Condensed MUFG Americas Holdings Corporation Unconsolidated Financial Statements (Parent Company)

12 Months Ended

Dec. 31, 2019

Condensed Balance Sheets



	December 31,
(Dollars in millions)	2019		2018
Assets
Cash and cash equivalents	$	840	$	739
Investments in and advances to subsidiaries
Bank subsidiary	18,103		18,493
Nonbank subsidiaries	4,770		4,618
Other assets	407		76
Total assets	$	24,120	$	23,926
Liabilities and Stockholders' Equity
Long-term debt	$	7,622	$	7,355
Other liabilities	218		63
Total liabilities	7,840		7,418
Stockholders' equity	16,280		16,508
Total liabilities and stockholders' equity	$	24,120	$	23,926

Condensed Statements of Income



	Years Ended December 31,
(Dollars in millions)	2019			2018			2017
Income:
Dividends from subsidiaries:
Bank subsidiary	$	—		$	1,700		$	320
Nonbank subsidiaries	616			95			51
Interest income on advances to subsidiaries and deposits in bank	161			137			79
Rental Income	15			15			15
Total income	792			1,947			465
Expense:
Interest expense	251			194			144
Other expense	29			17			14
Total expense	280			211			158
Income (loss) before income taxes and equity in undistributed net income of subsidiaries	512			1,736			307
Income tax benefit	(24		)	(13		)	(20		)
Income (loss) before equity in undistributed net income of subsidiaries	536			1,749			327
Equity in undistributed net income of subsidiaries less dividends received:
Bank subsidiary	(746		)	(697		)	366
Nonbank subsidiaries	(524		)	21			384
Net Income	$	(734	)	$	1,073		$	1,077

Condensed Statements of Cash Flows



	Years Ended December 31,
(Dollars in millions)	2019			2018			2017
Cash Flows from Operating Activities:
Net income	$	(734	)	$	1,073		$	1,077
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed net income of subsidiaries less dividends received	1,270			676			(750		)
Other, net	(743		)	(9		)	2
Net cash provided by (used in) operating activities	(207		)	1,740			329
Cash Flows from Investing Activities:
Investments in and advances to subsidiaries	(1,585		)	(2,612		)	(5,050		)
Repayment of investments in and advances to subsidiaries	1,634			2,411			1,495
Net cash used in investing activities	49			(201		)	(3,555		)
Cash Flows from Financing Activities:
Proceeds from advances from subsidiaries	—			—			200
Repayment of advances from subsidiaries	—			—			(200		)
Proceeds from issuance of long-term debt	1,890			6,500			3,525
Repayment of long-term debt	(1,631		)	(6,145		)	—
Dividends paid	—			—			(500		)
Share repurchase	—			(2,496		)	—
Net cash provided by (used in) financing activities	259			(2,141		)	3,025
Net increase (decrease) in cash and cash equivalents	101			(602		)	(201		)
Cash and cash equivalents at beginning of year	739			1,341			1,542
Cash and cash equivalents at end of year	$	840		$	739		$	1,341