First Horizon National Corporation FHN Cash Flow

First horizon national corporation (FHN)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Operating Activities
Net income/(loss)
452,373	556,507	176,980	238,511	97,313	234,046	38,369	-15,352	142,630	61,603	-258,435	-177,971
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities:
Provision/(provision credit) for loan losses
47,000	7,000	0	11,000	9,000	27,000	55,000	78,000	44,000	270,000	880,000	1,080,000
Provision/(benefit) for deferred income taxes
14,357	103,557	121,001	79,604	24,196	3,729	-8,578	-69,231	36,035	233,513	-173,900	-411,429
Depreciation and amortization of premises and equipment
43,785	47,232	34,703	32,387	35,780	35,715	36,514	35,028	34,624	31,121	32,538	41,278
Amortization of intangible assets
-	-	-	27,088	19,710	17,009	31,187	79,034	50,317	45,853	42,852	47,941
Amortization of intangible assets
24,834	25,855	8,728	5,198	5,253	4,170	3,912	3,910	4,380	5,526	6,017	8,229
Net other amortization and accretion
3,380	13,962	-27,493	-	-	-	-	-	-	-	-	-
Net (increase)/decrease in derivatives
134,009	-41,687	26,662	-1,886	6,617	-170	-650	8,847	-5,145	-1,007	-186,902	110,044
Fair value adjustment on interest-only strips
-4,725	-398	1,021	0	0	-1,248	-20,182	5,075	41,260	31,146	-67,813	422,561
Repurchase and foreclosure provision/(provision credit)
0	0	-20,000	-31,400	0	-4,300	170,000	299,256	159,590	189,830	147,772	29,503
(Gains)/losses and write-downs on OREO, net
-624	626	61	-8	-1,258	-2,160	-	-	-	-	-	-
Fair value adjustment to foreclosed real estate
-	-	-	-	-	-	4,987	9,422	18,358	18,097	39,879	4,393
Litigation and regulatory matters
-8,443	-836	40,250	13,400	15,118	56,187	62,172	33,313	41,279	2,398	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	10,100	3,348	16,591	-
Impairment of other intangible assets
-	-	-	-	-	-	-	-	-	-	341	4,034
Loss accruals from litigation and regulatory matters
-	-	-	-	-	-	-	-	-	-	3,466	-
(Gains)/losses on divestitures
-	-	-	-	-	-	638	485	10,143	0	-9,183	-19,019
Stock-based compensation expense
22,700	23,200	20,600	17,536	13,796	11,351	16,144	16,201	14,173	11,987	8,969	9,034
Gain On Sale Of Held To Maturity Loans
1,105	3,777	0	0	-	-	-	-	-	-	-	-
Equity securities (gains)/losses, net
441	212,896	109	-144	-458	2,872	2,211	365	35,392	10,548	-1,178	65,349
Debt securities (gains)/losses, net
-267	52	483	1,485	1,836	0	-451	328	772	374	-	761
(Tax benefit)/benefit reversal stock-based compensation expense
-	-	-	-	-	-7,220	-1,569	-4,140	-5,771	-5,577	-5,701	-7,910
Gain (Loss) on Extinguishment of Debt
58	-15	-14,329	0	5,793	-4,166	0	0	5,761	17,060	16,412	33,845
Loss on deconsolidation of securitization trusts
-	-	-	-	-	-1,960	0	0	-	-	-	-
Net (gains)/losses on sale/disposal of fixed assets
-22,172	1,320	-6,657	-3,447	-454	-1,906	-2,213	2,540	-1,581	-3,015	-8,749	-3,218
Payment for Pension Benefits
509	353	5,100	165,000	0	0	-	-	-	-	-	-
(Gain)/loss on BOLI
4,978	4,217	9,012	2,010	-	-	-	-	-	-	-	-
Proceeds from sale of mortgage servicing rights
-	-	-	-	-	-70,204	-39,633	0	0	-	-	-
Loans held-for-sale:
Purchases and originations
2,075,042	2,345,030	2,001,708	165,887	9,731	23,960	136,147	-	-	-	-	-
Gross proceeds from settlements and sales
817,863	919,187	1,780,047	181,136	25,587	300,984	147,751	-	-	-	-	-
