INTERNATIONAL BANCSHARES CORPORATION IBOC Cash Flow

International bancshares corporation (IBOC)

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	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities:
Net income
34,838	51,734	51,444	50,020	51,906	58,529	51,095	52,887	53,420	45,235	39,628	40,569	32,004	35,473	35,787	29,688	32,984	34,970	32,019	33,875	35,862	38,554	33,232	37,719	43,646	38,943	31,826	27,513	28,069	25,720	25,878	24,550	31,687	30,373	30,631	32,624	33,521	30,420	33,549	34,008	32,046
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit loss expenses
16,836	-	-	-	7,420	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for probable loan losses
-	-	-	-	-	2,900	4,280	-2,730	1,662	2,125	6,591	805	1,700	4,975	-1,347	7,097	9,134	5,429	8,832	7,767	2,377	5,884	2,816	3,645	2,078	5,407	5,800	4,342	7,419	11,218	5,349	6,107	5,285	9,485	5,670	-1,917	4,080	7,317	6,837	1,429	7,229
Accretion of time deposit discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4	3	4	3	4	3	4
Specific reserve, other real estate owned
-537	-168	-66	-80	-8	-38	-375	-2,587	-71	-380	-13	-272	-45	-235	-1,546	-523	-47	-	-	-	-	-408	-133	-100	-138	-726	0	-548	70	256	-2,773	314	427	-17,881	365	7,416	294	-	-	-	-
Depreciation of bank premises and equipment
7,109	7,130	7,127	7,032	6,981	6,776	6,460	6,364	6,273	6,345	6,407	6,302	6,227	6,175	6,175	6,208	6,180	6,211	6,240	6,332	6,226	5,930	5,937	6,054	6,092	6,340	6,433	6,619	6,625	6,421	6,618	6,790	6,927	10,186	8,491	7,931	8,327	8,644	8,770	8,969	9,012
Gain on sale of bank premises and equipment
358	30	13	151	43	1,163	146	139	8	8	14	1	15	224	186	18	22	242	-399	52	91	-297	-2	1,001	2,956	1,463	110	495	21	-196	415	349	-30	94	-65	27	305	-170	0	-145	337
Gain on sale of other real estate owned
79	224	607	170	469	148	629	686	2	436	270	-7	4	-44	-97	95	-40	-140	-8	177	28	619	16	65	233	259	13	149	39	-727	-156	163	232	689	-205	72	182	-	-	-	-
Accretion of investment securities discounts
120	117	125	131	55	62	76	58	75	86	88	99	120	133	147	138	121	367	451	442	444	447	447	440	1,274	1,181	1,032	918	894	849	825	766	755	694	517	437	433	409	491	365	428
Amortization of investment securities premiums
7,373	6,871	5,438	4,216	4,024	4,467	4,763	5,157	5,700	5,972	5,491	5,556	7,021	7,731	6,831	6,179	6,132	6,803	7,123	6,857	7,217	6,633	6,547	6,784	6,765	8,579	11,410	13,052	11,204	10,211	6,951	6,904	6,435	4,394	3,745	4,083	6,140	5,305	2,966	2,499	2,441
Investment securities transactions, net
-5	0	-2	-6	-4	-	-	-	-	-3,162	0	-2,539	927	-921	-1,345	-227	-133	-3,254	0	-427	-1	0	-6,446	-379	8,108	0	0	0	9,601	2,919	32,935	1,420	1,172	7,837	6,587	1,445	1,416	-	-	-	28,264
Impairment charges on available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	73	90	67	124	254	249	224	227	265	273	189	90	74	573	417	310	392	239	222	186	276	286	166	249	424	38,829	-38,040	7,203
Unrealized gain on equity securities with readily determinable fair values
30	-77	45	52	138	-76	709	-247	-774	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of junior subordinated debenture discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	9	8	9	9	9
Amortization of identified intangible assets
-	-	-	-	-	-	-	-	-	0	0	0	25	32	32	32	32	203	161	161	119	143	117	1,148	981	1,182	1,156	1,158	1,137	1,188	1,163	1,163	1,137	1,343	1,324	1,323	1,303	1,338	1,321	1,324	1,301
