LAKELAND FINANCIAL CORPORATION LKFN Cash Flow

Lakeland financial corporation (LKFN)

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
Cash flows from operating activities:
Net income
82,664	87,047	86,212	85,328	83,757	80,411	70,675	65,930	61,152	57,330	59,225	56,880	54,319	52,084	50,848	48,933	47,510	46,367	45,151	45,097	45,029	43,805	43,323	41,581	39,505	38,839	36,853	36,431	36,014	35,394	35,053	34,153	33,323	30,662	0	0	0
Adjustments to reconcile net income to net cash from operating activities:
Depreciation
6,027	5,930	5,883	5,823	5,667	5,654	5,606	5,468	5,358	5,119	4,815	4,632	4,411	4,229	4,036	3,852	3,785	3,758	3,753	3,670	3,538	3,412	3,326	3,266	3,144	2,993	2,935	2,836	2,803	2,790	2,648	2,517	2,394	2,279	0	0	0
Provision for loan losses
8,635	3,235	3,285	3,385	4,300	6,400	7,950	7,300	6,100	3,000	2,300	1,850	1,350	1,150	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	2,549	4,199	6,599	8,999	13,800	0	0	0
Net loss on sale and write down of other real estate owned
-	-	-	-	-	-16	-7	-33	-33	-12	-31	-10	-12	-17	14	32	36	48	101	231	172	159	103	47	9	10	305	107	102	99	-243	-227	-216	-387	0	0	0
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	48	49	51	52	52	53	53	54	0	0	0
Amortization of loan servicing rights
573	528	492	493	493	503	524	546	573	599	597	609	611	598	592	570	556	553	550	543	538	526	524	523	547	585	640	705	726	728	708	675	630	594	0	0	0
Net change in loan servicing rights valuation allowance
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-42	-189	-83	-41	-66	8	71	27	86	0	0	0
Loans originated for sale, including participations
75,355	66,008	54,400	48,384	47,764	49,816	51,642	53,687	52,882	54,188	60,133	68,048	70,469	69,998	57,648	53,448	58,008	64,346	74,460	67,326	64,751	55,107	51,975	56,283	59,297	81,671	98,430	106,479	124,015	119,647	119,726	112,590	93,727	78,425	0	0	0
Net gain on sales of loans
2,205	2,043	1,692	1,636	1,621	1,713	1,764	1,657	1,735	1,749	1,892	2,092	2,072	2,047	1,824	1,650	1,628	1,650	1,675	1,523	1,371	1,202	1,194	1,378	1,732	2,561	3,072	3,341	3,253	2,805	2,634	2,193	1,963	1,712	0	0	0
Proceeds from sale of loans, including participations
71,586	64,820	51,280	49,357	47,051	51,715	53,468	52,596	56,054	57,621	62,156	69,074	70,092	68,692	56,514	53,886	59,018	63,601	74,035	65,902	65,422	56,065	52,049	61,537	64,959	91,016	106,204	108,546	124,291	115,163	120,255	112,044	91,151	82,161	0	0	0
Net loss on sales of premises and equipment
-17	3	25	20	0	-1	-26	-106	-81	-79	0	0	0	-	-	-	-	-7	-21	-18	-21	-24	0	0	0	-	-	-	-	-	-	-	-	-17	0	0	0
Net gain on sales and calls of securities available-for-sale
119	142	50	44	-21	-50	-26	-26	23	32	66	66	17	66	52	52	52	42	42	-186	-182	-224	-224	110	106	107	108	-378	-378	-376	-377	2	34	-167	0	0	0
Net amortization of available-for-sale securities
3,818	3,947	2,723	2,822	3,109	3,177	2,912	3,010	3,080	3,114	-2,954	-2,847	-2,880	-2,860	-3,185	-3,531	-3,966	-4,464	-4,667	-4,880	-5,123	-5,420	-5,867	-6,519	-7,535	-8,765	-10,096	-10,205	-9,425	-8,209	-6,556	-5,542	-4,656	-3,601	0	0	0
Impairment on available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,026	1,158	1,124	675	286	0	0	0
Stock based compensation expense
3,400	4,187	4,919	5,193	5,397	5,608	5,504	5,561	5,550	5,698	5,525	5,233	4,985	4,210	3,928	3,410	2,966	2,535	2,337	2,496	2,559	2,803	2,864	2,462	2,120	1,962	1,548	1,383	1,355	1,344	1,442	1,384	1,504	1,342	0	0	0
Losses (earnings) on life insurance
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings on life insurance
-	-	-	-	-	1,244	1,675	1,606	1,660	1,768	1,608	1,603	1,689	1,392	1,436	1,265	1,137	1,338	1,267	1,419	1,396	1,393	1,545	1,543	1,620	1,631	1,415	2,211	1,648	955	0	0	0	-	-	-	0
Gain on life insurance
570	841	841	842	846	206	206	205	201	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit of stock award issuances
