WESTERN ALLIANCE BANCORPORATION WAL Cash Flow

Western alliance bancorporation (WAL)

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
Payments of Ordinary Dividends, Common Stock
25,606	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Ordinary Dividends, Preferred Stock and Preference Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	151	176	247	176	329	353	352	353	352	353	352	353	353	352	1,325	1,763	1,781	1,752	1,750	1,750
Unrealized losses on assets and liabilities measured at fair value, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,357	896	235	-1,276	-2,618	-104	-3,290	-471	-48	469	565	-333	-626	6,420	336	-509
Debt and Equity Securities, Realized Gain (Loss)
72	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
83,964	128,064	127,375	122,936	120,796	119,086	111,123	104,679	100,900	89,346	82,844	79,960	73,342	69,800	67,052	61,614	61,332	58,526	55,860	39,475	40,383	40,409	40,919	35,538	31,085	31,414	28,594	34,072	20,885	31,920	15,458	13,961	11,300	7,101	13,011	6,229	5,153
Adjustments to reconcile net income to cash provided by operating activities:
Provision for Loan, Lease, and Other Losses
51,176	4,000	4,000	5,964	4,536	6,000	6,000	5,000	6,000	5,000	5,000	3,000	4,250	1,000	2,000	2,500	2,500	2,500	0	0	700	300	419	507	3,500	4,300	0	3,481	5,439	11,501	8,932	13,330	13,081	13,076	11,180	11,891	10,041
Depreciation and amortization
4,995	4,945	4,714	4,589	4,209	3,859	3,645	3,408	3,407	3,437	3,567	3,178	3,211	3,222	3,136	3,530	2,606	2,427	2,096	1,828	2,115	1,838	1,108	1,720	1,500	2,233	1,549	924	2,153	-1,014	2,383	1,708	3,228	2,540	2,690	2,688	2,705
Stock-based compensation
6,894	6,455	6,060	7,251	6,472	6,230	5,698	7,078	6,705	5,645	5,515	6,052	6,342	5,299	4,902	4,743	5,394	12,245	5,380	3,779	4,129	8,245	2,293	5,707	332	3,335	1,573	1,820	971	1,593	898	2,016	1,811	1,170	1,444	653	1,005
Excess tax benefit of stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	4,593	-	165	28	3,871	214	496	585	4,579	1,272	1,092	1,043	787	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-4,825	-10,886	2,640	1,719	1,398	-602	1,836	-8,571	-9,372	85,100	2,854	-1,884	2,401	3,453	-982	286	4,887	7,376	-1,777	-2,553	208	731	-1,248	-4,969	-1,696	-15,478	22,451	-18,936	-1,754	5,598	7,344	5,294	3,487	1,424	7,190	3,717	2,972
Amortization of net premiums for investment securities
-5,609	-6,064	-4,603	-3,424	-3,004	-3,452	-2,722	-4,153	-3,920	-2,012	-4,500	-6,419	-4,007	-4,131	-3,430	-3,463	-2,766	-2,960	-2,682	-2,103	-2,030	-1,998	-1,989	-1,998	-2,050	-2,069	-2,484	-2,597	-2,577	-2,772	-2,656	-2,715	-2,656	-2,646	-1,521	-1,476	-2,696
Amortization of tax credit investments
7,400	7,900	13,000	10,500	10,100	9,400	9,000	9,372	8,128	5,876	6,832	6,761	5,931	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Lease, Expense
2,799	2,754	5,119	-16	2,601	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of fair market value adjustments on loans acquired from business combinations
1,738	2,537	2,728	4,596	2,817	4,466	3,293	5,068	5,738	7,241	7,410	7,191	6,393	6,931	8,793	8,170	5,315	4,993	8,033	2,640	1,478	4,095	3,957	5,657	3,305	19,173	-2,790	-2,178	-3,288	-	-	-	-	-	-	-	-
Accretion and amortization of fair market value adjustments on other assets and liabilities acquired from business combinations
-451	-465	-465	-464	-463	-477	-477	-475	-475	-487	-566	-565	-767	-775	-774	-775	-774	-324	-708	-169	-78	-103	462	737	-544	-	-	-	-	-	-	-	-	-	-	-	-
Income from bank owned life insurance
