UMB FINANCIAL CORP UMBF Cash Flow

Umb financial corp (UMBF)

CashFlow / Quarterly

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	Dec'09	Sep'09	Jun'09	Mar'09
OPERATING ACTIVITIES
Net (loss) income
-3,439	66,515	62,382	56,959	57,744	25,454	57,849	55,424	56,786	111,961	48,142	42,821	44,181	42,934	41,946	37,518	36,403	29,643	22,451	30,214	33,765	26,940	35,630	34,672	23,413	34,663	34,432	29,929	34,941	21,060	26,125	29,165	46,367	23,266	26,015	26,321	30,870	19,032	22,772	23,013	26,185	23,858	23,998	19,027	22,601
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Provision for credit losses
88,000	-	-	-	12,350	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	48,000	5,750	7,000	10,000	6,000	11,500	14,500	9,000	7,500	13,000	7,000	5,000	5,000	2,500	5,000	3,000	3,000	4,500	5,000	4,500	4,000	6,500	5,000	2,000	4,000	4,500	4,500	4,500	5,000	4,500	5,600	7,100	7,400	7,700	8,100	8,310	11,500	8,300	6,300	6,000
Net (accretion) amortization of premiums and discounts from acquisition
275	-80	138	-138	-135	205	9	174	10	96	119	853	838	592	776	1,539	-604	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
15,591	14,870	14,072	13,702	13,614	13,335	13,237	13,173	13,371	13,337	13,003	14,160	14,375	13,607	13,544	13,700	13,705	14,253	14,471	12,235	11,792	11,940	11,761	11,310	11,344	11,223	10,994	11,035	10,969	10,271	10,071	10,295	10,210	10,211	10,319	11,196	11,205	10,530	10,167	9,509	9,170	10,164	9,226	9,156	9,561
Deferred income tax (benefit) expense
-11,134	-1,484	1,895	-859	295	2,274	12,168	-26,943	-7,760	58,183	3,292	-1,415	-322	1,845	-1,754	4,082	-1,417	1,428	-3,699	-1,054	-1,523	-5,547	-1,548	-1,539	-2,822	169	-2,489	-212	-2,591	2,266	533	2,198	-1,322	3,543	-1,282	-2,104	-354	-3,877	-3,387	-2,875	-3,087	1,122	-3,245	-1,311	-2,532
Net (increase) decrease in trading securities and other earning assets
17,789	-41,509	2,646	27,286	-4,507	-19,694	14,841	1,114	13,628	-6,875	-1,529	-16,069	35,278	-18,215	3,344	30,510	-3,219	247	-17,951	6,111	1,335	-9,073	7,775	-13,109	17,121	-7,482	6,998	-24,592	16,824	15,845	-16,925	-11,852	10,554	-12,935	27,797	-10,780	11,580	1,960	-7,259	12,921	-3,356	-8,273	8,464	1,513	-1,970
Gains on sales of securities available for sale, net
1,227	755	3,057	-1,403	809	0	211	228	139	54	2,390	1,280	468	0	2,978	2,598	2,933	1,998	101	967	7,336	62	26	2,569	1,470	-10	1,140	1,519	5,893	210	259	3,222	16,541	234	2,411	6,024	7,456	1,045	752	1,136	5,382	4,539	3,307	1,849	42
Gains on sales of assets
1,922	127	-365	376	236	2,564	369	-70	-142	102,862	503	-1,039	1,020	626	-584	452	268	-1	104	76	-81	86	-286	2,684	550	757	-334	1,311	-303	401	-152	-196	851	-114	-62	0	1	263	26	171	-92	-476	0	19	-1
Amortization of securities premiums, net of discount accretion
-8,795	-9,290	-8,349	-8,462	-8,859	-9,867	-11,259	-11,007	-11,640	-11,530	-12,432	-12,058	-12,081	-11,000	-14,387	-14,527	-14,553	-16,330	-14,506	-12,918	-13,547	-12,943	-12,710	-12,613	-13,276	-12,909	-13,295	-13,611	-13,433	-13,158	-12,411	-12,237	-12,629	-12,817	-11,470	-10,492	-10,130	-9,349	-8,155	-7,285	-7,299	-7,443	-7,410	-6,896	-3,963
