PNC Financial Services Group, Inc. PNC Cash Flow

Pnc financial services group, inc. (PNC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating Activities
Net income
915	1,381	1,392	1,374	1,271	1,351	1,400	1,356	1,239	2,091	1,126	1,097	1,074	1,047	1,006	989	943	1,022	1,073	1,044	1,004	1,057	1,038	1,052	1,060	1,074	1,028	1,115	995	712	925	546	811	493	834	912	832	820	1,103	803	671	1,107	559	207	530
Adjustments to reconcile net income to net cash provided (used) by operating activities
Provision for credit losses
914	-	-	-	189	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
-	-	-	-	-	148	88	80	92	125	130	98	88	67	87	127	152	74	81	46	54	52	55	72	94	113	137	157	236	318	228	256	185	190	261	280	421	442	486	823	751	1,049	914	1,087	880
Depreciation and amortization
328	411	325	307	272	290	272	287	280	258	291	289	279	276	356	291	270	286	272	278	252	264	248	240	236	263	300	300	283	298	307	285	269	290	281	290	279	306	311	216	226	231	242	247	258
Deferred income taxes
-226	220	-23	-5	111	249	-283	86	81	-550	67	59	21	497	-103	-19	-49	276	19	69	40	205	-54	87	17	217	187	533	259	83	68	231	181	680	287	-173	46	328	120	317	254	789	-45	-49	237
Net gains on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9	8	42	-	0	-6	10	3	21	61	14	45	40	62	57	62	68	82	37	68	121	147	90	144	168	182	56
Net other-than-temporary impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	2	4	10	15	24	34	38	44	35	39	34	44	71	94	116	144	129	155	149
Changes in fair value of mortgage servicing rights
620	-70	213	292	210	229	19	9	-85	92	78	120	33	-380	32	186	341	-23	254	-100	143	206	58	125	125	-10	3	-213	-41	16	52	181	35	77	419	184	46	-	-	-	-	-	-	-	-
Gain on sales of Visa Class B common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	82	44	-	-	-	-	36	57	54	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains related to BlackRock LTIP shares adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	103
Undistributed earnings of BlackRock
56	175	136	109	111	104	153	135	133	412	117	98	100	105	108	87	61	115	96	100	96	107	141	92	101	111	89	100	73	82	88	64	68	46	84	77	55	115	61	58	57	37	64	33	10
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13	20	16	0	5	14	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in
Trading securities and other short-term investments
1,014	181	724	-1,107	-358	1,186	-132	15	-176	-53	-1,328	671	405	138	164	-81	946	-38	-187	-207	229	-129	211	-223	-616	1,438	-520	-351	-112	-493	537	-263	-1,131	-467	916	-1,073	294	624	122	-329	-885	-96	227	931	-1,123
Loans held for sale
452	-759	766	436	-320	-725	412	353	-1,675	1,185	413	615	-1,065	445	-238	779	-51	-479	-305	123	268	185	121	87	12	212	-873	824	-69	1,127	-523	1,014	-493	525	-191	-245	-166	98	726	112	218	-843	-931	812	-148
Other assets
6,912	-1,298	-200	-645	2,931	-2,302	486	491	1,217	-609	413	90	-541	-1,435	-337	1,206	1,310	-3,983	2,437	-1,471	1,449	178	-432	-94	356	-1,273	-2,548	-67	-66	-1,811	51	-265	97	128	2,966	757	291	-2,164	883	965	-437	-2,391	577	-1,754	-1,917
Accrued expenses and other liabilities
5,376	-699	19	-984	1,796	-1,900	632	853	710	-709	369	520	-884	-1,545	18	1,095	1,084	-4,068	2,466	-1,230	1,044	-163	-49	25	356	-1,399	-1,310	-436	-845	-1,256	555	66	-55	-180	2,927	994	-411	-2,137	972	501	-907	-2,140	-881	-285	-4,812
Other
