Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities    
Net income $ 149,143 $ 153,274
Adjustments to reconcile net income to net cash provided by operating activities:    
Goodwill, Impairment Loss 3,000 0
Provision for credit losses 24,630 29,592
Depreciation and amortization 82,015 67,177
Share-based compensation expense 9,418 8,021
Change in deferred income taxes (17,054) 48,565
Originations of loans held for sale (461,764) (798,655)
Principal payments on and proceeds from loans held for sale 447,907 865,553
Gain on sale of loans held for sale (4,890) (20,258)
Gains on early extinguishment of debt 0 0
Net gain on sales of securities (16,970) (187)
Impairment losses recognized in earnings on available-for-sale securities 0 696
Other Noncash Income (Expense) 0 0
Net change in    
Trading account securities (4,866) 4,685
Accrued income and other assets (21,970) (11,854)
Accrued expense and other liabilities (32,635) (134,700)
Net cash provided by (used for) operating activities 155,964 211,909
Investing activities    
Decrease (Increase) in interest bearing deposits in banks (14,188) 37,292
Net cash received in acquisitions (13,452) 0
Proceeds from:    
Maturities and calls of available-for-sale and other securities 265,286 438,838
Maturities of held-to-maturity securities 100,965 50,136
Sales of available-for-sale and other securities 1,063,118 230,038
Purchases of available-for-sale and other securities (1,655,751) (618,975)
Purchases of held-to-maturity securities 0 0
Net proceeds from sales of loans 58,847 39,150
Net loan and lease activity, excluding sales (718,861) (660,070)
Proceeds from sale of operating lease assets 287 3,786
Purchases of premises and equipment (10,613) (23,942)
Proceeds from sales of other real estate 6,261 9,206
Purchases of loans and leases (40,121) (21,541)
Other, net 1,704 401
Net cash provided by (used for) investing activities (956,518) (515,681)
Financing activities    
Increase (decrease) in deposits 1,284,940 616,206
Increase (decrease) in short-term borrowings 836,892 154,490
Maturity/redemption of subordinated notes (124,908) 0
Proceeds from Federal Home Loan Bank advances 325,000 175,000
Maturity/redemption of Federal Home Loan Bank advances (1,873,791) (1,000,481)
Proceeds from Issuance of Other Long-term Debt 500,000 0
Maturity/redemption of long-term debt 0 (2,086)
Dividends paid on preferred stock (7,964) (7,973)
Dividends paid on common stock (41,146) (33,683)
Proceeds from Issuance of Common Stock 2,597 0
Repurchase of common stock (136,137) (33,600)
Other, net 7,203 1,781
Net cash provided by (used for) financing activities 772,686 (130,346)
Increase (decrease) in cash and cash equivalents (27,868) (434,118)
Cash and cash equivalents at beginning of period 1,001,132 1,262,806
Cash and cash equivalents at end of period 973,264 828,688
Supplemental disclosures:    
Interest paid 35,341 38,312
Income taxes paid (refunded) 114 3,254
Non-cash activities    
Loans transfered to portfolio from held-for-sale 46,619 0
Transfer of securities to held-to-maturity from available for sale 0 0
Loans transferred to loans held for sale 0 26,316
Dividends accrued, paid in subsequent quarter $ 48,019 $ 40,195