Condensed MUFG Americas Holdings Corporation Unconsolidated Financial Statements (Parent Company)

12 Months Ended

Dec. 31, 2016

Condensed Balance Sheets



	December 31,
(Dollars in millions)	2016		2015
Assets
Cash and cash equivalents	$	1,542	$	407
Investments in and advances to subsidiaries
Bank subsidiary	15,990		16,993
Nonbank subsidiaries	3,175		1,929
Other assets	59		25
Total assets	$	20,766	$	19,354
Liabilities and Stockholders' Equity
Long-term debt	$	3,470	$	2,932
Other liabilities	63		44
Total liabilities	3,533		2,976
Stockholders' equity	17,233		16,378
Total liabilities and stockholders' equity	$	20,766	$	19,354

Condensed Statements of Income



	Years Ended December 31,
(Dollars in millions)	2016			2015			2014
Income:
Rental Income	$	16		$	16		$	—
Interest income on advances to subsidiaries and deposits in bank	22			9			—
Total income	38			25			—
Expense:
Interest expense	75			65			21
Other expense	19			20			4
Total expense	94			85			25
Income (loss) before income taxes and equity in undistributed net income of subsidiaries	(56		)	(60		)	(25		)
Income tax benefit	(22		)	(24		)	(10		)
Income (loss) before equity in undistributed net income of subsidiaries	(34		)	(36		)	(15		)
Equity in undistributed net income (loss) of subsidiaries:
Bank subsidiary	900			558			752
Nonbank subsidiaries	124			122			45
Net Income	$	990		$	644		$	782

Condensed Statements of Cash Flows



	Years Ended December 31,
(Dollars in millions)	2016			2015			2014
Cash Flows from Operating Activities:
Net income	$	990		$	644		$	782
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity in undistributed net (income) loss of subsidiaries	(1,024		)	(680		)	(797		)
Other, net	—			9			1
Net cash provided by (used in) operating activities	(34		)	(27		)	(14		)
Cash Flows from Investing Activities:
Investments in and advances to subsidiaries	(1,197		)	(2,070		)	—
Repayment of investments in and advances to subsidiaries	1,820			7			165
Net cash used in investing activities	623			(2,063		)	165
Cash Flows from Financing Activities:
Capital contribution from BTMU	—			—			—
Proceeds from issuance of subordinated loan due to BTMU	—			—			—
Proceeds from issuance of senior debt	545			2,197			—
Repayment of subordinated debt	—			(17		)	—
Repayment of junior subordinated debt	—			—			(14		)
Other, net	1			(11		)	—
Net cash provided by (used in) financing activities	546			2,169			(14		)
Net increase (decrease) in cash and cash equivalents	1,135			79			137
Cash and cash equivalents at beginning of year	407			328			191
Cash and cash equivalents at end of year	$	1,542		$	407		$	328