Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 754,403 $ 472,858
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 136,206 115,896
Depreciation and amortization 307,063 299,444
Share-based compensation expense 72,747 48,568
Deferred income tax expense (benefit) 36,244 (18,094)
Net gains on sales of securities (3,781) (1,763)
Impairment losses recognized in earnings on available-for-sale securities 3,687 76
Net change in:    
Trading account securities 44,807 926
Loans held for sale (164,405) (194,735)
Accrued income and other assets (136,485) (169,453)
Accrued expense and other liabilities 42,162 144,496
Other, net 13,647 (12,413)
Net cash provided by (used for) operating activities 1,106,295 685,806
Investing activities    
Change in interest bearing deposits in banks 20,688 33,221
Payments to Acquire Businesses, Net of Cash Acquired 0 (133,218)
Proceeds from:    
Maturities and calls of available-for-sale and other securities 1,081,091 1,266,031
Maturities of held-to-maturity securities 792,996 850,170
Sales of available-for-sale and other securities 1,255,152 3,893,482
Purchases of available-for-sale and other securities (3,208,608) (5,434,332)
Purchases of held-to-maturity securities (689,670) 0
Net proceeds from sales of portfolio loans 427,142 352,277
Net loan and lease activity, excluding sales and purchases (2,159,966) (3,286,238)
Purchases of premises and equipment (144,637) (63,688)
Proceeds from sales of other real estate 25,156 21,765
Purchases of loans and leases (112,859) (359,208)
Other, net 11,556 (249)
Net cash provided by (used for) investing activities (2,701,959) (2,859,987)
Financing activities    
Increase (decrease) in deposits 2,837,396 853,806
Increase (decrease) in short-term borrowings (1,865,157) 363,518
Net proceeds from issuance of long-term debt 1,773,096 2,081,643
Maturity/redemption of long-term debt (882,977) (684,746)
Dividends paid on preferred stock (56,632) (46,409)
Dividends paid on common stock (261,593) (168,656)
Payments for Repurchase of Common Stock (123,204) 0
Proceeds from stock options exercised 9,316 6,084
Net proceeds from issuance of preferred stock 0 584,936
Payments related to tax-withholding for share based compensation awards (25,613) 0
Other, net 0 (1,212)
Net cash provided by (used for) financing activities 1,404,632 2,988,964
Increase (decrease) in cash and cash equivalents (191,032) 814,783
Cash and cash equivalents at beginning of period 1,384,770 847,156
Cash and cash equivalents at end of period 1,193,738 1,661,939
Supplemental disclosures:    
Interest paid 307,493 159,357
Income taxes paid (refunded) 71,165 3,869
Non-cash activities    
Loans transferred to held-for-sale from portfolio 446,152 3,204,732
Loans transferred to portfolio from held-for-sale 4,751 92,585
Transfer of loans to OREO 23,691 18,678
Available For Sale Securities Transferred To Held To Maturity Securities $ 992,760 $ 0