Parent Company Only Financial Statements Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2020

Balance Sheets

(In thousands)


	December 31,
	2020		2019
Assets
Cash and cash equivalents	$	183,805	$	214,779

Loan to bank subsidiary	65,204		65,220
Investment in bank subsidiaries	5,079,336		4,602,977
Investment in non-bank subsidiaries	195,768		216,542
Other assets	24,338		38,082
Total assets	$	5,548,451	$	5,137,600

Liabilities and Shareholders’ Equity
Liabilities:
Other liabilities	$	6,180	$	5,882
Subordinated debentures	276,005		275,923
Total liabilities	282,185		281,805
Shareholders’ equity:
Common stock	5		5
Capital surplus	1,368,062		1,350,995
Retained earnings	3,973,675		3,729,778
Treasury stock	(411,344)		(329,906)
Accumulated other comprehensive income	335,868		104,923
Total shareholders’ equity	5,266,266		4,855,795
Total liabilities and shareholders’ equity	$	5,548,451	$	5,137,600

Statements of Earnings

(In thousands)


	Year Ended December 31,
	2020		2019		2018
Dividends, interest and fees received from bank subsidiaries	$	179,140	$	344,007	$	426,071
Dividends, interest and fees received from non-bank subsidiaries	25,050		9,325		12,800
Other revenue	907		1,036		954

Total revenue	205,097		354,368		439,825
Interest expense	13,944		15,113		9,827
Other operating expense	2,697		2,352		12,110
Total expense	16,641		17,465		21,937
Net income before taxes, other losses, net, and equity in undistributed income of subsidiaries	188,456		336,903		417,888
Other gains (losses), net	1,465		3,310		(3,921)
Net income before taxes and equity in undistributed income of subsidiaries	189,921		340,213		413,967
Federal and state income taxes	(4,502)		(4,516)		(7,078)
Net income before equity in undistributed income of subsidiaries	194,423		344,729		421,045
Equity in undistributed income of bank subsidiaries	276,217		166,797		37,515
Equity in undistributed income of non-bank subsidiaries	(35,610)		(10,768)		(12,914)
Net income attributable to BOK Financial Corp. shareholders	$	435,030	$	500,758	$	445,646

Statements of Cash Flows

(In thousands)


	Year Ended December 31,
	2020		2019		2018
Cash Flows From Operating Activities:
Net income	$	435,030	$	500,758	$	445,646
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of bank subsidiaries	(276,217)		(166,797)		(37,515)
Equity in undistributed income of non-bank subsidiaries	35,610		10,768		12,914
Change in other assets	13,760		(5,075)		(1,072)
Change in other liabilities	850		855		(13,434)
Net cash provided by operating activities	209,033		340,509		406,539
Cash Flows From Investing Activities:
Investment in subsidiaries	(14,807)		(19,837)		(31,901)
Acquisitions, net of cash acquired	—		—		(232,680)
Net cash used in investing activities	(14,807)		(19,837)		(264,581)
Cash Flows From Financing Activities:
Issuance of common and treasury stock, net	(4,933)		(7)		(88)
Dividends paid	(144,437)		(143,496)		(127,188)
Repurchase of common stock	(75,830)		(129,483)		(53,465)
Net cash used in financing activities	(225,200)		(272,986)		(180,741)
Net increase (decrease) in cash and cash equivalents	(30,974)		47,686		(38,783)
Cash and cash equivalents at beginning of period	214,779		167,093		205,876
Cash and cash equivalents at end of period	$	183,805	$	214,779	$	167,093
Cash paid for interest	$	14,064	$	15,099	$	11,457