Huntington National Bank 2012 Annual Report Download - page 199
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191
Statements of Cash Flows Year Ended December 31,
(dollar amounts in thousands) 2012 2011 2010
Operating activities
N
et income $ 641,022 $ 542,613 $ 312,347
Adjustments to reconcile net income to net cash
provided by operating activities:
Equity in undistributed net income of subsidiaries (688,149) (567,566) (351,049)
Depreciation and amortization 265 566 685
Other, net 50,714 30,980 (74,802)
N
et cash (used for) provided by operating activities 3,852 6,593 (112,819)
Investing activities
Repayments from (advances to) subsidiaries (36,126) (39,586) 129,081
Advances to subsidiaries 591,923 485,863 (425,600)
N
et cash (used for) provided by investing activities 555,797 446,277 (296,519)
Financing activities
Proceeds from issuance of long-term borrowings --- --- 297,375
Payment of borrowings (236,885) (5,100) (1,191)
Dividends paid on stock (169,335) (92,404) (136,499)
Payment to repurchase preferred stock --- --- (1,398,071)
Proceeds from issuance of common stock --- --- 886,172
Repurchases of common stock (148,881) --- ---
Redemption of Warrant to the Treasury --- (49,100) ---
Other, net (1,031) (3,479) 180
N
et cash provided by (used for) financing activities (556,132) (150,083) (352,034)
Change in cash and cash equivalents 3,517 302,787 (761,372)
Cash and cash equivalents at beginning of year 917,954 615,167 1,376,539
Cash and cash equivalents at end of year $ 921,471 $ 917,954 $ 615,167
Supplemental disclosure:
Interest paid $ 28,926 $ 35,295 $ 23,765