BOSTON PRIVATE FINANCIAL HOLDINGS, INC BPFH Cash Flow

Boston private financial holdings, inc (BPFH)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Cash flows from operating activities:
Net income attributable to the Company
80,028	80,384	40,591	71,628	64,925	68,815	70,535	53,271	39,137	-10,970	5,231
Adjustments to arrive at net income:
Net income attributable to noncontrolling interests
362	3,487	4,468	4,157	4,407	4,750	3,948	3,122	3,148	2,586	3,649
Net pre-tax gain from operating activities of discontinued operations
-	-	-	-	11,234	11,258	13,913	9,946	10,631	6,719	1,574
Net pre-tax gain on sale of discontinued operations
-	-	-	-	-	-	-	221	0	0	3,082
Net income from discontinued operations
0	2,002	4,870	5,541	4,823	5,098	6,121	2,532	4,447	2,976	12,161
Net income from continuing operations
80,390	81,869	40,189	70,244	62,921	67,405	66,691	48,758	36,101	-12,127	16,385
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Depreciation and amortization
24,125	23,129	21,023	23,441	22,187	19,378	19,107	18,888	18,051	17,370	17,904
Net income attributable to noncontrolling interests
362	3,487	4,468	4,157	4,407	4,750	3,948	3,122	3,148	2,586	3,649
Stock compensation, net of cancellations
4,820	6,676	8,275	4,112	9,820	6,239	6,747	7,531	6,867	5,528	6,943
Goodwill, Impairment Loss
0	0	24,901	9,528	0	0	-	-	-	-	1,699
Provision/(credit) for loan losses
-3,564	-2,198	-7,669	-6,935	-1,555	-6,400	-10,000	-3,300	13,160	87,178	44,959
Loans originated for sale
62,690	37,631	53,287	80,539	153,445	71,858	231,539	240,296	156,441	210,447	288,880
Proceeds from sale of loans held for sale
58,541	39,773	52,508	85,814	153,679	71,440	254,345	222,621	154,480	214,523	290,903
Gain on repurchase of debt
-	-	-	-	-	-	620	3,444	4,230	0	18,739
(Gain)/loss on sale of affiliates
0	18,142	-1,264	2,862	0	0	10,574	0	0	-	-
Goodwill and intangibles on sale of affiliates
0	-18,919	0	0	-	-	-	-	-	-	-
Deferred income tax expense/(benefit)
5,423	5,829	22,845	2,777	-4,575	5,058	10,313	3,648	7,798	-25,981	6,230
Decrease/(increase) in right-of-use assets
6,386	-	-	-	-	-	-	-	-	-	-
Increase in right-of-use assets
6,386	-	-	-	-	-	-	-	-	-	-
Increase/(decrease) in operating lease liabilities
7,050	-	-	-	-	-	-	-	-	-	-
Decrease in operating lease liabilities
7,050	-	-	-	-	-	-	-	-	-	-
Net decrease/(increase) in other operating activities
32,737	23,240	8,466	817	-2,852	-14,387	-5,861	-6,094	-6,202	-85	-72,466
Net cash provided by/(used in) operating activities of continuing operations
73,282	91,497	97,115	100,606	87,477	100,899	106,383	57,378	78,840	73,543	133,761
Net cash provided by operating activities of discontinued operations
0	2,002	4,870	5,541	6,411	6,160	7,792	-5,566	7,506	8,488	111,507
Net cash provided by/(used in) operating activities
73,282	93,499	101,985	106,147	93,888	107,059	114,175	51,812	86,346	82,031	245,268
Cash flows from investing activities:
Investment securities available-for-sale:
Investment securities available-for-sale:
Purchases
84,514	39,747	111,755	382,827	506,529	335,404	243,359	364,021	731,379	785,644	741,073
Sales
0	53,412	81,221	11,135	34,160	6,450	4,062	49,336	162,728	434,919	304,822
Maturities, calls, redemptions, and principal payments
128,654	120,523	120,546	165,768	208,467	190,926	227,973	451,284	518,396	435,792	345,766
