v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net earnings $ 21,635 $ 9,459 $ 8,466
Adjustments to reconcile net earnings to net cash provided by/(used) for operating activities:      
Depreciation and amortization 2,015 1,902 1,704
Deferred income taxes 5 (833) (334)
Share-based compensation 2,348 1,920 2,018
Gain related to extinguishment of unsecured borrowings 0 (1) (20)
Provision for credit losses 357 3,098 1,065
Changes in operating assets and liabilities:      
Customer and other receivables and payables, net 21,971 (30,895) (7,693)
Collateralized transactions (excluding other secured financings), net (70,058) (13,007) 94,991
Trading assets 15,232 (33,405) (68,682)
Trading liabilities 26,616 44,892 (231)
Loans held for sale, net (5,556) 1,820 (1,458)
Other, net (13,644) 1,322 (5,958)
Net cash provided by/(used for) operating activities 921 (13,728) 23,868
Cash flows from investing activities      
Purchase of property, leasehold improvements and equipment (4,667) (6,309) (8,443)
Proceeds from sales of property, leasehold improvements and equipment 3,933 2,970 6,632
Net cash used for business acquisitions 0 (231) (803)
Purchase of investments (39,912) (48,670) (29,773)
Proceeds from sales and paydowns of investments 45,701 29,057 17,812
Loans (excluding loans held for sale), net (35,520) (11,173) (9,661)
Net cash used for investing activities (30,465) (34,356) (24,236)
Cash flows from financing activities      
Unsecured short-term borrowings, net 2,137 7,707 14
Other secured financings (short-term), net (1,320) 2,861 (2,050)
Proceeds from issuance of other secured financings (long-term) 4,795 8,073 7,257
Repayment of other secured financings (long-term), including the current portion (6,590) (4,137) (7,468)
Purchase of Trust Preferred securities 0 (11) (206)
Proceeds from issuance of unsecured long-term borrowings 92,717 47,250 22,381
Repayment of unsecured long-term borrowings, including the current portion (52,608) (55,040) (43,936)
Derivative contracts with a financing element, net 1,121 1,037 3,952
Deposits, net 103,538 67,343 31,214
Preferred stock redemption (2,675) (350) (1,100)
Common stock repurchased (5,200) (1,928) (5,335)
Settlement of share-based awards in satisfaction of withholding tax requirements (985) (830) (745)
Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards (2,725) (2,336) (2,104)
Proceeds from issuance of preferred stock, net of issuance costs 2,172 349 1,098
Other financing, net 361 392 395
Net cash provided by financing activities 134,738 70,380 3,367
Net increase in cash and cash equivalents 105,194 22,296 2,999
Cash and cash equivalents, beginning balance 155,842 133,546 130,547
Cash and cash equivalents, ending balance 261,036 155,842 133,546
Supplemental disclosures:      
Cash payments for interest, net of capitalized interest 5,521 9,091 18,645
Cash payments for income taxes, net $ 6,195 $ 2,754 $ 1,266