CMA · As filed with the SEC
Comerica cash flow statement, by fiscal year
The statement as Comerica presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements Of Cash Flows · USD millions
| USD millions | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| OPERATING ACTIVITIES | ||||||||
| Net income | 698 | 881 | 1,151 | 1,168 | 474 | 1,198 | 1,235 | 743 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Provision for credit losses | 49 | 89 | 60 | (384) | 537 | 74 | (1) | 74 |
| Benefit for deferred income taxes | (1) | (92) | (27) | 79 | (89) | 12 | 24 | 79 |
| Depreciation and amortization | 96 | 87 | 92 | 99 | 108 | 114 | 120 | 121 |
| Net periodic defined benefit credit | (47) | (27) | (91) | (81) | (25) | (29) | (18) | (18) |
| Share-based compensation expense | 54 | 52 | 60 | 41 | 24 | 39 | 48 | 39 |
| Net amortization of securities | 7 | 19 | 30 | 36 | 15 | 2 | 3 | 6 |
| Accretion of loan purchase discount | — | — | — | — | 0 | 0 | (1) | (3) |
| Net securities losses | — | — | — | — | — | 7 | (19) | 0 |
| Net gains on sales of foreclosed property | — | — | — | — | — | 1 | (1) | (3) |
| Net change in accrued income receivable | — | — | — | — | — | 17 | (45) | (33) |
| Net securities losses | 19 | — | — | 0 | 0 | — | — | — |
| Net gains (losses) on sales of foreclosed and other bank property | (17) | (36) | (2) | 0 | (1) | — | — | — |
| Net change in accrued income receivable | 83 | (65) | (152) | 13 | 25 | — | — | — |
| Net change in accrued expenses payable | (157) | 348 | 131 | 132 | (29) | (27) | 49 | 41 |
| Other, net | (183) | (5) | (614) | (469) | (111) | (318) | 184 | 39 |
| Net cash provided by operating activities | 601 | 1,251 | 638 | 634 | 928 | 1,090 | 1,616 | 1,085 |
| INVESTING ACTIVITIES | ||||||||
| Maturities and redemptions of investment securities available-for-sale | 2,213 | 2,485 | 2,511 | 5,536 | 3,350 | 2,262 | 1,781 | 1,615 |
| Sales of investment securities available-for-sale | — | — | — | — | 0 | 987 | 1,256 | 1,259 |
| Purchases of investment securities available-for-sale | — | — | — | — | (5,804) | (3,346) | (3,032) | (3,112) |
| Maturities and redemptions of investment securities held-to-maturity | — | — | — | — | — | 0 | 0 | 319 |
| Sales of investment securities available-for-sale | 816 | — | — | 0 | — | — | — | — |
| Purchases of investment securities available-for-sale | (1,332) | 0 | (7,470) | (7,936) | — | — | — | — |
| Net change in loans | 1,514 | 1,265 | (4,824) | 4,067 | (2,136) | (324) | (1,045) | (175) |
| Proceeds from sales of foreclosed property | 22 | 44 | 3 | 8 | 5 | 1 | 8 | 22 |
| Net increase in premises and equipment | (153) | (153) | (82) | (70) | (79) | (86) | (90) | (69) |
| Purchases of Federal Home Loan Bank stock | (613) | (504) | (131) | 0 | (51) | (201) | (41) | (42) |
| Redemptions of Federal Home Loan Bank stock | — | — | 0 | — | — | — | — | — |
| Redemptions of Federal Home Loan Bank stock | — | 325 | — | 115 | 92 | 201 | 0 | 42 |
| Redemptions of Federal Home Loan Bank Stock | 759 | — | — | — | — | — | — | — |
| Proceeds from bank-owned life insurance settlements | 35 | 30 | 39 | 16 | 20 | 10 | 9 | 18 |
| Other, net | — | — | — | — | — | 2 | (2) | 3 |
| Other, net | 0 | 2 | 2 | (13) | 1 | — | — | — |
| Net cash provided by (used in) investing activities | 3,261 | 3,494 | (9,952) | 1,723 | (4,602) | (494) | (1,156) | (120) |
| FINANCING ACTIVITIES | ||||||||
| Net change in deposits | (3,003) | (4,634) | (10,401) | 8,438 | 15,554 | 1,711 | (2,082) | (1,180) |
| Net change in short-term borrowings | (3,565) | 354 | 3,211 | 0 | (71) | 27 | 34 | (15) |
| Maturities of medium- and long-term debt | — | — | — | — | — | (350) | 0 | (500) |
| Maturities and redemptions of medium- and long-term debt | (500) | (850) | 0 | (2,800) | (1,675) | — | — | — |
| Issuances and advances of medium- and long-term debt | 1,000 | 4,000 | 500 | 0 | 0 | 1,050 | 1,850 | 0 |
| Terminations of medium- and long-term debt | — | — | — | — | — | 0 | 0 | (16) |
| Issuance of preferred stock | — | — | 0 | 0 | 394 | — | — | — |
| Cash dividends paid on preferred stock | (23) | (23) | (23) | (23) | (8) | — | — | — |
| Repurchases of common stock | (100) | (17) | (43) | (729) | (199) | (1,394) | (1,338) | (560) |
| Stock tendered for payment of withholding taxes on common stock | (14) | — | — | — | — | — | — | — |
| Cash dividends paid on common stock | (377) | (371) | (353) | (369) | (375) | (402) | (263) | (180) |
| Issuances of common stock under employee stock plans | — | — | — | — | — | 18 | 52 | 118 |
| Other, net | — | — | — | — | — | 1 | 3 | (5) |
| Issuances of common stock under employee stock plans | 22 | 18 | 28 | 34 | 4 | — | — | — |
| Other, net | 0 | (2) | (2) | 4 | (1) | — | — | — |
| Net cash used in financing activities | (6,560) | (1,525) | (7,083) | 4,555 | 13,623 | 661 | (1,744) | (2,338) |
| Net increase (decrease) in cash and cash equivalents | — | — | — | 6,912 | 9,949 | 1,257 | (1,284) | (1,373) |
| Cash and cash equivalents at beginning of period | — | — | 22,679 | 15,767 | 5,818 | 4,561 | 5,845 | 7,218 |
| Cash and cash equivalents at end of period | — | — | — | 22,679 | 15,767 | 5,818 | 4,561 | 5,845 |
| Net (decrease) increase in cash and cash equivalents | — | 3,220 | (16,397) | — | — | — | — | — |
| Net (decrease) increase in cash and cash equivalents | (2,698) | — | — | — | — | — | — | — |
| Cash and cash equivalents at beginning of period | 9,502 | 6,282 | 22,679 | 15,767 | — | — | — | — |
| Cash and cash equivalents at end of period | 6,804 | 9,502 | 6,282 | — | — | — | — | — |
| Interest paid | 1,892 | 1,449 | 130 | 57 | 203 | 462 | 261 | 122 |
| Income taxes paid | 101 | 317 | 277 | 157 | 141 | 266 | 200 | 336 |
| Loans transferred to other real estate | — | — | — | 1 | 1 | 12 | 3 | 8 |
| Loans transferred from held-to-sale to portfolio | — | — | — | — | — | — | 0 | 0 |
| Residential mortgage-backed securities transferred from held-to-maturity to available-for-sale | — | — | — | — | 0 | 0 | 1,266 | 0 |
| Securities transferred from available-for-sale to equity securities | — | — | — | — | 0 | 0 | 81 | 0 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.