← UNITED BANKSHARES INC/WV
| 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 | — | — | — | — | — | — | $379.6m | $366.3m | $373.0m | $464.6m | |
| Net Income (Loss) Attributable to Parent | $147.1m | $150.6m | $256.3m | $260.1m | $289.0m | $367.7m | $379.6m | $366.3m | $373.0m | $464.6m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $146.8m | $150.3m | $255.9m | $259.5m | $288.3m | $366.7m | $378.6m | $365.4m | $372.2m | $463.6m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $256.3m | $260.1m | $289.0m | $367.7m | $379.6m | $366.3m | $373.0m | $464.6m | |
| Depreciation, Amortization and Accretion, Net | ($8.7m) | ($21.6m) | ($21.1m) | ($20.5m) | — | — | $18.2m | $17.2m | $15.7m | $16.8m | |
| Amortization | $136k | $122k | $102k | $141k | $251k | $331k | $343k | $310k | $310k | $328k | |
| Amortization of Intangible Assets | $3.9m | $7.8m | $8.0m | $7.0m | $6.6m | $5.9m | $5.5m | $5.1m | $3.6m | $9.4m | |
| Depreciation | $7.9m | $8.9m | $10.3m | $9.3m | $13.5m | $16.6m | $18.2m | $17.2m | $15.7m | $16.8m | |
| Depreciation, Nonproduction | — | — | — | — | $13.5m | $16.6m | $18.2m | $17.2m | $15.7m | $16.8m | |
| Amortization Cash Flow | — | — | — | — | — | — | $5.4m | $5.9m | ($5.3m) | ($29.9m) | |
| Amortization Of Intangibles | — | — | — | — | — | — | $5.4m | $5.9m | ($5.3m) | ($29.9m) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $23.7m | $23.1m | $10.4m | ($13.1m) | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | $16.6m | |
| Deferred Income Tax | — | — | — | — | — | — | $6.9m | ($2.9m) | ($3.4m) | $16.6m | |
| Deferred Tax | — | — | — | — | — | — | $6.9m | ($2.9m) | ($3.4m) | $16.6m | |
| Share-based Payment Arrangement, Noncash Expense | $2.8m | $3.6m | $4.1m | $4.9m | $6.0m | $8.0m | $9.9m | $12.5m | $12.1m | $13.1m | |
| Share-based Payment Arrangement, Expense | $2.8m | $3.6m | $4.1m | $4.9m | $6.0m | $8.0m | $9.9m | $12.5m | $12.1m | $13.1m | |
| Asset Impairment Charge | — | — | — | — | — | — | $1.1m | $945k | $219k | $55k | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($5.2m) | ($4.8m) | $772k | ($3.9m) | ($1.2m) | ($460k) | ($457k) | ($345k) | ($322k) | ($97k) | |
| Income Tax Expense (Benefit) | $75.6m | $134.2m | $70.8m | $64.3m | $70.7m | $95.1m | $96.2m | $97.5m | $91.6m | $118.8m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $5.9m | ($32.9m) | ($11.8m) | $23.4m | ($46.3m) | ($42.7m) | ($57.4m) | $3.6m | ($2.1m) | $12.5m | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | — | $25.2m | $53.9m | |
| Bank Owned Life Insurance Income | $5.8m | $5.1m | $5.0m | $7.3m | $7.2m | $6.8m | $9.2m | $8.3m | $11.2m | $13.2m | |
| Increase (Decrease) in Other Operating Liabilities | ($4.1m) | ($2.2m) | $9.1m | $20.2m | ($8.6m) | ($13.0m) | $3.9m | $18.8m | $2.6m | ($17.5m) | |
| Gain (Loss) on Sales of Loans, Net | $3.5m | $58.9m | $58.1m | $77.0m | $266.1m | $161.1m | $41.3m | $25.9m | $16.1m | $9.6m | |
| Proceeds from Stock Options Exercised | $13.3m | $4.6m | $1.5m | $1.3m | $1.2m | $5.2m | $10.3m | $1.8m | $5.3m | $751k | |
| Equipment Expense | $8.6m | $10.5m | $13.8m | $14.2m | $20.9m | $26.0m | $29.3m | $29.7m | $29.7m | $34.9m | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | — | ($7.7m) | $11.2m | |
| Gain (Loss) on Sale of Properties | $0 | — | $2.8m | $0 | $2.2m | $0 | $0 | — | — | — | |
| Goodwill | $863.8m | $1.5b | $1.5b | $1.5b | $1.8b | $1.9b | $1.9b | $1.9b | $1.9b | $2.0b | |
| Pension Cost (Reversal of Cost) | — | — | — | — | — | — | — | $159k | $10k | ($2.3m) | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $1.7m | — | $4.2b | $2.0m | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $3.8b | $1.2b | $1.6b | $2.3b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $105.3m | ($51.9m) | ($323.6m) | $650.4m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.4b) | $39.0m | $571.5m | ($899.3m) | |
| Change In Accrued Expense | — | — | — | — | — | — | $3.9m | $18.8m | $2.6m | ($17.5m) | |
| Change In Other Current Assets | — | — | — | — | — | — | $57.4m | ($3.6m) | $2.1m | ($12.5m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $3.9m | $18.8m | $2.6m | ($17.5m) | |
| Change In Receivables | — | — | — | — | — | — | ($30.4m) | ($16.5m) | $9.0m | ($6.8m) | |
| Change In Working Capital | — | — | — | — | — | — | $30.9m | ($1.4m) | $13.7m | ($36.7m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($30.4m) | ($16.5m) | $9.0m | ($6.8m) | |
| Changes In Cash | — | — | — | — | — | — | ($2.6b) | $422.3m | $693.3m | $250.0m | |
| End Cash Position | — | — | — | — | — | — | $1.2b | $1.6b | $2.3b | $2.5b | |
| Excess Tax Benefit From Stock Based Compensation | — | — | — | — | — | — | $1.0m | $128k | $258k | $83k | |
