HEARTLAND FINANCIAL USA, INC. HTLF Cash Flow

Heartland financial usa, inc. (HTLF)

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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
20,040	37,851	34,612	45,169	31,497	32,141	33,710	27,879	23,268	13,672	21,632	21,958	18,010	19,162	20,208	20,970	20,009	14,591	14,582	15,160	15,709	12,263	11,973	10,774	6,890	7,935	6,810	9,556	12,552	9,489	13,583	13,964	12,815	6,217	7,358	10,212	4,221
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
7,100	7,236	7,246	8,160	8,155	8,144	8,374	7,471	6,802	7,406	8,172	7,543	7,023	7,782	8,134	7,128	7,713	7,721	5,151	5,427	5,747	4,710	4,494	4,457	4,090	4,641	4,337	4,191	4,071	4,013	6,595	1,780	1,753	5,472	1,843	1,924	1,945
Provision for credit losses
21,520	4,903	5,201	4,918	1,635	9,681	5,238	4,831	4,263	5,328	5,705	889	3,641	2,181	5,328	2,118	2,067	2,171	3,181	5,674	1,671	2,866	2,553	2,751	6,331	2,049	5,149	1,862	637	3,350	-502	3,000	2,354	7,784	7,727	3,845	10,009
Net amortization of premium on securities
-3,685	-4,367	-5,032	-5,235	-5,692	-6,184	-6,371	-6,764	-5,823	-6,775	-6,189	-6,771	-7,226	-8,008	-7,889	-8,358	-7,846	-7,066	-6,694	-7,696	-6,949	-7,403	-6,496	-5,838	-6,659	-6,938	-7,138	-7,675	-7,604	-6,510	-6,772	-6,163	-3,413	-4,384	-4,254	-3,380	-2,921
Securities gains, net
1,658	491	2,013	3,580	1,575	48	-145	-259	1,441	1,420	1,679	1,392	2,482	1,608	1,584	4,622	3,526	3,913	1,767	3,110	4,353	1,208	825	854	781	509	1,118	2,067	3,427	-108	5,212	4,951	3,943	4,174	2,085	4,756	2,089
Unrealized gain on equity securities, net
-231	11	144	112	258	115	54	71	-28	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	-1,801	582	263	262	314	164	-163	49	-3	-125	-83	81	216
Impairment loss on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	981	0	0	0	0
Stock based compensation
2,222	1,237	1,231	1,227	2,375	816	919	912	1,858	480	825	981	1,782	405	687	1,299	1,087	643	727	769	1,139	715	852	733	1,098	290	-8	557	989	543	427	425	759	349	309	308	312
(Gain) loss on sales/valuations of assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	-313	-5,135	-762	-571	-353	-740	-444	-798	-123	-594	-338	-1,600	-502	-1,091	-3,179	-620	-2,063	-	-	-	-
Loans originated for sale
91,974	94,726	124,628	103,901	61,348	94,691	233,349	205,546	112,433	179,913	179,189	205,255	164,324	256,463	317,304	318,227	227,823	236,984	363,429	412,941	311,140	269,733	292,017	243,826	158,779	177,917	312,353	442,078	448,971	468,839	478,084	351,220	273,974	247,048	78,599	57,914	95,660
Proceeds on sales of loans held for sale
100,425	106,521	128,144	96,684	64,941	119,730	248,446	210,577	135,506	174,282	195,519	210,279	180,404	276,321	329,331	319,911	234,516	268,172	372,532	422,985	287,768	297,388	288,565	221,746	155,526	196,216	337,610	461,538	463,340	486,360	465,689	394,085	232,544	210,272	102,541	66,675	81,475
Net gains on sale of loans held for sale
4,660	3,116	4,368	4,199	2,978	2,465	5,761	5,289	2,889	3,134	3,277	4,863	3,828	2,802	7,806	7,657	8,475	3,402	5,774	10,272	11,056	5,115	2,429	10,231	4,944	3,183	-1,958	16,293	9,912	14,257	13,750	12,689	8,502	5,473	3,183	1,308	1,402
(Increase) decrease in accrued interest receivable
667	-369	1,489	-1,739	-682	-2,054	5,387	3,274	-3,239	-856	3,325	-1,783	-93	-275	2,705	-864	-787	460	1,308	1,756	-3,234	-832	1,219	1,688	-2,304	-149	-933	1,347	-508	-975	1,637	1,440	-779	-1,885	1,444	-1,224	268
Increase in prepaid expenses
157	4,955	3,840	-1,937	1,708	-121	20	-2,069	-194	262	98	-852	-84	-322	811	-85	-598	2,089	1,121	-613	513	524	159	339	359	366	-385	-8,658	398	121	-465	-1,865	-707	-601	-66	-1,212	-1,090
Increase in accrued interest payable
316	-1,484	884	-240	1,261	-1,123	1,146	-1,054	1,029	-1,070	1,234	-955	825	-1,167	738	-1,043	637	-1,247	690	-1,494	627	-166	-268	-158	-750	-106	-868	238	-213	-375	679	-671	-634	691	-1,260	769	-901
Capitalization of servicing rights
414	255	341	149	266	756	1,710	1,511	1,183	1,365	1,587	2,180	2,226	3,038	3,653	3,613	2,590	2,979	4,610	4,338	2,818	2,663	2,611	1,909	1,435	2,174	17,804	-3,964	-3,245	-	-	-	-	-	-	-	-