189	50	79	128	84	-33	45	60	-104	-492	-49	79	122	-496	165	111	155	54	113	79	193	266	101	119	29	92	15	42	41	37	110	64	90	48	321	-50	9	962	342	-196	-204	-120	-367	678	-609
Net cash provided (used) by operating activities
-696	3,115	604	2,243	1,401	2,137	1,164	1,617	2,922	864	2,495	630	1,590	1,205	1,534	485	276	1,892	1,977	1,396	260	1,005	1,110	1,550	1,920	-341	4,100	784	1,012	1,183	1,812	1,038	2,776	1,448	880	2,978	727	374	169	1,997	2,272	3,225	1,179	480	870
Investing Activities
Sales
Securities available for sale
5,447	2,554	2,384	1,977	840	2,083	233	728	4,461	1,455	688	302	3,202	939	433	1,302	782	3,382	939	615	1,787	868	205	2,012	1,347	1,024	3,136	2,574	1,240	848	1,916	3,102	3,492	3,397	2,113	7,005	8,018	5,349	3,871	8,083	6,040	6,250	4,551	5,316	2,744
Loans
314	427	717	214	306	143	419	282	479	508	717	438	338	359	663	504	371	427	655	569	389	1,004	571	598	697	897	774	537	351	391	449	382	389	352	391	437	590	-458	1,400	627	299	236	238	120	50
Repayments/maturities
Securities available for sale
4,332	4,012	3,167	2,692	2,103	2,447	2,463	2,451	2,027	2,539	2,806	2,599	2,790	3,378	2,788	2,890	2,005	1,907	2,080	2,171	1,762	1,566	1,915	1,780	1,654	1,648	2,788	2,622	2,610	2,593	2,404	2,204	1,994	1,785	1,497	1,202	1,590	1,861	1,965	2,089	1,815	1,739	1,923	2,086	1,543
Securities held to maturity
12	1,155	1,038	645	510	530	663	656	598	752	927	765	504	1,196	762	728	523	491	487	568	486	339	656	472	520	674	618	483	708	757	779	802	836	876	753	724	506	576	977	624	256	244	120	43	88
Purchases
Securities available for sale
11,889	6,560	6,038	7,280	3,861	5,783	3,859	7,871	5,905	4,929	2,042	1,492	5,142	4,316	7,997	3,741	3,441	8,821	7,840	3,536	6,170	2,932	1,449	1,918	1,690	5,236	6,398	4,015	2,770	2,857	4,203	3,156	6,948	4,630	8,055	5,629	7,237	8,309	15,233	3,957	9,154	8,714	9,749	9,587	6,028
Securities held to maturity
4	12	1,447	269	23	298	409	2,001	662	1,507	1,310	1,010	1,778	564	2,154	900	687	1,161	686	1,049	2,000	-	-	-	-	848	811	38	186	-	-	-	-	652	768	165	22	116	487	166	527	853	750	428	336
Loans
100	129	163	267	468	260	131	75	224	151	375	138	177	371	459	141	363	184	209	113	242	206	175	153	216	272	1,100	242	361	328	796	284	388	907	782	295	417	595	750	1,398	1,532	758	75	92	45
Net change in
Federal funds sold and resale agreements
965	1,707	-1,346	-272	4,810	-6,150	-121	337	97	152	-44	321	-674	-525	758	-353	246	164	436	-78	-41	-91	-237	-383	842	-1,076	701	-342	187	258	-79	-277	830	-405	552	-116	1,456	-1,623	121	-835	1,024	29	-606	-278	295
Interest-earning deposits with banks
3,427	-4,377	-674	-3,101	-4,368	8,907	2,172	6,849	-226	-3,882	-2,231	5,395	-2,166	1,348	-309	2,729	1,067	3,678	-255	-2,771	581	-5,531	-9,371	-2,000	-2,741	-4,087	-4,251	-2,256	2,443	-1,663	1,674	-1,911	-626	1,603	1,735	-3,148	251	-1,196	4,429	-4,430	3,881	-3,386	9,063	4,370	190
Loans
25,758	2,985	809	5,084	6,085	3,215	648	1,861	1,611	-123	3,526	4,721	2,359	489	1,792	2,129	1,530	2,470	485	844	173	4,941	369	3,519	3,318	3,577	2,719	3,519	975	4,424	1,703	4,860	3,346	4,495	4,336	1,851	-458	392	-2,459	-2,537	-3,251	-2,886	-3,279	-5,223	-2,475
Net cash (paid for) received from acquisition and divestiture activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	836	0	-35	3,329	-	-	-	-	-	-	-	-	-	-	-	-
Other
125	132	71	715	-213	719	-23	704	284	432	345	285	158	658	208	70	-119	139	173	129	265	-78	11	186	80	253	-76	-173	-133	-67	-112	70	12	-84	-143	307	80	-67	-93	-329	-264	532	-26	-119	154
