People’s united financial, inc. (PBCT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Cash Flows from Operating Activities:
Net income

520

468

337

281

260

251

232

245

192

82

101

137

150

Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

1

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

149

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses

28

30

26

36

33

40

43

49

63

-60

57

26

8

Depreciation and amortization of premises and equipment

41

36

39

36

39

39

40

39

39

35

32

31

18

Impairment loss on premises and equipment

-

-

-

-

-

-

-

-

-

-

-

19

0

Amortization of leased equipment

-

-

-

-

-

-

-

-

-

16

12

8

6

Amortization of other acquisition-related intangible assets

32

21

30

23

23

24

26

26

25

21

20

21

1

Expense related to operating leases

38

36

35

36

37

37

31

26

20

-

-

-

-

Expense related to share-based awards

24

22

19

15

17

14

13

15

23

25

24

22

8

Net security gains

-

-

-

-

-

3

-

-

8

-1

22

8

5

Deferred income tax expense

14

1

25

3

14

6

15

44

60

-7

14

15

-5

ESOP common stock committed to be released

5

6

6

5

5

5

4

4

4

4

5

6

6

Net security (gains) losses

0

-9

-25

-5

-

-

-

-

-

-

-

-

-

Net gains on sales of loans

0

1

2

-

1

-0

5

1

7

-

-

-

-

Net losses on sales of residential mortgage loans

1

1

3

6

5

2

14

16

7

12

13

6

3

Gain on sale of business, net of expenses

-

-

-

-

9

20

-

-

-

-

-

-

-

Originations of loans held-for-sale

180

188

261

427

448

308

721

903

631

892

1,143

587

383

Proceeds from sales of loans held-for-sale

181

186

287

429

453

300

790

944

625

887

1,117

535

335

Net decrease in trading debt securities

-1

0

1

0

-1

-

1

-65

-11

7

54

2

-10

Excess income tax benefits from stock option exercises

-0

-1

-1

-

-

-

-

-

-

-

-

-

-

Contribution of common stock to The People's United Community Foundation

-

-

-

-

-

-

-

-

-

-

-

-

40

Net changes in other assets and other liabilities

466

40

-38

103

92

37

75

26

237

-10

20

-37

5

Net cash provided by operating activities

240

589

603

336

328

350

379

513

174

225

103

225

179

Cash Flows from Investing Activities:
Proceeds from sales of equity securities

1

2

0

-

-

-

-

-

-

-

-

-

-

Net decrease in securities purchased under agreements to resell

-

-

-

-

100

-100

-

-

520

-120

-400

428

-428

Proceeds from principal repayments and maturities of debt securities available-for-sale

578

465

562

925

821

686

938

917

1,166

994

1,646

1,610

101

Proceeds from sales of debt securities available-for-sale

365

313

1,305

647

305

539

-

0

661

226

1,041

645

5

Proceeds from principal repayments and maturities of debt securities held-to-maturity

