Luther Burbank Corp (LBC)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2022 | 12-2021 | 12-2020 | 12-2019 | 12-2018 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 80,198 | 87,753 | 39,912 | 48,861 | 45,060 |
| Depreciation Amortization | 16,033 | 24,434 | 22,210 | 18,756 | 14,901 |
| Income taxes - deferred | 2,344 | -778 | -4,483 | 1,059 | -1,868 |
| Other Working Capital | -18,065 | 2,735 | -7,624 | 2,989 | -8,105 |
| Loans | 1,353 | 344 | N/A | -607 | -140 |
| Other Operating Activity | 3,061 | -7,767 | 14,988 | 6,709 | 9,112 |
| Operating Cash Flow | $84,924 | $106,721 | $65,003 | $77,767 | $58,960 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -520 | -434 | -1,407 | -2,261 | -1,477 |
| Purchase Of Investment | -156,861 | -216,728 | -191,650 | -97,621 | -206,113 |
| Sale Of Investment | 139,492 | 156,878 | 235,080 | 91,083 | 78,200 |
| Net Loans | -741,862 | -277,508 | 172,366 | -113,968 | -1,098,898 |
| Investing Cash Flow | $-759,751 | $-337,792 | $214,389 | $-122,767 | $-1,228,288 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | 56,500 | N/A | -1,500 | -164,500 | -245,600 |
| Debt Issued | 500,000 | 350,000 | 136,500 | 375,100 | 575,000 |
| Debt Repayment | -100,000 | -405,100 | -306,955 | -375,030 | -175,528 |
| Common Stock Repurchased | -9,734 | -8,844 | -36,135 | -8,791 | -1,495 |
| Dividend Paid | -24,628 | -18,446 | -12,314 | -13,032 | -15,963 |
| Other Financing Activity | -926 | -901 | -1,064 | -2,796 | -769 |
| Financing Cash Flow | $722,309 | $190,623 | $-191,856 | $44,628 | $1,185,447 |
| Beginning Cash Position | 138,413 | 178,861 | 91,325 | 91,697 | 75,578 |
| End Cash Position | 185,895 | 138,413 | 178,861 | 91,325 | 91,697 |
| Net Cash Flow | $47,482 | $-40,448 | $87,536 | $-372 | $16,119 |
| Free Cash Flow | |||||
| Operating Cash Flow | 84,924 | 106,721 | 65,003 | 77,767 | 58,960 |
| Capital Expenditure | -520 | -434 | -1,407 | -2,261 | -1,477 |
| Free Cash Flow | 84,404 | 106,287 | 63,596 | 75,506 | 57,483 |