Pinnacle Financial Partners Inc. PNFP Cash Flow

Pinnacle financial partners inc. (PNFP)

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
Operating activities:
Net income
28,356	96,079	110,521	100,321	93,960	95,318	93,747	86,865	83,510	26,798	64,442	43,086	39,653	36,096	32,376	30,786	27,965	26,854	24,148	22,663	21,842	18,737	18,196	17,169	16,367	15,320	14,646	14,310	13,448	11,730	11,349	10,439	8,364	7,759	26,100	6,371	3,504
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization/accretion of premium/discount on securities
-6,799	-5,929	-5,336	-4,720	-4,309	-4,775	-4,410	-5,181	-4,775	-4,459	-4,000	-2,410	-1,978	-3,578	-2,110	-1,637	-1,303	-1,755	-1,039	-1,284	-1,152	-1,172	-1,199	-1,196	-957	-993	-1,070	-1,385	-988	-1,594	-1,817	-1,907	-1,971	-2,227	-1,801	-1,571	-2,102
Depreciation, amortization and accretion
10,219	3,977	2,089	1,808	468	-2,645	-7,864	-6,914	-6,181	-8,770	-12,920	-1,499	-429	-1,711	676	1,649	-428	5,281	668	2,152	2,165	2,294	2,388	2,339	2,258	2,327	2,295	2,190	2,432	2,658	2,625	2,262	2,660	2,729	2,570	2,855	2,795
Provision for credit losses
99,889	4,644	8,260	7,195	7,184	9,319	8,725	9,402	6,931	6,280	6,921	6,812	3,651	3,046	6,108	5,280	3,893	5,459	2,227	1,186	315	2,041	851	254	487	2,225	684	2,774	2,172	2,487	1,412	634	1,034	5,438	3,632	6,587	6,139
Investment losses (gains) on sales, net
463	68	417	-4,466	-1,960	-2,295	11	0	30	-8,265	0	0	0	-	-	-	0	-9	0	556	6	0	29	0	0	-	-	-	-	1,987	-49	98	113	-	-	-	-159
Stock-based compensation expense
5,500	6,126	5,000	5,200	4,900	4,336	4,500	4,352	4,448	5,126	5,779	5,159	3,474	2,869	2,856	2,616	2,628	2,036	1,943	1,707	1,653	1,338	1,388	1,380	1,201	1,054	1,031	1,032	962	595	896	1,433	1,488	1,113	1,362	1,267	1,275
Deferred tax expense (benefit)
-11,799	9,341	-1,552	-1,795	8,702	-5,574	4,879	3,947	8,513	12,519	274	6,673	8,699	8,259	4,380	828	921	5,570	-363	-433	1,046	755	-224	-120	-16	1,892	-119	766	-698	-580	463	3,495	-1,831	-3,158	-19,668	-568	0
Losses (gains) on dispositions of other real estate and other investments
-2,309	-315	-174	-2,488	50	-343	244	-466	481	277	-37	43	-80	50	26	-250	32	7	667	-630	389	-17	234	1	-143	-213	-1,011	-2,744	866	-294	-2,090	-2,938	-4,283	-2,839	-17,350	9,405	-3,297
Income from equity method investment
15,592	12,312	32,248	32,261	13,290	17,936	14,236	9,690	9,360	12,444	8,936	8,755	7,823	8,136	8,474	19,939	-5,147	7,839	20,219	-4,266	-3,201	0	0	-171	171	-	-	-	-	-	-	-	-	-	-	-	-
Dividends received from equity method investment
7,957	1,372	9,026	28,248	12,666	0	10,218	19,109	4,324	2,278	4,455	12,467	2,450	2,205	4,952	16,904	4,920	738	6,414	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock compensation
862	179	131	-68	769	13	199	73	2,681	758	59	789	3,760	1,807	374	2,581	-159	6,653	-1,138	-50	-1,348	3,225	-360	-66	-1,099	-156	-92	-111	-28	-4	-20	-6	-4	-3	-2	0	-7
Gain on commercial loans sold, net
597	-	1,032	1,198	611	-	447	602	936	-	308	296	187	181	155	548	0	20,236	-20,236	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on other loans sold, net
8,600	6,009	7,402	5,989	4,900	3,177	3,902	3,777	3,744	3,815	5,963	4,667	4,155	2,914	5,096	4,221	3,567	2,180	1,894	1,652	1,941	1,373	1,352	1,951	952	1,113	1,326	1,990	1,813	1,768	1,978	1,456	1,494	1,461	1,295	789	609
Loans originated
-	-	-	-	-	130,046	65,156	81,202	80,193	61,421	55,842	23,283	36,888	32,730	49,085	20,349	10,504	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial loans held for sale sold
-	-	-	-	-	126,797	75,477	79,153	87,960	57,055	47,132	27,567	44,308	25,855	43,031	22,079	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consumer loans held for sale originated
-	-	-	-	-	253,444	293,395	401,571	247,025	328,627	342,800	249,966	179,473	242,931	345,643	47,749	147,888	163,069	139,308	123,589	98,711	88,350	89,235	92,090	61,458	64,969	93,489	118,868	107,845	132,659	131,898	116,678	105,694	144,879	113,103	73,093	62,944
Consumer loans held for sale sold
