INTERNATIONAL BANCSHARES CORPORATION IBOC Cash Flow

International bancshares corporation (IBOC)

CashFlow / TTM

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
188,036	205,104	211,899	211,550	214,417	215,931	202,637	191,170	178,852	157,436	147,674	143,833	132,952	133,932	133,429	129,661	133,848	136,726	140,310	141,523	145,367	153,151	153,540	152,134	141,928	126,351	113,128	107,180	104,217	107,835	112,488	117,241	125,315	127,149	127,196	130,114	131,498	130,023	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit loss expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for probable loan losses
-	-	-	-	-	6,112	5,337	7,648	11,183	11,221	14,071	6,133	12,425	19,859	20,313	30,492	31,162	24,405	24,860	18,844	14,722	14,423	13,946	16,930	17,627	22,968	28,779	28,328	30,093	27,959	26,226	26,547	18,523	17,318	15,150	16,317	19,663	22,812	0	0	0
Accretion of time deposit discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	14	14	14	14	0	0	0
Specific reserve, other real estate owned
-851	-322	-192	-501	-3,008	-3,071	-3,413	-3,051	-736	-710	-565	-2,098	-2,349	-2,351	0	0	0	-	-	-	-	-779	-1,097	-964	-1,412	-1,204	-222	-2,995	-2,133	-1,776	-19,913	-16,775	-9,673	-9,806	0	0	0	-	-	-	-
Depreciation of bank premises and equipment
28,398	28,270	27,916	27,249	26,581	25,873	25,442	25,389	25,327	25,281	25,111	24,879	24,785	24,738	24,774	24,839	24,963	25,009	24,728	24,425	24,147	24,013	24,423	24,919	25,484	26,017	26,098	26,283	26,454	26,756	30,521	32,394	33,535	34,935	33,393	33,672	34,710	35,395	0	0	0
Gain on sale of bank premises and equipment
552	237	1,370	1,503	1,491	1,456	301	169	31	38	254	426	443	450	468	-117	-83	-14	-553	-156	793	3,658	5,418	5,530	5,024	2,089	430	735	589	538	828	348	26	361	97	162	-10	22	0	0	0
Gain on sale of other real estate owned
1,080	1,470	1,394	1,416	1,932	1,465	1,753	1,394	701	703	223	-144	-42	-86	-182	-93	-11	57	816	840	728	933	573	570	654	460	-526	-695	-681	-488	928	879	788	738	0	0	0	-	-	-	-
Accretion of investment securities discounts
493	428	373	324	251	271	295	307	348	393	440	499	538	539	773	1,077	1,381	1,704	1,784	1,780	1,778	2,608	3,342	3,927	4,405	4,025	3,693	3,486	3,334	3,195	3,040	2,732	2,403	2,081	1,796	1,770	1,698	1,693	0	0	0
Amortization of investment securities premiums
23,898	20,549	18,145	17,470	18,411	20,087	21,592	22,320	22,719	24,040	25,799	27,139	27,762	26,873	25,945	26,237	26,915	28,000	27,830	27,254	27,181	26,729	28,675	33,538	39,806	44,245	45,877	41,418	35,270	30,501	24,684	21,478	18,657	18,362	19,273	18,494	16,910	13,211	0	0	0
Investment securities transactions, net
-13	-12	0	0	0	-	-	-	-	-4,774	-2,533	-3,878	-1,566	-2,626	-4,959	-3,614	-3,814	-3,682	-428	-6,874	-6,826	1,283	1,283	7,729	8,108	9,601	12,520	45,455	46,875	38,446	43,364	17,016	17,041	17,285	0	0	0	-	-	-	0
Impairment charges on available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	354	535	694	851	954	965	989	954	817	626	926	1,154	1,374	1,692	1,358	1,163	1,039	923	970	914	977	1,125	39,668	1,462	8,416	0	0	0
Unrealized gain on equity securities with readily determinable fair values
50	158	159	823	524	-388	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of junior subordinated debenture discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	17	26	35	35	0	0	0
Amortization of identified intangible assets
-	-	-	-	-	-	-	-	-	25	57	89	121	128	299	428	557	644	584	540	1,527	2,389	3,428	4,467	4,477	4,633	4,639	4,646	4,651	4,651	4,806	4,967	5,127	5,293	5,288	5,285	5,286	5,284	0	0	0
