Pnc financial services group, inc. (PNC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Operating Activities
Net income

5,418

5,346

5,388

3,985

4,143

4,207

4,212

2,994

3,071

3,397

2,403

914

1,491

Provision for credit losses

773

408

441

433

255

273

643

987

1,152

2,502

3,930

1,517

315

Depreciation and amortization

1,315

1,129

1,117

1,193

1,088

988

1,146

1,159

1,140

1,059

978

463

391

Deferred income taxes

303

133

-403

326

404

255

1,196

563

840

1,019

932

-261

78

Net gains on sales of securities

-

-

-

-

-

-

99

204

249

426

550

106

1

Net other-than-temporary impairments

-

-

-

-

-

-

-

111

152

325

577

312

6

Charge for goodwill impairment

-

-

-

-

-

-

-

45

-

-

-

-

-

Changes in fair value of mortgage servicing rights

645

172

323

179

274

514

-261

284

726

434

-149

-

-

Gain on sales of Visa Class B common shares

-

-

-

126

169

209

168

267

-

160

1,076

-

0

Gain on sale of PNC Global Investment Servicing

-

-

-

-

-

-

-

-

-

639

0

-

-

Net gains related to BlackRock LTIP shares adjustment

-

-

-

-

-

-

-

-

-

-

103

246

-127

Noncash charges on trust preferred securities redemptions

-

-

-

-

-

-

57

295

198

-

-

-

-

Undistributed earnings of BlackRock

531

525

727

361

407

441

373

302

262

291

144

129

207

Visa redemption gain

-

-

-

-

-

-

-

-

-

-

-

-95

0

Excess tax benefits from share-based payment arrangements

-

-

-

-

-

-

23

18

2

-

-

13

15

Net change in
Trading securities and other short-term investments

-560

893

-305

1,167

-203

-757

455

-1,350

-330

-468

-61

-1,459

552

Loans held for sale

123

-1,635

1,148

935

-393

405

94

1,125

-77

1,154

-1,110

-303

1,441

Other assets

788

-108

-647

744

-1,568

8

-3,954

-1,928

4,142

-753

-5,485

1,974

-37

Accrued expenses and other liabilities

132

295

-704

652

-1,788

169

-3,990

-690

3,330

-1,571

-8,118

5,140

-498

Other

341

-32

-340

-65

439

515

190

301

328

904

-418

-130

147

Net cash provided (used) by operating activities

7,363

7,840

5,579

3,500

5,525

5,585

5,555

6,809

6,033

4,812

5,754

7,414

-416

Investing Activities
Sales
Securities available for sale

7,755

7,505

5,647

3,456

6,723

4,432

7,974

9,358

20,533

23,343

18,861

10,283

6,056

BlackRock stock via secondary common stock offering

-

-

-

-

-

-

-

-

-

1,198

-

-

-

Visa shares

-

-

-

-

-

-

-

-

-

-

-

95

0

Loans

1,664

1,323

2,001

1,897

2,040

2,870

2,559

1,611

1,770

1,868

644

76

329

Repayments/maturities
Securities available for sale

11,974

9,388

10,734

11,061

7,920

6,915

9,668

9,195

6,074

7,730

7,291

4,225

4,374

Securities held to maturity

3,348

2,447

2,948

3,209

2,032

1,987

2,483

3,174

2,859

2,433

495

21

0

Purchases
Securities available for sale

23,739

23,418

13,605

19,495

26,367

7,989

18,419

17,164

25,551

36,653

34,078

19,381

15,884

Securities held to maturity

1,751

3,370

5,605

4,305

4,896

500

1,883

1,479

1,607

1,296

2,367

101

0

Loans

1,027

690

841

1,334

748

750

1,975

1,796

2,401

4,275

970

249

2,747

Net change in
Federal funds sold and resale agreements

4,899

-5,837

-245

126

481

131

-530

732

1,487

-1,313

-560

1,301

-1,147

Interest-earning deposits with banks

-12,520

17,702

-2,884

4,835

1,233

-19,643

-8,151

-2,526

441

2,684

10,237

-6,302

0

Loans

14,963

7,335

10,483

5,940

3,972

12,147

10,790

14,333

10,224

-7,855

-13,863

4,595

2,160

Net cash (paid for) received from acquisition and divestiture activity

-75

-

1,342

-

0

-

-

4,130

-430

-2,202

3,396

-2,761

2,543

Purchases of corporate and bank owned life insurance

-

-

-

-

-

-

-

-

200

800

-

350

117

Other

705

1,684

1,220

817

706

199

-129

-97

160

-753

541

770

800

Net cash provided (used) by investing activities

-24,990

-3,969

-14,895

-7,307

-16,260

-24,893

-18,935

-17,261

-6,549

5,729

9,479

-12,986

-14,639

Financing Activities
Net change in
Noninterest-bearing deposits