Commercial Servicing Rights (CSR) Impairment (Recovery)
-	-	-	-	-	-	-	-	-	-	-5	-19	-5	-	-5	46	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Valuation allowance on servicing rights
1,565	-668	626	364	589	58	-230	216	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-496	-197	493	194	-13	19	0	0	0
Loss on sales/valuations of assets, net
-16	-	-357	12,247	-1,512	-	-912	-1,528	197	-	-1,342	112	-412	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net excess tax (expense) benefit from stock based compensation
-25	-4	-2	-64	336	2	12	49	611	125	132	101	888	-1,495	21	0	1,100	-1,347	20	39	612	5	0	257	-138	30	34	18	16	-	-	-	-	-	-	-	-
Other, net
40,513	-5,920	11,522	12,691	16,493	6,781	-14,626	11,164	5,441	8,511	-6,352	-1,778	13,767	4,350	-5,897	-1,539	9,855	8,577	-18,412	-1,197	11,472	-776	-5,128	-7,963	6,319	-2,924	-2,920	-4,117	10,862	-6,806	-7,194	4,836	-953	262	1,924	-7,554	244
NET CASH PROVIDED BY OPERATING ACTIVITIES
17,052	64,264	34,611	28,250	34,049	75,677	73,388	34,646	59,039	26,073	57,942	38,159	33,756	51,849	45,159	27,113	24,404	48,517	44,681	27,119	-18,155	51,290	21,601	-3,945	11,455	39,660	49,582	33,981	12,365	32,262	-1,862	46,240	-27,942	-15,263	36,627	35,927	1,193
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of time deposits in other financial institutions
4	4	6	0	248	0	0	1,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,605	0	0	0	0	-	-	-	-
Proceeds from the sale of securities available for sale
328,890	142,694	290,876	760,743	434,154	33,023	59,137	243,489	392,246	329,659	503,083	402,371	221,637	141,325	146,242	318,927	303,448	238,282	351,051	236,560	289,466	91,937	189,939	154,603	355,288	203,122	127,475	124,095	91,840	87,733	147,199	216,787	124,364	80,558	91,556	155,717	165,336
Proceeds from the sale of securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	0	500	0	4,057	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	606	1,286	2,830	2,410	2,581	4,847	5,489	3,023	2,822	5,351	2,005	1,828	2,556	249	955	-	-	-	-	-	-	-	-
Proceeds from the redemption of time deposits in other financial institutions
-	-	-	-	-	0	0	0	8,767	0	6,304	0	5,867	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the maturity of and principal paydowns on securities available for sale
92,413	137,446	86,570	92,203	86,727	65,045	60,536	62,563	49,603	60,829	59,321	54,991	47,515	57,522	48,036	47,134	35,379	38,227	37,459	49,146	37,479	32,463	31,438	38,205	34,446	31,198	55,779	70,443	65,461	57,868	69,759	84,656	76,453	70,733	59,167	87,701	77,536
Proceeds from the maturity of and principal paydowns on securities held to maturity
55	220	532	250	2,156	2,784	4,272	5,327	3,570	3,976	2,990	832	2,823	1,412	4,309	708	3,254	1,733	692	438	208	-716	1,598	437	182	188	1,468	374	140	162	650	393	371	205	655	381	220
Proceeds from the maturity of and principal paydowns on time deposits in other financial institutions
150	1	725	245	245	1,164	967	494	4,368	9,973	10,448	11,298	3,185	0	0	250	0	-	-	-	-	-	500	-1,791	2,041	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the sale, maturity of and principal paydowns on other investments
5,613	-	2,305	5,262	2,730	-	638	723	677	-	557	496	1,521	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities available for sale
627,246	592,878	835,990	849,133	299,105	257,215	207,577	488,741	244,289	517,072	632,904	353,819	312,769	446,341	294,768	231,371	362,764	432,252	244,987	297,248	232,422	171,808	193,667	189,454	160,286	320,702	60,320	273,489	207,456	316,681	242,508	393,527	124,246	106,353	273,857	181,532	226,801
Purchase of securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,039	0	4,160	16,784	0	0	0	0	-	-	-	-	-	-	-	-
Purchase of other investments
9,662	1,489	58	3,120	1,779	1,320	569	1,198	644	104	11	33	968	375	8	1,641	226	7	824	7,005	2,004	3,007	2,404	5,487	958	2,722	3,714	850	2	-	-	-	-	-	-	-	-
Net (increase) decrease in loans
