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Income Statement
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Cash Flow Statement
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MidWestOne Financial Group, Inc. (MOFG)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Operating Activities:          
    Net income  60.869.56.643.630.418.720.425.1
    Adjustments to reconcile net income to net cash from operating activities:          
        Depreciation, amortization, and accretion  10.21.64.62.89.08.48.46.6
        Net change in premises and equipment due to writedown or sale  0.70.30.30.10.00.10.7 
        Share-based compensation  2.52.21.41.21.00.90.70.6
        Net gain on sale or call of debt securities available for sale  -0.3-0.2-0.2-0.1    
        Net change in foreclosed assets due to writedown or sale  0.00.20.10.3    
        Net gain on sale of loans held for sale  -1.8-8.1-8.9-2.3-1.7-1.8-2.5-1.8
        Origination and participations purchased of loans held for sale  -90.5-293.2-438.2-115.7-66.2-87.6132.0129.1
        Proceeds from sales of loans held for sale  104.6348.3392.5114.6-68.1-92.8-133.4-128.5
        Increase in cash surrender value of bank-owned life insurance  -2.3-1.9-2.1-1.9-1.61.4-1.4-1.3
        Decrease (increase) in deferred income taxes, net  4.31.8-5.22.7-0.70.7-2.91.3
        Change in:          
            Other assets  -37.26.6-5.11.9-7.0-5.33.53.0
            Other liabilities  38.5-8.03.5-6.0  1.3 
                Net cash provided by operating activities  90.3111.69.247.342.841.138.232.7
   
Investing Activities:          
    Purchases of equity securities  -1.3   -6.5-44.0-62.2-29.2
    Proceeds from sales of debt securities available for sale  129.852.227.4     
    Proceeds from maturities and calls of debt securities available for sale  142.0404.9267.491.373.783.296.775.5
    Purchases of debt securities available for sale  -386.3-1,138.0-1,139.7-289.7-61.5-62.8-165.6-25.4
    Net (increase) decrease in loans held for investment  -312.6251.9-24.289.0  -20.6-106.3
    Purchases of premises and equipment  -2.7-2.0-2.1-2.2-5.6-5.0-5.6-14.9
    Proceeds from sale of premises and equipment  0.00.60.70.10.70.02.31.1
        Net cash used in provided by investing activities  -273.3-428.3-867.472.7-94.4-148.8-123.65.0
   
Financing Activities:          
    Deposits  -109.4567.3818.025.77.6124.916.95.8
    Proceeds from issuance of subordinated debt    65.0     
    Redemption of subordinated debentures   -10.8     -12.7
    Payments on finance lease liability  -0.2-0.1-0.1-0.1    
    Payments of Federal Home Loan Bank borrowings  -31.0-43.0-54.4-58.0-89.0   
    Proceeds from other long-term debt  25.0  35.0   25.0
    Payments of other long-term debt  -10.0-10.8-32.3-10.3-5.0 -5.0-15.2
    Taxes paid relating to the release/lapse of restriction on RSUs  -0.3-0.1-0.1-0.1-0.1-0.1  
    Dividends paid  -14.9-14.3-14.2-11.5-9.5-8.1-7.3-6.3
    Repurchase of common stock  -2.7-11.6-4.6-4.7-2.1   
        Net cash provided by financing activities  65.5437.9867.5-92.146.2115.481.5-14.0
    Net change in cash and cash equivalents  -117.4121.29.2     
   
Supplemental disclosures of cash flow information:          
    Cash paid during the period for interest  27.821.531.634.122.415.212.810.0
    Cash paid during the period for income taxes  13.218.010.57.36.213.28.07.7
    Supplemental schedule of non-cash investing and financing activities:          
        Transfer of loans to foreclosed assets  0.50.31.6     
        Investment securities purchased but not settled   2.52.3     
        Transfer of premises and equipment to assets held for sale  1.3 1.30.6    
        Transfer due to adoption of ASU 2016-03, reclassified from Retained Earnings to Allowance for Credit Losses    5.4     
        Supplemental Schedule of non-cash investing activities from acquisition:          
        Non-cash assets acquired:          
            Other assets          
            Total non-cash assets acquired          
        Liabilities assumed:          
            Deposits          
            Short-term borrowings      34.2   
            Total liabilities assumed          

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