SunTrust 2010 Annual Report Download - page 207

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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
Statements of Cash Flow - Parent Company Only
Year Ended December 31
(Dollars in millions) 2010 2009 2008
Cash Flows from Operating Activities:
Net income/(loss) $189 ($1,564) $796
Adjustments to reconcile net income/(loss) to net cash used in operating activities:
Net gain on sale of businesses -- (201)
Equity in undistributed income/(loss) of subsidiaries (185) 1,452 180
Depreciation, amortization and accretion 15 12 4
Stock option compensation 24 11 20
Deferred income tax (benefit)/provision (7) 23 (33)
Excess tax benefits from stock-based compensation -- (5)
Net loss on extinguishment of debt 132 -
Amortization of restricted stock compensation 42 66 77
Net gain on sale of assets (18) --
Net securities gains (38) (7) -
Contributions to retirement plans (8) (26) (64)
Net decrease in other assets 38 50 242
Net increase/(decrease) in other liabilities 123 48 (96)
Net cash provided by operating activities 176 97 920
Cash Flows from Investing Activities:
Proceeds from sale of businesses -- 314
Net cash equivalents acquired in acquisitions --2
Proceeds from maturities, calls and repayments of securities available for sale 164 81 17
Proceeds from sales of securities available for sale 7,664 38 -
Purchases of securities available for sale (7,737) (5,540) (47)
Proceeds from maturities, calls and repayments of trading securities 97 129 518
Proceeds from sales of trading securities 79 9 402
Purchases of trading securities -(87) (215)
Net change in loans to subsidiaries 221 134 47
Capital contributions to subsidiaries -- (268)
Sale of other assets 7--
Other, net 15 21
Net cash provided by/(used in) investing activities 510 (5,234) 771
Cash Flows from Financing Activities:
Net increase/(decrease) in other short-term borrowings 5444 (1,245)
Proceeds from the issuance of long-term debt -575 1,550
Repayment of long-term debt (350) (673) (959)
Proceeds from the issuance of preferred stock -- 4,850
Proceeds from the exercise of stock options --25
Excess tax benefits from stock-based compensation --4
Proceeds from the issuance of common stock -1,830 -
Repurchase of preferred stock -(228) -
Dividends paid (259) (329) (1,041)
Net cash (used in)/provided by financing activities (604) 1,619 3,184
Net increase/(decrease) in cash and cash equivalents 82 (3,518) 4,875
Cash and cash equivalents at beginning of period 2,795 6,313 1,438
Cash and cash equivalents at end of period $2,877 2,795 $6,313
Supplemental Disclosures:
Income taxes (paid to)/received from subsidiaries ($338) $125 $333
Income taxes received/(paid) by Parent Company 406 (1) (314)
Net income taxes received by Parent Company $68 $124 $19
Interest paid $233 $275 $332
Issuance of common stock for acquisition of GB&T -- 155
Extinguishment of forward stock purchase contract -174 -
Gain on repurchase of Series A preferred stock -94 -
Noncash capital contribution to subsidiary 997 152 -
191