← FLAGSTAR BANK, NATIONAL ASSOCIATION
| 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 | $495.4m | $466.2m | $422.4m | $395.0m | $511.1m | $596.0m | $650.0m | ($79.0m) | ($1.1b) | ($177.0m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | $491.6m | $441.6m | $389.6m | $362.2m | $478.3m | $563.0m | $617.0m | ($112.0m) | ($1.2b) | ($210.0m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $511.1m | $596.0m | $650.0m | — | — | — | |
| Depreciation, Depletion and Amortization | $32.8m | $32.8m | $32.3m | $27.1m | $23.9m | $21.0m | $18.0m | $39.0m | $48.0m | $148.0m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | — | — | $7.0m | |
| Amortization of Intangible Assets | $2.4m | $208k | — | — | — | — | $5.0m | $126.0m | $136.0m | $107.0m | |
| Depreciation | $32.8m | $32.8m | $32.3m | $27.1m | $23.9m | $21.0m | $18.0m | $39.0m | $48.0m | $41.0m | |
| Deferred Income Tax Expense (Benefit) | $44.7m | $21.4m | $23.2m | $100.8m | $219.3m | ($13.0m) | ($3.0m) | ($187.0m) | ($411.0m) | ($63.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $32.7m | $36.0m | $36.3m | $32.0m | $29.4m | $31.0m | $29.0m | $47.0m | $54.0m | $61.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $12.0m | $11.0m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | $54.0m | $61.0m | |
| Goodwill, Impairment Loss | $0 | $0 | — | — | $0 | $0 | $0 | $2.4b | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | $0 | $0 | — | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | — | $794.0m | $1.1b | $180.0m | |
| Gain (Loss) on Disposition of Assets | — | — | — | $7.4m | — | — | $2.0m | — | — | — | |
| Gain (Loss) on Disposition of Business | — | $0 | — | — | — | — | ($159.0m) | ($2.1b) | $121.0m | $0 | |
| Income Tax Expense (Benefit) | $281.7m | $202.0m | $135.3m | $128.3m | $76.7m | $210.0m | $176.0m | $29.0m | ($260.0m) | ($21.0m) | |
| Operating Lease, Lease Income | — | — | — | $9.5m | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | ($326.8m) | ($451.9m) | ($30.0m) | $55.8m | $411.1m | $284.0m | ($348.0m) | $721.0m | ($282.0m) | ($171.0m) | |
| Bank Owned Life Insurance Income | $31.0m | $27.1m | $28.3m | $28.4m | $31.8m | $29.0m | $32.0m | $43.0m | $42.0m | $49.0m | |
| Increase (Decrease) in Other Operating Liabilities | ($4.3m) | $23.3m | ($53.3m) | $10.6m | $8.6m | ($6.0m) | ($100.0m) | ($255.0m) | ($769.0m) | ($608.0m) | |
| Gain (Loss) on Sales of Loans, Net | — | $82.0m | — | — | — | — | $5.0m | — | $48.0m | $32.0m | |
| Parent Company | $330.8m | $332.1m | $333.1m | $317.4m | $315.6m | $316.0m | $317.0m | $486.0m | $53.0m | $15.0m | |
| Debt and Equity Securities, Gain (Loss) | — | — | ($2.0m) | $7.7m | — | — | — | ($1.0m) | — | $31.0m | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | — | $1.3m | — | ($2.0m) | — | — | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | — | — | $0 | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | $582k | $0 | ($2.0m) | ($1.0m) | $0 | $31.0m | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | ($33.1m) | ($19.2m) | ($224k) | — | — | — | — | $43.0m | $47.0m | $26.0m | |
| Gain (Loss) on Sale of Mortgage Loans | — | $7.4m | — | — | — | — | — | — | $89.0m | — | |
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | — | — | — | $89.0m | $48.0m | — | |
| General and Administrative Expense | — | — | — | — | — | — | — | $750.0m | $809.0m | $307.0m | |
| Goodwill | $2.4b | $2.4b | $2.4b | $2.4b | $2.4b | $2.4b | $2.4b | $0 | $0 | — | |
| Noncash Merger Related Costs | $11.1m | — | — | — | — | $23.0m | $75.0m | — | $106.0m | $56.0m | |
| Operating Costs and Expenses | — | — | — | — | — | — | — | $2.1b | $2.6b | $1.9b | |
| Operating Expenses | $638.1m | $641.2m | $546.6m | $511.2m | — | $518.0m | $604.0m | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | $18.3m | $7.1m | $62.2m | $3.0m | $133.0m | $833.0m | $1.1b | $184.0m | |
| Real Estate Tax Expense | $5.0m | $5.0m | — | — | — | — | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | ($12.2m) | ($6.0m) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $755.7m | $1.3b | $540.4m | $509.8m | $334.2m | $290.0m | $1.0b | $263.0m | $86.0m | ($181.0m) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $84.2m | $27.8m | $9.8m | $9.3m | $1.3m | $4.0m | $3.0m | $66.0m | $36.0m | $67.0m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | — | ($19.0m) | |
| Net Cash Provided by (Used in) Investing Activities | $1.2b | $1.1b | ($4.0b) | ($2.1b) | ($1.0b) | ($2.8b) | ($6.3b) | $20.7b | $15.5b | $2.7b | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $50.2m | $387.8m | $817.8m | $2.0b | $2.1b | $1.7b | $732.0m | $1.4b | $2.1b | $2.5b | |
| Proceeds from Issuance of Long-term Debt | $1.2b | — | $5.7b | $4.8b | $6.9b | $2.1b | $9.5b | $19.9b | $28.2b | $4.0b | |
| Repayments of Long-term Debt | — | — | $4.4b | $5.5b | $6.5b | $2.5b | $14.0b | $19.4b | $30.8b | $6.5b | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | — | $0 | $0 | $1.0b | $0 | |
| Payments for Repurchase of Common Stock | $8.7m | $18.5m | $160.8m | $67.1m | $50.2m | — | $7.0m | $0 | $0 | — | |
| Payments of Ordinary Dividends, Common Stock | $330.8m | $332.1m | $333.1m | $317.4m | $315.6m | $316.0m | $317.0m | $486.0m | $53.0m | $15.0m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | — | $80.0m | |
| Net Cash Provided by (Used in) Financing Activities | ($2.0b) | ($418.1m) | $2.4b | $816.1m | $1.9b | $2.7b | $5.2b | ($11.4b) | ($11.6b) | ($12.1b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $2.0b | ($1.1b) | ($733.1m) | $1.2b | $263.0m | ($129.0m) | $9.5b | $4.0b | ($9.6b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $2.0b | ($1.1b) | $741.9m | $1.9b | $2.2b | $2.1b | $11.6b | $15.6b | $6.0b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $382.1m | $447.5m | $645.6m | $813.2m | $632.7m | $402.0m | $657.0m | $2.3b | $3.7b | $2.9b | |
| Income Taxes Paid, Net | $180.2m | $217.7m | $44.1m | $75.7m | $117.9m | $471.0m | $17.0m | — | — | $13.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.