PNC Bank 2015 Annual Report Download - page 125
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CONSOLIDATED STATEMENT OF CASH FLOWS
THE PNC FINANCIAL SERVICES GROUP, INC.
Year ended December 31
In millions 2015 2014 2013
Operating Activities
Net income $ 4,143 $ 4,207 $ 4,212
Adjustments to reconcile net income to net cash provided (used) by operating activities
Provision for credit losses 255 273 643
Depreciation and amortization 1,088 988 1,146
Deferred income taxes 404 255 1,196
Net gains on sales of securities (43) (4) (99)
Changes in fair value of mortgage servicing rights 274 514 (261)
Gain on sales of Visa Class B common shares (169) (209) (168)
Noncash charges on trust preferred securities redemptions 57
Undistributed earnings of BlackRock (407) (441) (373)
Excess tax benefits from share-based payment arrangements (29) (28) (23)
Net change in
Trading securities and other short-term investments 203 757 (455)
Loans held for sale 393 (405) (94)
Other assets 1,568 (8) 3,954
Accrued expenses and other liabilities (1,788) 169 (3,990)
Other (396) (511) (190)
Net cash provided (used) by operating activities 5,496 5,557 5,555
Investing Activities
Sales
Securities available for sale 6,723 4,432 7,974
Loans 2,040 2,870 2,559
Repayments/maturities
Securities available for sale 7,920 6,915 9,668
Securities held to maturity 2,032 1,987 2,483
Purchases
Securities available for sale (26,367) (7,989) (18,419)
Securities held to maturity (4,896) (500) (1,883)
Loans (748) (750) (1,975)
Net change in
Federal funds sold and resale agreements 481 131 (530)
Interest-earning deposits with banks 1,233 (19,643) (8,151)
Loans (3,972) (12,147) (10,790)
Net cash (paid for) received from acquisition and divestiture activity (62)
Other (706) (137) 129
Net cash provided (used) by investing activities (16,260) (24,893) (18,935)
(continued on following page)
The PNC Financial Services Group, Inc. – Form 10-K 107