FULTON FINANCIAL CORP FULT Cash Flow

Fulton financial corp (FULT)

CashFlow / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income
26,047	47,789	62,108	59,779	56,663	58,083	65,633	35,197	49,480	34,001	48,905	45,467	43,380	42,150	41,468	39,750	38,257	38,535	34,251	36,680	40,036	37,949	38,566	39,596	41,783	42,083	39,948	40,582	39,227	40,240	41,582	39,891	38,132	36,079	39,324	36,385	33,785	31,490	37,680	31,682	27,480
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Provision for credit losses
44,030	20,505	2,170	5,025	5,100	8,193	1,620	33,117	3,970	6,730	5,075	6,700	4,800	5,000	4,141	2,511	1,530	2,750	1,000	2,200	-3,700	3,000	3,500	3,500	2,500	2,500	9,500	13,500	15,000	17,500	23,000	25,500	28,000	30,000	31,000	36,000	38,000	40,000	40,000	40,000	40,000
Depreciation and amortization of premises and equipment
7,161	7,216	7,060	7,036	6,888	6,733	6,843	7,251	7,329	7,083	7,039	6,942	7,032	6,856	6,743	6,855	6,949	7,303	6,382	6,559	7,361	6,143	6,058	5,725	6,629	6,746	6,588	6,406	6,171	5,840	5,890	5,518	5,327	5,257	5,362	5,358	5,104	5,106	5,110	5,098	5,163
Amortization of TCI
-7,619	-8,202	-8,297	-8,156	-8,155	-13,513	-8,364	-8,365	-8,364	-9,068	-10,185	-8,804	-9,128	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net amortization of investment securities premiums
-2,707	-2,526	-2,502	-2,284	-2,075	-3,144	-1,297	-2,339	-2,517	-2,695	-2,637	-2,359	-2,416	-2,996	-2,787	-2,592	-2,055	-1,961	-2,081	-1,857	-1,431	-721	-1,491	-1,473	-1,435	-1,253	-2,650	-2,253	-3,846	-4,112	-2,788	-2,402	-2,849	-3,426	-597	-295	-1,704	-2,262	-1,729	-385	-802
Investment securities gains, net
46	0	4,492	176	65	0	14	4	19	1,932	4,597	1,436	1,106	1,525	2	76	947	776	1,730	2,415	4,145	848	81	1,112	0	33	2,633	2,865	2,473	195	42	1,538	1,251	3,054	-443	-335	2,285	194	1,826	904	-2,223
Gain on sales of mortgage loans held for sale
6,181	4,060	5,520	5,180	3,122	2,863	3,659	3,854	2,645	2,914	3,560	3,488	3,074	3,718	4,857	4,440	2,670	2,676	2,627	4,428	3,533	6,202	-10,867	11,662	3,066	53,235	-21,636	-2,136	-4,854	7,842	14,071	1,278	23,119	42,593	16,421	16,230	-53,037	9,663	9,736	39,706	-31,586
Proceeds from sales of mortgage loans held for sale
195,649	244,411	297,008	232,567	142,739	187,195	229,162	208,706	170,693	173,473	187,676	167,834	115,417	215,859	188,941	190,261	114,255	158,293	192,854	235,652	171,051	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Originations of mortgage loans held for sale
192,285	244,234	279,679	245,373	140,286	183,906	217,130	217,300	159,968	179,040	173,801	172,927	108,429	213,002	177,590	200,432	114,418	145,566	183,184	231,080	184,120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Intangible Assets
132	142	1,071	107	107	0	0	0	0	-	-	-	-	-	-	-	-	6	5	106	130	315	314	315	315	835	534	535	534	713	756	761	801	954	953	1,172	1,178	1,292	1,293	1,341	1,314
Amortization of issuance costs and discounts on long-term debt
250	210	211	210	211	207	207	205	194	227	236	214	168	270	154	39	154	150	153	132	147	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based Payment Arrangement, Expense
