First citizens bancshares inc /de/ (FCNCA)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
OPERATING ACTIVITIES
Net Income (Loss) Attributable to Parent

457,371

400,313

323,752

225,482

210,386

138,562

166,869

132,395

195,028

193,044

116,331

91,058

Adjustments to reconcile net income to cash provided by operating activities:
Provision (credit) for loan and lease losses

31,441

28,468

25,692

32,941

20,664

640

-32,255

142,885

232,277

143,519

79,364

65,926

Deferred tax expense (benefit)

54,598

-13,377

125,838

33,146

550

-33,339

47,646

-34,422

-16,637

-41,375

35,772

-8,381

Net change in current taxes

-19,564

23,353

-10,616

-24,380

-19,477

72,274

-79,173

29,095

-2,820

-25,432

-4,426

-2,673

Depreciation

103,800

96,800

90,800

88,777

87,717

75,481

70,841

68,941

65,170

62,761

57,724

53,945

Net (decrease) increase in accrued interest payable

14,412

-240

155

-1,916

-2,481

1,457

-2,616

-14,366

-14,340

-877

-13,042

-11,365

Net (increase) decrease in income earned not collected

4,151

10,785

8,899

7,805

12,782

-6,402

724

5,450

-48,423

15,300

-17,083

7,314

Business Combination, Bargain Purchase, Gain Recognized, Amount

0

0

134,745

5,831

42,930

0

0

-

150,417

136,000

104,434

0

Contribution to pension plans

7,115

351

4,293

26,673

10,817

29,096

0

2,277

-288

1,952

-511

8,128

Equity Securities, FV-NI, Gain (Loss)

-

-

-

0

216

0

0

-

-

-

-

-

Gain on sale of other assets

-

-

-

-

-

-

4,085

0

0

-

-

-

Marketable Securities, Gain (Loss)

