| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
955 | 1,052 | 614 | 552 | 268 | 293 | 86 | -113 | 156 | -28 | -1,297 | -511 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Provision (benefit) for credit losses | |||||||||||
-51 | -86 | -168 | -149 | -40 | 36 | 143 | 355 | 440 | 779 | 1,498 | 1,583 |
Depreciation and amortization (including amortization and accretion on investment securities) | |||||||||||
225 | 244 | 262 | 239 | 325 | 331 | 395 | 409 | 340 | 339 | 345 | 292 |
Gains on securities and other, net | |||||||||||
-23 | 53 | 28 | 42 | -324 | 39 | 61 | 183 | 105 | 131 | 78 | -201 |
Impairment of goodwill | |||||||||||
- | - | - | - | - | - | 142 | 0 | 0 | - | - | - |
Equity in income of investments and other | |||||||||||
- | - | - | - | - | - | - | 1 | -1 | -0 | -8 | 18 |
Losses on early extinguishment of debt | |||||||||||
0 | -4 | -58 | 0 | -37 | -6 | 0 | -135 | 3 | 0 | -1,018 | 10 |
Share-based compensation | |||||||||||
53 | 46 | 41 | 30 | 34 | 24 | 20 | 21 | 14 | 25 | 46 | 42 |
Deferred tax expense | |||||||||||
245 | 339 | 450 | 275 | -176 | 155 | 107 | -137 | 7 | -86 | -488 | -446 |
Other | |||||||||||
15 | 18 | -7 | -5 | 1 | 1 | -1 | -1 | 4 | -8 | -4 | -11 |
Net effect of changes in assets and liabilities: | |||||||||||
Decrease (increase) in cash required to be segregated under federal or other regulations | |||||||||||
- | - | - | - | 502 | -511 | 689 | -899 | 666 | -823 | -394 | -1,065 |
Decrease in receivables from brokers, dealers and clearing organizations | |||||||||||
635 | -418 | 134 | 528 | -364 | 24 | 182 | - | - | - | - | - |
Gain on sale of international brokerage business | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -428 |
Gain on sale of corporate aircraft related assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -23 |
Decrease (increase) in margin receivables | |||||||||||
115 | 489 | 2,340 | -667 | -277 | 1,322 | 549 | 978 | -294 | 1,366 | -1,023 | 4,114 |
Originations of loans held-for-sale | |||||||||||
- | - | - | - | - | - | - | 332 | 129 | 138 | 125 | 135 |
Net increase in trading securities | |||||||||||
- | - | - | - | - | - | - | 47 | -16 | 24 | - | - |
Proceeds from sales, repayments and maturities of trading securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,229 | 1,364 |
Purchases of trading securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,207 | 1,260 |
Increase in other assets | |||||||||||
204 | -159 | 49 | 3 | 22 | 132 | -215 | -265 | -32 | -369 | 265 | -840 |
(Decrease) increase in payables to brokers, dealers and clearing organizations | |||||||||||
-55 | -594 | 559 | -593 | -123 | 593 | 227 | - | - | - | - | - |
Increase in customer payables | |||||||||||
2,732 | 668 | 1,290 | 1,615 | 89 | 145 | 1,345 | -626 | 570 | 136 | -1,346 | 638 |
Proceeds from sales and repayments of loans held-for-sale | |||||||||||
- | - | - | - | - | 11 | 15 | 343 | 123 | 154 | 118 | 232 |
Decrease in other liabilities | |||||||||||
-341 | -40 | 34 | -14 | -13 | 112 | -96 | -168 | -4 | 203 | 245 | -1,872 |
Net cash provided by operating activities | |||||||||||
2,847 | 1,686 | 582 | 2,044 | 843 | 701 | 1,117 | -159 | 1,095 | 1,049 | 971 | 2,247 |
Cash flows from investing activities: | |||||||||||
Purchases of available-for-sale securities | |||||||||||
8,382 | 8,386 | 9,819 | 6,705 | 6,150 | 1,564 | 7,042 | 10,049 | 10,251 | 16,981 | 22,370 | 6,745 |
Proceeds from sales of available-for-sale securities | |||||||||||
