← FIRST INTERSTATE BANCSYSTEM 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 From Continuing Operations | — | — | — | — | — | — | $202.2m | $257.5m | $226.0m | $302.1m | |
| Net Income (Loss) Attributable to Parent | $95.6m | $106.5m | $160.2m | $181.0m | $161.2m | $192.1m | $202.2m | $257.5m | $226.0m | $302.1m | |
| Depreciation, Depletion and Amortization | $19.5m | $18.4m | $27.6m | $38.7m | $45.1m | $44.4m | $55.5m | $53.8m | $57.0m | $50.8m | |
| Amortization of Intangible Assets | $3.4m | $5.4m | $7.9m | $11.2m | $10.9m | $9.9m | $15.9m | $15.7m | $14.6m | $13.6m | |
| Depreciation | $19.5m | $18.4m | $27.6m | $23.3m | $25.8m | $28.0m | $35.1m | $34.3m | $38.8m | $32.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $55.5m | $53.8m | $57.0m | $50.8m | |
| Deferred Income Tax Expense (Benefit) | $3.4m | $20.9m | $15.8m | $5.4m | ($6.6m) | $5.0m | ($4.7m) | $20.4m | $21.3m | $11.3m | |
| Deferred Income Tax | — | — | — | — | — | — | ($4.7m) | $20.4m | $21.3m | $11.3m | |
| Deferred Tax | — | — | — | — | — | — | ($4.7m) | $20.4m | $21.3m | $11.3m | |
| Share-based Payment Arrangement, Noncash Expense | $4.4m | $3.9m | $5.6m | $8.0m | $7.5m | $8.9m | $9.6m | — | $11.8m | $13.3m | |
| Share-based Payment Arrangement, Expense | $4.4m | $3.9m | — | $8.0m | $7.5m | $8.9m | $9.6m | $4.7m | $11.8m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | ($1.3m) | $1.0m | $3.9m | $500k | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($621k) | ($137k) | $0 | $1.5m | ($300k) | $1.8m | $2.0m | ($700k) | $2.9m | ($8.4m) | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | ($1.1m) | ($574k) | ($3.3m) | $300k | ($4.4m) | $3.7m | ($37.8m) | ($10.8m) | $12.3m | $26.5m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $0 | $0 | $1.4m | $0 | $0 | $100k | |
| Income Tax Expense (Benefit) | $49.6m | $50.2m | $46.1m | $54.1m | $48.1m | $55.7m | $54.9m | $79.3m | $68.5m | $89.6m | |
| Operating Lease, Expense | — | — | — | — | — | $4.3m | $8.9m | $9.3m | $9.0m | $7.4m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $2.2m | $6.1m | $8.0m | $22.1m | $27.7m | $16.4m | $12.9m | ($80.5m) | $23.2m | ($73.0m) | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | ($14.7m) | $82.7m | $32.2m | $67.8m | $26.8m | |
| Parent Company | $39.4m | $48.6m | $64.1m | $79.2m | $128.6m | $101.6m | $182.1m | $195.1m | $195.9m | $194.3m | |
| Debt and Equity Securities, Gain (Loss) | ($330k) | ($718k) | $100k | ($100k) | ($300k) | $1.1m | ($24.4m) | ($23.5m) | $0 | $0 | |
| Equipment Expense | $9.6m | $11.5m | $12.7m | $13.2m | $15.5m | $17.6m | $23.4m | $22.1m | $20.7m | $20.6m | |
| Gain (Loss) Related to Litigation Settlement | $4.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Goodwill | $212.8m | $444.7m | $546.7m | $621.6m | $621.6m | $621.6m | $1.1b | $1.1b | $1.1b | $1.1b | |
| Unrealized Gain (Loss) on Derivatives | ($203k) | ($1.1m) | $0 | $0 | $200k | $4.2m | ($6.7m) | $900k | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $2.3b | $870.5m | $578.0m | $896.6m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($1.1b) | ($2.0b) | ($1.8b) | ($2.2b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($949.0m) | $1.3b | $1.8b | $2.3b | |
| Change In Account Payable | — | — | — | — | — | — | $191.5m | ($33.4m) | ($4.3m) | ($121.0m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($12.9m) | $80.5m | ($23.2m) | $73.0m | |
| Change In Payable | — | — | — | — | — | — | $191.5m | ($33.4m) | ($4.3m) | ($121.0m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $191.5m | ($33.4m) | ($4.3m) | ($121.0m) | |
| Change In Receivables | — | — | — | — | — | — | ($37.8m) | ($10.8m) | $12.3m | $13.4m | |
| Change In Working Capital | — | — | — | — | — | — | $140.8m | $36.3m | ($15.2m) | ($34.6m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($37.8m) | ($10.8m) | $12.3m | $13.4m | |
| Changes In Cash | — | — | — | — | — | — | ($1.5b) | ($292.5m) | $318.6m | $413.1m | |
| End Cash Position | — | — | — | — | — | — | $870.5m | $578.0m | $896.6m | $1.3b | |
| Financing Cash Flow | — | — | — | — | — | — | ($1.1b) | ($2.0b) | ($1.8b) | ($2.2b) | |
| Free Cash Flow | — | — | — | — | — | — | $523.9m | $399.8m | $332.0m | $277.8m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $24.4m | $23.5m | $0 | $0 | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | — | $0 | $0 | ($62.7m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($2.0m) | $700k | ($2.9m) | $8.4m | |