962	963	979	978	981	983	868	1,167	928	965	975	973	948	904	899	1,029	930	1,166	984	772	977	1,464	1,136	959	949	905	1,832	1,036	1,036	-	-	-	-	-	-	-	-
(Gains) / Losses on:
Equity Securities, FV-NI, Unrealized Gain (Loss)
-11,300	491	222	1,572	2,834	-640	-1,212	-685	-1,074	0	0	0	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gains) / Losses on:
-	-	-	-	-	-	-	-	-	-	-	-47	635	-	0	0	1,001	33	-62	55	589	373	181	-163	366	342	-1,680	-4	147	1,447	1,031	1,110	361	-28	781	2,666	1,379
Sale of loans
0	1,220	-17	-105	-408	204	991	765	678	1,062	-10	-55	-52	234	45	-458	2,671	130	68	118	201	71	0	0	0	-	-	-	-	-	-	-	-6	-	-	-	-
Derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-50	-49	-	-52	-52	-69
Other assets acquired through foreclosure, net
1,452	-24	1	627	0	-250	74	148	1,242	-5	405	-66	-106	-68	25	-489	160	43	-470	1,940	1,115	218	1,469	11	1,168	3,536	292	1,641	455	-	-	-	-	-	-	-	-
Valuation adjustments of other repossessed assets, net
0	-923	-3,122	0	-99	-1,235	1	14	-47	0	-344	-156	380	141	-184	134	177	749	573	-718	-786	881	-882	-258	-35	-1,464	-697	-565	-1,017	-	-	-	-	-	-	-	-
Sale of premises, equipment, and other assets, net
0	-15	-258	-7	2	2	-8	17	33	39	-327	307	-47	-289	305	-2	-35	-395	1	-4	22	0	1,287	80	1,411	81	34	48	43	-	-	-	-	-	-	-	-
Servicing rights, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	3	161
Changes in other assets and liabilities, net
41,602	-	-	-	-3,817	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in other assets and liabilities, net
Sale of repossessed assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,587	-	1,384	8,966	5,829
Sale of premises and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-85	64	-	744	-333	300
Other assets
-	-	-	-	-	-	-	-20,646	-5,773	-	4,850	12,972	-4,864	43,612	-23,390	24,163	-21,271	21,068	14,844	609	-12,555	-15,970	14,076	-4,228	-3,191	-4,345	-4,890	-5,475	-18,475	4,419	-1,457	-1,741	-6,356	4,240	-6,145	3,412	-10,723
Other liabilities
-	-	-	-	-	-	-	19,242	-30,122	-	-2,755	-61	-4,398	8,614	5,691	-514	-16,125	3,033	15,042	-22,408	18,564	415	24,294	-15,884	6,146	12,196	-21,787	22,081	828	-	-	7,271	-8,169	6,920	-10,755	13,346	-1,601
Net cash provided by operating activities
123,979	183,267	204,225	178,966	151,314	144,692	148,927	159,037	88,316	112,728	95,645	87,466	87,972	66,163	99,345	43,822	71,315	75,827	55,524	16,477	72,587	60,278	46,602	20,544	39,977	41,243	37,287	40,426	46,093	35,608	41,212	47,306	36,428	33,362	27,430	42,500	39,183
Cash flows from investing activities:
Investment securities - trading
Principal pay downs and maturities
-	-	-	-	-	-	-	-	-	-	-	-	33	139	106	55	95	46	158	78	65	73	810	149	112	523	352	727	279	401	397	254	303	454	288	571	3,606
Investment securities - AFS
Purchases
654,501	181,144	622,597	97,506	26,342	269,321	165,097	18,367	67,949	67,526	602,140	574,569	185,199	187,807	656,055	233,094	128,101	165,585	566,885	93,532	1,000	61,687	42,580	14,703	24,082	356,283	193,192	55,384	124,909	44,664	26,547	144,077	106,995	225,383	375,772	68,338	174,320
Principal pay downs and maturities
1,295	767,453	-212,523	132,997	2,868	95,193	119,955	104,761	105,242	60,703	147,525	132,121	90,585	176,115	147,016	97,659	78,751	92,664	67,159	60,955	53,172	56,994	44,846	86,283	38,332	46,834	48,338	61,860	51,196	61,049	78,595	62,384	163,449	88,214	126,712	75,722	33,512
Proceeds from sales
62,310	-	-	-	0	-	-	-	-	22,251	12,521	60,162	15,170	-8,800	0	0	34,304	3,223	51,283	0	78,040	63,591	5,395	22,644	4,196	0	49,099	9,982	4,072	81,743	22,631	105,698	15,224	52,178	167,165	213,823	72,996
Debt Securities, Held-to-maturity [Abstract]
Purchases
