Cash Flow Statement ZIONS BANCORPORATION (NASDAQ - ZION)
2009 Y 2010 Y 2011 Y 2012 Y 2013 Q1 YTD Source Document 12/31/2011 12/31/2012 12/31/2012 12/31/2012 3/31/2013 Currency Code USD USD USD USD USD (in thousands) Net income for the period (1,221,677) (296,349) 322,690 348,150 110,387 Adjustments to reconcile net income to net cash provided by operating activities Net impairment losses on investment securities 1,128,771 87,105 35,686 106,545 10,117 Gain on subordinated debt exchanged for common stock (508,945) (14,471) 0 0 NA Gains on divestitures (169,186) (13,703) 0 (2,510) NA Provision for credit losses 2,082,438 847,956 65,246 18,614 (35,389) Depreciation and amortization 213,040 372,754 299,948 214,617 46,233 Deferred income tax expense (15,071) (28,665) 115,604 9,788 1,282 Net decrease (increase) in trading securities 18,521 (25,124) 8,394 11,983 (11) Net decrease in loans held for sale (396) (32,953) 50,696 (31,445) 89,996 Net write-downs of and gains/losses from sales of other real estate owned 92,920 136,232 58,676 17,166 53 Change in other liabilities (423,154) 241,936 19,370 27,439 (48,477) Change in other assets (146,722) 230,522 153,592 71,772 51,580 Other, net 7,925 (33,610) (1,691) (26,492) (15,505) Net cash provided by operating activities 1,058,464 1,471,630 1,128,211 765,627 210,266 Net decrease (increase) in money market investments 1,975,107 (3,974,808) (2,416,741) (1,631,278) 628,887 Proceeds from maturities and paydowns of investment securities held-to-maturity 166,808 154,906 101,893 128,278 53,612 Purchases of investment securities held-to-maturity (76,322) (86,568) (69,171) (86,790) (45,800) Proceeds from sales, maturities, and paydowns of investment securities available-for-sale 1,261,655 1,084,074 2,206,881 1,212,047 359,223 Purchases of investment securities available-for-sale (1,852,711) (1,717,518) (1,423,141) (932,034) (486,975) Proceeds from sales of loans and leases 104,304 154,428 17,609 66,223 6,011 Net loan and lease collections (originations) 1,412,754 1,742,889 (1,245,151) (821,457) (134,837) Proceeds from surrender of bank-owned life insurance contracts 0 210,726 0 0 NA Net decrease in other noninterest-bearing investments (19,580) 29,493 19,407 40,014 7,388 Net purchases of premises and equipment (97,135) (79,071) (77,669) (68,894) (15,800) Proceeds from sales of other real estate owned 315,229 523,967 362,495 204,818 27,974 Net cash received from (paid for) divestitures 452,192 21,149 0 (19,901) NA Net cash paid for divestitures NA NA NA NA 0 Net cash provided by (used in) investing activities 3,642,301 (1,936,333) (2,523,588) (1,908,974) 399,683 Net increase (decrease) in deposits (2,154,495) (903,224) 1,940,697 3,286,823 (1,642,878) Net change in short-term funds borrowed (3,007,062) (19,541) (208,541) (370,264) (25,853) Repayments of debt over 90 days and up to one year (236,811) NA NA NA NA Proceeds from issuance of long-term debt 704,022 150,413 106,065 757,610 19,362 Repayments of long-term debt (408,531) (73,558) (8,663) (372,891) (18,398) Cash paid for preferred stock redemption (47,166) 0 0 (1,542,500) 0 Proceeds from issuances of common and preferred stock 464,110 977,145 25,686 143,240 169,399 Dividends paid on common and preferred stock (96,271) (109,316) (156,135) (133,581) (24,232) Other, net (24,348) (3,279) (3,508) (7,533) (439) Net cash used in financing activities (4,806,552) 18,640 1,695,601 1,760,904 (1,523,039) Net decrease in cash and due from banks (105,787) (446,063) 300,224 617,557 (913,090) Cash and due from banks at beginning of period 1,475,976 1,370,189 924,126 1,224,350 1,841,907 Cash and due from banks at end of period 1,370,189 924,126 1,224,350 1,841,907 928,817 Cash paid for interest 577,799 358,156 263,338 214,673 62,131 Net cash paid (refund received) for income taxes (131,187) (324,804) 3,743 183,348 3,565
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