Customers Bancorp Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	181.47	250.14	228.03	314.65
Depreciation & Amortization	1.01	1.92	4.18	3.84
Other Amortization	32.54	29.9	22.98	17.82
Gain (Loss) on Sale of Assets	-	-	-	2.84
Gain (Loss) on Sale of Investments	20.76	-6.44	22.97	-38.13
Total Asset Writedown	-	0.12	1.36	-
Provision for Credit Losses	46.72	-15.97	6.55	-196.38
Net Decrease (Increase) in Loans Originated / Sold - Operating	-12.68	-206.09	-306.9	-8.71
Accrued Interest Receivable	-99.98	23.58	-3.59	46.66
Other Operating Activities	-10.59	10.4	-8.79	48.96
Net Cash from Discontinued Operations	-	-	-	-24.38
Operating Cash Flow	145.06	124.73	-20.83	271.16
Operating Cash Flow Growth	16.30%	-	-	78.37%
Capital Expenditures	-65.19	-41.34	-113.35	-32.95
Sale of Property, Plant and Equipment	18.49	2.61	7.49	10.09
Investment in Securities	679.72	798.65	149.79	-2,619
Income (Loss) Equity Investments	-11.43	-	-	-
Divestitures	-	-	-	3.77
Net Decrease (Increase) in Loans Originated / Sold - Investing	-1,658	2,376	-1,351	1,475
Other Investing Activities	18.44	21.53	8.63	-37.68
Investing Cash Flow	-1,006	3,158	-1,298	-1,201
Short-Term Debt Issued	100	-	-	-
Long-Term Debt Issued	155	2,565	500	98.8
Total Debt Issued	255	2,565	500	98.8
Short-Term Debt Repaid	-	-300	-475	-325
Long-Term Debt Repaid	-350	-1,865	-100	-4,415
Total Debt Repaid	-350	-2,165	-575	-4,740
Net Debt Issued (Repaid)	-95	400	-75	-4,641
Issuance of Common Stock	1.76	3.11	0.53	27.76
Repurchase of Common Stock	-24.7	-42.24	-38.23	-33.23
Preferred Share Repurchases	-	-	-	-82.5
Preferred Dividends Paid	-15.15	-14.64	-9.33	-10.83
Total Dividends Paid	-15.15	-14.64	-9.33	-10.83
Net Increase (Decrease) in Deposit Accounts	933.7	-238.15	1,379	5,468
Other Financing Activities	-	-	-	26.8
Financing Cash Flow	800.62	108.09	1,257	754.78
Net Cash Flow	-60.42	3,391	-62.23	-175.32
Free Cash Flow	79.87	83.39	-134.17	238.21
Free Cash Flow Growth	-4.22%	-	-	93.31%
Free Cash Flow Margin	12.45%	12.20%	-22.80%	32.39%
Free Cash Flow Per Share	2.44	2.59	-4.00	7.07
Cash Interest Paid	715.21	649.54	226.99	107.92
Cash Income Tax Paid	57.59	44.97	80.05	94.09

Source: S&P Global Market Intelligence. Banks template. Financial Sources.