Stock based compensation expense
219	236	240	239	265	280	285	285	185	204	215	216	268	260	268	269	285	300	289	291	292	292	301	304	161	92	101	107	114	108	113	122	131	107	85	93	102	103	134	145	152
Losses (earnings) from affiliates and other investments
-521	1,045	2,579	-3,154	3,444	3,237	4,564	3,380	4,303	3,660	3,948	2,700	2,890	5,181	3,579	2,332	3,223	2,323	3,326	3,241	3,286	448	5,369	1,977	3,109	2,721	2,876	8,507	4,702	1,056	1,488	2,298	5,050	91	2,562	4,029	4,951	4,083	4,450	3,767	2,723
Deferred tax expense
-14,123	2,979	-434	2,199	-1,435	3,770	1,010	94	269	4,596	-238	-17	229	554	6,366	-864	1,250	-1,606	1,156	1,533	-1,415	1,966	-910	-417	-1,666	508	949	-1,176	-2,098	5,656	-602	1,778	1,091	-3,065	3,049	-848	-1,435	7,823	-981	1,136	-11,510
Increase in accrued interest receivable
450	1,261	-2,597	550	603	2,412	-1,371	2,989	-1,683	2,178	697	1,456	-2,047	3,216	-2,391	1,797	-2,022	2,133	-1,903	1,015	-1,134	2,888	-2,513	2,777	-2,345	1,671	-1,728	2,327	-2,650	548	-804	1,640	-2,352	1,823	-3,790	919	-2,610	163	-3,635	3,187	-5,786
Increase in other assets
228	-25,473	-8,159	4,904	20,685	3,080	5,952	322	42,473	22,633	-5,796	3,074	-3,794	-5,471	-3,917	6,169	-4,275	6,405	-10,344	2,245	-1,273	-3,158	-3,357	7,771	365	-3,988	657	-8,355	-8,926	5,121	148	10	113	46,641	-14,468	-28,932	-5,544	4,928	-6,885	3,307	-9,174
Increase in other liabilities
4,571	4,907	9,222	-5,934	23,962	-15,617	18,809	-8,277	30,001	-16,722	11,623	-9,299	14,990	-6,677	-6,034	-2,094	7,100	-20,925	13,847	-16,808	17,319	-15,782	12,498	-20,828	16,630	-9,809	12,289	-9,158	4,404	-9,687	11,655	-6,491	11,629	-12,942	5,034	-3,233	6,175	-36,577	9,781	-15,965	44,413
Net cash provided by operating activities
56,621	100,378	85,770	57,719	67,698	51,117	76,513	49,040	53,177	22,296	70,509	39,620	64,394	46,513	53,552	36,783	66,372	23,668	79,593	33,605	66,783	43,346	67,430	21,046	61,215	48,735	67,577	39,381	53,433	41,401	23,804	34,813	59,995	-15,981	67,538	69,638	59,628	13,421	68,479	20,755	75,500
Investing activities:
Proceeds from maturities of securities
1,075	-	-	-	-	1,200	0	0	1,075	-	-	-	-	-	-	-	-	0	0	0	1,075	-	-	-	-	-	-	-	-	0	25	900	200	-	-	-	-	2,499	1,324	400	200
Proceeds from sales and calls of available for sale securities
18,920	1,605	32,285	19,275	41,420	500	19,530	0	18,145	116,647	7,235	150,635	121,549	26,706	130,499	156,877	38,661	133,881	0	23,992	6,290	0	253,292	110,019	258,277	-1	0	0	178,124	102,268	1,207,580	55,052	17,331	175,980	152,013	422,177	352,679	80,837	17,012	105,502	945,670
Purchases of available for sale securities
421,017	513,206	0	234,129	145,966	0	0	46,271	1,075	237,765	402,129	156,518	385,594	135,591	607,949	262,457	319,660	42,483	68,460	3,280	238,290	322,448	74,881	263,108	310,921	109,680	543,190	514,170	217,214	697,260	1,591,132	520,551	272,091	634,727	265,107	729,647	601,849	710,129	717,777	937,727	300,963
Principal collected on mortgage backed securities
257,223	316,024	248,633	185,002	132,820	145,348	166,550	174,513	188,893	206,384	200,996	185,331	187,386	258,333	254,250	226,669	180,342	194,884	227,310	230,686	201,856	204,730	214,632	196,594	171,405	198,517	275,782	353,128	396,105	338,647	311,883	337,015	306,652	295,801	206,173	195,400	302,045	347,870	279,683	210,431	247,833
Net increase in loans
