MARLIN BUSINESS SERVICES CORP. MRLN Cash Flow

Marlin business services corp. (MRLN)

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
10,154	27,116	25,124	23,584	23,936	24,980	34,452	31,851	29,937	25,292	14,213	15,253	15,168	17,279	15,429	15,881	15,562	15,966	17,868	17,975	18,762	19,350	17,909	17,692	17,223	16,231	16,450	15,178	13,699	11,697	10,112	8,528	7,070	6,175	0	0	0
Adjustments to reconcile Net (loss) income to net cash provided by operating activities:
Depreciation and amortization
3,913	4,065	4,718	3,308	3,331	3,146	2,869	3,797	3,379	2,964	2,618	2,325	1,984	1,823	1,830	1,790	1,739	1,684	1,650	1,630	1,609	1,612	1,523	1,502	1,663	1,816	2,086	2,239	2,260	2,259	2,213	2,295	2,383	2,476	0	0	0
Stock-based compensation
2,736	3,079	3,545	3,561	3,334	3,394	3,119	2,873	2,681	2,738	2,636	2,324	2,072	1,837	2,602	2,576	2,570	2,736	1,871	1,860	1,876	1,964	2,619	2,687	2,716	2,560	1,932	1,847	1,849	2,560	2,492	2,624	2,748	2,315	0	0	0
Goodwill Impairment Loss
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax (benefits) deficit from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	56	-24	-76	-74	115	333	415	447	581	754	666	826	660	1,052	740	712	554	592	1,556	1,476	2,024	1,283	0	0	0
Amortization of deferred net losses on cash flow hedge derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115	161	0	0	0
Change in fair value of derivatives
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6	-2	-13	-52	-53	0	0	0
Unrealized gains and (losses) recognized during the reporting period on equity securities still held at the reporting date
119	104	154	100	23	-75	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
-	-	-	-	-	19,522	18,277	19,064	19,122	18,394	17,412	14,869	13,223	12,414	11,333	10,182	9,730	9,995	10,096	10,816	10,724	9,116	9,819	9,416	9,185	9,617	8,734	7,844	6,982	5,920	4,740	4,164	4,057	4,134	0	0	0
Net deferred income taxes
-4,762	-8,233	-11,676	-6,095	-5,302	-5,821	-7,449	-8,693	-5,609	-1,598	4,087	2,999	3,264	1,746	889	989	614	382	1,161	1,921	166	848	579	-1	1,691	57	964	1,274	2,841	3,031	8,362	7,131	5,081	6,255	0	0	0
Amortization of deferred initial direct costs and fees
-14,696	-14,846	-14,454	-14,096	-13,722	-13,361	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred initial direct costs and fees
-	-	-	-	-	-	-	-	-	-	-10,661	-9,889	-9,202	-8,694	-8,230	-7,952	-7,729	-7,530	-7,413	-7,325	-7,293	-7,263	-7,210	-7,133	-6,983	-6,774	-6,552	-6,281	-5,986	-5,680	-5,367	-5,172	-5,116	-5,164	0	0	0
Deferred initial direct costs and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	775	0	-6,228	-6,686	-6,901	-7,096	-8,295	-8,187	-7,964	-7,762	0	0	0	-	-	-	-	-	-	-	-
Deferred initial direct costs and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Loss on equipment disposed
-1,430	-1,819	-1,657	-1,526	-1,298	-1,219	-1,176	-1,136	-1,045	-1,070	-1,059	-997	-927	-846	-811	-708	-654	-537	-508	-630	-988	-1,405	-1,816	-2,146	-2,287	-2,384	-2,442	-2,715	-3,009	-3,097	-3,093	-2,966	-2,810	-2,827	0	0	0
Gain on leases sold
20,880	22,210	16,904	12,691	10,294	8,363	6,752	4,760	4,303	2,818	1,200	1,075	669	473	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leases originated for sale
55,389	62,371	57,752	44,409	27,564	17,436	7,704	5,135	4,129	4,669	3,288	2,445	2,313	1,226	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of leases originated for sale
57,573	64,751	59,992	46,027	28,563	18,069	7,843	5,216	4,194	4,727	3,339	2,471	2,325	1,234	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash lease expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non cash lease expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating leases liabilities increase decrease
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of changes in other operating items:
Other assets
