Capital One 2008 Annual Report Download - page 170

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152
Year Ended December 31
Statements of Cash Flows
2008
2007
2006
Operating Activities:
Net income (loss)........................................................................................................ $ (45,998) $ 1,570,332 $ 2,414,493
Adjustments to reconcile net income (loss) to net cash provided by operating
activities:
Equity in (earnings) loss of subsidiaries:...........................................................
Continuing operations.............................................................................. 1,289,184 (723,020) (475,123)
Discontinued operations .......................................................................... 130,515
1,021,387 11,884
Loss on sale of securities available for sale....................................................... 9,353
223
Gain on repurchase of senior notes ................................................................... (43,249)
Amortization of discount of senior notes .......................................................... 2,864
7,293 1,347
Stock plan compensation expense ..................................................................... 59,283
301,972 212,317
Decrease (increase) in other assets .................................................................... 106,782
(216,052) 19,159
Increase (decrease) in other liabilities ............................................................... 673,561
522,714 (448,363)
Net cash provided by operating activities ................................................................... 2,182,295 2,484,849 1,735,714
Investing Activities:
Decrease (increase) in investment in subsidiaries....................................................... (1,384,682) 969,122 68,953
Purchases of securities available for sale ....................................................................
(127) (52,686)
Proceeds from sale of securities available for sale......................................................
53,569
Decrease (increase) in loans to subsidiaries................................................................ 5,414,902
(1,930,666) (1,065,622)
Net payment for companies acquired..........................................................................
(10,464) (5,010,821)
Net cash provided by (used in) investing activities..................................................... 4,030,220 (918,566) (6,060,176)
Financing Activities:
Increase (decrease) in borrowings from subsidiaries .................................................. (268,347) 166,876 1,379,497
Issuance of senior notes ..............................................................................................
1,495,740 3,185,588
Maturities of senior notes............................................................................................ (550,000) (462,500) (225,000)
Repurchases of senior notes........................................................................................ (713,383) (150,000)
Dividends paid ............................................................................................................ (568,255) (42,055) (32,324)
Net proceeds from issuance of preferred stock and warrant ....................................... 3,555,199
Purchases of treasury stock......................................................................................... (12,501) (3,024,969) (21,615)
Net proceeds from issuances of common stock .......................................................... 772,017
43,493 36,751
Proceeds from share based payment activities............................................................ 95,048
192,361 238,355
Net cash provided by (used in) financing activities .................................................... 2,309,778 (1,781,054) 4,561,252
Increase (decrease) in cash and cash equivalents........................................................ 8,522,293 (214,771) 236,790
Cash and cash equivalents at beginning of year.......................................................... 24,702
239,473 2,683
Cash and cash equivalents at end of year.................................................................... $ 8,546,995 $ 24,702 $ 239,473