XML 108 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Consolidated Statements of Cash Flows [Abstract]    
Net cash provided by operating activities $ 119,465 $ 165,150
Investing activities:    
Proceeds from redemption of tax certificates 25,660 52,161
Proceeds from maturities of investment securities   200
Purchase of investment securities and tax certificates (2,073) (21,604)
Proceeds from the maturities of interest bearing deposits 5,655 34,003
Proceeds from sales of securities available for sale 25,816 104,238
Proceeds from maturities of securities available for sale 13,916 263,609
Purchase of securities available for sale   (9,932)
Cash paid in settlement of liabilities held for sale (668)  
Redemption of FHLB stock 9,980 18,334
Distributions from unconsolidated affiliates 82 291
Net repayments of loans 322,050 306,259
Proceeds from the sales of loans transferred to held for sale 1,000 27,793
Additions to real estate owned (2,501)  
Proceeds from sales of real estate owned 24,944 21,485
Purchases of office property and equipment, net (3,476) (3,265)
Proceeds from the sale of communities division, net 27,750  
Net cash outflow from sale of BankAtlantic (1,191,617)  
Net cash outflow from sale of Tampa branches   (257,255)
Net cash provided by investing activities (743,482) 536,317
Financing activities:    
Net increase (decrease) in deposits 179,062 (246,197)
Net repayments of FHLB advances   (170,020)
BB&T preferred interest in FAR distributions (76,014)  
Payment of TruPS deferred interest (51,314)  
Net increase in short term borrowings and federal funds purchased   (21,804)
Repayment of notes, mortgage notes payable and other borrowings (257,949) (156,701)
Proceeds from notes, mortgage notes payable and other borrowings 148,686 40,372
Payments for debt issuance costs (2,659) (1,301)
Preferred stock dividends paid   (563)
Proceeds from issuance of subsidiaries' common stock to non-BFC shareholders   1,001
Proceeds from the exercise of stock options 2  
Distributions to non-controlling interest (7,350) (4,415)
Net cash provided by (used in) financing activities (67,536) (559,628)
Increase (decrease) in cash and cash equivalents (691,553) 141,839
Cash and cash equivalents at beginning of period 853,132 [1] 588,846 [1]
Cash and cash equivalents held for sale   5,850
Cash and cash equivalents at end of period 161,579 [2] 736,535 [2]
Supplemental cash flow information:    
Interest paid on borrowings and deposits 93,992 56,310
Income taxes paid 3,617 1,594
Income tax refunded (1,103)  
Supplementary disclosure of non-cash investing and financing activities:    
Assumption of TruPS obligation by BB&T 285,000  
Loans and tax certificates transferred to real estate owned 30,994 49,188
Loans receivable transferred to loans held-for-investment 14,185  
Loans receivable transferred to loans held-for-sale 35,209 62,208
Inventory acquired through financing 1,270  
Increase (decrease) in accumulated other comprehensive income (loss), net of taxes 13,009 (12,112)
Net increase (decrease) in shareholders' equity from the effect of subsidiaries' capital transactions, net of income taxes 1,313 (588)
Decrease in equity attributable to Woodbridge's dissenting holders (2,846)  
Decrease in equity due to the change in fair value of shares subject to mandatory redemption (472)  
Change due to the re-classification of redeemable preferred stock to shares subject to mandatory redemption $ (11,029)  
[1] Included in cash and interest bearing deposits in other banks on the balance sheet as of December 31, 2011 and 2010 was $5.7 million and $45.6 million, respectively, of time deposits. These time deposits had original maturities of greater than 90 days and are not considered cash equivalents.
[2] Included in cash and interest bearing deposits in other banks on the balance sheet as of September 30, 2012 and 2011 was $0.5 million and $11.6 million, respectively, of time deposits. These time deposits had original maturities of greater than 90 days and are not considered cash equivalents.