Stock based compensation expense
934	980	1,024	1,069	1,115	1,035	959	889	820	903	959	1,012	1,065	1,082	1,122	1,143	1,165	1,172	1,164	1,176	1,189	1,058	858	658	461	414	430	442	457	474	473	445	416	387	383	432	484	534	0	0	0
Losses (earnings) from affiliates and other investments
-51	3,914	6,106	8,091	14,625	15,484	15,907	15,291	14,611	13,198	14,719	14,350	13,982	14,315	11,457	11,204	12,113	12,176	10,301	12,344	11,080	10,903	13,176	10,683	17,213	18,806	17,141	15,753	9,544	9,892	8,927	10,001	11,732	11,633	15,625	17,513	17,251	15,023	0	0	0
Deferred tax expense
-9,379	3,309	4,100	5,544	3,439	5,143	5,969	4,721	4,610	4,570	528	7,132	6,285	7,306	5,146	-64	2,333	-332	3,240	1,174	-776	-1,027	-2,485	-626	-1,385	-1,817	3,331	1,780	4,734	7,923	-798	2,853	227	-2,299	8,589	4,559	6,543	-3,532	0	0	0
Increase in accrued interest receivable
-336	-183	968	2,194	4,633	2,347	2,113	4,181	2,648	2,284	3,322	234	575	600	-483	5	-777	111	866	256	2,018	807	-410	375	-75	-380	-1,503	-579	-1,266	-968	307	-2,679	-3,400	-3,658	-5,318	-5,163	-2,895	-6,071	0	0	0
Increase in other assets
-28,500	-8,043	20,510	34,621	30,039	51,827	71,380	59,632	62,384	16,117	-11,987	-10,108	-7,013	-7,494	4,382	-2,045	-5,969	-2,967	-12,530	-5,543	-17	1,621	791	4,805	-11,321	-20,612	-11,503	-12,012	-3,647	5,392	46,912	32,296	3,354	-2,303	-44,016	-36,433	-4,194	-7,824	0	0	0
Increase in other liabilities
12,766	32,157	11,633	21,220	18,877	24,916	23,811	16,625	15,603	592	10,637	-7,020	185	-7,705	-21,953	-2,072	-16,786	-6,567	-1,424	-2,773	-6,793	-7,482	-1,509	-1,718	9,952	-2,274	-2,152	-2,786	-119	7,106	3,851	-2,770	488	-4,966	-28,601	-23,854	-36,586	1,652	0	0	0
Net cash provided by operating activities
300,488	311,565	262,304	253,047	244,368	229,847	201,026	195,022	185,602	196,819	221,036	204,079	201,242	203,220	180,375	206,416	203,238	203,649	223,327	211,164	198,605	193,037	198,426	198,573	216,908	209,126	201,792	158,019	153,451	160,013	102,631	146,365	181,190	180,823	210,225	211,166	162,283	178,155	0	0	0
Investing activities:
Proceeds from maturities of securities
0	-	-	-	-	2,275	0	0	0	-	-	-	-	-	-	-	-	1,075	0	0	0	-	-	-	-	-	-	-	-	1,125	0	0	0	-	-	-	-	4,423	0	0	0
Proceeds from sales and calls of available for sale securities
72,085	94,585	93,480	80,725	61,450	38,175	154,322	142,027	292,662	396,066	306,125	429,389	435,631	352,743	459,918	329,419	196,534	164,163	30,282	283,574	369,601	621,588	621,587	368,295	258,276	178,123	280,392	1,487,972	1,543,024	1,382,231	1,455,943	400,376	767,501	1,102,849	1,007,706	872,705	556,030	1,149,021	0	0	0
Purchases of available for sale securities
1,168,352	893,301	380,095	380,095	192,237	47,346	285,111	687,240	797,487	1,182,006	1,079,832	1,285,652	1,391,591	1,325,657	1,232,549	693,060	433,883	352,513	632,478	638,899	898,727	971,358	758,590	1,226,899	1,477,961	1,384,254	1,971,834	3,019,776	3,026,157	3,081,034	3,018,501	1,692,476	1,901,572	2,231,330	2,306,732	2,759,402	2,967,482	2,666,596	0	0	0
Principal collected on mortgage backed securities
1,006,882	882,479	711,803	629,720	619,231	675,304	736,340	770,786	781,604	780,097	832,046	885,300	926,638	919,594	856,145	829,205	833,222	854,736	864,582	851,904	817,812	787,361	781,148	842,298	998,832	1,223,532	1,363,662	1,399,763	1,383,650	1,294,197	1,251,351	1,145,641	1,004,026	999,419	1,051,488	1,124,998	1,140,029	1,085,817	0	0	0
Net increase in loans
