Cullen/Frost Bankers, Inc. CFR Cash Flow

Cullen/frost bankers, inc. (CFR)

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
54,753	103,681	111,836	111,586	116,496	119,253	117,844	111,341	106,480	100,524	93,131	85,553	84,941	83,719	80,219	71,507	68,816	58,238	75,850	73,077	72,163	72,704	77,381	66,704	61,188	62,571	60,444	59,663	55,188	60,188	58,669	58,062	61,033	55,414	54,507	55,686	51,928	53,051	54,995	52,900	47,818
Adjustments to reconcile net income to net cash from operating activities:
Credit loss expense
175,197	8,355	8,001	6,400	11,003	3,767	2,650	8,251	6,945	8,102	10,980	8,426	7,952	8,939	5,045	9,189	28,500	34,000	6,810	2,873	8,162	4,400	390	4,924	6,600	5,899	5,108	3,575	6,000	4,125	2,500	2,355	1,100	0	9,010	8,985	9,450	11,290	10,100	8,650	13,571
Deferred tax expense (benefit)
-26,089	9,239	-950	369	-1,044	13,725	16,312	12,475	10,411	-4,988	-5,332	128	-4,301	31	-1,996	-5,238	-4,395	-6,825	-4,830	-3,656	-3,748	3,188	-2,784	-2,601	-1,933	3,008	2,010	379	-2,118	-1,385	-1,043	-1,438	-2,539	8,304	-382	384	-139	5,522	528	-1,013	-393
Accretion of loan discounts
4,060	3,833	4,039	3,568	3,757	3,871	3,566	3,526	3,378	4,495	4,164	3,490	3,913	3,689	3,708	4,458	3,727	3,902	3,594	3,380	3,571	4,006	3,191	3,867	3,503	3,231	3,633	2,890	2,900	2,567	2,658	8,625	-2,962	22,839	-4,092	-3,407	-2,366	-3,447	-2,607	-2,595	-2,687
Securities premium amortization (discount accretion), net
-31,760	-30,595	-28,237	-28,030	-28,696	-26,780	-24,812	-24,676	-24,260	-23,478	-22,803	-22,014	-21,638	-20,634	-20,265	-19,081	-19,725	-19,439	-18,835	-18,203	-17,308	-17,303	-15,606	-14,549	-13,810	-11,867	-11,930	-9,414	-8,710	-6,749	-5,730	-4,683	-4,539	-3,851	-2,685	-2,537	-2,368	-2,091	-1,800	-1,677	-2,497
Net (gain) loss on securities transactions
108,989	28	96	169	0	-43	-34	-60	-19	-24	-4,867	-50	0	109	-37	0	14,903	-107	-52	0	228	3	33	2	0	1,179	-14	6	5	4,435	0	370	-491	0	6,409	0	5	0	0	1	5
Depreciation and amortization
15,518	14,909	13,477	12,953	12,752	12,720	12,871	12,451	12,130	11,993	11,764	11,934	12,121	12,465	11,889	11,911	11,912	11,207	10,756	10,141	10,034	10,278	10,159	9,732	9,702	9,636	9,754	9,617	9,464	9,402	9,432	9,445	9,497	9,546	9,582	9,309	9,191	9,659	9,674	9,285	8,970
Net (gain) loss on sale/write-down of assets/foreclosed assets
-397	-304	881	698	4,437	-850	669	1,471	3,982	2,652	662	850	533	3,245	-223	-36	632	979	-59	66	779	102	76	-792	-147	-277	65	319	-3,342	-421	-1,584	-2,121	-477	-437	-1,937	-706	-1,597	-1,434	-1,274	-1,357	-1,864
Stock-based compensation
2,512	5,253	2,675	4,364	3,654	4,387	2,796	3,585	3,175	4,000	2,722	3,188	3,103	3,801	2,521	2,995	2,482	5,058	2,342	2,775	2,562	5,565	2,242	2,560	2,136	4,653	2,325	2,643	2,342	4,894	2,544	2,843	2,555	5,947	2,433	3,846	3,737	4,445	3,422	3,410	3,648
Tax deficiency from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-1	-	12	3	9	3	52	-117	-331	-20	-45	-72	-418	-17	0	-24	-65	-115	-7	73	-215
Net tax benefit from stock-based compensation
