Heartland financial usa, inc. (HTLF)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

149,129

116,998

75,272

80,349

60,042

41,900

36,853

49,851

28,008

23,788

6,374

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

30,797

30,791

30,144

30,757

24,046

17,751

17,240

14,141

11,184

8,366

9,036

Provision for credit losses

16,657

24,013

15,563

11,694

12,697

14,501

9,697

8,202

29,365

32,508

39,377

Net amortization of premium on securities

-20,326

-25,142

-26,961

-32,101

-28,405

-26,396

-29,355

-22,858

-14,939

-7,380

-2,492

Provision for deferred taxes

-414

2,760

13,263

7,162

2,121

3,630

2,761

505

4,363

-2,736

2,599

Securities gains, net

7,659

1,085

6,973

11,340

13,143

3,668

7,121

13,998

13,104

6,834

8,648

Unrealized gain on equity securities, net

525

212

0

0

-

-1,801

1,421

47

89

-451

-795

Impairment loss on securities

-

-

-

-

769

0

0

981

0

0

40

Stock based compensation

6,070

4,505

4,068

3,478

3,278

3,398

1,828

2,154

1,278

926

953

(Gain) loss on sales/valuations of assets, net

8,394

-2,208

-2,475

-1,478

-6,821

-2,105

-3,034

-6,953

-7,079

-11,711

-

Loans originated for sale

384,603

646,019

728,681

1,119,817

1,324,494

964,355

1,381,319

1,572,117

479,221

639,381

805,250

Proceeds on sales of loans held for sale

396,290

714,259

760,484

1,160,079

1,351,457

963,225

1,458,704

1,578,678

460,963

654,063

808,949

Net gains on sale of loans held for sale

14,661

16,404

15,102

26,740

30,504

22,719

27,430

49,198

11,366

8,088

6,084

(Increase) decrease in accrued interest receivable

-1,301

3,368

593

779

290

-229

-243

1,323

-1,397

-1,097

933

Increase in prepaid expenses

8,566

-2,364

-576

-194

3,110

1,381

-8,279

-2,916

-2,969

-2,459

17,979

Increase in accrued interest payable

421

-2

34

-835

-1,424

-1,342

-949

-1,001

-701

-1,056

-2,564

Gain on extinguishment of debt

375

0

1,280

0

0

-

-

-

-

-

-

Capitalization of servicing rights

1,011

5,160

7,358

12,894

14,745

8,618

12,769

11,451

-3,723

-

-

Goodwill impairment charge

-

-

-

-

-

-

-

-

-

1,639

12,659

Valuation allowance on servicing rights

911

46

-21

33

0

0

-496

477

19

0

0

Net excess tax (expense) benefit from stock based compensation

266

674

1,246

-374

-676

124

98

222

108

-

-

Gain on acquisition

-

-

-

-

-

-

-

-

-

-

1,296

Other, net

34,786

8,760

14,148

6,769

440

-7,548

901

-10,117

-5,124

-5,856

-4,559

NET CASH PROVIDED BY OPERATING ACTIVITIES

161,174

242,750

155,930

148,525

102,162

80,401

135,588

48,698

58,484

92,149

39,881

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of time deposits in other financial institutions

258

1,000

0

0

-

-

3,605

0

0

-

-

Proceeds from the sale of securities available for sale

1,628,467

727,895

1,456,750

909,942

1,115,359

791,767

546,532

576,083

493,167

399,901

198,086

Proceeds from the sale, maturity of and principal paydowns on other investments

10,325

1,618

2,790

5,673

250

750

250

36

0

-

-

Proceeds from the sale of securities held to maturity

-

-

-

4,557

0

0

-

-

-

-

1,659

Proceeds from the sale of other investments

-

-

-

-

15,327

13,201

5,588

4,694

0

-

-

Proceeds from the redemption of time deposits in other financial institutions

0

8,767

12,171

0

2,925

0

0

-

-

-

-

Proceeds from the maturity of and principal paydowns on securities available for sale

402,946

237,747

222,656

188,071

162,311

136,552

222,881

288,736

295,137

252,514

234,640

Proceeds from the maturity of and principal paydowns on securities held to maturity

3,158

15,953

10,621

9,683

3,071

1,501

2,170

1,576

1,461

1,913

2,592

Proceeds from the maturity of and principal paydowns on time deposits in other financial institutions