349,286	375,621	461,440	448,948	298,060	258,142	318,071	275,565	454,474	394,267	327,399	259,526	85,363	38,523	-15,375	205,806	195,149	297,689	300,613	373,556	516,218	502,129	630,189	548,036	473,592	444,919	201,882	65,348	-31,603	-170,072	-211,514	-338,892	-391,536	-306,915	-260,948	-137,261	-76,707	-164,241	0	0	0
Purchases of other investments
46,510	52,795	42,444	51,727	38,500	43,418	50,825	49,110	41,253	26,193	13,673	52,044	51,157	49,013	47,390	5,373	16,564	16,355	22,259	27,491	20,471	20,602	13,768	7,440	2,644	2,475	2,909	3,005	4,590	4,228	12,956	11,628	11,374	11,941	7,140	8,597	8,141	7,438	0	0	0
Distributions from other investments
24,624	44,919	53,467	51,147	44,978	3,668	22,889	23,579	21,154	20,344	5,257	24,801	23,671	23,276	21,354	11,903	22,112	18,293	10,148	23,196	8,214	18,152	24,609	-9,364	5,860	5,457	-12,096	-10,307	-7,928	-7,410	18,661	42,770	28,772	33,320	14,544	-9,446	-9,370	20,910	0	0	0
Purchases of bank premises and equipment
26,229	29,590	28,948	25,530	24,006	21,395	20,268	16,974	13,872	14,315	36,579	39,311	37,877	38,856	16,581	15,008	16,966	19,831	24,101	33,497	43,730	50,360	61,313	62,541	58,286	50,016	69,172	61,069	58,630	62,030	30,593	28,657	25,733	20,393	18,160	16,418	15,523	15,953	0	0	0
Proceeds from sales of bank premises and equipment
721	1,861	4,585	3,812	5,667	4,533	-5,305	-3,815	2,372	2,201	6,884	9,898	2,552	3,701	10,771	5,634	5,125	4,515	1,705	2,526	5,870	8,424	10,299	8,787	5,810	2,533	4,433	5,609	7,082	7,575	4,334	3,111	1,183	1,719	1,331	1,436	1,616	2,005	0	0	0
Proceeds from sales of other real estate owned
10,732	9,405	4,596	5,071	4,874	4,179	13,485	14,485	13,597	14,266	15,656	14,411	14,431	13,772	4,414	5,952	13,022	16,831	21,001	22,528	16,797	18,525	14,118	17,507	24,319	23,170	32,426	36,282	32,077	38,766	43,490	33,049	33,000	25,324	0	0	0	-	-	-	-
Net cash used in investing activities
-474,258	-318,058	-43,796	-113,018	206,204	379,440	270,138	-80,752	-194,622	-403,807	-290,315	-271,534	-161,865	-137,763	71,457	262,866	407,453	373,225	-50,658	111,360	-259,777	-90,399	-10,899	-616,193	-718,186	-447,649	-577,260	-230,134	-99,224	-261,016	-75,681	232,929	288,790	207,133	23,388	-637,672	-1,210,361	-255,443	0	0	0
Financing activities:
Net increase in non-interest bearing demand deposits
106,120	91,065	144,157	117,884	119,362	211,585	186,944	154,582	83,989	85,204	35,686	182,974	178,721	8,433	119,877	94,253	137,797	219,365	194,972	123,633	208,855	263,743	242,662	267,860	217,668	200,760	542,137	794,948	821,891	538,732	634,126	286,977	312,734	287,942	-230,244	-184,996	-211,478	-122,277	0	0	0
Net decrease (increase) in savings and interest-bearing demand deposits
-56,793	-408	23,569	73,940	-47,017	23,106	-22,189	-4,353	107,459	41,403	170,745	185,334	169,018	183,506	101,603	34,066	-22,105	-5,458	-16,506	56,594	173,332	100,068	238,418	124,977	97,498	58,461	74,367	123,247	376,385	159,458	264,225	337,100	62,324	184,851	-158,658	-287,944	-281,778	-260,290	0	0	0
Net increase (decrease) in time deposits
64,631	38,832	-1,266	-32,794	-31,327	-83,038	-132,695	-186,535	-200,854	-191,804	-139,205	-87,236	-97,154	-118,103	-141,945	-167,291	-150,881	-116,279	-125,759	-139,032	-169,508	-168,611	-179,813	-163,922	-195,466	-303,009	-494,869	-673,260	-495,356	-357,069	-128,728	51,233	-107,970	-126,248	-97,514	-165,913	-88,934	38,998	0	0	0
Net increase (decrease) in securities sold under repurchase agreements
