|
Consolidated Statement of Cash Mows
<br />Sources (uses) of cash flows
<br />For the year ended October 31 ($ millions)
<br />2010
<br />2009
<br />2008
<br />Cash flows from operating activities
<br />Net income $ 4,239 $ 3,547 $ 3,140
<br />Adjustments to determine net cash flows from (used in) operating activities:
<br />Depreciation and amortization 334 330 291
<br />Provision for credit losses 1,239 1,744 630
<br />Future income taxes 557 162 (367)
<br />Net gain (loss) on securities, other than trading (355) 412 374
<br />Changes in operating assets and liabilities:
<br />Net accrued interest receivable and payable 186 (229) 60
<br />Trading securities (7,052) (10,898) 13,721
<br />Derivative assets (2,642) 17,320 (15,292)
<br />Derivative liabilities 4,353 (12,009) 11,202
<br />Other, net (3,804) (11,426) 6,290
<br />Cash flows from financing activities
<br />Deposits
<br />Obligations related to securities sold under repurchase agreements
<br />Obligations related to securities sold short
<br />Subordinated debentures issued
<br />Subordinated debentures redemptions/repayments
<br />Preferred shares issued
<br />Common shares issued
<br />Common shares redeemed/purchased for cancellation
<br />Cash dividends paid
<br />Other, net
<br />Cash flows from investing activities
<br />interest-bearing deposits with banks
<br />Securities purchased under resale agreements
<br />Loans, excluding securitizations
<br />Loan securitizations
<br />Securities, other than trading
<br />Purchases
<br />Maturities
<br />Sales
<br />Land, buildings and equipment, net of disposals
<br />Other, nett"
<br />Effect of exchange rate changes on cash and cash equivalents
<br />Net change in cash and cash equivalents
<br />Cash and cash equivalents at beginning of year
<br />Cash and cash equivalents at end of year"'
<br />Cash disbursements made for
<br />(2,945) (11,047) 20,049
<br />
<br />14,248 17,031 28,106
<br />4,104 1,109 6,913
<br />6,872 3,165 (5,020)
<br />- 2,000 3,144
<br />(11) (359) (691)
<br />265 600 1,225
<br />753 585 234
<br />- - (40)
<br />(2,224) (2,176) (2,003)
<br />5,182 (1,789) (101)
<br />29,189 20,166 31,767
<br />
<br />(3,383) (5,781) (5,052)
<br />(9,789) 980 3,793
<br />(26,725) (12,583) (47,483)
<br />3,762 11,879 5,121
<br />(28,125) (40,197) (41,444)
<br />11,307 7,422 16,842
<br />28,214 31,985 19,346
<br />(304) (199) (401)
<br />(690) (1,635) (2,399)
<br />(25,733) (8,129) (51,677)
<br />(136) (209) 297
<br />375 781 436
<br />3,355 2,574 2,138
<br />$ 3,730 $ 3,355 $ 2,574
<br />Interest $ 8,415 $ 11,138 $ 14,544
<br />Income taxes $ 1,795 $ 1,234 $ 1,212
<br />(1) Comprises investments in subsidiaries, associated corporations and business units, and the purchase of assets related to these investments, which are net of non-cash consideration
<br />consisting of common shares issued from treasury of nil (2009 - $523; 2008 - nil), net of cash and cash equivalents at the date of acquisition of $203 (2009 - $4; 2008 $37), and
<br />net of non-cumulative preferred shares issued of nil (2009 - $250; 2008 - nip.
<br />(2) Represents cash and non-interest-bearing deposits with banks.
<br />The accompanying notes are an integral part of these consolidated financial statements.
<br />.,ri:?Lr,d Annual Report 1'13 -
|