United Bankshares 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	373	366.31	379.63	367.74
Depreciation & Amortization	19.66	22.62	24.1	22.82
Gain (Loss) on Sale of Assets	0.32	0.35	0.46	0.46
Gain (Loss) on Sale of Investments	23	22.88	12.79	10.04
Total Asset Writedown	0.22	0.95	1.12	4.6
Provision for Credit Losses	25.15	31.15	18.82	-23.97
Net Decrease (Increase) in Loans Originated / Sold - Operating	27.96	26.5	334.11	375.63
Accrued Interest Receivable	9.01	-16.53	-30.37	2.56
Change in Other Net Operating Assets	4.65	15.17	61.25	29.75
Other Operating Activities	-33.84	-20.87	-10.73	-27.3
Operating Cash Flow	445.45	435.24	760.82	609.54
Operating Cash Flow Growth	2.35%	-42.79%	24.82%	334.00%
Capital Expenditures	-12.13	-11.69	-16.86	-15.38
Sale of Property, Plant and Equipment	0.1	2.54	0.9	1.62
Cash Acquisitions	-	-	-	39.42
Investment in Securities	882.85	819.87	-1,087	-813.94
Purchase / Sale of Intangibles	12.49	23.45	-	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	-318.05	-800.97	-2,367	882.15
Other Investing Activities	3.86	2.56	11.95	-83.89
Investing Cash Flow	571.49	38.99	-3,448	15.65
Short-Term Debt Issued	-	35.4	31.85	-
Long-Term Debt Issued	250	1,500	1,900	500
Total Debt Issued	250	1,535	1,932	500
Short-Term Debt Repaid	-20.01	-	-	-40.21
Long-Term Debt Repaid	-1,500	-1,910	-520	-597.79
Total Debt Repaid	-1,520	-1,910	-520	-638
Net Debt Issued (Repaid)	-1,270	-374.85	1,412	-138
Issuance of Common Stock	5.27	1.75	10.3	5.21
Repurchase of Common Stock	-1.04	-1.38	-79.46	-11.21
Common Dividends Paid	-200.73	-194.73	-193.04	-181.28
Net Increase (Decrease) in Deposit Accounts	1,143	517.27	-1,044	1,249
Financing Cash Flow	-323.64	-51.94	105.32	923.91
Net Cash Flow	693.3	422.29	-2,582	1,549
Free Cash Flow	433.33	423.55	743.96	594.16
Free Cash Flow Growth	2.31%	-43.07%	25.21%	389.33%
Free Cash Flow Margin	42.92%	41.36%	72.17%	56.87%
Free Cash Flow Per Share	3.20	3.14	5.51	4.59
Cash Interest Paid	590.64	468.12	98.16	54.59
Cash Income Tax Paid	91.69	106.08	93.68	101.23

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