24,205	30,924	44,400	45,235	10,825	22,300	8,250	18,225	7,800	106,911	21,724	30,232	10,533	39,777	15,577	15,516	21,514	0	0	0	0	-	-	-	-	-	-	-	-	-	-	0	3	-	-	-	-
Principal pay downs and maturities
-	-	-	-	-	-	-	-	243	-	0	0	0	-	-	-	-	-	-	-	-	0	0	0	6,600	5,375	0	0	0	-	-	-	-	-	-	-	-
Equity Securities, FV-NI, Gain (Loss) [Abstract]
Purchases
7,487	22,063	10,379	283	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reinvestments of dividend proceeds
4,216	10,063	-160	4,846	-151	-151	-426	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment tax credits
37,389	53,594	49,467	14,207	24,400	43,142	33,825	19,255	13,376	18,182	9,160	7,240	3,516	5,175	5,899	10,991	6,782	11,854	5,699	2,503	9,381	9,167	6,369	6,419	10,529	12,183	16,430	6,658	5,084	-	-	-	-	-	-	-	-
Purchase of SBIC investments
1,889	3,390	2,161	1,567	1,570	1,066	1,712	1,088	263	5,819	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Purchase) sale of money market investments, net
0	0	144	-144	7	-2	0	0	-5	175	-28	-57	-90	247	-138	5,810	-5,798	-	-	-212	-212	-78	1,034	-556	1,781	1,544	-1,875	-1,505	-132	5,102	-2,136	1,224	2,489	6,959	9,443	6,202	7,786
Proceeds from bank owned life insurance
-	-	-	-	-	0	543	1,040	72	0	607	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations and principal collections, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63,247
(Purchase) liquidation of restricted stock, net
200	133	159	-70	155	139	37	-563	734	105	323	-47	154	-	-	-	-124	126	6,946	45,248	-26,499	0	0	0	4,911	0	978	-1,397	1,169	1,908	1,381	-1,639	934	1,179	1,187	-461	1,452
Loan fundings and principal collections, net
1,991,131	983,245	982,199	1,078,073	385,497	994,970	622,985	601,311	367,437	693,893	443,152	394,273	342,069	258,612	150,239	296,290	105,402	325,576	428,632	74,735	440,408	2,677,799	-397,446	-397,080	-322,640	1,117,052	-724,976	461,107	-124,390	-302,760	-187,905	-256,376	-168,648	-	-	-	-
Proceeds from loan sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	0	3,445	-	-	-	-
Purchase of premises, equipment, and other assets, net
16,576	19,866	6,118	6,012	3,152	2,994	6,483	1,260	576	1,218	2,551	2,518	2,575	1,250	2,732	3,506	3,086	-1,004	7,974	1,649	2,237	3,422	5,012	4,388	1,103	16,401	1,344	367	761	2,603	1,466	2,574	1,911	931	-471	-1,320	-229
Proceeds from sale of other real estate owned and repossessed assets, net
5,075	697	0	628	0	619	693	2,815	5,285	447	2,477	15,382	2,889	3,099	1,226	2,667	2,141	15,565	15,687	12,935	1,440	357	10,829	1,220	13,512	22,729	2,356	12,814	5,343	14,314	9,397	7,267	9,986	9,686	4,228	13,751	13,815
Net cash used in investing activities
-2,395,843	-947,859	-1,330,995	-1,092,694	-351,485	-1,071,276	-703,118	-591,741	-347,298	-803,904	-915,949	-800,215	-435,459	-321,964	-686,938	-1,725,815	-155,516	-389,258	-881,679	251,514	-347,020	-395,760	-388,493	-312,850	-288,910	-645,814	-163,260	-171,051	-193,217	-152,716	-118,946	-231,719	-81,727	-468,803	-293,824	54,370	-104,171
Net cash used in investing activities
Net increase (decrease) in deposits
2,034,188	355,679	1,000,915	1,231,159	1,031,293	268,867	821,052	732,990	382,006	67,749	873,671	675,143	806,106	106,702	241,804	1,119,702	1,051,031	420,341	203,726	2,414	731,374	233,506	228,238	320,670	310,939	563,184	274,357	-72,105	279,737	176,010	160,528	102,394	240,542	25,624	44,568	90,856	159,023
Excess tax benefit of stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,272	1,092	1,043	787	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in borrowings
