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: 2021 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 22, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating activities | |||
| Net income | $ 31,978 | 17,894 | 27,430 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | (4,594) | 11,320 | 3,590 |
| Gains on sales of debt securities | (22) | (411) | (217) |
| Depreciation and amortization | 1,898 | 1,843 | 1,729 |
| Net amortization of premium/discount on debt securities | 5,837 | 4,101 | 2,066 |
| Deferred income taxes | (838) | (1,737) | 2,435 |
| Stock-based compensation | 2,768 | 2,031 | 1,974 |
| Impairment of equity method investment | 0 | 0 | 2,072 |
| Loans held-for-sale: | |||
| Originations and purchases | (43,635) | (19,657) | (28,874) |
| Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities | 34,684 | 19,049 | 30,191 |
| Net change in: | |||
| Trading and derivative assets/liabilities | (22,104) | 16,942 | 7,920 |
| Other assets | (34,455) | (12,883) | (11,113) |
| Accrued expenses and other liabilities | 16,639 | (4,385) | 16,363 |
| Other operating activities, net | 4,651 | 3,886 | 6,211 |
| Net cash provided by (used in) operating activities | (7,193) | 37,993 | 61,777 |
| Investing activities | |||
| Time deposits placed and other short-term investments | (598) | 561 | 387 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 53,338 | (29,461) | (13,466) |
| Debt securities carried at fair value: | |||
| Proceeds from sales | 6,893 | 77,524 | 52,006 |
| Proceeds from paydowns and maturities | 159,616 | 91,084 | 79,114 |
| Purchases | (238,398) | (194,877) | (152,782) |
| Held-to-maturity debt securities: | |||
| Proceeds from paydowns and maturities | 124,880 | 93,835 | 34,770 |
| Purchases | (362,736) | (257,535) | (37,115) |
| Loans and leases: | |||
| Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities | 10,396 | 13,351 | 12,201 |
| Purchases | (5,164) | (5,229) | (5,963) |
| Other changes in loans and leases, net | (58,039) | 36,571 | (46,808) |
| Other investing activities, net | (3,479) | (3,489) | (2,974) |
| Net cash used in investing activities | (313,291) | (177,665) | (80,630) |
| Financing activities | |||
| Deposits | 268,966 | 360,677 | 53,327 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | 22,006 | 5,214 | (21,879) |
| Short-term borrowings | 4,432 | (4,893) | 4,004 |
| Long-term debt: | |||
| Proceeds from issuance | 76,675 | 57,013 | 52,420 |
| Retirement | (46,826) | (47,948) | (50,794) |
| Preferred stock: | |||
| Proceeds from issuance | 2,169 | 2,181 | 3,643 |
| Redemption | (1,971) | (1,072) | (2,568) |
| Common stock repurchased | (25,126) | (7,025) | (28,144) |
| Cash dividends paid | (8,055) | (7,727) | (5,934) |
| Other financing activities, net | (620) | (601) | (698) |
| Net cash provided by financing activities | 291,650 | 355,819 | 3,377 |
| Effect of exchange rate changes on cash and cash equivalents | (3,408) | 2,756 | (368) |
| Net increase (decrease) in cash and cash equivalents | (32,242) | 218,903 | (15,844) |
| Cash and cash equivalents at January 1 | 380,463 | 161,560 | 177,404 |
| Cash and cash equivalents at December 31 | 348,221 | 380,463 | 161,560 |
| Supplemental cash flow disclosures | |||
| Interest paid | 4,506 | 8,662 | 22,196 |
| Income taxes paid, net | 2,760 | 2,894 | 4,359 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2021 | |
| 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 |