THE FIRST OF LONG ISLAND CORPORATION FLIC Cash Flow

The first of long island corporation (FLIC)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows From Operating Activities:
Net income
39,862	41,555	42,458	41,732	41,303	41,573	39,049	38,334	37,152	35,122	35,074	33,730	32,326	30,880	29,980	28,493	27,040	25,890	24,731	24,274	23,542	23,014	22,730	21,855	21,618	21,300	21,176	20,784	20,881	20,393	20,070	20,569	19,838	19,457	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for loan losses
2,848	33	-2,023	-4,105	-3,724	-1,755	2,198	5,088	5,578	4,854	5,173	5,169	4,015	3,480	3,425	3,356	4,159	4,317	3,447	3,619	3,659	3,189	3,306	3,165	3,130	2,997	2,560	2,637	2,313	3,628	4,327	3,924	4,330	4,061	0	0	0
Provision for deferred income taxes
-405	-1,212	-280	1,862	2,212	-1,601	621	-2,040	-2,832	1,114	-163	291	1,061	1,233	-424	-707	-314	-881	-789	-345	-253	-594	-747	-556	-1,079	-801	1,747	2,097	2,816	2,835	1,035	1,460	900	743	0	0	0
Depreciation and amortization of premises and equipment
4,105	4,078	4,043	4,093	4,138	4,068	4,058	3,894	3,697	3,604	3,398	3,342	3,195	3,219	3,157	3,060	3,070	3,013	2,985	2,955	2,900	2,855	2,816	2,846	2,859	2,824	2,848	2,807	2,792	2,816	2,742	2,723	2,694	2,667	0	0	0
Amortization of right of use asset - operating leases
2,165	2,140	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premium amortization on investment securities, net
-1,287	-1,264	-1,205	-1,335	-1,532	-1,714	-2,133	-2,402	-2,673	-3,045	-3,360	-3,730	-3,920	-4,002	-3,993	-3,931	-4,195	-4,632	-5,092	-5,543	-5,956	-6,435	-7,038	-7,614	-8,267	-8,664	-8,817	-8,833	-8,924	-8,981	-8,576	-7,929	-6,636	-5,396	0	0	0
Net (gain) loss on sales of securities
-	-	-	-	-	-	-	-	-	-	-	82	1,925	1,868	0	0	0	-	-	-	-	141	153	130	81	16	4	4	3,509	3,613	3,629	3,629	124	138	0	0	0
Net loss on sales of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-75	0	0	0
Stock-based compensation expense
2,006	3,050	2,352	2,221	1,981	1,814	2,035	2,364	2,815	2,434	2,126	1,934	1,756	1,517	1,582	1,487	1,387	1,319	1,671	1,644	1,602	1,511	1,075	987	805	592	583	599	676	782	806	775	775	756	0	0	0
Common stock issued in lieu of cash for director fees
-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of cash surrender value on bank-owned life insurance
2,220	2,194	2,178	2,196	2,181	2,134	2,000	1,848	1,707	1,568	1,380	1,210	1,047	932	923	899	883	879	795	707	619	520	524	523	522	520	514	512	511	500	496	493	493	502	0	0	0
Pension expense (credit)
238	404	223	42	-138	-319	-269	-218	-169	-118	1,435	1,468	1,511	1,536	135	253	363	489	486	481	476	471	245	22	-202	-425	5,532	5,464	5,396	5,328	3,487	3,470	3,453	3,436	0	0	0
Decrease in prepaid FDIC assessment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	0	0	0
Decrease in other liabilities
-3,024	-38	-553	-262	2,099	4,002	3,132	3,976	-2,071	1,031	-889	-676	3,035	-3,313	-3,821	-3,363	-3,980	-1,117	244	78	157	-155	-132	1	1,697	2,885	2,823	2,507	866	555	976	599	1,618	1,439	0	0	0
Other increases in assets
-696	-921	-1,676	824	-639	-2,782	2,757	332	-140	4,212	1,848	1,427	3,989	2,849	543	1,142	1,074	-107	979	112	390	-626	-885	135	-1,316	-1,336	-421	-1,064	-1,074	-688	-2,212	-1,100	393	957	0	0	0
Net cash provided by operating activities
47,544	49,987	52,830	54,217	57,597	59,374	55,106	53,548	47,202	47,172	43,279	43,219	42,542	35,589	35,916	33,707	33,002	35,672	35,318	36,393	36,065	35,808	35,864	35,166	37,974	39,686	34,895	35,318	34,718	35,021	36,145	34,744	32,223	29,561	0	0	0
