eTrade 2012 Annual Report Download - page 112
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E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS—(Continued)
(In thousands)
Year Ended December 31,
2012 2011 2010
Cash flows from financing activities:
Net increase in deposits $ 1,931,452 $ 1,219,455 $ 626,291
Sale of deposits — — (980,549)
Net decrease in securities sold under agreements to repurchase (560,838) (872,750) (552,793)
Advances from FHLB 2,930,000 2,220,000 2,350,000
Payments on advances from FHLB (4,283,600) (2,250,000) (2,350,000)
Net proceeds from issuance of senior notes 1,305,000 427,331 —
Payments on senior and springing lien notes (1,173,736) (425,956) —
Net cash flow from derivatives hedging liabilities 25,253 (41,292) (218,185)
Other (17,537) (17,076) 39,106
Net cash provided by (used in) financing activities 155,994 259,712 (1,086,130)
Effect of exchange rates on cash — — 797
Increase (decrease) in cash and equivalents 661,655 (274,507) (1,108,892)
Cash and equivalents, beginning of period 2,099,839 2,374,346 3,483,238
Cash and equivalents, end of period $ 2,761,494 $ 2,099,839 $ 2,374,346
Supplemental disclosures:
Cash paid for interest $ 592,005 $ 435,776 $ 425,211
Cash paid (refund received) for income taxes $ 6,370 $ (6,606) $ (78,734)
Non-cash investing and financing activities:
Transfers from loans to other real estate owned and repossessed assets $ 128,401 $ 180,964 $ 314,514
Conversion of convertible debentures to common stock $ 355 $ 660,946 $ 316,983
Reclassification of loans held-for-investment to loans held-for-sale $ — $ — $ 252,627
Transfers from loans to available-for-sale securities $ — $ — $ 222,729
See accompanying notes to the consolidated financial statements
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