Bank of America 2010 Annual Report Download - page 245
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Condensed Statement of Cash Flows
(Dollars in millions)
2010 2009 2008
Operating activities
Net income (loss)
$ (2,238)
$ 6,276 $ 4,008
Reconciliation of net income (loss) to net cash provided by operating activities:
Equity in undistributed (earnings) losses of subsidiaries
4,702
(2,076) 12,715
Other operating activities, net
(996)
4,400 (598)
Net cash provided by operating activities
1,468
8,600 16,125
Investing activities
Net (purchases) sales of securities
5,972
3,729 (12,142)
Net payments from (to) subsidiaries
3,531
(25,437) 2,490
Other investing activities, net
2,592
(17) 43
Net cash provided by (used in) investing activities
12,095
(21,725) (9,609)
Financing activities
Net increase (decrease) in commercial paper and other short-term borrowings
8,052
(20,673) (14,131)
Proceeds from issuance of long-term debt
29,275
30,347 28,994
Retirement of long-term debt
(27,176)
(20,180) (13,178)
Proceeds from issuance of preferred stock
–
49,244 34,742
Repayment of preferred stock
–
(45,000) –
Proceeds from issuance of common stock
–
13,468 10,127
Cash dividends paid
(1,762)
(4,863) (11,528)
Other financing activities, net
3,280
4,149 5,030
Net cash provided by financing activities
11,669
6,492 40,056
Net increase (decrease) in cash held at bank subsidiaries
25,232
(6,633) 46,572
Cash held at bank subsidiaries at January 1
91,892
98,525 51,953
Cash held at bank subsidiaries at December 31
$117,124
$ 91,892 $ 98,525
Bank of America 2010 243