120,789	3,500	55,162	169,835	147,124	89,319	42,670	18,947	107,206	149,248	164	197,856	46,999	82,380	-67,709	23,693	159	28,482	153,472	13,036	102,699	31,406	226,415	155,698	88,610	159,466	144,262	81,254	59,937	-83,571	7,728	-15,697	-78,532	-125,013	-119,650	-68,341	6,089	-79,046	4,037	-7,787	-81,445
Purchases of other investments
6,760	18,855	-1,826	22,721	13,045	8,504	7,457	9,494	17,963	15,911	5,742	1,637	2,903	3,391	44,113	750	759	1,768	2,096	11,941	550	7,672	7,328	4,921	681	838	1,000	125	512	1,272	1,096	1,710	150	10,000	-232	1,456	717	5,199	1,225	1,000	14
Distributions from other investments
26,382	-7,774	-3,488	9,504	46,677	774	-5,808	3,335	5,367	19,995	-5,118	910	4,557	4,908	14,426	-220	4,162	2,986	4,975	9,989	343	-5,159	18,023	-4,993	10,281	1,298	-15,950	10,231	9,878	-16,255	-14,161	12,610	10,396	9,816	9,948	-1,388	14,944	-8,960	-14,042	-1,312	45,224
Purchases of bank premises and equipment
2,769	5,781	9,400	8,279	6,130	5,139	5,982	6,755	3,519	4,012	2,688	3,653	3,962	26,276	5,420	2,219	4,941	4,001	3,847	4,177	7,806	8,271	13,243	14,410	14,436	19,224	14,471	10,155	6,166	38,380	6,368	7,716	9,566	6,943	4,432	4,792	4,226	4,710	2,690	3,897	4,656
Proceeds from sales of bank premises and equipment
370	-1,824	2,215	-40	1,510	900	1,442	1,815	376	-8,938	2,932	8,002	205	-4,255	5,946	656	1,354	2,815	809	147	744	5	1,630	3,491	3,298	1,880	118	514	21	3,780	1,294	1,987	514	539	71	59	1,050	151	176	239	1,439
Proceeds from sales of other real estate owned
2,034	7,575	37	1,086	707	2,766	512	889	12	12,072	1,512	1	681	13,462	267	21	22	4,104	1,805	7,091	3,831	8,274	3,332	1,360	5,559	3,867	6,721	8,172	4,410	13,123	10,577	3,967	11,099	17,847	136	3,918	3,423	-	-	-	-
Net cash used in investing activities
-245,331	-225,736	216,946	-220,137	-89,131	48,526	147,724	99,085	84,105	-60,776	-203,166	-14,785	-125,080	52,716	-184,385	94,884	-100,978	261,936	7,024	239,471	-135,206	-161,947	169,042	-131,666	34,172	-82,447	-436,252	-233,659	304,709	-212,058	-89,126	-102,749	142,917	-26,723	219,484	-46,888	61,260	-210,468	-441,576	-619,577	1,016,178
Financing activities:
Net increase in non-interest bearing demand deposits
118,934	-30,025	21,023	-3,812	103,879	23,067	-5,250	-2,334	196,102	-1,574	-37,612	-72,927	197,317	-51,092	109,676	-77,180	27,029	60,352	84,052	-33,636	108,597	35,959	12,713	51,586	163,485	14,878	37,911	1,394	146,577	356,255	290,722	28,337	-136,582	451,649	-56,427	54,094	-161,374	-66,537	-11,179	27,612	-72,173
Net decrease (increase) in savings and interest-bearing demand deposits
22,127	13,067	-49,564	-42,423	78,512	37,044	807	-163,380	148,635	-8,251	18,643	-51,568	82,579	121,091	33,232	-67,884	97,067	39,188	-34,305	-124,055	113,714	28,140	38,795	-7,317	40,450	166,490	-74,646	-34,796	1,413	182,396	-25,766	218,342	-215,514	287,163	47,109	-56,434	-92,987	-56,346	-82,177	-50,268	-71,499
Net increase (decrease) in time deposits
42,793	30,931	11,944	-21,037	16,994	-9,167	-19,584	-19,570	-34,717	-58,824	-73,424	-33,889	-25,667	-6,225	-21,455	-43,807	-46,616	-30,067	-46,801	-27,397	-12,014	-39,547	-60,074	-57,873	-11,117	-50,749	-44,183	-89,417	-118,660	-242,609	-222,574	88,487	19,627	-14,268	-42,613	-70,716	1,349	14,466	-111,012	6,263	129,281
Net increase (decrease) in securities sold under repurchase agreements
