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Interim Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income before noncontrolling interests $ 561,764,000 $ 133,649,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 18,679,000 243,480,000
Gains on investment securities, net (167,078,000) (46,055,000)
Distributions of earnings from non-marketable and other equity securities 21,581,000 12,346,000
Depreciation and amortization 30,949,000 24,824,000
Amortization of premiums and discounts on investment securities, net 49,161,000 13,565,000
Amortization of share-based compensation 26,691,000 19,171,000
Amortization of deferred loan fees (52,903,000) (33,016,000)
Deferred income tax expense (benefit) 57,513,000 (60,126,000)
Excess tax benefit from exercise of stock options and vesting of restricted shares (10,888,000) (2,575,000)
Changes in other assets and liabilities:    
Accrued interest receivable and payable, net (40,913,000) 23,982,000
Accounts receivable and payable, net 10,462,000 (45,311,000)
Income tax receivable and payable, net 92,515,000 66,581,000
Accrued compensation (279,210,000) (236,834,000)
Foreign exchange spot contracts, net 107,418,000 (12,583,000)
Proceeds from termination of interest rate swaps 0 180,500,000
Other, net (195,907,000) (69,013,000)
Net cash provided by operating activities 213,922,000 168,125,000
Cash flows from investing activities:    
Purchases of available-for-sale securities (450,009,000) (1,538,553,000)
Proceeds from sales of available-for-sale securities 0 2,654,212,000
Proceeds from maturities and paydowns of available-for-sale securities 1,653,915,000 785,692,000
Purchases of held-to-maturity securities (21,685,125,000) (358,650,000)
Proceeds from maturities and paydowns of held-to-maturity securities 1,769,795,000 646,212,000
Purchases of non-marketable and other equity securities (20,626,000) (12,177,000)
Proceeds from sales and distributions of capital of non-marketable and other securities 274,435,000 45,720,000
Net increase in loans (2,538,473,000) (2,796,409,000)
Purchases of premises and equipment (13,851,000) (25,088,000)
Net cash used for investing activities (21,009,939,000) (599,041,000)
Cash flows from financing activities:    
Net increase in deposits 22,168,299,000 154,150,000
Net increase in short-term borrowings 17,881,000 3,120,732,000
Proceeds from issuance of long-term debt 494,355,000 0
(Distributions to noncontrolling interests), net of contributions from noncontrolling interests (12,854,000) (328,000)
Net proceeds from the issuance of preferred stock 739,195,000 0
Payment of preferred stock dividend (4,594,000) (3,369,000)
Common stock repurchases 0 (60,020,000)
Proceeds from issuance of common stock, ESPP and ESOP, net of restricted stock awards 973,831,000 (584,000)
Net cash provided by financing activities 24,376,113,000 3,210,581,000
Net increase in cash and cash equivalents 3,580,096,000 2,779,665,000
Cash and cash equivalents at beginning of period 17,674,763,000 6,781,783,000
Cash and cash equivalents at end of period 21,254,859,000 9,561,448,000
Cash paid during the period for:    
Interest 16,720,000 46,145,000
Income taxes 28,841,000 31,988,000
Noncash items during the period:    
Changes in unrealized gains and losses on available-for-sale securities, net of tax (594,453,000) 348,923,000
Transfers from available-for-sale securities to held-to-maturity 2,867,891,000 0
Equity warrant assets    
Changes in fair values of derivatives, net (29,445,000) 18,574,000
Derivative    
Changes in fair values of derivatives, net $ 13,533,000 $ (63,034,000)