SEC Company Response from SYNOVUS FINANCIAL CORP (SNV, SNV-PD, SNV-PE) (CIK 0000018349) — Oct 17, 2005
SYNOVUS FINANCIAL CORP (SNV, SNV-PD, SNV-PE) (CIK 0000018349)
Date: Oct. 17, 2005 · CIK: 0000018349 · Accession: 0000018349-05-000166
AI Filing Summary & Sentiment
Referenced dates: October 6, 2005
Letter
Division of Corporation Finance Securities and Exchange Commission Form 10-K for the Fiscal Year ended December 31, 2004 Forms 10-Q for Fiscal Quarters ended March 31, 2005 and June 30, 2005 File No. 1-10312
Dear Mr. Nolan:
This letter is written in response to your comment letter dated October 6, 2005 with respect to Synovus Financial Corp.’s (Synovus) Annual Report on Form 10-K for the year ended December 31, 2004 and Synovus’ Quarterly Reports on Form 10-Q for the quarters ended March 31, 2005 and June 30, 2005.
Set forth below is our response to the items included in your comment letter.
Form 10-K for the year ended December 31, 2004
Exhibit 99.1 – Financial Appendix to the Proxy Statement
Consolidated Financial Statements
Mr. John P. Nolan
Securities and Exchange Commission
October 17, 2005
Page 2 of 2
Consolidated Statements of Cash Flows, page F-5
1. We note your response to our prior comment 1. It appears net loan charge-offs, changes in prepaid and miscellaneous assets, changes in other accrued liabilities, and accrued salaries and employee benefits significantly impacted your net cash provided by operating activities for the year ended December 31, 2004. In future filings, please present, in a separate line item, the more significant components of your cash flows from other operating activities.
In future filings Synovus will present, in a separate line item, the more significant components of cash flows from other operating activities.
We will ensure that future filings contain the disclosures as noted in this response as well as the response dated September 20, 2005.
Sincerely,
/s/Thomas J. Prescott
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[Synovus Financial Corp. Logo]
THOMAS J. PRESCOTT
Executive Vice President
and Chief Financial Officer
October 17, 2005
Mr. John P. Nolan
Accounting Branch Chief
Division of Corporation Finance
Securities and Exchange Commission
Washington, DC 20549
RE:
Synovus Financial Corp.
Form 10-K for the Fiscal Year ended December 31, 2004
Forms 10-Q for Fiscal Quarters ended
March 31, 2005 and June 30, 2005
File No. 1-10312
Dear Mr. Nolan:
This letter is written in response to your comment letter dated October 6, 2005 with respect to Synovus Financial Corp.’s (Synovus) Annual Report on Form 10-K for the year ended December 31, 2004 and Synovus’ Quarterly Reports on Form 10-Q for the quarters ended March 31, 2005 and June 30, 2005.
Set forth below is our response to the items included in your comment letter.
Form 10-K for the year ended December 31, 2004
Exhibit 99.1 – Financial Appendix to the Proxy Statement
Consolidated Financial Statements
Mr. John P. Nolan
Securities and Exchange Commission
October 17, 2005
Page 2 of 2
Consolidated Statements of Cash Flows, page F-5
1. We note your response to our prior comment 1. It appears net loan charge-offs, changes in prepaid and miscellaneous assets, changes in other accrued liabilities, and accrued salaries and employee benefits significantly impacted your net cash provided by operating activities for the year ended December 31, 2004. In future filings, please present, in a separate line item, the more significant components of your cash flows from other operating activities.
In future filings Synovus will present, in a separate line item, the more significant components of cash flows from other operating activities.
We will ensure that future filings contain the disclosures as noted in this response as well as the response dated September 20, 2005.
Sincerely,
/s/Thomas J. Prescott
Thomas J. Prescott
Executive Vice President and Chief Financial Officer
Cc: Richard Anthony
Lisa Haynes