Hilltop holdings inc. (HTH)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating Activities
Net income

232,977

125,727

133,144

147,944

212,579

112,558

126,709

-5,098

-6,531

-548

-2,112

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses

7,206

5,088

14,271

40,620

12,715

16,933

37,158

3,800

-

-

-

Depreciation, amortization and accretion, net

1,160

-2,345

-13,869

-49,765

-83,360

-83,279

-53,794

-2,533

1,714

1,788

1,981

Net realized losses (gains) on securities

-2,548

-2,486

16

-

4,403

-

4,937

112

-

-

-

Bargain purchase gain

-

-

-

-

81,289

-

12,585

-

-

-

-

Net gain on investment in SWS common stock

-

-

-

-

-

5,985

-

-

-

-

-

Deferred income taxes

-3,855

13,197

40,933

-9,690

17,376

-22,782

15,829

-6,426

-

-

-

Other, net

-13,017

-8,838

-12,085

-16,564

-7,995

-19,000

-6,249

-612

-

-

-

Net change in securities purchased under agreements to resell

-2,580

-124,926

97,107

16,230

-60,919

-

-

-

-

-

-

Net change in assets segregated for regulatory purposes

-

-

-

-

-99,010

76,011

-

-

-

-

-

Net change in trading securities

-55,890

14,781

465,151

51,388

-117,639

6,871

-31,267

-12,900

-

-

-

Stock-based compensation expense

-

-

-

-

-

-

-

-

146

150

214

Realized gains on investments

-

-

-

-

-

-

-

-

817

137

307

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-400

-197

-197

Net change in broker-dealer and clearing organization receivables

338,158

-23,618

42,449

46,775

-73,344

145,283

-21,219

-43,309

-

-

-

Net change in FDIC indemnification asset

-

22,831

24,890

20,577

39,936

61,299

-

-

-

-

-

Decrease in payable to related party

-

-

-

-

-

-

-

-

-263

-3,651

761

Decrease (increase) in income taxes payable

-

-

-

-

-

-

-

-

-78

78

-

(Increase) decrease in income tax receivable

-

-

-

-

-

-

-

-

77

-2,187

-22,411

Net change in insurance premium and agents balance

-

-

-

-

-

-

-

-

1,900

1,535

492

Net change in deferred acquisition costs

-

-

-

-

-

-

-

-

1,945

1,492

-190

Net change in reinsurance recoverables

-

-

-

-

-

-

-

-

-19,794

23,886

4,825

Net change in other assets

-53,038

-13,741

47,352

-41,315

59,142

32,842

-7,465

541

-

-

-

Net change in broker-dealer and clearing organization payables

206,170

-7,054

-2,412

-33,180

-54,048

214,755

-55,247

-46,509

-

-

-

Net change in loss and loss adjustment expense reserve

-

-

-

-

-

-

6,544

10,823

14,047

-25,102

243

Increase in deferred income taxes

-

-

-

-

-

-

-

-

3,930

-1,488

-995

Net change in unearned insurance premiums

-

-

-

-

-

-

5,824

1,937

7,847

4,669

-306

Net change in other liabilities

85,329

-93,890

-55,557

11,752

-104,897

59,283

-34,540

9,025

-

-

-

Net change in securities sold, not yet purchased

-37,850

-151,154

78,932

23,845

129,996

48

-

-

-

-

-

Proceeds from sale of mortgage servicing rights asset

-

9,303

17,499

7,586

-

11,387

-

-

-

-

-

Net gains from sales of loans

504,935

445,116

538,468

606,991

519,103

390,361

457,531

50,384

-

-

-

Loans originated for sale

16,644,259

14,287,551

15,014,118

16,026,911

13,871,473

10,839,905

11,752,800

1,344,577

-

-

-

Proceeds from loans sold

16,438,000

15,041,676

15,634,027

16,337,299

14,163,781

11,016,636

12,522,963

1,510,639

-

-

-

Changes in operating assets and liabilities

-

-

-

-

-

-

-

-

3,635

-5,441

-436

Net cash provided by (used in) operating activities

-433,023

389,540

-320,718

-160,968

35,737

-91,420

396,705

115,219

-3,322

9,851

18,900

Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity

73,924

43,699

56,359

166,522

88,070

5,203

-

-

-

3,350

646

Proceeds from sales, maturities and principal reductions of securities available for sale

