Hancock whitney corporation (HWC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)

327,380

323,770

215,632

149,296

131,461

175,722

163,356

151,742

76,759

52,206

74,775

65,366

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

30,900

26,500

28,100

28,363

28,763

30,310

32,063

32,856

24,605

13,526

15,549

15,761

Provision for credit losses

47,708

36,116

58,968

110,659

73,038

33,840

32,734

54,192

38,732

65,991

54,590

36,785

(Gain) loss on other real estate and foreclosed assets

-626

3,355

2,839

4,444

-635

105

-4,329

-8,353

-4,922

1,960

-768

-230

Deferred tax expense (benefit)

47,100

45,214

49,831

-7,839

16,685

23,537

40,920

32,465

8,703

-11,602

-6,953

-5,012

Increase in cash surrender value of life insurance contracts

16,158

7,850

14,959

11,112

9,789

11,774

11,223

12,807

12,169

8,022

6,396

5,538

Gain on sale of Visa Class B common shares

-

33,229

-

-

-

-

-

-

-

-

-

-

Loss on sale of securities available for sale

-

-25,480

-

1,754

-

-

-

-

-

-

-

-

(Gain) loss on the sale of loans

619

-6,991

3,363

4,414

-

-

-

-21,991

1,560

-22,032

13,822

427

Loss on sale of business

-

-1,145

-

-

-

-

-

-

-

-

-

-

Writedowns on closed branch transfers to other real estate owned

-

-

-

-

-

2,132

12,809

4,586

-

-

-

-

Gain on acquisition

-

-

-

-

-

-

-

-

-

-

-20,732

-

Gain on sales of securities, net

-

-

-

-

-

-

-

1,552

-91

-

69

-

(Gain) loss on sales/paydowns of securities available for sale, net

-

-

-

-

-

-

-

-

-

-

-

1,950

Loss on disposal of other assets

-1,109

-1,897

-1,587

3,426

-1,815

1,282

-130

-51

424

316

1,478

602

Net (increase) decrease in loans held for sale

27,773

-11,986

-3,317

14,267

289

-18,234

-29,103

-

-

-

-

-

(Gain) loss on trading securities

-

-

-

-

-

-

-

-

-

-

-

-2,875

Net amortization of securities premium/discount

-32,166

-33,161

-33,244

-29,048

-21,105

-16,977

-31,970

-49,887

-29,523

-7,071

-917

-2,012

Amortization of intangible assets

20,844

22,050

22,417

19,781

24,184

26,797

29,635

32,067

16,551

2,728

1,417

1,642

Amortization of FDIC loss share receivable

-

-

2,427

5,918

5,747

12,102

2,239

-5,000

-

-

-

-

Stock-based compensation expense

20,902

19,793

17,633

14,266

12,944

13,958

13,079

11,019

7,196

4,077

3,254

2,806

Contribution to pension plan

-100,000

-39,000

-

-15,000

-

-

-

-

-

-

-

-

Decrease in interest payable and other liabilities

-1,753

-9,397

2,307

10,315

-4,722

-15,235

29,553

-58,289

-99,986

-12,405

16,702

-7,118

Net payments from FDIC for loss share claims

-

-

2,299

-3,134

14,051

14,395

-61,765

-114,976

181,753

1,753

-

-

Decrease in FDIC loss share receivable

-

-

-8,613

-5,667

-6,407

-5,723

9,117

45,284

65,502

5,283

-

-

Decrease in interest payable

-

-

-

-

-

-

-

-

-

-

-

-2,785

(Increase) decrease in other assets

22,556

13,811

9,836

-15,197

94,816

-10,393

724

-52,155

-63,956

-65,953

100,474

-3,683

Proceeds from sale of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

192,838

Originations of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

195,569

Excess tax benefit from share based payments

-

-

-

-

-

-

-

-

-

-

-

4,512

Other, net

7,929

-1,691

4,335

-20,795

-8,511

3,296

-10,911

376

104

951

-94

-367

Net cash provided by operating activities

351,949

449,184

411,085

343,915

235,730

352,428

473,532

443,032

273,046

194,798

18,142

94,368

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from the sale of available for sale securities

268,413

455,162

213,877

173,215

9,289

1,455

178

48,336

342,864

-

10,202

213,814

Proceeds from maturities of securities available for sale

294,681

327,141

338,843

408,311

842,114

283,982

592,147

1,081,193

998,726

603,102

599,066

938,939

Purchases of securities available for sale

1,010,805

629,976

742,279

1,071,869

1,323,853

512,088

1,074,744

285,825

1,732,757

489,835

509,304

1,140,901

Proceeds from maturities of securities held to maturity

417,520

359,312

373,088

425,453

538,777

442,559

503,654

432,331

-

-

-

-

Purchases of securities held to maturity

183,626

375,770

863,457

563,661

749,102

1,031

481,513

560,324

-

-

-

-

Net increase in short-term investments

-281,251

18,710

-351,087

-487,378

-237,393

534,108

-1,231,348

-314,763

-104,647

218,015

-558,271

-2,795

Purchase of short term investments

-

-

-

-

-

-

-

-

-

-

-

362,895

Net decrease in federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-57,445

