CASS INFORMATION SYSTEMS, INC. CASS Cash Flow

Cass information systems, inc. (CASS)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows From Operating Activities:
Net income
7,545	6,371	8,186	7,684	8,163	7,057	7,610	7,509	8,092	5,331	6,863	6,513	6,307	6,424	6,222	5,869	5,833	6,089	5,880	5,548	5,539	5,786	6,401	6,035	5,811	5,254	6,138	6,073	6,032	5,341	6,092	5,962	5,908	5,491	6,060	5,739	5,719
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
2,790	2,836	2,737	2,667	2,699	2,714	2,702	2,804	3,018	2,980	2,890	2,767	2,704	2,465	2,351	2,306	2,307	2,383	2,262	2,133	2,081	2,145	1,985	2,074	1,977	2,175	1,896	1,447	1,828	1,976	1,828	1,597	1,515	1,233	1,067	1,137	1,091
Gains on sales of securities
1,069	0	0	8	11	0	0	-55	13	-	0	0	0	0	0	79	308	0	1,271	690	949	0	23	0	0	21	866	1,684	1,453	234	267	1,168	966	-5	0	48	0
Stock-based compensation expense
722	858	869	560	857	768	761	839	638	681	561	560	537	488	486	486	499	516	512	514	517	505	505	512	519	540	517	497	421	349	348	351	351	348	343	350	350
Provision for loan losses
325	0	0	0	250	-	-	-	-	-	-	-	0	-500	0	0	-1,000	-850	0	0	0	-	-	-	-	0	0	300	200	1,600	0	600	200	300	550	850	450
Increase in income tax liability
1,512	-454	-330	-2,771	1,717	2,973	-864	285	1,352	-3,577	-197	281	467	-616	-352	947	378	-1,466	1,797	-315	31	-317	-630	558	365	66	-2,139	572	537	-121	304	-880	1,770	-723	766	-2,103	1,868
Increase in pension liability
1,079	-5,804	1,298	1,295	1,295	953	1,225	1,232	1,231	4,532	1,166	1,155	1,155	1,035	1,092	1,005	1,005	924	1,207	1,209	1,210	572	1,354	-231	587	1,081	488	628	625	-2,782	421	74	129	-7,103	55	171	60
Increase in accounts receivable
105	-1,387	-952	866	485	-682	-554	2,937	-6,410	1,019	4,430	862	-1,655	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating activities, net
5,361	-4,089	-311	1,377	1,950	-2,087	1,712	-2,850	-2,569	-1,971	-385	5,433	-7,204	166	1,943	40	-1,552	-88	-2,356	627	1,475	-1,532	111	874	-479	-1,218	354	2,326	-3,785	3,175	-382	360	903	919	-451	-188	-808
Net cash provided by operating activities
18,160	2,352	13,401	9,938	16,435	9,539	13,700	6,937	18,159	10,954	6,468	15,847	5,621	9,574	7,863	10,590	7,162	7,688	8,786	7,115	9,904	6,398	9,843	9,822	8,780	6,999	7,323	10,159	4,405	10,333	8,289	6,896	9,810	2,614	8,390	5,908	8,730
Cash Flows From Investing Activities:
Proceeds from sales of securities available-for-sale
19,629	0	0	3,547	1,101	0	0	48,977	9,543	-	0	0	0	0	0	2,452	19,039	0	33,395	20,754	45,198	-	-	-	-	1,076	31,006	35,639	28,021	36,513	3,485	15,090	14,659	525	0	4,904	501
Proceeds from maturities of securities available-for-sale
14,148	3,501	7,840	5,337	4,824	12,075	8,667	6,344	11,030	10,300	8,162	8,071	17,623	13,554	10,361	8,744	10,865	7,070	9,930	13,650	7,810	9,550	500	4,210	4,080	7,435	3,879	2,788	4,015	4,978	980	2,990	2,950	8,325	2,505	2,295	5,385
Purchase of securities available-for-sale
-	-	-	-	-	3,250	18,664	43,356	16,752	27,304	35,194	9,680	52,599	38,653	29,584	2,951	25,102	19,265	56,750	65,967	19,297	26,752	13,940	4,408	8,954	20,737	67,584	16,030	0	17,942	47,662	30,552	18,490	41,794	7,632	3,315	9,027
Net increase in loans
82,134	5,207	-23,171	39,223	29,711	-4,657	11,373	12,856	15,764	28,138	-13,599	-3,702	10,498	-20,010	-13,261	13,482	25,560	-12,390	-4,305	-8,374	14,187	-8,270	11,872	593	12,759	17,125	-35,097	-10,088	-6,318	8,123	-11,936	3,979	18,999	-20,464	-25,633	9,163	953
Increase in payments in excess of funding
2,687	-2,067	33,877	11,395	2,176	-303	7,244	-3,721	18,454	19,301	8,367	-10,340	16,428	-5,987	-5,866	6,535	5,139	-3,333	-11,651	-5,062	5,345	-20,982	16,932	23,605	23,022	-10,389	14,066	4,554	5,897	-10,509	4,890	3,516	4,247	-2,453	6,828	15,463	7,931
Purchases of premises and equipment, net
