← POPULAR, INC.
| 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 | $216.7m | $107.7m | $618.2m | $671.1m | $506.6m | $934.9m | $1.1b | $541.3m | $614.2m | $833.2m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $213.0m | $104.0m | $614.4m | $667.4m | $504.9m | $933.5m | $1.1b | $539.9m | $612.8m | $831.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | $618.2m | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $215.6m | $107.7m | $618.2m | $671.1m | $506.6m | $934.9m | $1.1b | $541.3m | $614.2m | $833.2m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.1m | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | $0 | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $46.9m | $48.4m | $52.5m | $58.1m | $58.4m | $55.1m | $55.1m | $58.5m | $57.1m | $53.3m | |
| Amortization of Intangible Assets | $12.1m | $9.4m | $9.3m | $9.4m | $6.4m | $9.1m | $3.3m | $3.2m | $2.9m | $1.8m | |
| Depreciation, Nonproduction | $46.9m | $48.4m | $53.3m | $58.1m | $58.5m | $55.1m | $55.1m | $58.5m | $57.1m | $53.2m | |
| Deferred Income Tax Expense (Benefit) | $60.7m | $207.4m | ($14.0m) | $141.3m | $75.0m | $229.4m | ($33.1m) | ($43.1m) | $23.7m | $6.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $1.8m | $2.2m | $5.4m | $3.7m | $5.1m | $5.8m | $4.1m | $6.5m | $8.1m | |
| Goodwill, Impairment Loss | $3.8m | $0 | $0 | — | — | — | $9.0m | $23.0m | $0 | $13.0m | |
| Operating Lease, Impairment Loss | — | — | — | — | $14.8m | $0 | $0 | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($4.1m) | ($4.3m) | — | — | — | — | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | $0 | $0 | $8.2m | $152k | $0 | $1.2m | |
| Gain (Loss) on Disposition of Assets | — | — | ($16.0m) | $6.7m | $11.6m | $18.4m | $9.5m | $12.8m | $7.6m | $187k | |
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | ($12.5m) | $0 | $0 | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $31.3m | $34.1m | $38.0m | $43.0m | ($27.7m) | ($50.9m) | ($29.5m) | ($27.4m) | ($23.5m) | ($25.9m) | |
| Income Tax Expense (Benefit) | $78.8m | $230.8m | $119.6m | $147.2m | $111.9m | $309.0m | $132.3m | $134.2m | $182.4m | $173.6m | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($14.4m) | ($18.2m) | $24.2m | $28.0m | $27.7m | $50.9m | $29.5m | $27.4m | $23.5m | $25.9m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $26.3m | $50.5m | ($264.8m) | $37.8m | ($114.3m) | ($25.0m) | ($76.6m) | ($24.2m) | ($30.0m) | ($54.9m) | |
| Provision for Loan, Lease, and Other Losses | $170.0m | $325.4m | $228.1m | $165.8m | $292.5m | ($193.5m) | $83.0m | $208.6m | $256.9m | $260.2m | |
| Increase (Decrease) in Other Operating Liabilities | ($13.2m) | $28.3m | ($226.2m) | ($116.4m) | ($106.7m) | $22.8m | ($20.7m) | ($41.4m) | ($38.8m) | ($53.2m) | |
| Gain (Loss) on Sales of Loans, Net | $8.2m | ($420k) | $33k | $0 | $1.2m | ($73k) | $0 | ($115k) | $440k | $0 | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | ($20k) | $41k | $23k | $0 | $0 | — | — | |
| Debt Securities, Realized Gain (Loss) | — | — | $0 | — | — | — | — | — | — | — | |
| Equipment Expense | $62.2m | $65.1m | $71.8m | $84.2m | $88.9m | $92.1m | $35.6m | $37.1m | $33.4m | $22.1m | |
| Goodwill | $627.3m | $627.3m | $671.1m | $671.1m | $671.1m | $720.3m | $827.4m | $804.4m | $803.0m | $790.0m | |
| Payments for Repurchase of Warrants | $0 | — | — | — | — | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | ($282.3m) | $183.3m | ($83.3m) | ($201.5m) | ($258.4m) | ($260.7m) | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($1.9m) | ($1.2m) | $677k | ($2.4m) | ($4.3m) | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $589.5m | $635.5m | $847.5m | $705.4m | $678.8m | $1.0b | $1.0b | $686.6m | $674.7m | $878.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $100.3m | $62.7m | $80.5m | $75.7m | $60.1m | $72.8m | $103.8m | $208.0m | $213.4m | $197.5m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $0 | $1.8b | $0 | $0 | $155.8m | $0 | $0 | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($3.4b) | ($5.3b) | ($4.4b) | ($4.2b) | ($13.1b) | ($10.5b) | $5.4b | ($2.6b) | ($1.6b) | ($1.8b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $1.2b | $2.0b | $6.9b | $14.7b | $18.2b | $9.6b | $20.1b | $18.2b | $33.8b | $35.2b | |
| Proceeds from Issuance of Common Stock | $7.4m | $7.0m | $7.3m | $8.7m | $9.1m | $4.7m | $5.8m | $6.3m | $6.9m | $7.1m | |
| Payments for Repurchase of Common Stock | $2.2m | $75.7m | $125.3m | $250.6m | $500.5m | $350.5m | $631.9m | $461k | $217.3m | $504.7m | |
| Dividends paid | $65.9m | $95.9m | $105.4m | $115.8m | $133.6m | $141.5m | $161.5m | $159.9m | $180.5m | $197.6m | |
| Payments of Dividends | $65.9m | $95.9m | $105.4m | $115.8m | $133.6m | $141.5m | $161.5m | $159.9m | $180.5m | $197.6m | |
| Dividends Payable | $15.6m | $25.5m | $25.1m | $29.0m | $33.7m | $35.9m | $39.5m | $44.7m | $49.5m | $49.6m | |
| Net Cash Provided by (Used in) Financing Activities | $2.9b | $4.8b | $3.5b | $3.5b | $12.5b | $9.5b | ($6.3b) | $1.9b | $959.6m | $864.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($9.4m) | ($8.9m) | $102.8m | ($62.6m) | $41.6m | ($48.6m) | $1.8m | ($16.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $403.3m | $394.3m | $497.1m | $434.5m | $476.2m | $427.6m | $429.4m | $413.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $296.8m | $369.4m | $240.3m | $170.4m | $292.5m | $1.1b | $1.4b | $1.2b | |
| Income Taxes Paid, Net | $3.8m | $2.4m | $4.1m | $14.5m | $13.0m | $65.0m | $178.8m | $185.4m | $186.7m | $204.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.