Heartland Financial USA Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	79.92	212.18	219.92	137.94
Depreciation & Amortization	20.39	24.48	26.89	27.29
Gain (Loss) on Sale of Assets	-0.08	2	2.22	5.1
Gain (Loss) on Sale of Investments	170.97	60.5	46.18	7.61
Provision for Credit Losses	21.71	15.37	-17.58	67.07
Net Decrease (Increase) in Loans Originated / Sold - Operating	23.97	23.97	55.39	-6.07
Accrued Interest Receivable	-11.29	-17.53	-1.59	-9.97
Change in Other Net Operating Assets	-1.18	-1.58	-1.1	-3.5
Other Operating Activities	-75.54	64.2	6.22	-14.36
Operating Cash Flow	280.31	388.01	326.04	190.37
Operating Cash Flow Growth	-27.76%	19.01%	71.27%	18.11%
Capital Expenditures	-7.06	-14.8	-17.2	-18.54
Sale of Property, Plant and Equipment	9.25	10.87	10.49	5.9
Cash Acquisitions	-	-	-	641.32
Investment in Securities	1,449	-255.9	-1,561	-2,490
Divestitures	-	-50.62	-15.68	-
Purchase / Sale of Intangibles	6.71	-	-	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	-661.45	-1,506	50.44	-444.15
Other Investing Activities	5.67	3.75	8.05	4.23
Investing Cash Flow	802.2	-1,813	-1,525	-2,301
Short-Term Debt Issued	1,295	286	141.7	556.68
Long-Term Debt Issued	-	194.52	147.61	314.4
Total Debt Issued	1,295	480.52	289.31	871.08
Short-Term Debt Repaid	-824.3	-236	-141.7	-597.74
Long-Term Debt Repaid	-225.79	-0.23	-270.07	-134.24
Total Debt Repaid	-1,050	-236.23	-411.77	-731.99
Net Debt Issued (Repaid)	245.4	244.29	-122.46	139.09
Issuance of Common Stock	2.47	2.88	2.93	3
Preferred Stock Issued	-	-	-	110.71
Common Dividends Paid	-	-46.2	-40.51	-
Preferred Dividends Paid	-	-8.05	-8.05	-
Total Dividends Paid	-59.15	-54.25	-48.56	-31.91
Net Increase (Decrease) in Deposit Accounts	-1,311	1,160	1,465	1,849
Financing Cash Flow	-1,123	1,353	1,297	2,070
Net Cash Flow	-40.07	-72.51	97.7	-40.83
Free Cash Flow	273.25	373.2	308.83	171.83
Free Cash Flow Growth	-26.78%	20.84%	79.74%	19.95%
Free Cash Flow Margin	49.39%	52.78%	44.11%	32.05%
Free Cash Flow Per Share	6.39	8.75	7.28	4.60
Cash Interest Paid	306.57	72.68	28.7	47.8
Cash Income Tax Paid	48.62	37.78	49.91	33.4

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

SEC Filings: 10-K · 10-Q