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

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities
Income after income taxes	$ 1,600	$ 895
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	198	89
Depreciation and amortization	355	299
Share-based compensation expense	82	97
Deferred income tax expense	164	40
Net change in:
Trading account securities	15	(15)
Loans held for sale	464	(115)
Other assets	(1,109)	(247)
Other liabilities	893	455
Other, net	8	67
Net cash provided by operating activities	2,670	1,565
Investing activities
Change in interest bearing deposits in banks	287	611
Net cash (paid) received from business combinations	(223)
Net cash (paid) received from business combinations		466
Proceeds from:
Maturities and calls of available-for-sale securities	3,298	5,408
Maturities and calls of held-to-maturity securities	2,306	3,073
Maturities and calls of other securities	829	0
Sales of available-for-sale securities	0	5,860
Purchases of available-for-sale securities	(6,365)	(14,995)
Purchases of held-to-maturity securities	(2,845)	(3,685)
Purchases of other securities	(1,009)	0
Net proceeds from sales of portfolio loans and leases	937	479
Principal payments received under direct finance and sales-type leases	1,389	899
Net loan and lease activity, excluding sales and purchases	(8,375)	5,130
Purchases of premises and equipment	(165)	(157)
Purchases of loans and leases	(569)	(771)
Net accrued income and other receivables activity	96	(1,009)
Net cash paid for branch disposition	0	(618)
Other, net	63	98
Net cash provided by (used in) investing activities	(10,346)	789
Financing activities
Increase in deposits	3,050	5,136
Increase (decrease) in short-term borrowings	783	(1,062)
Net proceeds from issuance of long-term debt	5,379	646
Maturity/redemption of long-term debt	(1,902)	(2,649)
Dividends paid on preferred stock	(84)	(109)
Dividends paid on common stock	(673)	(531)
Repurchases of common stock	0	(500)
Net proceeds from issuance of preferred stock	0	486
Payment to repurchase preferred stock	0	(600)
Other, net	(23)	(21)
Net cash provided by financing activities	6,530	796
Increase (decrease) in cash and cash equivalents	(1,146)	3,150
Cash and cash equivalents at beginning of period	5,522	6,595
Cash and cash equivalents at end of period	4,376	9,745
Supplemental disclosures:
Interest paid	269	135
Income taxes (received) paid	(113)	262
Non-cash activities
Loans transferred to held-for-sale from portfolio	764	385
Loans transferred to portfolio from held-for-sale	65	83
Transfer of securities from available-for-sale to held-to-maturity	$ 4,225	3,007
Preferred Stock
Non-cash activities
Stock issued in business combination		185
Common Stock-Par Value $0.01 per share
Non-cash activities
Stock issued in business combination		7,000
TCF Financial Corporation
Non-cash activities
Fair value of tangible assets acquired		46,300
Goodwill and other intangible assets		3,500
Liabilities assumed		$ 42,600