SYNOVUS FINANCIAL CORP SNV Cash Flow

Synovus financial corp (SNV)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating Activities
Net income
482	563	517	490	445	428	353	341	306	275	314	281	266	246	236	229	224	226	220	209	200	195	180	179	178	159	844	829	823	830	133	133	54	-60	-253	-465	-654	-790	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Loan and Lease Losses
-	-	-	-	-	51	48	72	71	67	64	30	27	28	26	24	23	19	22	23	28	33	39	42	43	69	202	258	290	320	228	267	343	418	-1,645	-1,509	-1,330	-1,131	0	0	0
Depreciation, amortization, and accretion, net
24	8	22	37	47	55	56	58	59	59	59	59	58	58	57	57	56	56	58	56	56	54	52	53	54	59	63	68	70	64	59	52	48	47	48	48	46	46	0	0	0
Deferred income tax (benefit) expense
68	86	69	58	40	36	126	165	197	231	148	138	136	128	123	124	121	121	120	110	104	102	101	99	101	90	-730	-754	-780	-794	0	5	0	-0	9	10	17	9	0	0	0
(Increase) decrease in interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11	-8	-9	-11	-7	-12	-15	-15	-24	-24	-27	-30	0	0	0
Decrease in interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-8	-11	-8	-12	-8	-9	-16	-21	-27	-25	-23	0	0	0
Decrease (increase) in trading account assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-10	-15	-8	-6	-8	2	7	-4	9	8	-4	11	-1	-7	-5	-11	-3	-1	-5	2	-3	4	7	0	0	0
Originations of mortgage loans held for sale
1,006	872	716	582	534	543	561	583	595	622	683	710	722	705	646	656	721	790	844	874	845	766	671	649	725	841	1,083	1,253	1,224	1,226	1,207	1,099	1,036	980	1,095	1,227	1,334	1,378	0	0	0
Proceeds from sales of mortgage loans held for sale
970	816	643	566	539	565	591	605	617	642	738	749	741	724	635	680	761	807	858	862	820	761	676	706	820	1,008	1,264	1,265	1,195	1,190	1,098	1,065	1,050	1,055	1,212	1,291	1,346	1,294	0	0	0
Gain on sales of mortgage loans held for sale, net
27	21	17	14	12	12	12	12	13	13	13	13	13	13	13	12	14	14	15	14	14	12	11	9	11	13	20	28	21	20	11	8	8	5	6	5	7	10	0	0	0
Gain on sales of premises and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
(Increase) decrease in other assets
591	127	154	51	16	83	132	124	127	74	-22	-19	-36	9	22	-9	26	-6	8	25	-4	-2	-10	-10	-22	-45	-205	-31	-93	-53	80	-103	-59	-111	-261	-278	-254	-570	0	0	0
Increase (decrease) in accrued salaries and benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	3	4	2	2	3	-4	-0	3	0	0	0
Increase (decrease) in other liabilities
331	43	36	-31	2	22	28	46	15	28	-23	-27	-16	-4	23	23	23	-24	-40	-45	-59	-8	8	3	17	-11	3	-20	-225	-23	-37	-18	185	-7	-48	-52	-27	-21	0	0	0
Investment securities losses, net
1	-7	-5	-1	-1	-1	-1	-9	-7	-0	5	13	13	6	0	0	2	2	2	2	0	1	1	2	4	2	10	16	19	39	41	97	93	75	64	0	0	-1	0	0	0
Losses on sales of other loans held for sale, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-4	-3	-4	-3	1	-0	2	-0	-1	-0	-3	0	0	0
Losses and write-downs on other real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	-12	-12	-17	-20	-24	-24	-22	-19	-19	-21	-25	-53	-54	-65	-73	-68	-92	-112	-113	-101	-271	-193	-137	0	0	0
Decrease in fair value of private equity investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	4	6	-0	-1	13	9	7	7	0	0	0
Gain on sale of merchant services business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	0	0	0
(Loss) gain on other assets held for sale, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-1	-1	0	0	0	-	-	-	-
Losses and write-downs on other assets held for sale, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	2	7	7	0	0	0	-	-	-	-
Loss on early extinguishment of debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-4	-6	-6	-6	-1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on curtailment of post-retirement health benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0
Increase in accrual for Visa indemnification
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	0	-	-	-	-
Share-based compensation expense
17	24	25	24	22	16	16	15	14	14	13	13	13	13	13	13	12	12	12	11	11	10	9	8	7	7	8	8	9	9	8	8	6	6	5	5	5	7	0	0	0
Gain on sale of Memphis branches, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	5	5	5	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of branch property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-14	-19	-17	-10	-11	-11	-1	15	12	11	5	0	0	0
Net cash provided by operating activities
498	621	511	562	598	538	536	618	578	631	622	508	510	465	457	530	494	444	408	348	340	387	419	459	518	605	812	466	299	472	250	523	759	645	775	738	669	910	0	0	0
Investing Activities
Net cash received in acquisition
0	201	201	201	201	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-90	-203	-203	-146	-56	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in interest earning deposits with banks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-5	-14	-5	-7	-11	2	12	0	14	12	-0	13	-6	-9	-9	-5	8	10	2	0	-13	-9	-3	0	0	0
