South state corp (SSB)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income

166,226

186,483

186,396

181,913

180,912

178,871

132,288

120,252

111,616

87,554

109,310

102,359

95,052

101,282

102,640

99,685

100,041

99,473

95,186

89,372

82,446

75,437

68,173

60,901

55,487

49,219

41,146

38,154

33,653

30,032

28,950

30,220

27,107

22,595

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

32,447

33,121

33,813

34,508

35,284

35,696

34,538

32,665

30,593

28,704

26,596

25,081

23,490

21,582

21,782

21,504

21,259

21,470

21,038

21,171

21,166

21,180

21,530

21,089

19,362

17,495

14,927

13,143

12,838

12,092

11,959

11,569

11,040

10,767

0

0

0

Provision for loan losses

47,822

12,777

12,954

12,043

12,817

13,783

13,857

12,802

10,637

11,890

8,703

7,553

7,969

6,819

7,024

7,187

7,603

5,864

6,519

7,535

6,559

6,590

5,097

3,665

1,675

1,886

4,109

7,493

11,956

13,619

18,465

22,745

22,318

30,236

0

0

0

Deferred income taxes

-8,368

-1,492

6,736

11,116

13,181

15,176

12,393

7,117

8,075

5,640

4,900

7,903

9,701

9,378

13,457

14,883

8,300

7,048

19,717

23,565

23,485

25,805

-2,344

-742

2,158

2,067

11,861

27,333

5,424

3,322

-8,935

-31,378

-11,028

-10,201

0

0

0

Gains on sale of securities, net

-

2,711

0

0

0

-

-

-

-

-

-

-

-

122

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

323

0

0

0

Gain on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,529

0

0

0

Share-based compensation expense

8,715

8,839

8,812

8,787

8,921

8,783

8,580

8,099

7,229

6,934

6,483

6,244

6,552

6,220

6,193

6,060

5,956

5,803

5,200

4,808

4,237

3,908

4,012

3,788

3,423

3,322

2,781

2,405

2,096

1,741

1,728

1,745

1,731

1,777

0

0

0

Amortization of FDIC indemnification asset

-

-

-

-

-

-

-

-

-

-

-

-

-

3,566

5,033

6,904

6,855

8,587

46,733

40,037

32,180

21,895

0

0

0

-

-

-27,651

-24,711

-20,773

-17,312

-14,204

-12,967

-10,135

0

0

0

Accretion of discount related to performing acquired loans

20,747

12,986

12,894

17,023

21,270

27,756

30,107

25,601

21,350

15,893

10,783

9,935

7,802

5,187

15,598

12,644

9,822

6,638

13,050

12,222

11,601

10,247

-10,800

-10,768

13,691

-6,725

0

0

0

-

-41,177

-19,196

-26,813

-16,099

0

0

0

(Gains) losses on disposal of premises and equipment

-3,083

-3,617

-3,912

-4,025

-1,911

-1,568

-1,310

-1,458

-120

-177

-163

42

73

60

-92

-242

-530

-576

-420

-1,404

-1,438

-1,390

-1,401

-276

5

-4

-13

-23

-14

-10

-4

-17

-33

-63

0

0

0

(Gains) losses on sale of OREO

-249

-178

926

2,145

1,913

1,969

1,467

-85

-93

-101

65

440

641

1,735

1,854

2,391

2,611

1,674

2,227

2,959

5,056

7,561

11,374

13,749

13,487

13,357

10,330

8,099

8,747

8,482

0

0

0

-

-

-

-

Net amortization of premiums on investment securities

7,616

7,260

7,181

7,049

7,300

7,567

7,481

7,358

7,097

6,853

6,382

6,040

5,823

5,409

11,803

9,332

6,901

4,415

3,855

3,885

3,911

4,091

-3,960

-3,638

-3,669

-3,917

-4,236

-4,612

-4,567

-3,893

-3,217

-2,557

-1,856

-1,682

0

0

0

OREO write downs

1,206

1,193

962

975

741

1,420

1,214

1,452

2,090

2,249

2,551

3,187

2,539

4,401

5,825

8,057

10,011

9,428

9,685

9,275

9,899

10,685

11,602

10,311

8,540

8,109

4,722

7,674

6,884

13,190

0

0

0

-

-

-

-

Fair value adjustment for loans held for sale

-1,827

-1,057

1,641

417

-462

-521

-814

-788

-179

752

2,094

2,492

1,089

495

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations and purchases of loans held for sale

