 |
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Statement of Cash Flows |
|
|
|
Year Ended December 31 |
|
|
2003 |
|
|
|
2002 |
|
|
|
2001 |
|
|
|
|
|
| Operating activities |
|
| Net income |
|
$ |
10,810 |
|
$ |
9,249 |
|
$ |
6,792 |
|
| Reconciliation of net income to net cash provided by operating activities: |
|
| Equity in undistributed earnings (losses) of subsidiaries |
|
(2,187 |
) |
|
1,867 |
|
(2,504 |
) |
| Other operating activities, net |
|
115 |
|
(2,537 |
) |
|
1,768 |
|
|
|
|
|
| Net cash provided by operating activities |
|
8,738 |
|
8,579 |
|
6,056 |
|
|
|
|
|
| Investing activities |
|
| Net purchases of securities |
|
(59 |
) |
|
(428 |
) |
|
(24 |
) |
| Net payments to subsidiaries |
|
(1,160 |
) |
|
(2,025 |
) |
|
(3,330 |
) |
| Other investing activities, net |
|
(1,597 |
) |
|
(158 |
) |
|
- |
|
|
|
|
|
| Net cash used in investing activities |
|
(2,816 |
) |
|
(2,611 |
) |
|
(3,354 |
) |
|
|
|
|
| Financing activities |
|
| Net increase (decrease) in commercial paper and other short-term borrowings |
|
2,482 |
|
(7,505 |
) |
|
(5,154 |
) |
| Proceeds from issuance of long-term debt |
|
14,713 |
|
8,753 |
|
10,762 |
|
| Retirement of long-term debt |
|
(5,928 |
) |
|
(1,464 |
) |
|
(6,106 |
) |
| Proceeds from issuance of common stock |
|
4,207 |
|
2,632 |
|
1,121 |
|
| Common stock repurchased |
|
(9,799 |
) |
|
(7,466 |
) |
|
(4,716 |
) |
| Cash dividends paid |
|
(4,281 |
) |
|
(3,709 |
) |
|
(3,632 |
) |
| Other financing activities, net |
|
276 |
|
(338 |
) |
|
763 |
|
|
|
|
|
| Net cash used in financing activities |
|
1,670 |
|
(9,097 |
) |
|
(6,962 |
) |
|
|
|
|
| Net increase (decrease) in cash held at bank subsidiaries |
|
7,592 |
|
(3,129 |
) |
|
(4,260 |
) |
| Cash held at bank subsidiaries at January 1 |
|
12,844 |
|
15,973 |
|
20,233 |
|
|
|
|
|
| Cash held at bank subsidiaries at December 31 |
|
$ |
20,436 |
|
$ |
12,844 |
|
$ |
15,973 |
|
|
|
|
|
|
