International Bancshares Corporation (Parent Company Only) Financial Information Statements of Cash Flows

12 Months Ended

Dec. 31, 2016

(24) International Bancshares Corporation (Parent Company Only) Financial Information

Statements of Cash Flows

(Parent Company Only)

Years ended December 31, 2016, 2015 and 2014

(Dollars in Thousands)


	2016		2015		2014
Operating activities:
Net income	$	133,932	$	136,726	$	153,151
Adjustments to reconcile net income to net cash provided by operating activities:
Impairment charges on available for sale securities		112		385		254
Stock compensation expense		1,082		1,172		1,058
Increase (decrease) in other liabilities		3,901		(1,998)		416
Equity in undistributed net income of subsidiaries		(48,833)		(83,486)		(79,695)
Net cash provided by operating activities		90,194		52,799		75,184
Investing activities:
Principal collected on mortgage-backed securities		1,105		474		1,301
Net decrease in notes receivable		99		105		109
Increase in other assets and other investments		(27,834)		(1,830)		(7,008)
Net cash used in investing activities		(26,630)		(1,251)		(5,598)
Financing activities:
Redemption of long-term debt		(1,000)		(14,000)		(15,310)
Proceeds from stock transactions		549		1,370		555
Payments of cash dividends - common		(39,569)		(38,515)		(34,762)
Purchase of treasury stock		(7,966)		(6,678)		(18,923)
Net cash used in financing activities		(47,986)		(57,823)		(68,440)
Increase (decrease) in cash		15,578		(6,275)		1,146
Cash at beginning of year		2,977		9,252		8,106
Cash at end of year	$	18,555	$	2,977	$	9,252