United community banks, inc. (UCBI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities:
Net income

185,721

166,111

67,821

100,656

71,578

67,620

273,140

33,856

-226,746

-502,344

-228,327

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

23,952

30,971

27,494

29,974

22,652

19,952

26,388

32,562

21,084

16,388

14,553

Provision for credit losses

13,150

9,500

3,800

-800

3,700

8,500

65,500

62,500

251,000

223,000

310,000

Goodwill impairment charges

-

-

-

-

-

-

-

-

-

210,590

95,000

Stock based compensation

9,360

6,057

5,827

4,496

4,403

4,304

3,045

1,976

2,144

2,459

3,704

Deferred income tax expense

14,909

32,630

99,562

59,727

38,296

38,226

-241,655

-

-

69,254

-49,992

Securities losses, net

-1,021

-656

42

982

2,255

4,871

186

7,078

842

2,552

2,756

Losses on prepayment of borrowings

-

-

-

-

-1,294

-4,446

-

-6,681

-791

-2,233

-

Gains from sales of other loans

6,867

9,277

10,493

9,545

6,276

2,615

-

-

-

-

-

Net (gains) losses on sales and write downs of other assets

-

-

-

397

-5,306

-

-

-

-

-

-

Net (gains) losses on sales and write downs of other real estate owned

-

-

-

2

638

704

-4,706

-8,875

-68,406

-49,326

-17,881

Changes in assets and liabilities:
Other assets and accrued interest receivable

45,789

-13,195

15,525

-

-

-

-

-

-

-

-

Other assets and accrued interest receivable

-

-

-

39,007

8,848

16,776

293

-43,738

-27,188

-25,881

41,776

Gain from sale of subsidiary

-

-

-

-

-

-

-

-

-

2,110

-

Gain from acquisition

-

-

-

-

-

-

-

-

-

-

11,390

Loss on sale of nonperforming assets

-

-

-

-

-

-

-

-

-

-45,349

-

Accrued expenses and other liabilities

-1,975

3,772

24,280

1,299

-9,080

-15,385

42,505

4,908

-3,171

-8,406

16,348

Loans held for sale

39,549

-16,391

-5,238

5,505

6,705

3,418

-18,502

4,940

-12,027

5,682

9,892

Net cash (used in) provided by operating activities

153,933

270,006

207,962

139,914

113,427

99,279

191,652

183,078

151,881

123,386

139,561

Investing activities:
Debt securities held-to-maturity:
Proceeds from maturities and calls

50,379

58,605

56,917

68,232

70,962

64,791

63,985

82,801

76,764

102,567

-

Purchases

59,629

11,983

36,638

24,021

20,000

173

8,481

-

144,506

55,513

-

Debt securities available-for-sale and equity securities:
Proceeds from Sale of Debt Securities, Available-for-sale

