Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Net income $ 641,022 $ 542,613 $ 312,347
Adjustments to reconcile net income to net cash provided by operating activities:      
Goodwill, Impairment Loss 0 0  
Provision for credit losses 147,388 174,059 634,547
Depreciation and amortization 274,572 282,105 286,186
Change in current and deferred income taxes 177,706 84,555 161,367
Net sales (purchases) of trading account securities (45,306) 139,505 (101,747)
Originations of loans held for sale (3,814,572) (2,414,172) (3,864,273)
Principal payments on and proceeds from loans held for sale 3,731,465 2,820,797 3,535,550
Gains on early extinguishment of debt (798) (9,697) 0
Bargain Purchase Gain (11,217) 0 0
Net gain on sales of securities (6,388) (3,682) (13,448)
Impairment losses recognized in earnings on available-for-sale securities 1,619 7,363 13,722
Other, net (93,361) (28,659) (123,428)
Net cash provided by (used for) operating activities 1,002,130 1,594,787 840,823
Investing activities      
Decrease (Increase) in interest bearing deposits in banks 70,980 50,093 162,913
Net cash received in acquisitions 40,258 0 0
Proceeds from:      
Maturities and calls of available-for-sale and other securities 1,776,594 2,489,049 3,288,714
Maturities of held-to-maturity securities 113,576 31,163 0
Sales of available-for-sale and other securities 957,930 3,205,884 4,280,518
Purchases of available-for-sale and other securities (2,384,824) (4,283,866) (8,769,767)
Purchases of held-to-maturity securities (941,119) (204,082) 0
Net proceeds from sales of loans 3,092,643 1,640,237 941,615
Net loan and lease activity, excluding sales (3,287,000) (4,148,424) (2,764,575)
Proceeds from sale of operating lease assets 30,322 62,744 34,930
Purchases of premises and equipment (129,641) (143,763) (68,200)
Proceeds from sales of other real estate 56,762 55,817 113,298
Purchases of loans and leases (484,157) (59,885) 0
Other, net 4,698 327 3,770
Net cash provided by (used for) investing activities (1,082,978) (1,304,706) (2,776,784)
Financing activities      
Increase (decrease) in deposits 2,262,213 1,420,944 1,353,227
Increase (decrease) in short-term borrowings (939,979) (580,335) 1,128,887
Net proceeds from inssuance of subordinated notes 0 0 297,375
Maturity/redemption of subordinated notes (305,010) (5,000) (83,870)
Proceeds from Federal Home Loan Bank advances 2,515,000 550,000 450,000
Maturity/redemption of Federal Home Loan Bank advances (1,914,281) (359,732) (446,718)
Proceeds from Issuance of Other Long-term Debt 0 0 60,805
Maturity/redemption of long-term debt (1,070,804) (902,652) (848,756)
Repurchase of Warrant to the Treasury 0 (49,100) 0
Dividends paid on preferred stock (31,719) (30,813) (107,901)
Dividends paid on common stock (137,616) (61,591) (28,598)
Costs to issue preferred stock 0 (1,759) 0
Payments for Repurchase of Preferred Stock 0 0 (1,398,071)
Proceeds from Issuance of Common Stock 0 0 886,172
Repurchase of common stock (148,881) 0 0
Other, net (1,237) (1,963) (47)
Net cash provided by (used for) financing activities 227,686 (22,001) 1,262,505
Increase (decrease) in cash and cash equivalents 146,838 268,080 (673,456)
Supplemental disclosures:      
Income taxes paid (refunded) 6,389 80,065 (121,401)
Interest paid 231,897 357,212 552,955
Non-cash activities      
Loans transferred to loans held for sale 306,261 1,268,132 537,906
Transfer of securities to held-to-maturity from available for sale 278,748 469,070 0
Trust Preferred Securities Exchange 0 35,500 0
Dividends accrued, paid in subsequent quarter $ 47,312 $ 40,771 $ 23,373