SNV · As filed with the SEC
Synovus Financial cash flow statement, by fiscal year
The statement as Synovus Financial presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD thousands
| USD thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net income | — | — | 757,902 | 760,467 | 373,695 | 563,780 |
| Net income | 479,451 | 542,141 | — | — | — | — |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||
| Provision for (reversal of) credit losses | — | — | 84,553 | (106,251) | 355,022 | 87,720 |
| Provision for (reversal of) credit losses | 136,685 | 189,079 | — | — | — | — |
| Depreciation, amortization, and accretion, net | 60,408 | 93,458 | 69,172 | 157,987 | 69,625 | 8,079 |
| Deferred income tax expense (benefit) | 19,371 | 16,837 | 10,868 | 45,000 | (86,192) | 86,633 |
| Originations of loans held for sale | (6,179,459) | (600,671) | (3,352,235) | (3,698,368) | (3,466,170) | (872,105) |
| Proceeds from sales of loans held for sale | 6,151,247 | 945,944 | 3,709,022 | 3,749,502 | 2,936,398 | 816,223 |
| Gain on sales of loans held for sale, net | — | — | (12,126) | (42,513) | (67,115) | (21,448) |
| Gain on sales of loans held for sale, net | (9,657) | (9,700) | — | — | — | — |
| (Increase) decrease in other assets | (389,458) | (290,477) | (187,205) | (78,728) | (375,150) | (127,636) |
| Increase (decrease) in other liabilities | 265,561 | 244,335 | 82,957 | (21,674) | 281,866 | 43,066 |
| Investment securities (gains) losses, net | — | — | 0 | 799 | (78,931) | 7,659 |
| Investment securities (gains) losses, net | 256,660 | 76,718 | — | — | — | — |
| Share-based compensation expense | 32,049 | 32,224 | 27,904 | 27,795 | 18,641 | 24,487 |
| Loss on sales of loans | 0 | 50,064 | — | — | — | — |
| Net gain on sales of other real estate and other assets held for sale | (1,828) | — | — | — | — | — |
| Other | 0 | (7,329) | 677 | 0 | 55,343 | 4,592 |
| Net cash provided by (used in) operating activities | 821,030 | 1,282,623 | 1,191,489 | 794,016 | 17,032 | 621,050 |
| Investing Activities | ||||||
| Net cash received in business combination, net of cash paid | — | — | — | 0 | 0 | 201,100 |
| Net cash received (paid) for business combination and divestiture | 0 | 8,359 | — | — | — | — |
| Proceeds from maturities and principal collections of investment securities held to maturity | 187,046 | — | — | — | — | — |
| Proceeds from maturities and principal collections of investment securities available for sale | 614,733 | 937,967 | 1,973,990 | 3,051,158 | 2,291,536 | 1,102,651 |
| Proceeds from sales of investment securities available for sale | 1,365,923 | 1,301,520 | 0 | 565,400 | 2,649,686 | 2,923,787 |
| Purchases of investment securities available for sale | (2,640,980) | (2,150,430) | (2,287,318) | (6,877,712) | (6,036,179) | (4,300,021) |
| Net proceeds from sales of loans | 37,453 | 1,651,154 | 69,784 | 111,168 | 1,426,954 | 74,123 |
| Purchases of loans | — | — | (514,475) | (1,624,182) | (126,152) | (667,954) |
| Purchases of loans | 0 | (10,623) | — | — | — | — |
| Net (increase) decrease in loans | 615,363 | (1,524,681) | (3,987,133) | 373,964 | (2,461,302) | (1,361,693) |
| Net (purchases) redemptions of Federal Reserve Bank stock | (12,655) | (5,081) | 15,151 | (1,220) | (658) | (55,335) |
| Net (purchases) redemptions of Federal Home Loan Bank stock | 33,225 | 128,458 | (163,531) | (1,200) | 129,710 | (45,856) |