331	846	675	556	646	443	1,156	1,413	1,387	1,347	845	1,048	887	1,135	918	1,549	1,082	1,427	936	1,760	1,624	1,615	1,728	2,041	907	1,457	1,116	570	1,714	1,901	430	600	168	160	622	678	465
Asset acquisition of Gateway Giving, LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,798	0	0	0	0
Net cash used in investing activities
-51,375	-318	-6,541	-42,290	-26,608	13,342	-29,770	1,417	-31,784	-65,790	-22,645	11,385	-62,789	-237	-1,014	-13,321	-26,979	2,101	1,595	-19,887	12,555	10,435	-43,385	-26,437	-41,562	-20,419	-12,784	27,361	30,743	24,034	-36,581	-20,567	-32,093	-10,187	13,056	-21,420	-12,490
Cash Flows From Financing Activities:
Net decrease in noninterest-bearing demand deposits
-62,865	40,396	51,613	-12,096	-42,080	42,863	5,039	7,441	-23,626	70,128	9,471	6,082	-18,796	12,272	6,748	11,355	2,458	8,886	10,922	1,460	1,556	19,601	-8,266	-11,723	15,546	-3,409	11,344	2,622	-10,859	3,466	8,116	7,061	-6,456	5,976	-8,153	7,754	13,282
Net increase (decrease) in interest-bearing demand and savings deposits
31,761	9,352	21,573	-5,963	-26,095	28,150	4,600	-25,439	-15,149	-968	-5,427	23,917	-24,994	-13,585	-10,280	16,471	-44,046	64,590	15,460	-55,900	-614	16,888	44,031	-2,383	-18,770	31,096	11,068	3,611	-13,130	28,096	21,309	-13,592	-14,130	5,152	37,776	2,198	-8,170
Net increase in time deposits
575	-3,845	1,418	-744	1,681	16,188	-651	4,491	-69	-302	147	-3,316	185	-739	-3,449	-2,677	949	-4,464	-4,320	-5,228	-4,063	-3,654	-1,912	-15,586	1,931	-6,028	-2,584	-1,570	-3,373	-16,188	7,846	1,678	-11,866	-12,552	-1,543	-13,888	1,946
Net increase in accounts and drafts payable
-51,639	35,372	38,261	-56,141	-39,892	8,254	-64,387	64,363	-27,825	64,547	42,170	-106,180	19,064	170,531	-31,774	-114,263	40,534	-108,367	-40,698	-27,706	98,602	213,209	-59,829	-31,163	-10,742	63,162	41,339	-63,542	-19,767	-18,697	-56,125	-17,829	20,211	246,226	-82,633	-86,451	1,952
Net decrease in short-term borrowings
18,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
3,918	3,917	3,769	3,772	3,776	3,835	3,198	3,196	2,948	2,950	2,574	2,576	2,575	2,573	2,459	2,463	2,484	2,494	2,391	2,400	2,412	2,420	2,305	2,306	2,306	2,303	2,072	2,069	2,066	2,063	1,767	1,766	1,765	1,760	1,508	1,506	1,505
Distribution of stock awards, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	502	170	208	-	193	-7	135	-	0	136	113
Purchase of common shares for treasury
5,508	0	0	2,098	5,701	7,429	1	879	529	0	2,270	0	0	-2	0	5,445	3,772	1,525	3,298	2,770	3,358	937	911	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities, net
-1,229	-632	-209	43	-327	-488	-262	212	-407	285	38	-29	-761	-599	-213	14	-580	279	19	0	-786	-379	15	12	-462	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-7,545	-20,818	32,365	31,511	-36,406	28,005	69,914	-81,733	-14,903	40,848	-42,785	130,258	-66,005	-45,697	22,121	131,518	-88,009	17,301	57,090	-37,132	-108,279	38,840	90,481	-823	6,681	-1,625	-24,085	65,966	-9,869	-113,085	91,436	11,217	-54,563	-91,248	109,205	80,987	3,488
Net decrease in cash and cash equivalents
-40,760	-18,784	39,225	-841	-46,579	50,886	53,844	-73,379	-28,528	-13,988	-58,962	157,490	-123,173	-36,360	28,970	128,787	-107,826	27,090	67,471	-49,904	-85,820	55,673	56,939	-17,438	-26,101	-15,045	-29,546	103,486	25,279	-78,718	63,144	-2,454	-76,846	-98,821	130,651	65,475	-272
Supplemental information:
Cash paid for interest
964	1,350	1,335	1,272	1,224	1,242	1,000	792	667	658	564	480	476	500	508	508	501	-1,180	2,199	532	582	620	768	485	618	-1,473	2,930	729	669	795	777	782	842	1,038	1,044	1,156	1,186
Cash paid for income taxes
142	956	2,103	4,537	8	2,947	2,331	1,182	263	1,919	2,606	1,954	1,198	1,933	2,341	1,116	1,671	3,689	867	1,692	1,942	3,224	2,515	1,414	1,323	2,407	2,867	1,546	1,445	1,441	1,593	3,080	293	76	2,076	3,770	365