Cash Flows From Investing Activities:
Available-for-sale securities:
Proceeds from sales
-	-	-	-	-	-	-	-	-	135,695	49,077	61,069	102,058	62,047	0	0	0	-	-	-	-	3,390	3,794	3,724	3,057	1,780	1,376	1,376	98,955	102,687	102,927	102,927	5,348	4,610	0	0	0
Proceeds from maturities and redemptions
151,307	151,214	104,501	87,881	76,354	74,639	79,657	81,637	83,273	100,994	113,043	118,771	120,870	108,486	95,568	95,360	104,266	106,900	115,542	113,496	103,207	101,991	102,078	109,381	124,175	137,256	146,609	141,515	140,727	136,518	135,734	134,452	122,827	122,620	0	0	0
Purchases
103,295	95,905	106,104	278,644	276,740	397,174	445,107	262,549	261,179	144,885	68,414	83,417	208,557	267,329	244,816	284,293	202,206	146,661	150,032	84,650	83,052	83,159	85,102	96,008	76,306	148,193	208,963	208,097	184,036	169,171	189,224	298,362	388,008	338,586	0	0	0
Held-to-maturity securities:
Proceeds from sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,423	2,423	1,983	1,227	722	722	722	722	0	0	0	0	-	-	-	-
Proceeds from maturities and redemptions
-	3,184	4,561	3,246	4,572	5,240	5,453	5,514	5,812	6,089	5,068	4,700	4,841	4,322	4,575	5,264	5,303	5,479	6,893	7,919	7,332	8,840	9,992	10,390	12,160	12,120	12,286	13,974	15,410	18,427	20,790	22,320	23,390	25,073	0	0	0
Purchases
-	-	-	-	-	3,059	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	814	659	799	516	689	619	759	626	400	389	519	519	472	0	0	0
Proceeds from sales of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	544	100	1,276	1,276	1,176	1,176	2,025	2,365	3,265	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of loans, loans held-for-sale and other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	427	0	0	0	-	-	-	-	-	-	-	-
Net decrease in loans
-129,187	-73,568	-22,009	-29,912	121,729	315,389	392,305	487,795	466,807	411,908	393,625	421,598	367,269	298,361	342,311	382,461	427,302	444,927	445,205	404,144	397,097	329,898	246,210	300,080	326,733	332,651	285,519	201,549	149,672	164,000	169,584	128,795	79,342	85,013	0	0	0
Proceeds from sale of other real estate owned
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in restricted stock
813	-9,787	-7,807	-8,775	-3,773	3,372	9,260	6,129	4,001	5,551	1,575	7,456	8,691	3,328	5,932	4,296	913	5,131	3,495	-265	3,760	3,435	-210	6,104	2,805	6,765	8,475	2,962	955	820	1,181	1,969	4,625	4,129	0	0	0
Purchases of premises and equipment, net
2,717	2,875	4,623	4,800	5,199	5,687	6,890	8,339	9,030	8,891	8,388	7,469	6,896	7,250	5,725	5,567	5,719	5,489	4,992	5,833	5,902	6,239	5,667	4,614	3,857	3,016	3,999	4,353	4,182	5,570	4,691	4,248	5,151	3,634	0	0	0
Purchases of bank-owned life insurance
-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
196,841	159,347	125,198	112,605	-53,339	-391,326	-530,241	-598,673	-573,712	-355,708	-331,141	-361,212	-389,092	-401,761	-430,575	-527,809	-453,448	-416,806	-432,517	-322,816	-392,551	-320,499	-215,869	-280,880	-268,271	-339,009	-345,577	-259,028	-82,729	-81,401	-105,268	-172,409	-324,545	-277,996	0	0	0
Cash Flows From Financing Activities:
Net increase in deposits
-133,372	59,044	66,314	79,681	103,560	262,975	300,171	418,290	456,055	213,280	235,454	190,753	191,591	324,042	320,312	416,190	424,281	299,650	347,511	299,818	263,718	202,897	173,466	142,531	202,500	149,052	178,313	205,074	104,319	130,208	101,265	112,136	204,775	209,930	0	0	0