71	529	529	529	529	761	761	793	801	964	1,018	1,119	1,111	669	637	574	618	148	140	140	75	50	259	151	147	146	346	281	141	-112	-577	-479	-327	-138	0	0	0
Net change:
Interest receivable and other assets
4,566	4,733	4,110	3,528	2,513	3,301	1,050	3,809	1,042	-787	2,422	-2,657	-1,606	1,386	2,197	2,732	3,774	398	958	1,994	2,305	2,687	1,544	25	-6,566	-5,860	-8,475	-9,326	-3,671	-5,057	581	3,001	5,264	4,468	0	0	0
Accrued income receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Accrued expenses payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Interest payable and other liabilities
2,711	6,534	8,939	7,216	7,362	8,481	9,269	7,841	2,716	2,584	-4,801	-7,660	-575	3,757	6,816	9,657	5,213	2,466	5,967	4,787	3,595	2,700	-1,681	1,183	-6,761	-949	3,368	-1,034	10,836	1,585	1,256	1,567	1,231	1,679	0	0	0
Total adjustments
13,231	12,992	15,469	18,752	18,938	24,564	28,598	20,938	21,269	19,912	6,644	6,469	10,174	10,115	11,293	15,181	10,261	9,414	12,687	9,917	10,934	10,576	9,108	15,995	15,246	24,126	27,120	21,142	23,713	15,198	14,902	12,994	11,926	20,740	0	0	0
Net cash from operating activities
95,895	100,039	101,681	104,080	102,695	104,975	99,273	86,868	82,421	77,242	65,869	63,349	64,493	62,199	62,141	64,114	57,771	55,781	57,838	55,014	55,963	54,381	52,431	57,576	54,751	62,965	63,973	57,573	59,727	50,592	49,955	47,147	45,249	51,402	0	0	0
Cash flows from investing activities:
Proceeds from sale of securities available-for-sale
43,421	57,114	41,524	28,799	16,673	15,302	17,354	17,354	36,388	40,877	41,011	41,011	21,977	12,095	6,929	6,929	6,929	7,787	7,787	21,553	21,553	13,766	0	0	0	-	-	-	-	-	-	-	-	73,318	0	0	0
Proceeds from maturities, calls and principal paydowns of securities available-for-sale
68,185	67,818	62,755	59,158	57,184	53,817	55,529	55,717	60,295	61,745	65,365	64,589	63,752	69,343	67,491	72,588	74,915	74,679	72,811	66,434	63,157	57,970	59,957	72,167	88,608	112,624	139,837	146,684	140,862	125,107	107,882	93,703	84,190	84,051	0	0	0
Purchases of securities available-for-sale
127,481	129,453	117,553	113,818	94,893	126,551	125,715	121,852	140,330	139,252	153,341	152,570	141,990	116,196	98,676	101,714	92,710	91,810	84,934	87,769	85,973	73,361	84,094	105,737	123,171	167,450	175,383	191,567	187,747	161,621	160,503	127,010	193,655	179,296	0	0	0
Purchase of life insurance
422	5,552	5,544	5,535	5,527	423	411	400	392	580	3,551	3,542	3,657	3,390	2,748	2,759	2,659	2,629	3,284	3,265	3,244	3,181	180	165	147	140	20,134	20,312	20,300	20,227	182	0	8	134	0	0	0
Proceeds from loans sold to others
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,307	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Net increase in total loans
151,351	152,119	181,096	140,748	94,023	101,670	213,293	285,875	317,724	347,217	354,876	379,661	419,911	391,145	309,838	306,827	344,172	322,114	272,941	221,374	198,512	235,165	318,326	349,300	322,475	280,717	192,910	123,001	41,022	28,728	27,187	72,842	126,599	150,115	0	0	0
Proceeds from sales of land, premises and equipment
22	14	446	443	470	461	29	31	11	10	0	0	0	-	-	-	-	701	925	250	238	232	0	0	0	-	-	-	-	-	-	-	-	33	0	0	0
Purchases of land, premises and equipment
8,040	7,998	8,512	7,944	9,381	7,968	6,916	6,355	7,975	9,582	9,272	12,154	9,183	9,825	12,231	10,331	10,680	9,167	8,438	7,696	6,909	6,565	5,355	7,804	8,233	7,504	6,492	3,225	2,290	2,899	5,963	6,779	6,843	6,660	0	0	0
Proceeds from sales of other real estate
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of other real estate owned
-	-	-	-	-	21	0	0	0	-	-	-	-	136	196	737	947	963	978	1,533	1,429	1,426	1,376	435	684	671	714	1,804	1,710	1,791	2,514	1,495	1,575	2,070	0	0	0
Proceeds from life insurance
0	1,483	1,483	1,484	1,488	569	569	568	564	0	0	0	0	-	-	-	-	-	-	-	-	778	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Net cash from investing activities