-336	-845	-471	-415	-716	-487	-218	-949	-2,211	-3,218	-265	-2,064	-3,515	-3,453	-1,545	-28	-37	-554	-1,633	678	75	-5,464	610	317	1,335	436	1,875	253	122	61	34	35	41	29	26	213	154	70	194	160	259
Earnings on life insurance policies
922	939	914	932	898	870	847	843	820	823	802	782	783	921	933	878	867	896	875	928	886	908	897	731	682	704	700	806	893	996	968	1,006	1,068	1,068	1,016	973	988	1,164	1,179	1,078	1,096
Net change in:
Trading account securities
12,819	-2,920	2,064	2,650	-1,582	1,564	-1,169	3,589	-1,326	824	-4,102	6,032	1,088	542	-241	-621	444	335	606	-24	236	-262	199	0	-909	99	-1,488	-5,887	-7,410	15,251	-1,740	-283	3,237	-2,214	1,306	-6,229	5,645	167	-899	-778	485
Lease right-of-use assets
5,620	5,506	5,451	4,334	4,833	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Student loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-18,492	-5,537
Accrued interest receivable and other assets
81,100	53,178	-55,715	50,741	-32,634	66,851	-23,912	66,514	-23,555	65,674	-30,611	75,821	-55,705	18,529	-37,929	56,213	-29,418	55,335	-107,271	28,470	36,504	29,667	8,751	49,576	-14,633	19,552	-54,017	51,921	-9,460	4,944	-29,859	18,508	-41,769	57,090	-9,843	-4,124	-27,621	-72,294	-18,995	31,947	-10,488
Accrued interest payable and other liabilities
196,814	-74,735	76,362	36,090	-56,098	-6,636	8,631	-54,552	28,376	110,752	-3,303	12,425	-48,702	-3,139	1,858	1,128	-5,792	-24,230	28,750	-8,388	-9,423	30,561	-14,623	-14,541	-29,098	593	-7,312	-22,951	-140,719	-25,344	-5,542	9,883	-9,286	-9,371	16,903	7,245	-25,293	-12,996	27,219	12,773	-4,067
Net cash from operating activities
248,928	48,894	293,281	145,783	146,132	102,220	206,167	43,293	210,708	182,635	166,982	58,807	129,655	102,868	155,135	49,709	130,130	36,101	242,456	61,525	54,778	115,015	74,626	27,629	72,583	73,306	133,557	11,915	-45,172	30,776	101,768	65,545	101,910	15,029	93,669	94,434	71,237	141,827	124,919	72,601	85,186
Investing Activities:
Securities held-to-maturity - Purchases
1,500	649,326	0	0	0	0	0	0	1,500	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	36,464	87,275	133,832	-	-	-	-	0	16,496	9,141	57,547	-	-	-	-
Securities held to maturity: Sales
-	-	-	-	-	-	-	-	-	-	0	0	0	1,109	0	0	135,610	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities held to maturity: Maturities, calls and principal repayments
41,526	12,489	9,196	36,656	23,421	292	117,200	3,991	179,149	2,614	145,688	35,417	599,457	881	63,073	15,180	149,507	1,877	103,968	8,127	95,453	1,064	109,188	1,158	42,113	1,330	3,838	1,590	8,133	1,334	277	174	315	201	163	145	156	167	188	163	190
Securities available for sale:
Purchases
687,759	13,490,758	5,260,488	3,029,169	1,526,279	3,207,415	3,529,980	8,207,739	3,245,923	4,390,735	312,912	8,359,541	466,004	6,340,531	8,565,039	700,308	813,955	8,304,406	4,912,481	158,521	772,500	10,685,071	5,495,524	2,685,924	617,914	2,049,804	217,634	4,412,615	4,498,091	843,397	423,815	6,076,538	10,984,308	2,557,198	12	10	6,195,353	190,075	607,518	3,328,180	7,068,993
Sales