10,735 | 7,423 | 1,645 | 3,194 | 3,905 | 1,855 | 3,856 | - | - | - | - | - |
Proceeds from maturities of and principal payments on available-for-sale securities | |||||||||||
1,588 | 1,944 | 1,588 | 1,540 | 1,667 | 1,468 | 2,407 | 12,446 | 9,929 | 15,681 | 19,945 | 7,540 |
Purchases of held-to-maturity securities | |||||||||||
4,688 | 4,163 | 10,519 | 4,389 | 2,614 | 3,209 | 2,527 | 4,814 | 4,040 | 2,626 | - | 0 |
Proceeds from maturities of and principal payments on held-to-maturity securities | |||||||||||
5,307 | 2,395 | 2,556 | 2,068 | 1,788 | 1,144 | 1,828 | 1,308 | 408 | 160 | - | 0 |
Proceeds from sales of loans | |||||||||||
80 | 30 | 40 | 0 | 40 | 813 | 0 | - | - | - | - | - |
Decrease in loans receivable | |||||||||||
-463 | -609 | -983 | -1,176 | -1,337 | -1,273 | -1,724 | -1,766 | -2,201 | -2,745 | -3,555 | -3,449 |
Capital expenditures for property and equipment | |||||||||||
149 | 112 | 102 | 75 | 70 | 87 | 47 | 80 | 89 | 82 | 86 | 110 |
Net increase in securities purchased under agreements to resell | |||||||||||
200 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds and cash transferred from sale of G1 Execution Services, LLC | |||||||||||
- | - | - | - | - | 67 | 0 | - | - | - | - | - |
Proceeds from sale of G1 Execution Services, Inc. | |||||||||||
- | - | - | - | - | - | - | 0 | - | - | - | - |
Proceeds from sale of real estate owned and repossessed assets | |||||||||||
14 | 24 | 29 | 20 | 28 | 37 | 62 | 102 | 156 | 213 | 156 | 91 |
Acquisitions, net of cash acquired | |||||||||||
29 | 150 | 0 | 723 | 0 | 0 | - | - | - | - | - | - |
Net cash flow from derivative contracts | |||||||||||
277 | -221 | -66 | 109 | 2 | 15 | -19 | 85 | -14 | 53 | -0 | -11 |
Proceeds from sale of international brokerage businesses, net | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 469 |
Cash transferred on the sale of international brokerage businesses | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 502 |
Proceeds from sale of corporate aircraft related assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 69 |
Other | |||||||||||
34 | 25 | 43 | -4 | -73 | 69 | -6 | -71 | -39 | 130 | 5 | -15 |
Net cash provided by (used in) investing activities | |||||||||||
4,428 | -190 | -13,576 | -3,999 | 2 | 1,713 | 286 | 665 | -1,630 | -1,072 | 1,198 | 4,288 |
Cash flows from financing activities: | |||||||||||
Increase in deposits | |||||||||||
-6,707 | 1,781 | 11,060 | 2,237 | 4,555 | -1,081 | -2,422 | 1,932 | 1,219 | 626 | -539 | 246 |
Common stock dividends | |||||||||||
135 | 36 | 0 | 0 | - | - | - | - | - | - | - | - |
Preferred stock dividends | |||||||||||
40 | 36 | 25 | 0 | 0 | - | - | - | - | - | - | - |
Sale of deposits | |||||||||||
- | - | - | - | - | - | - | - | - | 980 | - | 0 |
Net decrease in securities sold under agreements to repurchase | |||||||||||
- | - | - | -82 | -3,590 | -871 | 88 | -561 | -872 | -552 | -919 | -1,535 |
Net increase in advances from FHLB | |||||||||||
0 | -500 | 500 | 0 | 960 | 730 | 2,180 | 2,930 | 2,220 | 2,350 | 3,400 | - |
Payments on advances from FHLB | |||||||||||
- | - | - | - | 1,880 | 730 | 2,180 | 4,284 | 2,250 | 2,350 | 5,000 | 5,462 |
Proceeds from issuance of senior notes | |||||||||||
0 | 420 | 999 | 0 | 460 | 540 | 0 | 1,305 | 427 | 0 | - | - |
Payments on senior notes | |||||||||||
0 | 0 | 1,049 | 0 | 800 | 940 | 0 | 1,174 | 425 | 0 | - | - |
Payments on trust preferred securities | |||||||||||
0 | 413 | 0 | 0 | 15 | 0 | 0 | - | - | - | - | - |
Proceeds from issuance of preferred stock | |||||||||||
