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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net earnings $ 12,559 $ 10,165
Adjustments to reconcile net earnings to net cash used for operating activities:    
Depreciation and amortization 1,655 1,894
Deferred income taxes (153) (653)
Share-based compensation 3,187 2,559
Provision for credit losses 1,010 997
Changes in operating assets and liabilities:    
Customer and other receivables and payables, net (10,576) 7,543
Collateralized transactions (excluding other secured financings), net (27,821) 19,644
Trading assets (66,888) (112,931)
Trading liabilities 58,129 13,100
Loans held for sale, net (629) 450
Other, net 649 (2,746)
Net cash used for operating activities (28,878) (59,978)
Cash flows from investing activities    
Purchase of property, leasehold improvements and equipment (1,533) (1,505)
Proceeds from sales of property, leasehold improvements and equipment 504 1,152
Net cash received from business dispositions 1,536 3,622
Available-for-sale securities:    
Purchases (61,849) (52,927)
Proceeds from sales 41,014 13,387
Proceeds from paydowns and maturities 1 12,784
Held-to-maturity securities:    
Purchases (10,025) (20,660)
Proceeds from paydowns and maturities 16,952 12,598
Other investments:    
Purchases (6,365) (5,150)
Proceeds from sales, paydowns and maturities 6,581 6,261
Loans (excluding loans held for sale), net (26,010) (12,071)
Net cash used for investing activities (39,194) (42,509)
Cash flows from financing activities    
Unsecured short-term borrowings, net 3,243 4,263
Other secured financings (short-term), net (5,372) 7,632
Proceeds from issuance of other secured financings (long-term) 3,757 4,951
Repayment of other secured financings (long-term), including the current portion (2,613) (1,592)
Proceeds from issuance of unsecured long-term borrowings 61,360 49,465
Repayment of unsecured long-term borrowings, including the current portion (50,227) (59,639)
Derivative contracts with a financing element, net 877 1,739
Deposits, net 51,832 15,152
Preferred stock redemption 0 (700)
Common stock repurchased (9,360) (6,000)
Settlement of share-based awards in satisfaction of withholding tax requirements (2,156) (1,331)
Dividends and dividend equivalents paid on common stock, preferred stock and share-based awards (3,814) (3,344)
Proceeds from issuance of preferred stock, net of issuance costs 1,895 4,239
Other financing, net (77) 305
Net cash provided by financing activities 49,345 15,140
Effect of exchange rate changes on cash and cash equivalents 6,212 459
Net decrease in cash and cash equivalents (12,515) (86,888)
Cash and cash equivalents, beginning balance 182,092 241,577
Cash and cash equivalents, ending balance 169,577 154,689
Supplemental disclosures:    
Cash payments for interest, net of capitalized interest 49,816 54,521
Cash payments for income taxes, net $ 2,938 $ 2,810