Univest financial corporation (UVSP)
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

50,478

65,719

68,581

65,883

53,772

50,543

42,435

38,667

46,088

44,094

40,748

29,610

23,072

19,505

19,745

27,215

28,441

27,268

25,300

24,007

22,621

22,231

21,963

21,767

21,517

21,189

21,343

21,074

21,007

20,872

21,056

20,530

20,283

18,882

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan and lease losses

-

-

-

-

-

20,310

22,199

22,143

9,500

9,892

10,150

8,876

6,940

4,821

3,488

2,743

3,054

3,802

3,533

3,096

3,206

3,607

4,573

8,434

10,629

11,228

11,996

10,112

8,009

10,035

10,793

12,232

16,445

17,479

0

0

0

Depreciation of premises and equipment

5,217

5,277

5,384

5,437

5,491

5,581

5,590

5,626

5,777

5,561

5,181

4,907

4,335

4,089

3,975

3,732

3,665

3,757

3,796

3,678

3,547

3,243

3,019

2,959

2,923

2,927

2,939

3,004

2,975

2,903

2,809

2,673

2,620

2,591

0

0

0

Net amortization of investment securities premiums and discounts

-1,742

-1,738

-1,784

-1,657

-1,579

-1,602

-1,615

-1,658

-1,725

-1,838

-2,031

-2,230

-2,048

-1,853

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sales of investment securities

748

54

41

8

1

10

15

22

43

48

74

97

489

518

1,184

1,450

1,218

1,265

646

350

584

635

996

2,422

3,346

3,389

2,964

1,547

232

305

0

0

0

-

-

-

-

Other-than-temporary impairment of equity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

18

15

12

16

0

0

0

Net gain on mortgage banking activities

6,207

3,946

3,621

2,746

2,892

3,125

2,877

3,031

3,626

4,023

4,650

5,748

5,922

6,027

6,025

5,142

4,798

4,838

4,446

3,939

3,091

2,182

1,960

2,279

3,176

4,523

5,618

6,854

6,512

6,088

5,169

3,911

3,165

1,868

0

0

0

Net gain on sales and write-down of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,904

-1,763

-1,283

-477

-798

0

0

0

Bank owned life insurance income

2,961

3,179

2,868

2,990

3,457

3,174

3,585

3,462

3,874

3,988

4,362

4,331

3,244

2,931

2,141

1,736

1,412

1,295

1,331

1,371

1,603

1,628

1,663

2,872

2,842

2,968

2,837

1,745

1,668

2,670

2,807

2,898

2,830

1,668

0

0

0

Net accretion of acquisition accounting fair value adjustments

-

-

-

-

-

-1,037

-1,288

-2,009

-2,404

-3,022

-4,404

-3,984

-3,443

-2,779

-1,190

-1,035

-1,605

-2,048

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

2,206

2,348

2,096

2,094

2,287

2,557

2,995

3,177

3,182

3,166

3,227

2,848

2,464

2,084

1,794

1,552

1,460

1,421

1,383

1,440

1,163

1,141

1,154

1,230

1,291

978

960

755

931

1,267

0

0

0

-

-

-

-

Intangible expenses

1,499

1,595

1,702

1,803

1,980

2,166

2,372

2,583

2,435

2,582

4,812

4,976

5,521

5,528

2,789

2,645

2,547

2,567

2,794

2,436

2,193

2,167

2,118

2,041

708

157

0

0

0

-

-

-

-

-

-

-

-

Other adjustments to reconcile net income to cash provided by (used in) operating activities

