Regions Bank 2012 Annual Report Download - page 230

Statements of Cash Flows
Year Ended December 31
2012 2011 2010
(In millions)
Operating activities:
Net income (loss) ................................................. $1,120 $ (215) $ (539)
Adjustments to reconcile net cash provided by operating activities:
Equity in undistributed (earnings) loss of subsidiaries ................ (411) 60 403
Depreciation, amortization and accretion, net ....................... 5 7 1
Loss on sale of premises and equipment ........................... — 16 —
Loss on early extinguishment of debt ............................. 11 — —
Gain on disposition of business .................................. (19) — —
Decrease (increase) in trading assets .............................. 20 6 (4)
(Increase) decrease in other assets ................................ (90) (26) 40
(Decrease) increase in other liabilities ............................ 242 79 (115)
Other ...................................................... 138 (3) 21
Net cash from operating activities ............................ 1,016 (76) (193)
Investing activities:
Investment in subsidiaries .......................................... 2 (110) (95)
Principal payments on loans to subsidiaries ............................ — 35 55
Net sales of premises and equipment ................................. — 21 (1)
Proceeds from sales and maturities of securities available for sale .......... 15 34 13
Purchases of securities available for sale .............................. (14) (28) (1)
Proceeds from disposition of business, net of cash transferred .............. 855 — —
Net cash from investing activities ................................ 858 (48) (29)
Financing activities:
Net increase in short-term borrowings ................................ 70 — —
Proceeds from long-term borrowings ................................. — — 743
Payments on long-term borrowings ................................... (1,298) (1,001) (501)
Net proceeds from issuance of Series A preferred stock ................... 486 — —
Net proceeds from issuance of common stock .......................... 875 — —
Repurchase of Series A preferred stock issued to the U.S. Treasury ......... (3,500) — —
Repurchase of warrant ............................................. (45) — —
Cash dividends on common stock .................................... (54) (51) (49)
Cash dividends on Series A preferred stock issued to the U.S. Treasury ...... (44) (175) (184)
Cash dividends on Series A preferred stock ............................ (4) — —
Net cash from financing activities ................................ (3,514) (1,227) 9
(Decrease) increase in cash and cash equivalents .................... (1,640) (1,351) (213)
Cash and cash equivalents at beginning of year ............................. 2,497 3,848 4,061
Cash and cash equivalents at end of year .................................. $ 857 $2,497 $3,848
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