COMMERCE BANCSHARES, INC. CBSH Cash Flow

Commerce bancshares, inc. (CBSH)

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	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES:
Net income
49,603	107,278	110,080	108,299	97,055	110,760	114,069	111,324	102,061	94,983	74,226	78,989	71,702	72,374	69,150	69,808	65,522	64,425	65,213	75,323	62,014	63,742	69,021	65,900	64,121	65,825	68,445	66,039	60,808	66,603	66,786	71,236	66,814	63,047	66,009	69,617	60,950	62,225	56,021	59,459	44,170
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
57,953	15,206	10,963	11,806	12,463	12,256	9,999	10,043	10,396	12,654	10,704	10,758	11,128	10,400	7,263	9,216	9,439	9,186	8,364	6,757	4,420	4,664	7,652	7,555	9,660	5,543	4,146	7,379	3,285	8,326	5,581	5,215	8,165	12,143	11,395	12,188	15,789	21,647	21,844	22,187	34,322
Provision for depreciation and amortization
10,581	10,416	10,432	10,331	9,966	9,855	9,644	9,560	9,620	10,211	9,631	9,871	10,019	9,932	10,308	10,543	10,146	10,703	10,813	10,593	10,694	10,742	10,528	10,525	10,508	10,792	10,335	10,393	10,424	10,883	10,718	10,826	11,021	11,462	11,549	11,864	11,868	12,033	12,027	12,300	12,564
Amortization of investment security premiums, net
-10,362	-7,195	-7,611	-2,827	-9,998	-7,466	-7,079	-4,446	-7,233	-7,250	-10,346	-8,596	-9,231	-8,136	-7,343	-4,826	-11,188	-9,369	-5,452	-2,698	-15,099	-8,738	-6,150	-1,648	-6,675	-7,579	-5,613	-4,688	-12,539	-6,249	-13,127	-4,875	-11,987	-9,566	-6,993	300	-2,713	-4,800	-8,083	-3,289	-5,463
Investment securities (gains) losses, net
-13,301	-248	4,909	-110	-925	-7,129	4,306	-3,075	5,410	27,209	-3,037	1,651	-772	3,651	-1,965	-744	-995	-1,480	-378	2,143	6,035	3,650	2,995	-2,558	10,037	-1,342	650	-1,568	-2,165	-3,728	3,180	1,336	4,040	4,942	2,587	1,956	1,327	1,204	16	660	-3,665
Net gains on sales of loans held for sale
1,793	2,246	3,297	2,655	1,929	1,600	2,099	1,524	1,147	1,808	2,653	2,681	866	926	2,044	1,911	969	892	950	767	467	0	0	0	0	-	-	-	-	0	1	17	358	486	407	576	571	3,746	4,190	1,897	569
Origination of loans held for sale
33,351	57,184	79,486	61,852	46,454	54,378	60,214	45,117	44,066	53,512	65,609	62,227	34,716	47,701	44,888	46,871	24,009	27,610	25,446	32,337	17,806	0	0	0	0	-	-	-	-	-	-	-	-	11,764	12,600	12,842	15,789	27,719	27,738	516,366	-227,463
Proceeds from sales and repayments of held for sale
42,221	64,809	81,954	63,884	48,506	51,794	64,966	42,416	49,255	50,785	72,165	57,977	34,446	43,129	49,260	45,820	22,666	24,840	29,380	28,018	15,575	0	0	0	0	-	-	-	-	71	141	809	21,699	20,667	15,768	24,546	26,751	215,352	273,644	114,864	31,883
Net (increase) decrease in trading securities
16,107	-4,291	4,015	1,045	-4,632	9,391	-18,957	5,300	18,543	-351	-1,137	1,666	-7,763	3,482	3,922	-5,041	-76,143	81,003	3,732	-3,051	4,361	-1,450	2,290	-248	-16,597	14,619	-8,512	2,144	-9,609	15,099	-9,460	-7,294	11,300	-5,295	2,567	2,383	-2,009	-14,973	13,780	3,018	-897
Stock-based compensation
3,729	3,489	3,486	3,399	3,480	3,286	3,161	3,104	3,290	2,956	2,954	3,060	3,135	2,624	2,614	2,876	3,411	2,445	2,450	2,512	2,740	2,198	2,163	2,207	2,261	1,822	1,857	1,525	1,223	1,296	1,150	1,148	1,407	1,117	1,242	1,116	1,256	1,352	1,283	1,546	1,840
