PEOPLE’S UNITED FINANCIAL, INC. PBCTP Cash Flow

People’s united financial, inc. (PBCTP)

CashFlow / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash Flows from Operating Activities:
Net income
130,400	137,400	135,200	133,200	114,600	133,000	117,000	110,200	107,900	106,300	90,800	69,300	70,800	75,900	73,700	68,500	62,900	70,800	68,400	61,700	59,200	64,700	61,600	72,300	53,100	59,300	58,500	62,100	52,500	61,200	62,200	64,600	57,300	41,400	48,100	51,200	51,700	28,800	24,100	16,000	13,600	24,900	26,800	25,300	24,200
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses
33,500	7,300	7,800	7,600	5,600	9,900	8,200	6,500	5,400	7,500	7,000	7,100	4,400	7,700	8,400	10,000	10,500	9,700	6,200	7,700	9,800	9,900	12,400	8,800	9,500	10,000	12,100	9,200	12,400	12,000	15,100	10,600	11,500	20,700	14,400	14,000	14,600	-109,100	21,800	17,800	9,500	13,600	21,500	14,000	7,900
Depreciation and amortization of premises and equipment
11,200	12,700	9,800	9,700	9,500	9,500	8,800	8,900	9,100	9,800	9,900	10,100	9,300	9,300	9,200	9,200	9,200	9,900	9,800	9,900	9,700	10,000	9,800	9,800	10,000	10,000	10,100	10,100	10,100	10,000	10,200	9,600	9,300	10,400	10,300	9,400	9,100	8,300	8,500	9,200	9,400	9,200	8,200	7,800	7,600
Amortization of leased equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,300	5,100	5,100	4,800	4,500	3,500	3,300	2,200	4,400	2,800	2,900
Amortization of other acquisition-related intangible assets
10,700	9,800	8,000	8,000	6,700	6,900	4,900	4,900	5,100	7,900	7,900	7,900	6,300	6,200	5,800	5,800	5,800	6,100	5,900	6,000	5,900	6,200	6,200	6,200	6,200	6,600	6,500	6,600	6,500	6,700	6,700	6,800	6,600	6,900	7,000	6,000	5,900	6,200	6,000	4,800	4,700	5,000	5,100	5,300	5,200
Expense related to operating leases
9,800	9,600	9,900	9,900	9,400	9,800	8,900	8,700	9,000	8,900	8,800	8,700	8,800	8,300	9,700	9,100	9,200	9,400	9,200	9,200	9,300	8,900	8,700	8,700	11,100	8,400	7,800	7,600	7,500	7,500	6,800	6,400	5,600	-	-	-	-	-	-	-	-	-	-	-	-
Expense related to share-based awards
7,100	6,400	7,300	5,000	6,200	7,600	4,600	4,600	5,600	6,400	3,900	4,100	5,400	3,800	3,800	4,000	3,600	4,000	4,200	3,900	5,000	3,700	3,600	3,600	4,000	3,700	3,100	3,200	3,900	-2,000	5,400	6,100	5,600	5,400	5,400	7,500	5,400	6,100	5,700	7,800	6,300	5,800	5,900	7,000	6,000
Net security gains
-	-	-	-	-	-	100	0	100	-	0	100	-15,700	-	0	0	100	-	-	-	-	2,700	200	0	100	-	-	-	-	-	-	-	-	0	8,600	100	100	-	-	-	-	-100	4,700	12,000	5,400
ESOP common stock committed to be released
1,200	1,500	1,300	1,500	1,400	1,400	1,500	1,600	1,700	1,600	1,600	1,500	1,700	1,500	1,200	1,500	1,300	1,400	1,400	1,300	1,300	1,300	1,300	1,200	1,300	1,300	1,200	1,300	1,100	1,000	1,100	1,000	1,100	1,000	1,100	1,100	1,200	-	-	-	1,500	1,400	1,400	1,400	1,500
Net gains on sales of loans
15,500	-	-	0	400	-	-	0	0	-	-	-	-	-	-	-	-	0	0	-200	1,900	-	-	-	-	-	-	-	-	-	-	-	-	-400	-4,800	7,200	5,500	-	-	-	-	-	-	-	-
Net losses on sales of residential mortgage loans
