Synovus financial corp (SNV)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating Activities
Net income

563

428

275

246

226

195

159

830

-60

-790

-1,429

-574

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Loan and Lease Losses

87

51

67

28

19

33

69

320

418

-1,131

-1,805

699

Depreciation, amortization, and accretion, net

8

55

59

58

56

54

59

64

47

46

37

70

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

15

479

Equity in income of equity investments

-

-

-

-

-

-

-

-

-

-

-

-3

Deferred income tax (benefit) expense

86

36

231

128

121

102

90

-794

-0

9

175

-107

(Increase) decrease in interest receivable

-

-

-

-

-

-

-

-11

-15

-30

-44

-72

Decrease in interest payable

-

-

-

-

-

-

-

-8

-16

-23

-64

-13

Decrease (increase) in trading account assets

-

-

-

-

-8

7

-4

-5

-5

7

-10

6

Originations of mortgage loans held for sale

872

543

622

705

790

766

841

1,226

980

1,378

1,946

1,098

Proceeds from sales of mortgage loans held for sale

816

565

642

724

807

761

1,008

1,190

1,055

1,294

1,955

1,129

Gain on sales of mortgage loans held for sale, net

21

12

13

13

14

12

13

20

5

10

16

-9

(Increase) decrease in other assets

127

83

74

9

-6

-2

-45

-53

-111

-570

260

186

Increase (decrease) in accrued salaries and benefits

-

-

-

-

-

-

-

-

2

3

-12

-11

Increase (decrease) in other liabilities

43

22

28

-4

-24

-8

-11

-23

-7

-21

-118

184

Investment securities losses, net

-7

-1

-0

6

2

1

2

39

75

-1

14

0

Losses on sales of other loans held for sale, net

-

-

-

-

-

-

-

-4

2

-3

-1

-9

Losses and write-downs on other real estate, net

-

-

-

-

-17

-22

-25

-73

-113

-137

-322

-116

Decrease in fair value of private equity investments, net

-

-

-

-

-

-

-

-

-1

7

-1

-24

Gain on sale of merchant services business

-

-

-

-

-

-

-

-

-

69

0

-

(Loss) gain on other assets held for sale, net

-

-

-

-

-

-

-

-

-1

0

0

-

Losses and write-downs on other assets held for sale, net

-

-

-

-

-

7

3

2

7

0

0

-

Loss on early extinguishment of debt

-4

0

-23

-4

-1

0

0

-

-

-

5

-

Gain on curtailment of post-retirement health benefit

-

-

-

-

-

-

-

-

-

-7

0

-

Gain on sale of MasterCard shares

-

-

-

-

-

-

-

-

-

-

8

16

Gain from redemption of Visa shares

-

-

-

-

-

-

-

-

-

-

-

38

Gain on sale of Visa shares

-

-

-

-

-

-

-

-

-

-

51

-

Increase in accrual for Visa indemnification

-

-

-

-

-

-

-

-

6

0

-6

-17

Gain on exchange of subordinated debt for common stock

-

-

-

-

-

-

-

-

-

-

6

-

Gain on sale of venture capital investments

-

-

-

-

-

-

-

-

-

-

0

-

Share-based compensation expense

24

16

14

13

12

10

7

9

6

7

8

13

Gain on sale of Memphis branches, net

-

-

-

-

-

5

0

0

-

-

-

-

Gain on sale of branch property

-

-

-

-

-

-

-

0

-

-

-

-

Other, net

-

-

-

-

-

-

-

-17

-1

5

7

8

Excess tax benefit from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

0

0

Net cash provided by operating activities

621

538

631

465

444

387

605

472

645

910

424

659

Investing Activities
Net cash received in acquisition

201

0

0

6

0

-90

-56

0

0

-

-

-

Net increase in interest earning deposits with banks

-

-

-

-

-5

12

-0

-9

2

-3

-1

0

Net decrease in federal funds sold and securities purchased under resale agreements