8,594	1,574	1,955	-6,966	-10,902	-16,942	601	7,840	12,459	19,026	4,688	7,678	5,342	2,657	5,081	-1,463	978	3,598	-286	1,550	1,365	-1,682	-2,659	-14,946	-15,413	-13,878	-9,707	6,240	1,783	729	-4,324	-5,098	-4,938	-5,040	0	0	0
Other liabilities
-6,193	-4,717	303	-1,515	2,089	3,652	959	5,891	3,698	11,226	10,149	7,136	9,476	-587	-112	2,338	101	1,001	-746	178	-107	-1,025	1,279	-135	871	1,529	3,273	4,454	5,257	5,772	2,426	1,407	263	915	0	0	0
Net cash provided by used in operating activitiesContinuingOperations
-	-	-	-	-	-	-	-	-	-	-	-	-	37,462	40,183	45,777	35,603	35,136	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
60,147	62,420	67,942	67,021	75,143	84,381	74,243	73,462	60,868	52,871	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	41,744	24,620	26,262	24,919	17,466	16,788	16,097	16,110	0	0	0
Cash flows from investing activities:
The net cash inflow or outflow of time deposits in other financial institutions
-2,425	-3,268	-5,509	-4,265	-3,575	-1,549	-1,050	-54	1,443	1,495	747	748	-494	-2,237	-1,739	-1,740	-5,478	-7,368	-7,368	-7,368	-3,135	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of equipment for direct financing lease contracts and funds used to originate loans
775,811	816,834	802,526	792,959	753,976	722,745	691,945	666,388	651,414	634,709	606,826	588,190	556,076	515,237	479,120	449,866	416,536	389,810	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Loan and Lease Originations and Principal Collections
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Purchases of equipment for direct financing lease contracts and funds used to originate loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Principal collections on leases and loans
-	-	-	-	-	-	-	0	-439,954	-	-408,844	-393,452	-375,976	-359,273	-343,626	-332,315	-322,252	-315,847	-312,930	-306,854	-300,284	-288,864	-279,611	-267,021	-254,222	-241,538	-228,837	-216,108	-205,264	-196,171	-187,882	-183,173	-180,907	-183,101	0	0	0
Proceeds from sale of leases originated for investment
243,783	267,874	210,988	176,297	150,614	129,290	115,861	85,159	81,197	64,895	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Security deposits collected, net of refunds
-248	-246	-175	-199	-193	-210	-310	-380	-463	-448	-514	-542	-645	-715	-660	-635	-498	-392	-332	-199	15	-31	8	-15	-95	-147	-262	-215	-311	-337	-546	-1,144	-1,521	-1,910	0	0	0
Proceeds from the sale of equipment
2,798	2,654	2,748	2,798	3,008	3,120	3,362	3,404	3,358	3,415	3,372	3,520	3,596	3,533	3,507	3,473	3,337	3,368	3,157	3,139	3,168	3,319	3,489	3,519	3,589	3,453	3,600	3,873	4,234	4,350	4,786	4,878	4,829	5,079	0	0	0
Acquisitions of property and equipment
6,077	5,657	4,349	2,109	1,966	1,836	1,307	1,159	1,846	1,854	1,745	1,691	1,099	1,019	1,023	1,145	1,560	2,350	2,660	2,708	2,449	1,614	1,299	1,063	1,026	1,011	946	941	790	961	925	975	793	823	0	0	0
Business combinations
-	-	-	-	-	-	-	-	-	-2,500	2,500	2,500	2,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principle payments received on securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in restricted interest-earning deposits with banks
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-389	-517	-1,433	-495	-556	-420	355	-562	-655	-823	-971	-2,247	-9,147	-11,389	-26,326	-25,117	-18,672	-17,735	-22,725	-18,470	0	0	0
Principle payments received on securities available for sale
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8	-6	744	858	360	573	-178	-53	-49	16	16	1,047	2,542	2,525	2,528	3,029	1,523	1,561	1,554	188	0	0	0
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-138,527	-128,864	-114,674	-97,794	-81,068	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-13,383	-38,041	-99,507	-140,648	-131,719	-126,932	-114,575	-125,124	-133,875	-148,825	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	-108,651	-114,275	-98,671	-100,973	-94,574	-78,829	-49,789	-25,325	0	0	0
Cash flows from financing activities:
Net change in deposits