29,936	-52,798	48,146	-37,442	48,641	-103,814	27,048	47,802	-94,852	-24,228	17,622	50,634	-195,208	-227,914	-62,040	10,677	-43,510	-3,240	-76,199	33,806	15,055	-11,061	-654	32,895	-120,211	-43,756	-23,934	-30,516	-74,092	-43,933	-156,386	-32,436	13,805	-38,188	-36,772	4,448	-14,129	-44,830	-12,417	11,749	36,951
Net decrease (increase) in other borrowed funds
101,954	169,955	-351,820	297,481	-194,770	30,765	-178,050	21,350	-363,625	127,725	181,000	123,500	29,625	106,375	74,875	52,475	-6,100	-297,800	-16,775	-121,132	-132,487	86,763	-371,636	210,414	-75,547	-65,543	537,035	364,965	-361,534	133,966	472,966	-56,033	-296,033	-63,583	-198,157	-16,058	-254,821	104,480	378,800	443,925	-1,248,050
Redemption of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	0	0	10,310	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
29,371	28	17,689	74	54	-	-	-	-	55	11	24	97	7	0	0	7,959	3,532	1,901	0	1,245	7,206	3,855	2,107	5,755	-	-	-	-	624	121	413	558	-	-	-	-	-	-	-	-
Proceeds from stock transactions
225	406	643	276	598	364	340	378	440	270	93	348	744	290	91	56	112	122	603	592	53	150	114	171	120	119	82	51	13	8	10	23	10	1	2	2	108	-	-	-	-
Payments of dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,349	2,511	2,700	2,700	2,700	2,700	2,700	2,700	2,700	2,700	4,050	1,350
Net cash (used in) provided by financing activities
286,598	95,659	-337,316	134,373	53,800	-68,510	-203,695	-137,625	-148,017	13,262	106,311	-5,719	89,293	-78,928	134,379	-144,786	20,023	-254,233	-105,327	-291,080	91,673	70,177	-384,597	211,028	-18,885	5,983	432,265	198,243	-406,283	193,666	105,506	-263,201	86,247	75,150	-279,505	-103,698	-15,832	180,977	342,680	466,303	-939,496
(Decrease) increase in cash and cash equivalents
97,888	-29,699	-34,600	-28,045	32,367	31,133	20,542	10,500	-10,735	-25,218	-26,346	19,116	28,607	20,301	3,546	-13,119	-14,583	31,371	-18,710	-18,004	23,250	-48,424	-148,125	100,408	76,502	-27,729	63,590	3,965	-48,141	23,009	40,184	-331,137	289,159	32,446	7,517	-80,948	105,056	-16,070	-30,417	-132,519	152,182
Supplemental cash flow information:
Interest paid
13,353	13,466	14,660	14,620	13,982	13,572	25,458	-459	12,052	29,260	-507	-169	10,411	10,724	10,138	12,075	11,132	11,011	10,943	11,057	11,549	11,509	11,399	11,771	12,594	13,413	13,495	14,320	15,590	16,780	18,383	20,775	21,493	22,166	23,039	26,204	26,290	27,476	27,832	31,013	29,716
Income taxes paid
206	-	-	-	-	-	-	-	-	-	-	-	-	8,436	15,314	26,075	100	19,016	8,378	37,790	50	15,462	11,624	47,636	5,652	15,052	10,309	30,171	5,000	14,032	7,552	14,669	50	15,900	2,249	37,393	5,380	23,201	9,682	41,432	4,120
Non-cash investing and financing activities:
Purchases of available-for-sale securities not yet settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,079	-	-	-	37,545	-	439,813	-23,768	26,195	-	-	-	384,841	-290,932	422,879	11,208	17,061
Net transfers from loans to other real estate owned
486	634	-900	21,577	704	1,001	470	31,059	80	1,050	88	1,441	9	580	0	822	1,161	-3,161	852	3,836	2,248	-43	725	1,195	486	10,059	286	-6,445	5,788	-1,253	-1,911	28,840	28,765	-14,114	3,736	39,462	2,921	2,820	30,885	14,676	11,048
Establishment of lease liability and right-of-use asset
-	0	0	0	6,171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net transfers from bank premises and equipment to other assets
7,546	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued dividends, preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-250	0	1,350	0	0	0	1,350	0	0	0	1,350