Tcf financial corporation (TCF)
CashFlow / Quarterly
Mar'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'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

73,449

88,156

88,839

62,209

76,424

103,652

63,049

63,497

48,586

52,105

58,663

60,668

50,281

61,192

52,575

52,255

39,801

31,417

52,317

53,125

44,757

39,995

42,795

38,904

29,974

26,785

11,694

31,531

-282,894

16,443

32,255

30,424

30,272

35,108

36,893

45,025

33,921

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses

10,122

18,894

2,270

14,236

11,368

22,259

14,545

19,446

12,193

19,888

13,894

13,250

18,842

17,607

10,018

12,528

12,791

55,597

15,739

9,909

14,492

22,792

24,602

32,591

38,383

48,520

96,275

54,106

48,542

59,249

52,315

44,005

45,274

77,646

59,287

49,013

50,491

Depreciation and amortization

56,508

55,544

56,823

53,629

56,606

57,254

54,394

49,454

45,465

47,123

43,252

45,872

45,979

46,003

36,468

38,012

36,804

33,273

33,306

32,703

29,419

32,721

30,246

25,043

29,940

30,228

40,539

20,296

18,129

17,951

18,585

18,989

17,658

18,458

14,297

22,224

22,156

Provision for deferred income taxes

-1,011

25,577

13,451

19,079

879

-71,414

13,118

16,599

-12,032

1,439

16,468

7,405

7,654

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Sale of Loans Receivable

80,877

107,384

107,882

87,746

69,342

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on termination of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-550,735