352,106

168,891

340,540

199,864

353,860

419,201

39,731

469,167

128,217

75,528

328,968

Proceeds from maturities and calls

349,758

346,505

605,889

392,575

284,435

224,302

477,060

629,896

493,276

779,963

693,064

Purchases

294,245

566,333

936,947

692,983

839,345

603,384

818,256

1,166,653

1,184,013

872,513

884,815

Net increase in loans

205,612

291,890

109,433

657,650

475,132

323,837

358,858

159,814

-53,104

160,217

-35,071

Proceeds from sales of premises and equipment

6,595

6,483

3,137

5,077

5,546

3,137

3,946

1,059

737

103

634

Net cash (paid) received for acquisitions

19,545

56,800

-53,678

-1,912

35,497

31,261

-

-

-

-

63,617

Funds paid to FDIC under loss sharing agreements

-

-

-

-

1,198

2,662

5,882

14,292

33,572

27,562

26,208

Purchase of bank owned life insurance

0

0

10,000

20,000

-

-

-

-

-

-

-

Purchases of premises and equipment

20,944

17,617

22,183

17,375

10,532

5,054

8,143

4,117

7,210

7,128

14,868

Proceeds from sales of loans held for investment

-

-

-

-

190,111

4,561

91,913

-

99,298

27,823

27,893

Net cash received from sale of subsidiary

-

-

-

-

-

-

-

-

-

2,842

-

Net cash received from sale of nonperforming assets

-

-

-

-

-

-

-

-

-

20,618

-

Proceeds from sale of other real estate

2,439

4,664

9,534

12,043

5,352

10,175

28,430

31,356

86,789

111,222

154,381

Other investing activities, net

-1,916

0

0

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

163,218

-359,475

-45,506

-732,326

-400,444

-234,880

-482,791

-102,013

-363,972

373,291

403,945

Financing activities:
Net increase in deposits

151,401

727,839

287,073

365,531

195,881

125,007

249,365

-145,843

-371,189

-154,902

-682,236

Repayment of long-term debt

55,266

71,831

75,000

0

48,521

-

35,000

30,500

30,000

-

-

Net (decrease) increase in short-term borrowings

0

264,923

43,859

21,640

-18,437

-51,687

667

54,483

-1,510

322

9,692

Proceeds from FHLB advances

1,625,000

2,860,000

4,000,000

9,780,000

2,075,000

1,230,000

770,000

1,789,000

-

-

330,000

Repayment of FHLB advances

1,785,000

3,204,003

4,294,000

9,514,125

1,937,070

1,080,000

690,000

1,791,701

15,291

61,181

503,322

Proceeds from issuance of long-term debt, net of issuance costs

0

98,188

0

0

83,924

-

40,000

35,000

-

-

-

Proceeds from issuance of common stock for dividend reinvestment and employee benefit plans

2,193

679

450

366

303

469

796

894

1,453

1,831

2,154

Proceeds from penalty on incomplete private equity transaction

-

-

-

-

-

-

-

-

3,250

-

-

Cash dividends on Series A preferred stock

-

-

-

-

-

-

-

12

13

-13

-14

Proceeds from exercise of stock options

212

142

0

0

-

-

-

-

-

-

2

Cash paid for shares withheld to cover payroll taxes upon vesting of restricted stock

1,686

1,998

1,701

1,189

1,483

-

-

-

-

-

-

Proceeds from issuance of common stock, net of offering costs

-

-

-

-

-

12,206

-

-

361,560

-

211,089

Repurchase of common stock

13,020

0

0

13,659

-

-

-

-

-

-

-

Retirement of preferred stock

-

-

-

9,992

-

121,613

75,217

-

-

-

-

Proceeds from warrant exercise

-

-

-

-

-

-

19,389

-

-

-

-

Repurchase of outstanding warrant at fair value

-

-

-

-

-

12,000

-

-

-

-

-

Cash dividends on common stock

53,044

41,634

26,210

15,849

14,822

1,810

-

-

-

-

-

Cash dividends on preferred stock

-

-

-

46

50

1,214

11,112

-

-

-

-

Retirement of Series A preferred stock

-

-

-

-

-

-

-

-

-

-

-41

Cash dividends on Series B preferred stock

-

-

-

-

-

-

-

9,000

9,020

-9,000

-8,500

Cash dividends on Series D preferred stock

-

-

-

-

-

-

-

1,687

1,210

-

-

Net cash provided by (used in) financing activities

-129,210

102,459

-65,529

569,397

334,725

99,358

268,888

-208,332

-58,950

-223,587

-660,560

Net change in cash and cash equivalents, including restricted cash

187,941

12,990

96,927

-23,015

47,708

-36,243

-22,251

-127,267

-271,041

273,090

-117,054

Supplemental disclosures of cash flow information:
Interest

85,973

56,830

34,657

32,141

21,604

25,669

26,139

42,107

68,068

112,171

177,297

Income taxes paid

33,776

7,880

6,514

3,948

4,203

3,046

2,362

-26,164

138

-37,184

-25,213