20,625

-7,610

0

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

0

26,553

919

1,717

0

1,988

0

0

9,685

0

0

-

Gain (Loss) on Contract Termination

-

-

-

-3,377

0

0

-

-

-

-

-

-

Origination of loans held for sale

736,015

593,307

622,503

795,963

685,631

377,993

393,908

575,705

513,253

605,302

751,154

-475,874

Origination of loans held for sale

731,803

608,549

660,808

797,123

701,412

398,719

443,708

589,376

518,398

592,608

761,973

488,158

Gain on sale of loans held for sale

14,884

11,210

14,843

15,795

11,851

4,971

10,738

7,465

8,751

8,858

8,801

-5,862

Gain (Loss) on Sale of Loans and Leases

299

0

1,007

3,758

0

0

-

-

-

-

-

-

Net writedowns/losses on other real estate

-2,664

-4,390

-4,460

-6,201

-2,168

-14,275

-6,686

-36,229

-53,450

-15,633

-18,010

-912

Gain (Loss) on Disposition of Property Plant Equipment

-4,115

-2,452

524

0

0

-

-

-

-

-

-

-

Net accretion of premiums and discounts

34,040

36,567

40,028

44,618

85,066

48,374

112,759

156,796

194,434

119,085

-45,186

-9,702

Amortization of intangible assets

23,861

23,648

22,842

21,808

22,894

6,955

2,309

3,476

-

-

-

2,048

Net change in FDIC receivable for shared-loss agreements

-

-

-

-

47,044

27,666

71,771

-7,181

44,551

26,284

-2,800

0

FDIC payable for loss share agreements

6,777

4,276

4,334

-11,245

9,918

6,933

7,821

101,557

-

-

-

-

Net change in other liabilities

5,927

5,258

7,178

5,931

-

-

-

-

-

-

-

-

Net change in other assets

28,097

3,961

31,933

7,197

12,904

72,680

-100,437

21,414

-89,979

6,810

50,636

6,065

Net change in other liabilities

-19,584

-40,895

-25,939

-25,520

14,458

1,319

49,177

-77,590

-1,541

21,455

-28,585

11,391

Net cash provided by operating activities

540,569

457,336

355,258

230,506

233,056

182,242

331,007

201,288

335,686

94,313

168,076

212,106

INVESTING ACTIVITIES
Net increase in loans outstanding

1,282,880

1,023,885

1,213,686

1,214,433

1,311,447

814,372

-323,436

-627,806

-473,974

-926,122

-49,677

851,848

Purchases of investment securities available for sale

4,705,038

1,451,287

3,648,312

4,086,855

2,467,993

2,518,680

2,671,420

5,169,641

3,480,699

4,192,967

1,462,593

1,748,963

Purchases of investment securities held to maturity

223,598

97,827

0

0

-

-

-

-

-

-

73

0

Purchases of marketable equity securities

26,166

2,818

0

0

-

-

-

-

-

-

-

-

Proceeds from maturities/calls of investment securities held to maturity

341,077

296,632

22

157

263

389

435

480

709

1,069

2,343

1,727

Proceeds from maturities/calls of investment securities available for sale

2,345,512

1,664,730

1,842,563

2,149,130

1,478,608

2,482,722

2,437,851

3,986,370

4,002,724

2,592,097

1,567,326

1,714,337

Proceeds from sales of investment securities available for sale

2,308,856

360,218

1,345,746

1,829,305

1,286,120

422,652

0

7,900

242,023

38,496

151,559

16,456

Proceeds from sales of marketable equity securities

56,749

9,528

0

0

-

-

-

-

-

-

-

-

Net decrease (increase) in overnight investments

-65,181

601,979

586,279

233,433

-338,213

221,730

-416,144

-8,205

-36,585

324,870

-417,372

91,593

Cash paid to the FDIC for shared-loss agreements

-

-

-

21,059

33,296

1,286

-19,373

-251,972

-293,067

52,422

-

-

Net Payment to the FDIC for Termination of Loss Share Agreements

292

3,567

7,725

20,115

0

0

-

-

-

-

-

-

Proceeds from sales of other real estate

25,918

28,128

40,709

34,944

80,932

89,485

147,550

147,858

135,803

143,740

10,763

15,116

Proceeds from sales of premises and equipment

132

1,721

3,061

0

0

-

-

-

-

-

-

-

Proceeds from sale of portfolio loans

24,247

9,591

162,649

77,665

45,862

0

0

-

-

-

-

-

Purchases of premises and equipment

121,077

140,444

84,798

81,841

89,734

82,708

66,037

88,883

76,901

70,836

95,877

95,160

Dispositions of premises and equipment

-

-

-

-

-

-

-

-

-

1,316

0

0

Net Cash Used in Divestiture of Businesses

-

-

-

-

22,242

0

0

-

-

-

-

-

Business acquisitions, net of cash acquired

236,728

155,126

-304,820

727

-123,137