700	400	1,000	300	200	300	400	200	300	500	1,100	700	900	2,600	1,900	900	900	1,300	1,500	2,000	700	1,000	1,100	0	800	1,000	3,900	4,200	5,700	6,100	3,600	2,800	3,600	2,100	1,300	1,100	3,100	4,200	2,400	2,700	2,800	3,000	5,200	3,800	1,900
Originations of loans held-for-sale
48,700	55,500	62,100	39,200	23,500	61,400	51,200	47,100	28,500	49,300	69,100	68,300	75,100	131,700	119,300	109,400	67,400	97,600	116,200	143,200	91,300	89,500	89,000	78,900	51,000	86,100	179,200	233,200	223,400	252,100	244,400	211,000	195,700	264,000	142,100	105,000	119,900	244,200	232,400	230,600	185,300	221,100	292,800	405,700	223,600
Proceeds from sales of loans held-for-sale
540,600	61,300	55,300	29,900	35,400	57,400	53,500	40,600	35,000	48,200	81,700	59,600	98,200	141,500	136,100	80,400	71,300	100,500	138,300	138,200	76,500	89,700	91,100	61,900	57,700	92,300	222,900	219,800	255,400	241,100	245,100	213,400	244,500	201,700	130,000	94,500	199,000	230,100	235,600	217,200	204,500	208,900	431,300	320,600	156,700
Net decrease in trading debt securities
-7,100	-2,200	0	1,000	-100	200	0	0	0	-100	500	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-100	0	-100	200	-5,700	-10,600	-49,200	1,900	-15,000	0	1,400	-	-	-	-	65,400	-1,900	-4,100	-5,100
Excess income tax benefits from stock option exercises
0	0	0	0	-300	100	-300	-300	-800	200	-100	-2,200	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net changes in other assets and other liabilities
470,900	-28,400	109,400	198,900	186,600	54,100	-29,600	19,200	-3,700	-22,500	-49,500	65,900	-32,000	80,000	-15,600	50,000	-10,600	-9,700	51,700	-36,400	86,900	-4,300	20,500	14,100	6,900	28,600	-15,700	16,300	45,800	40,900	-50,800	10,200	26,000	30,300	-21,000	6,200	222,200	16,900	-19,500	-49,000	40,800	43,800	11,100	7,100	-41,700
Net cash provided by operating activities
215,800	234,500	62,500	-34,700	-21,500	129,500	185,600	119,800	154,400	202,400	190,500	33,500	176,600	49,600	142,300	28,100	116,000	129,100	74,000	129,300	-4,100	112,500	84,100	59,300	94,100	89,500	154,900	60,400	74,600	82,700	161,100	104,400	165,400	55,000	110,400	69,200	-60,200	24,200	84,100	93,300	23,900	-76,800	192,700	-40,300	27,900
Cash Flows from Investing Activities:
Proceeds from sales of equity securities
700	-	200	500	200	-	1,900	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in securities purchased under agreements to resell
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	520,000	220,000	5,000	-745,000	400,000	-	-	-	-
Proceeds from principal repayments and maturities of debt securities available-for-sale
207,900	228,500	120,400	123,800	105,800	118,600	123,400	117,200	106,300	106,500	130,600	147,600	177,900	244,800	266,700	235,400	178,100	197,700	220,700	211,500	191,500	169,700	194,800	160,700	161,500	169,800	232,500	257,800	278,400	255,200	246,400	196,200	220,000	501,900	1,000	229,200	434,700	388,100	491,000	85,700	29,800	27,900	28,500	107,400	1,482,200
Proceeds from sales of debt securities available-for-sale
100	53,500	0	141,400	170,400	313,700	-400	500	0	289,300	538,200	5,700	472,300	397,300	0	111,000	138,900	-	-	-	-	129,200	163,100	66,100	180,800	-	-	-	-	-	-	-	-	-307,800	965,500	-4,000	7,900	-	-	-	-	-	-	-	-