976,876

860,092

731,224

638,187

604,260

631,328

615,638

639,533

672,562

682,403

772,176

809,879

802,907

771,105

676,192

666,768

734,934

844,401

911,639

925,540

845,843

746,042

732,477

741,074

772,378

846,772

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sales of loans

940,281

824,712

675,942

626,944

614,113

679,811

699,904

740,230

747,926

745,871

794,466

803,972

803,416

761,688

668,330

690,951

785,936

864,171

920,922

910,640

800,512

716,346

728,341

752,511

803,102

901,330

0

0

0

-

-

-

-

-

-

-

-

Net change in:
Accrued interest receivable

732

777

1,322

4,899

5,790

3,269

3,804

3,779

1,849

2,198

1,592

-130

-615

1,536

888

1,548

1,775

717

-520

1,295

865

3,361

-286

-222

-1,048

-953

892

-864

-498

-5,252

-4,030

-3,340

-3,489

-1,941

0

0

0

Prepaid assets

-301

2,411

728

22

-416

-1,951

26

433

1,288

-6

-1,624

-831

401

804

1,626

1,152

268

876

-556

-1,356

-2,866

-5,214

-2,417

-2,687

-4,792

-1,738

-4,297

-2,883

256

-1,239

-2,103

-1,477

-3,445

-3,743

0

0

0

Operating Leases

-1,469

-1,457

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC indemnification asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,177

-19,448

-18,227

-10,579

-9,173

87,056

77,877

63,516

42,391

-52,019

-54,048

-56,305

-52,081

-59,231

-68,870

-82,279

-95,707

-83,023

-135,180

-110,251

-77,488

0

0

0

Miscellaneous other assets

44,184

44,767

49,265

48,116

25,088

1,168

28,186

22,591

16,184

32,324

11,660

6,916

7,730

13,799

13,631

11,992

13,912

4,861

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest payable

-1,625

197

757

2,286

2,124

1,930

702

614

346

-948

-185

-759

-1,086

-831

-918

-840

-1,238

-2,121

-3,276

-3,137

-3,034

-2,421

-3,441

-4,227

-3,865

-3,916

19,927

20,339

20,094

20,113

-1,861

-2,721

-3,100

-4,382

0

0

0

Accrued income taxes

-8,636

-8,536

2,119

-5,791

2,390

143

-8,155

2,565

3,477

1,959

4,093

2,716

-5,494

105

4,435

3,421

13,093

13,095

439

-19,659

-20,467

-20,809

1,360

45,127

45,663

40,317

29,713

-16,169

-5,855

-12,502

-5,682

11,251

422

2,064

0

0

0

Derivative liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous other liabilities

47,287

36,023

45,642

52,625

-4,619

3,359

23,484

14,268

20,592

7,076

3,157

-74

-2,128

9,068

5,120

8,418

4,989

-1,951

-5,295

-37,030

-48,390

-21,159

-20,662

6,983

12,613

4,522

-37,235

-41,405

-5,593

-8,921

15,867

74,119

26,391

14,768

0

0

0

Net cash provided by operating activities

184,597

181,028

188,958

223,782

215,480

283,711

273,740

282,881

262,369

197,890

173,426

140,353

132,417

138,011

149,501

188,190

216,529

186,868

173,863

126,269

104,145

118,647

166,213

214,303

251,733

242,405

305,224

234,098

146,821

170,525

120,302

132,811

156,795

154,945

0

0

0

Cash flows from investing activities:
Proceeds from sales of investment securities available for sale

-

242,733

237,191

210,559

202,325

73,054

176,826

210,773

169,210

374,938

265,965

215,987

210,943

137

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52,282

0

0

0

Proceeds from maturities and calls of investment securities held to maturity

-

-

-

-

-

2,530

0

0

0

-

-

-

-

3,225

0

0

0

-

-

-

-

2,265

1,535

1,535

3,706

3,014

0

0

0

-

-

-

-

3,370

0

0

0

Proceeds from maturities and calls of investment securities available for sale

366,248

308,109

259,822

222,927

221,983

224,713

226,989

219,332

237,586

235,757

241,766

280,062

320,473

383,577

371,985

362,018

300,696

223,750

213,322

181,740

165,032

151,888

135,069

119,511

114,432

142,163

149,811

142,404

142,404

101,582

103,110

107,831

97,233

100,026

0

0

0

Proceeds from sales and calls of other investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,392

