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Income Statement
Balance Sheet
Cash Flow Statement
Segments

Common Size IS
Op Efficiency
Credit Analysis

Eastern Bankshares, Inc. (EBC)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-K10-K
Operating activities       
Net income (loss)  199.8154.722.7135.1122.7
   
Adjustments to reconcile net income to net cash provided by operating activities       
Depreciation and amortization  15.014.515.819.520.1
Deferred income tax (benefit) expense  6.0-5.3-20.41.4-4.9
Amortization of investment security premiums and discounts, net  18.316.75.63.13.3
Right-of-use asset amortization  13.012.712.1  
Share-based compensation  10.5    
Increase in cash surrender value of bank-owned life insurance  -3.7-2.3-2.2-2.10.0
Accretion of gains from terminated interest rate swaps  -10.2-31.2-15.9  
Other  0.0-0.5-0.6  
   
Change in:       
    Loans held for sale  -3.40.0-1.10.02.3
    Prepaid pension expense  4.31.1-24.1-11.011.2
    Other assets  0.861.5-89.6-31.021.5
    Other liabilities  -49.9-22.949.019.718.2
        Net cash provided by operating activities  229.9174.569.9196.2205.0
   
Investing activities       
Proceeds from sales of securities available for sale  431.223.89.148.011.7
Proceeds from maturities and principal paydowns of securities available for sale  1,049.5939.6452.4204.1162.4
Purchases of securities available for sale  -740.8-3,323.9-2,111.8-252.6-167.6
Proceeds from maturities and principal paydowns of securities held to maturity  17.4    
Purchases of securities held to maturity  -493.7    
Proceeds from sale of Federal Home Loan Bank stock  63.76.70.7  
Purchases of Federal Home Loan Bank stock  -94.2-2.1-0.5  
Contributions to low income housing tax credit investments  -19.5-11.4-12.4-6.3-3.3
Contributions to other equity investments  -0.8-2.5-4.4-4.5-0.1
Distributions from other equity investments  1.20.30.20.10.2
Purchases of loans  -380.2    
Proceeds from life insurance policies  20.4 1.3 0.7
Acquisitions, net of cash and cash equivalents acquired  -13.4-13.4-1.4 -11.5
Purchased banking premises and equipment  -8.6-5.7-5.1-7.2-9.0
Proceeds from sale of premises held for sale  17.322.0   
    Net cash provided by (used in) investing activities  -1,076.7-1,985.7-2,390.2-145.3-647.1
   
Financing activities       
Net increase (decrease) in time deposits  1,098.0-58.1-70.3  
Contingent consideration paid  -0.7-0.3-0.2-0.7-1.2
Payments for repurchases of common stock  -201.6-23.2   
Dividends declared and paid to common shareholders  -65.9-51.6   
    Net cash used in financing activities  -215.6989.04,011.851.9390.7
   
Supplemental disclosure of cash flow information       
Cash paid during the period for:       
    Interest paid on deposits and borrowings  35.25.413.734.223.7
    Income taxes  41.843.335.131.329.7
    Non-cash activities       
    Net increase in capital commitments relating to low income housing tax credit projects  55.228.325.810.013.0

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