-

-

-

-

3

7

32

45

1

43

184

-312

Net decrease (increase) in interest bearing funds with Federal Reserve Bank

-

-

-

-

108

76

-853

-68

-1,536

1,202

695

1,206

Proceeds from maturities and principal collections of investment securities available for sale

1,102

603

632

894

693

568

711

1,348

1,098

1,172

1,108

1,036

Proceeds from sales of investment securities available for sale

2,923

35

812

968

347

20

407

1,139

2,002

20

260

165

Purchases of investment securities available for sale

4,300

700

1,729

2,051

1,634

378

1,434

1,803

3,309

1,447

805

1,289

Proceeds from sales of loans

74

22

42

15

28

65

160

651

485

563

472

-

Payments to Acquire Loans Receivable

667

265

494

-

-

-

-

-

-

-

-

-

Proceeds from sales of other real estate and other assets

19

12

17

43

47

63

100

135

171

251

344

175

Net increase in loans excluding loans acquired in business combination

1,361

969

565

1,129

1,411

1,326

889

743

-234

-1,339

112

2,374

Principal repayments by borrowers on other loans held for sale

-

-

-

-

-

-

-

4

44

12

8

-

Net (purchases) redemptions of Federal Home Loan Bank stock

55

25

-7

4

-

-

-

-

-

-

-

-

Net (purchases) redemptions of Federal Reserve Bank stock

45

0

-2

97

-

-

-

-

-

-

-

-

Proceeds from settlement (purchases) of bank-owned life insurance policies

-16

-2

148

28

42

0

0

-

-

-

-

-

Purchase of Federal Reserve Bank capital stock

-

-

-

-

0

0

-

-

-

-

-

-

Proceeds from sale of other loans held for sale

-

-

-

-

-

-

-

-

-

-

-

28

Net increase in premises and equipment

61

53

51

34

28

38

28

30

15

21

34

112

Proceeds from disposals of premises and equipment

-

-

-

-

-

-

-

3

4

2

1

2

Proceeds from sales of other assets held for sale

-

-

-

-

3

5

2

8

7

0

0

-

Proceeds from sale of merchant services business

-

-

-

-

-

-

-

-

-

69

0

-

Proceeds from sale of private equity investments

-

-

-

-

-

-

-

-

-

-

65

-

Proceeds from sale of MasterCard shares

-

-

-

-

-

-

-

-

-

-

8

16

Proceeds from redemption of Visa shares

-

-

-

-

-

-

-

-

-

-

-

38

Proceeds from sale of Visa shares

-

-

-

-

-

-

-

-

-

-

51

-

Net cash used in investing activities

-2,153

-1,338

-1,473

-1,416

-2,106

-1,166

-27

818

2,265

800

857

-3,831

Financing Activities
Net increase in deposits

797

571

1,499

1,404

-

-

-

-

-

-

-

-

Net (decrease) increase in demand and savings deposits

-

-

-

-

2,274

562

-114

322

426

-62

439

620

Net increase in certificates of deposit

-

-

-

-

-565

283

-122

-1,676

-2,515

-2,871

-1,623

3,037

Net increase in federal funds purchased and securities sold under repurchase agreements

