Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 51

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 51
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 Preferred Stock of $1,395.898, $322.724, $662.50, $343.75, $234.375, $250.00, $231.25 and $281.25, respectively.

See Notes to Consolidated Financial Statements. 

32U.S. Bancorp

U.S. Bancorp 

Consolidated Statement of Cash Flows 

(Dollars in Millions) (Unaudited)Three Months EndedMarch 3120252024Operating ActivitiesNet income attributable to U.S. Bancorp$1,709 $1,319 Adjustments to reconcile net income to net cash (used in) provided by operating activitiesProvision for credit losses537 553 Depreciation and amortization of premises and equipment92 90 Amortization of intangibles123 146 (Gain) loss on sales of loans held for sale(44)(36)(Gain) loss on sales of securities and other assets(28)(9)Loans originated for sale, net of repayments(4,185)(4,674)Proceeds from sales of loans held for sale4,705 4,740 Other, net(3,194)532 Net cash (used in) provided by operating activities(285)2,661 Investing ActivitiesProceeds from sales of available-for-sale investment securities1,011 172 Proceeds from maturities of held-to-maturity investment securities1,387 1,301 Proceeds from maturities of available-for-sale investment securities1,340 1,412 Purchases of held-to-maturity investment securities(644)(93)Purchases of available-for-sale investment securities(2,104)(4,851)Net increase in loans outstanding(2,636)(1,128)Proceeds from sales of loans766 36 Purchases of loans(221)(296)Net increase in securities purchased under agreements to resell(813)(1,274)Other, net(634)(232)Net cash used in investing activities(2,548)(4,953)Financing ActivitiesNet (decrease) increase in deposits(5,782)15,751 Net increase in short-term borrowings1,640 1,823 Proceeds from issuance of long-term debt3,590 3,565 Principal payments or redemption of long-term debt(2,101)(2,172)Proceeds from issuance of common stock16 13 Repurchase of common stock