Investment securities held-to-maturity:
Investment securities held-to-maturity:
Purchases
0	21,752	14,945	0	0	48,835	112,391	0	0	500	8,027
Principal payments
21,949	25,598	32,912	22,522	23,741	19,263	325	0	0	2,500	8,026
Equity securities at fair value:
Transfers out
51,395	63,791	65,266	39,488	-	-	-	-	-	-	-
Transfers in
46,813	70,357	67,186	38,914	-	-	-	-	-	-	-
(Investments)/distributions in trusts, net
-720	-224	952	508	165	385	-154	713	-231	547	1,092
Purchase of BOLI
0	0	50,000	0	-	-	-	-	-	-	-
Contingent Considerations from Divestitures
4,507	1,233	0	0	-	-	-	-	-	-	-
Redemption of Federal Home Loan Bank and Federal Reserve Bank stock
10,185	10,710	15,896	8,896	2,900	-6,331	-3,369	-1,733	-2,132	-1,644	0
Net increase in portfolio loans
277,351	390,884	390,003	403,670	452,675	221,256	310,834	568,995	208,512	278,131	241,493
Purchase of additional Bank Owned Life Insurance (BOLI)
-	-	-	-	0	-	-	-	-	-	-
Proceeds from recoveries of loans previously charged off
1,463	3,266	5,197	10,461	6,253	11,163	7,731	8,428	11,975	9,520	-
Proceeds from recoveries of loans previously charged off
-	-	-	-	-	-	-	-	-	-	-1,328
Proceeds from sale of OREO
492	108	1,644	1,337	277	1,102	2,455	5,021	24,513	21,235	24,979
Proceeds from sale of portfolio loans
190,686	-	-	98,517	-	58,568	9,449	109,934	0	18,434	0
Distributions related to sale of offices
-	-	-	-	0	0	-	-	-	-	-
Proceeds from sale and repayments of non-strategic loan portfolio, net of advances
-	-	-	-	-	-	-	-	1,000	4,323	21,367
Proceeds from sale of Pacific Northwest offices
-	-	-	-	-	-	123,693	0	0	-	-
Capital expenditures
11,205	20,643	14,204	9,011	5,419	9,705	8,311	6,532	8,877	4,384	5,587
Cash received from dispositions/ (paid for acquisitions, including deferred acquisition obligations, net of cash acquired)
-	-	-	-	-	44,845	0	-5,964	-2,752	31,525	2,744
Payments for (Proceeds from) Other Investing Activities
-	-	-	-	-	1,601	224	1,561	0	0	-
Proceeds from Divestiture of Businesses, Net of Cash Divested
-	-	-	-	-	-	-	-	-	-	79,103
Net cash provided by/ (used in) investing activities of continuing operations
-	-	-	-	-	-368,228	-295,908	-310,122	-225,041	-172,364	-214,625
Net cash provided by/(used in) investing activities - discontinued operations
-	-	-	-	-	0	0	-21	-1,126	-6,801	39,626
Net cash provided by/(used in) investing activities
-18,996	-198,405	-354,315	-692,780	-694,790	-368,228	-295,908	-310,143	-226,167	-179,165	-174,999
Cash flows from financing activities:
Net increase/(decrease) in deposits
460,306	270,924	425,100	148,303	586,558	343,509	199,381	548,732	43,685	231,507	506,307
Net increase/(decrease) in securities sold under agreements to repurchase
16,470	4,759	-27,455	1,409	27,719	-71,857	-13,966	-14,472	-127,807	15,221	-50,464
Net increase/(decrease) in federal funds purchased
250,000	-220,000	50,000	-80,000	0	0	-	-	-	-	-
Net (decrease)/increase in short-term FHLB borrowings
-35,000	220,000	-40,000	310,000	40,000	10,000	-40,000	40,000	-10,000	10,000	-134,300
Advances of long-term Federal Home Loan Bank borrowings
340,000	116,444	50,110	134,779	123,636	55,000	120,000	35,000	119,313	177,040	30,777
Repayments of long-term Federal Home Loan Bank borrowings
444,315	169,981	130,634	171,898	72,462	62,104	120,867	188,706	163,168	166,370	86,937
Dividends paid to common shareholders