1,619	1,955	2,110	1,788	1,560	1,958	1,823	2,674	1,510	1,870	1,570	1,035	734	1,748	1,552	1,820	1,436	1,567	1,533	1,767	1,071	1,555	1,288	1,989	1,033	1,144	979	2,360	847	871	913	2,337	713	776	2,372	554	547	568	817	318	293
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	906	30	18	10	115	23	48	15	27	2	27	25	65	89	60	88	14	11	11	3	0	0	0	0	-	-	-	-
Increase in accrued interest receivable
-	-	-	-	-	-	-	2,148	150	-	2,479	1,248	61	2,694	284	-1,063	1,612	-79	1,653	-1,023	398	-1,726	1,428	-1,260	-661	-678	-998	-1,772	1,699	-3,998	1,501	-2,964	149	-1,362	1,073	-1,491	-963	-1,326	404	-3,926	174
Other changes, net
133,579	-	-22,256	176,062	41,754	-	8,889	3,764	6,923	-	-54,533	40,028	4,514	44,847	-9,193	13,799	4,469	12,061	21,107	-6,387	-3,794	21,710	-1,130	10,310	-7,271	-107	-15,282	-14,773	-7,074	-2,835	-9,470	-3,534	48	-18,982	9,356	-8,329	-14,626	-251	9,168	4,456	-4,200
Increase in accrued interest payable
-	-	-	-	-	-	-	-1,388	364	-	2,764	-4,702	2,874	-4,013	5,309	-5,231	2,843	-4,003	-445	-3,185	312	620	778	-325	1,754	-1,439	-1,051	-3,685	2,063	-2,488	-1,907	-3,949	1,988	-1,992	-1,766	-4,948	1,059	-2,069	-7,890	-5,955	2,651
Increase (Decrease) in Other Operating Liabilities
-	-	-	-	-	-	-	-6,388	-2,890	-12,426	-8,341	2,359	1,039	43,029	-7,805	19,111	-9,245	-16,676	24,926	-4,556	1,234	6,837	-8,961	3,464	182	-5,137	-13,425	931	-11,713	-1,317	-4,741	-5,164	7,714	435	-7,296	-5,204	-6,362	-7,412	-20,763	-3,132	6,368
Total adjustments
-72,924	36,390	-97,422	-19,202	-18,392	6,046	32,224	27,811	22,346	38,226	78,937	-27,582	26,424	40,089	28,252	256	-4,149	3,660	23,791	9,971	-9,380	24,882	14,954	-5,710	18,689	36,336	40,969	38,056	24,416	60,225	20,544	31,076	22,822	86,083	4,815	27,152	107,571	65,974	-838	-3,085	94,426
Net cash (used in) provided by operating activities
-46,877	84,179	-35,314	40,577	38,271	64,129	97,857	63,008	71,826	72,227	127,842	17,885	69,804	82,239	69,720	40,006	34,108	42,195	58,042	46,651	30,656	62,831	53,520	33,886	60,472	78,419	80,917	78,638	63,643	100,465	62,126	70,967	60,954	122,162	44,139	63,537	141,356	97,464	36,842	28,597	121,906
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities AFS
59,894	13,105	413,682	246,292	37,660	0	5,907	47,287	1,444	140,249	14,967	20,783	8,735	30,866	6	38,431	46,541	37,171	10,494	7,248	11,567	17,008	30	2,641	12,548	-1,133	95,328	116,035	56,896	19,163	14,735	27,119	183,685	8,131	3,323	5,284	411,196	68,303	124,827	187,044	89,647
Proceeds from principal repayments and maturities of securities HTM
19,758	20,801	22,262	21,371	18,687	20,425	15,475	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	30	35	-	107	46	75	66	228	68	92	192	155	110	117
Proceeds from principal repayments and maturities of securities AFS
61,408	65,322	56,226	62,057	51,097	53,057	67,483	91,991	78,150	96,585	95,300	127,764	98,024	131,922	144,100	165,611	117,221	121,720	112,193	99,973	105,647	143,871	99,069	95,574	79,045	111,458	144,586	181,897	199,910	234,320	272,879	193,321	177,855	226,696	160,634	118,085	161,756	206,578	179,673	220,160	167,992
