1st franklin financial corporation (FFC)
CashFlow / Quarterly
Mar'20Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)

1,889

4,504

158

6,208

7,259

3,714

1,962

5,637

3,874

3,430

-8,253

178

3,148

5,969

3,497

5,184

8,627

8,555

5,501

7,271

9,776

10,784

8,370

8,516

8,427

9,093

5,316

9,177

8,984

9,269

6,991

7,702

7,140

7,288

Adjustments to reconcile Net Income (Loss) to net cash provided by operating activities:
Provision for loan losses

18,140

10,542

13,824

10,211

6,971

8,200

9,912

5,777

6,987

9,677

106,472

-16,458

-11,272

-11,179

-13,263

-10,872

-6,528

-6,222

-10,372

-9,184

-7,171

-5,894

-9,130

-7,268

-5,718

-5,505

36,615

-5,966

-4,041

-4,122

5,394

5,510

3,546

4,557

Depreciation and amortization

1,247

1,209

1,169

1,151

1,159

1,150

1,211

1,054

1,017

986

6,436

-966

-947

-812

-802

-819

-851

-845

-829

-813

-769

-744

-746

-734

-729

-700

-684

-678

-680

-673

-4,464

664

627

586

Provision for deferred income taxes

-13

-23

260

198

144

-81

-2,067

97

-144

-329

-

-

-

332

-62

-328

-816

170

-58

-32

-48

98

-134

-73

-60

122

-93

-104

-121

67

94

-131

121

-109

Other

52

-50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings in equity method investment

-

-

-

-

-

-

0

593

-91

236

1,821

-467

-389

248

508

746

-59

-126

260

-345

-475

-287

-

-

-

-

-

-

-

-

-

-

-

-

Equipment and amortization on securities

-

-

627

-118

-220

32

-685

144

50

125

1,103

-190

-129

-191

-155

-173

-135

-304

-186

-280

-355

-278

-257

-248

-289

-208

1,960

-1,379

285

261

111

191

160

101

Decrease (increase) in miscellaneous other assets

-993

-1,198

1,980

-1,221

3,357

-4,449

545

-626

2,180

-212

-2,520

462

-1,488

2,480

7,561

275

-7,368

-2,305

-118

63

-1,715

2,192

-1,530

629

-2,100

1,439

-590

860

-2,178

1,474

-968

856

819

-988

Decrease in other liablities

-6,446

-8,025

3,240

3,563

2,565

-9,465

5,192

3,722

-30

-847

-10,133

-1,232

-176

6,485

-486

-3,293

-3,337

7,267

-1,830

-3,938

-1,757

6,515

-1,529

-2,622

-2,256

6,742

-3,563

-1,974

-2,549

6,125

-2,734

-1,323

-860

5,654

Net Cash Provided by (Used in) Operating Activities

15,758

9,456

16,657

22,436

14,521

8,001

15,708

16,465

9,665

13,019

20,198

19,099

13,694

14,062

26,339

21,695

12,869

6,058

18,920

21,238

17,687

12,993

18,427

20,093

15,380

10,084

17,713

19,049

14,485

9,608

16,490

14,402

11,637

7,757

CASH FLOWS FROM INVESTING ACTIVITIES:
Loans originated or purchased

108,520

111,508

149,566

130,714

124,717

105,441

143,273

114,364

103,636

82,623

107,462

112,383

83,790

81,341

113,035

109,096

93,335

72,171

108,427

92,373

85,445

65,353

99,758

87,046

84,762

63,355

82,116

81,443

76,314

61,034

77,561

66,758

72,126

52,317

Loan liquidations

94,690

105,065

93,271

473,049

-92,483

-99,052

614,081

-82,855

-86,372

-95,787

78,943

87,114

82,569

91,994

83,139

77,599

80,998

90,966

73,928

71,584

71,676

82,874

67,212

68,397

67,919

77,916

63,251

60,214

59,494

69,849

52,919

56,313

53,931

63,605

Increase (decrease) in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-1,067

-4,141

-2,530

7,325

354

-654

1,237

232

56

-801

611

-2,134

-504

-1,293

229

250

-434

385

-1,093

1,087

444

-2,272

2,530

Purchases of marketable debt securities

3,932

0

-

11,781

7,729

7,797

-

9,121

4,550

17,392

-

13,082

12,374

8,640

-

7,385

1,290

1,453

-

9,043

9,416

6,968

-

10,271

8,174

7,712

-

6,478

10,286

5,838

-

7,785

17,406

11,379

Redemptions of marketable debt securities

0

-1,895

-

-6,068

-10,463

-3,680

-

-5,770

-140

-5,245

-

-4,200

-3,525

-3,835

-

-1,860

-4,255

-4,395

-

-4,225

-4,230

-5,235

-

-4,180

-3,834

-3,114

-

-

-

-

-

2,005

2,445

6,190

Fixed asset additions, net

539

1,198

-

581

651

810

-

788

1,556

1,055

-

1,058

4,062

607

-

493

959

1,007

-

1,027

1,309

499

-

509

798

564

-

692

654

356

-

-1,093

-1,491

-561

Fixed asset net proceeds from sales

17

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of securities, available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,400

