Marlin business services corp. (MRLN)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

27,116

24,980

25,292

17,279

15,966

19,350

16,231

11,697

6,175

5,668

1,036

Adjustments to reconcile Net (loss) income to net cash provided by operating activities:
Depreciation and amortization

4,065

3,146

2,964

1,823

1,684

1,612

1,816

2,259

2,476

2,578

2,481

Stock-based compensation

3,079

3,394

2,738

1,837

2,736

1,964

2,560

2,560

2,315

2,617

1,450

Excess tax (benefits) deficit from stock-based payment arrangements

-

-

-

-24

333

754

1,052

592

1,283

72

48

Amortization of deferred net losses on cash flow hedge derivatives

-

-

-

-

-

-

-

53

161

229

159

Change in fair value of derivatives

-

-

-

-

-

-

-2

-6

-53

2,303

1,837

Unrealized gains and (losses) recognized during the reporting period on equity securities still held at the reporting date

104

-75

0

-

-

-

-

-

-

-

-

Cash flow hedge gains reclassified from accumulated other comprehensive income

-

-

-

-

-

-

-

-

-

-

880

Provision for credit losses

28,036

19,522

18,394

12,414

9,995

9,116

9,617

5,920

4,134

9,438

27,189

Net deferred income taxes

-8,233

-5,821

-1,598

1,746

382

848

57

3,031

6,255

-14,078

-255

Amortization of deferred initial direct costs and fees

-14,846

-13,361

-11,375

-

-

-

-

-

-

-

-

Amortization of deferred initial direct costs and fees

-

-

-

-8,694

-7,530

-7,263

-6,774

-5,680

-5,164

-6,999

-11,843

Deferred initial direct costs and fees

-

-

-

0

0

-7,096

-7,762

-7,773

-5,612

-

-

Deferred initial direct costs and fees

-

-

-

-

-

-

-

-

-

3,551

2,561

Loss on equipment disposed

-1,819

-1,219

-1,070

-846

-537

-1,405

-2,384

-3,097

-2,827

-2,562

-1,767

Gain on leases sold

22,210

8,363

2,818

473

76

0

0

-

-

-

-

Leases originated for sale

62,371

17,436

4,669

1,226

3,589

0

0

-

-

-

-

Proceeds from sale of leases originated for sale

64,751

18,069

4,727

1,234

3,665

0

0

-

-

-

-

Non cash lease expense

1,201

-

-

-

-

-

-

-

-

-

-

Adjustment to value of contingent consideration

250

-

-

-

-

-

-

-

-

-

-

Effect of changes in other operating items:
Other assets

1,574

-16,942

19,026

2,657

3,598

-1,682

-13,878

729

-5,040

14,108

-2,528

Other liabilities

-4,717

3,652

11,226

-587

1,001

-1,025

1,529

5,772

915

-2,071

-10,026

Net cash provided by used in operating activitiesContinuingOperations

-

-

-

37,462

35,136

32,669

45,920

-

-

-

-

Net cash provided by operating activities

62,420

84,381

52,871

-

-

-

-

24,919

16,110

22,064

33,356

Cash flows from investing activities:
The net cash inflow or outflow of time deposits in other financial institutions

-3,268

-1,549

1,495

-2,237

-7,368

0

0

-

-

-

-

Purchases of equipment for direct financing lease contracts and funds used to originate loans

816,834

722,745

634,709

515,237

389,810

335,272

349,915

-

-

-

-

Proceeds from Loan and Lease Originations and Principal Collections

517,338

476,533

426,482

-

-

-

-

-322,284

-229,054

-

-

Purchases of equipment for direct financing lease contracts and funds used to originate loans