40,380	40,685	37,054	33,110	29,608	25,829	19,129	3,125	3,089	2,900	2,688
Repurchase of debt
-	-	-	-	-	-	35,536	33,749	6,988	0	76,939
Proceeds from issuance of Series D preferred stock, net
-	-	-	-	-	-	47,753	0	0	-	-
Repurchase of Series D preferred stock, including deemed dividend
0	50,000	0	0	-	-	69,827	0	0	-154,000	0
Repurchase of common stock
7,193	20,000	0	9,323	0	0	-	-	-	-	-
Dividends paid to preferred shareholders
0	1,738	3,475	3,475	3,475	3,475	2,660	290	290	3,099	7,862
Tax benefit/ (deficiency) from certain stock compensation awards
-	-	-	-620	-1,262	1,294	-663	-1,588	-1,706	-1,613	0
Proceeds from warrant exercises
0	372	3,003	0	0	-	-	-	-	-	-
Repurchase of Warrants
-	-	-	-	-	-	-	15,000	0	0	-
Proceeds from stock option exercises
562	1,661	882	1,725	1,206	1,807	2,332	738	205	474	341
Proceeds from issuance of common stock
2,413	1,866	1,601	1,579	-515	-353	1,230	1,215	1,244	34,077	769
Tax withholding for share based compensation awards
1,319	2,430	1,430	737	-	-	-	-	-	-	-
Distributions paid to noncontrolling interests
362	3,354	4,360	4,054	-4,611	-4,426	-3,416	-3,851	-2,149	-2,194	-
Other equity adjustments
-248	3,786	26	-82	-199	-1,669	238	-1,183	492	5,342	-6,982
Net cash provided by/ (used in) financing activities of continuing operations
-	-	-	-	-	241,897	64,870	363,721	-150,258	143,485	172,022
Net cash provided by/(used in) financing activities - discontinued operations
-	-	-	-	-	0	0	0	0	0	-76,106
Net cash provided by/(used in) financing activities
110,934	111,624	266,314	454,496	666,987	241,897	64,870	363,721	-150,258	143,485	95,916
Net increase/(decrease) in cash and cash equivalents
165,220	6,718	13,984	-132,137	66,085	-19,272	-116,863	105,390	-290,079	46,351	166,185
Supplemental disclosure of cash flow items:
Cash paid for interest
80,428	58,548	33,727	27,415	27,749	30,043	29,377	41,620	51,802	72,998	102,126
Cash paid for income taxes, (net of refunds received)
17,017	20,541	32,159	33,078	33,318	30,072	32,332	15,358	11,300	11,621	-76,089
Change in unrealized gain/(loss) on available-for-sale securities, net of tax
25,991	-9,077	4,497	-11,689	-1,488	3,740	-7,169	-1,471	3,236	-3,207	-1,785
Change in unrealized gain/(loss) on cash flow hedges, net of tax
-391	54	878	518	800	-160	1,206	137	-1,735	-3,021	-1,283
Non-cash transactions:
Change in unrealized gain/(loss) on other, net of tax
306	-296	-50	-123	115	80	358	136	-745	-4	-831
Transfer of net assets into held for sale
0	21	58,034	0	0	-	-	-	-	-	-
Available for sale investments transferred to other investments at fair value
-	-	-	-	-	-	-	-	750	0	0
Held to maturity investments transferred to available for sale or other investments at fair value
-	-	-	-	-	-	-	-	500	0	0
Loans transferred into/(out of) held for sale from/(to) portfolio
-	-	-	-	-	56,967	5,593	385,423	-526	18,360	-1,744
Loans charged off
1,229	899	863	3,949	2,036	5,296	5,417	17,185	-27,424	-66,739	-41,934
Loans transferred into OREO from portfolio
0	401	0	1,944	0	298	-372	2,689	11,118	19,863	28,418
Net present value of asset sold
0	52,981	0	-	-	-	-	-	-	-	-
Reversal of contingent consideration
-	-	-	-	2,026	0	0	-	-	-	-
Deposits transferred to held for sale
-	-	-	-	-	-	-	194,084	0	0	-
Equity issued for acquisitions, including deferred acquisition obligations
-	-	-	-	-	21,007	0	0	4,290	3,303	10,625