-	-	-	-	-	269,804	313,493	396,988	254,266	333,760	334,007	261,982	160,740	254,076	351,182	34,290	163,949	164,992	145,751	112,609	95,782	94,816	96,050	83,421	61,290	70,194	105,817	123,181	120,569	132,609	130,801	105,365	119,023	134,794	104,716	68,505	70,980
Increase in other assets
113,848	-21,963	28,957	43,988	6,517	-7,334	30,803	-8,300	9,302	37,816	-4,885	3,956	136	-9,497	-3,812	11,848	6,736	20,133	-12,105	-13,299	7,631	-35	-5,483	2,032	-527	1,308	-2,299	-7,525	-3,050	-10,441	-7,107	-3,057	-15,794	-18,666	-3,784	-11,317	-8,577
Increase in other liabilities
32,834	-12,360	56,394	-24,490	59,720	45,991	8,766	19,761	-13,901	12,357	-8,893	3,222	-24,386	-7,155	-18,932	32,455	-2,169	12,317	-13,202	-1,120	-5,480	2,943	1,681	2,368	-6,576	258	9,502	-4,268	-8,339	2,885	5,139	476	-3,128	-15	6,941	3,482	595
Net cash provided by operating activities
56,610	119,784	130,459	28,754	155,291	152,257	107,961	129,646	80,893	45,733	36,211	76,124	7,796	74,293	18,745	35,249	24,027	49,702	5,788	23,865	5,247	34,256	35,803	11,696	13,302	26,933	44,772	30,696	24,032	28,297	29,855	13,770	42,354	25,918	21,596	29,708	35,866
Investing activities:
Activities in securities available-for-sale:
Purchases
407,122	415,848	368,269	358,351	312,605	290,845	355,205	78,343	590,328	132,679	546,596	276,567	334,875	210,380	107,454	163,453	102,041	78,229	83,611	115,526	64,826	51,245	1,249	38,803	57,753	51,597	53,367	63,717	65,204	179,221	6,365	19,290	17,954	15,745	182,486	20,751	49,158
Sales
30,204	111,620	149,395	350,123	126,579	147,148	8,248	0	14,454	356,406	0	7,492	0	43,358	29,470	0	0	64,009	91,729	33,074	216	0	1,086	1,273	0	22,024	201	1,213	0	153,165	2,788	18,272	14,359	7,997	107,302	31,838	19,277
Maturities, prepayments and calls
88,164	118,950	104,006	76,531	72,813	79,893	93,810	68,131	81,737	116,026	88,580	68,184	50,445	60,758	115,537	75,513	28,996	42,625	37,928	35,996	29,890	37,418	26,556	36,782	23,192	31,779	33,610	34,380	43,551	48,363	55,937	49,845	56,585	53,798	61,431	57,678	60,713
Activities in securities held-to-maturity:
Purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	560	0	0	0	515	1,035	923	0	0	0	1,043	407	2,045	0	-	-	-	-	-	-	-	-
Maturities, prepayments and calls
1,743	500	1,055	6,730	15	495	0	5,280	0	0	230	3,740	145	1,240	1,790	3,021	148	180	2,070	5,700	235	134	230	4	860	641	657	2,249	75	0	180	295	1,280	255	134	535	1,049
Increase in loans, net
611,836	439,375	378,222	647,274	462,940	238,267	365,941	707,506	683,710	363,680	493,983	507,426	193,557	209,582	196,759	270,822	289,043	212,485	208,113	182,140	65,558	171,425	111,937	131,687	40,306	178,804	47,976	157,959	63,167	189,955	84,036	111,575	54,941	64,651	47,781	10,843	21,304
Purchases of software, premises and equipment
6,334	7,963	5,504	26,576	2,110	5,261	3,994	5,678	8,806	17,454	17,354	7,245	11,446	6,366	3,991	3,850	2,849	2,962	1,452	5,233	1,222	1,887	725	2,660	604	922	983	1,946	1,442	3,011	912	668	1,271	369	332	354	975
Proceeds from sales of software, premises and equipment
0	0	14	-1	53	2,509	292	2	164	0	23	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of other real estate
1,796	3,499	1,830	2,277	840	2,884	3,638	4,903	4,663	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of bank owned life insurance policies
0	0	0	50,000	60,000	0	50,000	50,000	0	0	30,000	0	25,000	0	0	0	0	-	-	-	-	-	-	-	-	8,352	0	0	30,000	0	0	0	0	-	-	-	-
Proceeds related to derivative instruments
35,680	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	74,100	15	0	425	75,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase in other investments
10,893	12,666	11,908	18,770	12,582	9,231	13,660	33,191	836	-14,704	17,132	4,736	640	10,772	-207	15,025	1,918	1,004	-12	598	122	4,240	-209	-126	304	2,530	285	3,021	303	759	-19,652	862	286	14	137	17	238
Net cash used in investing activities
-878,598	-710,120	-552,106	-706,898	-649,937	-307,208	-682,812	-796,402	-1,182,662	-29,883	-1,012,211	-558,506	-514,928	-350,905	-138,286	-354,000	-435,889	-187,015	-149,145	-229,014	-177,423	-192,169	-85,828	-134,965	-74,915	-188,804	-68,552	-190,846	-116,489	-171,419	-12,755	-63,984	-2,228	-18,729	-61,867	58,084	9,364
Financing activities:
Net increase (decrease) in deposits
1,152,246	180,470	551,423	969,064	-368,466	441,841	550,461	1,355,066	52,039	663,214	33,565	269,932	521,563	89,495	410,992	212,803	109,015	370,931	201,415	204,301	6,704	120,274	10,817	150,936	-32,895	199,929	236,964	193,683	-112,293	295,900	9,466	121,701	-66,220	-58,295	-48,861	29,649	-101,153
Net increase (decrease) in securities sold under agreements to repurchase
60,194	30,952	-58,767	53,471	-4,043	-25,476	1,478	-3,125	-3,398	5,706	-75,451	71,540	-14,549	1,389	11,000	10,515	-16,282	11,006	-11,344	-6,504	-25,941	29,222	2,499	-5,819	-2,372	-13,566	-33,313	-11,753	14,432	-20,119	7,164	9,534	-13,502	2,637	4,440	-40,618	18,837
Advances from Federal Home Loan Bank:
Advances from Federal Home Loan Bank: Issuances
650,000	100,000	350,000	1,075,000	1,147,500	225,000	127,906	550,000	762,000	30,000	1,098,750	836,000	0	311,000	95,000	897,000	631,000	0	-605,000	1,284,629	455,370	205,000	175,000	235,000	175,000	-24,000	299,961	84,038	240,000	25,000	210,000	70,000	215,000	165,000	50,000	0	0
Advances from Federal Home Loan Bank: Payments/maturities
395,014	90,014	257,513	1,236,014	470,014	302,014	189,170	945,014	105,014	334,019	200,014	292,014	225,020	287,014	602,014	730,049	315,015	245,530	-642,857	1,294,722	195,385	225,030	130,015	215,031	115,016	1,016	510,036	-40,944	115,036	140,017	290,088	25,017	215,017	100,017	62	137	10,019
Increase in other borrowings, net of issuance costs
-65	-122	337,352	-21,152	0	19,850	220	-190	-30	190	-30	-50,160	50,000	162,280	-7,030	20,631	67,344	12,811	8,567	-1,625	39,375	1,875	-625	-625	-625	-625	-625	-5,625	-625	-625	-15,692	25,000	0	-	-	-	-
Repayments of Notes Payable
80,000	-	-	-	520	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments of finance lease obligation
59	58	57	56	55	50	40	39	39	38	38	37	36	70	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes
-2,468	-	-	-	0	-	-	-	-	0	0	0	192,194	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exercise of common stock options, net of repurchase of restricted shares
-1,953	-	-	-	-3,357	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exercise of common stock options and stock appreciation rights, net of shares surrendered for taxes
-	-	-	-	-	37	-629	-830	-3,649	1,554	-351	257	-966	4,900	2,914	715	3,058	-962	1,167	2,519	878	2,100	1,306	1,767	1,247	1,604	705	362	222	127	105	228	405	190	222	-17	469
Repurchase of common stock
50,790	12,927	11,065	7,375	30,049	20,694	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	1,807	374	2,263	159	6,653	-1,138	-50	-1,348	3,225	-360	-66	-1,099	-156	-92	-111	-28	-4	-20	-6	-4	-3	-2	0	-7
Common stock dividends paid
12,442	12,413	12,438	12,432	12,545	12,551	10,978	10,951	10,974	10,923	10,934	7,025	7,025	6,508	6,499	17,509	-5,791	31,685	-4,744	-4,329	-4,304	-2,862	-2,856	-2,855	-2,824	-2,814	0	0	0	-	-	-	-	-	-	-	-
Preferred dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	1,236	890	1,329	1,187	1,187	1,187
Net cash provided by financing activities
1,319,649	196,740	714,363	820,234	258,451	325,563	479,008	944,917	690,935	355,464	845,497	828,493	516,161	203,280	-95,262	407,954	473,488	131,225	197,448	184,319	278,045	128,251	56,487	163,439	23,612	159,667	-6,250	301,761	26,728	160,270	-79,778	128,964	-80,221	-15,560	4,554	-12,311	-93,046
Net increase (decrease) in cash, cash equivalents, and restricted cash
497,661	-393,596	292,716	142,090	-236,195	170,612	-95,843	278,161	-410,834	371,314	-130,503	346,111	9,029	-73,331	-214,804	89,203	61,626	-6,086	54,090	-20,829	105,869	-29,662	6,461	40,170	-38,001	-2,202	-30,029	141,611	-65,729	17,149	-62,678	78,750	-40,095	-8,372	-35,716	75,480	-47,815
Commercial loans held for sale:
Loans originated
78,671	-	-	-	80,117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans sold
90,003	-	-	-	82,225	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consumer loans held for sale:
Loans originated
366,423	-	-	-	243,870	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans sold
369,581	-	-	-	229,286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-