Simmons first national corp (SFNC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES
Net income

238,167

215,713

92,940

96,814

74,364

35,688

23,231

27,684

25,374

37,117

25,210

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization

36,257

28,412

21,062

16,978

13,654

7,933

6,127

5,516

6,067

5,724

5,841

Provision for loan losses

43,240

38,148

26,393

20,065

9,022

7,245

4,118

4,140

11,676

14,129

10,316

Gain on sale of investments

13,314

61

1,059

5,848

307

8

-151

2

-

317

144

Net accretion of investment securities and assets

53,619

48,684

38,090

31,928

32,933

8,711

1,233

283

51

7

48

Net amortization on borrowings

394

-380

561

421

375

0

-

-

-

-

-

Stock-based compensation expense

12,921

9,725

10,681

3,418

4,018

1,423

1,417

1,388

1,204

974

627

Net accretion on assets covered by FDIC loss share

-

-

-

-

2,709

1,497

5,878

2,807

4,448

595

-

Gain on FDIC-assisted transactions

-

-

-

-

-

-

-

3,411

-

21,314

-

Gain on sale of premises and equipment held for sale, net of impairment

0

0

615

225

-381

4,630

-

-

-

-

-

Gain on sale of foreclosed assets held for sale

33

650

1,076

2,432

4,339

-28

-

-

-

-

-

Gain on sale of mortgage loans held for sale

20,064

12,844

12,186

14,683

11,625

4,823

-

-

-

-

-

Loss (gain) on sale of loans

-4,451

10

18

0

-

-

-

-

-

-

-

Gain on sale of Visa, Inc. class B common stock

42,900

-

-

-

-

-

-

-

-

-

-

Fair value write-down of closed branches

0

836

325

3,000

1,958

-

-

-

-

-

-

Deferred income taxes

34,911

8,412

23,251

9,832

13,599

-9,029

-4,618

485

-3,571

8,428

1,613

FDIC loss share indemnification loss

-

-

-

-

-7,476

0

-

-

-

-

-

Gain on sale of banking operation

-

-

-

-

2,110

0

-

-

-

-

-

Gain on sale of insurance lines of business

0

0

3,708

0

0

-

-

-

-

-

-

Income from bank owned life insurance

4,854

5,003

3,503

3,372

-

-

-

-

-

-

-

Increase in cash surrender value of bank owned life insurance

-

-

-

-

2,680

1,843

1,319

1,463

1,481

1,670

1,270

Originations of mortgage loans held for sale

755,500

546,676

507,907

618,453

571,750

297,530

-

-

-

-

-

Proceeds from sale of mortgage loans held for sale

756,642

556,759

526,245

635,613

574,375

290,582

-

-

-

-

-

Changes in assets and liabilities:
Interest receivable

-3,231

6,227

2,432

1,197

-713

-359

1,097

-596

-2,237

-518

3,049

Mortgage loans held for sale

-

-

-

-

-

-

-15,873

2,391

5,739

8,840

-1,939

Assets held in trading accounts

0

0

-41

-4,381

-2,565

-1,991

2,754

-1,317

-36

691

1,132

Other assets

-42,189

1,414

-12,456

8,206

-5,453

17,313

-6,047

-1,961

-4,742

-3,660

12,417

Accrued interest and other liabilities

-35,886

33,978

-14,194

-14,959

1,393

6,511

-3,032

3,054

-2,847

2,282

-5,387

Income taxes payable

20,074

-9,355

-14,604

1,915

3,466

5,272

-944

298

-3,642

-291

1,552

Net cash provided by operating activities

266,347

260,679

114,563

91,134

84,359

11,648

36,089

36,082

29,557

39,107

29,749

INVESTING ACTIVITIES
Net originations of loans

-23,806

912,793

719,219

368,162

301,323

83,825

90,977

48,502

-75,516

-128,451

-36,621

Proceeds from sale of loans

104,587

24,977

20,705

0

-

22,136

-

-

-

-

-

Net collections of loans covered by FDIC loss share

-

-

-

-

-23,646

-55,361

-78,305

-83,460

-66,967

-26,046

-

Decrease in due from banks - time

1,130

-1,620

3,233

9,544

10,879

0

-

-

-

-

-

Purchases of premises and equipment, net

67,831

29,740

34,216

18,892

14,832

-18,762

4,772

2,268

14,470

4,001

4,257

Proceeds from sale of premises and equipment

0

0

3,475

1,628

5,738

-

-

-

-

-

-

Purchases of other real estate owned

0

0

1,021

0

0

-

-

-

-

-

-

Proceeds from sale of foreclosed assets held for sale

