Cathay General Bancorp CATY Cash Flow

Cathay general bancorp (CATY)

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
279,135	271,885	176,042	175,099	161,109	137,830	123,735	118,043	100,755	12,175	-66,779
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses
-7,000	-4,500	-2,500	-15,650	-11,400	-10,800	-3,000	-9,000	27,000	156,900	307,000
Provision for losses on other real estate owned
681	0	691	176	547	1,619	-2,122	10,668	10,385	20,139	28,216
Deferred tax provision
-9,825	-2,343	-34,554	-15,949	-2,004	-31,304	15,114	-4,784	-13,808	38,504	37,115
Depreciation and amortization
6,756	7,314	7,265	7,490	7,574	7,868	11,347	5,939	6,079	4,619	7,695
Amortization of right-of-use asset
8,366	0	0	-	-	-	-	-	-	-	-
Change in operating lease liabilities
-7,157	0	0	-	-	-	-	-	-	-	-
Net (gains)/loss on sale and transfer of other real estate owned
212	1,187	2,661	546	2,012	4,065	1,793	369	5,243	9,977	-2,065
Net gains on sale of loans
804	0	0	285	786	395	879	633	3,354	149	4,761
Proceeds from sales of loans
75,257	8,000	7,500	20,079	32,530	19,287	42,573	59,589	46,377	7,481	-
Originations of loans held for sale
2,241	0	0	12,665	37,447	19,865	41,694	58,930	14,027	7,332	9,418
Loss on sales or disposal of fixed assets
-14	-107	0	-	-	-	-	-	-	-	-
Proceeds from sales of held-for sale loans
-	-	-	-	-	-	-	-	-88	-779	44,597
Decrease in unrealized loss from interest rate swaps
-	-	-	-	-	-	-	-2,634	-3,874	5,814	-
Write-downs on loans held for sale
-	-	-	-	-	-	-	-	-	3,160	-
Income associated with debt redemption
-	-	-	-	-	555	-	-	-	-	-
Amortization on alternative energy partnerships, venture capital and other investments
39,898	40,871	4,572	28,897	25,058	436	409	309	379	515	1,982
Write-downs on venture capital investments
-	-	-	-	-	-	-	309	379	515	1,982
Write-down on impaired securities
-	-	-	206	3,875	820	-	181	-	-	817
Write-down on impaired securities
-	-	-	206	3,875	-	-	-	200	492	817
Net gain on sales and calls of securities
211	22	1,006	5,104	526	7,568	27,362	18,025	21,131	19,253	56,461
Other non-cash interest income
0	-1,576	-1,740	-1,272	-332	-137	1,100	-200	-480	-794	7
Amortization/accretion of security premiums/discounts, net
-3,834	-3,018	-2,945	-6,371	-5,140	-2,849	-4,425	-5,306	-4,233	-6,667	-2,816
Unrealized loss/(gain) on equity securities
5,700	-2,800	0	-	-	-	-	-	-	-	-
Stock based and stock issued to officers and directors compensation expense
7,350	7,974	5,734	4,963	4,950	4,190	3,213	2,850	1,758	3,337	5,725
Excess tax short-fall from stock options
-	-	-	-	-5,348	-1,285	-2,509	-	-	-	-
Amortization of other intangible assets
-	-	-	-	-	-	-	5,798	5,965	6,034	6,703
Excess tax short-fall from share-based payment arrangements
-	-	-	-	-	-	-	-620	-290	-539	-196
Decrease in accrued interest receivable
-	-	-	-	-	-	-	-	-	-600	-7,621
Noncontrolling interest
-	-	-	-	-	-	-592	-605	-605	-610	-611
Net change in accrued interest receivable and other assets
-6,163	13,984	-25,747	-13,478	3,429	2,776	-23,291	-43,304	-2,622	-34,594	63,426
Gain from acquisition
0	340	5,628	-	0	-	-	-	-	-	-
Net change in other liabilities
21,061	13,848	-2,641	-2,784	-15,506	-11,256	-4,973	-2,256	3,746	-13,368	-30,461
Net cash provided by operating activities