(Gain)/loss due to fair value adjustments and other
7,196	-19,932	6,624	155	913	48,157	-20,181	-	-	-	-	-
Loans held-for-sale
-	-	-	-	-	-	-	-11,960	38,608	-77,212	-114,153	-2,926,558
Trading securities
-1,422,617	-1,356,797	381,057	18,050	-311,210	392,806	-455,520	283,239	226,361	85,408	-181,872	-687,798
Fixed income receivables
1,253	-29,832	11,282	-6,249	21,172	-2,767	-72,517	31,598	-44,388	-188,313	-844,528	654,513
Interest receivable
-4,546	15,372	34,352	-1,627	-4,804	-1,911	-3,571	-6,007	-5,449	-8,576	-15,061	-46,314
Mortgage servicing rights - bulk sales
-	-	-	-	-	-	-	-	-	24,558	87,273	-256,323
Other assets
116,888	-32,950	-240,629	7,921	78,824	-294,139	-4,087	-186,456	19,964	-1,258	236,516	224,415
Net increase/(decrease) in:
Trading liabilities
170,201	-303,135	76,667	-4,171	-28,295	225,966	-196,081	217,144	-14,635	68,533	-66,115	-196,642
Fixed income payables
39,963	-39,424	-68,495	-2,070	4,915	-3,016	-89,156	24,434	35,918	-227,469	-822,453	529,070
Interest payable
339	15,165	5,934	-4,535	-9,124	169	-4,301	-2,386	-7,945	-6,741	-31,144	-51,765
Other liabilities
95,200	-3,980	-16,877	-36,546	-39,153	-121,862	-277,761	-223,457	-291,444	-166,797	-175,965	-16,018
Total adjustments
377,921	-322,202	-205,778	-58,520	270,081	470,662	393,004	386,904	-98,657	706,471	1,042,707	4,358,402
Net cash provided/(used) by operating activities
830,294	234,305	-28,798	179,991	367,394	704,708	431,373	371,552	43,973	768,074	784,272	4,180,431
Investing Activities
Available-for-sale securities:
Sales
191,681	20,751	936,958	444,222	69,650	7,829	63,787	47,536	495,095	528,767	18,943	157,984
Maturities
-	-	-	-	-	-	-	-	-	-	-	240
Maturities
800,147	675,526	583,014	736,956	664,335	627,487	899,591	1,085,524	810,833	1,064,905	740,452	592,776
Purchases
629,649	473,205	1,558,990	1,239,912	1,066,194	751,365	1,348,526	1,157,906	1,276,125	1,954,858	287,464	729,984
Proceeds from sale of equity investment
1,440	0	0	-	-	-	-	-	-	-	-	-
Held-to-maturity securities:
Prepayments and maturities
0	0	4,740	0	0	-	-	-	-	-	-	-
Purchases
-	-	-	-	10,000	0	0	-	-	-	-	-
Premises and equipment:
Sales
20,058	30,464	3,416	11,396	41,143	3,507	765	7,354	0	0	-	-
Purchases
49,159	47,986	53,046	62,554	39,947	31,404	27,349	21,862	35,408	42,631	21,180	23,666
Proceeds from sale of Visa Class B shares
0	240,206	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of OREO
15,824	30,824	13,468	27,135	23,253	53,046	-	-	-	-	-	-
Proceeds from sales and pay down of loans classified as held-to-maturity
20,100	50,498	0	-	-	-	-	-	-	-	-	-
Proceeds from sales of loans classified as held-to-maturity
20,100	50,498	0	0	-	-	-	-	-	-	-	-
Proceeds from BOLI
14,407	12,860	11,440	2,740	-	-	-	-	-	-	-	-
Net (increase)/decrease in:
Loans
3,570,386	-105,267	808,399	1,931,026	1,216,419	917,848	-1,464,212	489,308	-75,350	-993,700	-2,259,477	-418,985
Interests retained from securitizations classified as trading securities
-489	-800	-865	-2,429	-1,731	-1,692	-5,482	-8,736	-7,894	-10,783	-63,994	-47,336
Interest-bearing cash
795,206	-92,011	-121,434	-457,198	1,019,131	-891,670	-349,940	99,483	64,883	21,561	-331,508	-168,370
Cash paid related to divestitures
0	-27,599	0	0	-	-	-	-	-	-	-	-