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of other investment securities

-

45

45

2,808

13,858

15,938

27,796

25,670

15,045

15,302

3,444

2,854

2,439

71

209

162

152

233

506

506

506

3,279

2,868

17,924

17,924

17,019

0

0

0

-

-

-

-

-

-

-

-

Purchases of investment securities available for sale

922,865

955,505

692,122

524,408

234,426

191,313

248,998

269,727

259,614

241,274

337,378

286,608

369,855

385,813

412,879

500,657

473,524

436,081

290,729

233,057

179,757

167,334

297,717

273,158

277,042

286,912

141,015

125,530

117,004

130,078

147,987

191,837

192,885

146,272

0

0

0

Purchases of other investment securities

22,369

23,566

29,941

32,704

31,004

18,494

16,369

13,606

6,806

4,553

303

303

303

660

0

0

0

-

-

-

-

8,318

0

0

0

-

-

-

-

-

-

-

-

1,041

0

0

0

Net increase in loans

365,064

363,446

388,781

398,304

508,807

391,428

386,520

395,693

470,351

636,836

690,749

718,413

702,244

690,495

677,235

656,418

492,347

318,936

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Net cash received from acquisitions

-

-

-

-

-

-

-

-

113,562

185,163

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recoveries of loans previously charged off

4,865

3,914

3,447

3,145

3,292

3,300

3,661

4,194

3,665

3,430

3,387

3,246

3,518

3,552

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Net increase in loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,545

85,249

125,730

133,475

20,247

-53,964

639

-2,061

53,483

28,900

-16,397

-74,892

0

0

0

Net cash received from branch acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

136,717

0

0

0

Purchases of premises and equipment

14,555

15,798

16,567

15,386

14,359

14,538

15,572

16,336

14,559

15,163

16,571

19,510

24,231

25,796

21,868

20,175

17,745

15,225

14,527

13,378

13,983

16,108

19,718

18,969

16,204

13,751

4,169

8,052

9,209

8,387

18,050

16,852

19,608

19,463

0

0

0

Proceeds from sale of OREO

8,419

8,450

9,693

14,649

12,446

13,943

19,075

14,796

19,010

18,751

17,504

17,033

18,600

23,565

24,323

32,474

31,184

35,120

44,970

45,449

62,971

64,883

75,904

81,276

74,094

72,380

69,664

65,602

70,790

75,970

0

0

0

-

-

-

-

Proceeds from sale of premises and equipment

14

11

130

136

146

146

33

18

6

15

0

0

0

-

-

-

-

39

33

2,510

3,941

3,922

0

0

0

-

-

-

-

58

0

0

0

-

-

-

-

Net cash used in investing activities

-837,060

-795,053

-616,583

-516,078

-333,277

-282,149

-94,924

-103,353

-188,421

-60,900

-439,545

-430,210

-469,490

-690,919

-710,378

-377,311

-243,240

-103,015

130,191

-153,628

-44,085

-9,497

-75,785

389,730

388,244

418,423

557,679

125,646

231,248

177,858

109,934

115,201

-2,118

115,345

0

0

0

Cash flows from financing activities:
Net increase in deposits

425,576

530,163

409,912

283,990

256,485

114,779

101,088

155,869

178,282

226,045

293,681

346,794

350,560

233,993

169,412

58,124

90,013

201,097

121,489

91,389

3,001

-94,455

-144,876

-128,643

-110,513

-264,673

-199,635

-229,632

-323,980

-142,812

-133,424

-180,508

-163,495

-290,906

0

0

0

Net increase in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings

48,832

28,092

-10,626

-33,939

-80,683

-16,208

-11,401

-2,049

5,142

-27,930

-15,183

-8,060

39,384

25,542

44,748

53,163

35,261

66,691

29,292

7,307

21,789

10,140

-2,563

18,148

-73,716

-27,220

-6,029

28,692

70,256

35,152

32,104

23,566

28,926

-12,338

0

0

0

Proceeds from other borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from FHLB advances

