CONSOLIDATED STATEMENTS OF CASH FLOWS
FCS Financial, ACA
(in thousands)
For the year ended December 31
2017 2016 2015
$70,142
1,601
(159)
72
--
--
(14) $61,566
1,524
(62)
--
1,000
(5)
(577) $60,583
1,404
(235)
--
500
(69)
(75)
(5,128)
(4,096)
2,751
(5,438) (5,181)
(3,177)
2,135
1,273 (5,218)
522
1,066
3,403
59,731 58,496 61,881
(158,810)
(1,946)
(1,529)
1,081
(21) (208,071)
(1,600)
(2,993)
2,760
(6,347) (239,018)
(1,004)
(1,661)
427
(6,463)
(161,225) (216,251) (247,719)
Cash flows from financing activities
Increase in note payable to AgriBank, FCB, net
Patronage distributions paid
Capital stock and participation certificates retired, net 114,495
(12,512)
(489) 170,667
(12,512)
(400) 196,191
(10,016)
(337)
Net cash provided by financing activities 101,494 157,755 185,838
--
-- --
-- --
--
$ -- $ -- $ --
$824
699
3
2,126
--
21,763 $884
737
6
1,572
2,740
12,515 $1,040
666
10
1,545
726
12,520
$60,031
543 $51,582
664 $43,029
422
Cash flows from operating activities
Net income
Depreciation on premises and equipment
Gain on sale of premises and equipment, net
Amortization of premiums on loans
Provision for loan losses
Stock patronage received from Farm Credit Institutions
Gain on other property owned, net
Changes in operating assets and liabilities:
Increase in accrued interest receivable
(Increase) decrease in other assets
Increase in accrued interest payable
(Decrease) increase in other liabilities
Net cash provided by operating activities
Cash flows from investing activities
Increase in loans, net
Purchases of investment in AgriBank, FCB, net
Purchases of investment in other Farm Credit Institutions, net
Proceeds from sales of other property owned
Purchases of premises and equipment, net
Net cash used in investing activities
Net change in cash
Cash at beginning of year
Cash at end of year
Supplemental schedule of non-cash activities
Stock financed by loan activities
Stock applied against loan principal
Stock applied against interest
Interest transferred to loans
Loans transferred to other property owned
Patronage distributions payable to members
Supplemental information
Interest paid
Taxes paid, net
The accompanying notes are an integral part of these Consolidated Financial Statements.
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