BB&T 2012 Annual Report Download - page 147

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125
Parent Company
Condensed Statements of Cash Flows
Years Ended December 31, 2012, 2011 and 2010
.
2012 2011 2010
(Dollars in millions)
Cash Flows From Operating Activities:
N
et income $ 2,028 $ 1,332 $ 854
Adjustments to reconcile net income to net cash provided by
operating activities:
Equity in earnings of subsidiaries in excess of dividends
from subsidiaries (418) (661) (469)
N
et change in other assets 265 63 (147)
N
et change in accounts payable and accrued liabilities (71) (3) (24)
Other, net (228) 20 (65)
N
et cash from operating activities 1,576 751 149
Cash Flows From Investing Activities:
Proceeds from sales, calls and maturities of securities available for sale 26 49 87
Purchases of securities available for sale (26) (48) (8)
Proceeds from maturities, calls and paydowns of securities held
to maturity 4 24 ―
Investment in subsidiaries (30) (12) (113)
Advances to subsidiaries (10,785) (20,306) (37,341)
Proceeds from repayment of advances to subsidiaries 11,325 22,637 37,028
N
et cash from business combinations 51 ― ―
N
et cash from investing activities 565 2,344 (347)
Cash Flows From Financing Activities:
N
et change in long-term debt (2,764) 1,121 765
N
et change in shor
t
-term borrowed funds (259) (509) (198)
N
et change in advances from subsidiaries (72) 69 3
N
et proceeds from common stock issue
d
15 22 110
N
et proceeds from preferred stock issue
d
2,116 ― ―
Cash dividends paid on common and preferred stock (564) (446) (415)
Other, net 62 ― ―
N
et cash from financing activities (1,466) 257 265
N
et Change in Cash and Cash Equivalents 675 3,352 67
Cash and Cash Equivalents at Beginning of Year 3,564 212 145
Cash and Cash Equivalents at End of Year $ 4,239 $ 3,564 $ 212