Purchase of securities AFS
390,936	299,436	300,005	395,041	143,588	99,150	153,086	144,769	161,944	240,352	186,491	108,648	49,430	298,601	128,944	185,784	169,436	239,728	97,789	309,180	37,142	93	103,724	49,252	11,700	84,990	44,221	312,481	334,660	330,738	194,014	62,859	539,783	367,586	260,263	74,179	282,144	487,002	221,823	169,579	76,296
Purchase of securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	332	0	14	1	14	6	8	21	72	38	84
Purchase of FRB and FHLB stock
21,567	2,865	-2,691	11,715	6,250	13,357	-789	9,816	-3,862	-373,424	304,851	12,710	59,135	-141,177	20,880	26	115,544	-287,404	192,596	-316,343	280,584	45,504	72,061	-1,544	58,901	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-73,275	-	83,837	12,241	-69,109	-94,957	131,393	41,674	49,996	-160,124	-240,266	425,845	-8,749
Net increase in loans
250,993	178,074	324,570	104,281	101,123	247,323	135,165	133,289	-67,928	286,743	145,606	387,789	267,383	306,878	240,159	287,926	38,976	302,974	293,189	141,130	6,362	89,488	196,728	114,783	-40,017	15,432	149,769	285,531	249,229	239,040	-24,807	71,432	16,821	116,072	73,980	17,806	-17,757	32,065	42,737	7,421	20,715
Net change in tax credit investments
4,023	9,918	1,104	11,332	11,363	10,026	7,884	7,133	14,840	8,334	11,032	8,329	5,397	-3,347	5,891	7,659	9,471	7,133	5,293	7,112	7,575	7,729	5,331	5,246	6,255	5,468	9,469	4,070	5,202	7,792	9,578	11,845	8,809	11,361	4,355	4,165	5,458	9,121	3,812	6,248	5,109
Net cash paid for acquisition
0	1,267	0	0	3,907	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in tax credit investments
128	4,045	3,623	3,089	8,003	9,637	8,552	17,761	20,783	7,848	8,359	7,442	5,283	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in by investing activities
-526,587	-396,377	-134,441	-195,738	-166,790	-306,011	-215,033	-173,490	-46,183	66,981	-546,072	-376,371	-279,869	-338,830	-251,768	-277,353	-169,665	-103,540	-466,180	-33,858	-214,449	18,065	-278,745	-69,522	54,754	65,112	-47,050	-357,834	-258,975	-272,313	24,767	62,109	-134,703	-165,170	-305,820	-14,393	253,195	-93,012	276,477	-201,817	164,301
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in demand and savings deposits
-34,866	221,479	856,957	-120,814	-108,185	93,792	607,378	13,328	-278,626	-232,172	663,368	238,981	112,348	111,458	678,243	-67,347	269,899	118,701	646,710	34,879	171,022	-46,188	664,589	10,297	94,093	-123,283	540,664	35,719	19,339	69,463	520,514	35,079	-45,297	25,740	499,581	19,003	210,068	81,757	369,181	309,066	214,562
Net increase in time deposits
5,979	-170,283	96,865	131,731	110,004	33,353	41,837	109,368	-41,803	-112,076	121,051	28,036	-34,868	-51,073	-18,328	-44,369	2,064	-70,778	-68,025	-43,667	-24,031	80,067	-24,621	13,445	84,638	-106,652	-77,352	-166,370	-115,042	-195,660	-155,647	-141,924	-137,381	-136,409	-124,852	-164,718	-190,039	-261,293	-146,536	-120,049	-156,021
Net increase in short-term borrowings
