Great western bancorp, inc. (GWB)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
Operating activities
Net (loss) income

-740,618

43,274

50,285

26,783

44,511

45,786

42,280

45,874

40,532

29,230

37,661

35,060

35,162

36,903

33,758

26,360

30,674

30,461

33,812

28,832

19,724

26,697

27,875

22,502

25,971

28,604

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization

4,426

3,947

5,240

2,499

3,615

2,301

3,597

3,553

2,429

3,514

2,412

3,203

3,994

3,990

4,432

3,567

4,157

4,103

3,510

5,861

6,383

5,230

5,906

8,475

9,454

9,861

Net loss on sale of securities and other assets

-4,716

0

-98

247

-168

-2,806

-3,020

-568

-1,625

-518

-1,080

-404

-1,061

0

-3,950

134

24

-354

259

0

0

51

84

0

6

0

Amortization of FDIC indemnification asset

390

251

232

301

360

493

534

555

671

1,018

1,275

1,492

1,114

867

-

-

-

-

1,205

1,754

2,059

2,534

-

-

-

-

Gain on redemption of subordinated debentures

-

0

-

-

-

0

-

-

-

-

0

0

0

111

0

0

0

0

-

-

-

-

-

-

-

-

Net gain on sale of loans

1,334

1,814

1,709

1,247

1,179

1,545

1,905

1,610

1,379

1,935

2,254

2,201

2,015

3,165

3,568

2,011

1,204

1,270

1,667

1,903

1,580

1,544

1,654

1,322

947

1,616

Net loss on FDIC indemnification asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-211

-

-282

-77

-477

-591

-1,134

-205

-347

-

-

-

-

Net loss on sale of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-9

-

-2

26

8

302

1,615

59

7

-1,863

-222

-903

-292

Net loss from sale/writedowns of repossessed property

-

-

-

-

-

-

-

-

-

-

-

-

-

658

-

379

210

-110

-165

1,067

2,634

1,846

11,057

-1,564

-278

-571

Provision for loan and lease losses

71,795

8,103

1,982

26,077

7,673

5,215

5,014

3,515

4,900

4,557

4,685

5,796

4,009

7,049

5,063

5,372

2,631

3,889

1,633

4,410

9,679

3,319

2,749

1,500

-2,690

-875

Provision for loan servicing rights loss

6

1

-3

-1

-1

1

-1

-1

-33

-38

74

4

-5

-5

-163

176

0

0

-

-

-

-

-

-

-

-

Provision for repossessed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,872