Proceeds from sales of loans and leases

112,048

166,462

59,483

177,645

3,533

-

-

-

-

-

-

-

Net increase in federal funds sold and short-term investments

-

-

-

-

-

-

-

-1,006

281,639

-59,573

317,319

-

Net increase in loans

555,008

1,358,077

1,051,628

1,331,125

1,868,548

1,622,867

834,933

507,530

-86,057

-40,400

-17,906

684,528

Purchase of life insurance contracts

32,788

1,822

50,000

40,000

-

30,000

-

-

-

-

-

-

Proceeds from the sale of Visa Class B shares

-

42,858

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

42,716

50,664

20,297

19,272

23,804

20,449

32,029

42,979

72,975

21,899

12,305

23,618

Proceeds from sales of property and equipment

-

-

-

7,445

14,259

12,235

1,698

6,270

9,326

2,220

2,700

2,150

Cash paid for acquisition, net of cash received

-

-

-

-

-

-

-

-

74,736

-

378,367

-

Proceeds from sales of other real estate

30,658

17,214

24,324

24,624

47,115

59,752

92,662

120,083

80,125

41,945

8,015

6,184

Cash acquired in stock-based business combination

28,059

-

-

-

-

-

-

-

-

-

-

-

Consideration (paid) received in business combinations

1,112

-141,769

-476,609

-

-

-

-

-

-

-

-

-

Proceeds from the sale of business, net of cash sold

-

77,648

-

-

-

-

-

-

-

-

-

-

Net cash paid for divestiture of branches

-

-

-

-

-

-

-

0

114,645

-

-

-

Other, net

65,597

-551

4,971

-825

3,604

-10,101

2,965

-6,481

-

-

-

-

Net cash used in investing activities

-459,022

-846,902

-895,321

-1,321,031

-2,276,431

-1,910,459

-4,497

-17,733

-301,023

334,375

253,695

-1,111,095

CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits

-627,557

679,669

900,427

1,075,370

1,776,081

1,212,315

-383,672

30,609

-65,298

-420,093

-298,062

921,403

Net decrease in short-term borrowings

1,058,748

-114,762

-118,151

-198,238

272,071

493,613

18,827

-405,321

113,353

-140,031

-21,225

130,228

Repayments of long-term debt

14,222

90,216

204,111

21,271

157,933

35,360

35,278

192,087

16,641

295

166

155

Issuance of long-term debt

20,846

20,610

165

6,838

273,565

21,000

24,515

232,720

150,317

-

-

-

Dividends paid

94,871

88,838

83,266

76,551

77,013

80,392

81,212

82,690

70,617

35,721

32,011

30,453

Payroll tax remitted on net share settlement of equity awards

6,295

8,695

11,881

3,178

3,385

-

-

-

-

-

-

-

Proceeds from exercise of stock options

542

1,232

12,092

2,147

347

2,488

2,734

2,014

1,129

1,940

2,213

8,612

Proceeds from issuance of common stock in public offering

-

-

-

259,299

-

-

-

-

213,994

-

167,372

-

Proceeds from dividend reinvestment and stock purchase plans

3,614

3,409

3,220

1,515

-

-

-

-

-

-

-

-

Proceeds from issuance of short-term notes

-

-

-

-

-

-

-

-

-

-

1,609,399

-

Repayments of short-term debt

-

-

-

-

-

-

-

-

-

-

1,694,898

-

Repurchase of shares

185,000

8,267

-

-

95,613

47,618

115,000

-

-

-

-

260

Excess tax benefit from stock option exercises

-

-

-

-

-

-

-

-

-

-

480

4,512

Net cash provided by financing activities

155,805

394,142

498,495

1,045,931

1,988,120

1,566,046

-569,086

-414,755

326,237

-594,200

-266,898

1,033,887

NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS

48,732

-3,576

14,259

68,815

-52,581

8,015

-100,051

10,544

298,260

-65,027

4,939

17,160

SUPPLEMENTAL INFORMATION
Income taxes paid

28,288

7,283

45,092

30,184

31,896

24,114

24,052

-24,237

24,529

22,878

5,810

19,413

Interest paid

232,456

175,382

108,702

69,624

51,201

38,268

41,996

57,370

66,695

83,161

96,797

128,787

SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES
Assets acquired in settlement of loans

21,285

22,393

19,140

16,314

15,462

31,371

-

-

11,156,952

-

1,715,266

-

Assets acquired in settlement of loans

-

-

-

-

-

-

51,461

76,128

117,690

59,758

20,023

-

Transfers from available for sale securities to held to maturity securities

-

-

-

-

-

-

1,039,979

1,523,585

-

-

-

-

Liabilities assumed

-

-

-

-

-

-

-

-

10,130,706

-

-1,694,534

-

Net identifiable assets acquired

-

-

-

-

-

-

-

-

1,026,246

-

20,732

-

Common stock issued in connection with acquisition

-

-

-

-

-

-

-

-

1,308,044

-

-

-

Restricted stock issued to employees of Hancock

-

-

-

-

-

-

-

-

-

-

-

3,045

Transfers from loans to other real estate

-

-

-

-

-

-

-

-

-

-

-

10,671

Financed sale of foreclosed property

-

-

-

-

-

-

-

-

-

-

-

1,234

Transfers from trading securities to available for sale securities

-

-

-

-

-

-

-

-

-

-

-

190,802