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,117

2,684

1,871

-

1,721

2,503

1,717

1,227

1,607

2,372

1,826

1,306

1,536

1,939

1,406

1,075

1,243

1,686

989

-

-

-

-

Originations of loans and leases held for sale, net of repayments

72,125

103,829

103,001

94,920

73,872

71,012

70,015

56,538

232,556

302,724

306,376

301,401

296,726

261,694

252,182

233,206

218,630

174,868

165,122

153,513

132,669

111,092

104,727

76,091

62,072

54,725

61,417

42,724

12,554

-

-

-

-

-

-

-

-

Proceeds from sales of loans and leases held for sale

-

-

-

-

-

-

-

-

61,287

-

288,079

278,980

300,610

219,267

1,163,952

-289,063

-123,689

944,980

-165,973

-109,203

-98,253

-111,416

-53,093

-61,622

-51,049

-47,160

-66,897

-31,336

-15,828

-

-

-

-

-

-

-

-

Gains on sales of assets, net

14,918

10,904

10,388

8,033

10,556

14,942

10,911

11,371

14,741

21,723

26,222

24,839

24,599

18,215

19,683

25,371

17,202

29,952

22,434

15,217

23,133

17,460

14,650

13,679

15,476

13,870

26,139

19,469

81,187

12,704

-3,738

970

6,529

-

-

-

-

Net change in other assets and accrued expenses and other liabilities

-15,095

15,693

7,756

-23,293

1,965

1,113

14,827

41,042

39,398

4,720

34,161

-68,209

-42,167

40,772

-19,819

-88,242

35,314

20,242

-34,618

-11,715

-20,101

-22,245

-98,215

-58,478

-11,433

-16,684

-6,641

-62,288

153,598

2,409

-16,453

-62,845

-15,287

-35,823

-1,802

-5,845

-18,927

Other, net

11,089

12,281

7,566

10,789

11,313

3,139

10,148

11,942

10,967

3,105

5,245

9,810

6,507

6,524

10,828

5,007

7,080

8,564

8,243

8,243

7,521

6,575

37,272

-2,753

-4,806

589

-3,940

-4,015

-7,473

-13,457

-63

-7,705

-6,786

-3,427

-9,559

-7,992

2,984

Net cash provided by (used in) operating activities

136,908

152,848

140,554

146,450

116,913

186,838

107,032

87,745

-142,163

-35,104

48,352

138,334

137,701

30,978

176,752

219,200

-63,270

116,274

107,875

42,185

45,416

95,269

93,909

131,993

89,863

101,499

139,966

143,318

111,880

100,646

124,652

164,684

109,737

149,390

113,724

124,131

128,479

Total adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128,272

111,787

394,774

-

92,397

134,260

79,465

114,282

76,831

79,106

94,558

Cash flows from investing activities:
Proceeds from sales of debt securities

205,862

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

294

1,472

1,047

-

-

-

-

187,584

0

0

1,901,460

-

-

-

-

-

-

-

-

Proceeds from maturities of and principal collected on debt securities

52,894

53,587

54,059

44,850

32,533

31,983

38,787

33,413

33,361

44,616

43,454

33,109

24,603

23,765

26,985

24,032

19,468

15,774

17,122

15,732

9,523

11,129

20,990

28,058

31,247

-

36,069

16,204

116,267

140,071

182,620

179,025

85,100

190,939

117,767

58,027

69,841

Purchases of debt securities

597,875

310,786

271,781

329,329

320,722

116,022

85,455

66,290

86,841

108,472

170,367

173,368

240,789

133,243

173,425

115,940

88,067

2,739

65,862

33,908

36,571

5,278

32,036

5,782

10,216

190,544

0

24,820

430,516

321

526,296

165,809

346,953

1,289,320

407,425

40,874

50,523

Redemption of Federal Home Loan Bank stock

26,000

68,001

75,000

70,001

56,000

56,001

53,000

59,001

78,000

54,001

32,000

36,003

34,963

37,001

34,000

49,000

33,004

25,003

25,000

27,006

28,922

15,001

17,067

8,682

226

16,009

1

80,323

101,238

5,730

1,113

5,562

16,688

14,907

0

5

11,130

Purchases of Federal Home Loan Bank stock

38,000

79,000

60,000

74,000

65,000

51,000

58,000

60,000

85,000

69,000

30,040

26,040

36,000

31,000

32,000

48,000

27,000

26,000

24,000

18,000

29,000

13,000

4

5,562

223

11,112

4,896

29,147

112,362

1,112

1,112

1,104

3,335

24,917

7,783

1

2,224

Proceeds from sales of loans and leases

194,109

228,442

304,230

130,000

240,934

461,937

265,016

280,323

611,515

904,517

807,798

624,821

493,671

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan and lease originations and purchases, net of principal collected on loans and leases

521,907

562,991

-319,959

-884,207

468,326

266,690

787,486

19,473

734,954

841,870

483,028

96,078

779,800

438,166

465,146

198,611

866,211

705,370

587,702

156,217

741,464

336,611

217,748

154,543

487,128

79,085

279,298

5,106

990,492

-248,633

-263,394

-271,415

-29,546

-

-

-

-

Purchase of inventory finance portoflios

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,658

1

-1

1

37,526

-

-

-

-

-

-

-

-

Proceeds from sales of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

551,479

364,386

-

582,362

358,823

527,892

421,829

271,365

278,737

406,304

140,017

248,314

109,740

62,350

17,592

146,306

860

3,153

-

-

-

-

Proceeds from sales of lease receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,518

7,375

-

12,301

5,232

5,057

12,294

5,130

17,578

8,213

23,476

3,244

23,983

28,102

-

-

18,455

32,489

-

-

-

-

Proceeds from sales of lease equipment

-

-

-

-

-

-

-

1,717

2,242

-

3,952

3,131

4,265

3,364

3,365

1,287

2,025

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in loans and leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-63,002

