Cullen/Frost Bankers
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Cullen/Frost Bankers generated cash of $478,845,000, which is less than the previous year. Cash used in financing activities reached the amount of -$2,876,950,000 last year. Net change in cash is therefore -$3,340,856,000.
Cash Flow
| 2014 | 286.67M | -2.28B | 1.80B |
|---|---|---|---|
| 2015 | 393.47M | -1.23B | 72.84M |
| 2016 | 437.84M | -1.37B | 1.48B |
| 2017 | 538.07M | -670.59M | 1.04B |
| 2018 | 562.38M | -1.91B | 253.66M |
| 2019 | 634.09M | -1.38B | 585.06M |
| 2020 | 524.24M | -1.63B | 7.60B |
| 2021 | 648.29M | -2.52B | 8.17B |
| 2022 | 722.58M | -8.27B | 2.99B |
| 2023 | 478.84M | -942.75M | -2.87B |
CFR Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 12.02B | 16.58B | 10.28B | 3.78B | 3.95B | 5.05B | 4.14B | 3.59B | 4.36B | 4.55B |
Operating activities | ||||||||||
Net income | 597.97M | 579.15M | 443.07M | 331.15M | 443.59M | 454.91M | 364.14M | 304.26M | 279.32M | 277.97M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 76.44M | 71.34M | 69.28M | 64.37M | 54.09M | 50.17M | 47.81M | 48.17M | 41.96M | 39.69M |
Stock-based compensation expense | 24.59M | 46.32M | 12.75M | 13.91M | 44.84M | 13.94M | 13.01M | 11.79M | 12.73M | 12.50M |
| Deferred income tax benefit | 24.59M | 46.32M | 12.75M | 13.91M | 44.84M | 13.94M | 13.01M | 11.79M | 12.73M | 12.50M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | -116.24M | -46.56M | -158.26M | -15.57M | -85.89M | -55.17M | -7.39M | -12.86M | -73.18M |
Inventories | 0 | 0 | 23.50M | 23.93M | 20.12M | 0 | 0 | 0 | 0 | 0 |
Accounts payable | -84.99M | 61.14M | 38.82M | 27.14M | -18.38M | -24.18M | 71.17M | -5.94M | -11.90M | -24.51M |
Cash generated by operating activities | 478.84M | 722.58M | 648.29M | 524.24M | 634.09M | 562.38M | 538.07M | 437.84M | 393.47M | 286.67M |
Investing activities | ||||||||||
Purchases Of Investments | -20.27B | -23.60B | -24.21B | -20.84B | -23.95B | -18.19B | -13.52B | -16.41B | -14.14B | -19.48B |
Investments In Property Plant And Equipment | -158.63M | -102.50M | -65.85M | -95.42M | -206.71M | -79.27M | -34.08M | -53.64M | -147.12M | -131.97M |
Acquisitions Net | 0 | 63K | 1.15B | -2.81B | -661.51M | -973.84M | -1.18B | -492K | -498.45M | 830.66M |
Cash generated by investing activities | -942.75M | -8.27B | -2.52B | -1.63B | -1.38B | -1.91B | -670.59M | -1.37B | -1.23B | -2.28B |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 54.41M | 145.45M | 0 | 31.64M | 0 | 78.86M | 0 | 0 |
Payments for dividends | -238.99M | -216.45M | -195.94M | -182.6M | -185.06M | -173.51M | -152.23M | -142.96M | -140.22M | -135.24M |
Repurchases of common stock | -42.72M | -4.39M | -3.86M | -165.78M | -68.79M | -101.01M | -101.47M | -1.29M | -101.23M | -1.45M |
Repayments of term debt | -570.90M | 1.94B | -13.40M | -1.25B | 327.79M | -219.72M | 169.26M | -83.47M | 90.40M | 0 |
Cash used in financing activities | -2.87B | 2.99B | 8.17B | 7.60B | 585.06M | 253.66M | 1.04B | 1.48B | 72.84M | 1.80B |
Net Change In Cash | -3.34B | -4.55B | 6.29B | 6.50B | -167.59M | -1.09B | 911.60M | 549.92M | -772.6M | -192.00M |
Cash at end of period | 8.68B | 12.02B | 16.58B | 10.28B | 3.78B | 3.95B | 5.05B | 4.14B | 3.59B | 4.36B |
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