(Increase) decrease in interest receivable
1,681	-3,087	647	-2,444	1,568	-763	3,304	2,461	-744	702	3,329	-258	686	3,311	391	-533	473	2,340	2,034	-170	788	-30	2,319	-1,525	1,421	-540	-2,578	-121	5	1,579	-233	-670	-3,825	933	-18	-150	1,245	-10,387	-2,166	475	37
Increase (decrease) in interest payable
-2,161	-352	1,517	1,713	2,708	1,448	1,290	131	-732	261	469	-731	39	838	212	-223	280	432	105	-228	27	47	-266	-36	25	-250	-1,081	-484	246	-205	-882	-299	114	-205	-1,707	-2,755	69	-2,830	-2,803	-1,708	-2,121
Increase (decrease) in income taxes payable
7,992	-9,065	-60	3,111	20,479	-17,819	4,386	3,645	22,076	-27,886	-1,282	-19,673	21,156	2,722	1,714	-26,060	26,133	-4,579	-1,310	-7,282	24,904	-4,536	-9,839	-15,691	30,410	-8,846	13,902	-33,613	26,894	-7,824	-7,570	-21,497	23,496	-344	9,269	-21,458	27,052	6,228	-11,112	-10,927	18,525
Net tax benefit related to equity compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	209	805	857	393	366	291	800	549	245	28	181	861	489	95	649	40	70	1,672	-717	2,352	-148	-206	-820
Other changes, net
60,881	14,435	8,029	32,819	18,080	20,956	4,994	-10,746	-9,212	21,770	-15,450	12,091	-5,152	-17,142	14,817	6,433	3,352	3,392	3,207	-12,484	9,642	7,285	662	-11,229	6,524	5,408	-7,460	-14,390	28,936	-692	3,101	-4,419	12,036	5,483	-13,923	-15,926	26,838	32,186	4,143	-61,966	22,869
Net cash provided by (used in) operating activities
79,768	135,460	125,600	109,553	142,181	105,949	158,634	144,088	143,989	92,217	127,246	68,789	138,275	106,167	83,767	67,909	197,120	12,367	85,267	98,044	95,517	75,207	76,777	87,377	121,475	72,972	120,872	69,834	98,071	88,514	91,973	83,248	120,145	96,264	116,228	92,899	101,970	265,309	311,138	149,468	-54,738
INVESTING ACTIVITIES:
Proceeds from sales of investment securities (A)
2	33,562	4,179	224,706	150,756	515,817	525	43,870	148,652	423,344	362,484	6,454	98	16,434	5,875	1,977	94	4,138	1,691	497,470	185,732	401	142	32,233	31,666	9,675	2,528	4,044	52	1,944	815	7,130	6,986	8,134	497	0	11,202	962	13,591	44,096	19,991
Proceeds from maturities/pay downs of investment securities (A)
641,950	550,691	396,330	358,399	252,824	287,987	410,028	454,280	358,690	514,647	474,582	427,321	483,090	372,619	550,071	567,648	542,059	591,328	599,864	714,777	609,144	521,683	464,347	471,119	456,956	494,846	569,040	803,967	674,270	739,581	862,021	835,684	643,378	593,703	568,217	790,628	610,003	658,321	695,869	579,106	375,027
Purchases of investment securities
569,079	556,573	334,333	539,629	432,645	570,098	771,528	450,153	298,554	781,035	446,851	143,289	482,642	908,098	665,849	233,380	180,774	1,034,734	796,826	585,008	1,125,969	1,183,842	117,292	568,719	628,237	888,388	213,385	375,238	934,142	1,146,597	558,826	918,783	558,651	1,591,018	1,116,944	1,008,069	801,432	947,122	1,229,949	735,030	305,499
Net (increase) decrease in loans
346,910	290,452	213,809	151,387	-7,758	197,085	11,566	70,860	-78,838	250,084	130,360	65,220	169,185	191,637	124,364	372,535	320,987	223,098	304,657	217,103	260,799	33,362	6,761	245,731	275,036	142,008	240,280	396,848	159,087	203,565	270,812	137,158	81,658	120,004	-149,060	-122,657	-17,270	-280,550	-6,940	-77,304	-279,520