| Financing Cash Flow | — | — | — | — | — | — | $105.3m | ($51.9m) | ($323.6m) | $650.4m | |
| Free Cash Flow | — | — | — | — | — | — | $744.0m | $423.6m | $433.3m | $481.2m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($776k) | $7.6m | $7.7m | ($11.2m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $457k | ($8.0m) | ($6.8m) | $97k | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.4b) | $39.0m | $571.5m | ($899.3m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $0 | $77.5m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $0 | $23.4m | $12.5m | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($16.0m) | ($9.1m) | ($12.0m) | ($16.3m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($43.2m) | ($26.0m) | ($15.1m) | ($22.9m) | |
| Other Non Cash Items | — | — | — | — | — | — | $332.1m | $31.4m | $29.1m | $23.3m | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | ($1.6m) | $159k | $10k | ($2.3m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $10.3m | $1.8m | $5.3m | $751k | |
| Purchase Of PPE | $7.3m | $14.4m | $5.8m | $11.1m | $19.0m | $15.4m | ($16.9m) | ($11.7m) | ($12.1m) | ($17.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($79.5m) | ($1.4m) | ($1.0m) | ($127.0m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $0 | $77.5m | |
| Sale Of Intangibles | — | — | — | — | — | — | $0 | $23.4m | $12.5m | $0 | |
| Sale Of PPE | — | — | — | — | — | — | $902k | $2.5m | $101k | $1.4m | |
| Stock Based Compensation | — | — | — | — | — | — | $9.9m | $12.5m | $12.1m | $13.1m | |
| Derivative, Gain (Loss) on Derivative, Net | — | ($7.4m) | ($4.7m) | $6.8m | $14.8m | ($20.6m) | ($2.7m) | $22.7m | $21.3m | $9.4m | |
| Net Cash Provided by (Used in) Operating Activities | $166.7m | $253.9m | $292.5m | $147.7m | $140.4m | $609.5m | $760.8m | $435.2m | $445.5m | $498.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $7.3m | $14.4m | $5.8m | $11.1m | $19.0m | $15.4m | $16.9m | $11.7m | $12.1m | $17.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | ($29.3m) | ($44.5m) | $0 | $0 | ($629.1m) | ($39.4m) | $0 | $0 | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($1.1b) | $819.9m | $882.9m | $74.4m | |
| Purchase Of Investment | — | — | — | — | — | — | ($1.7b) | ($288.0m) | ($2.2b) | ($2.2b) | |
| Sale Of Investment | — | — | — | — | — | — | $587.4m | $1.1b | $3.1b | $2.3b | |
| Payments for (Proceeds from) Other Investing Activities | $72.1m | $74.1m | $57.2m | $129.7m | $137.4m | $34.8m | $99.4m | $178.5m | $136.4m | $58.8m | |
| Net Other Investing Changes | — | — | — | — | — | — | $22.5m | $5.8m | $6.2m | $5.9m | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($871.5m) | ($379.0m) | $137.6m | $15.7m | ($3.4b) | $39.0m | $571.5m | ($899.3m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $410.6m | $439.2m | $270.8m | $337.8m | $516.0m | $679.1m | $575.3m | $770.4m | $2.5b | $2.3b | |
| Issuance Of Debt | — | — | — | — | — | — | $1.9b | $1.5b | $250.0m | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $1.9b | $1.5b | $250.0m | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $1.4b | ($410.2m) | ($1.2b) | ($30.6m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $1.4b | ($410.2m) | ($1.2b) | ($30.6m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($520.0m) | ($1.9b) | ($1.5b) | ($30.6m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($520.0m) | ($1.9b) | ($1.5b) | ($30.6m) | |
| Proceeds from Issuance of Common Stock | $199.9m | $0 | $0 | — | — | — | — | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($79.5m) | ($1.4m) | ($1.0m) | ($127.0m) | |
| Payments for Repurchase of Common Stock | $1k | $1k | $100.7m | $35.7m | $21.3m | $11.2m | $79.5m | $1.4m | $1.0m | $127.0m | |
| Common Stock Payments | — | — | — | — | — | — | ($79.5m) | ($1.4m) | ($1.0m) | ($127.0m) | |
| Dividends paid | $96 | $121 | $142 | $139 | $163 | $181 | $193 | $195 | $201 | $209 | |
| Payments of Dividends | $96 | $121 | $142 | $139 | $163 | $181 | $193 | $195 | $201 | $209 | |
| Cash Dividends Paid | — | — | — | — | — | — | ($193.0m) | ($194.7m) | ($200.7m) | ($209.0m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($193.0m) | ($194.7m) | ($200.7m) | ($209.0m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($66.8m) | $48.5m | $1.1b | $923.9m | $105.3m | ($51.9m) | ($323.6m) | $650.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $1.2b | $1.6b | $2.3b | $2.5b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($2.6b) | $422.3m | $693.3m | $250.0m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $124.7m | $182.5m | $115.3m | $54.6m | $98.2m | $468.1m | $590.6m | $581.6m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $93.7m | $105.5m | $86.2m | $114.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.