Cash flows from operating activities |
Net earnings |
5.05B |
Non-cash items included in net earnings |
Depreciation and amortization |
Share-based compensation |
1.94B |
Changes in operating assets and liabilities |
Cash and securities segregated for regulatory and other purposes |
2.31B |
Net receivables from brokers, dealers and clearing organizations |
Net payables to customers and counterparties |
Securities borrowed, net of securities loaned |
Securities sold under agreements to repurchase, net of securities purchased under agreements to resell and federal funds sold |
Financial instruments owned, at fair value |
Financial instruments sold, but not yet purchased, at fair value |
Other, net |
-2.89B |
Net cash provided by operating activities |
1.77B |
Cash flows from investing activities |
Purchase of property, leasehold improvements and equipment |
Proceeds from sales of property, leasehold improvements and equipment |
Business acquisitions, net of cash acquired |
15.75B |
Proceeds from sales of investments |
Purchase of available-for-sale securities |
Proceeds from sales of available-for-sale securities |
Net cash provided by/(used for) investing activities |
11.3B |
Cash flows from financing activities |
Unsecured short-term borrowings, net |
Other secured financings (short-term), net |
Proceeds from issuance of other secured financings (long-term) |
2.38B |
Repayment of other secured financings (long-term), including the current portion |
-6.49B |
Proceeds from issuance of unsecured long-term borrowings |
39.13B |
Repayment of unsecured long-term borrowings, including the current portion |
Derivative contracts with a financing element, net |
Deposits, net |
10.51B |
Preferred stock repurchased |
Common stock repurchased |
-4.59B |
Dividends and dividend equivalents paid on common stock, preferred stock and restricted stock units |
-1.24B |
Proceeds from issuance of common stock, including stock option exercises |
1M |
Excess tax benefit related to share-based compensation |
97M |
Cash settlement of share-based compensation |
Net cash used for financing activities |
11.36B |
Net increase/(decrease) in cash and cash equivalents |
24.43B |
Cash and cash equivalents, beginning of year |
Cash and cash equivalents, end of period |
SUPPLEMENTAL DISCLOSURES: |
Cash payments for interest, net of capitalized interest |
Cash payments for income taxes, net of refunds |
Non-cash activities: |
Debt assumed in connection with business acquisitions |
Approximate increase in assets upon adoption of ASU No. 2009-17 |
Approximate increase in liabilities upon adoption of ASU No. 2009-17 |