503,567	50,381	-355,530	359,374	74,239	269,212	-498,268	45,981	320,328	318,773	-396,108	241,542	-88,000	277,275	-458,172	369,331	-144,780	66,032	22,596	-1,070	80,386	-235,233	-443,355	-61,377	-188,945	60,052	-421,741	493,352	258,567	381,428	-444,710	-32,869	367,517	148,078	-97,626	132,183	-259,679	202,996	12,747	-166,316	-244,290
Additions to long-term debt
496,461	180,000	200,000	30,000	75,000	0	0	50,000	0	0	0	-124	223,375	199,884	0	0	16,000	0	199,679	148,099	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,900	0	45,000
Repayments of long-term debt
13	24,859	461,065	108,106	2,026	43	41	40	100,041	39	39	100,038	15,037	236,037	420	141	42	30,041	354,888	110,107	45,043	1,326	106	5,066	123	5,538	45	44	5,042	20,070	186	25,172	106,168	10,665	32	10,152	83,761	80,063	169,075	75,067	145,018
Net proceeds from issuance of common stock
2,001	2,549	2,160	-4	1,657	1,987	2,293	-335	2,790	1,501	2,167	139	4,731	10,699	2,148	1,683	1,637	3,755	2,220	2,706	1,926	2,790	1,393	1,866	2,152	2,814	2,595	1,880	2,647	1,920	1,942	1,781	1,362	1,987	1,772	1,845	1,231	1,271	1,232	227,758	1,249
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	906	30	18	10	115	23	48	15	27	2	27	25	65	89	60	88	14	11	11	3	0	0	0	0	-	-	-	-
Dividends paid
21,348	27,891	21,759	22,088	20,592	28,115	21,161	21,049	19,329	24,513	19,241	19,211	17,403	20,792	17,312	15,602	15,676	19,122	15,842	16,083	14,314	18,390	15,117	15,108	15,413	15,387	15,493	15,645	0	31,855	14,061	14,046	12,010	9,995	9,983	7,967	5,972	5,966	9,039	10,001	9,997
Acquisition of treasury stock
39,748	0	48,071	57,509	5,877	95,308	0	0	0	-	-	-	-	0	2,291	5,058	11,196	0	30,987	19,013	0	80,000	45,451	0	49,804	0	19,590	24,291	47,046	-1	20,360	0	0	-	-	-	-	-	-	-	-
Net cash provided by financing activities
912,033	231,376	269,557	212,584	124,220	274,878	132,038	197,253	-116,681	-48,526	371,198	389,325	185,146	292,320	183,898	238,515	117,916	68,662	401,486	-4,208	169,961	-196,140	187,334	34,084	-73,377	-187,929	9,127	324,661	113,511	210,941	-112,497	-177,140	68,026	43,736	268,860	-29,806	-328,152	-61,298	-325,890	165,391	-294,515
Net Increase (Decrease) in Cash and Cash Equivalents
338,569	-80,822	99,802	57,423	-4,299	32,996	14,862	86,771	-91,038	90,682	-47,032	30,839	-24,919	35,729	1,850	1,168	-17,641	7,317	-6,652	8,585	-13,832	-115,244	-37,891	-1,552	41,849	-44,398	42,994	45,465	-81,821	39,093	-25,604	-44,064	-5,723	728	7,179	19,338	66,399	-56,846	-12,571	-7,829	-8,308
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for:
Interest
36,576	43,677	46,749	47,491	40,695	38,287	31,063	31,491	26,005	26,825	21,938	27,020	18,034	24,788	15,594	25,624	17,414	23,764	20,979	24,494	21,879	20,936	19,646	20,329	17,473	20,944	21,350	24,698	19,615	25,826	27,086	30,404	26,208	32,866	34,009	39,238	35,072	42,925	53,060	54,477	49,428
Income taxes
1,072	1,227	3,034	3,447	1,485	5,369	2,384	5,640	154	-1,344	865	6,900	116	6,789	317	5,115	3,972	4,210	-1,883	10,905	146	146	225	15,776	631	2,641	5,628	19,250	5,086	8,314	25	18,477	4,169	-296	13,747	7,324	145	1,827	16,979	24,002	37