Investors Bancorp, Inc. ISBC Cash Flow

Investors bancorp, inc. (ISBC)

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
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
186,838	195,484	180,084	182,336	192,809	202,576	164,492	156,113	138,649	126,744	183,962	187,968	193,476	192,125	184,063	183,006	184,227	181,505	180,180	170,426	139,250	131,721	116,151	106,392	119,282	112,031	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
ESOP and stock-based compensation expense
24,657	25,484	25,976	24,513	25,536	24,545	25,759	26,091	25,528	27,071	28,219	28,552	28,489	27,632	25,127	24,223	19,272	14,921	10,469	5,956	18,364	18,702	18,960	19,267	6,646	6,433	0	0	0
Amortization of premiums and accretion of discounts on securities, net
-9,633	-9,251	-9,278	-8,849	-9,579	-10,728	-11,847	-12,278	-12,545	-15,077	-15,272	-15,698	-16,002	-13,702	-13,520	-13,628	-13,740	-13,943	-14,088	-13,592	-11,858	-10,173	-8,566	-7,321	-8,301	-9,735	0	0	0
Amortization of premiums and accretion of fees and costs on loans, net
-1,983	-3,730	-4,753	-5,342	-6,508	-6,571	-6,555	-6,118	-5,390	-4,506	-4,565	-5,619	-5,126	-4,508	-7,281	-8,867	-9,746	-10,122	-7,788	-6,600	-6,986	-1,794	5,320	6,059	12,402	10,517	0	0	0
Amortization of other intangible assets
1,407	1,520	1,680	1,746	1,860	1,974	2,087	2,201	2,314	2,427	2,541	2,640	2,767	2,881	2,997	3,129	3,233	3,350	3,465	3,579	3,692	3,806	3,383	2,960	2,538	2,115	0	0	0
Amortization of debt modification costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Loan and Lease Losses
27,226	-1,000	1,000	5,500	12,500	12,000	13,000	12,750	14,750	16,250	16,500	19,750	18,750	19,750	20,000	20,000	22,000	26,000	32,500	36,500	37,500	37,500	35,250	40,000	45,750	50,500	0	0	0
Depreciation and amortization of office properties and equipment
20,212	19,600	17,662	17,401	17,198	17,100	18,343	18,172	17,885	17,400	17,138	16,826	16,528	16,200	15,643	15,377	14,886	13,930	13,747	13,605	13,235	13,151	11,925	10,321	9,320	8,540	0	0	0
Debt and Equity Securities, Gain (Loss)
-5,398	-5,536	-38,325	-38,258	-31,494	-31,604	1,198	1,101	2	1,275	1,275	1,347	2,939	3,100	3,119	3,980	2,382	1,036	1,894	991	1,057	1,546	735	720	619	772	0	0	0
Mortgage loans originated for sale
332,955	269,773	181,576	123,949	87,810	65,525	57,625	76,087	104,198	140,171	206,115	241,725	257,080	245,792	218,098	194,274	208,746	238,608	226,340	219,121	183,966	150,099	155,868	168,749	264,189	379,806	0	0	0
Proceeds from mortgage loan sales
308,216	247,640	186,339	115,741	83,738	68,202	61,199	78,426	109,848	175,669	226,990	248,855	260,550	219,078	205,729	551,978	566,701	590,636	577,844	220,313	215,302	186,747	193,237	212,568	278,593	405,973	0	0	0
Gain on sales of mortgage loans, net
4,746	3,590	3,494	2,254	1,744	1,566	868	1,252	1,752	2,384	3,611	4,196	4,527	4,154	3,960	4,625	4,719	5,258	5,096	3,858	3,691	2,832	2,814	2,369	3,317	6,207	0	0	0
Gains (Losses) on Sales of Other Real Estate
1,661	1,145	1,436	1,091	994	923	70	503	570	591	1,034	623	503	96	423	1,219	1,326	1,631	1,217	655	750	809	1,496	1,453	1,652	1,451	0	0	0
Income on bank owned life insurance
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on bargain purchase of acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,482	1,482	1,482	1,482	0	0	0	0
Income on bank owned life insurance
-	-	-	-	-	-	-	4,680	4,303	3,742	3,982	4,053	3,888	4,423	4,254	4,197	4,171	3,948	4,015	4,699	4,758	4,652	4,314	3,375	3,072	2,898	0	0	0
Amortization of operating lease right-of-use assets
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in accrued interest receivable
-3,966	1,812	5,668	9,071	8,217	4,646	5,080	4,367	5,278	6,886	7,155	5,086	5,244	7,406	4,869	6,674	5,702	3,296	7,437	4,579	6,312	7,100	3,792	4,466	3,042	-1,496	0	0	0
Deferred tax (benefit) expense