5,568	43,726	124,170	-33,222	-43,925	118,664	-72,729	54,152	32,314	23,030	68,230	-32,453	-80,916	-84,149	-40,493	-19,730	-78,502	-28,847	41,317	209,723	-25,684	79,707	105,220	119,364	93,020	187,102	73,034	49,721	-25,014	37,747	13,923	102,161	57,734	110,088	74,134	20,557	2,248
Purchase of bank owned life insurance policies
39	12	0	11	5	228	2,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,571	0	0	0	3,140
Capital expenditures
3,723	9,539	4,480	2,786	1,123	949	2,005	7,432	2,356	1,237	1,193	2,095	3,588	2,009	958	6,462	898	3,129	998	1,065	2,919	877	1,533	1,495	2,710	2,039	1,422	4,208	2,812	5,970	6,041	4,373	3,403	2,085	2,282	993	1,359
Proceeds from the sale of equipment
0	-374	448	712	117	1,974	376	7	615	3,022	153	1,689	3	261	201	485	0	73	1,093	2	13	188	175	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash and cash equivalents received in acquisitions
-	-	-	-	-	0	0	206,654	5,543	0	37,391	0	33,698	0	0	0	8,084	48,605	-13,964	0	7,103	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash expended in divestiture
0	-	-	-	-28,142	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash expended in divestitures
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds on sale of OREO and other repossessed assets
1,019	1,397	3,082	1,288	2,537	8,434	1,037	1,423	668	3,266	3,226	3,767	585	1,218	105	777	2,384	3,137	926	3,090	2,312	1,596	3,915	5,584	5,079	5,535	4,154	6,637	3,513	7,517	4,558	8,534	10,051	2,779	5,698	1,999	5,216
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES
-218,102	-326,640	-580,166	34,363	298,473	-266,372	-12,459	-31,843	186,454	-129,349	-73,728	149,950	80,425	-161,887	-55,131	149,823	74,050	-72,845	95,256	-221,808	130,409	-128,947	-72,437	-117,571	125,283	-220,642	50,107	-126,470	-26,952	-182,940	1,633	-189,691	21,285	-64,251	-193,197	42,716	14,760
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in demand deposits
153,111	-210,222	154,369	136,551	-131,876	-164,549	39,041	111,622	5,834	-335,600	122,253	36,154	22,799	-283,926	88,825	70,390	1,098	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in savings deposits
59,185	332,892	237,251	36,482	74,016	187,993	125,296	-95,200	100,608	12,988	-32,921	-235,567	88,767	34,789	61,509	-10,640	661	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in demand deposits and savings accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,727	-90,075	-	-95,802	-864	-3,800	-21,531	-108,339	-14,979	-15,097	-167,555	-132,207	-30,883	-87,343	-68,167	-140,734	869	-67,858
Net increase (decrease) in time deposit accounts
-82,602	-80,854	-30,321	-45,217	75,141	-99,185	-91,006	37,354	-69,143	-71,151	2,309	39,721	-50,612	-63,371	-75,213	-146,498	-131,373	14,734	-77,306	76,598	-25,618	-67,094	-10,565	-22,746	-6,935	529	-24,475	-16,301	-18,301	-22,436	-17,471	28,265	-21,697	-31,668	-47,805	-820	-19,532
Proceeds on short-term revolving credit line
-	-	-	-	-	0	0	10,000	15,000	0	20,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in short-term borrowings
-34,987	95,047	593	-1,326	-43,000	342,071	-28,149	13,048	-168,451	194,514	-6,704	-30,895	-131,068	85,488	-37,602	-64,884	1,077	29,053	-112,619	118,483	-31,765	-18,041	-52,189	101,244	-80,506	20,028	-115,133	136,487	-21,932	-30,682	-4,177	19,952	-40,548	96,882	5,178	-26,913	-40,930
Proceeds from short term FHLB advances
491,545	81,197	0	0	430,888	107,338	53,500	82,102	220,000	65,100	99,900	25,200	60,939	86,466	33,100	205,000	5,000	-5,000	28,000	188,100	60,000	75,000	60,000	130,000	40,000	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of short term FHLB advances
517,742	15,000	0	25,000	506,725	36,500	99,102	6,500	260,000	50,100	99,900	10,200	81,305	79,600	85,100	162,150	10,000	66,000	58,000	88,000	124,000	75,000	80,000	67,000	112,000	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from other borrowings
1,930	0	0	0	50	0	30,131	0	0	-	-	-	-	-	-	-	-	0	0	25,000	4,000	73,950	0	0	5,000	5,000	0	160	0	597	408	569	10,126	16	447	15,048	3,054
Repayments of other borrowings
1,832	2,924	2,148	8,753	6,868	2,936	11,567	29,659	14,995	1,072	1,070	1,071	6,432	6,074	1,067	8,994	5,501	38,936	414	89,901	44,488	12,208	-4,798	5,201	20,193	238	13,794	405	52,448	419	415	388	5,584	3,172	4,189	611	300