Proceeds from principal repayments and maturities of debt securities held-to-maturity
94,800	36,900	22,500	65,800	33,000	43,200	52,700	59,100	30,300	28,800	29,500	37,700	24,900	33,700	31,000	30,600	22,000	13,200	5,000	5,900	1,500	900	56,800	4,600	2,100	0	100	0	100	-	-	-	-	-	-	-	-	-	-	-	-	0	500	0	100
Purchases of debt securities available-for-sale
822,800	522,700	120,700	0	184,400	101,700	212,700	223,100	189,300	365,700	185,400	51,200	1,000	257,700	465,200	292,100	471,000	660,000	160,600	348,100	597,700	359,800	455,100	26,300	38,600	743,400	26,200	246,000	358,200	1,098,100	325,600	998,600	235,900	586,400	37,000	209,800	611,900	532,000	1,169,600	961,000	7,700	320,500	330,800	530,500	414,000
Proceeds from redemption of Federal Home Loan Bank stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	900	0	0	0	4,000	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of other securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,600
Purchases of debt securities held-to-maturity
87,300	104,400	34,500	59,900	59,100	97,800	96,500	79,400	133,700	344,500	462,200	428,700	345,000	226,300	103,300	93,500	90,000	248,100	462,800	21,500	70,900	203,000	13,600	21,900	12,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net purchases of Federal Reserve Bank stock
24,000	51,300	34,800	-75,900	15,000	15,600	-7,800	8,000	-7,500	900	14,300	1,500	4,100	300	900	8,800	-600	1,100	-400	900	138,500	-	-	-	-	-	6,600	52,800	-10,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (purchases) redemptions of Federal Home Loan Bank stock
42,200	-44,300	9,800	58,000	-42,800	-24,600	-22,000	29,000	400	-9,500	-7,700	-9,600	-300	0	-2,800	8,700	-4,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of loans
27,800	27,600	3,900	4,900	14,800	10,400	9,000	700	2,200	30,300	900	500	7,000	-	-	-	-	400	4,400	5,700	20,800	2,500	600	6,200	400	-	-	-	-	7,800	0	2,500	7,400	6,300	27,000	60,400	42,700	-	-	-	-	0	6,600	0	2,700
Net principal disbursements of loans
624,900	-111,600	216,200	391,000	274,700	178,500	-300,600	342,400	-465,100	213,300	63,400	310,600	-48,600	315,400	336,600	503,100	105,100	744,000	116,200	628,800	367,500	646,400	506,900	836,100	252,100	1,190,000	374,200	731,600	435,600	684,200	1,008,600	-147,000	-120,600	2,622,100	-643,100	-764,400	240,800	458,200	22,700	-208,900	-118,100	-59,300	-84,300	-175,100	30,700
Purchases of loans
8,500	20,500	23,100	11,800	15,800	37,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment
7,800	6,800	6,200	11,600	1,900	11,000	6,300	4,900	6,100	-1,900	2,000	500	4,200	8,700	4,800	6,600	3,500	11,500	5,600	7,100	5,600	5,300	4,800	6,600	2,800	-100	4,200	3,200	6,700	5,700	7,400	6,700	100	-3,900	7,400	7,000	10,000	15,000	7,600	4,600	2,900	11,900	11,800	5,600	6,000
Purchases of leased equipment, net
3,800	6,600	18,000	14,200	2,400	28,300	9,500	15,000	6,800	3,700	8,400	7,700	4,400	-	-	-	-	22,400	15,000	3,400	9,700	-	-	-	-	37,500	9,600	13,600	9,300	18,300	9,100	22,000	14,900	9,500	4,200	3,600	5,500	16,300	18,500	12,100	500	6,200	9,300	500	10,200