101,829	83,356	169,150	24,993	7,022	-53,539	-106,847	82,730	93,352	111,958	130,034	130,409	127,072	109,417	97,295	96,239	54,886	37,821	45,069	22,260	19,626	47,081	57,133	70,414	118,611	124,850	135,430	177,734	180,838	179,609	184,595	159,260	143,029	105,660	0	0	0
Term securitization repayments
67,574	74,670	82,173	91,246	71,521	50,417	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,119	53,996	66,978	74,054	83,064	0	0	0
Bank facility advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,902	14,891	15,391	14,951	40,681	0	0	0
Bank facility repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,514	27,305	37,517	44,334	43,273	42,901	44,161	45,528	44,263	0	0	0
Business combinations earn-out consideration payments
472	461	349	223	121	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuances of common stock
-	-	-	-	-	-	-	-	-	356	0	0	0	-	-	-	-	234	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
10,716	7,323	7,066	4,740	3,053	2,908	3,618	2,649	4,711	4,501	2,997	2,912	826	345	3,944	7,015	8,953	11,320	7,733	6,587	6,907	5,727	5,714	3,853	1,753	1,168	1,771	1,791	1,628	2,189	2,443	4,863	7,105	6,449	0	0	0
Dividends paid
6,823	6,865	6,885	6,913	6,922	6,936	6,918	6,930	6,940	6,958	6,918	6,919	6,919	6,907	32,493	32,529	32,380	32,249	6,606	6,425	6,244	6,062	5,889	31,665	31,530	31,369	30,958	4,588	4,065	3,552	3,301	2,286	1,526	766	0	0	0
Exercise of stock options
-	-	-	-	-	-	-	-	-	488	493	525	452	77	71	68	253	586	665	648	461	154	97	1,029	1,362	1,524	2,074	1,378	1,008	851	525	1,234	1,265	1,234	0	0	0
Excess Tax Benefit From Share Based Compensation Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	666	826	660	1,052	740	712	554	592	1,556	1,476	2,024	1,283	0	0	0
Excess tax benefit deficit from share based compensation financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	24	76	74	-115	-333	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	0	0	0
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	102,477	61,088	56,924	14,155	-4,595	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in total cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-1,667	10,419	1,412	-27,593	-11,973	-48,036	-50,527	1,007	-7,872	-5,466	25,003	28,394	12,782	43,058	20,683	5,792	36,823	35,937	22,685	21,680	-2,897	-464	5,259	0	0	0
Net cash used in financing activities
16,654	-5,553	73,105	122,283	125,811	86,606	55,892	73,573	82,170	101,343	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	72,699	126,478	108,346	98,739	98,788	59,144	33,228	14,474	0	0	0
Net increase in total cash, cash equivalents and restricted cash
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of cash flow information:
Cash paid for interest on deposits and borrowings
23,751	23,535	22,474	20,829	18,289	16,130	14,453	12,581	11,212	10,329	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest on deposits and borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	7,145	6,672	5,966	5,515	5,118	4,778	4,589	4,353	4,258	3,996	3,787	3,621	3,474	3,683	3,951	4,637	5,553	6,570	8,011	9,140	10,078	0	0	0
Net cash paid (refunds received) for income taxes
3,000	2,574	-1,846	-3,221	-3,171	-12,634	-7,730	-3,243	1,911	10,195	12,524	10,940	8,032	8,185	9,503	8,458	13,531	13,309	12,750	12,946	8,657	10,243	10,059	-5,085	-5,221	-5,471	-3,992	11,487	10,965	9,554	9,156	6,652	4,402	4,538	0	0	0
Transfer of leases to held-for-sale
225,086	248,044	196,316	165,223	141,318	121,559	109,193	80,422	76,901	62,077	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equipment for direct financing lease contracts and loans originated
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of non cash investing activities:
Noncash or Part Noncash Acquisition, Value of Assets Acquired
-146	0	146	3,522	3,522	3,376	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash or Part Noncash Acquisition, Fixed Assets Acquired
3,710	6,916	6,027	6,332	10,539	8,588	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-