XML 90 R181.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Parent Company Only Condensed Financial Information - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Adjustments to reconcile net income to net cash used for operating activities:      
Gains on equity warrant assets, net $ (138,078) $ (89,142) $ (54,555)
Gains on investment securities, net (134,670) (88,094) (45,547)
Amortization of share-based compensation 66,815 45,675 36,900
Other, net (74,240) (54,039) 15,909
Net cash provided by operating activities 1,164,129 933,562 646,865
Cash flows from investing activities:      
Net (increase) decrease in loans (4,773,775) (5,175,409) (3,170,099)
Acquisition of SVB Leerink 102,328 0 0
Net cash used for investing activities (9,371,882) (4,800,375) (5,970,496)
Cash flows from financing activities:      
Principal payments of long-term debt (358,395) 0 (97,781)
Proceeds from issuance of common stock, ESPP and ESOP 24,818 18,387 27,003
Net proceeds from the issuance of preferred stock 340,138 0 0
Common stock repurchase (352,511) (147,123) 0
Net cash provided by financing activities 11,417,997 4,515,277 5,700,956
Net increase in cash and cash equivalents 3,210,244 648,464 377,325
Cash and cash equivalents at beginning of period 3,571,539 2,923,075 2,545,750
Cash and cash equivalents at end of period 6,781,783 3,571,539 2,923,075
Parent Company      
Condensed Cash Flow Statements, Captions [Line Items]      
Net income available to common stockholders 1,136,856 973,840 490,506
Adjustments to reconcile net income to net cash used for operating activities:      
Gains on equity warrant assets, net (138,078) (89,142) (54,555)
Gains on investment securities, net (45,345) (13,546) (17,060)
Distributions of earnings from investment securities 49,776 47,596 14,015
Net income of subsidiaries (775,867) (154,987) (120,735)
Cash dividends from bank subsidiary 733,000 140,000 90,000
Amortization of share-based compensation 66,815 45,675 36,900
Decrease in other assets 27,205 51,169 12,959
Increase in other liabilities 21,391 21,619 11,774
Other, net 8,084 (31,024) 316
Net cash provided by operating activities 765,715 187,334 125,084
Cash flows from investing activities:      
Net decrease (increase) in investment securities from purchases, sales and maturities 128,635 73,742 (152,015)
Net (increase) decrease in loans (15,245) 0 13,337
Net cash used for investing activities (171,888) 37,127 (143,231)
Cash flows from financing activities:      
Principal payments of long-term debt (358,395) 0 (51,546)
Proceeds from issuance of common stock, ESPP and ESOP 24,818 18,387 27,003
Net proceeds from the issuance of preferred stock 340,138 0 0
Common stock repurchase 352,511 147,123 0
Net cash provided by financing activities (345,950) (128,736) (24,543)
Net increase in cash and cash equivalents 247,877 95,725 (42,690)
Cash and cash equivalents at beginning of period 553,049 457,324 500,014
Cash and cash equivalents at end of period 800,926 553,049 457,324
Bank Subsidiary | Parent Company      
Adjustments to reconcile net income to net cash used for operating activities:      
Net income of subsidiaries (1,036,618) (933,641) (446,769)
Cash flows from investing activities:      
Increase (decrease) in investment in subsidiaries (42,952) (31,292) (38,927)
Nonbank Subsidiaries | Parent Company      
Adjustments to reconcile net income to net cash used for operating activities:      
Net income of subsidiaries (57,371) (25,212) (13,002)
Cash flows from investing activities:      
Increase (decrease) in investment in subsidiaries 23,275 (5,323) 34,374
Acquisition of SVB Leerink $ 265,601 $ 0 $ 0