THE FIRST OF LONG ISLAND CORPORATION FLIC Cash Flow

The first of long island corporation (FLIC)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Cash Flows From Operating Activities:
Net income
41,555	41,573	35,122	30,880	25,890	23,014	21,300	20,393	19,457	18,392	13,463
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for loan losses
33	-1,755	4,854	3,480	4,317	3,189	2,997	3,628	4,061	3,973	4,285
Provision for deferred income taxes
-1,212	-1,601	1,114	1,233	-881	-594	-801	2,835	743	-612	-72
Tax benefit of stock-based compensation
-	-	-	-	-	-224	-	-	-	-	-
Depreciation and amortization of premises and equipment
4,078	4,068	3,604	3,219	3,013	2,855	2,824	2,816	2,667	2,487	2,154
Amortization of right of use asset - operating leases
2,140	-	-	-	-	-	-	-	-	-	-
Premium amortization on investment securities, net
-1,264	-1,714	-3,045	-4,002	-4,632	-6,435	-8,664	-8,981	-5,396	-4,078	-2,353
Net (gain) loss on sales of securities
14	-10,406	-1,866	1,868	1,324	141	16	3,613	138	1,719	1,428
Net gain on sale of premises and equipment
-	1,176	-	-	-	-	-	0	-	154	0
Net loss on sales of loans held-for-sale
-	-	-	-	-	165	-	28	-75	-300	0
Loss on debt extinguishment
-	-	-	-1,756	-1,084	0	-	-3,812	0	0	-
Stock-based compensation expense
3,050	1,814	2,434	1,517	1,319	1,511	592	782	756	647	681
Accretion of cash surrender value on bank-owned life insurance
2,194	2,134	1,568	932	879	520	520	500	502	496	517
Excess of proceeds over cash surrender value of bank-owned life insurance
-	-	-	-	-	0	-	-	-	-	-
Pension expense (credit)
404	-319	-118	1,536	489	471	-425	5,328	3,436	2,800	1,169
Decrease in prepaid FDIC assessment
-	-	-	-	-	-	-	-	-	-1,539	5,331
Decrease in other liabilities
-38	4,002	1,031	-3,313	-1,117	-155	2,885	555	1,439	1,326	-1,764
Other increases in assets
-921	-2,782	4,212	2,849	-107	-626	-1,336	-688	957	350	1,782
Net cash provided by operating activities
49,987	59,374	47,172	35,589	35,672	35,808	39,686	35,021	29,561	26,611	10,873
Cash Flows From Investing Activities:
Available-for-sale securities:
Proceeds from sales
21,983	263,994	135,695	62,047	69,649	3,390	1,780	102,687	4,610	78,504	50,697
Proceeds from maturities and redemptions
151,214	74,639	100,994	108,486	106,900	101,991	137,256	136,518	122,620	141,973	147,347
Purchases
95,905	397,174	144,885	267,329	146,661	83,159	148,193	169,171	338,586	245,031	452,851
Held-to-maturity securities:
Proceeds from sales
-	-	355	123	4,203	2,423	722	0	0	-	-
Proceeds from maturities and redemptions
3,184	5,240	6,089	4,322	5,479	8,840	12,120	18,427	25,073	43,103	42,608
Purchases
1,609	3,059	2,606	1,403	2,005	814	689	400	472	596	2,068
Proceeds from sales of real estate and loans held-for-sale
-	8,043	-	-	-	-	-	-	-	-	-
Proceeds from sales of loans held-for-sale
-	-	-	544	1,176	3,265	-	-	-	0	0
Proceeds from sales of loans, loans held-for-sale and other real estate owned
-	-	-	-	-	-	427	928	1,535	-	-
Net decrease in loans
-73,568	315,389	411,908	298,361	444,927	329,898	332,651	164,000	85,013	76,898	169,547
Net decrease in restricted stock
-9,787	3,372	5,551	3,328	5,131	3,435	6,765	820	4,129	-194	1,683
Purchases of bank-owned life insurance, net of proceeds
-	18,561	25,000	-388	-	-	-	-	-	-	-
Purchases of premises and equipment, net
2,875	5,687	8,891	7,250	5,489	6,239	3,016	5,570	3,634	5,086	7,651
Proceeds from bank-owned life insurance
-	-	-	-	-	0	-	-	-	-	-
Proceeds from sales of premises and equipment
-	-	-	-	-	-	-	0	-	-	-
Purchases of bank-owned life insurance
-	-	-	-	-	16,863	-	0	-	-	-
Net cash provided by investing activities
159,347	-391,326	-355,708	-401,761	-416,806	-320,499	-339,009	-81,401	-277,996	-63,837	-393,148
Cash Flows From Financing Activities:
Net increase in deposits
59,044	262,975	213,280	324,042	299,650	202,897	149,052	130,208	209,930	15,388	377,213
Net decrease in short-term borrowings
-198,213	107,782	74,129	-4,490	75,016	26,023	6,829	1,407	40,637	-49,817	-12,715
Proceeds from long-term debt
48,945	39,680	71,635	43,500	94,212	60,000	140,000	62,500	27,500	30,000	35,000
Repayment of long-term debt
73,500	101,450	27,050	31,756	74,584	0	-	128,812	12,000	0	0
Proceeds from issuance of common stock, net of shares withheld
1,420	17,777	22,988	43,712	3,870	2,185	2,167	2,006	0	32,362	0
Proceeds from exercise of stock options
-	-	-	906	707	1,055	1,418	2,603	1,279	676	901
Shares withheld upon the vesting and conversion of RSUs
-	-	-	-370	-	-	-	-	-	-	-
Tax benefit from stock compensation plans
-	-	-	-	-	-	162	135	139	39	66
Repurchase of common stock
38,171	1,541	-	-	287	286	95	369	185	91	957
Cash dividends paid
17,249	15,585	13,703	12,078	10,759	9,736	6,904	10,602	7,790	6,253	5,329
Net cash used in financing activities
-217,724	309,638	341,279	363,466	387,825	282,138	292,629	59,076	259,510	22,304	394,179
Net increase (decrease) increase in cash and cash equivalents
-8,390	-22,314	32,743	-2,706	6,691	-2,553	-6,694	12,696	11,075	-14,922	11,904
Supplemental Cash Flow Disclosures:
Cash paid for interest
43,520	35,274	21,545	21,158	18,361	15,683	10,905	15,378	16,397	15,767	-17,365
Cash paid for income taxes
8,867	2,490	12,838	9,006	8,065	6,200	6,325	2,874	4,116	6,178	-3,377
Operating cash flows from operating leases
2,547	-	-	-	-	-	-	-	-	-	-
Noncash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease liabilities
16,483	-	-	-	-	-	-	-	-	-	-
Held-to-maturity securities transferred to available-for-sale
3,949	-	-	-	-	-	-	-	-	-	-
Loans transferred from portfolio to held-for-sale
-	1,151	-	-	105	2,200	1,325	900	610	1,300	0
Additions to other real estate owned
-	-	5,850	-	-	-	-	-	-	-	-