SVB FINANCIAL GROUP SIVB Cash Flow

Svb financial group (SIVB)

CashFlow / TTM

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
Cash flows from operating activities:
Net income before noncontrolling interests
1,026	1,184	1,184	1,184	1,094	1,011	861	733	619	519	498	459	421	390	376	348	349	374	414	390	306	478	540	692	758	544	452	289	270	249	194	216	249	282	272	249	180	136	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (Reduction of) unfunded credit commitments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	2	7	6	7	7	6	7	5	2	2	0	3	5	5	4	3	3	1	4	0	0	0
Provision for credit losses
321	106	102	83	88	87	96	102	89	92	86	82	103	106	119	132	122	95	106	90	65	59	47	41	58	63	50	46	35	44	37	31	23	6	13	23	52	44	0	0	0
Gains on investment securities, net
151	134	117	119	108	88	91	70	45	45	0	0	0	-	-	-	-	89	171	158	76	267	335	518	615	419	324	156	141	122	73	105	151	195	201	195	128	93	0	0	0
Distributions of earnings from non-marketable and other equity securities
-91	-95	-94	-85	-76	-72	-61	-46	-69	-45	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
86	82	74	69	64	57	60	58	58	56	50	49	47	46	46	44	41	40	38	39	39	39	39	38	37	36	31	31	30	28	30	27	27	27	25	25	24	23	0	0	0
Impairment (gain) loss on SVBIF Sale Transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12	-12	-13	-13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premiums and discounts on investment securities, net
-27	-15	-9	-5	-2	0	0	-0	-1	-2	0	-0	-2	-6	-13	-16	-16	-18	-21	-20	-24	-25	-27	-29	-28	-29	-34	-45	-54	-55	-52	-44	-35	-27	-26	-22	-20	-24	0	0	0
Tax (expense) benefit from stock exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-0	-2	-1	-1	-1	-0	-0	-0	-0	0	0	0	0
Share-based Payment Arrangement, Noncash Expense
70	66	62	54	50	45	43	40	38	36	40	40	37	35	30	30	31	32	31	30	30	29	28	27	26	25	24	23	22	21	21	20	19	18	17	16	14	13	0	0	0
Amortization of deferred loan fees
153	155	145	139	134	128	125	125	117	111	106	103	97	98	97	93	92	89	87	86	83	82	80	80	78	73	68	57	58	58	59	65	62	61	57	54	53	50	0	0	0
Deferred income tax benefit
-54	-3	-6	-6	-21	-21	6	16	31	25	4	-7	-13	-4	-19	-19	-16	-9	-21	-44	-57	-43	-0	19	30	15	-0	-3	3	1	3	10	1	7	-0	-1	1	-1	0	0	0
Excess tax benefit from exercise of stock options and vesting of restricted shares
9	9	8	10	18	17	21	19	14	18	14	13	6	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses from the write-off of premises and equipment
5	5	0	0	7	7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-
Other losses (gains)
-	-	-	-	-	-	-	-	-	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses on sale of and valuation adjustments to other real estate owned property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Changes in other assets and liabilities:
Accrued interest receivable and payable, net
-3	24	14	31	40	55	56	50	42	31	30	12	5	3	0	10	13	8	15	13	19	26	15	10	5	3	2	6	4	6	7	8	10	12	18	5	11	-1	0	0	0
Accounts receivable and payable, net
92	17	42	-9	-14	23	-1	0	1	-3	-12	8	7	4	18	16	14	24	5	7	1	0	14	7	14	0	-3	-16	-26	-35	2	95	23	39	-2	-74	7	4	0	0	0
Income tax receivable and payable, net
39	11	52	71	-18	5	-3	-24	-50	-46	-20	-37	-40	-3	-32	47	-9	9	19	5	20	4	31	8	5	24	4	-13	-1	-9	2	20	-3	0	-0	-21	-18	-16	0	0	0
Prepaid FDIC assessments and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9	-10	-11	-10	0	0	0
Accrued compensation
1	-15	-58	-62	-90	56	48	27	14	31	21	12	-3	-15	-10	-18	3	30	20	21	3	3	6	13	10	22	17	4	-12	-15	-15	-12	8	35	28	21	9	41	0	0	0
Foreign exchange spot contracts, net
