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International Bancshares Corporation (Parent Company Only) Financial Information Statements of Cash Flows
12 Months Ended
Dec. 31, 2013
International Bancshares Corporation (Parent Company Only) Financial Information Statements of Cash Flows  
International Bancshares Corporation (Parent Company Only) Financial Information Statements of Cash Flows

(24) International Bancshares Corporation (Parent Company Only) Financial Information


Statements of Cash Flows
(Parent Company Only)

Years ended December 31, 2013, 2012 and 2011
(Dollars in Thousands)

 
  2013   2012   2011  

Operating activities:

                   

Net income

  $ 126,351   $ 107,835   $ 127,149  

Adjustments to reconcile net income to net cash provided by operating activities:

                   

Accretion of junior subordinated interest deferrable debentures

            9  

Investment securities transactions, net

            2  

Impairment charges on available for sale securities

    754          

Stock compensation expense

    414     474     387  

(Decrease) increase in other liabilities

    (969 )   6,711     (3,234 )

Equity in (undistributed) distributed net income of subsidiaries

    (93,089 )   119,181     (78,806 )
               

Net cash provided by operating activities

    33,461     234,201     45,507  
               

Investing activities:

                   

Principal collected on mortgage-backed securities

    1,207     1,985     1,355  

Net decrease (increase) in notes receivable

    96     86     (245 )

Decrease (increase) in other assets and other investments

    432     6,418     (4,193 )
               

Net cash provided by (used in) investing activities

    1,735     8,489     (3,083 )
               

Financing activities:

                   

Repayment of trust preferred securities

            (10,400 )

Redemption of preferred shares

        (216,000 )    

Proceeds from stock transactions

    265     51     113  

Payments of cash dividends—common

    (28,894 )   (26,894 )   (25,648 )

Payments of cash dividends—preferred

        (10,260 )   (10,800 )

Purchase of treasury stock

        (1,716 )   (6,435 )
               

Net cash used in financing activities

    (28,629 )   (254,819 )   (53,170 )
               

Increase (decrease) in cash

    6,567     (12,129 )   (10,746 )

Cash at beginning of year

   
1,539
   
13,668
   
24,414
 
               

Cash at end of year

  $ 8,106   $ 1,539   $ 13,668