1,164

1,642

411

346

-118

-305

-323

-403

1,055

80

2,662

-148

-1,611

-659

-3,349

236

451

133

2,128

1,514

1,058

822

-406

88

-398

246

5,431

2,290

269

0

0

0

0

-

0

0

0

Deferred tax (benefit) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,898

3,590

3,816

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for sale

260,391

227,083

179,735

152,725

153,368

158,097

200,621

198,732

198,395

188,072

176,206

217,569

238,616

258,202

242,868

210,060

206,425

209,464

199,153

191,891

161,567

131,461

118,781

133,260

200,494

265,732

343,210

379,162

358,641

325,569

286,881

227,784

181,755

176,503

0

0

0

Proceeds from the sale of loans held for sale

254,687

227,473

179,980

155,697

156,099

161,357

206,494

203,229

203,248

196,813

183,343

226,110

247,513

262,948

249,176

214,516

212,475

212,613

200,095

191,404

160,397

132,278

121,991

138,390

206,252

273,665

350,790

384,646

364,191

329,569

288,858

231,181

182,651

179,414

0

0

0

Contributions to pension and other postretirement benefit plans

268

266

264

3,263

3,263

3,264

3,288

2,290

2,293

2,295

2,286

2,278

2,270

2,261

2,244

247

2,250

2,271

2,303

2,287

279

254

312

2,295

2,269

2,243

2,216

8,216

8,216

8,215

0

0

0

-

-

-

-

Increase in accrued interest receivable and other assets

1,375

2,332

-909

-3,715

-4,145

-4,547

2,385

5,798

5,527

1,369

-6,122

-7,545

-5,310

-1,956

3,499

-1,881

-718

-3,055

813

8,393

5,164

3,237

523

-3,064

-2,739

2,873

-6,273

-3,809

-3,781

-8,065

-2,960

-2,687

-2,588

-692

0

0

0

Decrease in accrued interest payable and other liabilities

-25

1,409

28

854

3,419

6,540

7,856

2,994

6,735

215

-7,237

-1,589

-86

2,160

6,946

2,456

2,212

1,442

1,597

1,945

-4,321

-587

-6,491

933

5,176

1,101

8,762

2,797

3,113

2,119

1,774

-156

11,193

2,846

0

0

0

Net cash provided by operating activities

67,145

73,148

78,612

81,087

85,165

86,006

85,216

72,532

68,869

68,660

54,154

50,456

44,260

33,306

33,503

40,230

41,239

39,343

36,548

26,384

21,910

29,723

26,382

37,477

43,041

32,806

46,736

31,565

33,800

37,139

31,268

39,649

24,177

42,698

0

0

0

Cash flows from investing activities:
Net cash paid due to acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,967

2,967

6,848

6,834

9,260

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net capital expenditures

1,975

2,446

2,170

3,204

2,960

3,119

1,517

686

2,671

3,961

8,392

13,071

12,766

12,644

11,334

7,831

6,878

5,890

6,285

6,484

6,122

5,595

4,221

4,458

4,401

3,840

3,119

-12

165

578

1,056

2,781

2,420

2,301

0

0

0

Proceeds from maturities, calls and principal repayments of securities held-to-maturity

42,394

34,207

24,583

18,327

14,093

11,526

9,315

16,923

14,960

23,265

25,796

23,595

27,026

21,000

17,000

10,000

13,000

13,000

15,000

13,000

15,000

11,000

0

0

0

-

-

-

-

-

-

-

-

32

0

0

0

Proceeds from maturities, calls and principal repayments of securities available-for-sale

62,831

67,020

59,226

47,662

52,364

54,702

60,286

70,175

65,595

64,954

35,720

47,988

72,630

72,541

102,061

92,469

84,600

79,482

75,082

54,655

48,588

58,744

98,877

106,996

95,830

85,205

90,526

107,409

137,403

164,943

167,851

188,947

194,509

212,964

0

0

0

Proceeds from sales of securities available-for-sale

88,279

26,494

24,987

15,494

491

1,010

4,541

5,047

6,317

7,069

5,563

6,331

25,871

77,290

96,568

113,753

130,218

77,308

58,686

40,227

14,629

32,967

48,499

71,232

84,755

76,361

58,172

35,439

5,294

57,186

0

0

0

-

-

-

-

Purchases of investment securities held-to-maturity

117,540

84,733

101,267

95,591

78,800

99,132

72,348

70,000

66,581

54,149

47,656

34,569

23,280

5,071

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investment securities available-for-sale

35,235

2,993

997

999

499

1,986

25,346

26,343

25,812

33,334

-814

7,861

24,468

48,032

94,271

126,262

180,161

162,722

151,166

114,116

60,832

65,215

56,073

61,058

66,550

81,712

110,439

176,753

176,791

226,429

285,141

251,734

248,508

201,025

0

0

0

Proceeds from sales of money market mutual funds

9,778

5,035

1,042

1,042

10,219

11,225

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of money market mutual funds

9,451

5,413

1,404

1,401

883

6,482

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in other investments

-4,234

-83

-3,817

-13

-102

1,133

5,827

1,262

7,479

2,335

10,008

11,127

12,344

11,773

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in loans and leases

382,129

381,343

384,681

348,875

389,992

398,240

393,627

324,333

351,761

338,481

302,878

394,226

387,004

337,961

323,218

244,079

152,619

181,037

128,405

149,794

116,542

100,981

87,545

106,746

86,120

74,338

71,621

51,915

42,400

50,615

50,398

44,086

39,811

1,153

0

0

0

Net increase in interest-earning deposits

-

-

-

-

-

-

-

-

-

-

0

0

9,861

-

78,872

-5,423

34,149

-16,954

-32,826

10,776

-8,727

30,070

-5,650

32,591

15,576

11,190

-8,645

18,179

22,841

19,807

72,555

-52,592

-51,839

-49,957

0

0

0

Proceeds from sales of other real estate owned

121

720

798

1,068

1,089

490

362

405

1,957

3,996

4,881

4,497

2,924

885

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

3,012

0

0

0

-

-

-

-

Net decrease in federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,442

17,442

17,442

9,099

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of bank owned life insurance

