Provident Financial Services (PFS)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 128,398 | 175,648 | 167,921 | 96,951 | 112,633 |
| Depreciation Amortization | 11,503 | 16,757 | 21,338 | 12,610 | 13,386 |
| Income taxes - deferred | 2,725 | 2,220 | 12,413 | -7,929 | 1,674 |
| Other Working Capital | -15,962 | -14,937 | -41,319 | -44,947 | -23,424 |
| Loans | 1,505 | -3,289 | 0 | 0 | 0 |
| Other Operating Activity | 45,227 | 23,911 | -3,539 | 46,616 | 32,656 |
| Operating Cash Flow | $173,396 | $200,310 | $156,814 | $103,301 | $136,925 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -7,383 | -9,389 | -13,763 | -11,878 | -4,882 |
| Net Acquisitions | N/A | N/A | N/A | N/A | -15,022 |
| Purchase Of Investment | -280,378 | -514,720 | -1,441,250 | -404,696 | -298,103 |
| Sale Of Investment | 442,885 | 515,607 | 481,122 | 541,921 | 438,795 |
| Net Loans | -632,937 | -656,187 | 247,991 | -717,947 | -79,812 |
| Other Investing Activity | 8,213 | 17,125 | 9,332 | 88,226 | 1,891 |
| Investing Cash Flow | $-469,600 | $-647,564 | $-716,568 | $-504,374 | $42,867 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | 156,299 | -18,948 | -8,443 | -294,033 | -10,585 |
| Debt Issued | 534,807 | 3,982,100 | 913,685 | 2,429,999 | 1,243,000 |
| Debt Repayment | -58,443 | -3,252,556 | -1,469,440 | -2,286,722 | -1,549,551 |
| Common Stock Issued | 790 | N/A | 887 | 451 | 2,369 |
| Common Stock Repurchased | -1,678 | -47,551 | -21,672 | -22,130 | -21,852 |
| Dividend Paid | -72,447 | -72,023 | -71,478 | -65,823 | -72,809 |
| Financing Cash Flow | $289,951 | $-78,701 | $739,864 | $746,678 | $-135,705 |
| Beginning Cash Position | 186,508 | 712,463 | 532,353 | 186,748 | 142,661 |
| End Cash Position | 180,255 | 186,508 | 712,463 | 532,353 | 186,748 |
| Net Cash Flow | $-6,253 | $-525,955 | $180,110 | $345,605 | $44,087 |
| Free Cash Flow | |||||
| Operating Cash Flow | 173,396 | 200,310 | 156,814 | 103,301 | 136,925 |
| Capital Expenditure | -7,488 | -9,411 | -13,805 | -12,825 | -4,882 |
| Free Cash Flow | 165,908 | 190,899 | 143,009 | 90,476 | 132,043 |