1,591

534

Proceeds from FDIC indemnification claims

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,965

1,732

633

Stock-based compensation

1,274

363

1,318

1,425

1,426

413

1,130

1,177

1,428

684

1,584

1,639

1,952

1,635

837

883

748

1,049

258

258

252

468

0

0

0

0

Originations of residential real estate loans held for sale

67,185

105,185

118,740

72,358

45,863

53,012

74,687

77,096

64,255

48,476

65,320

72,634

49,193

87,868

109,966

79,600

44,939

59,716

68,954

79,646

69,200

63,298

67,360

64,050

30,284

54,667

Proceeds from sales of residential real estate loans held for sale

69,711

108,816

119,338

71,013

47,961

55,446

77,941

74,330

68,962

52,110

71,620

68,234

55,391

94,866

126,402

64,217

49,158

59,446

69,927

81,382

71,161

65,836

69,627

59,751

34,602

55,810

Net deferred income taxes

-41,612

-6,626

8,103

-667

723

-35

2,559

1,528

-11

17,226

2,439

520

489

-817

5,895

-8,700

1,586

-344

3,933

7,173

-2,102

-1,964

-3,720

-7,254

2,208

-3,697

Changes in:
Accrued interest receivable

-5,619

-3,722

1,349

1,129

-3,908

1,181

6,969

2,626

-5,464

1,641

7,698

1,788

-5,667

-174

5,984

-57

-2,449

-2,141

4,549

1,595

-268

-4,408

5,554

-208

-359

-3,443

Other assets

66,638

71

-

46,479

7,215

-29,331

-

-246

2,151

-2,574

-

326

-1,587

524

-

-3,755

3,949

-4,770

-1,329

5,182

-1,206

-833

2,896

721

-421

-1,475

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

267

3,902

328

235

238

209

323

164

221

471

148

391

143

FDIC indemnification asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,578

-2,250

-3,300

Accrued interest payable and other liabilities

-10,784

23,674

2,791

27,926

-22,093

-5,675

12,108

3,486

-16,330

-2,006

3,233

9,905

-14,771

-62,884

-11,541

14,010

23,627

-6,018

25,874

-19,816

856

23,416

-12,586

22,698

-2,702

-7,851

Net cash provided by operating activities

-27,882

78,455

43,425

33,896

33,994

80,344

29,743

53,499

41,852

57,335

47,649

49,308

43,297

-8,745

48,108

29,902

66,305

40,494

66,385

22,437

41,650

68,291

13,337

53,008

42,975

34,818

Investing activities
Purchase of securities available for sale

165,953

247,934

107,806

125,029

274,908

266,964

110,741

113,418

54,876

55,865

58,687

71,336

39,148

144,530

83,249

66,562

68,759

59,721

25,294

89,127

190,289

48,539

74,041

148,670

0

0

Proceeds from sales of securities available for sale

0

0

29,400

48,400

0

97,200

-900

700

25,000

200

58

0

5,042

0

-

-

-

-

50,041

0

10

55,139

-

-

-

-

Proceeds from maturities of securities available for sale

116,744

117,333

98,737

63,538

54,105

40,821

91,592

40,957

75,311

47,125

54,197

56,400

55,292

67,468

121,550

83,745

47,327

55,411

63,675

73,301

58,331

73,977

77,815

70,459

74,493

84,323

Net increase in loans

77,192

-65,253

-171,118

135,932

26,738

356,927

57,376

41,319

186,180

205,929

188,233

94,210

-69,338

105,771

94,823

171,616

32,373

204,582

79,127

174,336

100,864

199,649

112,783

143,397

86,228

121,735

(Payment) recovery of covered losses from FDIC indemnification claims

-39

-4

-40

-17

9

34

-182

-169

-189

-230

-135

-353

-30

-188

-254

-72

-662

28

461

29

2

1,635

-

-

-

-

Purchase of premises and equipment

1,828

2,033

3,663

6,027

3,632

2,321

8,386

2,195

1,828

1,469

1,430

2,149

1,890

940

8,796

1,835

2,580

2,245

1,787

-476

1,642

942

2,715

639

1,182

442

Proceeds from sale of premises and equipment

0

0

1

306

-1

300

-1

35

572

3,993

1,236

156

3,867

1

100

0

44

597

811

1,327

1,432

6

1,993

228

89

426

Proceeds from sale of repossessed property

7,799

4,569

1,559

1,829

5,784

809

-965

6,383

94

1,956

3,129

752

812

2,641

7,480

1,159

2,480

1,054

4,613

22,340

3,328

5,661

4,559

18,389

6,951

2,801

Purchase of FHLB stock

80,950

29,687

17,000

26,000

26,384

20,564

16,800

16,952

13,400

17,020

15,400

18,705

1,240

3,000

13,800

22,680

6,209

5,606

10,308

36,990

1,032

2,005

-

-

-

-

Proceeds from redemption of FHLB stock

72,008

20,342

27,659

12,839

31,819

15,211

19,276

25,663

20,282

13,969

8,602

10,466

19,239

9,512

15,574

7,038

11,343

9,090

10,850

32,513

5,091

2,058

-

-

4,441

2,061

Net cash paid in business acquisition

0

4,711

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-129,411

-76,872

199,945

-166,078

-239,946

-492,389

-84,518

-100,315

-135,172

-213,306

-196,689

-118,979

111,282

-174,807

-56,218

-65,554

-24,393

-205,974

13,935

-170,467

-225,633

-112,659

-58,907

-207,331

-1,436

-32,566

Financing activities
Net (decrease) increase in deposits

90,617

-211,780

64,436

-232,398

355,177

379,789

148,231

198,405

362,850

46,659

18,607

-132,701

385,839

101,663

124,810

-95,473

50,111

275,553

29,377

-130,010

248,492

187,026

-14,932

-185,572

67,046

237,430

Net decrease in securities sold under agreements to repurchase and other short-term borrowings

-1,480

-2,703

12,067

-5,612

5,888

-34,258

-14,571

2,187

-13,593

-15,752

364,985

-621

-18,269

1,053

213,672

-92,912

-41,598

2,600

23,712

-1,784

-27,242

28,898

-23,933

-19,173

16,394

-29,163

Proceeds from FHLB advances and other long-term borrowings

400,000

250,000

15,000

330,000

250,000

215,000

0

-269,999

-245,001

665,000

-375,700

282,100

68,601

24,999

-273,328

593,155

0

75,000

-

-

-

-

-

-

-

-

Repayments on FHLB advances and other long-term borrowings

175,000

15,000

280,000

0

385,000

80,000

60,000

-54,000

-75,000

587,200

-191,000

75,000

515,000

185,000

0

60,000

81,000

205,000

-

-

-

-

-

-

-

-

Net increase in FHLB advances and other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115,501

-100,066

-9

139,997

204,997

-110,004

-50,503

Redemption of subordinated debentures

-

-

-

-

-

-

-

-

-

-

-

0

0

3,625

-

0

0

0

-

-

-

-

-

-

-

-

Common stock repurchased

39,983

0

19,692

0

0

74,659

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid related to net share settlement of equity awards

27

1,268

11

9

0

1,227

75

188

3

3,766

0

383

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

16,769

16,885

17,052

17,081

14,235

14,536

14,728

14,724

11,780

11,770

11,752

11,752

9,989

9,981

8,218

7,734

7,734

7,733

6,627

6,946

6,947

0

34,000

34,000

0

34,000

Net cash provided by financing activities

257,358

2,364

-225,252

74,900

211,830

390,109

58,857

-30,319

167,473

93,171

181,535

61,643

-88,818

-70,891

56,936

337,036

-80,221

140,420

-29,721

-23,239

114,237

215,915

67,132

-33,748

-26,564

123,764

Net increase (decrease) in cash and cash equivalents

100,065

3,947

18,118

-57,282

5,878

-21,936

4,082

-77,135

74,153

-62,800

32,495

-8,028

65,761

-254,443

48,826

301,384

-38,309

-25,060

50,599

-171,269

-69,746

171,547

21,562

-188,071

14,975

126,016

Supplemental disclosure of cash flow information
Cash payments for interest

29,654

26,959

33,306

29,034

28,937

23,614

22,396

17,986

16,652

12,599

13,993

10,648

11,102

9,246

10,804

7,137

8,423

7,092

7,500

7,598

7,923

8,129

8,086

7,694

8,871

8,919

Cash payments for income taxes

16,962

232

9,176

18,595

17,980

1,133

10,616

15,424

22,863

1,117

19,168

15,446

26,776

10,574

10,094

10,699

30,985

2,792

10,231

8,108

25,222

8,758

30,175

11,825

18,014

15,681

Supplemental disclosure of noncash investing and financing activities
Loans transferred to repossessed properties

212

7,295

2,043

5,706

15,938

1,981

14,738

183

7,334

3,671

3,604

2,961

111

1,110

-6,148

1,031

231

555

189

533

5,545

1,369

2,009

664

28,897

1,932