First hawaiian, inc. (FHB)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities:
Net income

38,865

67,836

74,199

72,433

69,924

59,995

67,388

69,053

67,958

11,684

58,363

56,895

56,740

56,552

53,235

54,860

65,531

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Provision for credit losses

41,200

4,250

0

3,870

5,680

5,750

4,460

6,020

5,950

5,100

4,500

4,400

4,500

3,900

2,100

1,900

700

Depreciation, amortization and accretion, net

17,121

17,848

17,017

18,371

14,588

13,010

14,336

14,337

13,220

15,746

16,053

15,857

14,363

12,390

15,291

18,932

5,563

Deferred income taxes

6,624

-2,064

3,400

-737

16,461

-5,810

-3,208

-2,095

7,511

65,264

-10,773

-2,391

6,816

3,494

-6,838

-9,136

15,798

Stock-based compensation

2,802

3,119

1,156

1,957

1,594

1,301

1,558

1,578

1,748

1,121

1,177

1,372

1,622

-

-

-

-

Net gains on sale of real estate

-

-

-

-

-

-

-

-

-

-

-

-

142

-

-

-

-

Other gains

15

-1

-26

-18

26

165

-191

1,075

13

77

0

121

12

65

-39

16

9

Originations of loans held for sale

41,062

6,204

8,869

3,346

745

1,235

17,551

10,059

862

-

-

-

-

-

-

-

-

Proceeds from sales of loans held for sale

35,435

6,300

7,513

3,144

1,199

853

19,670

8,479

465

-

-

-

-

-

-

-

-

Net gains on sales of loans originated for investment and held for sale

2,459

54

-1,191

13

22

-

-

-

-

-

-

-

-

-

-

-

-

Net (gains) losses on investment securities

85

-123

0

21

-2,613

-

-

-

-

-

-

-

-

1,516

30

3

25,728

Change in assets and liabilities:
Net increase in other assets

22,164

-25,160

47,228

-2,438

1,293

-6,286

6,404

-16,846

4,869

41,424

14,422

1,274

-14,761

35,928

27,800

-12,224

-1,933

Net decrease in other liabilities

-128,111

9,122

-21,581

-17,275

-46,569

-18,117

5,107

23,811

-37,891

2,129

3,362

19,006

-33,625

-420

1,344

8,919

-11,630

Net cash (used in) provided by operating activities

-51,849

125,437

26,824

80,839

63,404

85,902

85,465

126,829

53,217

55,272

55,606

93,873

65,023

40,855

39,400

87,680

52,158

Available-for-sale securities:
Proceeds from maturities and principal repayments

259,447

231,834

213,104

180,000

142,954

172,722

212,356

206,241

218,941

243,846

232,233

206,694

205,927

294,728

341,589

310,123

241,472

Proceeds from calls and sales

78,472

-

-

-

863,053

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales

-

-

-

-

-

-

-

-

-

-

-

-

-

299,204

-420

-450

534,557

Purchases

272,324

301,551

-1

71,885

927,606

1

-1

0

130,252

224,368

425,701

47,380

390,968

434,710

1,119,035

1,034,543

520,399

Other investments:
Proceeds from sales

8,492

5,054

4,384

2,791

2,063

2,509

2,415

5,633

2,285

2,199

1,855

3,011

8,452

5,567

5,835

5,076

6,725

Purchases

9,196

11,567

6,736

10,482

2,211

19,807

17,279

23,750

4,403

9,003

1,833

3,793

5,858

8,375

6,127

5,068

6,764

Loans:
Net increase in loans and leases resulting from originations and principal repayments

-276,113

-188,840

76,249

30,712

-51,823

-401,182

-535,926

175,124

189,496

-1,377,179

87,025

274,171

265,066

125,739

209,391

227,458

239,385

Purchases of loans

30,244

151,024

24,895

146,365

76,451

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of loans originated for investment

132,011

-

-

-

-

0

0

-8

570

7,936

1,103

1

671

-

-

-

-

Proceeds from bank-owned life insurance

906

2,070

3,055

604

1,953

-

-

-

-

256

239

0

3,987

4,580

4,756

566

455

Purchases of premises, equipment and software

14,728

6,984

6,101

6,698

9,571

22,385

3,743

6,306

3,446

4,104

1,945

2,987

1,032

4,362

2,614

4,331

4,234

Proceeds from sales of premises and equipment

185

-

-

-

-

-

-

-

-

4,282

3,830

17

10

-

-

-

-

Purchases of mortgage servicing rights

-

-

-

-

-

0

0

0

6,444

-

-

-

-

-

-

-

-

Proceeds from sales of other real estate owned

69

0

0

106

653

386

0

0

332

294

0

0

635

624

240

0

167

Other

1,035

-

594

661

768

778

729

731

594

472

526

496

550

-44

16

-112

46

Net cash used in investing activities

-124,058

-291,898

661,968

62,896

-57,754

-380,130

228,873

5,955

-112,507

-118,789

-281,396

-127,104

-443,792

31,860

-985,170

-955,923

12,548

Net increase (decrease) in deposits

575,008

-412,252

65,168

-3,166

-354,824

460,795

-706,265

33,116

-249,700

16,639

143,221

514,084

143,646

-170,995

843,423

67,653

-7,473

Net decrease in short-term borrowings

-

-

-

-

-

-

-

-

-

0

0

0

-9,151

0

-25,800

-180,500

-700

Dividends paid

33,782

33,854

34,408

34,917

35,067

32,370

32,370

32,792

33,504

30,709

30,701

30,700

30,700

-

-

-

-

Distributions paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,424

0

5,954

357,670

Stock tendered for payment of withholding taxes

1,504

0

231

4

1,529

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from employee stock purchase plan

-

-

-

-

-

0

0

0

342

0

0

0

528

-

-

-

-

Common stock repurchased

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

534,722

-483,539

-28,290

-78,087

-391,420

598,372

-558,645

118,524

-282,862

-16,204

112,390

483,384

104,323

-196,477

789,576

-148,801

-365,843

Net increase (decrease) in cash and cash equivalents

358,815

-650,000

660,502

65,648

-385,770

304,144

-244,307

251,308

-342,152

-79,721

-113,400

450,153

-274,446

-123,762

-156,194

-1,017,044

-301,137

Supplemental disclosures
Interest paid

24,163

21,571

29,465

24,023

27,398

23,951

23,666

17,664

15,100

11,941

9,538

7,697

7,457

6,836

6,371

6,211

6,452

Income taxes paid, net of income tax refunds

5,165

1,335

27,580

36,710

4,883

13,798

27,656

1,359

189

57,832

56,149

30,911

180

37,437

48,158

112,586

-7,794

Noncash investing and financing activities:
Transfers from loans and leases to other real estate owned

-

-

-

-

-

-

-

-

-

0

235

0

524

0

854

0

202

Transfers from loans and leases to loans held for sale

131,201

-

-

-

-

-

-

-

4

8,492

1,100

0

659

-

-

-

-

Derivative liability entered into in connection with sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,828