Supplemental disclosure on the consolidated statements of cash flows

12 Months Ended

Dec. 31, 2015

Supplemental Cash Flow Information

Supplemental Disclosure on the Consolidated Statements of Cash Flows

Note 43–Supplemental disclosure on the consolidated statements of cash flows

Additional disclosures on cash flow information and non-cash activities for the years ended December 31,2015, 2014and2013are listed in the following table:

(In thousands)			2015		2014		2013
Income taxes paid		$	7,152	$	54,520	$	51,047
Interest paid			193,503		696,631		318,342
Non-cash activities:
Loans transferred to other real estate		$	136,368	$	154,358	$	228,009
Loans transferred to other property			36,106		38,958		33,997
Total loans transferred to foreclosed assets			172,474		193,316		262,006
Transfers from loans held-in-portfolio to loans held-for-sale			65,063		2,161,669		448,143
Transfers from loans held-for-sale to loans held-in-portfolio			17,065		41,293		27,016
Transfers from trading securities to available-for-sale securities			63,645		-		-
Loans securitized into investment securities[1]			1,088,121		899,604		1,391,594
Trades receivables from brokers and counterparties			78,759		66,949		71,680
Trades payable to brokers and counterparties			6,150		2,000		3,576
Recognition of mortgage servicing rights on securitizations or asset transfers			13,460		12,583		19,262
Loans sold to a joint venture in exchange for an acquisition
loan and an equity interest in the joint venture			-		-		194,514
[1]	Includes loans securitized into trading securities and subsequently sold before year end.

As previously disclosed in Note 5, Business Combination, on February 27, 2015, the Corporation’s Puerto Rico banking subsidiary, BPPR, in an alliance with co-bidders, including the Corporation’s U.S. mainland banking subsidiary, BPNA, acquired certain assets and all deposits (other than certain brokered deposits) of Doral Bank from the FDIC as receiver.As part of this transaction, BPPRreceived net cash proceeds of approximately $ 731 million for consideration of the assets and liabilities acquired.

During the year ended December 31, 2014 BPNA completed the sale of its Illinois, Central Florida and California regional operations. As part of these transactions, BPNA made a net cash disbursement of $206.0 million for consideration of the assets and liabilities sold, as follows:

(In thousands)		December 31, 2014
Loans held-for-sale	$	1,739,101
Premises and equipment, net		16,223
Other assets		16,853
Deposits		(2,009,816)
Other liabilities		(6,611)
Net liabilities sold	$	(244,250)