XML 128 R111.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Financial Information Of Synovus Financial Corp. (Parent Company Only) (Condensed Statements of Cash Flows) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net income $ 373,695 $ 563,780 $ 428,476
Adjustments to reconcile net income to net cash provided by operating activities:      
Other 55,343 4,592 0
Net cash provided by operating activities 17,032 621,050 538,052
Investing Activities      
Net cash used in investing activities (2,352,973) (2,153,862) (1,338,049)
Financing Activities      
Repurchases of common stock (16,246) (725,398) (175,072)
Repayments and redemption of long-term debt (2,408,939) (157,226) (2,230,052)
Proceeds from issuance of long-term debt, net 1,445,492 497,045 2,280,000
Proceeds from issuance (redemption) of preferred stock, net 0 342,005 65,140
Other (1,552) (1,947) (1,220)
Net cash provided by financing activities 5,401,940 1,576,166 1,010,628
Increase in cash, cash equivalents, and restricted cash 3,065,999 43,354 210,631
Cash, cash equivalents, and restricted cash at beginning of year 1,186,918 1,143,564 932,933
Cash, cash equivalents, and restricted cash at end of year 4,252,917 1,186,918 1,143,564
Income taxes paid 110,828 101,781 41,008
Interest paid 319,282 464,712 180,241
Parent Company      
Operating Activities      
Net income 373,695 563,780 428,476
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed (income) loss of subsidiaries 140,819 (191,373) (203,729)
Deferred income tax expense 3,962 1,775 1,055
Net increase in other liabilities 11,243 43,617 9,551
Net decrease in other assets 17,441 3,367 6,723
Other (5,132) 1,037 1,115
Net cash provided by operating activities 542,028 422,203 243,191
Investing Activities      
Proceeds from sales of investment securities available for sale 0 97,389 0
Advance of long-term note receivable due from bank subsidiary 0 (100,000) 0
Return of investment non-bank subsidiary 0 790 0
Net cash received in business combination, net of cash paid 0 4,813 0
Proceeds from sales of equity securities 23,141 0 0
Net cash used in investing activities 23,141 2,992 0
Financing Activities      
Dividends paid to common and preferred shareholders (223,130) (185,664) (120,202)
Repurchases of common stock (16,246) (725,398) (175,072)
Repayments and redemption of long-term debt (250,000) 0 0
Proceeds from issuance of long-term debt, net 0 297,174 0
Proceeds from issuance (redemption) of preferred stock, net 0 342,005 65,140
Other (1,552) (1,947) (1,220)
Net cash provided by financing activities (490,928) (273,830) (231,354)
Increase in cash, cash equivalents, and restricted cash 74,241 151,365 11,837
Cash, cash equivalents, and restricted cash at beginning of year 374,388 223,023 211,186
Cash, cash equivalents, and restricted cash at end of year 448,629 374,388 223,023
Income taxes paid 119,100 101,600 41,700
Interest paid $ 42,000 $ 33,100 $ 24,200