Glacier bancorp, inc. (GBCI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating Activities
Net income

210,544

181,878

116,377

121,131

116,127

112,755

95,644

75,516

17,471

42,330

34,374

65,657

Adjustments to reconcile net income to net cash provided by operating activities:
Credit loss expense

57

9,953

10,824

2,333

2,284

1,912

6,887

21,525

64,500

84,693

124,618

28,480

Net amortization of debt securities

-12,985

-13,095

-20,026

-26,210

-26,709

-27,491

-64,066

-71,992

-38,035

17,782

73

-1,400

Net amortization (accretion) of purchase accounting adjustments

3,712

3,963

5,131

2,252

-1,264

-

-

-

-

-

-

-

Amortization of debt modification costs

4,630

1,649

471

0

0

-

-

-

-

-

-

-

Federal Home Loan Bank stock dividends

-

-

-

-

-

-

-

-

17

-23

16

-

Origination of loans held for sale

983,988

841,451

889,212

1,098,864

888,676

669,144

918,451

1,188,632

824,089

-1,086,089

1,239,862

675,280

Proceeds from loans held for sale

985,345

896,145

984,506

1,155,186

925,353

705,178

1,084,799

1,204,431

842,337

1,129,592

1,255,432

675,276

Gain on sale of loans

34,064

27,134

30,439

33,606

26,389

19,797

28,517

32,227

21,132

27,233

26,923

14,849

Gain on sale of debt securities

14,415

-1,113

-660

-1,463

19

-188

-299

0

346

4,822

5,995

-7,345

Bank-owned life insurance income, net

2,245

2,234

1,395

1,142

1,137

-

-

-

-

-

-

-

Loss on other real estate owned and writedown

-

-

-

-

-

-

-

-

-

-

-

149

Bargain purchase gain

-

-

-

-

-

680

0

0

-

-

3,482

-

Stock-based compensation, net of tax benefits

7,475

3,122

2,952

1,844

1,695

859

1,011

254

45

932

1,863

1,686

Net tax benefits from stock-based compensation

-

-

-

-

-

138

-223

-8

0

4

-75

-1,325

Depreciation and amortization of premises and equipment

18,592

16,019

14,758

15,294

14,365

12,108

10,485

10,615

10,443

10,808

10,450

9,814

Gain on sale and write-downs of other real estate owned, net

-73

-2,130

1,641

-1,217

-938

937

-1,450

-13,311

-19,727

15,937

-5,676

-

Goodwill impairment charge

-

-

-

-

-

-

-

-

40,159

0

-

-

Deferred tax (benefit) expense

-356

6,861

25,887

-82

-4,080

5,931

4,633

837

-13,308

138

-29,755

-11,032

Amortization of core deposit intangibles

8,485

6,270

2,494

2,970

2,964

2,811

2,401

2,110

2,473

3,180

3,116

3,051

Amortization of investments in variable interest entities

9,700

7,639

4,692

2,578

3,297

-

-

-

-

-

-

-

Amortization of qualified affordable housing project investments

-

-

-

-

-

1,270

-

-

-

-

-

-

Amortization of New Markets Tax Credit project investments

-

-

-

-

-

1,893

-

-

-

-

-

-

Net increase in accrued interest receivable

-1,899

2,741

-2,466

1,144

2,377

-2,648

265

2,809

4,715

-517

-1,312

2,135

Net increase in other assets

-5,078

-348

-1,139

-6,621

-2,701

5,702

-19,881

3,291

-12,464

6,878

29,895

-2,117

Net (decrease) increase in accrued interest payable

312

357

-135

60

-828

567

-1,354

-1,150

-1,420

-683

-2,241

-3,656

Net decrease in other liabilities

254

11,655

-4,558

-6,730

2,580

3,521

-9,097

11,303

4,216

1,036

-1,787

517

Net cash provided by operating activities

226,649

280,711

254,741

193,087

176,771

182,734

334,095

183,793

186,843

193,943

96,737

87,215

Investing Activities
Sales of available-for-sale debt securities

712,113

226,842

247,748

62,817

136,777

169,372

181,971

0

-

-

-

-

Maturities, prepayments and calls of available-for-sale debt securities

711,838

357,876

446,695

662,003

663,828

628,238

1,682,363

2,041,416

1,024,508

-700,182

310,809

280,051

Purchases of available-for-sale debt securities

1,224,231

820,333

36,239

585,064

961,224

281,332

1,426,262

2,638,054

1,730,244

-1,664,341

768,045

584,058

Maturities, prepayments and calls of held-to-maturity debt securities

58,750

76,832

25,187

25,405

20,997

8,930

0

0

-

-

-

-

Purchases of held-to-maturity debt securities

-

-

-

1,222

203,554

49,691

0

0

-

-

-

-

Principal collected on loans

3,250,220

2,691,953

2,099,292

1,781,534

1,736,198

1,418,517

1,224,222

1,034,374

958,401

-984,827

1,240,739

-

Loan originations

3,623,548

3,460,227

2,740,281

2,375,136

2,112,154

1,735,155

1,559,353

1,049,344

826,329

-849,222

1,191,105

-

Net additions to premises and equipment

16,398

18,637

10,128

8,306

18,224

14,389

8,977

10,730

17,492

-22,652

11,859

15,336

Principal collected on commercial and consumer loans

-

-

-

-

-

-

-

-

-

-

-

