← FIRST HAWAIIAN, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $230.2m | $183.7m | $264.4m | $284.4m | $185.8m | $265.7m | $265.7m | $235.0m | $230.1m | $276.3m | — | |
| Depreciation, Depletion and Amortization | $14.8m | $15.3m | $15.3m | $14.5m | $16.0m | $15.8m | $15.3m | $13.6m | $13.8m | $16.1m | $31.6m | |
| Depreciation, Amortization and Accretion, Net | $52.2m | $62.0m | $54.9m | $67.8m | $63.1m | $51.8m | $56.7m | $42.8m | $38.0m | $33.6m | $31.6m | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | $8.6m | — | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $56.7m | $42.8m | $38.0m | $33.6m | $31.6m | |
| Deferred Income Tax Expense (Benefit) | $3.3m | $58.9m | ($3.6m) | $17.1m | ($19.4m) | $14.1m | $22.1m | ($13.7m) | ($11.3m) | ($337k) | $10.7m | |
| Deferred Tax | — | — | — | — | — | — | $22.1m | ($13.7m) | ($11.3m) | ($337k) | $10.7m | |
| Share-based Payment Arrangement, Noncash Expense | $4.5m | $5.3m | $6.2m | $7.8m | $10.0m | $13.1m | $10.3m | $9.6m | $11.9m | $15.9m | $16.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $136k | $53k | $1.8m | $1.7m | $3.1m | $3.6m | $3.2m | $2.8m | $4.1m | — | |
| Share-based Payment Arrangement, Expense | $4.5m | $3.1m | $6.9m | $7.8m | $10.0m | $13.1m | $10.3m | $9.6m | $11.9m | $15.9m | $16.2m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | ($2.7m) | ($114k) | $102k | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $72.0m | ($39.6m) | $10.9m | ($13.5m) | ($25.5m) | |
| Increase (Decrease) in Other Operating Assets | $49.7m | $42.4m | ($11.9m) | $20.9m | $17.9m | $8.2m | ($18.5m) | $40.2m | ($18.1m) | ($21.8m) | — | |
| Increase (Decrease) in Other Operating Liabilities | ($1.8m) | ($9.1m) | ($27.1m) | ($76.3m) | ($114.6m) | $110.6m | $53.5m | $559k | ($7.2m) | ($35.4m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $18.5m | ($40.2m) | $18.1m | $21.8m | $17.0m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $53.5m | $559k | ($7.2m) | ($35.4m) | ($42.5m) | |
| Net Cash Provided by (Used in) Operating Activities | $219.9m |
$269.8m
+22.65%
|
$351.4m
+30.26%
|
$296.5m
-15.63%
|
$209.5m
-29.34%
|
$417.1m
+99.10%
|
$430.6m
+3.23%
|
$255.0m
-40.78%
|
$317.5m
+24.50%
|
$335.1m
+5.53%
|
$334.9m
-0.06%
|
|
| Cash flows from investing activities: | ||||||||||||
| Equipment Expense | $16.9m | $17.2m | $17.7m | $17.3m | $20.3m | $24.7m | $34.5m | $45.1m | $53.9m | $56.3m | — | |
| Capital Expenditure | — | — | — | — | — | — | ($13.3m) | ($16.0m) | ($28.8m) | ($31.8m) | ($22.2m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $1.2b | $888.7m | $810.3m | — | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | ($2.7m) | ($114k) | $102k | — | $792k | ($26.2m) | $37k | — | |
| Payments for (Proceeds from) Other Investing Activities | ($94k) | $2.0m | $2.8m | — | ($186k) | — | $4.7m | ($34k) | ($104k) | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($4.3m) | $8.5m | $8.5m | ($525k) | $3.9m | |
| Net Cash Provided by (Used in) Investing Activities | ($1.9b) | ($971.1m) | ($257.8m) | $375.2m | ($2.1b) | ($2.4b) | ($965.1m) | $1.0b | $548.6m | $264.1m | ($177.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | $9k | $200.0m | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $600.0m | — | — | — | — | — | — | — | $0 | |
| Issuance Of Debt | — | — | — | — | — | — | $75.0m | $500.0m | $250.0m | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $500.0m | $0 | $0 | $0 | |
| Long Term Debt Payments | — | — | — | — | — | ($200.0m) | $0 | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $75.0m | $425.0m | ($250.0m) | ($250.0m) | ($250.0m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $75.0m | ($75.0m) | ($250.0m) | ($250.0m) | ($250.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | ($75.0m) | ($500.0m) | ($250.0m) | ($250.0m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $75.0m | $0 | $250.0m | $0 | $0 | |
| Short Term Debt Payments | — | — | — | — | — | — | $0 | ($75.0m) | ($500.0m) | ($250.0m) | ($250.0m) | |
| Payments for Repurchase of Common Stock | — | — | $131.8m | $136.2m | $5.0m | $75.0m | $9.5m | — | $40.0m | $100.0m | — | |
| Payments of Ordinary Dividends, Common Stock | $85.8m | $122.8m | $131.0m | $138.2m | $135.1m | $134.1m | $132.6m | $132.6m | $132.8m | $131.0m | ($129.2m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($132.6m) | ($132.6m) | ($132.8m) | ($131.0m) | ($129.2m) | |