-

-

-

-

-

1,563

8,047

8,047

8,048

7,271

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank owned life insurance

-

-

-

-

-

-

-

-

-

2,961

3,599

3,578

873

662

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

2,415

0

0

0

-

-

-

-

Net cash used in investing activities

-338,693

-343,369

-376,843

-367,241

-394,178

-431,318

-402,802

-319,565

-367,176

-332,487

-317,770

-326,382

-426,510

-313,932

-228,442

-329,745

-76,934

-190,042

-165,857

-129,167

-99,766

-36,295

10,177

50,747

42,426

21,595

-41,583

-90,636

-80,210

-58,181

-79,219

-128,061

-98,392

-57,788

0

0

0

Cash flows from financing activities:
Net increase in deposits

404,180

474,190

518,011

501,420

505,984

331,170

301,650

272,959

131,674

297,792

340,630

233,383

293,902

125,425

67,769

114,348

79,886

147,572

127,198

45,169

29,333

16,843

-28,903

-40,497

25,470

-20,515

111,436

129,129

84,580

116,101

52,867

122,628

64,805

62,962

0

0

0

Net decrease in short-term borrowings

-54,770

-171,088

-67,795

-192,503

-143,241

84,337

54,674

127

137,060

-90,740

-149,245

-76,990

4,762

123,207

111,392

198,787

-16,302

-17,763

-16,814

16,110

667

4,217

-9,229

-823

-63,291

-59,026

-64,818

-54,746

-17,813

-18,458

-15,570

-35,538

-16,102

-5,131

0

0

0

Proceeds from issuance of long-term debt

150,000

25,000

0

0

0

-

-

-

-

95,000

115,000

115,000

75,000

20,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of subordinated notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,267

49,267

49,267

49,270

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration on acquisitions

127

129

161

129

130

131

100

163

163

5,413

5,413

6,709

6,936

2,552

2,519

2,911

2,911

2,631

2,631

880

930

310

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

375

750

1,125

1,500

1,500

0

0

0

-

-

-

-

Purchases of treasury stock

5,533

2,045

5,376

5,900

6,279

5,984

2,618

2,356

2,540

3,519

9,215

8,730

9,472

8,359

2,620

4,083

8,439

13,342

13,813

12,657

7,322

4,605

4,480

11,741

13,062

12,012

11,917

4,402

3,365

2,319

2,596

3,322

2,488

1,928

0

0

0

Stock issued under dividend reinvestment and employee stock purchase plans

2,234

2,233

2,225

2,257

2,297

2,295

2,313

2,357

2,365

2,413

2,463

2,470

2,472

2,472

2,446

2,415

2,356

2,434

2,376

2,325

2,281

2,462

2,452

2,446

2,461

2,422

2,420

2,417

2,411

2,515

2,487

2,458

2,455

2,287

0

0

0

Proceeds from exercise of stock options

776

1,203

1,005

1,111

1,384

1,131

1,280

1,059

1,083

1,676

5,758

5,882

5,555

4,968

893

659

696

534

504

575

422

310

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

23,451

23,435

23,454

23,478

23,492

23,495

22,948

22,397

21,855

21,299

21,271

19,853

18,438

17,024

15,585

15,598

15,670

15,011

14,387

13,711

12,977

12,996

0

0

0

-

-

-

-

16,755

13,406

13,403

13,397

13,367

0

0

0

Net cash provided by (used in) financing activities

388,309

285,929

439,455

297,778

326,523

379,323

344,752

262,087

293,125

281,411

248,707

268,968

376,360

277,652

206,291

293,617

39,613

151,060

131,700

86,198

60,744

5,921

-53,376

-84,697

-82,326

-120,154

2,354

57,860

50,902

79,584

36,782

102,550

70,038

43,323

0

0

0

Net increase (decrease) in cash and cash equivalents

116,761

15,708

141,224

11,624

17,510

34,011

27,166

15,054

-5,182

17,584

-14,909

-6,958

-5,890

-2,974

11,352

4,102

3,918

361

2,391

-16,585

-17,112

-651

-16,817

3,527

3,141

-65,753

7,507

-1,211

4,492

58,542

-11,169

14,138

-4,177

28,233

0

0

0

Supplemental disclosures of cash flow information:
Cash paid for interest

43,270

44,479

42,952

39,687

35,143

30,875

27,682

24,998

23,125

21,493

19,822

18,634

15,598

13,982

11,614

9,980

9,577

8,099

7,099

5,075

4,502

4,118

4,318

4,703

5,205

5,997

6,808

7,431

8,002

8,701

9,522

10,038

10,507

11,202

0

0

0

Cash paid for income taxes, net of refunds

17,178

17,171

14,855

10,845

1,902

2,022

1,466

7,717

12,587

12,599

14,040

9,647

7,525

8,053

7,901

6,441

3,357

2,142

1,413

2,929

5,333

5,899

6,204

4,658

5,312

5,352

4,718

4,250

1,819

1,819

1,706

2,302

4,617

4,626

0

0

0

Non cash transactions:
Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

729

649

1,048

1,203

2,347

2,667

2,272

2,117

320

0

0

0

-

-

-

-

3,485

0

0

0

-

-

-

-

7,426

0

0

0

Assets acquired through acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

425,185

425,185

425,311

425,834

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed through acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

389,795

389,795

389,782

389,907

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration recorded as goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,525

1,525

2,160

2,060

6,105

6,105

5,470

5,923

454

0

0

0

-

-

-

-

-

-

-

-