As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q1 YTD 3/31/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q1 YTD 3/31/2017 USD

Operating Activities

Net income 126,709 112,558 212,579 147,944 26,307

Adjustments to reconcile net income to net cash provided by operating activities

Provision for loan losses 37,158 16,933 12,715 40,620 1,705
Depreciation, amortization and accretion, net (53,794) (83,279) (83,360) (49,765) (1,031)
Net realized gains on securities (4,937) 0 (4,403) 0 0
Bargain purchase gain (12,585) 0 (81,289) 0 NA
Net gain on investment in SWS common stock 0 (5,985) 0 0 NA
Deferred income taxes 15,829 (22,782) 17,376 (9,690) 1,531
Other, net 6,249 19,000 7,995 16,564 1,990
Net change in securities purchased under agreements to resell 0 0 (60,919) 16,230 (23,798)
Net change in assets segregated for regulatory purposes 18,998 (76,011) 99,010 (22,380) 14,598
Net change in trading securities 31,267 (6,871) 117,639 (51,388) (107,766)
Net change in broker-dealer and clearing organization receivables 21,219 (145,283) 73,344 (46,775) (39,422)
Net change in FDIC indemnification asset (912) 61,299 39,936 20,577 19,424
Net change in other assets (10,621) (32,842) (59,142) 41,315 (8,702)
Net change in broker-dealer and clearing organization payables (55,247) 214,755 (54,048) (33,180) 110,694
Net change in other liabilities (35,260) 59,283 (104,897) 11,752 (104,858)
Net change in securities sold, not yet purchased NA 48 129,996 23,845 (9,696)
Proceeds from sale of mortgage servicing rights asset NA 11,387 0 7,586 17,499
Net gains from sales of loans (457,531) (390,361) (519,103) (606,991) (124,150)
Loans originated for sale (11,752,800) (10,839,905) (13,871,473) (16,026,911) (2,939,349)
Proceeds from loans sold 12,522,963 11,016,636 14,163,781 16,337,299 3,514,340
Net cash provided by operating activities 396,705 (91,420) 35,737 (183,348) 349,316

Investing Activities

Proceeds from maturities and principal reductions of securities held to maturity 0 5,203 88,070 166,522 15,152
Proceeds from sales, maturities and principal reductions of securities available for sale 381,890 315,166 673,950 396,572 83,048
Purchases of securities held to maturity 0 (123,520) (230,404) (186,875) (831)
Purchases of securities available for sale (372,998) (49,156) (48,121) (326,810) (240,757)
Net change in loans (140,437) 103,031 (150,605) (555,040) 57,902
Purchases of premises and equipment and other assets (33,066) (43,186) (31,270) (41,941) (4,951)
Proceeds from sales of premises and equipment and other real estate owned 21,233 69,400 110,922 73,032 11,438
Proceeds from redemption of bank owned life insurance 0 0 822 0 NA
Net cash paid for Federal Home Loan Bank and Federal Reserve Bank stock 4,600 (17,114) (12,172) (19,021) 34,953
Net cash from acquisition 362,695 0 41,097 0 NA
Net cash used in investing activities 223,917 259,824 442,289 (493,561) (44,046)

Financing Activities

Net change in deposits (210,491) (518,417) (601,386) 153,131 245,777
Net change in short-term borrowings (386,163) 420,609 20,437 469,916 (663,512)
Proceeds from notes payable 2,000 3,000 150,078 296,993 72,382
Payments on notes payable (3,262) (2,643) (42,571) (217,630) (65,573)
Redemption of preferred stock 0 0 (114,068) 0 NA
Proceeds from issuance of common stock NA 0 0 4,139 0
Payments to repurchase common stock 0 0 (30,028) 0 (7,205)
Dividends paid on common stock NA 0 0 (5,801) (5,802)
Dividends paid on preferred stock (2,985) (5,619) (3,539) 0 NA
Net cash distributed to noncontrolling interest (2,640) (902) (1,222) 790 (575)
Taxes paid on employee stock awards netting activity NA 0 (75) (2,442) (838)
Other, net 2,482 2,620 718 (868) (356)
Net cash provided by (used in) financing activities (601,059) (101,352) (621,656) 698,228 (425,702)
Net change in cash and cash equivalents 19,563 67,052 (143,630) 21,319 (120,432)
Cash and cash equivalents, beginning of period 726,460 746,023 813,075 669,445 690,764
Cash and cash equivalents, end of period 746,023 813,075 669,445 690,764 570,332

Supplemental Disclosures of Cash Flow Information

Cash paid for interest 31,805 28,846 59,700 58,429 14,407
Cash paid for income taxes, net of refunds 73,802 26,859 112,459 88,899 1,262

Supplemental Schedule of Non-Cash Activities

Conversion of available for sale investment to SWS common stock 0 71,502 0 0 NA
Redemption of senior exchangeable notes for common stock 83,950 NA NA NA NA
Conversion of loans to other real estate owned 25,639 67,542 57,838 20,184 1,945
Common stock issued in acquisition 0 0 200,626 0 NA
Additions to mortgage servicing rights NA 35,056 24,974 23,381 1,224
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.