121	-59	27	-63	-58	-24	21	111	-82	20	-88	-108	-24	-3	36	23	55	31	64	47	-37	-25	-87	-100	1	-2	-2	-13	3	50	-10	46	-25	-62	-3	-49	-0	2	0	0	0
Proceeds from termination of interest rate swaps
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
162	74	85	65	102	54	47	51	-87	-15	-37	-91	-24	-41	-13	-0	-46	-64	-78	-70	-45	-19	-15	-20	-3	23	31	24	12	-15	-30	-17	-30	-31	-9	-1	-9	-3	0	0	0
Net cash provided by operating activities
991	1,164	939	1,036	925	933	829	597	883	646	719	726	527	471	357	270	342	339	273	248	258	255	310	357	222	171	166	234	205	196	203	-11	149	166	108	240	121	163	0	0	0
Cash flows from investing activities:
Purchases of available-for-sale securities
11,206	9,872	7,838	2,830	872	668	662	1,636	1,825	2,420	2,850	1,603	1,024	429	1,675	2,875	4,034	4,586	3,312	4,128	7,483	8,462	10,490	9,161	4,647	3,336	1,925	2,319	2,319	3,877	4,952	4,571	6,692	7,127	7,624	8,720	8,091	6,757	0	0	0
Proceeds from sales of available-for-sale securities
3,671	2,189	2,663	2,663	1,646	474	573	575	578	580	20	19	1,030	2,892	2,879	2,879	1,866	8	11	13	33	30	31	30	16	14	13	11	326	329	326	326	1,418	1,415	1,417	1,909	654	655	0	0	0
Proceeds from maturities and paydowns of available-for-sale securities
2,313	1,643	1,708	2,042	2,640	3,436	3,435	3,399	3,426	3,339	2,795	2,419	1,824	1,364	1,468	1,573	1,644	1,704	1,455	1,310	1,299	1,569	1,900	2,141	2,468	2,428	2,565	2,690	2,610	2,734	3,214	3,273	3,391	3,215	2,673	2,581	2,262	2,151	0	0	0
Purchases of held-to-maturity securities
851	492	408	937	2,430	4,726	6,881	7,736	7,673	5,967	4,893	3,463	1,797	1,306	1,057	1,996	2,247	2,888	3,092	3,525	3,352	2,612	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities and paydowns of held-to-maturity securities
2,342	2,124	1,925	1,844	1,849	1,891	1,906	1,837	1,762	1,708	1,733	1,719	1,720	1,656	1,548	1,503	1,510	1,495	1,423	1,258	934	598	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of non-marketable and other equity securities
132	136	125	92	77	81	81	62	63	44	25	27	37	48	51	49	41	39	318	327	335	335	52	44	29	24	32	35	122	126	129	132	55	59	59	61	57	53	0	0	0
Proceeds from sales and distributions of capital of non-marketable and other securities
139	113	102	79	105	95	98	102	48	51	44	58	64	62	77	73	103	138	346	442	448	495	294	227	203	132	133	116	120	124	108	94	81	80	85	74	64	44	0	0	0
Proceeds from sales of nonmarketable securities (cost and equity method accounting)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59	76	69	58	66	48	47	51	46	45	42	36	29	27	23	20	0	0	0
Purchases of non-marketable and other securities (fair value accounting)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	223	210	164	149	144	138	136	135	136	145	151	164	168	156	143	119	0	0	0
Net increase in loans
7,064	4,773	3,503	3,164	4,216	5,175	5,263	4,959	4,114	3,170	3,055	2,137	2,684	3,157	3,782	4,561	3,266	2,328	3,288	2,892	3,600	3,480	2,180	1,713	1,986	1,943	1,612	1,817	1,710	1,964	1,855	1,798	1,450	1,429	1,452	1,522	1,438	983	0	0	0
Proceeds from recoveries of charged-off loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	8	6	6	8	8	11	11	9	8	7	9	11	20	21	25	25	18	29	16	0	0	0
Purchases of premises and equipment
85	65	51	49	43	45	44	44	48	50	51	50	50	53	53	53	55	53	50	48	48	42	38	35	29	30	21	27	32	34	42	38	33	30	27	26	25	27	0	0	0
Acquisition of SVB Leerink, net of cash acquired
2	102	102	102	100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of deconsolidation due to adoption of ASU 2015-02
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Payment for acquisition of intangibles, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Net (cash used) provided by for investing activities