1,111,102	10,424,081	4,944,537	2,346,626	944,903	2,967,496	2,948,178	7,905,521	2,984,867	2,969,396	746,524	8,247,439	0	5,807,135	7,980,049	0	1,060,196	7,961,980	4,497,202	0	223,987	8,499,305	3,649,954	2,028	0	1,558,999	1,474	3,997,485	4,498,102	600,002	0	6,002,402	9,985,078	0	39,005	845	5,547,541	0	0	2,999,251	6,998,743
Maturities, calls and principal repayments
581,882	3,687,144	299,510	586,802	121,471	39,878	73,712	45,548	62,768	1,044,865	119,096	56,596	107,586	65,013	104,854	73,890	91,993	77,434	109,570	98,879	372,316	591,138	1,125,715	2,106,795	1,163,981	118,664	675,281	196,376	321,322	455,633	216,411	182,942	218,136	142,028	129,479	309,192	148,979	150,445	149,823	343,888	249,546
Proceeds from sale of loans
0	0	0	11,337	12,699	0	2,400	18,918	0	0	0	0	0	0	0	30,470	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in loans
622,514	124,364	178,771	68,144	322,308	290,238	117,450	373,684	227,417	441,929	196,294	335,127	214,281	396,291	-1,494	89,560	54,632	132,300	-41,759	184,679	225,770	242,303	66,981	253,620	237,216	215,792	75,749	73,705	-47,259	417,795	322,005	367,863	133,759	-87,948	36,766	56,409	-75,427	78,956	-4,123	-94,641	-156,791
Net cash (paid) received in acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-830,661	0	1,896	0	0	0	0	0	0	7,199	-	-	-	-	-	-	-	-
Benefits received on life insurance policies
0	0	0	0	0	-	-	-	-	135	0	1	461	0	315	591	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of premises and equipment
1	19	3,342	10	4,667	769	15	1,527	11,317	2,972	3	6	1,544	57,257	1	3	1,513	2,464	64	10	0	14	7	13	15	2,169	11	3,751	12,550	1,320	152	3,399	214	83	125	143	988	158	178	150	577
Purchases of premises and equipment
31,749	38,390	69,704	54,583	44,039	22,489	11,015	29,007	16,759	10,293	9,315	8,170	6,311	21,001	9,188	16,093	7,366	28,080	22,244	45,002	51,803	51,413	35,939	31,403	13,215	14,816	6,263	11,686	6,834	5,167	3,692	7,756	8,276	3,453	10,994	8,686	3,586	7,460	3,019	1,907	4,440
Proceeds from sales of repossessed properties
8	532	126	5	0	2,260	120	679	307	0	172	0	345	44	0	240	57	565	170	1,046	2,901	2,869	5,002	1,691	1,719	1,837	2,282	1,939	2,142	5,101	1,185	5,008	4,522	6,737	2,949	5,277	3,599	1,809	2,327	5,608	9,961
Net cash from investing activities
390,997	-178,573	-252,252	-170,460	-785,465	-509,447	-516,820	-633,862	-253,191	-822,975	492,962	-363,379	22,797	-826,876	-424,441	-685,587	562,923	-421,597	-181,767	-280,140	-355,416	-1,884,397	-708,578	-28,601	339,483	-599,309	346,776	-384,140	250,751	-440,472	-531,487	-258,232	-925,277	-2,323,260	107,453	240,312	-479,796	-150,929	-457,731	-133,534	342,375
Financing Activities:
Net change in deposits
501,303	555,982	1,098,559	-309,840	-854,341	800,350	352,355	-681,279	-194,611	469,120	789,696	-528,591	330,589	704,027	820,097	130,476	-186,620	19,198	483,243	-308,468	13,692	645,327	973,997	-173,070	376,847	709,892	900,675	34,315	-453,462	1,252,169	968,080	368,096	152,273	692,875	959,742	394,572	230,217	-50,745	577,927	218,412	420,438
Net change in short-term borrowings