Net decrease in federal funds sold and securities purchased under resale agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-5	4	3	1	7	-4	7	9	9	46	32	36	29	0	45	72	9	6	1	-11	32	36	43	0	0	0
Net decrease (increase) in interest bearing funds with Federal Reserve Bank
-	-	-	-	-	-	-	-	-	-	-	-	-	-	148	-384	-355	108	87	599	379	76	-215	-769	-447	-853	151	158	-448	-68	-1,935	-1,544	-760	-1,536	-362	-812	-284	1,202	0	0	0
Proceeds from maturities and principal collections of investment securities available for sale
1,246	1,102	926	753	660	603	606	613	609	632	665	764	889	894	888	822	706	693	668	638	606	568	544	563	612	711	869	1,156	1,251	1,348	1,377	1,110	1,096	1,098	1,176	1,257	1,217	1,172	0	0	0
Proceeds from sales of investment securities available for sale
1,694	2,923	2,002	1,292	1,677	35	35	508	529	812	1,184	1,063	1,007	968	862	509	559	347	82	82	32	20	24	81	216	407	633	753	877	1,139	1,158	2,719	2,469	2,002	1,771	37	28	20	0	0	0
Purchases of investment securities available for sale
2,801	4,300	3,349	2,596	2,743	700	1,045	1,348	1,530	1,729	2,013	2,176	2,098	2,051	1,819	1,571	1,732	1,634	1,149	953	586	378	514	620	982	1,434	1,490	1,527	1,493	1,803	2,375	4,122	3,886	3,309	2,997	1,247	1,370	1,447	0	0	0
Proceeds from sales of loans
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of loans
-	-	-	-	-	22	31	45	53	42	32	18	10	15	9	14	20	28	48	49	47	65	129	114	145	160	550	556	597	651	0	0	0	-	-	-	-	563	0	0	0
Proceeds from sales of other real estate and other assets
22	19	20	14	17	12	14	18	16	17	29	33	35	43	42	44	49	47	44	54	62	63	73	79	93	100	118	114	123	135	141	153	162	171	193	197	211	251	0	0	0
Net increase in loans excluding loans acquired in business combination
2,003	1,361	1,405	1,557	1,283	969	653	335	255	565	1,005	1,080	1,204	1,129	1,450	1,626	1,718	1,411	1,411	1,176	1,119	1,326	1,220	1,207	1,174	889	935	966	705	743	580	244	-5	-234	-739	-880	-1,076	-1,339	0	0	0
Principal repayments by borrowers on other loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	0	2	4	11	20	22	44	0	0	0	-	-	-	0
Net (purchases) redemptions of Federal Home Loan Bank stock
57	55	74	63	17	25	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (purchases) redemptions of Federal Reserve Bank stock
22	45	54	33	24	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (purchases) proceeds from settlement of bank-owned life insurance policies
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from settlement (purchases) of bank-owned life insurance policies
-	-	-	-	-	-	-	-	-	148	178	101	101	28	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of other loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0
Net increase in premises and equipment
58	61	54	58	53	53	55	62	54	51	44	32	31	34	31	36	30	28	29	23	35	38	34	36	30	28	38	37	33	30	22	16	15	15	15	19	19	21	0	0	0
Proceeds from disposals of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	0	0	3	1	5	7	4	6	3	1	2	0	0	0
Proceeds from sales of other assets held for sale
-	-	-	-	-	-	-	-	-	-	-	0	14	-	6	2	2	3	7	5	5	5	1	1	1	2	3	7	5	8	9	8	11	7	0	0	0	-	-	-	-
Proceeds from sale of merchant services business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Additions to other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net cash used in investing activities
-2,809	-2,153	-1,960	-2,257	-1,804	-1,338	-1,564	-1,118	-1,196	-1,473	-1,271	-1,515	-1,497	-1,416	-1,636	-1,509	-1,841	-2,106	-1,878	-1,926	-1,369	-1,166	-868	-320	-644	-27	-326	-19	1,065	818	2,116	1,666	1,127	2,265	1,794	2,545	2,150	800	0	0	0
Financing Activities
Net increase in deposits
1,783	797	101	614	901	571	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in demand and savings deposits
-	-	-	-	-	-	-	-	-	-	0	0	1,766	-	1,828	1,830	1,973	2,274	2,054	1,394	722	562	175	509	769	-114	-32	-375	-702	322	9	1,055	1,239	426	670	-338	-664	-62	0	0	0
Net increase in certificates of deposit
-	-	-	-	-	-	-	-	-	-	0	0	-111	-	-416	-555	-633	-565	-266	261	434	283	32	-35	-244	-122	103	-535	-874	-1,676	-2,272	-2,365	-2,308	-2,515	-2,796	-3,043	-3,309	-2,871	0	0	0
Net increase in federal funds purchased and securities sold under repurchase agreements
-1	-101	-22	36	99	76	49	57	39	1	-53	-96	-57	-17	59	58	78	50	28	60	-39	-21	-87	-95	-73	-53	28	-128	-77	-112	-162	-101	-109	-185	0	0	0	-	-	-	0
Net change in other short-term borrowings
-322	-1,103	-1,753	-1,230	-853	-550	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments and redemption of long-term debt
409	157	157	-100	200	2,230	2,926	3,551	4,105	2,350	2,137	1,887	1,658	2,213	2,029	1,853	1,278	823	125	450	450	400	806	532	560	307	428	290	261	491	520	878	845	601	750	661	690	678	0	0	0
Proceeds from issuance of long-term debt, net
1,448	497	497	497	297	2,280	2,676	2,976	3,776	1,771	1,550	1,550	1,150	1,875	2,146	1,846	1,446	871	35	335	535	510	1,055	905	1,017	617	662	878	566	860	660	293	293	165	535	685	740	740	0	0	0
