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Supplemental disclosure on the consolidated statements of cash flows
 12 Months Ended
Dec. 31, 2012
Supplemental Cash Flow Information [Abstract]  
Cash Flow Supplemental Disclosures [Text Block]

Note 40 – 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, 2012, 2011 and 2010 are listed in the following table:

 

        
(In thousands) 2012 2011 2010
        
Income taxes paid$ 189,468$ 171,818$ 41,052
Interest paid  388,250  517,980  682,943
Non-cash activities:      
Loans transferred to other real estate$ 294,993$ 229,064$ 183,901
Loans transferred to other property  25,685  26,148  37,383
Total loans transferred to foreclosed assets  320,678  255,212  221,284
Transfers from loans held-in-portfolio to loans held-for-sale  141,412  121,225  1,020,889
Transfers from loans held-for-sale to loans held-in-portfolio  10,325  28,535  12,388
Loans securitized into investment securities[1]  1,330,743  1,101,800  817,528
Net write-downs (recoveries) related to loans transferred to loans held-for-sale  34  (1,101)  327,207
Trades receivables from brokers and counterparties  137,542  69,535  23,055
Recognition of mortgage servicing rights on securitizations or asset transfers  18,495  19,971  15,326
Gain on retained interest (sale of EVERTEC)  -  -  93,970
Loans sold to a joint venture in exchange for an acquisition       
loan and an equity interest in the joint venture  -  102,353  -
Conversion of preferred stock to common stock:      
Preferred stock converted  -  -  (1,150,000)
Common stock issued  -  -  1,341,667
[1] Includes loans securitized into trading securities and subsequently sold before year end.

For the year ended December 31, 2010 the changes in operating assets and liabilities included in the reconciliation of net income to net cash provided by operating activities, as well as the changes in assets and liabilities presented in the investing and financing sections are net of the effect of the assets acquired and liabilities assumed from the Westernbank FDIC-assisted transaction. The cash received in the transaction, which amounted to $261 million, is presented in the investing activities section of the Consolidated Statements of Cash Flows as “Cash acquired related to business acquisitions”.