41,158	45,624	25,180	22,487	20,529	15,513	95,954	93,323	94,975	100,008	8,151	6,495	3,872	11,640	-2,841	13,166	6,586	-3,180	-7,834	-17,977	-18,289	-9,786	-10,404	-15,692	-10,126	-20,818	0	0	0
Increase in other assets
78,357	42,170	77,308	43,017	30,371	23,085	-26,316	-11,335	-9,431	-19,840	-10,994	-12,116	-11,357	-3,479	297	-4,839	1,971	-4,245	-2,498	2,581	-11,582	-4,425	-27,941	-1,692	10,357	6,741	0	0	0
Net tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in other liabilities
-147,213	-78,496	-88,210	-64,468	-47,988	-429	-37,373	-24,346	-37,519	-38,542	7,040	-16,972	27,465	-9,862	18,509	-73,699	-76,355	-45,332	-71,852	30,108	2,534	41,263	-1,359	46,440	42,513	-13,530	0	0	0
Total adjustments
-	-	-	-	-	72,999	140,416	136,143	128,285	175,666	105,098	71,301	105,420	35,011	56,383	348,805	332,343	354,614	321,138	62,592	98,258	145,667	133,295	159,299	109,184	64,063	0	0	0
Net cash (used in) provided by operating activities
76,449	160,654	129,502	169,430	208,578	275,575	304,908	292,256	266,934	302,410	289,060	259,269	298,896	227,136	240,446	531,811	516,570	536,119	501,318	233,018	237,508	277,388	249,446	265,691	228,466	176,094	0	0	0
Cash flows from investing activities:
Purchases of loans receivable
395,788	427,053	500,467	545,705	519,107	514,040	558,522	538,664	524,639	540,898	394,449	293,116	234,600	141,562	102,601	210,216	186,794	198,623	230,980	108,293	153,428	233,856	452,923	714,285	953,149	1,054,395	0	0	0
Net payoffs (originations) of loans receivable
-588,456	-101,227	483,043	725,663	656,999	703,577	146,492	106,675	297,434	807,105	1,311,737	1,939,035	2,131,060	1,795,505	1,856,363	1,765,911	1,744,448	1,990,008	2,157,957	2,041,080	1,900,241	1,650,629	1,296,112	1,166,135	1,044,232	778,049	0	0	0
Gain on disposition of loans receivable
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of leased equipment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of loans receivable
239,782	227,522	159,535	36,955	12,101	11,477	793	48,756	48,799	48,902	51,371	3,363	10,513	10,398	28,866	28,937	49,762	49,938	29,360	29,316	1,139	2,425	65,342	163,215	172,037	184,668	0	0	0
Gain on disposition of loans receivable
-	-	-	-	-	-	-	657	700	803	597	687	828	646	881	953	2,285	2,528	2,858	2,814	1,139	2,425	2,396	4,211	4,003	2,541	0	0	0
Net proceeds from sale of other real estate owned
9,700	6,498	8,855	5,994	5,875	6,187	3,672	5,248	5,484	4,751	5,854	4,257	3,718	5,021	4,931	8,333	8,413	7,104	6,428	5,574	7,593	7,614	10,103	9,074	8,699	10,833	0	0	0
Proceeds from principal repayments/calls/maturities of debt securities available for sale
590,680	492,419	393,295	369,814	367,682	384,181	381,527	353,713	343,704	338,049	338,781	329,658	321,046	302,769	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of debt securities available for sale
-	-	-	-	-	-	-	-	-	102,120	101,998	102,120	72,057	57,757	57,879	57,757	32,937	0	50,929	50,929	51,051	51,093	272	272	272	108	0	0	0
Proceeds from paydowns/maturities on mortgage-backed securities held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	139,027	110,742	89,069	80,438	0	0	0
Proceeds from paydowns/maturities on debt securities held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from paydowns/maturities on mortgage-backed securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	162,877	167,395	215,371	284,726	0	0	0
Proceeds from sales of mortgage-backed securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	383,284	383,284	383,284	401,573	0	0	0
Proceeds from paydowns/ maturities of US Government and Agency Obligations held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from maturity of US Government and Agency Obligations available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	3,000	3,000	0	0	0	0