-101

76

1

-17

50

-21

-53

-112

-185

24

-250

-1,593

Net change in other short-term borrowings

-1,103

-550

-100

50

-

-

-

-

-

-

-

-

Repayments and redemption of long-term debt

157

2,230

2,350

2,213

823

400

307

491

601

678

1,024

250

Proceeds from issuance of long-term debt, net

497

2,280

1,771

1,875

871

510

617

860

165

740

720

429

Treasury shares purchased

-

-

-

-

-

-

-

-

-

-

-

0

Dividends paid to common shareholders

167

106

54

59

55

42

36

31

31

25

29

199

Transfer of funds to dividend payment agent

-

-

-

-

-

-

-

7

0

0

-

-

Dividends paid to preferred shareholders

17

13

10

10

10

10

-

-

-

48

43

-

Proceeds from issuance of preferred stock

342

195

0

0

-

-

125

0

0

-

-

-

Redemption of preferred stock

0

130

0

0

-

-

967

0

0

-

-

-

Stock options and warrants exercised

16

2

3

5

5

3

1

0

0

-

-

-

Earnout payment

1

1

0

0

0

-

-

-

-

-

-

-

Proceeds from issuance of preferred stock and common stock warrants

-

-

-

-

-

-

-

-

-

-

-

967

Proceeds from issuance of common stock, net of issuance costs

-

-

-

-

-

-

175

0

0

769

571

3

Repurchase of common stock

725

175

175

263

199

88

0

0

-

0

0

-

Taxes paid related to net share settlement of equity awards

8

8

7

5

4

-

-

-

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

0

0

-

0

0

Restricted stock activity

-

-

-

-

-

0

3

0

0

-

-

-

Proceeds from issuance of prepaid common stock purchase contracts

-

-

-

-

-

-

-

-

-

265

0

-

Net cash provided by financing activities

1,576

1,010

776

665

1,543

795

-722

-1,185

-2,790

-1,886

-1,241

3,014

Increase in cash and cash equivalents including restricted cash

43

210

-66

-285

-118

15

-145

104

121

-175

40

-158

Supplemental Disclosures:
Income taxes paid

101

41

18

9

10

5

2

-7

-5

-324

-87

-

Interest paid

464

180

143

123

115

109

121

160

233

-302

-425

-

Non-cash Activities
Common stock issued, treasury stock reissued, equity awards/warrants exchanged to acquire FCB

1,625

0

0

-

-

-

-

-

-

-

-

-

Loans foreclosed and transferred to other real estate

19

13

7

16

26

58

85

147

205

400

662

-

Premises and equipment transferred to other assets held for sale

6

0

7

25

2

16

6

2

22

0

0

-

Loans transferred to (from) other loans held for sale at fair value, net

72

12

52

14

26

-

-

731

486

959

537

-

Write down to fair value for other loans held for sale

-

-

-

-

-

-

-

3

13

5

6

-

Securities purchased during the period but settled after period-end

-

-

-

-

-

25

0

0

-

-

-

-

Dividends declared on preferred stock during the year but paid after year-end

5

0

0

-

-

-

-

-

-

-

-

-

Settlement of earnout payment with shares of common stock

11

7

5

0

0

-

-

-

-

-

-

-

Other loans held for sale transferred to loans at fair value

-

-

-

-

-

-

-

0

21

2

0

-

Other loans held for sale foreclosed and transferred to other real estate at fair value

-

-

-

-

-

-

-

8

21

9

1

-

Other assets held for sale transferred to premises and equipment

-

-

-

-

0

-

-

-

-

-

-

-

ASU 2016-01 equity investment securities available for sale transferred to other assets

0

3

0

0

0

0

-

-

-

-

-

-

(Decrease) increase in unrealized gains net of unrealized losses on available for sale securities

-

-

-

-

-

-

-

-

-24

-8

-39

-

Net change related to cash flow hedges, net of income taxes

-

-

-

-

-

-

-

-

-11

-20

-31

-

Net change in post-retirement unfunded health benefit, net of income taxes

-

-

-

-

-

-

-

-

0

2

-

-

Mortgage loans held for sale transferred to loans at fair value

-

-

-

-

0

0

14

1

7

6

4

-

Fair value of non-cash assets acquired

-

-

-

408

0

-100

0

0

0

-

-

-

Fair value of liabilities assumed

-

-

-

387

0

-191

56

0

0

-

-

-

Fair value of common stock issued

-

-

-

26

0

0

-

-

-

-

-

-

Impairment loss on available for sale securities

-

-

-

-

-

-

-

-

1

2

0

-

Accretion of discount for Series A Preferred Stock

-

-

-

-

-

-

-

-

-9

-9

-

-

Settlement of prepaid common stock purchase contracts

-

-

-

-

-

-

-

-

0

-

-

-