Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.3.1.900
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 514,648 $ 468,778
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment of goodwill 0 3,000
Provision for credit losses 63,486 78,495
Depreciation and amortization 262,788 238,974
Share-based compensation expense 39,136 33,656
Net gain on sales of securities (270) (17,658)
Net change in:    
Trading account securities 3,582 (30,887)
Increase (Decrease) in Loans Held-for-sale 267,494 61,895
Accrued income and other assets (215,692) (157,163)
Deferred income taxes 10,957 12,266
Accrued expense and other liabilities 10,344 61,660
Other, net (20,659) 0
Net cash provided by (used for) operating activities 400,826 629,226
Investing activities    
Change in interest bearing deposits in banks (1,246) (15,855)
Cash paid for acquisition of a business, net of cash received (457,836) 691,637
Proceeds from:    
Maturities and calls of available-for-sale and other securities 1,477,446 1,056,833
Maturities of held-to-maturity securities 434,192 337,175
Sales of available-for-sale and other securities 151,326 1,093,176
Purchases of available-for-sale and other securities (3,272,586) (3,436,111)
Purchases of held-to-maturity securities (215,447) 0
Net proceeds from securitization 780,117 0
Net proceeds from sales of portfolio loans 307,726 254,663
Net loan and lease activity, excluding sales and purchases (2,181,839) (3,229,382)
Proceeds from sale of operating lease assets 0 362
Purchases of premises and equipment (69,021) (31,559)
Proceeds from sales of other real estate 28,056 29,741
Purchases of loans and leases (241,141) (286,819)
Purchase of customer list 0 (946)
Other, net 581 3,495
Net cash provided by (used for) investing activities (3,259,672) (3,533,590)
Financing activities    
Increase (decrease) in deposits 2,616,219 1,321,398
Increase (decrease) in short-term borrowings (966,928) 833,741
Sale of deposits (47,521) 0
Proceeds from issuance of long-term debt 2,327,041 1,255,499
Maturity/redemption of long-term debt (895,441) (204,346)
Dividends paid on preferred stock (23,901) (23,891)
Dividends paid on common stock (145,572) (121,253)
Repurchase of common stock (222,983) (299,720)
Proceeds from stock options exercised 4,647 16,700
Net proceeds from issuance of common stock 0 2,597
Other, net 17,078 2,369
Net cash provided by (used for) financing activities 2,662,639 2,783,094
Increase (decrease) in cash and cash equivalents (196,207) (121,270)
Cash and cash equivalents at beginning of period 1,220,565 1,001,132
Cash and cash equivalents at end of period 1,024,358 879,862
Supplemental disclosures:    
Income taxes paid (refunded) 117,225 87,454
Interest paid 54,409 98,080
Non-cash activities    
Loans transferred to held-for-sale from portfolio 347,656 85,022
Loans transferred to portfolio from held-for-sale 16,425 45,240
Transfer of loans to OREO 17,789 30,721
Dividends accrued, paid in subsequent quarter $ 53,436 $ 46,580