NORTHWEST BANCSHARES, INC. NWBI Cash Flow

Northwest bancshares, inc. (NWBI)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Operating activities:
Net income
110,432	105,491	94,467	49,667	60,540	61,962	66,559	63,389	64,151	57,523	32,653
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses
22,659	20,332	19,751	13,542	9,712	20,314	18,519	26,338	34,170	40,486	41,847
Net (gain)/loss on sale of assets
2,472	-1,677	627	4,499	921	5,236	6,061	2,894	-2,999	-810	2,840
Net gain on sale of offices
0	0	17,186	0	0	-	-	-	-	-	-
Net depreciation, amortization and accretion
3,824	8,120	14,293	15,424	8,958	9,868	8,952	9,466	7,790	14,771	17,188
Increase in other assets
66,080	6,428	-2,902	-24,763	-37,969	-9,241	-12,057	-18,588	-7,534	-11,060	43,483
Increase in other liabilities
53,998	-1,129	11,694	4,801	-18,998	-22,857	2,890	11,351	-24,967	-5,241	5,795
Net amortization on marketable securities
-922	-1,871	-2,017	-2,139	-1,149	-383	-298	76	186	130	3,854
Noncash compensation expense related to stock benefit plans
6,845	7,023	4,894	10,916	5,570	5,711	5,083	4,623	6,725	2,237	2,140
Noncash impairment losses on investment securities
-	-	-	-	-	-	-713	-331	-937	-1,541	-6,097
Noncash write-down of real estate owned
607	1,518	1,231	1,481	2,923	2,318	4,158	4,942	1,449	1,338	3,862
Noncash charitable contribution
-	-	-	-	-	-	-	-	-	-	12,822
Noncash impairment recovery of mortgage servicing rights
-	-	-	-	-	-	-	-	-	-505	-1,840
Deferred income tax (benefit)/expense
2,776	-2,770	11,317	2,734	6,290	8,595	1,262	3,170	7,749	431	-8,763
FHLB prepayment penalty
-	-	-	24,520	0	0	-	-	-	52,016	-
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	3,503
Origination of loans held-for-sale
68,400	1,297	66,058	252,204	2,504	1,042	36,773	248,658	77,887	207,272	574,789
Proceeds from sale of loans held-for-sale
62,351	4,501	73,103	242,428	2,514	1,315	52,550	236,482	88,238	205,310	595,283
Net cash provided by operating activities
127,462	138,909	151,798	135,712	113,202	90,572	130,207	127,052	118,702	70,343	78,615
Investing activities:
Purchase of marketable securities held-to-maturity
0	0	23,621	0	0	-	-	-	-	485,995	-
Purchase of marketable securities available-for-sale
200,204	228,180	218,292	238,673	59,980	49,996	234,965	508,553	237,058	296,576	222,905
Proceeds from maturities and principal reductions of marketable securities held-to-maturity
4,707	6,892	13,902	11,700	72,265	17,673	33,764	76,257	126,012	126,766	-
Proceeds from maturities and principal reductions of marketable securities available-for-sale
241,079	210,362	206,089	278,621	280,277	162,007	255,064	341,287	297,348	355,195	297,807
Proceeds from sale of marketable securities available-for-sale
32,400	5,200	36,800	1,951	1,246	7,910	16,000	-	-	56,865	22,346
Proceeds from bank-owned life insurance
2,638	2,730	4,259	1,190	-	-	-	-	-	-	-
Loan originations
3,721,001	3,002,810	2,777,573	33,434	319,088	1,944,677	2,072,797	2,088,565	1,850,368	1,929,914	1,811,403
Proceeds from loan maturities and principal reductions
3,275,400	2,726,103	2,657,497	-	-	1,730,603	1,924,179	1,911,871	1,766,191	1,648,005	1,650,273