Originations of loans held for sale
77,129	93,855	67,622	35,701	19,156	18,851	15,334	12,982	12,520	11,956	20,398	21,991	10,818	20,712	28,581	28,800	14,345	17,393	19,509	33,836	25,586	20,171	19,085	20,797	11,545	16,483	24,602	37,790	39,543	58,504	71,835	56,101	51,557	57,974	52,015	38,310	55,800	86,358	51,311	53,719	26,577	45,902	51,195	84,416	67,157
Gains on sales of loans held for sale, net
320	450	484	259	177	217	416	280	270	373	443	446	299	493	410	672	199	200	304	485	342	323	319	306	189	278	174	224	211	484	607	615	304	459	88	571	480	731	402	76	170	318	379	501	389
Proceeds from sales of loans held for sale
75,667	97,500	59,900	34,442	21,258	18,100	17,000	14,336	9,664	15,351	19,759	20,928	14,462	27,806	27,606	23,807	10,303	18,017	21,619	34,643	23,411	21,588	20,842	19,055	11,983	18,437	28,436	37,626	37,326	69,010	69,570	55,851	51,914	59,780	47,122	38,746	64,248	83,931	50,896	61,062	26,564	48,107	70,224	81,656	54,633
Issuance of equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	449	-	0	-1	245	0	1	0	239	0	0	1	124	0	0	0	132
Equity-based compensation
3,410	3,316	3,924	3,717	3,893	2,110	3,269	2,930	2,765	3,269	3,332	3,383	3,332	3,053	3,252	2,954	2,476	1,262	3,250	3,170	3,069	1,947	2,511	2,522	2,681	1,618	2,672	2,183	1,913	1,737	1,860	1,853	1,712	1,546	1,702	1,709	1,553	1,555	1,516	1,472	1,410	1,365	1,377	1,369	1,202
Net tax benefit related to equity compensation plans
-312	-123	-80	-24	-539	-123	-182	-346	-1,713	-463	-49	-1,317	-1,783	-1,334	511	-284	34	-212	-1,396	79	585	-3,387	305	134	1,068	261	460	171	332	26	169	80	84	-17	-1	-30	127	-3	8	99	48	4	18	111	58
Changes in:
Accrued income
-12,629	5,484	-5,372	7,389	6,839	6,156	3,879	2,501	-1,231	5,170	3,954	2,087	-2,010	6,029	366	2,648	-125	2,264	2,884	1,141	786	2,034	3,458	-1,579	-2,832	6,186	213	1,307	761	-350	-1,297	-2,547	-2,054	808	-2,940	4,379	-2,903	12,663	2,180	295	-3,434	145	3,728	-707	-2,730
Accrued expenses and taxes
-2,803	10,474	23,174	56,517	-13,319	6,169	23,940	17,855	-61,711	-61,817	32,508	18,483	-29,980	9,323	16,868	28,218	-40,297	-4,649	13,325	12,435	-25,614	18,880	30,508	19,514	-28,557	32,691	10,966	29,391	-11,956	3,012	15,404	9,242	-19,282	-491	11,808	2,986	2,687	3,359	-7,214	3,461	640	-4,705	8,320	2,328	-1,947
Other assets and liabilities, net
79,008	-7,366	56,473	26,748	36,453	44,120	-15,666	-1,247	-8,345	-37,552	-7,304	14,107	5,533	-18,508	5,184	11,307	-2,025	19,473	15,229	-16,481	3,834	15,932	-10,508	-11,043	25,719	-2,586	371	24,428	-11,790	2,491	4,199	-4,963	19,069	-10,915	18,195	9,360	-16,385	-12,834	-2,883	-4,170	5,423	37,120	2,507	3,738	-6,263
Net cash provided by operating activities
9,358	150,915	56,545	87,760	46,205	73,011	125,271	79,196	19,619	82,236	125,043	102,579	16,668	126,673	87,283	54,772	27,712	38,450	67,720	83,426	22,309	64,036	91,045	108,522	-17,944	102,084	71,192	86,577	35,345	46,685	81,948	84,960	10,151	80,161	14,151	47,082	71,649	41,093	46,076	46,880	45,945	19,579	56,030	34,092	36,989
INVESTING ACTIVITIES
Proceeds from maturities of securities held to maturity
