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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Operating Activities      
Net income $ 275,474 $ 246,784 $ 226,082
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 67,185 28,000 19,010
Depreciation, amortization, and accretion, net 59,121 58,228 56,741
Deferred income tax expense 231,056 128,837 121,904
Decrease (increase) in trading account assets 5,494 (2,327) 8,766
Originations of mortgage loans held for sale (622,564) (705,394) (790,625)
Proceeds from sales of mortgage loans held for sale 642,193 724,712 807,906
Gain on sales of mortgage loans held for sale, net (13,450) (13,780) (14,966)
(Increase) decrease in other assets (80,544) [1] (21,697) [1] 6,135 [1]
Increase (decrease) in other liabilities 28,651 (4,239) (24,906)
Investment securities losses (gains), net 289 (6,011) (2,769)
Losses and write-downs on other real estate, net 11,382 10,174 17,619
Loss on early extinguishment of debt, net 23,160 4,735 1,533
Share-based compensation expense 14,179 13,615 12,556
Net cash provided by operating activities 641,626 461,637 444,986
Investing Activities      
Net cash received in acquisition 0 6,146 0
Net increase in interest earning deposits with banks (7,591) (1,335) (5,577)
Net decrease in federal funds sold and securities purchased under resale agreements 10,214 11,759 3,291
Net decrease (increase) in interest bearing funds with Federal Reserve Bank 66,162 302,797 (108,525)
Proceeds from maturities and principal collections of investment securities available for sale 632,875 894,123 693,608
Proceeds from sales of investment securities available for sale 812,293 968,606 347,954
Purchases of investment securities available for sale (1,729,902) (2,051,283) (1,634,531)
Proceeds from sales of loans 42,726 15,046 28,762
Proceeds from sale of other real estate 14,322 30,762 47,137
Net increase in loans (1,060,582) (1,129,422) (1,411,050)
Purchase of Federal Reserve Bank capital stock 0 (97,293) 0
Purchases of bank-owned life insurance policies, net of settlements (148,110) [1] (28,126) [1] (42,444) [1]
Net increase in premises and equipment (51,106) (34,317) (28,381)
Proceeds from sale of other assets held for sale 3,158 13,072 3,039
Net cash used in investing activities (1,415,541) (1,099,465) (2,106,717)
Financing Activities      
Net increase in demand and savings deposits 932,561 1,512,451 2,274,949
Net increase (decrease) in certificates of deposit 566,524 (107,893) (565,315)
Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements 1,491 (17,326) 50,109
Repayments and redemption of long-term debt (2,250,422) (2,263,688) (823,899)
Proceeds from issuance of long-term debt 1,771,866 1,875,000 871,644
Dividends paid to common shareholders (54,670) (59,425) (55,354)
Dividends paid to preferred shareholders (10,238) (10,238) (10,238)
Stock options exercised 3,440 5,155 5,643
Earnout payment (892) 0 0
Repurchase of common stock (175,079) (263,084) (199,221)
Taxes paid related to net share settlement of equity awards (7,993) (5,041) (4,984)
Net cash provided by financing activities 776,588 665,911 1,543,334
Increase (decrease) in cash and cash equivalents 2,673 28,083 (118,397)
Cash and cash equivalents at beginning of year 395,175 367,092 485,489
Cash and cash equivalents at end of year 397,848 395,175 367,092
Supplemental Cash Flow Information      
Income tax payments, net 18,040 9,340 10,514
Interest paid 143,237 123,560 115,795
Non-cash Activities:      
Loans foreclosed and transferred to other real estate 7,154 16,214 26,313
Premises and equipment transferred to other properties held for sale 3,283 25,231 2,340
Other assets held for sale transferred to premises and equipment 4,450 0 0
Investment securities available for sale transferred to trading account assets at fair value 0 1,890 0
Loans transferred to other loans held for sale at fair value 52,829 14,621 26,213
Dividends declared on common stock during the period but paid after period-end 17,835 0 0
Settlement of earnout payment with shares of common stock 5,460 0 0
Mortgage loans held for sale transferred to loans at fair value 0 313 659
Acquisition:      
Fair value of non-cash assets acquired 0 408,054 0
Fair value of liabilities assumed 0 387,608 0
Fair value of common stock issued $ 0 $ 26,592 $ 0
[1] Related to Synovus' early adoption of ASU 2016-15, certain prior period amounts have been reclassified between operating activities and investing activities. See "Part II - Item 8. Financial Statements and Supplementary Data - Note 1 - Summary of Significant Accounting Policies" of this Report for additional information.