Fifth Third Bank 2012 Annual Report Download - page 159
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
157 Fifth Third Bancorp
Condensed Balance Sheets (Parent Company Only)
A
s of December 31 ($ in millions) 2012 2011
A
ssets
Cash $ - 50
Short-term investments 3,481 3,588
Loans to subsidiaries:
Bank subsidiaries - -
Nonbank subsidiaries 1,021 1,032
Total loans to subsidiaries 1,021 1,032
Investment in subsidiaries
Nonbank subsidiaries 15,376 15,631
Total investment in subsidiaries 15,376 15,631
Goodwill 80 80
Other assets 579 731
Total Assets $20,537 21,112
Liabilities
Other short-term borrowings 566 655
A
ccrued expenses and other liabilities 456 422
Long-term debt (external) 5,751 6,784
Total Liabilities 6,773 7,861
Parent Company Shareholders' Equity 13,764 13,251
Total Liabilities and Parent Company Shareholders' Equity $20,537 21,112
Condensed Statements of Cash Flows (Parent Company Only)
For the years ended December 31 ($ in millions) 2012 2011 2010
Operating Activities
Net income $ 1,576 1,297 753
A
d
j
ustments to reconcile net income to net cash provided by operating activities:
Provision for (Benefit from) deferred income taxes 2 (3) (2)
Decrease in undistributed earnings 220 247 530
Net change in:
Other assets 57 39 (6)
A
ccrued expenses and other liabilities 18 3 (339)
Other, net - - (11)
Net Cash Provided by Operating Activities 1,873 1,583 925
Investing Activities
Net change in:
Short-term investments 107 (635) (603)
Loans to subsidiaries 11 489 (161)
Net Cash Provided by (Used in) Investing Activities 118 (146) (764)
Financing Activities
Net change in other short-term borrowings (89) 241 134
Proceeds from issuance of long-term debt 500 1,000 -
Repayment of long-term debt (1,440) (400) -
Dividends paid on common shares (309) (192) (32)
Dividends paid on preferred shares (35) (50) (205)
Issuance of common shares - 1,648 -
Repurchase of treasury shares and related forward contracts (650) - -
Redemption of Series F preferred shares and related warrants - (3,688) -
Other, net (18) (6) -
Net Cash Used in Financing Activities (2,041) (1,447) (103)
Net (Decrease) Increase in Cash (50) (10) 58
Cash at Beginning of Year 50 60 2
Cash at End of Year $- 50 60