FULTON FINANCIAL CORP FULT Cash Flow

Fulton financial corp (FULT)

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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income
226,339	208,393	171,753	161,625	149,502	157,894	161,840	159,845	145,573	128,332	73,924	-5,617
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Provision for credit losses
32,800	46,900	23,305	13,182	2,250	12,500	40,500	94,000	135,000	160,000	190,020	119,626
Depreciation and amortization of premises and equipment
28,200	28,156	28,096	27,403	27,605	24,555	25,911	22,575	21,081	20,477	20,601	19,693
Amortization of TCI
-32,810	-38,606	-37,185	-23,982	-	-	-	-	-	-	-	-
Net amortization of investment securities premiums
-9,387	-9,297	-10,107	-10,430	-7,330	-5,120	-10,002	-12,151	-6,022	-5,178	-1,706	-290
Deferred income tax (benefit) expense
-165	-15,749	24,896	11,054	13,424	18,523	11,825	17,007	4,378	5,544	-20,432	-52,483
Re-measurement of net deferred tax asset
0	-809	15,635	0	0	-	-	-	-	-	-	-
Investment securities gains, net
4,733	37	9,071	2,550	9,066	2,041	8,004	3,026	4,561	701	1,079	-58,241
Gain on sales of mortgage loans held for sale
17,882	13,021	13,036	15,685	13,264	10,063	24,609	46,310	22,207	27,519	22,644	10,332
Proceeds from sales of mortgage loans held for sale
916,725	795,756	644,400	709,316	757,850	654,654	1,424,896	1,825,562	1,228,668	1,588,489	2,154,779	658,437
Originations of mortgage loans held for sale
909,572	778,304	634,197	705,442	743,950	640,762	1,353,739	1,800,142	1,160,516	1,559,526	2,121,679	655,459
Amortization of Intangible Assets
1,427	0	0	-	247	1,259	2,438	3,031	4,257	5,240	5,747	7,162
Amortization of issuance costs and discounts on long-term debt
842	813	845	617	582	-337	-	6,215	0	0	-	-
Share-based Payment Arrangement, Expense
7,413	7,965	5,209	6,556	5,938	5,865	5,330	4,834	4,249	1,996	1,781	2,058
Excess tax benefits from stock-based compensation
-	-	-	964	201	81	302	39	0	0	-	-
Increase in accrued interest receivable
-	-	-	3,527	949	-2,219	-1,749	-5,312	-2,743	-4,674	-51	-14,869
Loss on redemption of trust preferred securities
-	-	-	-	5,626	0	0	-	-	-	-	-
Gain on sale of credit card portfolio
-	-	-	-	-	-	-	-	-	-	-	13,910
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	90,000
Other changes, net
-	-	-	53,922	22,987	23,619	-37,236	-15,791	-32,581	9,173	83,777	3,825
Increase in accrued interest payable
-	-	-	-1,092	-7,321	2,827	-4,112	-6,356	-7,647	-13,263	-7,082	-15,560
Increase (Decrease) in Other Operating Liabilities
-195,903	-31,153	-17,369	45,090	4,928	1,522	-29,344	-3,508	-18,427	-24,939	-9,334	-18,444
Total adjustments
-98,626	88,427	116,005	64,448	28,042	52,815	139,777	134,667	225,621	156,477	108,658	200,363
Net cash (used in) provided by operating activities
127,713	296,820	287,758	226,073	177,544	210,709	301,617	294,512	371,194	284,809	182,582	194,746
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities AFS
710,739	54,638	184,734	115,844	66,480	32,227	267,126	244,702	427,934	469,821	689,432	740,353
Proceeds from principal repayments and maturities of securities HTM
83,121	35,900	0	0	-	-	-	-	454	574	4,231	6,644
Proceeds from principal repayments and maturities of securities AFS