Purchases of lease equipment

-

-

-

-

-

294,389

235,195

284,838

223,786

356,631

284,161

333,109

223,380

334,902

300,911

252,508

199,117

266,314

212,879

239,387

202,405

272,838

201,082

233,467

196,996

396,662

73,757

260,227

207,582

278,674

198,057

227,269

190,593

232,167

189,290

215,908

165,222

Proceeds from sales of assets

19,644

-

-

-

11,873

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of real estate owned

-

-

-

-

-

-

-

12,494

15,711

-

12,531

20,010

20,504

20,692

15,019

19,060

16,938

24,114

9,411

14,099

19,425

17,115

25,233

19,070

40,832

45,516

29,116

29,081

28,331

25,535

25,195

28,991

27,707

38,312

13,430

23,323

28,171

Purchases of premises and equipment and lease equipment

41,121

10,631

11,930

-5,011

38,541

12,052

14,513

12,266

9,597

12,321

8,304

6,227

7,661

15,139

17,809

12,232

8,414

12,481

10,124

10,291

12,573

13,380

7,102

7,694

9,683

9,577

7,577

18,542

8,386

12,710

6,553

6,760

8,842

7,597

9,084

12,497

6,910

Other, net

-2,937

-5,784

-4,834

-2,866

-7,451

-4,004

-7,571

-6,563

-7,965

-6,065

-5,024

-6,559

-5,354

1,253

-5,447

-5,539

-6,683

-1,155

-7,836

-6,853

-6,559

-13,206

-8,283

-8,226

-5,921

-15,793

-12,518

-902

-10,736

-8,605

-7,370

-5,887

-12,472

-7,234

-10,097

-5,171

-9,918

Net cash provided by (used in) investing activities

-697,457

-695,545

154,269

182,780

-543,798

-168,885

-801,907

-57,476

-391,384

-366,603

-71,141

88,811

-704,270

-392,274

-517,061

31,624

-738,930

-126,508

-246,241

-28,586

-423,588

-104,272

-109,659

-46,697

-221,161

-237,342

-36,265

-64,494

461,620

254,835

-113,276

99,518

-342,568

-71,000

-381,235

-25,496

-168,821

Cash flows from financing activities:
Net change in deposits

141,885

385,715

133,238

-327,020

357,224

225,583

596,300

45,596

227,133

4,251

66,106

-144,269

592,380

657,408

228,022

-231,791

603,007

260,362

136,678

235,259

365,362

-3,888

139,446

-14,520

249,318

344,363

17,113

945,233

542,073

-117,395

376,629

-102,844

461,602

123,596

-61,524

-359,330

314,054

Net change in short-term borrowings

355,947

-2,291

1,540

70

841

-1

-8,712

2,976

990

2,892

-3,175

2,322

-3,231

-31,226

29,329

-1,114

4,083

1,041

-4,879

-172,320

175,665

-3,331

5,219

-687

1,098

-2,910

-1,844

-1,149,814

1,150,771

-788

-2,310

-3,386

-113,890

-217,891

329,876

-2,785

-227,014

Proceeds from long-term borrowings

621,328

2,337,492

2,028,141

2,659,715

2,355,602

2,059,281

2,131,855

2,189,416

3,610,415

2,341,398

1,037,378

955,170

1,249,037

814,953

1,002,990

1,440,899

1,212,244

968,604

735,009

562,789

542,210

568,180

4,568

165,253

6,347

5,233

108,939

18,878

1,150,416

385

166

934

413

408,091

12,040

134,042

20,703

Payments on long-term borrowings

662,097

2,063,846

2,413,254

2,561,905

2,143,531

2,191,116

2,015,951

2,167,181

3,442,038

1,972,475

1,065,889

1,217,547

1,286,920

960,473

1,035,061

1,462,190

1,208,871

984,901

758,313

610,825

705,909

681,055

269,221

230,222

10,924

11,057

156,381

-108,489

4,105,153

-97

-26,700

100,338

302,546

103,971

9,779

12,677

9,277

Payments on liabilities related to acquisition and portfolio purchase

1,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of Series B preferred stock

0

-

0

0

100,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

0

63,017

24,026

71,515

54,371

9,163

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common shares sold to TCF employee benefit plans