314,305	1,693	1,061	-1,220	-498,270	492,441	-72,052	-228,655	-94,340	389,950	-6,594	-3,050	-86,017	77,356	5,881	2,184	-151,849	-165,072	184,057	-153,359	-122,664	61,564	1,177	-119,602	97,268	-50,962	-23,879	-73,272	218,272	-162,316	44,486	82,512	-169,274	261,040	-6,064	-14,754	53,995
Proceeds from exercise of common stock options
70	25	19	0	36	20	0	319	215	60	259	343	184	315	236	214	305	197	201	744	793	5,520	778	1,293	703	1,671	1,105	701	1,118	182	2,068	0	552	0	50	0	312
Payment, Tax Withholding, Share-based Payment Arrangement
7,458	-	-	-	7,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for tax withholding on vested restricted stock
-	-	-	-	-	-	1,063	4,503	6,296	-	3,353	46	10,243	152	286	96	8,949	656	0	59	6,888	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock repurchases
62,521	4,560	43,658	33,964	37,949	35,688	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
2,252,978	327,129	931,122	1,195,824	487,210	724,592	747,937	500,151	281,585	457,590	863,983	672,390	710,030	184,209	247,433	1,347,259	890,538	212,661	393,229	-2,057	602,439	231,607	230,880	205,663	409,344	401,052	252,053	-42,697	498,774	13,816	206,730	183,581	70,057	284,468	37,802	74,352	211,580
Net (decrease) increase in cash, cash equivalents, and restricted cash
-18,886	-437,463	-195,648	282,096	287,039	-201,992	193,746	67,447	22,603	-233,586	43,679	-40,359	362,543	-71,592	-340,160	-334,734	806,337	-100,770	-432,926	265,934	328,006	-103,875	-111,011	-86,643	160,411	-203,519	126,080	-173,322	351,650	-103,292	128,996	-832	24,758	-150,973	-228,592	171,222	146,592
Cash paid (received) during the period for:
Interest
46,291	35,756	54,173	46,675	43,832	32,260	34,889	21,055	25,303	12,023	21,440	8,524	17,851	6,509	16,850	4,314	13,892	3,259	11,691	2,382	11,499	-161	16,254	4,507	5,916	5,965	13,151	2,365	7,132	6,690	7,462	5,545	9,256	6,741	12,263	8,279	13,018
Income taxes
1,316	2,825	766	7,625	-34,619	4,102	-134	4,911	9,881	19,908	25,585	53,960	-23	14,418	19,687	33,454	-6,278	33,543	-4,754	24,144	1,657	13,876	4,500	14,679	2,501	-1,140	8,670	10,125	1,450	450	0	250	1,040	-	-	-	-
Non-cash operating, investing, and financing activity:
Transfers to other assets acquired through foreclosure, net
-	-	-	-	-	0	0	0	5,744	0	420	1,392	0	1,222	1,162	88	10,638	996	14,111	5,739	7,720	4,621	2,737	4,309	2,110	10,901	2,737	4,664	6,609	8,793	10,807	3,801	4,914	19,940	6,573	9,263	11,175
Unfunded commitments originated
-	-	-	-	-	-	7,000	28,639	30,000	-	35,294	36,849	30,869	44,113	-14,634	39	26,961	34,965	2,484	4,168	-2,000	-2,500	0	0	12,298	28,172	9,380	-34,134	46,582	-	-	-	-	-	-	-	-
Change in unrealized gain (loss) on AFS securities, net of tax
-	-	-	-	-	-	-	-	-	-	919	5,298	9,169	-39,859	-7,414	12,711	10,308	-10,013	5,524	-8,412	6,784	7,630	1,011	10,627	10,415	23,670	-4,681	-17,968	-1,021	-	-	-	-	-	-	-	-
Unrealized gain (loss) on junior subordinated debt, net of tax effect of $(2,138) and $1,934, respectively
6,600	-3,100	600	-1,400	-5,900	5,500	-2,000	734	1,466	-923	641	-2,089	-1,229	-586	-2,825	575	759	-2,600	3,274	-4,756	-194	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in unrealized loss on cash flow hedge, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	47	-34	-	-	-	-	-	-	-	-
Net (decrease) increase in unfunded obligations
-	-	-	-	-	-	-17,710	-20,532	120,512	-	172,959	-147,469	114,727	-	-	-32,896	19,930	-	-16,161	13,624	30	-1,617	-17,399	-26,131	16,625	49,278	-51,783	-62,701	35,451	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax
-	-	-	-	-	-	-	-10,389	-38,914	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-