19,507	88,931	60,941	35,368	22,769	32,880	15,417	44,950	21,303	23,516	31,267	16,130	16,682	18,782	7,218	13,867	8,672	28,365	4,747	10,951	15,712	8,466	9,043	3,261	4,500	6,824	17,077	2,136	7,996	3,429	2,397	1,767	2,163	1,661	2,072	3,525	1,556	1,310	2,267	3,371	2,626	2,999	2,573	1,121	1,229
Proceeds from sales of securities available for sale
84,400	80,600	186,700	91,400	53,300	0	54,200	27	41,273	5,438	301,238	185,755	86,069	1	352,523	316,709	282,031	163,256	77,551	238,816	466,422	3,375	776	332,221	77,583	6,509	69,047	275,563	333,912	24,287	17,261	198,923	775,658	21,054	106,739	257,543	626,732	133,827	98,309	56,927	360,020	109,436	44,471	44,948	98
Proceeds from maturities of securities available for sale
313,871	465,455	254,056	268,259	267,255	191,726	225,857	271,380	328,267	193,249	264,190	335,895	405,500	491,985	520,613	388,265	391,494	275,161	279,058	307,003	338,956	286,904	242,336	275,894	516,001	302,737	295,466	382,944	514,720	518,364	346,881	384,712	441,336	339,788	293,780	373,681	554,711	343,940	422,973	603,695	624,202	538,583	461,896	946,637	1,194,813
Purchases of securities held to maturity
18,662	130,556	53,286	13,013	1,893	12,999	9,852	3,551	6,756	11,387	28,020	89,210	108,215	127,162	135,491	91,359	146,670	109,577	143,421	113,721	84,631	50,735	9,743	32,230	16,600	41,117	38,746	33,001	22,734	20,138	8,655	1,173	9,676	2,489	21,506	4,689	6,104	5,244	5,021	4,250	1,678	12,600	2,697	1,340	1,468
Purchases of securities available for sale
422,003	627,369	607,799	532,439	579,392	726,373	244,569	174,841	340,795	477,553	374,312	182,610	550,920	856,830	407,797	578,872	702,529	630,624	54,800	470,051	768,272	448,675	331,487	535,043	544,487	343,516	182,360	906,667	805,695	1,032,829	495,410	691,315	1,341,488	714,000	606,103	501,710	1,187,087	1,102,640	636,200	817,115	865,300	1,142,962	1,077,819	764,770	436,286
Payment on low-income housing tax credit investment commitments
4,039	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in loans
525,091	392,659	145,370	362,990	383,799	261,519	335,522	185,009	188,349	289,134	158,649	99,985	222,959	252,242	216,696	386,035	274,053	383,539	130,971	439,996	33,928	366,807	186,415	167,527	242,279	15,137	171,105	331,397	327,354	296,234	77,360	177,142	187,607	191,440	49,765	72,524	93,503	8,975	140,235	85,566	-19,334	-9,298	-12,506	32,268	-76,740
Net decrease in fed funds sold and resell agreements
793,595	-1,114,953	-179,789	-18,831	362,229	-420,589	-136,066	56,862	64,393	52,835	-59,915	11,946	127,860	-79,436	-48,608	-25,459	2,803	-74,865	-7,436	-56,615	93,726	-52,850	17,397	26,334	-21,968	-32,584	12,539	-47,927	70,822	-48,696	-10,439	-21,070	56,415	20,617	-42,209	-40,693	231,383	-212,777	7,237	-8,459	308,588	-225,811	26,146	-78,266	183,258
Net cash activity from acquisitions and divestitures
-24	-	-	-	-	11,271	510	0	-2,874	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25,395	0	-1,384	692	-16,068	-828	0	-701	-	-	-	-	44,749	26,878	75,141	12,386	-	-	-	-
Net increase in interest bearing balances due from other financial institutions