Net decrease in short-term borrowings
-74,577	-198,213	-140,551	-154,745	-37,601	107,782	200,257	119,890	33,293	74,129	-9,603	78,351	127,674	-4,490	38,422	21,208	2,632	75,016	-1,629	-35,307	-600	26,023	-67,118	-7,766	-95,702	6,829	108,592	43,233	7,781	1,407	670	22,429	79,519	40,637	0	0	0
Proceeds from long-term debt
154,500	48,945	48,945	48,945	14,445	39,680	44,665	69,265	100,315	71,635	66,650	62,050	31,000	43,500	52,350	63,100	75,487	94,212	135,362	104,612	92,225	60,000	64,000	124,000	150,000	140,000	0	0	0	-	-	-	-	-	-	-	-
Repayment of long-term debt
68,500	73,500	91,500	103,000	85,000	101,450	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,000	0	0	0
Proceeds from issuance of common stock, net of shares withheld
-327	1,420	2,384	3,357	11,265	17,777	24,833	30,403	26,423	22,988	18,418	13,990	46,167	43,712	42,052	40,597	4,668	3,870	2,786	2,502	1,699	2,185	2,230	2,223	2,275	2,167	2,183	2,125	2,545	2,006	1,443	942	470	0	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	0	0	877	-	732	1,040	822	906	961	874	680	707	813	911	886	1,055	1,083	1,065	1,165	1,418	1,521	1,988	2,330	2,603	2,309	1,975	1,619	1,279	0	0	0
Shares withheld upon the vesting and conversion of RSUs
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit from stock compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	242	249	254	162	138	107	94	135	151	133	162	139	0	0	0
Repurchase of common stock
28,777	38,171	0	0	0	-	-	-	-	-	0	0	527	-	370	370	370	287	452	452	452	286	121	121	121	95	208	302	302	369	288	194	194	185	0	0	0
Cash dividends paid
17,141	17,249	17,213	16,828	20,582	15,585	14,918	14,490	14,090	13,703	13,340	13,080	12,575	12,078	11,594	11,138	10,941	10,759	10,532	10,263	7,613	9,736	9,524	9,405	9,402	6,904	9,022	8,801	10,843	10,602	8,135	8,013	7,897	7,790	0	0	0
Net cash used in financing activities
-168,194	-217,724	-164,602	-164,792	-30,159	309,638	485,717	555,601	548,261	341,279	278,884	323,677	352,396	363,466	410,153	498,541	421,695	387,825	399,311	287,255	349,878	282,138	164,258	252,776	250,969	292,629	317,517	221,924	39,612	59,076	81,103	113,596	298,954	259,510	0	0	0
Net increase (decrease) increase in cash and cash equivalents
76,191	-8,390	13,426	2,030	-25,901	-22,314	10,582	10,476	21,751	32,743	-8,978	5,684	5,846	-2,706	15,494	4,439	1,249	6,691	2,112	832	-6,608	-2,553	-15,747	7,062	20,672	-6,694	6,835	-1,786	-8,399	12,696	11,980	-24,069	6,632	11,075	0	0	0
Supplemental Cash Flow Disclosures:
Cash paid for interest
42,430	43,520	43,174	41,694	39,079	35,274	31,236	27,257	23,764	21,545	20,198	19,118	18,604	21,158	22,229	21,900	21,628	18,361	16,619	16,004	15,423	15,683	14,886	13,983	12,802	10,905	11,317	12,098	13,620	15,378	16,104	16,823	16,630	16,397	0	0	0
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	12,838	12,688	10,082	8,572	9,006	8,161	8,387	8,184	8,065	7,581	7,408	6,331	6,200	6,442	6,666	6,645	6,325	4,450	3,447	2,635	2,874	3,311	3,772	4,017	4,116	0	0	0
Operating cash flows from operating leases
2,492	2,547	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease liabilities
966	16,483	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans transferred from portfolio to held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,200	3,100	3,100	1,300	1,325	425	975	1,075	900	900	350	860	610	0	0	0