Proceeds from sale of equity securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from other investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from principal repayments/calls/maturities of debt securities held to maturity
262,769	251,574	278,222	274,361	272,545	301,309	308,123	318,696	322,681	321,294	332,198	368,143	375,019	368,543	0	0	0	-	-	-	-	183,482	3,073	4,924	21,648	20,159	0	0	0
Proceeds from sales of debt securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	14,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of equity securities
96	96	95	92	91	90	153	131	108	86	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of debt securities available for sale
950,849	1,034,131	1,614,226	1,714,653	1,188,253	1,182,036	497,487	486,968	630,901	785,831	918,280	946,644	889,315	744,283	554,475	425,258	462,568	375,605	0	0	0	-	-	-	-	-	-	-	-
Purchases of mortgage-backed securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	388,798	419,068	104,704	295,897	0	0	0
Purchases of mortgage-backed securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	970,614	853,004	533,971	202,821	0	0	0
Purchases of debt securities held-to-maturity
253,976	238,670	174,369	134,372	68,452	54,836	184,613	331,491	334,032	364,837	274,618	190,703	209,527	295,157	365,010	407,292	696,998	582,337	1,383,921	1,267,323	936,915	930,256	11,568	9,550	9,401	9,729	0	0	0
Proceeds from redemptions of Federal Home Loan Bank stock
290,103	303,245	302,607	271,643	268,436	252,176	199,521	180,539	187,844	180,599	228,649	273,773	229,304	215,142	196,247	143,033	147,410	157,342	131,402	133,223	143,093	143,707	189,151	192,712	155,456	143,081	0	0	0
Purchases of Federal Home Loan Bank stock
300,281	310,230	334,200	318,388	262,466	280,866	209,110	182,555	200,958	174,265	238,901	310,343	290,869	274,583	235,959	165,445	168,468	184,492	173,262	176,375	133,588	116,403	127,953	146,518	174,926	161,866	0	0	0
Purchases of office properties and equipment
9,926	11,761	13,545	15,522	17,299	14,305	16,182	16,668	16,078	20,235	16,074	18,881	22,105	21,088	25,808	23,795	23,858	25,550	24,753	29,471	32,346	31,655	32,465	27,566	24,204	24,544	0	0	0
Death benefit proceeds from bank owned life insurance
-	-	-	-	-	3,618	3,619	3,619	23,268	10,047	9,644	9,644	-10,009	-875	-472	-471	-3,668	-6,405	-9,611	-10,673	-7,472	-5,455	-2,249	-1,188	-1,188	0	0	0	0
Purchases of bank owned life insurance
-	-	-	-	-	125,000	125,000	125,000	125,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisition
-	-	-	-	-	340,183	340,183	340,183	340,183	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from MHC for merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Cash received, net of cash consideration paid for acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,917	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities
462,033	-247,474	-946,605	-1,393,812	-1,083,805	-1,553,763	-1,109,251	-1,217,421	-1,501,696	-1,687,298	-2,085,330	-2,607,620	-2,742,265	-2,297,946	-2,205,667	-2,151,069	-2,298,204	-2,585,122	-2,947,260	-2,674,618	-2,986,723	-2,936,744	-2,127,076	-2,110,460	-1,624,074	-1,261,322	0	0	0
Cash flows from financing activities:
Net increase in deposits
554,627	280,069	274,943	727,066	1,083,674	222,572	521,343	875,360	1,170,302	2,076,864	1,924,727	1,616,188	1,174,636	1,217,177	1,610,584	1,553,028	1,844,527	1,891,330	1,869,560	1,626,393	965,632	1,198,843	1,233,438	983,991	1,021,087	608,801	0	0	0
Repayments of principal under finance leases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Funds borrowed (repayments of funds borrowed) under other repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143,205	0	0	0
Net increase in borrowed funds
-282,246	192,660	643,022	771,144	68,327	854,148	0	0	0	-	-	988,159	1,566,160	1,283,161	845,158	458,050	376,017	506,986	831,959	1,017,036	-112,962	-508,150	-1,251,773	-1,066,295	285,181	426,347	0	0	0
