XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1Close
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 1,466 $ 1,305
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Depreciation and amortization 132 123
Deferred income taxes, net (28) (22)
Premium and discount amortization on available-for-sale securities and bank loans and net unrealized gain/loss on other investments (30) (37)
Provisions for credit losses and legal and regulatory matters, net 0 191
Share-based compensation expense 201 192
Unrealized gain on company-owned life insurance policies, net of expenses (174) (125)
Other 18 (1)
Net change in:    
Collateralized agreements, net of collateralized financings 664 9
Loans (provided to) financial advisors, net of repayments (146) 16
Brokerage client receivables and other receivables, net (509) 456
Trading instruments, net (78) 62
Derivative instruments, net 35 (224)
Other assets (18) (43)
Brokerage client payables and other payables 72 (5,764)
Accrued compensation, commissions and benefits 59 (95)
Purchases and originations of loans held for sale, net of proceeds from sales of securitizations and loans held for sale (19) 9
Net cash provided by/(used in) operating activities 1,645 (3,948) Close
Cash flows from investing activities:    
Increase in bank loans, net (1,737) (762)
Proceeds from sales of loans held for investment 337 600
Purchases of available-for-sale securities (397) (561)
Available-for-sale securities maturations, repayments and redemptions 1,279 977
Additions to property and equipment (155) (122)
Sales of Federal Reserve Bank (“FRB”) and Federal Home Loan Bank (“FHLB”) stock, net 0 3
Investment in solar tax credit equity investment (15) 0
Purchases of other investments, net 0 (6)
Other investing activities, net (69) (61)
Net cash provided by/(used in) investing activities (757) 68 Close
Cash flows from financing activities:    
Increase in bank deposits 202 2,411
Repurchases of common stock and share-based awards withheld for payment of withholding tax requirements (655) (860)
Dividends on common and preferred stock (288) (266)
Exercise of stock options and employee stock purchases 37 37
Redemption of preferred stock 0 (40)
Proceeds from FHLB advances 1,300 2,550
Repayments of FHLB advances and other borrowed funds (1,350) (2,741)
Other financing, net (2) (2)
Net cash provided by/(used in) financing activities (756) 1,089 Close
Currency adjustment:    
Effect of exchange rate changes on cash and cash equivalents, including those segregated for regulatory purposes 56 346 Close
Net increase/(decrease) in cash and cash equivalents, including those segregated for regulatory purposes and restricted cash 188 (2,445) Close
Cash and cash equivalents, including those segregated for regulatory purposes and restricted cash at beginning of year 12,548 14,659
Cash and cash equivalents, including those segregated for regulatory purposes and restricted cash at end of period 12,736 12,214
Cash and cash equivalents, including those segregated for regulatory purposes and restricted cash    
Cash and cash equivalents 9,095 8,375
Cash and cash equivalents segregated for regulatory purposes and restricted cash 3,641 3,839
Total cash and cash equivalents, including those segregated for regulatory purposes and restricted cash at end of period 12,736 12,214
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,575 858
Cash paid for income taxes, net 548 536
Cash outflows for lease liabilities 91 92
Non-cash right-of-use assets recorded for new and modified leases $ 51 $ 112