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Southstate Bank Corporation (SSB)

Southstate Bank Corporation (SSB)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NYSE]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ session ]] by (Cboe BZX)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NYSE]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ session ]] [[ item.lastPriceExt ]] [[ item.priceChangeExt ]] ([[ item.percentChangeExt ]]) [[ item.tradeTimeExt ]]
Cash Flow for [[ item.sessionDateDisplayLong ]]

Fiscal Year End Date: 12/31

(Values in U.S. thousands)
  09-2023 06-2023 03-2023 12-2022 09-2022
Cash Flows From Operating Activities
Net Income 387,517 263,373 139,926 496,049 352,547
Depreciation Amortization 42,615 27,183 12,975 91,894 41,232
Income taxes - deferred 72,680 19,990 3,127 123,540 123,905
Other Working Capital 279,902 8,352 -156,180 888,489 976,755
Loans -5,576 -13,917 -4,237 156,702 149,641
Other Operating Activity 43,938 66,675 63,770 -25,781 -67,560
Operating Cash Flow $821,076 $371,656 $59,381 $1,730,893 $1,576,520
Cash Flows From Investing Activities
PPE Investments -17,130 -6,749 -5,515 -11,527 -1,445
Net Acquisitions N/A N/A N/A 250,115 250,115
Purchase Of Investment -227,815 -166,810 -63,773 -2,502,030 -2,486,405
Sale Of Investment 861,642 623,297 306,393 1,301,134 1,132,555
Net Loans -1,842,722 -1,353,577 -514,746 -3,836,095 -2,500,927
Other Investing Activity -10 -1,674 3,794 -61,993 -84,778
Investing Cash Flow $-1,226,035 $-905,513 $-273,847 $-4,860,396 $-3,690,885
Cash Flows From Financing Activities
Change In Short Term Borrowing -43,113 25,029 -12,309 N/A -223,437
Debt Issued 5,350,200 4,850,000 2,150,000 N/A N/A
Debt Repayment -5,350,200 -4,450,000 -1,250,000 -237,822 -13,000
Common Stock Issued 2,748 1,820 1,173 4,443 2,960
Common Stock Repurchased -7,409 -7,022 -3,416 -119,330 -119,261
Dividend Paid -116,479 -76,907 -38,333 -146,664 -108,791
Financing Cash Flow $421,533 $735,043 $898,565 $-2,279,505 $-1,682,997
Beginning Cash Position 1,312,563 1,312,563 1,312,563 6,721,571 6,721,571
End Cash Position 1,329,137 1,513,749 1,996,662 1,312,563 2,924,209
Net Cash Flow $16,574 $201,186 $684,099 $-5,409,008 $-3,797,362
Free Cash Flow
Operating Cash Flow 821,076 371,656 59,381 1,730,893 1,576,520
Capital Expenditure -26,372 -15,034 -7,642 -17,670 -13,781
Free Cash Flow 794,704 356,622 51,739 1,713,223 1,562,739
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