-10,875	-9,371	-5,628	-547	-1,499	-4,800	-6,919	-8,521	-7,905	-5,970	-6,278	-3,066	-953	981	-651	-3,510	-4,483	-6,495	-6,628	-7,744	-12,055	-12,233	-11,940	-8,726	-4,087	-2,838	-948	-1,462	-1,205	-2,886	-3,406	-2,920	-3,427	-4,038	-5,102	-5,878	-6,735	-5,052	0	0	0
Cash flows from financing activities:
Net increase in deposits
9,584	12,428	10,946	6,723	6,390	5,074	3,784	6,422	4,856	5,274	6,622	4,868	2,319	-162	1,139	1,969	4,828	4,719	5,846	7,194	8,374	11,870	11,126	9,662	6,166	3,296	2,271	621	2,593	2,466	1,585	1,790	1,386	2,372	3,724	4,138	3,817	4,005	0	0	0
Net increase (decrease) in short-term borrowings
3,123	-613	-2,612	-392	-1,087	-402	2,626	416	1,096	521	2	-502	5	-262	-1	500	-77	767	-2	-2	72	2	1	-0	-2	-161	-502	-0	-841	166	508	5	813	-37	-59	-44	-4	-1	0	0	0
(Distributions to noncontrolling interests), net of contributions from noncontrolling interests
-35	-50	-37	-36	-35	-28	-28	-28	-30	-23	-18	-12	-7	-8	-14	-17	-26	-23	-143	-107	-65	-89	21	-3	-17	-8	3	27	27	59	80	88	93	96	108	93	85	85	0	0	0
Payment of preferred stock dividend
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of 3.50% Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	346	346	346	346	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from public equity offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Common stock repurchases
296	352	499	493	263	147	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, ESPP and ESOP, net of restricted stock awards
23	24	19	20	16	18	22	22	20	27	29	28	30	26	17	16	16	22	22	27	24	22	25	26	36	46	40	37	29	29	0	0	0	-	-	-	-	-	-	-	-
Tax effect from stock exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-0	-0	5	16	12	13	10	9	10	10	8	6	5	4	3	5	5	5	7	6	6	6	5	4	0	0	0
Net cash provided by financing activities
12,378	11,417	7,816	5,819	5,020	4,515	6,353	6,781	5,846	5,700	6,592	4,339	2,353	-410	1,140	2,468	4,746	5,848	6,157	7,472	9,198	12,250	11,560	10,145	6,208	3,197	1,817	689	1,668	2,584	2,067	1,778	1,778	1,911	3,257	4,012	4,272	4,453	0	0	0
Net increase in cash and cash equivalents
2,494	3,210	3,127	6,308	4,447	648	263	-1,142	-1,176	377	1,034	1,999	1,927	1,042	847	-771	604	-307	-198	-24	-2,598	272	-70	1,776	2,343	529	1,036	-538	668	-105	-1,135	-1,153	-1,499	-1,961	-1,736	-1,625	-2,341	-436	0	0	0
Supplemental disclosures:
Cash paid during the period for:
Interest
217	217	185	142	101	75	58	51	48	45	44	44	43	42	42	41	40	35	37	32	34	35	33	33	32	31	31	30	31	31	31	31	38	41	50	42	44	35	0	0	0
Income taxes
436	422	478	493	384	376	364	334	283	277	244	220	208	240	224	284	209	220	236	226	239	208	189	152	138	142	133	101	108	95	98	109	105	103	94	74	45	41	0	0	0
Noncash items during the period:
Changes in unrealized gains and losses on available-for-sale securities, net of tax
452	139	228	159	63	-15	-88	-69	-61	-24	-77	-110	-90	15	6	73	28	-22	76	13	99	66	-6	37	-124	-154	-111	-111	8	23	24	63	83	65	54	-14	-14	17	0	0	0
Distributions of stock from investments
10	8	8	8	4	5	5	7	8	6	5	3	1	1	1	1	2	64	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in fair value of interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Equity warrant assets
Changes in fair values of derivatives, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	0	0	29	-	66	69	55	22	12	12	18	31	22	3	5	10	10	24	28	26	25	20	5	3	0	0	0
Unrealized Gain (Loss) on Derivatives
-	-	-	-	-	-	0	0	27	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative
Changes in fair values of derivatives, net
78	18	43	12	18	11	-9	3	-14	-14	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-