PBCT » Topics » CONDENSED STATEMENT OF CASH FLOWS

These excerpts taken from the PBCT 10-K filed Feb 29, 2008.

CONDENSED STATEMENT OF CASH FLOWS

 

(in millions)

   For the period
April 16, 2007
through
December 31, 2007
 

Cash Flows from Operating Activities:

  

Net income

   $ 150.7  

Contribution of common stock to The People’s United Community Foundation

     40.0  

Equity in overdistributed income of subsidiaries

     45.7  

Net change in other assets and liabilities

     (14.8 )
        

Net cash provided by operating activities

     221.6  
        

Cash Flows from Investing Activities:

  

Purchases of securities purchased under agreements to resell

     (428.0 )

Increase in investments in subsidiaries

     (1,667.4 )
        

Net cash used by investing activities

     (2,095.4 )
        

Cash Flows from Financing Activities:

  

Cash dividends paid on common stock

     (115.6 )

Net proceeds from issuance of common stock pursuant to second-step conversion

     3,334.8  

Capital contribution pursuant to dissolution of People’s Mutual Holdings

     8.1  

Purchase of common stock by ESOP

     (216.8 )

Common stock repurchased

     (127.1 )

Proceeds from issuance of common stock, net of related tax benefits

     4.6  
        

Net cash provided by financing activities

     2,888.0  
        

Net increase in cash and cash equivalents

     1,014.2  

Cash and cash equivalents at beginning of period

     —    
        

Cash and cash equivalents at end of year

   $ 1,014.2  
        

 

F-55


Table of Contents

People’s United Financial, Inc. and Subsidiaries

Notes to Consolidated Financial Statements—(Continued)

 

CONDENSED STATEMENT OF CASH FLOWS

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(in millions)

  For the period
April 16, 2007
through
December 31, 2007
 

Cash Flows from Operating Activities:

  

Net income

  $150.7 

Contribution of common stock to The People’s United Community Foundation

   40.0 

Equity in overdistributed income of subsidiaries

   45.7 

Net change in other assets and liabilities

   (14.8)
     

Net cash provided by operating activities

   221.6 
     

Cash Flows from Investing Activities:

  

Purchases of securities purchased under agreements to resell

   (428.0)

Increase in investments in subsidiaries

   (1,667.4)
     

Net cash used by investing activities

   (2,095.4)
     

Cash Flows from Financing Activities:

  

Cash dividends paid on common stock

   (115.6)

Net proceeds from issuance of common stock pursuant to second-step conversion

   3,334.8 

Capital contribution pursuant to dissolution of People’s Mutual Holdings

   8.1 

Purchase of common stock by ESOP

   (216.8)

Common stock repurchased

   (127.1)

Proceeds from issuance of common stock, net of related tax benefits

   4.6 
     

Net cash provided by financing activities

   2,888.0 
     

Net increase in cash and cash equivalents

   1,014.2 

Cash and cash equivalents at beginning of period

   —   
     

Cash and cash equivalents at end of year

  $1,014.2 
     

 


F-55







Table of Contents



People’s United Financial, Inc. and Subsidiaries

STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">Notes to Consolidated Financial Statements—(Continued)

 


EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 29, 2008

RELATED TOPICS for PBCT:

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