434,979	336,538	248,874	234,402	176,697	150,071	115,073	164,576	174,050	168,505	146,408
Cash Flows from Investing Activities
Decrease in interest bearing deposits
0	-5,000	0	-	47,266	-32,260	104,955	117,027	88,634	-48,404	229,726
Decrease in securities purchased under agreements to resell
-	-	-	-	-	-	-	-	110,000	-110,000	201,000
Purchase of investment securities available-for-sale
770,206	497,787	607,574	941,327	295,497	885,782	350,130	517,513	571,093	3,366,780	1,573,823
Proceeds from sale of investment securities available-for-sale
293,849	99,899	111,704	294	385,234	160,451	575,358	60,951	524,958	65,139	51,679
Proceeds from sale of equity securities
2,829	0	0	-	-	-	-	-	-	-	-
Proceeds from repayments, maturities and calls of investment securities available-for-sale
296,700	447,800	562,595	460,000	165,000	585,776	180,088	552,099	435,000	2,876,414	1,428,468
Purchase of mortgage-backed securities available-for-sale
-	-	-	-	1,280,870	307,617	676,529	680,388	541,356	-	2,487,276
Proceeds from repayment and sale of mortgage-backed securities available-for-sale
-	-	-	758,271	749,219	768,236	669,658	619,169	868,023	1,351,018	2,760,904
Purchase of Federal Home Loan Bank stock
1,815	5,430	8,160	1,650	0	18,164	-	-	-10,884	-7,918	-
Purchase of investment securities held-to-maturity
-	-	-	-	-	-	-	-	-	150,164	99,858
Purchase of mortgage-backed securities held-to-maturity
-	-	-	-	-	-	-	-	480,083	165,527	536,262
Proceeds from maturity and call of investment securities held-to-maturity
-	-	-	-	-	-	50,973	376,981	163,855	108,067	1,057
Redemptions of Federal Home Loan Bank stock
975	11,265	13,482	1,650	13,535	12,379	16,272	11,717	-	-	-
Redemption of Federal Reserve Bank stock
0	0	-8,733	-	0	-	-	-	-	-	-
Net increase in loans
1,147,019	1,125,623	963,858	1,051,952	829,501	824,558	676,245	395,743	362,054	151,054	-177,690
Purchase of premises and equipment
7,133	6,670	3,188	3,523	3,518	4,777	6,182	3,108	2,888	4,979	12,222
Proceeds from sales of premises and equipment
0	0	5,598	12	602	0	-	-	-	-	-
Proceeds from sales of other real estate owned
2,822	3,820	18,357	7,699	12,154	29,880	19,411	47,866	61,406	91,154	52,902
Net increase in investment in affordable housing and alternative energy partnerships
52,697	66,574	40,284	82,966	53,235	-7,445	-9,525	-1,540	-968	-3,015	-14,116
Acquisitions, net of cash acquired
0	0	1,392	-	-6,572	0	-	-	-	-	-
Net cash used for investing activities
-1,381,674	-1,134,327	-903,987	-853,492	-1,177,571	-459,361	-311,806	-46,536	127,050	596,595	-279,583
Cash Flows from Financing Activities
Net increase in deposits
989,942	1,012,284	201,224	1,166,044	1,305,255	802,281	596,964	154,275	237,768	224,122	529,359
Net (decrease)/increase in time deposits
-	-	-	-	-	-	-	-	-	-736,549	138,945
Net decrease in federal funds purchased and securities sold under agreements to repurchase
0	-100,000	-250,000	-50,000	-50,000	-350,000	-450,000	-150,000	-161,000	4,000	-105,000
Advances from Federal Home Loan Bank
4,355,000	5,130,000	4,823,000	3,555,000	5,092,000	9,822,400	2,402,000	531,200	4,734,000	528,000	816,000
Repayment of Federal Home Loan Bank borrowings
4,215,000	5,030,000	4,773,000	3,480,000	5,242,000	9,918,600	2,027,000	610,000	5,059,000	907,362	1,336,000
