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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities:      
Net income $ 491,795 $ 468,532 $ 419,930
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 275,098 273,600 298,996
Goodwill impairment 17,000 12,500 0
Total securities impairment 1,660 180 3,864
Amortization of intangibles 39,208 50,856 60,691
Accretion of discount, loan fees and purchase market adjustments, net (128,170) (176,114) (299,018)
FDIC indemnification expense 55,129 115,049 267,159
Provision for loan losses 193,638 106,301 107,546
Amortization of stock based compensation 4,175 4,515 8,311
Net change in trading account assets (20,180) (42,258) 225,850
Net change in trading account liabilities (8,440) 46,573 (233,745)
Net change in loans held for sale 84,234 13,428 266,356
Deferred tax (benefit) expense (110,902) (9,081) 34,130
Investment securities gains, net (81,656) (53,042) (31,371)
(Gain) loss on prepayment of FHLB and other borrowings 8,016 315 (21,775)
Loss on sale of premises and equipment 868 5,906 11,661
(Gain) loss on sale of loans (22,091) 82 0
Net (gain) loss on sale of other real estate and other assets 508 (1,511) (8,458)
Loss on disposition 0 981 0
(Increase) decrease in other assets 190,261 (459,288) 18,402
Increase (decrease) in other liabilities (320,949) 443,712 6,864
Net cash provided by operating activities 669,202 801,236 1,135,393
Investing Activities:      
Proceeds from sales of investment securities available for sale 3,369,062 1,114,215 1,126,609
Proceeds from prepayments, maturities and calls of investment securities available for sale 1,564,910 1,382,949 1,968,803
Purchases of investment securities available for sale (5,856,808) (4,409,991) (3,719,792)
Proceeds from prepayments, maturities and calls of investment securities held to maturity 123,188 195,276 212,483
Purchases of investment securities held to maturity (85,929) (7,312) (210,830)
Purchases of trading securities (4,831,626) (2,472,209) 0
Proceeds from sales of trading securities 3,548,071 0 0
Net change in loan portfolio (4,426,260) (6,799,260) (5,907,928)
Purchase of premises and equipment (160,526) (127,060) (167,231)
Proceeds from sale of premises and equipment 8,138 19,238 233
Net cash paid in acquisition (12,567) (97,566) 0
Proceeds from sales of loans 488,550 107,936 203,958
Payments to FDIC for covered assets (1,924) (12,709) (19,546)
Proceeds from sales of other real estate owned 20,011 25,895 101,677
Net cash used in investing activities (6,253,710) (11,080,598) (6,411,564)
Financing Activities:      
Net increase in demand deposits, NOW accounts and savings accounts 3,564,104 5,998,569 2,921,046
Net increase (decrease) in time deposits 1,216,583 741,352 (126,256)
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (379,349) 276,933 (249,021)
Net increase in other short-term borrowings 1,486,920 2,540,133 1,828
Proceeds from FHLB and other borrowings 5,300,000 2,195,418 425,000
Repayment of FHLB and other borrowings (4,664,941) (1,688,797) (346,347)
Vesting of restricted stock (3,720) (4,702) (5,741)
Restricted stock grants retained to cover taxes (2,984) (2,507) (2,228)
Issuance of preferred stock 229,475 0 0
Issuance of common stock 0 117,000 100,000
Common dividends paid (95,000) (102,000) 0
Preferred dividends paid (2,093) (2,092) (2,092)
Net cash provided by financing activities 6,648,995 10,069,307 2,716,189
Net increase (decrease) in cash and cash equivalents 1,064,487 (210,055) (2,559,982)
Cash and cash equivalents, January 1 3,388,405 3,598,460 6,158,442
Cash and cash equivalents, December 31 $ 4,452,892 $ 3,388,405 $ 3,598,460