-

-

-

-

-

-

-

-

-

134,705

88,934

Principal collections on leases and loans

-

-

-

-359,273

-315,847

-288,864

-241,538

-196,171

-183,101

-213,973

-270,680

Proceeds from sale of leases originated for investment

267,874

129,290

64,895

17,371

0

-

-

-

-

-

-

Security deposits collected, net of refunds

-246

-210

-448

-715

-392

-31

-147

-337

-1,910

-2,656

-4,484

Proceeds from the sale of equipment

2,654

3,120

3,415

3,533

3,368

3,319

3,453

4,350

5,079

4,981

4,999

Acquisitions of property and equipment

5,657

1,836

1,854

1,019

2,350

1,614

1,011

961

823

472

418

Business combinations

0

10,000

-2,500

0

0

-

-

-

-

-

-

Change in restricted interest-earning deposits with banks

-

-

-

0

-495

-562

-2,247

-25,117

-18,470

-16,293

-2,812

Purchases of securities available for sale

-

-

5,601

-

858

-53

1,047

3,029

188

1,539

0

Proceeds From Sale Of Available For Sale Securities

98

465

-

504

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-138,527

-81,068

-44,119

-104,882

-

-

-

-

Net cash provided by (used in) investing activities

-38,041

-126,932

-148,825

-

-

-

-

-100,973

-25,325

95,875

184,655

Cash flows from financing activities:
Net change in deposits

83,356

-53,539

111,958

109,417

37,821

47,081

124,850

179,609

105,660

12,631

16,903

Term securitization advances

0

201,650

0

0

-

-

-

-

-

68,169

0

Term securitization repayments

74,670

50,417

0

0

-

-

-

45,119

83,064

166,701

214,669

Bank facility advances

-

-

-

-

-

-

-

11,902

40,681

48,109

61,166

Bank facility repayments

-

-

-

-

-

-

15,514

43,273

44,263

77,913

82,819

Business combinations earn-out consideration payments

461

0

-

-

-

-

-

-

-

-

-

Other short-term borrowing advances

-

-

-

-

-

-

-

-

-

-

2,200

Other short-term borrowing repayments

-

-

-

-

-

-

-

-

-

-

2,200

Issuances of common stock

410

401

356

259

234

253

270

136

172

173

108

Repurchases of common stock

7,323

2,908

4,501

345

11,320

5,727

1,168

2,189

6,449

772

400

Dividends paid

6,865

6,936

6,958

6,907

32,249

6,062

31,369

3,552

766

0

0

Exercise of stock options

0

23

488

77

586

154

1,524

851

1,234

162

167

Excess Tax Benefit From Share Based Compensation Financing Activities

-

-

-

-

-

-

1,052

592

1,283

72

48

Excess tax benefit deficit from share based compensation financing activities

-

-

-

24

-333

-754

-

-

-

-

-

Debt issuance costs

0

1,668

0

0

-

-

-

218

14

1,900

1,728

Net cash used in financing activities

-

-

-

102,477

-4,595

36,453

79,645

-

-

-

-

Net increase (decrease) in total cash and cash equivalents

-

-

-

1,412

-50,527

25,003

20,683

22,685

5,259

-31

-3,213

Net cash used in financing activities

-5,553

86,606

101,343

-

-

-

-

98,739

14,474

-117,970

-221,224

Net increase (decrease) in total cash and cash equivalents

18,826

44,055

5,389

-

-

-

-

-

-

-

-

Supplemental disclosures of cash flow information:
Cash paid for interest on deposits and borrowings

23,535

16,130

10,329

-

-

-

-

-

-

-

-

Cash paid for interest on deposits and borrowings

-

-

-

7,145

5,118

4,258

3,474

5,553

10,078

14,147

26,059

Net cash paid (refunds received) for income taxes

2,574

-12,634

10,195

8,185

13,309

10,243

-5,471

9,554

4,538

3,878

499

Transfer of leases to held-for-sale

248,044

121,559

62,077

16,884

0

-

-

-

-

-

-

Supplemental disclosures of non cash investing activities:
Acquisition of property and equipment through capital lease arrangements

0

0

385

0

0

-

-

-

-

-

-

Noncash or Part Noncash Acquisition, Value of Assets Acquired

0

3,376

0

0

0

-

-

-

-

-

-

Noncash or Part Noncash Acquisition, Fixed Assets Acquired

6,916

8,588

10,681

0

-

-

-

-

-

-

-