XML 58 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 138,183 $ 111,141 $ 118,653
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization (accretion) of fees, discounts, premiums and intangible assets, net 31,046 20,663 21,624
Cash received from FDIC under loss share 3,456 32,828 92,551
Depreciation 7,587 6,667 5,766
Stock option compensation expense 848 1,087 1,213
Provision for loan losses 44,955 93,104 179,909
(Gain) loss on investment securities and real estate held for sale, net (100,952) 23,315 58,066
Loss on extinguishment of debt 95,565 0 0
Gain on FDIC-assisted transaction 0 0 (85,608)
Decrease (increase) in accrued interest receivable 5,726 (3,312) 7,999
Increase in FDIC loss share receivable (3,284) (10,470) 0
Increase (decrease) in income taxes payable 18,066 (11,351) (23,408)
Decrease (increase) in other assets (74,889) 21,600 (51,641)
Increase (decrease) in accrued expenses and other liabilities 8,649 (23,575) (74,243)
Net cash provided by (used in) operating activities 174,956 261,697 250,881
CASH FLOWS FROM INVESTING ACTIVITIES      
Net principal collections (loan originations) 544,240 400,054 281,826
FHLB stock redeemed 1,830 0 0
Available-for-sale securities purchased (2,442,184) (1,585,945) (1,774,343)
Principal payments and maturities of available-for-sale securities 1,608,603 727,379 1,052,545
Available-for-sale securities sold 2,257,913 131,361 496,024
Held-to-maturity securities purchased (1,167,121) 0 0
Principal payments and maturities of held-to-maturity securities 23,082 33,874 23,128
Net cash received from acquisition 50,576 0 111,684
Proceeds from sales of real estate held for sale 175,832 110,400 129,447
Covered REO purchased 33,579 29,383 0
Increase in intangible assets (1,061) 0 0
Premises and equipment purchased and REO improvements (30,949) (10,539) (13,027)
Net cash provided (used) by investing activities 1,054,340 (164,033) 307,284
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in customer accounts (225,068) (186,637) 190,702
Proceeds from long-term borrowings 0 200,000 200,000
Repayments of long-term borrowings (995,306) (100,000) (539,034)
Proceeds from exercise of common stock options and related tax benefit 357 1,686 1,940
Dividends paid on common stock (32,430) (25,697) (22,450)
Treasury stock purchased, net (41,914) (59,680) 0
Decrease in advance payments by borrowers for taxes and insurance 493 44 911
Net cash used by financing activities (1,293,868) (170,284) (167,931)
Increase (decrease) in cash and cash equivalents (64,572) (72,620) 390,234
Cash and cash equivalents at beginning of period 816,002 888,622 498,388
Cash and cash equivalents at ending of period 751,430 816,002 888,622
Non-cash investing activities      
Non-covered real estate acquired through foreclosure 160,971 112,693 222,057
Covered real estate acquired through foreclosure 15,905 54,638 34,536
Cash paid during the period for      
Interest 199,735 228,444 269,478
Income taxes 59,596 73,798 27,503
The following summarizes the non-cash activities related to acquisitions      
Fair value of assets and intangible acquired, including goodwill 124,594 0 1,091,629
Fair value of liabilities assumed (154,493) 0 (1,047,981)
Net fair value of assets (liabilities) $ (29,899) $ 0 $ 43,648