Cass information systems, inc. (CASS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows From Operating Activities:
Net income

30,404

30,268

25,014

24,348

23,056

24,033

23,497

23,303

23,009

20,310

16,129

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

10,939

11,238

11,341

9,429

8,859

8,181

7,346

6,916

4,528

4,026

4,039

Gains on sales of securities

19

-42

-

387

2,910

23

4,024

2,635

43

0

697

Stock-based compensation expense

3,144

3,006

2,339

1,959

2,059

2,041

1,975

1,399

1,391

1,472

1,881

Provision for loan losses

250

-

-

-1,500

-850

0

500

2,400

2,150

4,100

2,050

Deferred income tax expense (benefit)

1,247

-3,521

3,997

319

-137

-621

57

974

2,145

1,268

-650

Increase in income tax liability

-1,838

3,746

-3,026

357

47

-24

-964

1,073

-192

-487

-869

Increase in pension liability

-1,916

4,641

8,008

4,137

4,550

2,282

2,822

-2,158

-6,817

-4,259

-398

Increase in accounts receivable

-988

-4,709

4,656

4,070

839

-

-

-

-

-

-

Other operating activities, net

-1,073

-5,794

-4,127

597

-342

-1,026

-2,323

4,056

-528

-2,654

-282

FDIC insurance prepayment

-

-

-

-

-

-

-

-

-

-

-2,124

Net cash provided by operating activities

42,126

48,335

38,890

35,189

33,493

34,843

28,886

35,328

25,642

23,776

19,079

Cash Flows From Investing Activities:
Proceeds from sales of securities available-for-sale

4,648

58,520

-

21,491

99,347

587

95,742

69,747

5,930

0

21,906

Proceeds from maturities of securities available-for-sale

21,502

38,116

44,156

43,524

38,460

18,340

18,117

11,898

18,510

4,770

5,655

Purchase of securities available-for-sale

-

82,022

124,777

96,290

161,279

54,054

104,351

114,646

61,768

49,944

51,160

Net increase in loans

50,970

35,336

21,335

5,771

-10,882

16,954

-34,378

19,165

-35,981

67,169

50,198

Increase in payments in excess of funding

45,381

21,674

33,756

-179

-14,701

42,577

14,128

2,144

27,769

10,972

772

Purchases of premises and equipment, net

2,723

4,399

4,127

4,684

5,747

6,291

4,857

3,099

1,925

1,190

1,077

Asset acquisition of Gateway Giving, LLC

2,833

-

-

-

-

-

-

7,798

0

0

-

Net cash used in investing activities

-75,757

-46,795

-139,839

-41,551

-3,636

-100,949

24,901

-65,207

-31,041

-124,505

-75,646

Cash Flows From Financing Activities:
Net decrease in noninterest-bearing demand deposits

37,833

31,717

66,885

32,833

22,824

15,158

-302

12,187

18,859

-54

9,851

Net increase (decrease) in interest-bearing demand and savings deposits

-1,133

-7,838

-7,472

-51,440

23,536

39,766

32,645

21,683

36,956

39,392

104,390

Net increase in time deposits

-1,490

19,959

-3,286

-5,916

-18,075

-19,221

-13,555

-18,530

-26,037

41,376

46,094

Net increase in short-term borrowings

18,000

-

-

-

-

-

-

-

-

-

-

Net increase in accounts and drafts payable

-22,400

-19,595

19,601

65,028

-78,169

111,475

21,192

-72,440

79,094

-85,856

48,774

Cash dividends paid

15,234

13,177

10,675

9,979

9,697

9,337

8,510

7,361

6,279

5,448

4,925

Purchase of common shares for treasury

7,799

8,838

2,270

9,215

10,951

1,848

0

0

-

467

0

Other financing activities, net

-1,125

-945

-467

-1,378

-488

-814

-1,083

-534

-161

-291

-260

Net cash used in financing activities

6,652

1,283

62,316

19,933

-71,020

135,179

30,387

-64,995

102,432

160,364

106,376

Net decrease in cash and cash equivalents

-26,979

2,823

-38,633

13,571

-41,163

69,073

84,174

-94,874

97,033

59,635

49,809

Supplemental information:
Cash paid for interest

5,181

3,701

2,178

2,017

2,133

2,491

2,855

3,196

4,424

4,893

5,128

Cash paid for income taxes

7,604

6,723

7,677

7,061

8,190

8,476

8,265

6,407

6,287

7,934

5,677