| Investing Cash Flow | — | — | — | — | — | — | ($949.0m) | $1.3b | $1.8b | $2.3b | |
| Issuance Of Capital Stock | — | — | — | — | — | $400k | $100k | $0 | $0 | — | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | $2.0b | $0 | $0 | — | |
| Operating Gains Losses | — | — | — | — | — | — | $21.0m | $24.2m | ($2.9m) | ($58.7m) | |
| Other Non Cash Items | — | — | — | — | — | — | $11.6m | ($4.5m) | ($15.8m) | ($5.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($199.0m) | ($34.0m) | ($1.2m) | ($121.9m) | |
| Sale Of Business | — | — | — | — | — | $0 | $2.0b | $0 | $0 | — | |
| Stock Based Compensation | — | — | — | — | — | — | $9.6m | $4.7m | $11.8m | $13.3m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | ($700k) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $118.1m | $154.7m | $220.2m | $127.3m | $268.3m | $282.3m | $534.4m | $428.0m | $355.0m | $305.6m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($10.5m) | ($28.2m) | ($23.0m) | ($27.8m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($10.5m) | ($28.2m) | ($23.0m) | ($27.8m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | ($18.6m) | ($91.8m) | ($28.1m) | ($298.4m) | $0 | $0 | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($1.9b) | $1.5b | $1.3b | $302.8m | |
| Purchase Of Investment | — | — | — | — | — | — | ($4.2b) | ($134.7m) | ($102.2m) | ($1.4b) | |
| Sale Of Investment | — | — | — | — | — | — | $2.3b | $1.6b | $1.4b | $1.7b | |
| Net Other Investing Changes | — | — | — | — | — | — | ($1.1b) | ($201.7m) | $435.1m | $2.2b | |
| Net Cash Provided by (Used in) Investing Activities | ($143.1m) | ($130.6m) | ($182.3m) | ($16.8m) | ($1.9b) | ($2.1b) | ($949.0m) | $1.3b | $1.8b | $2.3b | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $2.3b | $276.0m | $253.9m | $125.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $2.3b | $276.0m | $253.9m | $125.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $2.2b | $275.9m | ($1.0b) | ($1.6b) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $2.2b | $275.9m | ($1.0b) | ($1.6b) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($164.1m) | ($100k) | ($1.3b) | ($1.7b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($164.1m) | ($100k) | ($1.3b) | ($1.7b) | |
| Proceeds from Issuance of Common Stock | $4.7m | $2.4m | $1.8m | $1.0m | $1.1m | $400k | $100k | $0 | $0 | — | |
| Common Stock Issuance | — | — | — | — | — | $400k | $100k | $0 | $0 | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($198.9m) | ($34.0m) | ($1.2m) | ($121.9m) | |
| Payments for Repurchase of Common Stock | $26.9m | $1.3m | $1.0m | $2.5m | $116.8m | $5.4m | $199.0m | $34.0m | $1.2m | $121.9m | |
| Payments of Ordinary Dividends, Common Stock | $39.4m | $48.6m | $64.1m | $79.2m | $128.6m | $101.6m | $182.1m | $195.1m | $195.9m | $194.3m | |
| Common Stock Payments | — | — | — | — | — | — | ($199.0m) | ($34.0m) | ($1.2m) | ($121.9m) | |
| Other Interest and Dividend Income | — | — | — | — | — | — | $4.8m | $12.4m | $11.8m | $7.4m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($182.1m) | ($195.1m) | ($195.9m) | ($194.3m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($182.1m) | ($195.1m) | ($195.9m) | ($194.3m) | |
| Dividends Received CFI | — | — | — | — | — | — | — | $0 | $0 | ($279.1m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($800k) | — | — | ($2.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $26.6m | ($47.2m) | $25.2m | $144.3m | $2.8b | $1.9b | ($1.1b) | ($2.0b) | ($1.8b) | ($2.2b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.6m | — | $63.1m | $254.8m | $1.2b | $68.0m | ($1.5b) | ($292.5m) | $318.6m | $413.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $1.1b | $2.3b | $2.3b | $870.5m | $578.0m | $896.6m | $1.3b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($1.5b) | ($292.5m) | $318.6m | $413.1m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $17.2m | $27.8m | ($38.7m) | $54.7m | $32.9m | $19.3m | $32.0m | $363.6m | $475.7m | $362.4m | |
| Income Taxes Paid, Net | $54.4m | $28.8m | ($25.3m) | ($51.2m) | ($54.4m) | ($56.8m) | ($57.8m) | ($51.2m) | ($34.3m) | $36.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.