Cash dividends paid
99,131	83,428	69,888	59,274	45,283	23,104	12,606	16,049	16,046	16,040	22,460
Redemption of Series B preferred stock
-	-	-	-	-	-	258,000	-	-	-	-
Redemption of noncontrolling interest
-	-	-	-	-	-	8,638	-	-	-	-
Repayment of subordinated debt
-	-	-	-	-	-	50,000	-	-	-	-
Issuance of common stock
-	-	-	-	-	-	-	-	-	124,928	119,448
Proceeds from other borrowings
-	-	-	-	0	-	-	-	-	1,253	7,212
Purchases of treasury stock
36,301	42,648	0	54,441	59,412	0	-	-	-	-	-
Proceeds from issuance of short-term borrowings
25,683	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt and other borrowings
0	0	75,000	-	-	-	-	-	-	-	-
Repayment of long-term debt and other borrowings
81,065	23,040	0	-	-	1,445	-	880	7,584	-	-
Proceeds from shares issued under Dividend Reinvestment Plan
3,400	2,822	2,528	2,277	4,175	2,848	605	291	287	310	1,160
Proceeds from exercise of stock options
0	838	1,100	7,661	5,014	128	14,755	764	1,306	-	13
Taxes paid related to net share settlement of RSUs
2,311	3,550	5,128	103	227	850	-	-	-	-	-
Excess tax short-fall from share-based payment arrangements
-	-	-	-	-5,348	-1,285	-2,509	-620	-290	-539	-196
Net cash provided by financing activities
940,183	863,278	4,830	1,087,164	1,004,174	332,373	205,571	-91,019	-270,559	-777,877	148,481
Decrease in cash, cash equivalents, and restricted cash
-6,512	65,489	-650,283	468,074	3,300	23,083	8,838	27,021	30,541	-12,777	15,306
Supplemental disclosure of cash flow information
Interest
182,527	116,524	81,069	81,793	72,870	78,366	84,848	112,411	142,644	197,762	255,243
Income taxes paid
61,548	65,866	76,709	38,671	69,074	60,225	55,521	36,083	53,148	13,369	25,247
Non-cash investing and financing activities:
Net change in unrealized holding loss on securities available-for-sale, net of tax
23,479	-7,949	485	3,886	-2,259	26,557	-30,194	9,197	-7,710	-147	-24,202
Net change in unrealized holding loss on cash flow hedge derivatives
-3,171	1,525	719	825	-598	-2,397	-	-	-	-	-
Transfers to short-term investments from trading securities
-	-	-	-	-	4,936	-	-	-	-	-
Transfers to investment securities available-for-sale at fair value from held-to-maturity
-	-	-	-	-	-	722,466	-	-	-	-
Adjustment to initially apply SFAS No. 160
-	-	-	-	-	-	-	-	-	-	8,500
Transfers to other real estate owned from loans held for investment
860	5,476	1,243	2,698	866	4,970	22,171	14,389	83,941	98,653	114,354
Loans transferred to loans held for sale
75,285	0	8,000	7,953	6,684	973	-	500	-	-	81,678
Transfers to other real estate owned from loans held for sale
-	-	-	-	-	-	-	-	2,874	21,473	-
Loans transferred from held for investment to held for sale, net
-	-	-	-	-	-	-	15,986	4,399	4,332	-
Loans to facilitate the sale of other real estate owned
0	0	10,500	2,616	0	413	75	1,785	7,472	12,204	21,272
Issuance of stock related to acquisition
0	0	34,862	-	82,857	0	-	-	-	-	-
Supplemental disclosure for acquisitions
Loans to facilitate the sale of loans
-	-	-	-	-	-	-	-	6,094	23,500	-
Business Acquired During the Period [Member]
Cash paid
0	0	285,324	-	-	-	-	-	-	-	-
Fair value of common stock issued
0	0	34,862	-	-	-	-	-	-	-	-
Total consideration paid
0	0	320,186	-	-	-	-	-	-	-	-