WBS » Topics » WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIES

This excerpt taken from the WBS 10-Q filed Aug 5, 2008.

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited), continued

 

 

 

     Six months ended
June 30,
 

(In thousands)

   2008    2007  

Cash Flows from Discontinued Operations:

     

Operating activities

   $ (2,141)    $ (2,441)  

Proceed from sale of discontinued operations

     23,920      —    
               

Net cash provided by (used for) discontinued operations

     21,779      (2,441 )
               

Increase (decrease) in cash and cash equivalents

     16,826      (18,665 )

Cash and cash equivalents at beginning of period

     306,654      311,888  
               

Cash and cash equivalents at end of period

   $ 323,480    $ 293,223  
               

Supplemental disclosures of cash flow information:

     

Interest paid

   $ 199,203    $ 241,021  

Income taxes paid

     24,190      31,239  

Noncash investing and financing activities:

     

Transfer of loans and leases, net to foreclosed properties

   $ 15,478    $ 4,894  

Issuance of loan to finance sale of subsidiary

     18,000      —    

Transfer of property from premises and equipment to assets held for disposition

     900      —    

Mortgage loans securitized and transferred to mortgage-backed securities held-to-maturity

     —        632,897  

Residential construction loans held-for-sale transferred to residential construction loan portfolio

     —        96,324  

Contingent consideration in a business combination

     —        1,585  

Sale transactions:

     

Fair value of noncash assets sold

   $ 40,833    $ —    

Fair value of liabilities extinguished

     7,117      —    

See accompanying Notes to Consolidated Interim Financial Statements.

 

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Table of Contents
This excerpt taken from the WBS 10-K filed Feb 27, 2007.
WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIES
 
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
 
                         
    Year Ended December 31,  
    2006     2005     2004  
    (In thousands)  
 
Supplemental Disclosures:
                       
Income taxes paid
  $ 37,003     $ 84,349     $ 39,177  
Interest paid
    514,558       344,418       258,353  
Supplemental Schedule of Noncash Investing and Financing Activities:
                       
Transfer of loans to foreclosed properties
  $ 2,956     $ 5,394     $ 4,767  
Reclassification of reserve for unfunded credit commitments
          9,146        
Reclassification of available for sale securities to held-to-maturity
                922,778  
Mortgage loans securitized and transferred to mortgage-backed securities held-to-maturity
    371,133              
Purchase Transactions:
                       
Fair value of noncash assets acquired
  $ 815,515     $ 235,963     $ 2,740,278  
Fair value of liabilities assumed
    653,854       210,786       2,724,335  
Fair value of common stock issued
    172,842             290,980  
Sale Transactions:
                       
Fair value of noncash assets sold
  $     $ 105,656     $ 16,263  
Fair value of liabilities extinguished
          56,237       7,104  


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Table of Contents

EXCERPTS ON THIS PAGE:

10-Q
Aug 5, 2008
10-K
Feb 27, 2007
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