0 | 0 | 300 | 400 | 0 | 0 | - | - | - | - | - | - |
Repurchases of common stock | |||||||||||
1,085 | 1,139 | 362 | 452 | 50 | 0 | 0 | - | - | - | - | - |
Proceeds from issuance of common stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | 733 | 0 |
Advances from FHLB | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,350 |
Claims settlement under Section 16(b) | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Net cash flow from derivatives hedging liabilities | |||||||||||
- | - | - | - | 16 | 170 | -5 | -25 | 41 | 218 | 161 | 179 |
Proceeds from issuance of 12 1/2% Notes | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 150 |
Other | |||||||||||
-23 | -32 | -36 | -28 | -19 | 53 | 2 | -17 | -17 | 39 | -75 | 14 |
Net cash (used in) financing activities | |||||||||||
-7,990 | 45 | 11,387 | 2,075 | -395 | -2,469 | -2,327 | 156 | 259 | -1,086 | -2,562 | -4,415 |
Effect of exchange rates on cash | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | 21 | -44 |
Decrease in cash, cash equivalents and segregated cash | |||||||||||
-715 | 1,541 | -1,607 | 120 | 450 | -55 | -924 | 662 | -274 | -1,108 | -370 | 2,075 |
Supplemental disclosures: | |||||||||||
Cash paid for interest | |||||||||||
255 | 157 | 126 | 77 | 212 | 318 | 277 | 592 | 435 | 425 | 665 | 1,612 |
(Refund received) cash paid for income taxes, net | |||||||||||
112 | 11 | 8 | 6 | 8 | 0 | 2 | 6 | -6 | -78 | 19 | -415 |
Right-of-use assets recognized upon adoption of new lease standard | |||||||||||
193 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Right-of-use assets obtained during the period | |||||||||||
43 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Non-cash investing and financing activities: | |||||||||||
Transfers of loans held-for-investment to loans held-for-sale | |||||||||||
78 | 0 | 57 | 0 | 39 | 795 | 41 | - | 0 | 252 | 389 | - |
Transfers from loans to other real estate owned and repossessed assets | |||||||||||
17 | 15 | 27 | 34 | 27 | 53 | 75 | 128 | 180 | 314 | 272 | 267 |
Transfers from other real estate owned and repossessed assets to loans | |||||||||||
- | - | - | - | - | 16 | 0 | - | - | - | - | - |
Conversion of convertible debentures to common stock | |||||||||||
0 | 0 | 3 | 5 | 30 | 5 | 0 | - | 660 | 316 | 720 | 0 |
TransferOfAvailableForSaleSecuritiesToHeldToMaturity | |||||||||||
744 | 1,200 | 0 | 492 | 0 | 0 | - | - | - | - | - | - |
Transfer of held-to-maturity securities to available-for-sale securities | |||||||||||
0 | 4,700 | 0 | 0 | - | - | - | - | - | - | - | - |
Early redemption premium on corporate debt | |||||||||||
- | - | - | - | 75 | - | - | - | - | - | - | - |
Reclassification of market making business assets and liabilities to business held-for-sale | |||||||||||
- | - | - | - | - | - | 79 | - | 0 | - | - | - |
Transfers from loans to available-for-sale securities | |||||||||||
- | - | - | - | - | - | - | - | - | 222 | - | 0 |
Reclassification of loans held-for-investment to loans held-for-sale | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Convertible debentures issued in connection with the Debt Exchange | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,741 | 0 |
Capitalized interest in the form of 2017 Notes | |||||||||||
- | - | - | - | - | - | - | - | - | - | 183 | 121 |
Issuance of common stock upon acquisition | |||||||||||
- | - | - | - | - | - | - | - | - | - | 9 | 9 |
Issuance of common stock to retire debentures | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 555 |