Redemption of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	81,698	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for the redemption of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	0	0	0	97	185	223	57	160	1,426	595	471	1,227	131	683	393	1,780	274	17	2	606	501	741	602	258	452	1,263	914	308	84	0	16	289
Proceeds from issuance of common stock
804	85	168	155	253	203	130	142	14	159	406	180	218	52,333	762	538	563	1,178	752	746	832	1,011	233	182	247	1,905	962	360	1,038	7,156	1,734	407	260	425	210	308	485
Excess tax benefits on exercised stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	23	-	17	2	66
Dividends paid
7,353	6,606	6,604	5,867	5,530	6,551	4,834	4,052	3,920	5,404	3,304	2,949	2,900	5,232	2,508	2,505	2,625	3,382	2,267	2,266	2,261	2,054	2,050	2,050	2,049	2,040	1,970	1,899	2,092	3,761	2,597	2,667	2,670	2,846	3,005	2,662	2,659
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES
62,059	193,343	351,183	87,025	-113,651	26,950	-11,560	118,857	-175,150	47,543	85,746	-179,484	-99,754	66,673	-17,889	-80,214	-224,025	192,022	-168,554	202,679	-74,393	83,692	16,012	135,548	-173,380	141,244	-46,778	129,999	-78,880	127,606	108,524	76,160	26,945	127,743	89,787	-16,533	7,753
Net increase (decrease) in cash and cash equivalents
-138,991	-69,033	-194,372	149,638	218,871	-163,745	49,369	121,660	70,343	-55,733	69,960	8,625	14,427	-43,365	-27,861	96,722	-125,571	167,694	-28,617	7,990	37,861	6,035	-34,824	14,032	-36,642	-39,738	52,911	37,510	-93,467	-23,072	108,295	-67,291	20,288	48,229	-66,783	62,110	23,706
Supplemental disclosures:
Cash paid for income/franchise taxes
12	7,086	11,028	19,411	84	2,331	6,500	8,252	2	5,042	4,915	5,855	5	8,102	3,980	10,265	2,305	4,609	336	6,129	840	200	991	661	980	640	914	530	3,375	4,061	4,046	3,800	290	3,835	2,231	475	592
Cash paid for interest
18,222	21,941	21,198	20,562	16,537	17,143	13,070	13,054	8,601	10,282	7,900	8,436	6,698	8,784	7,269	9,255	7,340	8,704	3,854	12,291	8,545	8,386	8,891	8,622	9,412	9,369	9,392	8,637	9,234	9,908	9,991	9,601	10,683	10,094	12,616	11,212	13,122
Loans transferred to OREO
245	645	2,766	2,961	1,694	2,850	2,752	1,325	939	338	653	1,622	2,680	956	0	917	442	1,386	1,160	1,675	2,371	744	431	3,061	3,036	1,213	2,608	5,867	4,843	8,559	5,630	5,840	8,722	14,488	7,505	10,967	8,973
Transfer of premises from premises, furniture and equipment, net, to premises, furniture and equipment held for sale
0	2,087	0	1,914	654	4,245	914	2,501	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits transferred to held for sale
0	0	0	0	76,968	56,097	50,312	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities transferred from held to maturity to available for sale
0	0	0	0	148,030	0	0	0	0	-	-	-	-	0	-1,951	-14,988	17,189	0	-34,129	34,129	0	-	-	-	-	-	-	-	19,307	-	-	-	0	-	-	-	-
Conversion of convertible debt to common stock
-	-	-	-	-	-	-	-	-	0	391	0	167	1,442	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion/redemption of Series D preferred stock to common stock
-	-	-	-	-	-	-	-	-	0	0	0	419	2,420	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans transferred to held for sale
0	0	0	0	32,111	64,648	31,379	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities available for sale, accrued, not settled
14,035	-11,773	-14,494	35,354	2,019	-3,481	3,481	0	0	-1,046	2,063	-3,654	3,654	0	-64	64	0	-	-	-	5,149	14,746	-9,086	11,175	0	10,766	3,050	-55,387	59,877	50,488	-34,903	21,467	24,871	55,349	0	0	0
Maturity of securities available for sale, accrued, not settled
0	-	-	-	1,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of available for sale securities to held to maturity securities
462	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities available for sale, accrued, not settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Stock consideration granted for acquisitions
-	-	-	-	-	0	0	184,454	53,621	0	152,607	0	22,589	0	0	0	57,433	67,018	0	0	53,052	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-