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of other borrowings

7

150,007

265,007

330,008

640,008

540,007

733,783

683,782

383,781

390,811

82,035

67,035

57,043

14

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Preferred stock redeemed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of FHLB advances and other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

557

255,995

256,316

255,443

0

0

0

-

-

-

-

59,128

0

0

0

Common stock issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,533

0

0

0

Common stock repurchases

151,224

159,431

207,114

150,954

103,750

70,577

12,246

3,633

3,877

5,512

4,227

4,984

4,818

5,981

9,910

9,158

9,060

5,631

1,614

1,697

1,645

917

664

863

881

933

835

873

922

836

764

511

424

342

0

0

0

Dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,073

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on common stock

60,095

57,696

55,226

53,397

51,860

50,557

47,173

43,977

41,115

38,623

36,707

34,553

32,160

29,285

27,831

26,376

24,925

23,710

22,724

21,742

20,762

19,785

19,049

18,553

16,791

15,274

13,421

11,418

10,917

10,244

9,905

9,715

9,532

9,514

0

0

0

Stock options exercised

1,231

1,230

1,231

403

1,368

1,032

1,862

1,862

1,724

1,965

1,825

2,530

1,896

2,204

1,670

984

1,063

1,115

1,396

1,519

1,247

709

1,102

1,429

1,498

1,885

1,399

1,668

1,748

1,244

1,207

679

673

731

0

0

0

Net cash provided by financing activities

965,708

893,746

839,510

747,418

422,884

29,794

-275,441

-214,569

-92,570

-133,811

162,536

239,835

302,922

231,562

179,014

77,651

93,254

194,072

82,298

31,218

-41,941

-170,742

-232,700

-451,125

-523,365

-562,231

-495,667

-233,046

-285,288

-138,944

-110,944

-187,162

-164,079

-335,964

0

0

0

Net increase in cash and cash equivalents

313,245

279,721

411,885

455,122

305,087

31,356

-96,625

-35,041

-18,622

3,179

-103,583

-50,022

-34,151

-321,346

-381,863

-111,470

66,543

277,925

386,352

3,859

18,119

-61,592

-142,272

152,908

116,612

98,597

367,236

126,698

92,781

209,439

119,292

60,850

-9,402

-65,674

0

0

0

Supplemental Disclosures:
Interest

87,841

86,355

82,273

73,386

62,916

52,062

41,363

30,273

22,120

17,962

13,737

12,254

10,813

9,148

9,492

9,925

10,828

12,449

13,744

15,039

16,297

16,739

21,852

17,754

15,792

14,063

7,426

10,542

10,365

11,303

13,332

15,454

19,338

22,870

0

0

0

Income taxes

55,645

55,674

39,888

41,048

32,029

31,941

46,475

47,974

48,054

48,028

39,660

34,664

39,584

39,490

34,793

33,641

30,371

31,375

35,724

37,388

37,266

36,017

30,189

24,361

16,215

16,358

-3,304

-6,666

2,269

6,504

0

0

0

-

-

-

-

Initial measurement and recognition of operating lease assets in exchange for lease liabilities per ASU 2016-02

-

82,160

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recognition of operating lease assets in exchange for lease liabilities

8,741

10,239

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Schedule of Noncash Investing Transactions:
Acquisitions:
Fair value of tangible assets acquired

-

-

-

-

-

-7,247

3,075,211

3,076,674

3,083,737

4,900,334

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other intangible assets acquired

-

-

-

-

-

-

-

-

-

44,295

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed

-

-

-

-

-

-

-

-

-

4,477,801

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net identifiable assets acquired over liabilities assumed

-

-

-

-

-

-3,314

286,695

285,948

289,078

466,828

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued in acquisition

-

-

-

-

-

-

-

-

-

1,123,175

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate acquired in full or in partial settlement of loans

9,710

8,666

11,025

10,764

11,500

13,391

15,159

16,870

10,169

11,558

10,921

11,398

14,002

13,993

19,127

25,525

28,441

30,702

32,556

33,073

39,763

45,815

50,996

51,718

50,180

54,320

45,863

40,627

41,257

46,589

47,968

70,462

73,963

61,135

0

0

0