17,986

27,751

18,255

29,055

40,988

26,872

18,832

8,322

20,512

37,310

4,139

Proceeds from sale of foreclosed assets held for sale

-

-

-

-

-2,858

-14,328

-16,274

-14,560

-8,200

-4,284

-

Proceeds from sale of available-for-sale securities

1,235,030

7,959

679,613

346,273

32,007

20,609

44,662

2,576

5,350

75,948

361

Proceeds from maturities of available-for-sale securities

776,084

258,325

487,717

257,388

435,438

194,423

165,606

347,205

302,438

520,883

573,604

Net purchases of short-term investment securities

-

-

-

-

-

-

-

-

-

1

-84,033

Purchases of available-for-sale securities

1,710,483

825,914

854,708

861,572

445,281

265,835

89,986

336,924

331,583

461,904

384,080

Proceeds from maturities of held-to-maturity securities

31,969

80,803

97,494

250,636

281,120

403,186

112,359

713,362

228,284

331,527

281,986

Purchases of held-to-maturity securities

0

1,172

860

6,162

59,486

413,020

273,924

683,820

288,505

332,655

558,921

Proceeds from bank owned life insurance death benefits

2,435

1,814

0

3,039

0

0

-

-

-

-

-

Purchases of bank owned life insurance

0

4,000

143

143

12,143

7,826

7,000

25

25

6,482

33

Settlement of FDIC loss share agreements

-

-

-

-

2,368

0

-

-

-

-

-

Cash received on FDIC loss share

-

-

-

-

-3,980

-15,700

14,530

-12,471

-28,872

-3,751

-

Purchases of credit card loans

-

-

-

-

-

-

10,999

-

-

-

-

Cash paid on sale of banking operations, net of cash received

-

-

-

-

68,273

0

-

-

-

-

-

Proceeds from the sale of insurance lines of business

0

0

9,296

0

0

-

-

-

-

-

-

Cash received (paid) in business combinations

-178,260

0

48,092

0

0

-

-

-

-

-

-

Net cash proceeds received in FDIC-assisted transactions

-

-

-

-

-

-

-

76,586

-

99,677

-

Cash received in business combinations, net of cash paid

-

-

-

106,419

197,029

11,343

35,485

-

-

-

-

Disposition of assets and liabilities held for sale

-1,235

55,211

0

0

-

-

-

-

-

-

-

Net cash provided by investing activities

594,208

-1,428,821

-338,471

-250,949

134,713

12,214

8,395

187,003

101,556

422,834

33,453

FINANCING ACTIVITIES
Net change in deposits

-404,826

1,305,877

120,667

139,266

-107,633

-192,211

-14,103

-173,379

41,628

-258,980

95,839

Proceeds from issuance of subordinated notes and other borrowings

25,500

326,355

0

0

-

-

-

-

-

-

-

Repayments of subordinated debentures and subordinated debt

0

113,990

3,000

594

0

0

-

10,310

-

-

8,014

Dividends paid on preferred stock

339

0

0

24

257

0

-

-

-

-

-

Dividends paid on common stock

63,921

55,646

35,116

28,743

27,026

15,359

13,707

13,495

13,156

13,091

11,245

Net change in other borrowed funds

-240,806

-34,574

521,865

106,823

-143,914

-13,385

-8,988

-8,922

-44,257

-95,998

2,528

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

9,166

Net change in federal funds purchased and securities sold under agreements to repurchase

40,207

-26,652

-71,003

2,398

-27,418

-8,401

3,809

-32,144

5,627

3,229

-9,539

Shares issued from public stock offering, net of offering costs of $4,178

-

-

-

-

-

-

-

-

-

-

70,486

Net shares (cancelled) issued under stock compensation plans

-2,389

1,162

2,260

4,352

3,303

2,023

936

323

474

1,374

1,626

Shares issued under employee stock purchase plan

1,312

1,026

618

586

226

-

-

-

-

-

-

Repurchases of common stock

10,128

0

0

-

-

-

10,848

17,567

3,283

-

-

Retirement of preferred stock

42,000

0

0

30,852

0

0

-

-

-

-

-

Net cash used in financing activities

-697,390

1,403,558

536,291

193,212

-302,719

-227,333

-42,901

-255,494

-12,967

-363,466

150,847

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

163,165

235,416

312,383

33,397

-83,647

-203,471

1,583

-32,409

118,146

98,475

214,049