First 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	298.72	302.86	305.07	281.03
Depreciation & Amortization	25	28.24	31.11	36.37
Other Amortization	0.76	0.31	0.11	0.22
Gain (Loss) on Sale of Assets	-0.1	-3.51	-0.71	-0.03
Gain (Loss) on Sale of Investments	4.53	4.67	2.34	22.32
Provision for Credit Losses	59.92	60.94	27.7	-65.7
Net Decrease (Increase) in Loans Originated / Sold - Operating	-4.7	2.43	20.24	25.05
Accrued Interest Receivable	5.6	-5.44	-11.34	7.7
Change in Other Net Operating Assets	-10.69	-57.91	18	11.84
Other Operating Activities	14.13	4.5	54.22	118.32
Operating Cash Flow	404.15	362.96	440.49	399.72
Operating Cash Flow Growth	11.35%	-17.60%	10.20%	34.25%
Capital Expenditures	-10.01	-22.6	-20.46	-13.35
Sale of Property, Plant and Equipment	1.35	4.48	1.2	0.83
Cash Acquisitions	-	-	-	-3.38
Investment in Securities	766.89	635.82	-166.79	-1,984
Net Decrease (Increase) in Loans Originated / Sold - Investing	-687.01	-750.5	-541.69	680.56
Other Investing Activities	65.01	54.35	46.28	56.42
Investing Cash Flow	136.23	-78.45	-681.46	-1,263
Short-Term Debt Issued	-	-	550.13	-
Long-Term Debt Issued	-	300	200	-
Total Debt Issued	-	300	750.13	-
Short-Term Debt Repaid	-	-550.13	-	-
Long-Term Debt Repaid	-97	-19.8	-500	-240
Total Debt Repaid	-97	-569.93	-500	-240
Net Debt Issued (Repaid)	-97	-269.93	250.13	-240
Repurchase of Common Stock	-102.39	-203.24	-277.77	-216.52
Preferred Share Repurchases	-	-	-	-36.1
Common Dividends Paid	-105.58	-99.67	-87.82	-65.02
Preferred Dividends Paid	-	-	-	-2.45
Total Dividends Paid	-105.58	-99.67	-87.82	-67.47
Net Increase (Decrease) in Deposit Accounts	260.84	470.98	-1,706	2,473
Financing Cash Flow	-44.13	-101.85	-1,822	1,912
Net Cash Flow	496.25	182.66	-2,063	1,049
Free Cash Flow	394.14	340.36	420.03	386.37
Free Cash Flow Growth	15.80%	-18.97%	8.71%	37.17%
Free Cash Flow Margin	44.95%	39.43%	47.16%	42.18%
Free Cash Flow Per Share	2.38	1.92	2.19	1.83
Cash Interest Paid	281.73	207.83	65.99	68.67
Cash Income Tax Paid	93.23	109.51	51.8	15.48

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