Net cash provided (used) by investing activities
-23,379	-4,265	-3,242	-11,460	-6,023	-2,315	805	-1,209	-1,250	-5,391	-4,735	851	-5,620	297	-7,515	819	-908	-2,726	-5,051	-4,597	-3,886	-10,346	-8,265	-3,297	-2,985	-11,106	-7,186	-4,023	3,380	-5,628	-392	-4,133	-7,108	-2,823	-6,957	-1,882	5,113	-4,715	1,168	3,659	5,617	-2,859	4,624	6,892	822
Financing Activities
Net change in
Noninterest-bearing deposits
8,857	-1,346	4,172	-1,655	-2,337	-902	-4,252	821	-1,683	-99	498	281	-944	-1,950	4,275	-236	-877	993	863	2,421	1,488	510	1,949	977	-254	1,564	2,003	2,081	-5,307	5,888	-3	2,021	-757	3,840	2,451	3,884	-1,266	3,960	1,289	1,182	-559	519	1,992	1,196	3,462
Interest-bearing deposits
7,829	4,255	8,113	3,778	5,736	3,731	4,310	-563	1,212	4,421	1,142	-1,838	4,530	-802	5,824	-296	2,641	2,827	4,405	776	2,804	5,414	1,788	-766	1,694	3,298	1,756	-1,397	3,806	1,920	-668	-1,217	867	-3,822	3,344	-4,297	-88	253	-1,656	-4,914	-2,527	1,754	-4,520	-5,392	-1,691
Federal funds purchased and repurchase agreements
2,306	2,326	388	-686	2,232	-645	526	424	87	-115	-473	432	8	560	-385	-875	718	-300	-113	-12	-1,308	11	367	-101	-1,055	1,125	-1,138	304	674	-549	-289	-664	1,500	-119	-705	-264	-63	-515	972	-1,819	1,514	4	76	-868	-385
Commercial paper
-	-	-	-	-	0	0	0	-100	-	-	-	-	-	-	-	-	-	156	-49	-109	-	0	-249	-19	-1,769	-1,668	-1,080	-1,090	1,734	-124	1,864	1,288	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	280	-	-	-	-
Other borrowed funds
1,044	-418	42	-369	250	129	116	-214	-11	-370	344	-310	795	287	-539	396	128	-285	-436	-392	1,104	265	338	132	-626	937	-563	89	-242	111	-956	759	-193	451	-847	968	-1,361	-1,088	-401	1,089	-1,149	29	93	102	-1,950
Sales/issuances
Federal Home Loan Bank borrowings
9,060	40	0	7,000	5,000	-	-	-	-	5,000	0	1,500	4,500	-	-	-	-	0	0	1,000	1,250	5,535	2,500	3,650	4,000	-	-	-	-	2,000	4,000	2,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-
Bank notes and senior debt
3,486	2,047	2,492	2,291	2,147	0	500	747	1,991	1,753	1,246	2,243	1,820	1,746	999	1,859	997	1,745	1,496	3,189	1,743	1,251	1,297	1,893	1,743	748	748	1,444	998	4	0	999	1,090	-	-	-	-	-40	742	537	1,991	2	499	993	967
Subordinated debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	498	744	0	744	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial paper
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	71	1,322	2,060	2,205	1,380	3,152	2,218	5,133	2,872	2,372	1,151	6,212	4,892	4,225	-	-	-	-	-	-	-	-	-	-	-	-
Other borrowed funds
172	202	158	374	397	100	144	133	123	150	115	136	26	22	10	53	80	81	27	37	549	35	90	45	335	207	86	127	275	281	182	437	111	181	-4,355	2,433	2,201	-2,694	871	916	1,303	87	57	35	55
Common and treasury stock
23	17	33	18	22	8	21	7	33	38	26	8	60	88	34	11	18	9	21	49	60	49	24	53	126	49	64	102	29	11	35	42	70	37	11	10	14	20	25	32	3,409	73	53	51	70
Repayments/maturities
Federal Home Loan Bank borrowings
400	9,000	2,000	5,000	6,000	3,035	4,500	1,501	1,500	1,501	1,501	2,010	2,500	501	1,005	1,003	1,050	1,556	529	31	31	2,001	1,052	2,538	3,001	3,002	4,002	2,002	3,954	1,505	4,498	517	3,980	48	7	-2	1,023	1,063	997	556	1,757	2,038	2,797	3,688	1,148
Bank notes and senior debt
2,100	0	3,250	600	1,750	2,000	1,325	1,850	1,000	0	800	0	1,000	750	2,007	-4	997	-5	495	737	1,397	895	-6	1,705	495	-4	-1	981	444	-8	268	3,007	770	189	-4	902	1,525	353	-7	708	1,754	19	1,419	1,453	996