883

0

916

-

-

2,798

3,270

-817

0

0

3,085

Net Cash Provided by (Used in) Investing Activities

-18,285

-5,746

-61,971

-46,972

-30,151

-11,317

-37,242

-35,649

-23,230

-38

-42,201

-33,800

-9,991

7,769

-44,259

-37,870

-8,880

19,491

-37,178

-26,692

-34,464

14,677

-46,871

-23,863

-20,687

10,085

-23,022

-26,015

-25,347

6,984

-34,155

-17,764

-32,375

6,091

CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in senior demand notes outstanding

-3,304

190

-3,631

-638

-2,730

5,479

1,416

-2,380

2,502

-189

4,850

1,982

-3,743

-922

8,435

3,017

-650

1,668

-96

219

270

4,081

-571

917

2,881

795

3,041

1,259

1,169

-2,043

3,139

666

769

1,638

Advances on credit line

53,841

36,900

63,219

15,961

133

131

132

133

145

131

132

133

133

132

132

134

133

131

132

133

133

131

132

134

-267

532

132

133

133

132

132

133

133

3,908

Payments on credit line

49,991

46,780

18,239

7,761

133

131

132

133

145

131

132

133

133

132

132

134

133

131

132

133

133

131

132

134

-267

532

132

133

133

132

132

133

133

4,808

Commercial paper issued

16,454

32,763

14,890

20,156

15,503

12,514

8,849

13,262

14,248

11,737

10,147

12,717

11,903

19,890

18,834

20,277

12,862

15,990

12,329

15,900

24,675

12,680

16,268

18,601

12,090

14,598

13,058

9,659

12,203

20,490

11,480

11,795

13,766

14,889

Commercial paper redeemed

19,857

18,032

9,903

18,728

7,821

7,720

7,546

8,103

6,803

7,357

11,947

9,040

4,649

9,884

7,401

8,174

5,702

5,853

5,858

9,136

21,008

6,887

7,665

11,068

7,409

7,316

7,300

5,670

6,433

7,340

9,294

3,794

3,558

5,290

Subordinated debt securities issued

1,461

1,691

1,160

1,472

1,741

1,328

1,424

1,479

2,059

1,789

1,363

1,662

1,508

1,960

1,890

2,104

1,797

2,371

1,861

3,253

-39

2,134

1,910

1,848

2,249

2,637

2,036

2,545

1,760

2,397

1,566

4,153

1,035

3,762

Subordinated debt securities redeemed

1,760

3,160

2,339

1,568

3,212

1,800

1,368

2,116

2,236

2,392

1,497

2,400

1,562

2,192

2,391

2,285

2,459

2,749

2,673

3,924

687

2,576

2,276

3,319

2,770

2,819

2,622

2,343

2,085

5,640

3,696

8,030

4,424

7,277

Dividends / Distributions

100

118

0

1,483

1,312

0

-14

0

-401

562

0

0

5,882

2,767

0

3,228

6,297

777

990

8,875

8,890

4,620

0

3,538

8,715

1,763

-

-

-

-

-1,150

-2,461

-3,855

-1,368

Net Cash Provided by (Used in) Financing Activities

3,352

3,072

48,196

7,410

2,167

9,802

93

2,140

10,172

3,026

2,915

4,921

-2,425

6,084

19,367

11,710

-449

10,649

4,572

-2,561

-5,679

4,812

7,666

3,441

-1,674

6,131

7,935

2,023

557

7,863

2,045

2,329

3,734

5,454

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

824

6,782

2,882

-17,125

-13,461

6,486

-21,440

-17,042

-3,392

16,007

-19,087

-9,779

1,278

27,916

1,447

-4,464

3,540

36,199

-13,685

-8,015

-22,456

32,483

-20,778

-328

-6,981

26,302

2,626

-4,942

-10,304

24,455

-15,619

-1,031

-17,003

19,304

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

5,377

4,276

3,643

3,343

3,360

3,279

3,251

3,275

3,212

3,106

3,245

3,333

3,471

3,463

3,411

3,285

3,215

2,961

3,024

3,053

2,912

2,889

2,925

2,885

2,918

2,808

2,782

2,953

2,813

2,783

2,780

8,923

-3,077

3,083

Income Taxes

-

-

-

-

-

-

1,080

1,312

3,109

195

1,260

1,257

3,332

285

1,131

793

1,824

20

972

1,095

2,137

100

1,133

545

2,129

50

-

-

-

-

-

-

-

-

SUPPLEMENTAL DISCLOSURES FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:
Adoption of Lease Accounting Standard ASU 2016-02

0

29,781

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adoption of CECL Accounting Standard ASU 2016-13

2,158

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

920

1,089

0

819

-

-

-

-

-

-

-

-