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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income before noncontrolling interests $ 282,793 $ 136,817 $ 10,640
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment of goodwill     4,092
Net gain from note repurchases and termination of corresponding interest rate swaps (3,123) [1]    
Provision for loan losses 6,101 44,628 90,180
Provision for (reduction of) unfunded credit commitments 4,397 4,083 (1,367)
Changes in fair values of derivatives, net (26,202) (3,867) 3,500
(Gains) losses on investment securities, net (195,034) (93,360) 31,209
Depreciation and amortization 27,490 23,224 24,931
Amortization of premiums on available-for-sale securities, net 27,849 24,071 10,461
Tax benefit of original issue discount     10,745
Tax benefit (expense) from stock exercises 798 (189) (1,767)
Amortization of share-based compensation 18,221 13,761 14,784
Amortization of deferred loan fees (61,158) (50,488) (52,471)
Deferred income tax expense (benefit) 7,362 (1,434) 2,094
Changes in other assets and liabilities:      
Accrued interest receivable and payable, net (12,370) 1,560 (9,988)
Accounts receivable (38,765) (4,393) 1,609
Income tax payable or receivable, net (809) 16,694 (14,769)
Prepaid FDIC assessments and amortization 8,754 10,648 (28,178)
Accrued compensation 35,403 41,195 1,916
Foreign exchange spot contracts, net 62,747 (2,615) (6,689)
Other, net 21,833 2,893 (3,969)
Net cash provided by operating activities 166,287 163,228 86,963
Cash flows from investing activities:      
Purchases of available-for-sale securities (7,127,525) (6,757,150) (3,325,235)
Proceeds from sales of available-for-sale securities 1,415,463 655,555 3,569
Proceeds from maturities and pay downs of available-for-sale securities 3,215,186 2,151,574 712,396
Purchases of nonmarketable securities (cost and equity method accounting) (59,081) (53,450) (57,477)
Proceeds from sales of nonmarketable securities (cost and equity method accounting) 36,589 20,147 5,191
Purchases of nonmarketable securities (investment fair value accounting) (164,910) (119,313) (67,369)
Proceeds from sales of nonmarketable securities (investment fair value accounting) 80,757 44,739 18,509
Net (increase) decrease in loans (1,429,702) (983,077) 849,570
Proceeds from recoveries of charged-off loans 25,123 16,788 18,444
Proceeds from sale of other real estate owned   196 899
Payment for acquisition of intangibles, net of cash acquired   (360)  
Purchases of premises and equipment (30,751) (27,056) (15,963)
Payment for acquisition of remaining interest in eProsper   (1,300)  
Net cash used for investing activities (4,038,851) (5,052,707) (1,857,466)
Cash flows from financing activities:      
Net increase in deposits 2,372,595 4,005,004 2,858,465
Principal payments of other long-term debt (4,179) (1,961) (102,578)
Decrease in short-term borrowings (37,245) (1,510) (23,365)
Payments for repurchases of 5.70% Senior Notes and 6.05% Subordinated Notes, including repurchase premiums and associated fees (346,443)    
Proceeds from termination of portions of interest rate swaps associated with 5.70% Senior Notes and 6.05% Subordinated Notes 36,959    
Payments for settlement of 3.875% Convertible Notes (250,000)    
Proceeds from issuance of 5.375% Senior Notes, net of discount and issuance cost   344,476  
Capital contributions from noncontrolling interests, net of distributions 96,178 85,699 62,781
Tax benefit from stock exercises 6,342 4,151 458
Dividends paid on preferred stock     (12,110)
Proceeds from issuance of common stock and Employee Stock Purchase Plan 36,873 24,019 5,873
Proceeds from the issuance of common stock under our public equity offering, net of issuance costs     292,107
Redemption of preferred stock under the CPP     (235,000)
Repurchase of warrant under CPP   (6,820)  
Net cash provided by financing activities 1,911,080 4,453,058 2,846,631
Net (decrease) increase in cash and cash equivalents (1,961,484) (436,421) 1,076,128
Cash and cash equivalents at beginning of year 3,076,432 3,512,853 2,436,725
Cash and cash equivalents at end of year 1,114,948 3,076,432 3,512,853
Cash paid during the period for:      
Interest 41,203 35,588 50,017
Income taxes 103,848 41,763 39,050
Noncash items during the period:      
Unrealized gains on available-for-sale securities, net of tax 65,689 17,168 10,814
Net change in fair value of interest rate swaps $ (3,617) $ 5,122 $ (47,247)
[1] Represents gains from the repurchase of $108.6 million of our 5.70% Senior Notes and $204.0 million of our 6.05% Subordinated Notes and the termination of the corresponding portions of interest rate swaps in 2011. For more information, see Note 11-"Short-Term Borrowings and Long-Term Debt."