1,088,871

Commercial and consumer loans originated or acquired

-

-

-

-

-

-

-

-

-

-

-

1,420,609

Principal collections on real estate loans

-

-

-

-

-

-

-

-

-

-

-

-305,353

Real estate loans originated or acquired

-

-

-

-

-

-

-

-

-

-

-

357,951

Net purchase of FHLB and FRB stock

-

-

-

-

-

-

-

-

-

-

-

640

Proceeds from sale of other real estate owned

4,670

9,385

12,335

10,145

10,278

15,714

28,535

41,804

46,703

-30,529

14,763

4,294

Proceeds from redemption of non-marketable equity securities

118,516

87,221

68,610

73,611

38,607

-

-

-

-

-

-

-

Purchases of non-marketable equity securities

97,597

87,975

71,396

67,594

10,837

-

-

-

-

-

-

-

Proceeds from bank-owned life insurance

0

1,331

437

437

1,143

-

-

-

-

-

-

-

Investments in variable interest entities

16,348

37,956

14,514

6,644

4,576

-

-

-

-

-

-

-

Net cash received from acquisitions

-79,333

-101,268

4,091

-6,701

21,427

-2,112

26,155

0

0

-

41,716

-7,133

Net proceeds from sale of non-marketable equity securities

-

-

-

-

-

-801

-583

-888

-15,357

-1,829

701

-

Net cash (used in) provided by investing activities

-42,682

-872,420

23,655

-421,313

-681,314

158,893

149,237

-579,646

-529,096

822,506

-363,683

-707,158

Financing Activities
Net increase in deposits

285,856

599,037

-89,397

368,006

215,895

455,604

-334,672

543,248

299,311

421,750

601,062

-40,936

Net increase in securities sold under agreements to repurchase

172,264

4,398

-111,077

50,236

24,951

83,713

23,886

30,865

9,240

36,897

8,251

10,322

Net increase (decrease) in short-term Federal Home Loan Bank advances

-255,000

85,000

137,200

-100,000

140,000

-421,000

-204,467

-72,033

103,905

174,774

451,910

-209,829

Proceeds from long-term Federal Home Loan Bank advances

0

0

150,000

0

49,816

192,500

1,147,451

-

-

-

-

-

Repayments of long-term Federal Home Loan Bank advances

151,160

1,198

208,192

45,567

94,621

314,738

1,105,282

-

-

-

-

-

Net (decrease) increase in other borrowed funds

14,109

-5,059

3,784

-521

-709

-933

-1,502

180

-9,867

-6,404

565

221,963

Net decrease in Federal Reserve Bank discount window

-

-

-

-

-

-

-

-

-

225,000

689,000

-914,000

Cash dividends paid

124,468

85,493

111,720

84,040

79,456

50,944

44,232

47,472

37,395

37,396

32,021

29,079

Excess tax benefits from stock-based compensation

-

-

-

-

-

138

-223

-8

0

-4

75

1,325

Stock-based compensation activity

-

-

-

-

-

-785

4,326

81

0

145,654

2,554

103,749

Tax withholding payments for stock-based compensation

1,293

1,214

1,531

600

489

-

-

-

-

-

-

-

Proceeds from stock option exercises

2,896

24

0

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-56,796

595,495

-230,933

187,514

255,387

-54,875

-514,715

454,861

365,194

523,079

342,266

527,589

Net decrease in cash, cash equivalents and restricted cash

127,171

3,786

47,463

-40,712

-249,156

286,752

-31,383

59,008

22,941

-105,484

75,320

-92,354

Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest

42,461

35,174

30,000

29,576

30,103

26,398

30,111

36,865

45,913

54,318

59,408

94,028

Cash paid during the period for income taxes

36,817

26,489

40,219

36,225

39,622

33,343

23,576

21,257

7,925

9,371

36,778

43,114

Supplemental Disclosure of Non-Cash Investing and Financing Activities
Transfer of debt securities from held-to-maturity to available-for-sale

0

270,331

0

0

-

484,583

0

0

-

-

-

-

Sale and refinancing of other real estate owned

7

406

553

728

446

1,361

4,819

5,659

8,665

10,215

8,150

2,909

Transfer of loans to other real estate owned

2,349

4,924

4,466

5,198

7,989

11,493

15,266

27,536

79,295

72,572

-

-

Right-of-use assets obtained in exchange for operating lease liabilities

9,948

0

0

-

-

-

-

-

-

-

-

-

Dividends declared during the period but not paid

18,686

25,726

265

-

-

-

-

-

-

-

-

-

Fair value of common stock shares issued

316,538

250,807

46,673

10,465

25,939

15,127

45,033

0

0

-

-

-

Cash consideration

16,424

16,265

17,342

3,475

28,364

16,690

24,858

0

0

-

-

-

Effective settlement of pre-existing receivable

0

10,054

0

0

-

-

-

-

-

-

-

-

Fair Value of Assets Acquired

1,190,267

1,660,882

355,230

69,750

434,963

349,167

630,569

0

0

-

-

-

Liabilities Assumed

1,024,137

1,383,756

321,824

62,225

391,592

316,670

560,678

0

0

-

-

-

Other real estate acquired in settlement of loans

-

-

-

-

-

-

-

-

-

-

71,967

16,661