| Common Stock Payments | — | — | — | — | — | — | ($9.5m) | $0 | ($40.0m) | ($100.0m) | ($82.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($9.5m) | $0 | ($40.0m) | ($100.0m) | ($82.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($9.5m) | $0 | ($40.0m) | ($100.0m) | ($82.0m) | |
| Other Interest and Dividend Income | $7.1m | $5.8m | $9.1m | $12.2m | $4.4m | $3.4m | $10.9m | $27.8m | $50.4m | $58.2m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($132.6m) | ($132.6m) | ($132.8m) | ($131.0m) | ($129.2m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($3.6m) | ($3.2m) | ($2.8m) | ($4.4m) | ($5.6m) | |
| Net Cash Provided by (Used in) Financing Activities | $78.6m |
$683.9m
+770.08%
|
($124.6m)
-118.22%
|
($981.3m)
-687.52%
|
$2.2b
+328.38%
|
$2.2b
-2.88%
|
($197.4m)
-109.07%
|
($66.9m)
+66.09%
|
($1.4b)
-2045.34%
|
($291.6m)
+79.69%
|
($543.6m)
-86.42%
|
|
| Beginning Cash Position | — | — | — | — | — | — | $1.3b | $526.6m | $1.7b | $1.2b | $1.4b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $1.3b | $526.6m | $1.7b | $1.2b | $1.5b | $1.0b | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Bank Owned Life Insurance Income | $15.0m | $13.3m | $9.2m | $15.5m | $15.8m | $13.2m | — | — | — | — | — | |
| Gain (Loss) on Sales of Loans, Net | — | $16k | $199k | ($1.1m) | $19.0m | $2.7m | ($164k) | — | — | — | — | |
| Parent Company | $85.8m | $122.8m | $131.0m | $138.2m | $135.1m | $134.1m | $132.6m | $132.6m | $132.8m | $131.0m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $25.9m | $36.6m | $80.4m | $102.5m | $52.9m | $23.0m | $44.3m | $262.2m | $362.5m | $293.3m | — | |
| Income Taxes Paid, Net | $190.4m | $145.1m | $43.0m | $70.5m | $53.3m | $55.4m | $24.7m | $54.0m | $36.3m | ($341k) | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Assets | — | $6.9m | — | — | — | — | — | — | — | — | — | |
| Goodwill | $995.5m | $995.5m | $995.5m | $995.5m | $995.5m | $995.5m | $995.5m | $995.5m | $995.5m | $995.5m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | $265.7m | $235.0m | $230.1m | $276.3m | — | |
| Income Tax Expense (Benefit) | $141.7m | $184.7m | $93.8m | $97.3m | $58.0m | $83.3m | $85.5m | $74.2m | $62.5m | $78.0m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | $1.4m | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($197.4m) | ($66.9m) | ($1.4b) | ($291.6m) | ($543.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($965.1m) | $1.0b | $548.6m | $264.1m | ($177.8m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($731.8m) | $1.2b | ($569.7m) | $307.6m | — | |
| Changes In Cash | — | — | — | — | — | — | ($731.8m) | $1.2b | ($569.7m) | $307.6m | ($386.5m) | |
| End Cash Position | — | — | — | — | — | — | $526.6m | $1.7b | $1.2b | $1.5b | $1.0b | |
| Financing Cash Flow | — | — | — | — | — | — | ($197.4m) |
($66.9m)
+66.09%
|
($1.4b)
-2045.34%
|
($291.6m)
+79.69%
|
($543.6m)
-86.42%
|
|
| Free Cash Flow | — | — | — | — | — | — | $417.3m | $239.0m | $288.7m | $303.3m | $312.7m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $0 | ($792k) | $26.2m | ($37k) | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($965.1m) | $1.0b | $548.6m | $264.1m | ($177.8m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $185.1m | $1.3b | $599.9m | $206.2m | $58.5m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $4.0m | ($7.5m) | ($28.8m) | ($31.8m) | ($22.2m) | |
| Operating Gains Losses | — | — | — | — | — | — | $164k | ($792k) | $26.2m | ($37k) | ($37k) | |
| Other Non Cash Items | — | — | — | — | — | — | $2.4m | ($4.9m) | ($3.0m) | ($4.4m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $379k | $308k | $245k | $275k | $397k | |
| Purchase Of Investment | — | — | — | — | — | — | ($1.0b) | ($133.2m) | ($333.8m) | ($464.7m) | ($597.0m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($13.3m) | ($16.0m) | ($28.8m) | ($31.8m) | ($22.2m) | |
| Sale Of Investment | — | — | — | — | — | — | $1.2b | $1.4b | $933.8m | $671.0m | $655.5m | |
| Sale Of PPE | — | — | — | — | — | — | $17.3m | $8.5m | $0 | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $10.3m | $9.6m | $11.9m | $15.9m | $16.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.