← Beacon Financial Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $58.7m | $55.2m | $105.8m | $97.5m | ($533.0m) | $118.7m | $92.5m | $69.6m | $61.0m | $90.3m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $58.7m | $55.0m | $104.8m | $96.5m | ($533.3m) | $118.7m | $92.5m | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | $101.5m | ($513.2m) | $118.7m | $92.5m | $69.6m | $61.0m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | $101.5m | ($513.2m) | $118.7m | $92.5m | $69.6m | $61.0m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | ($4.1m) | ($19.8m) | $0 | $0 | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | ($4.1m) | ($19.8m) | $0 | $0 | — | — | — | |
| Depreciation, Depletion and Amortization | $8.4m | $9.9m | $10.8m | $10.9m | $11.9m | $11.0m | $9.6m | $8.4m | $7.0m | $10.0m | |
| Amortization | ($9.4m) | ($18.2m) | ($24.0m) | ($14.8m) | $6.2m | $5.2m | $5.1m | $4.8m | $4.6m | — | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | $100k | $100k | $100k | |
| Amortization of Intangible Assets | $2.9m | $3.5m | $4.9m | $5.8m | $6.2m | $5.2m | $5.1m | $4.8m | $4.6m | $15.2m | |
| Deferred Income Tax Expense (Benefit) | $11.0m | $31.6m | $12.2m | $564k | $4.0m | $5.2m | ($3.5m) | ($4.4m) | $375k | $22.3m | |
| Share-based Payment Arrangement, Noncash Expense | $4.6m | $5.1m | $4.8m | $4.8m | $4.7m | $4.2m | $7.3m | $7.5m | $8.3m | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | — | $2.0m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | — | $3.5m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $553.8m | $0 | $0 | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $0 | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | — | — | — | — | — | — | $0 | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $11.0m | $32.0m | $24.0m | $33.6m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($1.3m) | ($912k) | ($152k) | ($3.4m) | ($327k) | ($2.8m) | $0 | $0 | — | — | |
| Gain (Loss) on Disposition of Business | $1.1m | $296k | $460k | $1.4m | $1.2m | $52.9m | $0 | $0 | $16.2m | — | |
| Income Tax Expense (Benefit) | $18.8m | $44.5m | $27.6m | $22.5m | — | $30.4m | $21.3m | $8.7m | $18.5m | $31.6m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | $7.0m | $2.0m | $13.6m | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | — | — | — | — | — | — | — | — | — | ($85.2m) | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | — | — | $41.4m | |
| Bank Owned Life Insurance Income | $3.9m | $3.6m | $6.2m | $5.3m | $5.4m | $5.6m | $5.5m | $5.4m | $6.2m | — | |
| Increase (Decrease) in Other Operating Liabilities | — | — | — | — | — | — | — | — | — | ($89.4m) | |
| Gain (Loss) on Sales of Loans, Net | $8.0m | $11.7m | $9.3m | $12.0m | $10.6m | $20.7m | $12.5m | $10.3m | $12.6m | ($5.6m) | |
| Proceeds from Stock Options Exercised | $3.7m | $329k | $326k | $188k | $664k | $417k | $270k | $0 | $119k | — | |
| Parent Company | $24.9m | $33.2m | $40.9m | $45.1m | $36.6m | $24.6m | $24.5m | $31.7m | $30.9m | $63.1m | |
| Debt and Equity Securities, Gain (Loss) | — | — | ($3.7m) | $4.4m | ($7.5m) | ($787k) | ($2.0m) | ($24.9m) | ($50.1m) | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | — | — | — | — | $513k | $7k | — | |
| Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded | — | — | — | — | — | — | — | — | — | $12k | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | ($1.9m) | ($25.1m) | ($49.9m) | $0 | |
| Goodwill | $403.1m | $519.3m | $518.3m | $553.8m | $0 | $0 | — | — | — | $351.6m | |
| Proceeds from Contributions from Affiliates | — | — | $35.0m | $35.0m | — | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $76.1m | ($501k) | $11.0m | $32.0m | $24.0m | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | — | — | — | ($495k) | |
| Net Cash Provided by (Used in) Operating Activities | $98.1m | $78.1m | $222.3m | $111.5m | $227.6m | $105.5m | $123.2m | $157.2m | $125.2m | $224.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $9.1m | $12.5m | $9.7m | $10.6m | $7.2m | $1.6m | $1.5m | $1.8m | $4.6m | $12.3m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $48.2m | ($374.6m) | $0 | — | — | — | — | — | — | ($1.1b) | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | — | ($2.0m) | ($24.5m) | ($49.9m) | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | — | — | — | — | $1.4m | |
| Payments for (Proceeds from) Other Investing Activities | $7.6m | $5.1m | $4.7m | $4.4m | $7.3m | $2.9m | $14.5m | $16.2m | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($207.6m) | ($282.9m) | ($861.5m) | $1.2b | $641.1m | $600.6m | ($1.3b) | ($284.5m) | ($317.2m) | $2.3b | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $166.7m | $206.6m | $188.1m | $240.6m | $457.6m | $575.5m | $548.4m | $201.6m | $88.2m | $190.0m | |
| Proceeds from Issuance of Long-term Debt | $9.4b | $6.0b | $4.8b | $5.4b | $326.3m | $0 | $98.0m | $0 | $0 | — | |
| Repayments of Long-term Debt | $9.4b | $6.2b | $4.4b | $6.2b | $582.6m | $462.1m | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | $153.0m | $0 | $0 | — | — | — | — | $100.0m | — | |
| Payments for Repurchase of Common Stock | $0 | $0 | — | $52.7m | $473k | $68.7m | $124.5m | $23.8m | $17.5m | — | |
| Payments of Ordinary Dividends, Common Stock | $24.9m | $33.2m | $40.9m | $45.1m | $36.6m | $24.6m | $24.5m | $31.7m | $30.9m | $63.1m | |
| Net Cash Provided by (Used in) Financing Activities | $119.0m | $340.5m | $573.7m | ($917.5m) | $109.3m | ($636.1m) | $207.7m | $645.2m | $117.2m | ($1.0b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $135.7m | ($65.6m) | $396.6m | $978.0m | $69.9m | ($942.5m) | $517.9m | ($74.8m) | $1.5b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $1.6b | $1.6b | $685.4m | $1.2b | $1.1b | $2.0b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $32.3m | $33.4m | $21.3m | $11.4m | $9.0m | $46.6m | $34.8m | $328.9m | |
| Income Taxes Paid, Net | $16.2m | $18.3m | $3.0m | $19.8m | ($13.9m) | $14.8m | $28.4m | $12.3m | ($1.4m) | $15.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.