Net cash paid in sales of branches
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32,400	0	7,300	8,900
Proceeds from sales of real estate owned
3,300	3,500	700	4,100	5,600	1,000	3,100	3,100	1,900	1,400	2,600	5,500	500	8,800	3,100	3,100	1,800	8,500	8,600	2,500	3,800	5,200	2,300	4,400	2,600	5,200	4,000	3,700	5,100	5,200	5,600	7,100	7,500	5,100	12,500	5,200	4,600	16,800	5,200	2,500	4,400	2,300	3,600	2,000	900
Return of premium on bank-owned life insurance, net
0	1,000	0	700	500	200	500	0	300	1,000	500	500	700	-	-	-	-	-	-	-	-	900	100	100	300	100	0	0	900	0	400	900	100	-100	-200	-300	1,200	-	-	-	-	-	-	-	-
Net cash paid in acquisitions
0	-470,700	0	-108,700	60,000	-42,000	0	35,800	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-71,300	200	-31,600	291,600	-	-	-	-
Net cash provided by investing activities
-1,286,700	266,000	-315,600	-20,700	-240,200	83,700	195,600	-557,000	277,300	-477,100	-170,800	-419,100	373,500	-249,800	-613,600	-566,700	-323,300	-1,362,500	-318,700	-793,700	-872,300	-723,800	-875,600	-652,200	41,300	-1,833,400	-183,200	-751,500	-534,600	-1,538,000	-589,500	-642,800	-132,500	-675,300	675,400	-424,000	142,900	213,200	-715,400	-1,391,600	249,600	804,400	-834,800	-120,400	1,021,700
Cash Flows from Financing Activities:
Net increase in deposits
1,151,600	-413,400	-893,800	447,700	741,900	542,700	742,000	-425,600	-162,500	509,000	732,600	-543,400	644,900	205,300	656,400	-106,400	688,100	137,700	844,900	284,900	1,011,700	876,900	1,172,600	423,200	1,108,200	367,700	207,800	190,200	41,100	387,900	-95,200	-123,100	451,700	329,100	140,300	168,200	177,000	-15,700	-159,400	209,400	-48,200	395,200	27,500	185,700	586,100
Net increase (decrease) in borrowings with terms of three months or less
766,200	230,200	1,244,300	-124,300	-702,500	-272,900	-1,006,700	944,300	-190,400	-14,400	-293,300	887,000	-873,100	-378,900	-126,100	846,600	-589,300	1,311,100	-564,200	420,600	-548,000	276,700	-356,500	-113,500	-1,168,900	1,436,400	31,100	777,800	463,800	963,200	565,800	149,900	-44,400	-22,500	-306,400	174,900	175,400	217,900	111,200	-31,100	20,000	5,000	-6,500	-25,000	-2,300
Repayments of borrowings with terms of more than three months
10,100	244,400	15,100	30,000	31,700	20,100	240,000	181,100	35,500	24,600	356,000	0	100	0	100	0	100	0	1,100	100	100	200	100	200	100	100	35,100	200	100	100,100	100	200	100	100	362,500	1,300	26,100	47,600	600	36,200	786,700	300	300	200	300
Repayments of notes and debentures
-	-	-	-	-	-	-	-	-	0	0	0	125,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	19,700	18,000	6,000	-	-	-	-	-	-	-	-
Cash dividends paid on common stock
77,300	69,900	69,900	69,800	65,200	65,000	60,100	59,900	58,800	58,600	58,300	58,300	52,700	51,600	51,700	51,800	50,600	50,600	50,600	50,500	49,500	49,500	49,400	49,400	48,600	49,800	50,300	51,900	52,800	53,600	54,300	55,100	54,900	54,800	57,400	54,500	54,200	55,200	55,500	56,200	51,200	51,100	51,200	51,100	50,200