-524,364	494,687	-118,852	92,358	-140,399	283,771	106,307	-54,751	-115,603	149,905	73,052	29,667	-81,792	172,690	71,142	39,274	-199,636	261,343	39,815	-11,843	-198,912	222,154	-32,026	47,567	-153,018	81,116	37,314	39,721	-50,959	-40,143	-54,821	18,927	-85,104	63,956	84,114	20,561	77,898	44,936	-7,759	-42,957	-595
Redemption of preferred stock
150,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of subordinated notes
-	-	-	-	-	-	-	-	-	0	0	-12	98,446	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on subordinated notes
-	-	-	-	-	-	-	-	-	0	0	0	100,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2	5	5	5	5	4	5	150,005	4	5	4	12,377	6,504	4
Proceeds from stock option exercises
1,463	7,264	5,665	2,956	4,885	5,080	1,119	6,283	19,165	22,324	1,273	19,402	24,747	30,993	44,287	3,489	97	3,023	2,880	8,222	728	3,585	5,464	2,830	17,279	3,627	30,837	13,743	20,446	424	2,881	1,669	5,542	199	0	1,470	5,769	10,277	5,358	7,307	15,865
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	678	75	-	610	317	1,335	436	1,875	253	122	61	34	35	41	29	26	213	154	70	194	160	259
Proceeds from issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-53	144,539	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
13,973	1,084	17,190	50,000	519	100,940	0	70	0	1,431	100,000	0	42	1,290	0	0	0	-	-	-	-	-	-	-	-	630	28,800	0	115,200	-	-	-	-	372	0	1,456	201	793	0	0	193
Accelerated share repurchase forward contract
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-28,800	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid on preferred stock
2,016	2,016	2,016	2,015	2,016	2,016	2,016	2,015	2,016	2,016	2,016	2,015	2,016	2,016	2,016	2,015	2,016	2,016	2,016	2,015	2,016	2,016	2,016	2,015	2,016	2,016	2,015	2,688	0	-	-	-	0	-	-	-	-	-	-	-	-
Common stock/treasury stock sold to the 401(k) stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	913	898	879	849
Cash dividends paid on common stock
44,934	44,874	44,704	44,826	42,602	42,728	43,093	43,077	36,551	36,418	36,361	36,737	34,656	34,339	34,039	33,586	32,938	33,144	33,146	33,583	32,288	32,284	32,234	32,173	30,487	30,358	30,313	30,169	28,779	29,571	29,525	29,518	28,239	28,220	28,199	28,212	27,579	27,459	27,358	27,288	25,922
Net cash from financing activities
-232,521	1,009,959	921,462	-311,367	-1,034,992	943,517	414,672	-774,909	-329,616	601,484	725,644	-518,286	235,276	870,065	899,471	137,638	-421,113	222,114	425,670	-357,603	-218,721	833,047	913,795	-156,544	209,940	762,067	938,373	55,120	-512,098	1,182,499	886,644	359,204	44,509	728,462	865,678	387,144	286,253	-22,805	536,883	150,009	410,697
Net change in cash and cash equivalents
407,404	880,280	962,491	-336,044	-1,674,325	536,290	104,019	-1,365,478	-372,099	-38,856	1,385,588	-822,858	387,728	146,057	630,165	-498,240	271,940	-163,382	486,359	-576,218	-519,359	-936,335	279,843	-157,516	622,006	236,064	1,418,706	-317,105	-306,519	772,803	456,925	166,517	-778,858	-1,579,769	1,066,800	721,890	-122,306	-31,907	204,071	89,076	838,258