234,702	290,681	417,673	558,854	439,533	417,559	637,851	878,375	667,171	774,403	789,301	631,324
Purchase of securities AFS
1,138,070	558,949	584,921	782,765	683,839	164,769	776,352	1,127,394	984,172	954,700	2,002,888	983,713
Proceeds from sale of credit card portfolio
-	-	-	-	-	-	-	-	-	-	-	100,516
Purchase of securities held to maturity
-	-	-	-	-	-	-	-	29	215	3,528	6,038
Purchase of FRB and FHLB stock
18,139	18,522	3,272	-4,727	-130,567	174,922	3,202	-12,853	-	-	-	-
Net cash received from sale of Global Exchange
-	-	-	-	-	-	-	11,834	0	0	-	-
Decrease in short-term investments
-	-	-	-	-	-	-	-	128,106	16,706	-5,119	557
Net increase in loans
708,048	447,849	1,087,521	873,939	743,655	360,982	699,961	302,486	190,101	102,938	42,408	961,002
Net change in tax credit investments
33,717	39,883	33,092	19,674	27,113	24,561	24,209	38,024	25,339	24,290	22,147	29,054
Net cash paid for acquisition
5,174	0	0	-	-	-	-	-	-	-	-	-
Net change in tax credit investments
18,760	56,733	28,932	40,663	-	-	-	-	-	-	-	-
Net cash used in by investing activities
-893,346	-740,717	-1,135,331	-1,037,616	-818,027	-275,448	-598,747	-320,140	-232,188	145,949	-582,888	-501,527
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in demand and savings deposits
849,437	435,872	782,525	992,253	971,312	722,791	472,439	579,759	754,392	974,566	1,330,250	-115,100
Net increase in time deposits
168,317	142,755	2,143	-111,706	-206,501	153,529	-465,416	-630,612	-616,018	-683,899	215,748	561,571
Net increase in short-term borrowings
128,464	137,253	76,207	43,654	167,944	-928,910	390,230	271,366	-77,044	-194,863	-893,830	-621,174
Additions to long-term debt
485,000	50,000	223,251	215,884	347,778	262,113	0	5,700	25,000	47,900	0	344,690
Repayments of long-term debt
596,056	100,165	115,153	236,640	540,079	6,621	10,669	151,596	104,610	469,223	247,024	199,026
Redemption of preferred stock and common stock warrant
-	-	-	-	-	-	-	-	-	387,300	0	376,500
Net proceeds from issuance of common stock
6,362	6,735	8,538	16,167	10,607	8,201	9,936	7,005	6,835	231,510	7,419	13,177
Excess tax benefits from stock-based compensation
-	-	-	964	201	81	302	39	0	0	-	-
Dividends paid
92,330	89,654	80,368	69,382	65,361	64,028	46,525	71,972	33,917	35,003	58,913	103,976
Acquisition of treasury stock
111,457	95,308	0	18,545	50,000	175,255	90,927	20,359	0	0	-	-
Deferred accelerated stock repurchase payment
-	-	-	-	-	20,000	0	0	-	-	-	-
Net cash provided by financing activities
837,737	487,488	897,143	832,649	635,901	-48,099	259,370	-10,670	-45,362	-516,312	353,650	256,662
Net Increase (Decrease) in Cash and Cash Equivalents
72,104	43,591	49,570	21,106	-4,582	-112,838	-37,760	-36,298	93,644	-85,554	-46,656	-50,119
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for:
Interest
178,612	126,846	93,817	83,420	91,116	78,384	86,607	109,524	141,185	199,890	272,595	358,906
Income taxes
9,193	13,547	6,537	16,193	13,378	16,778	32,605	30,985	20,920	42,845	22,599	80,327
Supplemental schedule of certain noncash activities
Transfer of available for sale securities to held to maturity securities
0	641,672	0	-	-	-	-	-	-	-	-	-
Transfer of available for sale securities to held to maturity securities
158,898	0	0	0	-	-	-	-	-	-	-	-