Northern Trust Corporation (Corporation only) (Tables) (Parent Company)

12 Months Ended

Dec. 31, 2012

Parent Company

Condensed Balance Sheet

CONDENSED BALANCE SHEET	DECEMBER 31,
(In Millions)	2012			2011
ASSETS
Cash on Deposit with Subsidiary Bank	$	6.5		$	6.5
Time Deposits with Subsidiary Banks		1,691.4			1,269.2
Securities		4.9			97.1
Advances to Wholly-Owned Subsidiaries – Banks		1,035.0			1,035.0
– Nonbank		5.0			5.0
Investments in Wholly-Owned Subsidiaries – Banks		7,225.6			6,890.6
– Nonbank		142.6			152.6
Buildings and Equipment		3.4			3.4
Other Assets		377.7			375.5
Total Assets	$	10,492.1		$	9,834.9
LIABILITIES
Senior Notes	$	2,405.8		$	2,126.7
Floating Rate Capital Debt		277.0			276.9
Other Liabilities		282.3			314.0
Total Liabilities		2,965.1			2,717.6
STOCKHOLDERS’ EQUITY
Common Stock		408.6			408.6
Additional Paid-in Capital		1,012.7			977.5
Retained Earnings		6,702.7			6,302.3
Accumulated Other Comprehensive Loss		(283.0	)		(345.6	)
Treasury Stock		(314.0	)		(225.5	)
Total Stockholders’ Equity		7,527.0			7,117.3
Total Liabilities and Stockholders’ Equity	$	10,492.1		$	9,834.9

Condensed Statement of Income

CONDENSED STATEMENT OF INCOME	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2012			2011		2010
OPERATING INCOME
Dividends – Bank Subsidiaries	$	440.0		$	500.0	$	–
– Nonbank Subsidiaries		26.2			5.1		67.2
Intercompany Interest and Other Charges		30.0			19.8		11.4
Interest and Other Income		10.6			13.3		6.9
Total Operating Income		506.8			538.2		85.5
OPERATING EXPENSES
Interest Expense		74.9			66.9		50.8
Other Operating Expenses		13.0			12.6		15.4
Total Operating Expenses		87.9			79.5		66.2
Income before Income Taxes and Equity in Undistributed Net Income of Subsidiaries		418.9			458.7		19.3
Benefit for Income Taxes		21.1			24.8		23.0
Income before Equity in Undistributed Net Income of Subsidiaries		440.0			483.5		42.3
Equity in Undistributed Net Income of Subsidiaries – Banks		266.9			71.0		636.9
– Nonbank		(19.6	)		49.1		(9.7	)
Net Income	$	687.3		$	603.6	$	669.5
Net Income Applicable to Common Stock	$	687.3		$	603.6	$	669.5

Condensed Statement of Cash Flows

CONDENSED STATEMENT OF CASH FLOWS	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2012			2011			2010
OPERATING ACTIVITIES:
Net Income	$	687.3		$	603.6		$	669.5
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Equity in Undistributed Net Income of Subsidiaries		(247.3	)		(120.1	)		(620.9	)
Change in Prepaid Expenses		(0.9	)		0.2			1.2
Change in Accrued Income Taxes		34.7			28.5			61.8
Other, net		(36.0	)		(41.1	)		(13.3	)
Net Cash Provided by Operating Activities		437.8			471.1			98.3
INVESTING ACTIVITIES:
Change in Time Deposits with Banks		(422.2	)		292.1			(77.2	)
Purchases of Securities – Available for Sale		(0.4	)		(91.4	)		(109.7	)
Proceeds from Sale, Maturity and Redemption of Securities – Available for Sale		94.3			105.4			4.7
Change in Capital Investments in Subsidiaries		0.3			(0.5	)		(204.8	)
Advances to Wholly-Owned Subsidiaries		–			(750.0	)		–
Other, net		–			–			(0.9	)
Net Cash Used in Investing Activities		(328.0	)		(444.4	)		(387.9	)
FINANCING ACTIVITIES:
Change in Senior Notes		300.0			250.0			497.2
Treasury Stock Purchased		(162.4	)		(79.0	)		(5.9	)
Net Proceeds from Stock Options		106.8			75.6			70.6
Cash Dividends Paid on Common Stock		(354.3	)		(273.7	)		(273.2	)
Other, net		0.1			0.1			1.2
Net Cash Provided by (Used in) Financing Activities		(109.8	)		(27.0	)		289.9
Net Change in Cash on Deposit with Subsidiary Bank		–			(0.3	)		0.3
Cash on Deposit with Subsidiary Bank at Beginning of Year		6.5			6.8			6.5
Cash on Deposit with Subsidiary Bank at End of Year	$	6.5		$	6.5		$	6.8