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Cash Flow Statement

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Cash Flow Statement 
 2014 Y2015 Y2016 Y2017 Y2018 Q2 YTD
Source Document12/31/201612/31/201712/31/201712/31/20176/30/2018
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
OPERATING ACTIVITIES 
Net income 120,655116,073158,801247,105112,210
Adjustments to reconcile net income to net cash provided by operating activities 
Provision for loan losses 17,00015,50032,50041,00017,000
Net accretion of premiums and discounts from acquisition 0(2,727)(2,303)(1,906)(184)
Depreciation and amortization 46,35552,75154,55654,87526,544
Deferred income tax benefit (11,456)(4,848)2,75659,738(34,703)
Net increase in trading securities and other earning assets (2,714)10,258(12,420)(10,805)(14,742)
Gains on sales of securities available for sale, net (4,127)(10,402)(8,509)(4,192)(367)
Losses on sales of assets (3,034)(98)(762)(103,346)212
Amortization of securities premiums, net of discount accretion 51,54257,30154,46748,10122,647
Originations of loans held for sale (71,598)(96,324)(92,438)(65,163)(25,502)
Gains on sales of loans held for sale, net (1,137)(1,331)(1,774)(1,561)(550)
Proceeds from sales of loans held for sale 73,46897,69089,52270,54324,030
Equity-based compensation 9,66110,75111,73513,3165,695
Net tax benefit related to equity compensation plans 1,8809441,0733,6122,059
Changes in 
Accrued income (1,081)(7,075)(8,918)(9,201)(1,270)
Accrued expenses and taxes 40,345(4,503)14,112(40,806)(43,856)
Other assets and liabilities, net (20,100)(22,055)4,04225,2169,592
Net cash provided by operating activities 245,659211,905296,440326,52698,815
INVESTING ACTIVITIES 
Proceeds from maturities of securities held to maturity 25,27059,77548,53987,59566,253
Proceeds from sales of securities available for sale 413,955946,045951,264578,51741,272
Proceeds from maturities of securities available for sale 1,321,1351,200,1781,792,3571,198,834599,647
Purchases of securities held to maturity (109,308)(451,350)(500,682)(236,832)(10,307)
Purchases of securities available for sale (1,859,692)(1,923,747)(2,546,028)(1,585,395)(515,636)
Net increase in loans (963,028)(988,434)(1,129,026)(770,727)(373,358)
Net decrease in fed funds sold and resell agreements (31,087)(45,190)(150,700)132,726121,255
Net cash activity from acquisitions and divestitures (18,231)95,3510164,5612,874
Net decrease in interest bearing balances due from other financial institutions (164,415)34,47388,00945,7527,336
Purchases of premises and equipment (44,790)(53,760)(50,841)(36,447)(22,152)
Proceeds from sales of premises and equipment 5,2121,0691,7603,03726
Purchases of bank-owned and company-owned life insurance (6,000)(204,647)(7,095)(62,800)NA
Proceeds from bank-owned life insurance death benefit NA002,60116
Net cash used in investing activities (1,430,979)(1,330,237)(1,502,443)(478,578)(82,774)
FINANCING ACTIVITIES 
Net decrease in demand and savings deposits 174,718894,6671,598,0261,307,843(1,276,612)
Net (decrease) increase in time deposits (178,294)(352,622)(119,315)144,543(360,310)
Net increase in fed funds purchased and repurchase agreements 441,914(207,070)38,875(596,233)405,454
Net decrease in short-term debt (107)(112,133)(5,000)0NA
Proceeds from long-term debt 5,3202,5001,5003,003NA
Repayment of long-term debt (1,565)(10,816)(11,703)(1,524)(1,138)
Payment of contingent consideration on acquisitions (13,725)(21,494)(3,031)0NA
Cash dividends paid (41,364)(45,967)(49,038)(51,876)(29,062)
Proceeds from exercise of stock options and sales of treasury shares 8,96611,60616,91113,8677,999
Purchases of treasury stock (5,741)(8,457)(16,367)(15,276)(6,211)
Net cash used in financing activities 390,122150,2141,450,858804,347(1,259,880)
Decrease in cash and cash equivalents (795,198)(968,118)244,855652,295(1,243,839)
Cash and cash equivalents at beginning of period 2,582,4281,787,230819,1121,063,9671,716,262
Cash and cash equivalents at end of period 1,787,230819,1121,063,9671,716,262472,423
Supplemental Disclosures 
Income taxes paid 61,22847,08644,07645,74951,701
Total interest paid 13,95817,81227,99956,82043,901
Transactions related to Marquette acquisition 
Assets acquired 01,312,17400NA
Liabilities assumed 01,151,02500NA


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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