Principal applied on affordable housing project advance
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in advance payments by borrowers for taxes and insurance
1,284	-8,172	16,321	9,039	19,532	25,583	5,533	2,489	1,344	-1,543	2,682	-4,184	1,221	-2,870	-21,699	31,534	33,040	38,828	56,648	9,718	11,820	1,979	12,094	11,526	12,654	14,447	0	0	0
Dividends paid
120,865	122,163	123,955	120,357	116,811	113,186	108,658	106,376	104,130	101,550	98,742	92,951	87,272	82,291	74,527	73,165	71,386	87,395	84,792	81,811	71,396	42,555	33,853	25,164	23,781	22,404	0	0	0
Exercise of stock options
646	814	1,232	1,181	3,197	5,743	6,744	10,602	8,189	9,141	14,903	30,981	34,148	34,317	30,832	12,255	12,703	10,119	7,945	10,382	7,259	13,810	18,149	17,970	18,439	10,637	0	0	0
Purchase of treasury stock
403,146	475,946	207,413	272,910	270,048	258,175	192,251	137,479	120,888	59,090	83,765	124,257	223,279	363,410	416,167	431,636	488,405	382,922	304,241	215,069	46,299	13,523	13,679	13,679	2,088	1,531	0	0	0
Net tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,310	2,527	2,881	3,710	4,372	3,611	2,022	1,262	0	0	0
Net cash (used in) provided by financing activities
-52,545	64,844	801,908	1,282,769	907,871	856,685	601,616	907,253	1,222,287	1,839,104	2,040,963	2,413,936	2,465,614	2,086,084	1,972,237	1,538,613	1,696,229	1,966,946	2,369,389	2,369,176	2,742,449	2,639,628	1,947,467	1,990,679	1,511,719	1,180,764	0	0	0
Net increase (decrease) in cash and cash equivalents
485,937	-21,976	-15,195	58,387	32,644	-421,503	-202,727	-17,912	-12,475	454,216	244,693	65,585	22,245	15,274	7,016	-80,645	-85,405	-82,057	-76,553	-72,424	-6,766	-19,728	69,837	145,910	116,111	95,536	0	0	0
Non-cash investing activities:
Real estate acquired through foreclosure and other assets repossessed
11,322	12,567	13,025	7,553	7,355	6,674	7,621	5,473	5,429	5,913	4,503	5,009	3,808	3,351	2,840	1,925	3,015	4,448	6,951	7,108	8,114	6,404	3,829	4,528	2,188	4,512	0	0	0
Cash paid during the year for:
Interest
378,970	390,359	374,194	346,083	313,617	275,525	250,756	231,198	212,910	197,810	181,442	166,492	156,845	152,807	151,440	147,872	143,175	135,930	129,110	123,038	120,177	118,140	116,438	113,408	111,564	109,527	0	0	0
Income taxes
35,325	36,146	47,630	52,059	73,192	69,271	89,686	93,261	101,948	101,948	103,374	120,793	85,943	117,127	89,372	76,086	91,876	88,169	108,853	87,086	111,838	85,796	83,611	91,580	79,073	83,918	0	0	0
Initial recognition of operating lease right-of-use assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability
3,536	2,996	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions:
Non-cash assets acquired:
Investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,347	432,297	432,297	432,297	381,950	0	0	0
Loans
-	-	-	-	-	330,747	330,747	330,747	330,747	0	0	0	0	-	-	-	-	-	-	-	-	195,062	1,186,032	1,186,032	1,186,032	990,970	0	0	0
Goodwill and other intangible assets, net
-	-	-	-	-	4,975	4,975	4,975	4,975	0	0	0	0	-	-	-	-	-	-	-	-	1,853	11,635	11,635	11,635	9,782	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,343	99,870	99,870	99,870	78,527	0	0	0
Total non-cash assets acquired
-	-	-	-	-	335,722	335,722	335,722	335,722	0	0	0	0	-	-	-	-	-	-	-	-	268,605	1,729,834	1,729,834	1,729,834	1,461,229	0	0	0
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	254,672	1,595,825	1,595,825	1,595,825	1,341,153	0	0	0
Borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,185	97,255	97,255	97,255	92,070	0	0	0
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,184	23,693	23,693	23,693	20,509	0	0	0
Total liabilities assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	263,041	1,716,773	1,716,773	1,716,773	1,453,732	0	0	0
Common stock issued for acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0