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: 2022 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 22, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating activities | |||
| Net income | $ 27,528 | 31,978 | 17,894 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 2,543 | (4,594) | 11,320 |
| Gains on sales of debt securities | (32) | (22) | (411) |
| Depreciation and amortization | 1,978 | 1,898 | 1,843 |
| Net amortization of premium/discount on debt securities | 2,072 | 5,837 | 4,101 |
| Deferred income taxes | 739 | (838) | (1,737) |
| Stock-based compensation | 2,862 | 2,768 | 2,031 |
| Loans held-for-sale: | |||
| Originations and purchases | (24,862) | (43,635) | (19,657) |
| Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities | 31,567 | 34,684 | 19,049 |
| Net change in: | |||
| Trading and derivative assets/liabilities | (95,772) | (22,104) | 16,942 |
| Other assets | 20,799 | (34,455) | (12,883) |
| Accrued expenses and other liabilities | 23,029 | 16,639 | (4,385) |
| Other operating activities, net | 1,222 | 4,651 | 3,886 |
| Net cash provided by (used in) operating activities | (6,327) | (7,193) | 37,993 |
| Investing activities | |||
| Time deposits placed and other short-term investments | (115) | (598) | 561 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | (16,854) | 53,338 | (29,461) |
| Debt securities carried at fair value: | |||
| Proceeds from sales | 69,114 | 6,893 | 77,524 |
| Proceeds from paydowns and maturities | 110,195 | 159,616 | 91,084 |
| Purchases | (134,962) | (238,398) | (194,877) |
| Held-to-maturity debt securities: | |||
| Proceeds from paydowns and maturities | 63,852 | 124,880 | 93,835 |
| Purchases | (24,096) | (362,736) | (257,535) |
| Loans and leases: | |||
| Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities | 26,757 | 10,396 | 13,351 |
| Purchases | (5,798) | (5,164) | (5,229) |
| Other changes in loans and leases, net | (86,010) | (58,039) | 36,571 |
| Other investing activities, net | (4,612) | (3,479) | (3,489) |
| Net cash used in investing activities | (2,529) | (313,291) | (177,665) |
| Financing activities | |||
| Deposits | (134,190) | 268,966 | 360,677 |
| Federal funds purchased and securities loaned or sold under agreements to repurchase | 3,306 | 22,006 | 5,214 |
| Short-term borrowings | 3,179 | 4,432 | (4,893) |
| Long-term debt: | |||
| Proceeds from issuance | 65,910 | 76,675 | 57,013 |
| Retirement | (34,055) | (46,826) | (47,948) |
| Preferred stock: | |||
| Proceeds from issuance | 4,426 | 2,169 | 2,181 |
| Redemption | (654) | (1,971) | (1,072) |
| Common stock repurchased | (5,073) | (25,126) | (7,025) |
| Cash dividends paid | (8,576) | (8,055) | (7,727) |
| Other financing activities, net | (312) | (620) | (601) |
| Net cash provided by (used in) financing activities | (106,039) | 291,650 | 355,819 |
| Effect of exchange rate changes on cash and cash equivalents | (3,123) | (3,408) | 2,756 |
| Net increase (decrease) in cash and cash equivalents | (118,018) | (32,242) | 218,903 |
| Cash and cash equivalents at January 1 | 348,221 | 380,463 | 161,560 |
| Cash and cash equivalents at December 31 | 230,203 | 348,221 | 380,463 |
| Supplemental cash flow disclosures | |||
| Interest paid | 18,526 | 4,506 | 8,662 |
| Income taxes paid, net | 2,288 | 2,760 | 2,894 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2022 | |
| 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 |