Subordinated debt
-	-	-	-	-	-	-	-	-	350	500	808	1,100	488	38	-20	-18	581	-18	-25	-14	-23	-12	-6	-16	-16	42	722	-17	-14	954	807	22	1,433	-15	44	480	-12	297	1	-29	471	-29	8	550
Commercial paper
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	957	1,988	1,465	1,809	2,030	2,395	1,055	3,207	2,446	2,871	2,345	2,782	5,163	4,826	4,157	2,914	-	-	-	-	-	-	-	-	-	-	-	-
Other borrowed funds
172	211	186	481	296	119	165	101	163	50	180	69	19	71	9	102	373	65	25	51	1,481	93	20	18	336	16	10	224	90	229	-828	811	878	134	-3,644	2,183	2,068	-2,817	1,514	1,292	1,050	86	51	32	42
Preferred stock - TARP
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,158	0	0	-7,579	-	-	-	-
Excess tax benefits from share-based payment arrangements - financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13	20	16	0	5	14	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of noncontrolling interests
-	-	-	-	-	-	-	-	-	0	0	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	375	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of treasury stock
1,522	952	1,013	787	826	732	504	801	840	520	553	686	688	503	505	503	551	554	578	557	463	543	342	250	41	1	0	1	22	56	109	26	25	7	14	19	33	32	56	49	67	64	42	47	35
Preferred stock cash dividends paid
63	55	63	55	63	55	63	55	63	55	63	55	63	41	63	41	64	41	63	47	68	47	70	47	68	49	70	51	67	52	62	25	38	24	4	24	4	24	4	25	93	119	99	119	51
Common stock cash dividends paid
503	509	518	432	436	442	446	355	358	362	364	269	271	270	275	256	260	259	263	265	251	252	257	256	235	234	233	234	210	212	212	211	185	183	185	184	52	53	53	53	45	46	46	45	293
Net cash provided (used) by financing activities
26,507	540	2,893	9,571	4,076	538	-2,146	368	-2,272	5,040	1,937	-1,445	4,154	-1,154	6,316	-969	428	1,064	2,497	3,462	3,417	9,537	6,427	1,916	1,745	10,582	3,943	3,342	-5,664	5,381	-1,272	3,069	4,389	1,498	6,194	-620	-5,748	3,914	-1,171	-5,661	-8,614	496	-6,174	-7,151	-2,587
Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash
2,432	-610	255	354	-546	360	-177	776	-600	513	-303	36	124	348	335	335	-204	230	-577	261	-209	196	-728	169	680	-865	857	103	-1,272	936	148	-26	57	123	117	476	92	-427	166	-5	-725	862	-371	221	-895
Supplemental Disclosures
Interest paid
638	827	1,010	998	907	954	699	681	501	542	408	446	347	337	316	319	345	241	261	252	251	236	209	213	205	193	258	207	233	265	310	295	338	352	346	374	445	452	498	406	515	625	710	833	983
Income taxes paid
36	109	104	187	30	48	222	95	7	19	23	22	8	197	177	265	19	392	336	163	28	413	138	531	20	6	14	182	32	3	14	15	7	6	139	432	265	181	232	31	308	13	3	41	9
Income taxes refunded
5	10	0	5	2	5	2	450	11	13	0	2	9	14	62	2	33	284	1	0	1	3	0	8	1	-	-	-	-	3	4	5	4	11	3	1	26	46	4	3	1	107	589	3	19
Leased assets obtained in exchange for new operating lease liabilities
57	79	2	81	155	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash Investing and Financing Items
Transfer from loans to loans held for sale, net
313	187	515	117	139	44	65	121	173	124	62	126	107	109	130	176	191	132	150	-4	7	239	95	320	70	9	97	-4	17	165	144	157	199	248	249	329	100	258	118	431	83	18	5	12	-207
Transfer from loans to foreclosed assets
37	43	41	42	48	48	45	55	45	51	52	55	57	56	67	77	81	95	113	124	103	139	150	154	161	148	177	177	201	210	323	273	236	246	224	191	161	154	394	288	382	314	261	224	213