Fifth Third Bank 2011 Annual Report Download - page 149

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Fifth Third Bancorp 147
($ in millions)
Condensed Statements of Cash Flows (Parent Company Only)
For the years ended December 31 2011 2010 2009
Operating Activities
Net income $ 1,297 753 737
A
d
j
ustments to reconcile net income to net cash provided by operating activities:
Provision for deferred income taxes (3) (2) 2
Decrease (Increase) in undistributed earnings 247 530 (869)
Net change in:
Other assets 39 (6) 83
A
ccrued expenses and other liabilities 3 (339) 591
Other, net - (11) (6)
Net Cash Provided by Operating Activities 1,583 925 538
Investing Activities
Capital contributions to subsidiaries
Bank subsidiaries - - (1,600)
Net change in:
Short-term investments (635) (603) 1,158
Loans to subsidiaries 489 (161) (117)
Net Cash Used in Investing Activities (146) (764) (559)
Financing Activities
Net change in other short-term borrowings 241 134 (503)
Proceeds from issuance of long-term debt 1,000 - -
Repayment of long-term debt (400) - (31)
Dividends paid on common shares (192) (32) (27)
Dividends paid on preferred shares (50) (205) (220)
Issuance of common shares 1,648 - 987
Redemption of Series F preferred shares and related warrants (3,688) - (269)
Dividends on exchange of preferred shares, Series G - - 35
Other, net (6) - (10)
Net Cash Used in Financing Activities (1,477) (103) (38)
Net (Decrease) Increase in Cash (10) 58 (59)
Cash at Beginning of Year 60 2 61
Cash at End of Year $ 50 60 2