1,216

6,993

34,904

250

-

-

-

-

-

-

-

Proceeds from the sale, maturity of and principal paydowns on other investments

-

-

-

-

619

0

0

-

-

-

-

Purchase of securities available for sale

2,577,106

1,197,822

1,816,564

1,335,244

1,206,909

715,215

861,967

1,076,962

788,543

715,164

670,493

Purchase of securities held to maturity

-

-

-

-

-

22,983

0

0

-

23,419

12,895

Purchase of other investments

6,446

3,731

1,116

2,250

9,840

11,856

7,288

851

0

-

-

Net (increase) decrease in loans

90,749

132,401

-22,109

-222,874

196,509

397,311

284,843

211,565

207,027

75,583

-8,156

Purchase of bank owned life insurance policies

28

2,228

2,000

0

1,100

0

2,835

4,571

3,140

5,676

0

Proceeds from bank owned life insurance policies

1,402

0

0

111

1,229

0

0

-

-

-

-

Proceeds from sale of mortgage servicing rights

35,017

0

6,290

0

0

-

-

-

-

-

-

Capital expenditures

17,928

12,742

8,113

10,327

8,111

6,615

10,481

19,787

6,719

9,605

6,596

Proceeds from the sale of equipment

903

2,972

4,867

947

1,181

363

137

460

0

0

-

Net cash and cash equivalents received in acquisitions

76,071

212,197

71,089

8,084

41,744

0

49,665

-61,778

0

0

7,193

Net cash expended in divestiture

49,264

0

0

-

-

-

-

-

-

-

-

Proceeds on sale of OREO and other repossessed assets

8,304

11,562

10,844

4,484

9,465

16,174

19,839

30,660

15,692

4,290

17,871

NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES

-573,970

-124,220

27,298

6,855

-68,988

-193,672

-323,957

-349,713

-199,972

-170,829

-219,787

CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in demand deposits

-51,178

-8,052

-154,394

-123,613

-204,575

-56,612

-

-

-

-

-

Net increase in savings deposits

680,641

318,697

-166,733

86,319

174,913

152,251

-

-

-

-

-

Net increase in demand deposits and savings accounts

-

-

-

-

-

-

-159,946

-417,988

-275,890

-124,584

-475,702

Net increase (decrease) in time deposit accounts

-81,251

-221,980

-79,733

-416,455

-11,592

-107,340

-58,548

-33,339

-99,825

-140,925

-115,192

Proceeds on short-term revolving credit line

0

25,000

20,000

0

0

-

-

-

-

-

-

Repayments on short-term revolving credit line

0

25,000

20,000

0

0

-

-

-

-

-

-

Net decrease in short-term borrowings

51,314

158,519

25,847

-15,921

3,152

-49,492

19,450

-55,455

34,217

73,515

-53,663

Proceeds from short term FHLB advances

512,085

462,940

251,139

329,566

271,100

305,000

204,000

47,000

-

-

-

Repayments of short term FHLB advances

546,725

402,102

241,505

336,850

336,000

334,000

109,000

37,000

-

-

-

Proceeds from other borrowings

50

30,131

0

40,000

29,000

78,950

5,160

11,700

18,565

25,075

55,552

Repayments of other borrowings

20,693

59,157

9,645

21,636

173,739

32,804

66,885

6,806

8,272

113,977

41,956

Proceeds from issuance of preferred stock

-

-

-

-

-

-

-

-

81,698

0

0

Redemption of preferred stock

-

-

-

81,698

0

0

-

-

81,698

0

0

Payment for the redemption of debt

2,125

0

13,800

0

0

-

-

-

1,800

0

0

Purchase of noncontrolling interest

-

-

-

-

-

-

2,798

0

0

-

-

Purchase of treasury stock

0

97

625

3,719

2,987

899

2,102

2,937

389

212

236

Proceeds from issuance of common stock

661

489

963

54,196

3,508

1,673

4,265

9,557

1,428

1,360

970

Excess tax benefits on exercised stock options

-

-

-

-

-

-

-

-

-

28

18

Dividends paid

24,607

19,357

14,557

12,870

10,176

8,203

8,001

11,695

11,172

10,606

10,182

NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES

517,900

-40,903

-145,949

-255,455

151,754

61,872

145,585

339,235

208,750

-41,158

311,013

Net increase (decrease) in cash and cash equivalents

105,104

77,627

37,279

-100,075

184,928

-51,399

-42,784

38,220

67,262

-119,838

131,107

Supplemental disclosures:
Cash paid for income/franchise taxes

37,609

17,085

15,817

24,652

11,914

2,832

5,459

12,197

7,133

13,676

7,269

Cash paid for interest

80,238

51,868

33,316

32,648

33,394

35,311

36,632

40,183

47,044

56,936

73,094

Loans transferred to OREO

8,066

7,866

5,293

2,315

6,592

7,272

14,531

28,751

41,933

28,364

43,231

Transfer of premises from premises, furniture and equipment, net, to premises, furniture and equipment held for sale

4,655

7,660

3,442

0

0

-

-

-

-

-

-

Deposits transferred to held for sale

76,968

106,409

0

0

-

-

-

-

-

-

-

Securities transferred from held to maturity to available for sale

148,030

0

0

250

0

0

-

-

-

-

-

Conversion of convertible debt to common stock

0

0

558

1,442

0

0

-

-

-

-

-

Conversion/redemption of Series D preferred stock to common stock

0

938

419

2,420

0

0

-

-

-

-

-

Loans transferred to held for sale

32,111

96,027

0

0

-

-

-

-

-

-

-

Transfer of premises from premises, furniture and equipment held for sale to premises, furniture and equipment, net

4,306

81

2,372

3,440

0

0

-

-

-

-

-

Purchases of securities available for sale, accrued, not settled

11,106

0

1,017

0

0

16,835

18,306

61,923

55,349

0

0

Securities transferred from available for sale to held to maturity

-

-

-

-

-

25,162

179,528

0

0

-

-

Stock consideration granted for acquisitions

92,258

238,075

175,196

57,433

120,070

0

38,755

0

0

-

-