Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 711,821 $ 692,957 $ 632,392
Adjustments to reconcile net income to net cash provided by (used for) operating activities:      
Impairment of goodwill 0 0 3,000
Provision for credit losses 190,802 99,954 80,989
Depreciation and amortization 379,772 341,281 332,832
Share-based compensation expense 65,608 51,415 43,666
Net gains on sales of securities (2,035) (3,184) (17,554)
Impairment losses recognized in earnings on available-for-sale securities 2,119 2,440 0
Net Change in:      
Trading account securities (96,298) 5,194 (6,618)
Loans held for sale (123,047) 53,765 (58,803)
Accrued income and other assets (95,758) (233,624) (438,366)
Deferred income taxes 164,747 68,776 35,174
Accrued expense and other liabilities 4,001 (34,846) 282,074
Other, net 13,570 (10,766) 0
Net cash provided by (used for) operating activities 1,215,302 1,033,362 888,786
Investing activities      
Decrease (increase) in interest-bearing deposits in banks 26,067 12,721 (7,516)
Net cash (paid) received in acquisitions (133,218) (457,836) 691,637
Proceeds from:      
Maturities and calls of available-for-sale securities 2,113,383 1,907,669 1,480,505
Maturities of held-to-maturity securities 1,212,179 594,905 452,785
Sales of available-for-sale securities 6,154,326 163,224 1,152,907
Purchases of available-for-sale securities (10,887,582) (4,506,764) (4,553,857)
Purchases of held-to-maturity securities 0 (379,351) 0
Net proceeds from sales of loans 2,981,184 1,304,309 353,811
Net loan and lease activity, excluding sales and purchases (3,950,901) (3,186,775) (4,232,350)
Proceeds from sale of operating lease assets 0 2,227 17,591
Purchases of premises and equipment (120,438) (93,097) (58,862)
Proceeds from sales of other real estate 50,299 36,038 38,479
Purchases of loans and leases (410,625) (333,726) (345,039)
Cash Provided by (Used in) Investing Activities, Discontinued Operations (479,571) 0 0
Purchases of customer lists 0 0 (946)
Other, net (456) 7,802 6,074
Net cash provided by (used for) investing activities (3,445,353) (4,928,654) (5,004,781)
Financing activities      
Increase (decrease) in deposits (292,259) 3,644,492 2,923,928
Increase (decrease) in short-term borrowings 1,899,561 (1,818,947) 118,698
Sale of deposits 0 (47,521) 0
Proceeds from issuance of long-term debt 2,127,750 3,232,227 2,000,000
Maturity/redemption of long-term debt (1,274,838) (1,036,717) (198,922)
Dividends paid on preferred stock (54,380) (31,872) (31,854)
Dividends paid on common stock (245,208) (192,518) (166,935)
Repurchase of common stock 0 (251,844) (334,429)
Proceeds from stock options exercised 16,981 19,000 17,710
Net proceeds from issuance of common stock 0 0 2,597
Net proceeds from issuance of preferred stock 584,936 0 0
Other, net 5,122 5,583 4,635
Net cash provided by (used for) financing activities 2,767,665 3,521,883 4,335,428
Increase (decrease) in cash and cash equivalents 537,614 (373,409) 219,433
Cash and cash equivalents at beginning of period 847,156 1,220,565 1,001,132
Cash and cash equivalents at end of period 1,384,770 847,156 1,220,565
Supplemental disclosures:      
Interest paid 241,073 153,590 131,488
Income taxes paid 4,979 150,403 139,918
Non-cash activities:      
Loans transferred to held-for-sale from portfolio 3,436,692 1,727,440 96,643
Loans transferred to portfolio from held-for-sale 481,516 278,080 45,240
Transfer of loans to OREO 78,693 24,625 39,066
Transfer of securities to held-to-maturity from available-for-sale $ 2,870,257 $ 3,000,180 $ 0