Cash dividends paid on preferred stock
3,500	3,600	3,500	3,500	3,500	3,600	3,500	3,500	3,500	3,600	3,500	3,500	3,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
305,800	2,600	100	100	1,700	100	100	100	2,200	100	100	300	2,900	200	0	300	2,900	100	200	200	2,700	100	300	0	2,600	131,900	30,200	153,200	145,800	57,000	53,800	53,700	57,800	1,000	186,800	0	62,000	116,300	25,400	54,600	1,900	-	-	-	-
Proceeds from stock options exercised
700	11,200	3,500	2,500	6,900	700	9,400	6,700	11,100	33,700	3,300	3,600	21,200	77,500	5,300	4,600	500	5,700	2,500	11,200	8,100	1,600	800	1,000	2,600	800	1,100	400	100	0	100	0	200	500	100	700	100	300	0	100	100	-100	200	200	100
Net cash provided by (used in) financing activities
1,521,800	-492,500	265,400	221,600	-55,800	180,800	-559,000	280,500	-441,800	440,700	24,700	284,800	-391,200	94,000	483,800	692,700	45,700	1,403,800	231,300	665,900	419,500	1,105,400	748,100	655,500	-109,400	1,623,100	124,400	742,500	306,300	1,634,700	362,500	-82,200	294,700	251,200	-792,400	270,000	204,200	-81,300	-127,000	31,400	-867,900	346,500	-29,800	109,600	533,400
Net increase (decrease) in cash and cash equivalents
450,900	8,000	12,300	166,200	-317,500	394,000	-177,800	-156,700	-10,100	166,000	44,400	-100,800	158,900	-106,200	12,500	154,100	-161,600	170,400	-13,400	1,500	-456,900	494,100	-43,400	62,600	26,000	-120,800	96,100	51,400	-153,700	179,400	-65,900	-620,600	327,600	-369,100	-6,600	-84,800	286,900	156,100	-758,300	-1,266,900	-594,400	1,074,100	-671,900	-51,100	1,583,000
Supplemental Information:
Interest payments
105,400	116,800	126,100	123,500	107,000	97,700	81,200	71,200	62,200	57,500	52,100	45,600	40,700	38,900	38,400	38,500	37,400	35,300	34,900	33,900	32,100	31,000	22,300	31,600	23,900	32,900	25,400	34,100	26,200	26,100	27,100	27,400	31,200	29,200	38,800	31,200	36,600	25,800	34,600	29,800	36,900	36,700	50,300	47,800	55,400
Income taxes payments
13,200	21,200	23,100	54,300	9,100	4,400	15,700	19,400	6,100	12,800	73,800	20,500	5,800	27,200	18,100	65,600	2,400	22,100	33,100	47,700	4,900	14,100	19,900	71,400	4,300	11,500	19,100	58,000	5,100	1,800	20,800	50,600	2,200	16,100	37,000	43,600	1,400	8,900	6,300	29,100	1,200	10,300	9,400	27,800	1,200
Significant non-cash transactions:
Right-of-use assets obtained in exchange for lessee operating lease liabilities
14,300	-	18,800	1,200	10,300	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsettled purchases of securities
7,500	-2,100	-8,400	-4,100	14,600	200	-13,800	7,600	10,000	-110,500	26,500	80,600	3,400	-4,700	-4,300	7,700	6,300	-2,400	-59,800	66,100	1,100	35,200	52,100	-22,100	26,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate properties acquired by foreclosure
1,600	2,800	12,200	2,000	2,900	2,400	1,400	1,200	2,700	7,900	3,900	1,300	4,100	1,500	10,400	3,700	3,800	3,400	2,800	1,800	6,700	2,400	3,300	2,100	9,800	4,500	7,400	6,700	3,100	14,400	7,500	6,200	4,500	6,900	6,300	2,700	6,500	11,300	4,000	5,300	4,300	16,300	3,900	1,200	4,900