-182,370

0

0

1,150,879

106,489

51,381

0

Net cash used in investing activities

-1,558,469

97,573

-668,672

-1,100,396

-1,248,003

-17,698

-224,956

-244,343

2,704,994

-77,182

-142,866

-856,742

FINANCING ACTIVITIES
Net decrease in time deposits

284,611

33,023

-538,250

-505,548

-590,773

-499,869

-699,005

-1,049,761

-2,273,418

-743,191

-1,102,587

37,895

Net increase in demand and other interest-bearing deposits

1,154,815

457,196

539,120

1,287,856

1,607,487

497,692

487,046

1,558,512

4,417

1,333,159

1,051,869

747,324

Stock issuance costs

-

-

-

-

-

619

0

0

-

-

-

-

Net decrease in short-term borrowings

-27,703

-246,517

-44,680

33,072

-397,952

-25,321

-57,087

-101,717

-283,440

-500,217

-83,719

659,519

Proceeds from (Repayments of) Long-term Debt and Capital Securities

-73,284

-752,447

-6,955

9,279

-5,896

-54,301

-4,152

-196,338

-320,730

-114,425

-

-

Origination of long-term obligations

200,000

125,000

175,000

150,000

350,000

0

70,000

310

0

0

8,616

330,000

Repurchase of common stock

453,123

163,095

0

0

-

-

321

103,624

24,387

0

0

-

Cash dividends paid

18,137

16,779

14,412

14,412

18,015

11,543

8,663

15,398

12,499

12,521

12,522

11,477

Net cash (used in) provided by financing activities

1,067,179

-563,619

109,823

875,545

944,851

-93,961

-212,182

91,984

-2,910,057

-37,195

-138,343

444,223

Change in cash and due from banks

49,279

-8,710

-203,591

5,655

-70,096

70,583

-106,131

48,929

130,623

-20,064

-113,133

-200,413

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Change in unrealized securities gains (losses)

-

-

-

-

-

-

-

-

3,370

-12,574

-38,913

19,935

Change in fair value of cash flow hedge

-

-

-

-

-

-

-

-

-1,222

-4,125

5,301

-5,314

Change in pension obligation

-

-

-

-

-

-

-

-

-51,559

-2,804

53,703

-141,961

Transfers of loans to other real estate

-

-

-

35,272

55,032

65,956

92,125

140,645

213,195

156,918

67,380

44,714

Dividends declared but not paid

4,256

4,668

4,204

0

0

3,603

2,885

0

0

-

-

-

Unsettled maturities of investment securities

0

0

100,000

-

-

-

-

-

-

-

-

-

Unsettled sales of investment securities

0

0

208,464

0

-

-

-

-

-

-

-

-

Net reclassification of portfolio loans from loans held for sale

22,034

-2,433

161,719

73,907

-

-

-

-

-

-

-

-

CASH PAYMENTS FOR:
Interest

78,230

37,097

43,639

44,998

46,785

48,894

59,234

104,514

157,477

196,002

240,686

326,310

Income taxes

83,038

73,806

88,565

108,741

136,900

127,970

102,890

66,453

91,465

187,183

20,640

69,506

Transfers of premises and equipment to other real estate

14,639

23,375

34,980

0

-

-

-

-

-

-

-

-

Reclassification of reserve for unfunded commitments to allowance for loans and leases

-

-

-

-

-

-

7,368

0

0

-

-

-

Repurchase and retirement of common stock

-

-

-

-

-

46,085

0

0

-

-

-

-

Issuance of common stock associated with Bancorporation merger

-

-

-

-

-

564,248

0

0

-

-

-

-

Transfer of investment securities available for sale (from) to held to maturity

2,080,617

-

-

-

0

-

-

-

-

-

-

-

Transfer of Portfolio Loans and Leases to Held-for-sale

-

-

-

-

0

-

-

-

-

-

-

-

Transfer of investment securities available for sale (from) to held to maturity

-

2,485,761

0

0

-

-

-

-

-

-

-

-

Transfer of investment securities available for sale to marketable equity securities

0

107,578

0

0

-

-

-

-

-

-

-

-

Property, Plant And Equipment Owned, Transfer To Real Estate Owned

7,045

1,622

0

-

-

-

-

-

-

-

-

-

Transfers of premises and equipment to other real estate

0

12,196

5,327

0

-

-

-

-

-

-

-

-

Unsettled common stock repurchases

0

2,243

0

0

-

-

-

-

-

-

-

-

Initial recognition of operating lease assets

70,652

-

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liabilities

71,793

-

-

-

-

-

-

-

-

-

-

-

Assets acquired

-

-

-

-

-

-

-

-

2,934,464

2,291,659

1,924,179

0

Liabilities assumed

-

-

-

-

-

-

-

-

2,784,047

2,155,861

1,819,745

0

Net assets acquired

-

-

-

-

-

-

-

-

150,417

135,798

104,434

0