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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income/(loss) $ 176,980 $ 238,511 $ 97,313
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities:      
Provision/(provision credit) for loan losses 0 11,000 9,000
Provision/(benefit) for deferred income taxes 121,001 79,604 24,196
Depreciation and amortization of premises and equipment 34,703 32,387 35,780
Amortization of intangible assets 8,728 5,198 5,253
Net other amortization and accretion 27,493 27,088 19,710
Net (increase)/decrease in derivatives (26,662) 1,886 (6,617)
Fair value adjustment on interest-only strips (1,021) 0 0
Repurchase and foreclosure provision/(provision credit) (20,000) (31,400) 0
(Gains)/losses and write-downs on OREO, net (61) 8 1,258
Litigation and regulatory matters 40,250 13,400 15,118
Stock-based compensation expense 20,627 17,536 13,796
Equity securities (gains)/losses, net (109) 144 458
Debt securities (gains)/losses, net (483) (1,485) (1,836)
(Gain)/loss on extinguishment of debt 14,329 0 (5,793)
Net (gains)/losses on sale/disposal of fixed assets 6,657 3,447 454
Qualified pension plan contributions (5,100) (165,000) 0
Loans held-for-sale:      
Purchases and originations (2,001,708) (165,887) (9,731)
Gross proceeds from settlements and sales 1,780,047 181,136 25,587
(Gain)/loss due to fair value adjustments and other (6,624) (155) (913)
Net (increase)/decrease in:      
Trading securities (381,057) (18,050) 311,210
Fixed income receivables (11,282) 6,249 (21,172)
Interest receivable (34,352) 1,627 4,804
Other assets 243,057 (7,191) (78,824)
Net increase/(decrease) in:      
Trading liabilities 76,667 (4,171) (28,295)
Fixed income payables (68,495) (2,070) 4,915
Interest payable 5,934 (4,535) (9,124)
Other liabilities (16,877) (36,546) (39,153)
Total adjustments (194,338) (55,780) 270,081
Net cash provided/(used) by operating activities (17,358) 182,731 367,394
Available-for-sale securities:      
Sales 936,958 444,222 69,650
Maturities 583,014 736,956 664,335
Purchases (1,558,990) (1,239,912) (1,066,194)
Held-to-maturity securities:      
Prepayments and maturities 4,740 0 0
Purchases 0 0 (10,000)
Premises and equipment:      
Sales 3,416 11,396 41,143
Purchases (53,046) (62,554) (39,947)
Proceeds from sales of OREO 13,468 27,135 23,253
Net (increase)/decrease in:      
Loans [1] (808,399) (1,931,026) (1,216,419)
Interests retained from securitizations classified as trading securities 865 2,429 1,731
Interest-bearing cash (121,434) (457,198) 1,019,131
Cash (paid)/received for acquisitions, net (336,634) 0 (5,087)
Net cash provided/(used) by investing activities (1,336,042) (2,468,552) (518,404)
Common stock:      
Stock options exercised 6,132 22,479 7,219
Cash dividends paid (79,904) (63,504) (53,947)
Repurchase of shares [2] (5,554) (97,396) (32,648)
Cash dividends paid - preferred stock - noncontrolling interest (11,434) (11,434) (11,559)
Cash dividends paid - Series A preferred stock (6,200) (6,200) (6,200)
Term borrowings:      
Issuance 121,184 100 495,555
Payments/maturities (147,413) (267,527) (1,026,708)
Increases in restricted and secured term borrowings 7,960 0 0
Net increase/(decrease) in:      
Deposits (197,158) 2,705,757 1,555,280
Short-term borrowings 2,080,039 10,277 (816,324)
Net cash provided/(used) by financing activities 1,767,652 2,292,552 110,668
Net increase/(decrease) in cash and cash equivalents 414,252 6,731 (40,342)
Cash and cash equivalents at beginning of period 1,037,794 1,031,063 1,071,405
Cash and cash equivalents at end of period 1,452,046 1,037,794 1,031,063
Supplemental Disclosures      
Total interest paid 140,373 92,456 90,722
Total taxes paid 54,417 11,609 14,990
Total taxes refunded 8,285 3,950 33,909
Transfer from loans to OREO $ 6,624 $ 10,317 $ 16,728
[1] 2016 includes $537.4 million UPB of loans acquired from GE Capital.
[2] 2016 and 2015 include $93.5 million and $28.4 million, respectively, repurchased under share repurchase programs.