Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income $ 472,858 $ 514,648
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 115,896 63,486
Depreciation and amortization 299,444 262,788
Share-based compensation expense 48,568 39,136
Net gain on sales of securities (1,687) (270)
Net change in:    
Trading account securities 926 3,582
Loans held for sale (194,735) (267,494)
Accrued income and other assets (169,453) (215,692)
Deferred income taxes (18,094) 10,957
Accrued expense and other liabilities 144,496 10,344
Other, net (12,413) (20,659)
Net cash provided by (used for) operating activities 685,806 400,826
Investing activities    
Change in interest bearing deposits in banks 33,221 (1,246)
Cash paid for acquisition of a business, net of cash received (133,218) (457,836)
Proceeds from:    
Maturities and calls of available-for-sale and other securities 1,266,031 1,477,446
Maturities of held-to-maturity securities 850,170 434,192
Sales of available-for-sale and other securities 3,893,482 151,326
Purchases of available-for-sale and other securities (5,434,332) (3,272,586)
Purchases of held-to-maturity securities 0 (215,447)
Net proceeds from securitization 0 780,117
Net proceeds from sales of portfolio loans 352,277 307,726
Net loan and lease activity, excluding sales and purchases (3,286,238) (2,181,839)
Purchases of premises and equipment (63,688) (69,021)
Proceeds from sales of other real estate 21,765 28,056
Purchases of loans and leases (359,208) (241,141)
Other, net (249) 581
Net cash provided by (used for) investing activities (2,859,987) (3,259,672)
Financing activities    
Increase (decrease) in deposits 853,806 2,616,219
Increase (decrease) in short-term borrowings 363,518 (966,928)
Sale of deposits 0 (47,521)
Net proceeds from issuance of long-term debt 2,081,643 2,327,041
Maturity/redemption of long-term debt (684,746) (895,441)
Dividends paid on preferred stock (46,409) (23,901)
Dividends paid on common stock (168,656) (145,572)
Repurchases of common stock 0 (222,983)
Proceeds from stock options exercised 6,084 4,647
Net proceeds from issuance of preferred stock 584,936 0
Other, net (1,212) 17,078
Net cash provided by (used for) financing activities 2,988,964 2,662,639
Increase (decrease) in cash and cash equivalents 814,783 (196,207)
Cash and cash equivalents at beginning of period 847,156 1,220,565
Cash and cash equivalents at end of period 1,661,939 1,024,358
Supplemental disclosures:    
Interest paid 159,357 54,409
Income taxes paid (refunded) 3,869 117,225
Non-cash activities    
Loans transferred to held-for-sale from portfolio 3,204,732 347,656
Loans transferred to portfolio from held-for-sale 92,585 16,425
Transfer of loans to OREO $ 18,678 $ 17,789