0

0

0

0

715

5,552

5,108

6,148

6,446

0

0

0

5,838

5,562

4,834

6,156

8,283

5,281

4,694

5,654

7,454

4,945

5,031

4,313

5,890

4,373

4,448

4,544

6,097

3,679

4,378

3,826

6,088

-

-

-

-

Dividends paid on preferred stock

2,493

2,494

2,494

2,494

4,106

5,363

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,847

4,524

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on common stock

24,294

24,574

24,741

24,847

25,328

12,700

12,674

12,648

12,595

12,559

12,555

12,553

12,515

12,477

8,302

8,282

8,241

8,219

8,203

8,164

8,145

8,079

8,065

8,048

8,035

8,008

7,991

7,971

7,934

7,909

7,888

7,875

7,100

7,079

7,066

7,054

6,418

Stock compensation tax (expense) benefit

-

-

-

-

-

-

-

-

-

-37

47

-338

-49

196

75

153

134

-66

619

302

461

2

20

-186

-309

-87

-353

19

-238

-

-

20

457

-

-

-

834

Exercise of stock options

0

0

0

0

-997

0

0

0

-57

-17

-684

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment by (distribution to) non-controlling interest

8,038

5,199

5,743

-8,251

7,947

4,332

4,919

-6,850

7,081

13,087

-5,105

-7,242

7,692

-4,527

-3,128

-5,063

6,304

-2,618

-3,681

-6,982

7,776

-2,714

-4,991

-6,643

5,837

-1,241

-3,268

-5,308

6,406

-2,854

-2,350

-4,846

7,051

-2,405

-2,508

-1,380

7,103

Net proceeds from public offering of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

219,666

0

0

0

164,567

Redemption of subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

50,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,539

972

2,123

3,745

Net cash provided by (used in) financing activities

437,314

559,786

-306,731

-336,247

393,996

-107,905

855,146

52,610

392,528

354,829

11,276

-429,304

547,385

464,569

213,912

-263,509

612,096

284,637

97,817

866

330,027

-59,767

-132,840

-166,607

244,698

314,063

-46,831

80,791

-1,257,562

-131,513

401,856

-214,509

271,741

198,840

266,507

-243,980

274,235

Net change in cash and due from banks

-123,235

17,089

-11,908

-7,017

-32,889

-89,952

160,271

82,879

-141,019

-46,878

-11,513

-202,159

-19,184

103,273

-126,397

-12,685

-190,104

274,403

-40,549

14,465

-48,145

-68,770

-148,590

-81,311

113,400

178,220

56,870

159,615

-684,062

-

-

49,693

38,910

277,230

-1,004

-145,345

233,893

Treasury shares sold to TCF employee benefit plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1,873

3,915

5,938

Supplemental disclosures of cash flow information:
Cash paid (received) for interest on deposits and borrowings

48,276

39,690

35,042

34,437

29,857

25,850

21,846

19,989

18,726

19,177

19,529

19,611

20,613

17,974

18,441

14,998

13,442

16,090

14,311

13,434

12,119

14,161

15,174

15,272

16,846

17,391

18,950

16,466

55,717

54,451

58,785

57,104

61,013

63,145

64,517

63,766

67,322

Cash paid (received) for income taxes, net

-140

-5,273

1,404

5,625

-28,064

8,494

2,611

32,175

18,835

35,299

9,497

15,751

-37,483

36,568

45,300

35,887

-38,068

24,430

30,492

52,484

6,156

2,686

1,180

-36,508

4,186

-27,603

-352

12,448

2,131

535

-13,066

-4,396

4,915

2,141

34,304

36,184

148

Transfer of loans and leases to other assets

27,280

27,543

27,626

24,034

26,044

25,650

27,023

25,753

22,182

31,351

27,321

23,080

26,016

27,170

28,595

27,717

23,921

25,476

23,333

22,123

20,248

27,553

28,695

24,878

31,337

32,662

24,075

43,923

36,651

43,292

38,969

44,182

48,918

62,084

54,708

57,861

39,426

Transfer of loans and leases from held for investment to held for sale, net

170,537

204,453

130,215

363,916

150,357

354,678

337,094

-149,994

778,432

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets arising from obtaining operating lease liabilities

92,259

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of securities available for sale to securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

191,665

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-