Capital One 2001 Annual Report Download - page 67

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notes 65
Statements of Cash Flows for the Year Ended December 31 2001 2000 1999
Operating Activities:
Net income $641,965 $ 469,634 $ 363,091
Adjustments to reconcile net income to net cash
provided by operating activities:
Equity in undistributed earnings of subsidiaries (545,061) (227,873) (152,424)
(Increase) decrease in other assets (47,701) 9,625 5,282
(Decrease) increase in other liabilities (22,118) 19,117 2,604
Net cash provided by operating activities 27,085 270,503 218,553
Investing Activities:
Purchases of securities available for sale (26,836)
Proceeds from sales of securities available for sale 8,455
Proceeds from maturities of securities available for sale 6,832 11,658
Increase in investment in subsidiaries (768,760) (117,123) (115,233)
Increase in loans to subsidiaries (141,257) (199,798) (233,780)
Net cash used for investing activities (910,017) (301,634) (364,191)
Financing Activities:
Increase (decrease) in borrowings from subsidiaries 365,109 157,711 (7,398)
Issuance of senior notes 224,684
Dividends paid (22,310) (20,824) (20,653)
Purchases of treasury stock (134,619) (107,104)
Net proceeds from issuances of common stock 477,892 21,076 14,028
Proceeds from exercise of stock options 62,804 11,225 37,040
Net cash provided by financing activities 883,495 34,569 140,597
Increase (decrease) in cash and cash equivalents 563 3,438 (5,041)
Cash and cash equivalents at beginning of year 9,284 5,846 10,887
Cash and cash equivalents at end of year $9,847 $ 9,284 $ 5,846