East west bancorp, inc. (EWBC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

674

703

505

431

384

345

293

281

245

164

76

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

144

139

149

137

88

117

79

82

67

57

81

Accretion of discount and amortization of premiums, net

22

20

7

26

45

184

245

233

210

235

116

Changes in FDIC indemnification asset and receivable/payable

-

-

-

-

-37

-201

-228

-122

-100

-83

-23

Gain on acquisition

-

-

-

-

-

-

-

-

-

22

471

Net impairment loss on investment securities available-for-sale recognized in earnings

-

-

-

-

-

-

-

-

-

16

107

Stock compensation costs

30

30

24

22

16

13

13

12

13

8

5

Deferred income tax expense (benefit)

-21

-16

33

26

261

-147

-42

-12

189

12

127

Tax benefit from stock compensation plans, net

-

-

-

-

-

-

5

0

0

-

-

Provision for credit losses

98

64

46

27

14

49

22

65

95

200

528

Net gains on sales of loans

4

6

8

6

24

39

7

-

-

-

-

Net gains on sales of AFS debt securities

3

2

-

-

-

-

-

-

-

-

-

Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments

-

-

8

10

40

10

12

-

-

-

-

Net loss on sales of fixed assets

0

6

77

3

3

14

10

-

-

-

-

Net gains on sales of OREO

-

-

-

-

11

-

-

-

-

-

-

Net gain on sale of business

0

31

3

0

0

-

-

-

-

-

-

Loans held-for-sale:
Impairment on other real estate owned

-

-

-

-

-

-

-

16

29

49

7

Net gain on sales of available-for-sale investment securities, loans and other assets

-

-

-

-

-

-

-

28

30

51

6

Originations and purchases

10

20

20

18

0

92

99

103

72

42

65

Proceeds from sales and paydowns/payoffs of loans originally classified as held-for-sale

10

20

21

23

3

288

44

25

-

-

-

Proceeds from distributions received from equity method investees

3

3

3

4

-

-

-

-

-

-

-

Repurchase agreements extinguishment costs

-

-

-

-

-21

0

0

-

-

-

-

Net payments to FDIC shared-loss agreements

-

-

-

-

-132

-1

-55

-76

-

-

-

Net change in accrued interest receivable and other assets

170

60

-45

-23

117

89

-53

35

146

-87

143

Net change in accrued expenses and other liabilities

7

88

-1

15

16

-38

57

15

-233

157

-39

Proceeds from sales of loans held for sale

-

-

-

-

-

-

-

-

41

42

-37

Prepayment penalty for Federal Home Loan Bank advances and other borrowings, net

-

-

-

-

-

-

-

-

12

13

2

Net proceeds from FDIC shared-loss agreements

-

-

-

-

-

-

-

-

159

331

-

Other net operating activities

0

-1

0

1

0

-6

0

3

-2

-1

-0

Total adjustments

61

179

197

218

84

47

132

5

10

704

78

Net cash provided by operating activities

735

883

703

650

469

392

425

287

255

869

155

CASH FLOWS FROM INVESTING ACTIVITIES
Net (increase) decrease in:
Investments in qualified affordable housing partnerships, tax credit and other investments

146

132

173

100

95

87

42

57

36

-

-

Interest-bearing deposits with banks

193

4

-63

-38

30

-81

-

-

-

-

-

Resale agreements:
Proceeds from paydowns and maturities

650

175

1,250

1,500

1,050

800

600

-

-

-

-

Short-term investments

-

-

-

-

-

-

-108

304

-81

-103

18

Purchases

325

160

600

1,550

1,675

925

450

663

1,292

950

30

AFS debt securities:
Proceeds from sales

627

364

832

1,275

1,669

623

663

1,230

702

1,338

1,650

Investments in affordable housing partnerships

-

-

-

-

-

-

-

-

-

42

10

Investments in affordable housing partnerships and other investments

-

-

-

-

-

-

-

-

7

2

-

Other investments

-

-

-

-

-

-

-

-

2

-

-

Proceeds from repayments, maturities and redemptions

1,155

742

413

1,503

734

554

444

1,119

1,780

2,564

1,477

Purchases

2,303

888

828

2,396

3,547

960

1,316

1,835

2,713

4,207

1,976

Investment securities held-to-maturity

-

-

-

-

-

-

-

-

-

-

551

Loans held-for-investment:
Proceeds from sales of loans originally classified as held-for-investment

288

483

566

661

1,729

856

370

-

188

473

299

Purchases

524

597

534

1,142

282

865

680

461

675

861

530

Net cash acquired in acquisitions

-

-

-

-

-

-

-

-

-

67

599

Other changes in loans held-for-investment, net

2,184

3,313

3,514

1,549

3,285

2,552

2,458

337

934

-498

-467

Premises and equipment:
Proceeds from sales

0

1

119

8

7

-

-

18

9

0

0

Federal Reserve Bank stock

-

-

-

-

-

-

-

-

-

-

9

Purchases

9

13

13

12

6

-

88

10

10

90

0

Sales of businesses, net of cash transferred:
Proceeds

0

0

3

0

0

-

-

-

-

-

-

Payments

0

503

0

-

-

-

-

-

-

-

-

Acquisitions, net of cash paid

-

-

-

0

-

-138

0

-

-

-

-

Loans originated for investment

-

-

-

-

-

-

-

414

611

367

-

Proceeds from sales of other real estate owned (“OREO”)