Repayments of long-term securities purchased under agreements to resell
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200,000	0	150,000	100,000	0	75,000	0	50,000	700,000	-125,000	0	0	0	0	0	-100,000	-	-	-	0
Proceeds from Securities Purchased under Agreements to Resell
-	-	-	-	-	-	-	-	-	-	-	-	-	250,000	100,000	0	50,000	100,000	75,000	0	0	50,000	50,000	150,000	300,000	0	125,000	0	50,000	350,000	-125,000	0	0	0	0	-150,000	-350,000	-	-	-	0
Purchases of land, buildings and equipment
7,574	13,134	9,152	9,006	11,283	11,936	7,833	8,543	4,982	7,971	8,736	8,661	5,456	5,999	4,830	6,260	7,389	9,179	7,195	6,948	8,575	9,453	19,622	10,629	3,954	5,110	8,018	4,846	5,867	15,726	7,540	6,310	5,393	5,197	5,002	5,314	5,819	5,367	3,766	6,613	2,782
Sales of land, buildings and equipment
17	4	552	209	1,268	11,085	675	949	718	620	43	1,810	717	4,281	432	4,879	520	793	1,322	3,427	3	2,253	909	2,069	5	2,769	8	311	404	305	595	1,042	701	305	577	25	1,686	3	17	12	365
Net cash provided by (used in) investing activities
-281,594	-275,902	-306,233	-116,708	-31,322	35,770	-379,699	-30,457	283,362	-100,479	176,162	318,415	-173,378	-712,400	-138,665	-37,671	83,523	-570,752	-430,801	406,615	-600,464	-852,320	327,896	-319,658	-218,600	-528,216	207,536	31,390	-424,370	-974,058	26,253	-218,395	5,363	-1,114,077	-403,595	-250,073	-417,090	-112,653	-867,298	-41,125	366,622
FINANCING ACTIVITIES:
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits
181,625	315,667	850,540	-460,180	-620,589	237,646	-150,146	-82,208	54,986	-2,546	-90,052	28,093	49,469	502,351	319,480	-460,271	421,286	865,000	-354,140	-184,550	218,837	752,703	-197,704	-139,865	-132,858	1,370,553	293,994	-724,917	-138,419	1,222,891	218,553	420,490	-84,876	890,859	384,419	371,541	334,382	897,487	107,475	304,306	-8,713
Net increase (decrease) in certificates of deposit
-233,664	-61,208	-32,701	225,638	218,161	-13,836	-11,011	-73,934	-9,961	-49,582	-267,095	-331,419	174,052	228,689	-252,829	-150,838	418,177	6,082	-41,542	-101,970	12,921	-40,661	-269,997	84,840	167,862	-163,462	-199,819	-29,680	310,948	221,797	-202,160	-312,926	35,703	-105,258	-88,176	-224,963	162,628	-182,379	-261,529	263,370	-289,019
Repayment of long-term securities sold under agreements to repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-200,000	0	-150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term securities sold under agreements to repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in federal funds purchased and securities sold under agreements to repurchase
-422,759	209,498	-753,020	671,543	-233,638	94,272	695,358	34,430	-374,809	98,154	152,540	-64,705	-402,756	234,014	-142,381	674,884	-1,006,164	-229,645	527,154	55,580	-252,055	467,358	440,837	227,171	-269,406	-413,835	189,699	493,836	43,308	-174,399	-47,796	182,757	-133,093	198,353	-224,742	359,456	-59,813	-547,728	624,199	7,583	-104,418
Increase (decrease) in other borrowings
754,043	-242,340	252,928	2,542	-6,736	-6,944	-7,682	152	7,530	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term borrowings
