Huntington Bancshares Incorporated Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities
Income after income taxes	$ 1,171	$ 1,003
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	177	92
Depreciation and amortization	344	207
Share-based compensation expense	48	63
Deferred income tax expense	38	108
Net change in:
Trading account securities	(109)	12
Loans held for sale	(79)	485
Other assets	(617)	(206)
Other liabilities	(213)	67
Other, net	0	(7)
Net cash provided by operating activities	760	1,824
Investing activities
Change in interest bearing deposits in banks	5	321
Net cash (paid) received from business combinations	0	(223)
Proceeds from:
Maturities and calls of available-for-sale securities	1,060	2,401
Maturities and calls of held-to-maturity securities	710	1,699
Maturities and calls of other securities	337	812
Sales of available-for-sale securities	736	0
Sales of other securities	142	9
Purchases of available-for-sale securities	(1,549)	(5,246)
Purchases of held-to-maturity securities	(254)	(2,409)
Purchases of other securities	(600)	(936)
Net proceeds from sales of portfolio loans and leases	266	704
Principal payments received under direct finance and sales-type leases	950	902
Net loan and lease activity, excluding sales and purchases	(3,012)	(5,858)
Purchases of premises and equipment	(57)	(123)
Purchases of loans and leases	(25)	(493)
Net accrued income and other receivables activity	116	(818)
Other, net	43	53
Net cash (used in) provided by investing activities	(1,132)	(9,205)
Financing activities
(Decrease) increase in deposits	114	2,172
Increase in short-term borrowings	(207)	3,209
Net proceeds from issuance of long-term debt	13,594	2,075
Maturity/redemption of long-term debt	(8,536)	(1,158)
Dividends paid on preferred stock	(57)	(56)
Dividends paid on common stock	(449)	(449)
Net proceeds from issuance of preferred stock	317	0
Other, net	(29)	(26)
Net cash provided by financing activities	4,747	5,767
Increase (decrease) in cash and cash equivalents	4,375	(1,614)
Cash and cash equivalents at beginning of period	6,704	5,522
Cash and cash equivalents at end of period	11,079	3,908
Supplemental disclosures:
Interest paid	1,433	113
Income taxes (received) paid	93	(110)
Non-cash activities
Loans transferred to held-for-sale from portfolio	246	569
Loans transferred to portfolio from held-for-sale	12	31
Transfer of securities from available-for-sale to held-to-maturity	$ 0	$ 4,225