Annual Report 2018 - Page 20

CONSOLIDATED STATEMENTS OF CASH FLOWS FCS Financial, ACA (in thousands) 2018 2017 2016 $81,721 1,530 (30) 115 -- -- -- $70,142 1,601 (159) 72 -- -- (14) $61,566 1,524 (62) -- 1,000 (5) (577) (7,675) (5,187) 5,252 6,262 (5,128) (4,096) 2,751 (5,438) (5,181) (3,177) 2,135 1,273 81,988 59,731 58,496 (253,591) (3,881) (516) -- (387) (158,810) (1,946) (1,529) 1,081 (21) (208,071) (1,600) (2,993) 2,760 (6,347) (258,375) (161,225) (216,251) Cash flows from financing activities Increase in note payable to AgriBank, FCB, net Patronage distributions paid Capital stock and participation certificates retired, net 198,569 (21,756) (426) 114,495 (12,512) (489) 170,667 (12,512) (400) Net cash provided by financing activities 176,387 101,494 157,755 -- -- -- -- -- -- $ -- $ -- $ -- $834 703 3 3,025 258 24,010 $824 699 3 2,126 -- 21,763 $884 737 6 1,572 2,740 12,515 $74,118 321 $60,031 543 $51,582 664 For the year ended December 31 Cash flows from operating activities Net income Depreciation on premises and equipment Gain on sale of premises and equipment, net Amortization of premiums on loans Provision for loan losses Stock patronage received from Farm Credit Institutions Gain on other property owned, net Changes in operating assets and liabilities: Increase in accrued interest receivable Increase in other assets Increase in accrued interest payable Increase (decrease) in other liabilities Net cash provided by operating activities Cash flows from investing activities Increase in loans, net Purchases of investment in AgriBank, FCB, net Purchases of investment in other Farm Credit Institutions, net Proceeds from sales of other property owned Purchases of premises and equipment, net Net cash used in investing activities Net change in cash Cash at beginning of year Cash at end of year Supplemental schedule of non-cash activities Stock financed by loan activities Stock applied against loan principal Stock applied against interest Interest transferred to loans Loans transferred to other property owned Patronage distributions payable to members Supplemental information Interest paid Taxes paid, net The accompanying notes are an integral part of these Consolidated Financial Statements. 17