XML 22 R8.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Income (loss) from continuing operations, net of tax $ (2,859,000,000) $ 1,877,000,000
Loss from discontinued operations, net of tax (14,000,000) 0
Net income (loss) (2,873,000,000) 1,877,000,000
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 13,799,000,000 6,592,000,000
Depreciation and amortization, net 1,823,000,000 1,617,000,000
Deferred tax benefit (2,262,000,000) (353,000,000)
Loss (gain) on sales of loans (2,000,000) 27,000,000
Stock-based compensation expense 402,000,000 298,000,000
Other 70,000,000 31,000,000
Loans held for sale:    
Originations and purchases (2,297,000,000) (2,068,000,000)
Proceeds from sales and paydowns 2,394,000,000 1,997,000,000
Changes in operating assets and liabilities:    
Changes in interest receivable 85,000,000 (16,000,000)
Changes in other assets (717,000,000) (444,000,000)
Changes in interest payable (125,000,000) 19,000,000
Changes in other liabilities 538,000,000 (324,000,000)
Net change from discontinued operations (102,000,000) 0
Net cash from operating activities 10,733,000,000 9,253,000,000
Securities available for sale:    
Purchases (6,627,000,000) (6,859,000,000)
Proceeds from paydowns and maturities 8,910,000,000 5,347,000,000
Proceeds from sales 1,000,000 0
Proceeds from sales of securities related to the Transaction 9,696,000,000 0
Net changes in loans originated as held for investment (11,798,000,000) (4,683,000,000)
Principal recoveries of loans previously charged off 2,179,000,000 1,374,000,000
Changes in premises and equipment (747,000,000) (536,000,000)
Net cash received in the Transaction 16,464,000,000 0
Net cash used in other investing activities (762,000,000) (500,000,000)
Net cash from investing activities 17,316,000,000 (5,857,000,000)
Financing activities:    
Changes in deposits (1,468,000,000) 3,050,000,000
Maturities and paydowns of securitized debt obligations (5,561,000,000) (812,000,000)
Issuance of senior and subordinated notes 1,742,000,000 1,993,000,000
Maturities and paydowns of senior and subordinated notes (3,447,000,000) (2,911,000,000)
Changes in other borrowings 173,000,000 175,000,000
Common stock:    
Net proceeds from issuances 204,000,000 175,000,000
Dividends paid (622,000,000) (467,000,000)
Preferred stock:    
Dividends paid (122,000,000) (114,000,000)
Redemptions (500,000,000) 0
Purchases of treasury stock (542,000,000) (412,000,000)
Proceeds from share-based payment activities 1,000,000 1,000,000
Net cash from (used in) financing activities (10,142,000,000) 678,000,000
Changes in cash, cash equivalents and restricted cash for securitization investors 17,907,000,000 4,074,000,000
Cash, cash equivalents and restricted cash for securitization investors, beginning of the period 43,671,000,000 43,755,000,000
Cash, cash equivalents and restricted cash for securitization investors, end of the period 61,578,000,000 47,829,000,000
Supplemental cash flow information:    
Interest paid 6,604,000,000 6,485,000,000
Income tax paid 221,000,000 226,000,000
Reissuance of treasury stock, issuance of preferred stock and stock-based compensation awards related to the Transaction $ 51,790,000,000 $ 0