dividends paid | (7,727) | (5,934) | (6,895) |
| Other financing activities, net | (601) | (698) | (651) |
| Net cash provided by financing activities | 355,819 | 3,377 | 53,118 |
| Effect of exchange rate changes on cash and cash equivalents | 2,756 | (368) | (1,200) |
| Net increase (decrease) in cash and cash equivalents | 218,903 | (15,844) | 19,970 |
| Cash and cash equivalents at January 1 | 161,560 | 177,404 | 157,434 |
| Cash and cash equivalents at December 31 | 380,463 | 161,560 | 177,404 |
| Supplemental cash flow disclosures | |||
| Interest paid | 8,662 | 22,196 | 19,087 |
| Income taxes paid, net | 2,894 | 4,359 | 2,470 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2020 | |
| 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 |