-1,166

-6,016

-264

1,212

5,765

3,182

341

7,149

8,909

5,872

7,169

1,719

230

Interest-bearing deposits

21,882

8,690

8,255

7,367

10,812

8,130

7,463

902

-4,863

-8,844

-9,849

2,065

1,769

Federal funds purchased and repurchase agreements

4,260

392

-148

18

-1,733

-778

965

-2

-1,151

152

-1,173

-8,081

4,057

TARP warrant

-

-

-

-

-

-

-

-

-

-

-

304

0

Supervisory Capital Assessment Program - common stock

-

-

-

-

-

-

-

-

-

-

624

-

0

Federal Home Loan Bank borrowings

4,800

1,500

-

-

-

-

-

-

-

-

-

5,050

4,750

Commercial paper

-

-100

100

-

-

-

-5,607

4,762

227

1,929

-

-

-

Federal Home Loan Bank borrowings

-

-

-

-

-

-

-

-1,000

-1,000

280

-280

2,000

-2,000

Other borrowed funds

-495

20

459

272

-9

109

221

-279

-789

-1,549

-1,726

840

514

Sales/issuances
Federal Home Loan Bank borrowings

12,040

9,500

11,000

1,000

2,250

15,685

16,435

13,000

1,000

-

2,092

-

-

Bank notes and senior debt

8,977

3,238

7,062

5,601

8,173

6,184

3,938

2,093

1,244

3,230

2,461

3,626

4,523

Subordinated debt

744

1,243

-

-

-

745

1,986

995

-

-

-

759

943

Commercial paper

-

-

-

-

1,394

8,797

12,595

16,480

9,565

4,424

-

-

-

Other borrowed funds

1,131

500

427

165

694

505

695

1,011

460

396

234

96

250

Perpetual trust securities

-

-

-

-

-

-

-

-

-

-

-

369

490

Preferred stock

-

-

-

519

-

-

496

2,449

988

-

-

492

0

Common and treasury stock

90

69

132

151

139

252

244

158

72

3,486

247

375

253

Repayments/maturities
Federal Home Loan Bank borrowings

22,000

10,536

7,512

3,559

2,147

8,592

12,960

10,500

1,076

4,373

9,671

1,158

232

Bank notes and senior debt

5,600

6,175

1,800

3,750

2,624

3,089

1,420

4,037

2,612

2,808

3,887

3,815

1,590

Subordinated debt

700

575

2,758

488

524

-57

731

1,769

1,942

257

1,000

140

887

Commercial paper

-

-

-

-

6,219

8,687

10,444

17,060

8,236

3,638

-

-

-

Other borrowed funds

1,174

548

318

555

1,622

467

340

1,090

741

1,039

211

156

217

Preferred stock - TARP

-

-

-

-

-

-

-

-

-

7,579

-

7,275

0

Preferred stock redemption

-

-

-

-

500

-

150

-

-

-

-

-

-

Excess tax benefits from share-based payment arrangements - financing

-

-

-

-

-

-

23

18

2

-

-

13

15

Redemption of noncontrolling interests

-

-

1,000

-

0

-

375

500

-

-100

-

-

-

Acquisition of treasury stock

3,578

2,877

2,447

2,062

2,152

1,176

24

216

73

204

188

234

963

Preferred stock cash dividends paid

236

236

236

209

219

232

237

177

56

146

388

21

0

Common stock cash dividends paid

1,895

1,601

1,266

1,061

1,038

1,000

911

820

604

204

430

902

806

Net cash provided (used) by financing activities

17,080

-3,512

9,686

4,621

10,440

19,625

12,203

11,567

1,324

-11,532

-15,416

6,476

15,099

Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash

-547

359

370

814

-295

317

-1,177

1,115

808

-991

-183

904

44

Supplemental Disclosures
Interest paid

3,742

2,835

1,743

1,317

1,005

863

891

1,208

1,517

1,871

3,151

2,145

2,973

Income taxes paid

430

372

72

658

919

1,102

234

39

842

752

66

797

662

Income taxes refunded

17

468

24

111

286

12

3

16

41

54

718

91

3

Leased assets obtained in exchange for new operating lease liabilities

317

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash Investing and Financing Items
Transfer from loans to loans held for sale, net

958

403

419

606

285

724

119

665

926

890

-172

-1,763

-288

Issuance of stock for acquisitions

-

-

-

-

-

-

-

-

-

-

-

6,066

4,019

Issuance of preferred stock for National City acquisition

-

-

-

-

-

-

-

-

-

-

-

-

0

Transfer from loans to foreclosed assets

174

193

215

281

435

604

703

1,042

822

1,218

1,012

45

24

Transfer from trading securities to available for sale securities

328

-

192

-

0

-

-

-

-

-

-

599

0

Exchange of junior subordinated debentures for senior notes

-

-

-

-

-

-

-

500

-

-

-

-

-