-175,666	-168,693	-206,497	-178,152	-128,000	-166,442	-275,008	-342,893	-371,244	-396,050	-417,588	-444,941	-492,300	-442,448	-348,520	-340,660	-364,252	-339,107	-284,032	-226,794	-206,995	-238,474	-327,766	-355,794	-329,600	-312,520	-224,008	-161,759	-80,930	-58,720	-55,945	-111,444	-236,850	-176,733	0	0	0
Cash flows from financing activities:
Net increase in total deposits
134,266	89,754	267,466	286,346	47,949	35,410	141,934	319,014	420,091	430,743	222,048	212,484	428,662	394,491	504,408	383,304	256,496	310,301	257,862	192,406	255,465	327,052	444,846	344,253	287,586	-35,688	-31,271	-41,993	-32,682	169,060	119,738	248,986	191,402	211,671	0	0	0
Net increase in short-term borrowings
-111,500	-75,555	72,648	-96,239	197,284	174,903	33,464	6,051	-45,060	20,607	73,690	288,820	115,272	-19,577	-55,216	-105,247	-1,013	-55,785	11,836	-76,346	-53,844	-101,469	-167,381	63,306	846	139,993	117,407	40,959	-11,650	-20,107	-23,024	-39,738	-19,759	-32,062	0	0	0
Payments on short-term FHLB borrowings
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term FHLB borrowings
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on short term FHLB borrowings
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term FHLB borrowings
-	-	-	-	-	30	-99,970	-99,970	-94,970	2	250,002	250,002	245,002	70,002	35,002	35,002	35,002	35,001	1	1	1	2	2	2	2	15,001	15,001	15,001	15,001	2	2	2	2	1	0	0	0
Common dividends paid
30,747	29,639	28,530	27,423	26,314	25,278	24,243	23,205	22,170	21,396	20,620	19,757	18,892	18,200	17,509	16,904	16,299	15,697	15,097	14,498	13,901	13,555	13,207	12,855	12,503	9,372	11,807	11,462	11,115	13,630	10,579	10,312	10,050	10,045	0	0	0
Payments related to equity incentive plans
-2,050	-2,109	-2,109	-2,089	-2,041	-2,435	-2,435	-2,435	-2,567	-1,736	-803	-1,265	-1,181	614	-445	-235	-442	12	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds related to equity incentive plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from stock option exercise
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Purchase of treasury stock
10,547	515	506	480	473	463	455	468	460	495	488	488	480	458	451	468	462	455	449	427	426	444	445	439	435	399	411	425	422	421	402	317	313	244	0	0	0
Net cash from financing activities
23,599	-48,887	59,071	90,217	46,507	102,209	228,222	298,914	344,791	327,708	203,174	410,065	458,652	466,855	466,686	295,929	274,173	273,362	254,063	100,858	186,939	211,626	264,197	395,065	276,321	80,423	59,973	-27,208	-70,157	135,781	86,114	198,921	161,497	169,774	0	0	0
Net change in cash and cash equivalents
-56,172	-117,541	-45,745	16,145	21,202	40,742	52,487	42,889	55,968	8,900	-148,545	28,473	30,845	86,606	180,307	19,383	-32,308	-9,964	27,869	-70,922	35,907	27,533	-11,138	96,847	1,472	-169,132	-100,062	-131,394	-91,360	127,653	80,124	134,624	-30,104	44,443	0	0	0
Cash paid during the period for:
Interest
58,175	58,964	57,542	52,976	48,830	43,606	39,027	35,325	32,002	29,171	26,140	23,423	20,220	18,567	17,808	17,651	16,656	15,786	15,401	14,964	14,705	14,957	15,699	16,445	17,475	19,137	22,250	24,854	26,535	27,514	27,057	28,475	29,103	29,215	0	0	0
Income taxes
-	-	-	-	-	-	-	-	-	29,120	26,318	24,376	21,617	21,613	21,263	20,452	21,462	21,566	20,066	20,864	20,824	21,185	20,635	19,135	17,745	17,280	14,880	14,008	12,728	12,728	17,928	19,757	20,514	21,529	0	0	0
Supplemental non-cash disclosures:
Loans transferred to other real estate owned
0	-	-	-	0	-	-	-	-	-	-	-	-	105	116	723	692	853	891	450	558	1,101	1,394	1,336	1,228	491	225	269	335	413	447	832	766	958	0	0	0
Securities purchases payable
0	-	0	0	0	-	0	0	1,008	-	897	-2,426	3,532	1,459	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for lease liabilities
0	5,483	5,483	5,483	5,483	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Security purchased not settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-