-12,158	6,547	-44,469	-65,567	19,677	-123,816	-44,230	-53,656	-50,824	-151,180	-354,866	-434,528	-474,485	-322,787	-98,113	-112,272	-89,143	-30,578	-38,399	37,146	36,235	-99,031	-131,726	-155,006	-218,417	-172,298	-172,475	-304,927	-306,847	-218,950	-213,205	-93,591	-56,707	-84,641	-91,283	-66,928	-59,627	-8,547	0	0	0
Net decrease (increase) in other borrowed funds
217,570	-79,154	-218,344	-44,574	-320,705	-489,560	-392,600	-33,550	68,600	461,850	440,500	334,375	263,350	227,625	-176,550	-268,200	-441,807	-568,194	-183,631	-538,492	-206,946	-150,006	-302,312	606,359	760,910	474,923	674,432	610,363	189,365	254,866	57,317	-613,806	-573,831	-532,619	-364,556	212,401	672,384	-320,845	0	0	0
Redemption of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,310	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
47,162	17,845	0	0	0	-	-	-	-	187	139	128	104	7,966	11,491	13,392	13,392	6,678	10,352	12,306	14,413	18,923	0	0	0	-	-	-	-	1,716	0	0	0	-	-	-	-	-	-	-	-
Proceeds from stock transactions
1,550	1,923	1,881	1,578	1,680	1,522	1,428	1,181	1,151	1,455	1,475	1,473	1,181	549	381	893	1,429	1,370	1,398	909	488	555	524	492	372	265	154	82	54	51	44	36	15	113	0	0	0	-	-	-	-
Payments of dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,260	10,611	10,800	10,800	10,800	10,800	10,800	12,150	10,800	0	0	0
Net cash (used in) provided by financing activities
179,314	-53,484	-217,653	-84,032	-356,030	-557,847	-476,075	-166,069	-34,163	203,147	110,957	139,025	-42	-69,312	-244,617	-484,323	-630,617	-558,967	-234,557	-513,827	-11,719	-122,277	-186,471	630,391	617,606	230,208	417,891	91,132	-370,312	122,218	3,702	-381,309	-221,806	-323,885	-218,058	404,127	974,128	50,464	0	0	0
(Decrease) increase in cash and cash equivalents
5,544	-59,977	855	55,997	94,542	51,440	-4,911	-51,799	-43,183	-3,841	41,678	71,570	39,335	-3,855	7,215	-15,041	-19,926	17,907	-61,888	-191,303	-72,891	-19,639	1,056	212,771	116,328	-8,315	42,423	19,017	-316,085	21,215	30,652	-2,015	248,174	64,071	15,555	-22,379	-73,950	-26,824	0	0	0
Supplemental cash flow information:
Interest paid
56,099	56,728	56,834	67,632	52,553	50,623	66,311	40,346	40,636	38,995	20,459	31,104	43,348	44,069	44,356	45,161	44,143	44,560	45,058	45,514	46,228	47,273	49,177	51,273	53,822	56,818	60,185	65,073	71,528	77,431	82,817	87,473	92,902	97,699	103,009	107,802	112,611	116,037	0	0	0
Income taxes paid
0	-	-	-	-	-	-	-	-	-	-	-	-	49,925	60,505	53,569	65,284	65,234	61,680	64,926	74,772	80,374	79,964	78,649	61,184	60,532	59,512	56,755	41,253	36,303	38,171	32,868	55,592	60,922	68,223	75,656	79,695	78,435	0	0	0
Non-cash investing and financing activities:
Purchases of available-for-sale securities not yet settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	0	0	0	-	-	-	527,996	160,216	0	0	0
Net transfers from loans to other real estate owned
21,797	22,015	22,382	23,752	33,234	32,610	32,659	32,277	2,659	2,588	2,118	2,030	1,411	2,563	-1,178	-326	2,688	3,775	6,893	6,766	4,125	2,363	12,465	12,026	4,386	9,688	-1,624	-3,821	31,464	54,441	41,580	47,227	57,849	32,005	48,939	76,088	51,302	59,429	0	0	0
Establishment of lease liability and right-of-use asset
-	6,171	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net transfers from bank premises and equipment to other assets
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued dividends, preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,100	1,350	1,350	1,350	1,350	1,350	1,350	1,350	0	0	0