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 |
|---|---|---|---|---|
| OPERATING ACTIVITIES | ||||
| Net income | 698 | 881 | 1,151 | 1,168 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Provision for credit losses | 49 | 89 | 60 | (384) |
| Benefit for deferred income taxes | (1) | (92) | (27) | 79 |
| Depreciation and amortization | 96 | 87 | 92 | 99 |
| Net periodic defined benefit credit | (47) | (27) | (91) | (81) |
| Share-based compensation expense | 54 | 52 | 60 | 41 |
| Net amortization of securities | 7 | 19 | 30 | 36 |
| Net securities losses | 19 | — | — | 0 |
| Net gains (losses) on sales of foreclosed and other bank property | (17) | (36) | (2) | 0 |
| Net change in accrued income receivable | 83 | (65) | (152) | 13 |
| Net change in accrued expenses payable | (157) | 348 | 131 | 132 |
| Other, net | (183) | (5) | (614) | (469) |
| Net cash provided by operating activities | 601 | 1,251 | 638 | 634 |
| INVESTING ACTIVITIES | ||||
| Maturities and redemptions of investment securities available-for-sale | 2,213 | 2,485 | 2,511 | 5,536 |
| 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 |
| Proceeds from sales of foreclosed property | 22 | 44 | 3 | 8 |
| Net increase in premises and equipment | (153) | (153) | (82) | (70) |
| Purchases of Federal Home Loan Bank stock | (613) | (504) | (131) | 0 |
| Redemptions of Federal Home Loan Bank stock | — | — | 0 | — |
| Redemptions of Federal Home Loan Bank stock | — | 325 | — | 115 |
| Redemptions of Federal Home Loan Bank Stock | 759 | — | — | — |
| Proceeds from bank-owned life insurance settlements | 35 | 30 | 39 | 16 |
| Other, net | 0 | 2 | 2 | (13) |
| Net cash provided by (used in) investing activities | 3,261 | 3,494 | (9,952) | 1,723 |
| FINANCING ACTIVITIES | ||||
| Net change in deposits | (3,003) | (4,634) | (10,401) | 8,438 |
| Net change in short-term borrowings | (3,565) | 354 | 3,211 | 0 |
| Maturities and redemptions of medium- and long-term debt | (500) | (850) | 0 | (2,800) |
| Issuances and advances of medium- and long-term debt | 1,000 | 4,000 | 500 | 0 |
| Issuance of preferred stock | — | — | 0 | 0 |
| Cash dividends paid on preferred stock | (23) | (23) | (23) | (23) |
| Repurchases of common stock | (100) | (17) | (43) | (729) |
| Stock tendered for payment of withholding taxes on common stock | (14) | — | — | — |
| Cash dividends paid on common stock | (377) | (371) | (353) | (369) |
| Issuances of common stock under employee stock plans | 22 | 18 | 28 | 34 |
| Other, net | 0 | (2) | (2) | 4 |
| Net cash used in financing activities | (6,560) | (1,525) | (7,083) | 4,555 |
| Net increase (decrease) in cash and cash equivalents | — | — | — | 6,912 |
| Cash and cash equivalents at beginning of period | — | — | 22,679 | 15,767 |
| Cash and cash equivalents at end of period | — | — | — | 22,679 |
| 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 | — |
| Cash and cash equivalents at end of period | 6,804 | 9,502 | 6,282 | — |
| Interest paid | 1,892 | 1,449 | 130 | 57 |
| Income taxes paid | 101 | 317 | 277 | 157 |
| Loans transferred to other real estate | — | — | — | 1 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.