Dividends paid to common shareholders
183	167	152	134	117	106	95	83	54	54	51	47	62	59	60	58	56	55	53	50	46	42	38	38	38	36	34	32	31	31	31	31	31	31	31	31	28	25	0	0	0
Dividends paid to preferred shareholders
17	17	12	15	14	13	13	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	0	0	0	-	0	0	0	-	0	0	0	-	48	48	48	48	0	0	0
Stock options and warrants exercised
15	16	11	8	7	2	2	2	2	3	5	5	6	5	3	4	4	5	5	5	4	3	2	2	1	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	769	0	0	0
Repurchase of common stock
421	725	729	443	468	175	173	206	186	175	135	136	167	263	300	261	251	199	250	197	147	88	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid related to net share settlement of equity awards
7	8	8	8	8	8	8	8	8	7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	0	-	-	-	0	-	-	-	-
Restricted stock activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3	-	4	4	4	0	0	2	2	3	3	1	1	0	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by financing activities
2,869	1,576	1,619	1,753	1,413	1,010	300	693	599	776	1,102	610	795	665	1,217	995	1,269	1,543	1,413	1,343	997	795	320	29	174	-722	-424	-541	-1,437	-1,185	-2,365	-2,075	-1,809	-2,790	-2,503	-3,462	-2,992	-1,886	0	0	0
Increase in cash and cash equivalents including restricted cash
557	43	170	59	206	210	-726	193	-18	-66	454	-396	-191	-285	37	16	-77	-118	-57	-235	-31	15	-128	167	48	-145	60	-94	-72	104	1	114	77	121	66	-179	-172	-175	0	0	0
Supplemental Disclosures:
Income taxes paid
101	101	89	65	41	41	47	47	18	18	13	12	10	9	8	7	9	10	10	10	6	5	5	5	2	2	1	2	2	-7	-15	-13	-15	-5	0	0	0	-	-	-	-
Interest paid
478	464	408	320	242	180	163	157	144	143	131	126	123	123	122	124	120	115	112	108	107	109	119	115	118	121	138	144	152	160	186	207	220	233	0	0	0	-	-	-	-
Non-cash Activities
Common stock issued, treasury stock reissued, equity awards/warrants exchanged to acquire FCB
0	1,625	1,625	1,625	1,625	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities sold during the period but settled after period-end
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities purchased during the period but settled after period-end
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premises and equipment transferred to other assets held for sale
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans foreclosed and transferred to other real estate
19	19	15	13	11	13	11	9	7	7	7	13	14	16	17	23	25	26	46	44	51	58	48	58	68	85	106	127	135	147	145	151	187	205	0	0	0	-	-	-	-
Loans transferred to/(from) other loans held for sale at fair value
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premises and equipment transferred to other assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	25	24	20	7	2	0	0	0	-	-	-	-	-	-	-	-	2	-3	-3	-13	22	0	0	0	-	-	-	-
Loans transferred to (from) other loans held for sale at fair value, net
-	-	-	-	-	-	-	47	49	52	81	17	19	14	36	14	19	26	0	0	0	-	-	0	0	-	593	630	683	731	462	386	416	486	0	0	0	-	-	-	-
Subtopic 825-10 equity investment securities available for sale transferred to other assets
-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write down to fair value for other loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Securities purchased during the period but settled after period-end
0	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	13	10	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Other loans held for sale transferred to loans at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6	1	1	0	0	0	0	-	-	-	-	-	-	-	-
Other loans held for sale foreclosed and transferred to other real estate at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	6	7	8	4	16	18	21	0	0	0	-	-	-	-
(Decrease) increase in unrealized gains net of unrealized losses on available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13	-58	-34	-24	0	0	0	-	-	-	-
Net change related to cash flow hedges, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	-5	-16	-11	0	0	0	-	-	-	-
Mortgage loans held for sale transferred to loans at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	2	2	4	7	0	0	0	-	-	-	-
Fair value of non-cash assets acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	100	100	101	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of liabilities assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-191	191	191	248	56	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Securities sold during the period but settled after period end
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment loss on available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Securities purchased (sold) during the period but settled after period end
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Accretion of discount on Series A Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-