Cash (paid)/received for acquisitions, net
0	46,023	336,634	0	5,087	-	-	-	-	-	-	-
Cash receipts related to divestitures
-	-	-	-	-	-	-1,638	-5,278	-24,467	0	-803	40,608
Cash received/(paid) for business combination, net
-	-	-	-	-	413,352	53,293	0	0	-	-	-
Net cash provided/(used) by investing activities
-2,389,842	480,372	-1,324,602	-2,465,812	-518,404	-1,485,374	762,953	-415,165	166,989	622,227	2,443,517	254,693
Financing Activities
Common stock:
Stock options exercised
9,665	4,482	6,132	22,479	7,219	1,864	651	144	0	93	3	511
Cash dividends paid
171,076	138,706	79,904	63,504	53,947	47,366	38,229	10,066	7,944	0	-	120,575
Repurchase of shares
134,813	104,768	5,554	97,396	32,648	43,579	91,533	133,757	45,111	1,345	392	303
Issuance of common shares
-	-	-	-	-	-	-	-	-	263,103	-	659,656
Repurchase of common stock warrant - CPP
-	-	-	-	-	-	-	-	79,700	0	-	-
Issuance of preferred equity and common stock warrant - CPP
-	-	-	-	-	-	-	-	-	-	-	866,540
Tax benefit/(benefit reversal) stock-based compensation expense
-	-	-	-	-	-7,220	-1,569	-4,140	-5,771	-5,577	-5,701	-7,910
Preferred stock issuance
-	-	-	-	-	-	95,624	0	0	-	-	-
Cash dividends paid - preferred stock - noncontrolling interest
11,465	11,465	11,434	11,434	11,559	11,465	11,465	11,406	11,375	11,406	12,741	14,459
Repayment of preferred equity - CPP
-	-	-	-	-	-	-	-	-	866,540	-	-
Cash dividends paid - Series A preferred stock
6,200	6,200	6,200	6,200	6,200	6,200	4,288	0	0	47,780	43,447	-
Term borrowings:
Issuance
0	0	121,184	100	495,555	396,393	0	2,699	15,301	496,345	-	25,002
Payments/maturities
405,562	69,025	147,413	267,527	1,026,708	23,572	430,088	234,209	695,936	288,260	1,600,613	1,969,207
Increases in restricted and secured term borrowings
-9,635	-20,477	-7,960	0	0	-2,310	-5,052	-7,595	-10,318	-8,537	-	-
Net cash paid to deconsolidate/collapse securitization trusts
-	-	-	-	-	225,151	0	0	-	-	-	-
Net cash paid for extinguishment of debt
-	-	-	-	-	-	-	-	100,000	87,840	201,858	244,928
Net increase/(decrease) in:
Repurchase of preferred stock of subsidiary
-	-	-	-	-	-	-	-	-	-	-	112
Deposits
-253,459	2,092,519	-197,158	2,705,757	1,555,280	898,232	-258,184	416,700	1,004,778	341,016	625,432	-2,321,483
Short-term borrowings
2,384,391	-2,548,712	2,080,039	10,277	-816,324	89,916	-738,650	288,060	-236,041	-1,340,468	-2,394,657	-2,242,791
Net cash provided/(used) by financing activities
1,421,116	-761,398	1,767,652	2,292,552	110,668	1,024,162	-1,472,679	321,620	-151,481	-1,540,122	-3,633,974	-5,370,059
Net increase/(decrease) in cash and cash equivalents
-138,432	-46,721	414,252	6,731	-40,342	243,496	-278,353	278,007	59,481	-149,821	-406,185	-934,935
Supplemental Disclosures
Total interest paid
410,883	307,578	140,373	92,456	90,722	81,151	97,387	111,033	138,925	155,943	246,832	761,130
Total taxes paid
70,505	42,817	54,417	11,609	14,990	77,779	5,437	33,112	16,399	-	109,242	336,681
Total taxes refunded
27,889	48,455	8,285	3,950	33,909	3,947	26,113	169,396	81,235	77,736	-	-
Transfer from loans to OREO
8,996	12,106	6,624	10,317	16,728	23,566	23,340	33,558	63,932	180,506	217,733	51,841
Transfer from loans HFS to trading securities
1,321,145	1,389,420	1,004,416	0	-	-	-	-	-	-	-	-
Transfer from loans to loans HFS
31,465	0	0	-	-	-	-	-	-	-	-	-