1

4

6

7

41

70

64

100

177

140

81

Proceeds from distributions received from equity method investees

9

5

8

7

-

-

-

-

-

-

-

Paydowns, maturities and termination of securities purchased under resale agreements

-

-

-

-

-

-

-

-

1,005

680

-

Redemption of FHLB stock

-

-

-

-

-

-

-44

-29

-25

-20

-

Surrender of life insurance policies

-

-

-

-

-

-

0

-

-

-

-

Other net investing activities

2

4

-19

-25

-2

-67

-5

0

0

10

-

Net cash used in investing activities

-2,571

-3,832

-2,506

-1,800

-3,627

-2,359

-2,734

-758

-1,071

93

1,448

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits

1,902

3,903

2,272

2,452

3,492

2,277

2,103

856

1,812

254

325

Net increase (decrease) in short-term borrowings

-28

61

-61

62

0

0

-20

-5

-63

40

-2,215

FHLB advances:
Increase in long-term borrowings

-

-

-

-

-

-

100

-

-

-

-

FHLB advances

1,500

0

0

-

700

0

0

-

-

550

-

Issuance of preferred stock, net of stock issuance costs, and common stock warrants

-

-

-

-

-

-

-

-

-

-

335

Issuance of common stock from public offering

-

-

-

-

-

-

-

-

-

-

80

Issuance of common stock from private placement

-

-

-

-

-

-

-

-

-

-

192

Repayment

1,082

0

0

700

0

10

0

100

760

1,198

-

Modification of Federal Home Loan Bank advances

-

-

-

-

-

-

-

48

-

-

-

Repayment of long-term debt and lease liabilities

0

25

15

20

20

30

10

75

23

-

-

Common stock:
Repayment of other borrowings

-

-

-

-

-

-

-

-

11

43

51

Repurchase of Series B preferred stock

-

-

-

-

-

-

-

-

-

306

-

Issuance and conversion costs of preferred stock and common stock

-

-

-

-

-

-

-

-

-

-

20

Repurchase of common stock warrants

-

-

-

-

-

-

-

-

14

-

-

Repurchase of common stock pursuant to the Stock Repurchase Program

-

-

-

-

-

-

199

199

-

-

-

Proceeds from issuance pursuant to various stock compensation plans and agreements

3

2

2

2

2

6

3

3

5

4

0

Extinguishment of repurchase agreements

-

-

-

-

-566

-25

0

-

-

-

-

Stocks tendered for payment of withholding taxes

14

15

12

3

5

10

13

3

0

-

-

Cash dividends paid

155

125

116

115

115

103

86

64

30

29

29

Tax benefit from stock compensation plans, net

-

-

-

-

-

-

5

0

0

-

-

Other net financing activities

-

-

-

1

3

6

-

-

-

-1

-0

Net cash provided by financing activities

2,124

3,800

2,068

1,679

3,490

2,111

1,881

364

914

-729

-1,383

Effect of exchange rate changes on cash and cash equivalents

-29

-24

31

-11

-11

0

0

-0

-1

2

-

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

259

826

296

517

321

144

-427

-108

97

234

220

SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for:
Interest

418

253

138

104

105

112

112

136

175

206

230

Income taxes, net

158

85

98

39

-18

321

142

183

326

-60

-21

Noncash investing and financing activities:
Loans transferred from held-for-investment to held-for-sale

285

481

613

819

1,747

837

97

144

644

563

-

Loans to facilitate sale of premises and equipment

-

-

-

-

-

-

-

-

11

-

-

Loans transferred from held-for-sale to held-for-investment

0

2

0

4

-53

-

-

-

-

-

-

Deposits transferred to branch liability held-for-sale

0

0

605

0

0

-

-

-

-

-

-

Investment security transferred from held-to-maturity to AFS

0

0

115

0

0

-

-

-

-

-

-

Conversion of preferred stock to common stock

-

-

-

-

-

-

83

-

0

325

-

Transfers to other real estate owned

-

-

-

-

-

-

-

-

-

-

135

Loans to facilitate sale of OREO

-

-

-

-

-

2

0

6

8

15

40

Held-to-maturity investment security retained from securitization of loans

-

-

-

160

0

0

-

-

-

-

-

Premises and equipment transferred to branch assets held-for-sale

0

0

8

0

0

-

-

-

-

-

-

Loans transferred to OREO

2

1

0

8

9

47

43

81

175

270

-

Loans to facilitate sales of loans

-

-

-

-

-

-

-

1

27

45

-

Issuance of common stock related to acquisition

-

-

-

-

-

190

0

-

0

0

0

Transfers from investment securities held-to-maturity to available-for-sale

-

-

-

-

-

-

-

-

-

-

681

Desecuritization of loans receivable

-

-

-

-

-

-

-

-

-

-

635

Transfers from other real estate owned/affordable housing partnership

-

-

-

-

-

-

-

-

-

-

13

Accrued preferred stock dividend

-

-

-

-

-

-

-

-

-

-

0

Amortization of preferred stock discount

-

-

-

-

-

-

-

-

-

21

3