158

185

120

117

25

64

0

0

0

0

0

0

0

Purchases of debt securities available-for-sale

827

726

603

1,486

1,766

879

1,373

2,658

1,445

2,670

1,595

3,131

96

Proceeds from redemption of Federal Home Loan Bank stock

-

-

-

-

-

-

-

4

4

-

-

-

-

Proceeds from sales of other securities

-

-

-

-

-

-

-

-

-

-

5

6

0

Purchases of debt securities held-to-maturity

257

407

1,580

513

803

251

-

-

1

-

55

-

0

Net purchases of Federal Reserve Bank stock

25

8

20

9

140

-

-

-

-

-

-

-

-

Net (purchases) redemptions of Federal Home Loan Bank stock

-19

-17

-27

1

-10

-

102

-

-

-

-

-

-

Proceeds from sales of loans

51

22

38

3

31

9

30

17

136

5

9

53

4

Net principal disbursements of loans

770

-244

538

1,260

1,856

2,241

2,731

1,425

1,455

153

-288

-29

-443

Purchases of loans

71

37

17

93

9

-

-

-

-

-

-

-

-

Purchases of premises and equipment

26

28

4

23

29

19

14

19

20

30

35

28

38

Purchases of leased equipment, net

41

59

24

18

50

34

70

64

22

47

26

22

25

Net cash paid in sales of branches

-

-

-

-

-

-

-

-

-

-

-16

20

0

Proceeds from sales of real estate owned

13

9

10

16

23

14

18

25

27

28

8

4

0

Purchases of bank-owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

0

Return of premium on bank-owned life insurance, net

2

1

2

2

1

1

1

1

0

3

-

1

0

Net cash paid in acquisitions

-519

-6

-28

59

10

-

-

-

-146

188

-

762

0

Net cash received in branch transactions

-

-

-

-

-

-

-

298

-

-

-

-

-

Net cash provided by investing activities

-310

-0

-693

-1,753

-3,347

-2,210

-3,302

-2,902

-281

-1,644

870

-1,186

-32

Cash Flows from Financing Activities:
Net increase in deposits

-117

696

1,343

1,443

2,279

3,580

806

621

814

-13

1,194

-817

-202

Net increase (decrease) in borrowings with terms of three months or less

647

-525

-293

-247

619

-1,362

2,709

1,634

21

318

-28

48

-4

Repayments of borrowings with terms of more than three months

321

476

380

0

1

0

35

100

390

871

1

4

0

Net proceeds from issuance of notes and debentures

-

-

-

-

-

394

-

494

-

-

-

-

-

Proceeds from borrowings with terms of more than three months

-

-

-

-

-

-

-

-

-

3

0

-

0

Repayments of notes and debentures

0

0

125

-

-

19

20

-

43

65

-

-

-

Proceeds from issuance of preferred stock, net

-

-

-

244

-

-

-

-

-

-

-

-

-

Cash dividends paid on common stock

274

243

227

205

201

196

204

217

220

218

203

194

131

Cash dividends paid on preferred stock

14

14

14

1

-

-

-

-

-

-

-

-

-

Repurchases of common stock

4

2

3

3

3

3

461

222

249

198

2

0

0

Net proceeds from issuance of common stock pursuant to second-step conversion

-

-

-

-

-

-

-

-

-

-

-

-

3,334

Capital contribution pursuant to dissolution of People's Mutual Holdings

-

-

-

-

-

-

-

-

-

-

-

-

8

Proceeds from stock options exercised

24

27

61

87

27

6

2

0

1

0

0

28

4

Contingent consideration payments

0

1

1

0

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-61

-539

359

1,316

2,720

2,399

2,796

2,209

-67

-1,044

959

-939

2,666

Net increase (decrease) in cash and cash equivalents

-131

49

268

-101

-298

539

-127

-179

-173

-2,463

1,934

-1,900

2,815

Operating activities

-

-

-

-

-

-

-

-

-

-

-

-

1

Net cash provided by discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

1

Supplemental Information:
Interest payments

473

312

195

153

136

108

118

111

135

127

190

271

220

Income taxes payments

107

45

112

113

107

109

93

75

98

45

48

82

82

Significant non-cash transactions:
Right-of-use assets obtained in exchange for lessee operating and finance lease liabilities

91

-

-

-

-

-

-

-

-

-

-

-

-

Significant non-cash transactions:
Unsettled purchases of securities

0

4

0

5

5

91

23

27

-

-

-

-

-

Real estate properties acquired by foreclosure

19

7

17

19

14

17

21

32

22

24

26

7

6

Assets acquired and liabilities assumed in acquisitions and dispositions (note 2):
Securities transferred from available for sale to held to maturity at fair value (note 3)

-

-

-

-

-

-

584

-

-

-

-

-

-

Non-cash assets, excluding goodwill and other acquisition-related intangibles

9,224

3,173

2,642

-

-

-

-

12

2,232

4,203

-

-

-

Liabilities

9,120

2,965

2,634

-

-

-

-

325

2,370

4,053

-

-

-

Common stock issued in acquisitions

1,045

486

484

-

-

-

-

-

-

431

-

-

-