-1,274	-5,700	0	-880	-3,867	14,165	-12,112	662	6,674	11,588	9,879	1,923	22,362	22,806	12,715	18,795	33,693	-6,113	21,386	6,509	12,691	-34,290	-50,353	-26,301	-53,471	-9,749	1,496	-903	-1,004	7,997	27,056	77,740	16,283	-15,406	-2,599	9,824	28,298	19,548	81,319	32,161	-18,458	14,833	-102,160	-76,687	-10,391
Purchases of premises and equipment
17,652	24,584	24,902	12,761	10,066	21,209	14,579	13,513	8,639	11,699	13,425	6,338	4,985	11,891	21,424	9,027	8,499	11,660	12,621	14,625	14,854	9,571	15,958	12,335	6,926	11,316	9,608	9,378	8,011	12,522	11,213	13,423	6,880	8,777	11,570	8,023	7,187	12,837	9,261	7,398	3,096	9,668	5,470	4,707	3,581
Proceeds from sales of premises and equipment
8,389	1,373	298	961	2,904	-	-	-	-	1,387	1,617	-140	173	-404	541	943	680	922	30	88	29	198	267	3,594	1,153	1,778	-2	2	808	439	373	-179	840	22	117	-75	118	2,363	145	116	169	728	880	394	163
Proceeds from bank-owned and company-owned life insurance death benefit
19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
231,123	-1,670,010	-514,968	-544,920	-270,531	-1,210,273	-457,246	-3,019	-79,755	-332,049	-89,508	171,412	-228,433	-794,391	61,199	-356,873	-412,378	-757,934	-171,052	-427,102	25,851	-663,985	-330,257	-150,243	-286,494	-110,176	-6,196	-667,244	-237,232	-839,835	-208,281	-241,160	-252,255	-548,971	-331,177	8,859	148,917	-886,234	-205,345	-301,659	414,021	-737,325	-632,342	1,440	1,004,575
FINANCING ACTIVITIES
Net (decrease) increase in demand and savings deposits
-186,380	2,034,122	-52,452	-71,792	332,490	1,448,663	1,230,068	-764,962	-511,650	1,867,540	12,677	38,054	-610,428	1,137,897	-206,912	123,170	543,871	40,365	614,935	305,858	-66,491	560,925	638,039	115,827	-1,140,073	294,791	1,187,416	-803,789	1,121,789	872,220	347,905	-335,752	852,699	569,865	-463,001	-407,520	1,587,474	277,563	143,936	292,161	-58,621	427,204	182,607	-149,019	-45,008
Net decrease in time deposits
-241,344	259,777	-38,433	106,807	-248,535	110,593	120,558	-67,225	-293,085	155,856	-109,739	163,428	-65,002	54,468	-63,434	107,502	-217,851	515	-49,502	90,445	-394,080	302,497	-58,891	-186,978	-234,922	277,376	123,878	-25,919	-215,696	149,356	-64,975	-82,391	-274,617	205,023	-55,777	-51,435	-243,459	149,363	37,487	-92,278	-255,508	217,095	33,573	146,128	-3,505
Net decrease in fed funds purchased and repurchase agreements
-5,591	105,508	82,116	214,836	-24,872	325,935	-473,173	311,543	93,911	-596,133	-29,533	-503,994	533,427	-164,186	232,556	106,844	-136,339	475,462	-431,835	55,355	-306,052	313,323	104,515	-366,442	390,518	55,254	-630,015	498,636	-127,927	623,071	-236,367	-102,139	-448,122	610,134	-165,244	-181,415	-396,990	652,163	31,313	89,570	-616,311	780,931	58,230	-325,793	-713,114
Net decrease in short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-107	-104	-103	-101	-99	0	-10,000	0	-2,000	-18,689	6,965	-138	-10,158	7,416	-776	5,548	-7,640	9,178	-15,660	8,835	11,354
Proceeds from long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	1,500	0	1,820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term debt
15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