| Net (purchases) proceeds from settlement of bank-owned life insurance policies | 6,496 | 8,773 | 9,271 | 19,045 | (242,300) | 16,637 |
| Net increase in premises, equipment and software | (56,152) | (32,207) | (30,105) | (25,954) | (30,102) | (61,208) |
| Other | — | 10,757 | 58,884 | 25,367 | 45,834 | 19,907 |
| Proceeds from sales of other real estate and other assets held for sale | 27,119 | — | — | — | — | — |
| Net cash provided by (used in) investing activities | 177,571 | 323,966 | (4,855,482) | (4,384,166) | (2,352,973) | (2,153,862) |
| Financing Activities | ||||||
| Net increase (decrease) in deposits | 343,683 | 1,858,349 | (531,490) | 2,735,705 | 8,284,519 | 797,612 |
| Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements | (57,346) | 42,486 | (117,545) | 36,211 | 62,232 | (101,142) |
| Net increase (decrease) in other short-term borrowings | (3,496) | (599,888) | 603,184 | 0 | (1,745,843) | 1,103,560 |
| Repayments and redemption of long-term debt | (1,850,000) | (5,404,731) | (700,000) | 0 | (2,408,939) | (157,226) |
| Proceeds from long-term debt, net | 1,646,791 | 3,220,912 | 3,622,892 | 0 | 1,445,492 | 497,045 |
| Dividends paid to common shareholders | (220,128) | (216,061) | (196,148) | (194,677) | (189,967) | (167,923) |
| Dividends paid to preferred shareholders | (40,696) | (35,950) | (33,163) | (33,163) | (33,163) | (17,741) |
| Proceeds from issuance of preferred stock, net | — | — | — | 0 | 0 | 342,005 |
| Issuances, net of taxes paid, under equity compensation plans | — | 1,940 | (2,823) | 11,566 | 5,407 | 7,321 |
| Issuances, net of taxes paid, under equity compensation plans | (2,505) | — | — | — | — | — |
| Repurchase of common stock | (272,343) | 0 | (12,987) | (199,932) | (16,246) | (725,398) |
| Other | — | 0 | 0 | (8,624) | (1,552) | (1,947) |
| Net cash provided by (used in) financing activities | (456,040) | (1,132,943) | 2,631,920 | 2,347,086 | 5,401,940 | 1,576,166 |
| Increase (decrease) in cash and cash equivalents including restricted cash | 542,561 | 473,646 | (1,032,073) | (1,243,064) | 3,065,999 | 43,354 |
| Cash, cash equivalents, and restricted cash at beginning of year | 2,451,426 | 1,977,780 | 3,009,853 | 4,252,917 | 1,186,918 | 1,143,564 |
| Cash, cash equivalents, and restricted cash at end of year | 2,993,987 | 2,451,426 | 1,977,780 | 3,009,853 | 4,252,917 | 1,186,918 |
| Supplemental Disclosures: | ||||||
| Income taxes paid | 47,268 | 69,753 | 175,680 | 204,214 | 110,828 | 101,781 |
| Interest paid | 1,467,099 | 1,112,905 | 242,040 | 132,923 | 319,282 | 464,712 |
| Non-cash Activities: | ||||||
| Common stock issued, treasury stock reissued, equity awards/warrants exchanged to acquire FCB | — | — | — | 0 | 0 | 1,625,688 |
| Loans foreclosed and transferred to other real estate | — | — | 0 | 12,408 | 2,163 | 19,423 |
| Loans transferred to (from) loans held for sale at fair value | — | — | (14,480) | (859) | 49,821 | 72,707 |
| Premises and equipment transferred to other assets held for sale | — | — | 24,163 | — | 7,014 | — |
| Loans foreclosed and transferred to other real estate | 21,992 | — | — | — | — | — |
| Investment securities transferred from available for sale to held to maturity | 2,715,635 | — | — | — | — | — |
| Settlement of acquired debt | 0 | 31,109 | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.