Proceeds from sale of loans held for investment
97,923	0	0	-	-	-	-	-	-	-	-
Net (proceeds)/redemptions of Federal Home Loan Bank stock
1,348	3,902	4,343	33,513	3,770	-10,422	-3,119	-2,101	-11,145	-3,162	-
Proceeds from sale of real estate owned
4,198	6,312	4,342	8,113	13,961	10,216	18,036	14,049	10,648	12,026	8,044
Sale of real estate owned for investment, net
608	607	608	607	608	607	814	-457	22	2,030	208
Purchase of premises and equipment
10,899	5,233	3,719	15,227	13,223	9,968	19,367	18,255	12,434	15,940	20,421
Acquisitions, net of cash received
28,779	0	0	-1,102,237	61,108	2,792	0	4,089	-	-	-8,668
Net cash provided/(used) in investing activities
-300,593	-281,913	-104,040	1,150,598	-88,812	-67,995	-76,150	-273,440	111,462	-528,436	-67,799
Financing activities:
Net increase in deposits
218,449	67,190	-270,989	-157,457	-60,236	-36,337	-95,721	-15,725	15,989	139,912	565,388
Proceeds from long-term borrowings
-	-	-	-	135,000	0	30,000	-	-	-	-
Repayments of long-term borrowings
-	-	-	774,863	172,552	52	68	69	50,066	36,564	39,598
Net increase/(decrease) in short-term borrowings
11,947	126,151	34,661	81,765	61,281	6,516	-8,334	32,191	-13,302	30,537	-130,831
Redemption of Junior subordinated debentures
-	-	-	-	8,119	0	0	-	-	-	5,155
Share repurchases
-	-	-	1,752	7,847	5,273	4,459	52,028	172,690	6,428	-
Increase in advances by borrowers for taxes and insurance
1,238	2,473	3,946	-139	2,975	3,838	3,344	-246	703	834	-4,161
Cash dividends paid on common stock
76,173	69,921	65,212	60,156	52,825	149,932	45,871	56,862	43,642	43,276	15,813
Net proceeds from common stock offering
-	-	-	-	-	-	-	-	-	-	658,660
Purchase of common stock for retirement
-	-	-	-	-	-	-	-	-	17,200	11,651
Proceeds from stock options exercised
9,727	8,190	7,001	10,856	4,303	6,519	6,618	2,131	2,030	1,599	213
Excess tax benefit from stock-based compensation
-	-	-	1,425	332	945	635	403	-	-	-
Net cash provided by financing activities
165,188	134,083	-359,915	-1,063,851	-97,688	-173,776	-113,856	-90,205	-260,978	69,414	1,017,052
Net increase in cash and cash equivalents
-7,943	-8,921	-312,157	222,459	-73,298	-151,199	-59,799	-236,593	-30,814	-388,679	1,027,868
Cash paid during the period for:
Interest on deposits and borrowings (including interest credited to deposit accounts of $9,907 and $9,364, respectively)
54,277	36,856	28,254	39,649	55,270	56,539	61,162	75,415	93,413	115,704	136,507
Income taxes
29,283	25,849	32,270	9,710	16,719	26,042	22,881	14,278	23,916	19,715	20,833
Business acquisitions:
Fair value of assets acquired
584,253	0	0	546,247	1,160,190	2,798	0	4,152	-	-	12,433
Northwest Bancshares, Inc. common stock issued
43,288	0	0	-	-	-	-	-	-	-	-
Net cash paid
45,600	0	0	-	-	-	-	-4,089	-	-	8,668
Payments to Acquire Businesses, Net of Cash Acquired
28,779	0	0	-1,102,237	61,108	2,792	0	4,089	-	-	-8,668
Liabilities assumed
495,365	0	0	1,648,484	1,099,082	6	0	63	-	-	21,101
Non-cash activities:
Loan foreclosures and repossessions
5,815	7,181	8,130	6,252	7,633	10,820	14,529	20,080	20,410	16,535	16,778
Sale of real estate owned financed by the Company
44	296	168	498	768	486	943	461	379	1,348	3,116