-	1,579	1,884	58	1,305	99	416	240	898	33	265	288	938	418	10,013	180	1,092	219	17	9,370	1,210	257	178	70	1,060	75	133	130	972	253	157	163	1,106	1,312	204	173	2,366	199	275	13,696	1,246	6,900	715	3,686	1,166
Payment of contingent consideration on acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,031	2,792	0	0	18,702	0	0	7,750	5,975	0	1	11,272	4,899	5,111	4,609	0	7,651	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
15,150	15,217	14,722	14,720	14,777	14,750	14,467	14,531	14,531	13,705	12,715	12,746	12,710	12,653	12,140	12,163	12,082	11,863	11,809	11,579	10,716	10,685	10,246	10,232	10,201	10,166	8,747	8,729	8,526	8,841	8,320	8,324	8,302	8,273	7,874	7,903	7,751	7,882	7,485	7,484	7,477	7,470	7,078	7,066	7,178
Proceeds from exercise of stock options and sales of treasury shares
2,454	1,020	1,357	812	1,448	2,438	1,881	2,467	5,532	2,238	796	6,726	4,107	6,661	1,814	4,360	4,076	6,112	1,962	2,075	1,457	2,546	1,562	2,146	2,712	3,698	1,883	3,252	961	1,459	2,951	1,780	1,340	1,217	382	575	269	1,237	188	448	407	609	274	650	441
Purchases of treasury stock
59,386	161	221	28	4,086	50,090	20,206	260	5,951	907	10,090	251	4,028	2,178	608	701	12,880	2,284	794	70	5,309	1,883	693	298	2,867	950	801	94	1,656	14,357	778	2,618	2,666	707	5,053	2,009	1,373	1,325	2,343	2,250	2,961	563	9,033	4,855	12,443
Net cash (used in) provided by financing activities
-490,397	2,395,307	-24,239	242,622	40,363	1,826,690	844,245	-533,208	-726,672	1,417,859	-148,869	-309,071	-155,572	1,021,091	-63,737	328,832	164,672	507,796	122,276	320,660	-800,518	1,166,959	675,913	-453,663	-999,087	650,338	876,014	-347,975	763,307	1,618,070	26,348	-529,527	109,659	1,357,241	-697,623	-650,048	925,773	1,078,333	202,053	272,118	-949,309	1,420,088	244,216	-334,695	-770,561
Decrease in cash and cash equivalents
-249,916	876,212	-482,662	-214,538	-183,963	689,428	512,270	-457,031	-786,808	1,168,046	-113,334	-35,080	-367,337	353,373	84,745	26,731	-219,994	-211,688	18,944	-23,016	-752,358	567,010	436,701	-495,384	-1,303,525	642,246	941,010	-928,642	561,420	824,920	-99,985	-685,727	-132,445	888,431	-1,014,649	-594,107	1,146,339	233,192	42,784	17,339	-489,343	702,342	-332,096	-299,163	271,003
Supplemental disclosures:
Income tax refunds
-1,530	189	1,450	618	-12	351	11,075	45,729	5,972	8,640	16,430	20,011	668	13,081	11,700	7,149	12,146	10,682	11,315	10,620	14,469	20,439	14,671	10,065	16,053	12,094	13,568	11,481	9,302	12,356	7,810	13,244	10,664	12,931	14,483	13,361	266	10,569	13,226	23,538	783	9,575	3,358	22,061	208
Total interest payments
42,134	43,638	50,433	55,987	39,524	39,097	32,165	24,733	19,168	16,575	16,612	13,383	10,250	7,444	7,356	6,660	6,539	5,043	5,409	3,692	3,668	3,238	3,293	3,707	3,720	3,263	3,856	4,096	4,608	4,552	4,835	5,375	6,213	6,367	6,525	7,071	8,185	8,533	9,706	8,634	13,255	12,363	11,355	13,534	16,269
Noncash disclosures:
Acquisition of low-income housing tax credit investments
27,834	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commitment to fund low-income housing tax credit investments
27,834	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-