313,672

243,708

298,737

396,572

673,950

315,166

381,890

77,445

-

-

-

Proceeds from sales, maturities and principal reductions of equity securities

1,860

3

-

-

-

-

-

-

-

-

-

Purchases of securities held to maturity

109,622

39,259

60,939

186,875

230,404

123,520

-

-

-

1,606

331

Purchases of securities available for sale

415,763

323,991

471,047

326,810

48,121

49,156

372,998

224,893

31,583

43,123

1,094,906

Purchases of equity securities

307

933

-

-

-

-

-

-

-

-

-

Net change in loans held for investment

423,890

110,615

216,562

555,040

150,605

-103,031

140,437

-10,673

-

-

-

Purchase of other investments

-

-

-

-

-

-

-

-

50,000

-

-

Proceeds from sales of available-for-sale securities

-

-

-

-

-

-

-

-

5,523

16,726

23,647

Proceeds from maturities of available-for-sale securities

-

-

-

-

-

-

-

-

8,323

8,316

1,086,227

Proceeds from sales of held-to-maturity securities

-

-

-

-

-

-

-

-

7,336

-

-

Purchases of premises and equipment and other assets

42,287

68,079

31,152

41,941

31,270

43,186

33,066

17,412

296

322

1,715

Proceeds from sales of premises and equipment and other real estate owned

14,309

25,847

32,297

73,032

110,922

69,400

21,233

1,377

-

-

-

Proceeds from redemption of bank owned life insurance

904

-

-

-

822

-

-

-

-

-

-

Net cash received from (paid for) Federal Home Loan Bank and Federal Reserve Bank stock

17,092

-3,198

-34,346

19,021

12,172

17,114

-4,600

-

-

-

-

Financing Activities
Decrease (increase) in restricted cash

-

-

-

-

-

-

-

-

-

-

-18,500

Net cash paid for acquisition

-

63,245

-

-

41,097

-

362,695

165,679

-

-

-

Net cash provided by investing activities

-604,292

-289,667

-357,961

-493,561

442,289

259,824

223,917

12,869

-60,697

-16,659

32,068

Net change in deposits

600,481

196,060

857,155

153,131

-601,386

-518,417

-210,491

207,997

-

-

-

Net change in short-term borrowings

358,203

-140,617

-210,865

469,916

20,437

420,609

-386,163

-185,812

-

-

-

Proceeds from notes payable

1,050,907

664,045

403,136

296,993

150,078

3,000

2,000

-

-

-

-

Payments on notes payable

996,095

643,921

512,193

217,630

42,571

2,643

3,262

766

6,900

-

18

Redemption of preferred stock

-

-

-

-

114,068

-

-

-

-

125,000

-

Proceeds from issuance of common stock

-

-

-

4,139

-

-

-

-

-

-

-

Payments to repurchase common stock

73,400

59,000

27,400

-

30,028

-

-

1,298

-

-

-

Dividends paid on common stock

29,627

26,698

23,140

5,801

-

-

-

-

-

-

-

Dividends paid on preferred stock

-

-

-

-

3,539

5,619

2,985

-

-

8,766

10,313

Net cash received from (distributed to) noncontrolling interest

-6,352

17,411

-1,885

790

-1,222

-902

-2,640

-229

-

-

-

Taxes paid on employee stock awards netting activity

1,979

1,844

3,264

2,442

75

-

-

-

-

-

-

Other, net

-515

-813

-674

-868

718

2,620

2,482

-40

-

-

-

Net cash provided by financing activities

901,638

4,633

480,882

698,228

-621,656

-101,352

-601,059

19,852

-6,900

-133,766

-10,331

Net change in cash, cash equivalents and restricted cash

-135,677

104,506

-197,797

43,699

-143,630

67,052

19,563

147,940

-70,919

-140,574

40,637

Supplemental Disclosures of Cash Flow Information
Cash paid for interest

168,535

143,201

84,309

58,429

59,700

28,846

31,805

10,371

8,780

8,799

9,209

Cash paid for income taxes, net of refunds

56,901

8,378

85,840

88,899

112,459

26,859

73,802

-184

-811

-1,907

-23,890

Supplemental Schedule of Non-Cash Activities
Conversion of available for sale investment to SWS common stock

-

-

-

-

-

71,502

-

-

-

-

-

Derecognition of construction in progress related to build-to-suit lease obligations

-

-27,802

-

-

-

-

-

-

-

-

-

Redemption of senior exchangeable notes for common stock

-

-

-

-

-

-

83,950

-

-

-

-

Conversion of loans to other real estate owned

4,669

6,899

8,853

20,184

57,838

67,542

25,639

-

-

-

-

Common stock issued in acquisition

-

-

-

-

200,626

-

-

387,583

-

-

-

Additions to mortgage servicing rights

13,755

25,028

16,401

23,381

24,974

35,056

-

-

-

-

-

Preferred stock issued in acquisition

-

-

-

-

-

-

-

114,068

-

-

-