0	-	55	54	54	-	75	75	74	-	72	72	74	-	3,032	828	12	13	12	11	204	3,019	19	18	196	617	18	16	927	34	7,548	228	297	52	52	51	301	225,589	26,135	367,510	4,555
Proceeds from Short-term Debt
-	-	-	-	-	-	-	-	-	-	722	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of treasury stock
53,145	14,934	33,891	46,380	39,699	35,656	20,506	2,002	17,067	6,451	692	3,344	7,284	905	1,014	1,030	36,432	14,029	5,572	1,857	1,718	1,934	-139,949	188,089	20,900	158	23,903	15,299	29,993	29,373	3,884	40,052	31,600	43	82,770	14,030	4,311	39,937	104	65	878
Issuance of stock under equity compensation plans
26	5	0	-1	4	0	1	3	6	1	0	1	6	-	-	-	0	0	24	25	1,865	1,449	1,962	1,156	4,085	1,272	1,595	3,953	2,606	5,054	2,981	831	5,954	1,289	697	2,478	10,885	4,645	994	1,630	4,041
Net tax benefit related to equity compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	209	805	857	393	366	291	800	549	245	28	181	861	489	95	649	40	70	238	717	4	148	206	820
Cash dividends paid on common stock
30,292	27,933	27,993	28,682	28,858	24,977	25,059	25,096	25,106	22,897	22,906	22,903	22,913	21,776	21,772	21,762	21,760	20,920	20,936	21,353	21,752	20,666	20,654	21,331	21,590	20,568	20,670	20,431	20,435	150,789	20,165	39,580	1,074	19,504	19,526	20,056	20,054	19,395	19,621	19,615	19,600
Cash dividends paid on preferred stock
2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	2,250	1,800	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
193,532	163,870	103,558	362,178	-713,667	262,367	478,628	-150,986	-366,757	-86,368	-229,805	-396,601	-211,762	940,754	-103,230	38,803	-227,155	602,354	102,935	-355,581	-43,499	1,155,373	-247,092	48,971	-424,203	775,734	191,123	-292,526	167,269	1,096,008	-59,530	211,387	-208,634	965,684	-30,088	474,621	424,133	-112,893	325,428	189,905	-422,322
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease)
-8,294	23,428	-77,075	355,023	-602,808	404,086	257,563	-37,355	60,594	-94,630	73,603	-9,397	-246,865	334,521	-158,128	69,041	53,488	43,969	-242,599	149,078	-548,446	378,260	157,581	-183,310	-521,328	320,490	519,531	-191,302	-159,030	210,464	58,696	76,240	-83,126	-52,129	-317,455	317,447	109,013	39,763	-230,732	298,248	-110,438
Supplemental Cash Flow Information:
Income tax payments, net
1,170	22,007	28,119	24,692	1,350	38,050	21,153	24,822	147	33,295	32,828	51,771	2,850	31,065	28,645	57,228	2,658	24,481	28,783	39,124	2,953	34,170	40,848	45,961	-807	30,005	18,878	63,422	2,031	14,991	39,376	55,528	9,271	29,858	22,134	54,206	455	25,472	36,956	38,351	-169
Interest paid on deposits and borrowings
22,581	24,358	26,714	25,066	21,668	19,165	15,706	14,533	13,835	11,303	11,184	11,518	9,685	7,458	7,906	8,459	8,073	6,823	6,973	7,147	6,817	6,940	7,336	7,073	6,869	7,476	8,519	8,281	8,156	9,137	10,265	9,818	10,115	11,671	13,912	16,132	14,784	19,589	22,282	23,657	27,480
Loans transferred to foreclosed real estate
57	23	0	504	54	239	268	16	1,028	897	705	327	134	91	170	390	471	1,319	326	1,651	482	653	652	2,933	836	2,003	1,212	1,607	3,925	989	1,690	4,177	1,311	2,327	2,287	2,097	16,246	5,300	2,158	1,540	7,442
Transfer of Portfolio Loans and Leases to Held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-7,672	0	50,360	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-