XML 266 R239.htm IDEA: XBRL DOCUMENT v3.22.4
Popular, Inc. (Holding company only) financial information (Statement of Cash Flows) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 1,102,641 $ 934,889 $ 506,622
Net (decrease) increase in:      
Provision for credit losses (benefit) 83,030 (193,464) 292,536
Amortization of intangibles 3,275 9,134 6,397
Net accretion of discounts and amortization of premiums and deferred fees 29,120 (21,962) (63,300)
Share-based compensation 16,727 17,774 8,254
Earnings from investments under the equity method, net of dividends or distributions (29,522) (50,942) (27,738)
Disposition of stock as part of the Evertec Transactions (240,412) 0 0
Sale of foreclosed assets, including write-downs (33,008) (30,098) (19,958)
Net (increase) decrease in:      
Equity securities (54) 2,336 8,263
Interest payable 6,061 (5,395) (5,404)
Other liabilities (20,724) 22,802 (106,736)
Total adjustments (88,103) 70,269 172,150
Net cash provided by operating activities 1,014,538 1,005,158 678,772
Cash flows from investing activities:      
Net decrease (increase) in money market investments 11,922,703 (5,895,789) (8,378,577)
Proceeds from calls, paydowns, maturities and redemptions of investment securities held-to-maturity 9,826 15,700 6,733
Return of capital from equity method investments 681 6,362 959
Acquisition of premises and equipment 103,789 72,781 60,073
Proceeds from sale of premises and equipment 10,305 21,482 26,548
Proceeds from sale of foreclosed assets 107,203 86,942 77,521
Net cash provided by (used in) investing activities 5,350,200 (10,518,650) (13,068,146)
Cash flows from financing activities:      
Repayments Of Notes Payable 103,147 237,713 139,920
Proceeds from issuance of common stock 5,837 4,674 9,093
Payments for repurchase of redeemable preferred stock 0 0 (28,017)
Dividends paid (161,516) (141,466) (133,645)
Net payments for repurchase of common stock (631,893) (350,535) (500,479)
Payments related to tax witholding for share-based compensation 5,771 5,115 3,693
Net cash used in financing activities (6,323,091) 9,450,910 12,492,145
Net increase in cash and due from banks, and restricted cash 41,647 (62,582) 102,771
Cash and due from banks and restricted cash at beginning of period 434,512 497,094 394,323
Cash and due from banks and restricted cash at end of period 476,159 434,512 497,094
Popular, Inc. Holding Co.      
Cash flows from operating activities:      
Net income 1,102,641 934,889 506,622
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in (earnings) losses of subsidiaries, net of dividends or distributions (526,603) (151,737) 65,944
Net (decrease) increase in:      
Provision for credit losses (benefit) 274 (215) 95
Amortization of intangibles 0 5,656 98
Net accretion of discounts and amortization of premiums and deferred fees 1,250 1,241 1,233
Share-based compensation 9,440 8,895 5,770
Earnings from investments under the equity method, net of dividends or distributions (14,170) (26,360) (15,510)
Disposition of stock as part of the Evertec Transactions (137,813) 0 0
Sale of foreclosed assets, including write-downs 0 59 0
Net (increase) decrease in:      
Equity securities (339) (3,662) (5,305)
Other assets (1,952) (1,970) (8,327)
Interest payable 0 (1,042) 0
Other liabilities 8,257 19,095 2,470
Total adjustments (661,656) (150,040) 46,468
Net cash provided by operating activities 440,985 784,849 553,090
Cash flows from investing activities:      
Net decrease (increase) in money market investments 129,000 (94,000) 110,000
Proceeds from calls, paydowns, maturities and redemptions of investment securities held-to-maturity 0 5,601 0
Net repayments on other loans 1,267 1,879 587
Capital contribution to subsidiaries (54,188) (12,900) (10,000)
Return of capital from wholly owned subsidiaries 72,000 0 12,500
Return of capital from equity method investments 0 0 131
Proceeds from Everte Stock Sale 219,883 0 0
Acquisition of premises and equipment (2,224) (1,788) (2,667)
Proceeds from sale of premises and equipment 1,678 83 285
Proceeds from sale of foreclosed assets 0 87 0
Net cash provided by (used in) investing activities 367,416 (101,038) 110,836
Cash flows from financing activities:      
Repayments Of Notes Payable 0 (186,664) 0
Proceeds from issuance of common stock 13,479 10,493 15,175
Payments for repurchase of redeemable preferred stock 0 0 (28,017)
Dividends paid (161,516) (141,466) (133,645)
Net payments for repurchase of common stock (631,965) (350,656) (500,705)
Payments related to tax witholding for share-based compensation (5,771) (5,107) (3,394)
Net cash used in financing activities (785,773) (673,400) (650,586)
Net increase in cash and due from banks, and restricted cash 22,628 10,411 13,340
Cash and due from banks and restricted cash at beginning of period 80,305 69,894 56,554
Cash and due from banks and restricted cash at end of period $ 102,933 $ 80,305 $ 69,894