PNC Bank 2014 Annual Report Download - page 129

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CONSOLIDATED STATEMENT OF CASH FLOWS
THE PNC FINANCIAL SERVICES GROUP, INC.
(continued from previous page)
Year ended December 31
In millions 2014 2013 2012
Financing Activities
Net change in
Noninterest-bearing deposits $ 3,182 $ 341 $ 7,149
Interest-bearing deposits 8,130 7,463 902
Federal funds purchased and repurchase agreements (778) 965 (2)
Federal Home Loan Bank borrowings (1,000)
Commercial paper (112) (5,607) 4,762
Other borrowed funds 221 221 (279)
Sales/issuances
Federal Home Loan Bank borrowings 15,685 16,435 13,000
Bank notes and senior debt 6,184 3,938 2,093
Subordinated debt 745 1,986 995
Commercial paper 8,797 12,595 16,480
Other borrowed funds 505 695 1,011
Preferred stock 496 2,449
Common and treasury stock 252 244 158
Repayments/maturities
Federal Home Loan Bank borrowings (8,592) (12,960) (10,500)
Bank notes and senior debt (3,089) (1,420) (4,037)
Subordinated debt 57 (731) (1,769)
Commercial paper (8,687) (10,444) (17,060)
Other borrowed funds (467) (340) (1,090)
Preferred stock (150)
Excess tax benefits from share-based payment arrangements 28 23 18
Redemption of noncontrolling interests (375) (500)
Acquisition of treasury stock (1,176) (24) (216)
Preferred stock cash dividends paid (232) (237) (177)
Common stock cash dividends paid (1,000) (911) (820)
Net cash provided (used) by financing activities 19,653 12,203 11,567
Net Increase (Decrease) In Cash And Due From Banks 317 (1,177) 1,115
Cash and due from banks at beginning of period 4,043 5,220 4,105
Cash and due from banks at end of period $ 4,360 $ 4,043 $ 5,220
Supplemental Disclosures
Interest paid $ 863 $ 891 $ 1,208
Income taxes paid 1,102 234 39
Income taxes refunded 12 3 16
Non-cash Investing and Financing Items
Transfer from (to) loans to (from) loans held for sale, net 724 (119) 665
Transfer from loans to foreclosed assets 604 703 1,042
Exchange of junior subordinated debentures for senior notes 500
(a) Amounts for 2013 and 2012 have been updated to reflect the first quarter 2014 adoption of ASU 2014-01 related to investments in low income housing tax credits.
(b) Includes the impact of the consolidation of a variable interest entity as of March 31, 2013.
See accompanying Notes To Consolidated Financial Statements.
The PNC Financial Services Group, Inc. – Form 10-K 111