Consolidated Statements of Cash Flows (In Thousands) BOK FINANCIAL CORPORATION 2001 2000 1999 Cash Flows From Operating Activities: Net income . $116,302 $ 100,140 $ - 89,226 Adjustments to reconcile net income to net cash provided by operating activities: Provisions for loan losses 37,610 17,204 10,365 Provisions for mortgage servicing rights 15,551 2,900 Transition adjustment of adoption of FAS 133 {236) = = Unrealized losses from derivatives 12,082 = = Depreciation and amortization 69,165 . 34,444 41,088 Tax benefit on exercise of stock options 3,408 1,010 3,138 Tax accrual reversal - 3,000 = Net amortization of securities discounts and premiums (5,615) (4,975) 1,413 Net gain on sale of assets (47,954) (11,694) (15,039) Mortgage loans originated for resale (972,066) (494,675) (686,082) Proceeds from sale of mortgage loans held for resale 1,008,073 547,140 738,109 Change in trading securities 29,538 (25,132) 34,734 Change in accrued revenue receivable 6,253 (7,341) 21 Change in other assets 2,881 73,177 (65,824) Change in accrued interest, taxes and expense (3,125) (18,393) 24,151 Change in other liabilities 9,599 (15,992) 29,806 Net cash provided by operating activities 281,466 220,813 205,106 Cash Flows From Investing Activities: Proceeds from sales of investment securities - 175 = Proceeds from sales of available for sale securities 9,142,248 1,677,078 1,397,956 Proceeds from maturities of investment securities 80,273 41,764 59,684 Proceeds from maturities of available for sale securities 930,494 445,384 634,527 Purchases of investment securities (88,282) (62,334) (45,330) Purchases of available for sale securities (10,496,575) (2,227,911) (2,223,829) Loans originated:or acquired net of principal collected (675,612) (974,220) (1,047,291) Proceeds from sales of assets 68,088 69,201 190,673 Purchases of assets (75,655) (98,822) (93,755) Cash and cash equivalents of subsidiaries and branches acquired and ‘sold, net (72,990) (14) 25,584 Net cash used by investing activities (1,188,011) (1,129,699) (1,101,781) Cash Flows From Financing Activities: Net change in demand deposits, transaction deposits, and savings accounts 346,034 329,483 (20,535) Net change in certificates of deposit 146,075 453,338 321,702 Net change in other borrowings 141,660 451,574 554,433 Amount due on unsettled security transaction 231,660 _ - Paydown of other borrowings (95,000) - - Issuance:of subordinated debenture 30,000 = _ Issuance of.preferred, common and treasury stock, net 2,745 999 823 Purchase of treasury stock = (2,633) (1,574) Dividends paid (20) (i) (2,744) Net cash provided by financing activities 803,154 1,232,760 852,105 Net increase (decrease) in cash and cash equivalents (103,391) 323,874 (44,570) Cash and cash equivalents at beginning of period 750,729 426,855 471,425 Cash and cash equivalents at end of period $ 647,338 $.750,729 $ 426,855 Cash paid for interest $. 334,103 $.361,645 - $ 265,548 Cash paid for taxes 70,699 $1,669 43,664 Net loans transferred to repossessed real estate 7,228 2,226 1,857 Payment of dividends in common stock 36,371 1,500 32,192 31 See accompanying notes to consolidated financial statements.