Signature Bank (SBNY) Cash Flow Statement
Where SBNY’s cash came from and went, 2022
December 31, 2022 · U.S. dollars- Cash from operations
- $945.7M +7.5% vs 2021
- Capital expenditures
- $48.3M 1.3% of revenue
- Free cash flow
- $897.4M 24.2% margin
- Returned to shareholders
- $177.7M 20% of free cash flow
- Change in cash
- −$23.67B cash at year-end $5.95B
Drawn to scale: where the cash came from and how it was used. Hover for values.
SBNY operating cash flow, capex and free cash flow
SBNY cash flow trends, 2013–2022
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $202.5M2013 | $945.7M2022 | +18.7%/yr | |
| Capital expenditures | $12.4M2013 | $48.3M2022 | +16.4%/yr | |
| Free cash flow | $190.1M2013 | $897.4M2022 | +18.8%/yr | |
| Free cash flow margin | 24.2%2013 | 24.2%2022 | 0.0 pts | |
| Operating cash flow / net income | 0.892013 | 0.712022 | −0.18 | |
| Stock-based compensation | $15.6M2013 | $56.1M2022 | +15.3%/yr | |
| Dividends paid | $62.0M2015 | $177.7M2022 | +16.2%/yr | |
| Share buybacks (net) | $02014 | $237.3M2019 | — | |
| Capex / revenue | 1.6%2013 | 1.3%2022 | −0.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SBNY cash flow by activity
SBNY net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
SBNY cash flow statement
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $1.34B | $918.4M | $528.4M | $588.9M | $505.3M | $387.2M | $396.3M | $373.1M | $296.7M | $228.7M |
| Depreciation & amortization | $23.3M | $21.0M | $20.7M | $20.1M | $14.0M | $12.2M | $10.1M | $9.0M | $8.9M | $8.2M |
| Stock-based compensation | $56.1M | $49.6M | $55.0M | $55.4M | $52.6M | $46.4M | $41.7M | $34.7M | $27.7M | $15.6M |
| Change in working capital | −$244.1M | $107.5M | $16.8M | −$118.7M | $7.8M | −$135.9M | $95.0M | −$3.4M | $104,000 | $1.6M |
| Other non-cash items | −$226.7M | −$216.9M | $283.5M | $232.7M | $71.8M | $236.1M | $21.9M | $150.0M | $87.5M | −$51.6M |
| Cash from operating activities | $945.7M | $879.6M | $904.4M | $778.4M | $651.6M | $546.0M | $565.0M | $563.3M | $420.9M | $202.5M |
| Investing activities | ||||||||||
| Capital expenditures | −$48.3M | −$32.2M | −$35.0M | −$32.9M | −$11.5M | −$23.1M | −$16.6M | −$12.2M | −$13.6M | −$12.4M |
| Investments (net) | −$16.23B | −$10.88B | −$2.12B | −$2.63B | −$4.29B | −$4.34B | −$5.42B | −$143.9M | −$508.2M | — |
| Acquisitions & other investing | $48.3M | −$16.21B | −$9.72B | $32.9M | $11.5M | $23.7M | $17.8M | −$6.02B | −$4.29B | −$4.90B |
| Cash from investing activities | −$16.23B | −$27.12B | −$11.88B | −$2.63B | −$4.29B | −$4.34B | −$5.42B | −$6.17B | −$4.82B | −$4.91B |
| Financing activities | ||||||||||
| Dividends paid | −$177.7M | −$168.2M | −$120.1M | −$122.8M | −$62.0M | −$62.0M | −$62.0M | −$62.0M | — | — |
| Share repurchases & issuance (net) | — | — | — | −$237.3M | −$41.8M | — | $318.8M | $343,000 | $296.0M | — |
| Net borrowing (repayment) | $8.64B | −$460.0M | −$927.9M | −$1.30B | $805.0M | $2.04B | −$337.2M | $1.49B | −$1.32B | — |
| Shares issued | $0 | $0 | $708.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$16.85B | $44.14B | $22.87B | $3.99B | $2.92B | $1.61B | $5.13B | $4.23B | $5.57B | $4.76B |
| Cash from financing activities | −$8.38B | $43.51B | $22.53B | $2.33B | $3.62B | $3.59B | $5.05B | $5.65B | $4.55B | $4.76B |
| Summary | ||||||||||
| Net change in cash | −$23.67B | $17.27B | $11.56B | $472.6M | −$18.2M | −$203.5M | $197.4M | $42.5M | $155.1M | $50.0M |
| Cash at end of period | $5.95B | $29.62B | $12.35B | $789.8M | $317.3M | $335.5M | $539.0M | $341.5M | $299.1M | $144.0M |
| Free cash flow | $897.4M | $847.4M | $869.3M | $745.5M | $640.1M | $522.9M | $548.4M | $551.1M | $407.3M | $190.1M |
| Free cash flow margin | 24.2% | 36.7% | 43.3% | 37.8% | 36.4% | 41.1% | 40.3% | 48.2% | 42.5% | 24.2% |
| Capex / revenue | 1.3% | 1.4% | 1.7% | 1.7% | 0.7% | 1.8% | 1.2% | 1.1% | 1.4% | 1.6% |
| Operating cash flow / net income | 0.71 | 0.96 | 1.71 | 1.32 | 1.29 | 1.41 | 1.43 | 1.51 | 1.42 | 0.89 |
| Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | Mar '21 | Dec '20 | Sep '20 | Jun '20 | Mar '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $300.8M | $358.5M | $339.2M | $338.5M | $272.0M | $241.4M | $214.5M | $190.5M | $173.0M | $138.5M | $117.2M | $99.6M |
| Depreciation & amortization | $5.8M | $6.0M | $5.9M | $5.6M | $5.8M | $5.3M | $4.9M | $4.9M | $4.9M | $5.2M | $5.3M | $5.3M |
| Stock-based compensation | $12.4M | $15.1M | $15.0M | $13.6M | $12.2M | $12.2M | $11.0M | $14.2M | $13.5M | $13.6M | $13.2M | $14.8M |
| Change in working capital | −$199.8M | $122.8M | $217.0M | −$384.0M | −$50.5M | −$260.3M | $240.7M | $177.6M | −$11.4M | $120.3M | −$29.4M | −$62.8M |
| Other non-cash items | −$33.6M | $119.2M | −$171.8M | −$140.6M | $185.9M | −$289.8M | −$424.7M | $311.7M | −$134.7M | $23.0M | $173.9M | $221.3M |
| Cash from operating activities | $85.7M | $621.6M | $405.2M | −$166.8M | $425.4M | −$291.1M | $46.4M | $698.9M | $45.4M | $300.6M | $280.3M | $278.1M |
| Investing activities | ||||||||||||
| Capital expenditures | −$10.6M | −$13.8M | −$11.1M | −$12.7M | −$9.7M | −$10.6M | −$6.6M | −$5.4M | −$5.8M | −$10.0M | −$5.2M | −$14.1M |
| Investments (net) | −$1.20B | −$346.5M | −$569.4M | −$5.02B | −$3.79B | −$2.24B | −$6.10B | −$4.51B | −$1.49B | −$494.4M | −$4.33B | −$1.92B |
| Acquisitions & other investing | $10.6M | −$1.86B | −$5.62B | −$1.58B | −$6.34B | −$4.12B | $6.6M | $5.4M | −$2.65B | −$985.5M | $5.2M | $14.1M |
| Cash from investing activities | −$1.20B | −$2.22B | −$6.20B | −$6.61B | −$10.14B | −$6.37B | −$6.10B | −$4.51B | −$4.14B | −$1.49B | −$4.33B | −$1.92B |
| Financing activities | ||||||||||||
| Dividends paid | −$44.4M | −$44.4M | −$44.4M | −$44.4M | −$43.1M | −$42.9M | −$41.6M | −$40.6M | −$30.0M | −$30.0M | −$30.0M | −$30.0M |
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | — | — | — | — | −$50.0M |
| Net borrowing (repayment) | $9.83B | −$119.8M | −$875.0M | −$189.7M | −$25.0M | −$100.0M | −$100.0M | −$100.0M | $375.0M | −$1.04B | −$895.0M | $637.1M |
| Shares issued | $731.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$14.92B | −$1.34B | −$5.04B | $3.71B | $10.57B | $10.66B | $11.43B | $11.35B | $9.68B | $4.11B | $7.99B | $1.85B |
| Cash from financing activities | −$4.40B | −$1.51B | −$5.96B | $3.48B | $10.50B | $10.52B | $11.29B | $11.21B | $10.03B | $3.03B | $7.07B | $2.41B |
| Summary | ||||||||||||
| Net change in cash | −$5.52B | −$3.11B | −$11.75B | −$3.30B | $785.0M | $3.86B | $5.23B | $7.40B | $5.94B | $1.84B | $3.02B | $763.2M |
| Cash at end of period | $5.95B | $11.47B | $14.58B | $26.32B | $29.62B | $28.84B | $24.98B | $19.75B | $12.35B | $6.41B | $4.57B | $1.55B |
| Free cash flow | $75.1M | $607.7M | $394.1M | −$179.6M | $415.8M | −$301.8M | $39.8M | $693.6M | $39.6M | $290.6M | $275.1M | $264.1M |
| Free cash flow margin | 11.0% | 59.6% | 48.5% | −26.5% | 65.0% | −58.9% | 8.3% | 157.9% | 9.4% | 70.4% | 68.8% | 72.9% |
| Capex / revenue | 1.6% | 1.4% | 1.4% | 1.9% | 1.5% | 2.1% | 1.4% | 1.2% | 1.4% | 2.4% | 1.3% | 3.9% |
| Operating cash flow / net income | 0.28 | 1.73 | 1.19 | −0.49 | 1.56 | −1.21 | 0.22 | 3.67 | 0.26 | 2.17 | 2.39 | 2.79 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
SBNY cash generation
In fiscal 2022 (ended December 31, 2022), Signature Bank generated $945.7 million of cash from operations (up 7.5%) and spent $48.3 million on capital expenditures, leaving free cash flow of $897.4 million, 24.2% of revenue. It returned $177.7 million to shareholders through dividends ($177.7 million) and net share buybacks ($0). Cash and equivalents fell by $23.7 billion over the year.
Related: SBNY income statement, SBNY balance sheet. See the SBNY stock overview for the latest quote and news.
SBNY cash flow FAQ
What is Signature Bank's free cash flow?
Signature Bank's free cash flow was $897.4 million in fiscal 2022: $945.7 million of operating cash flow minus $48.3 million of capital expenditures It was $847.4 million a year earlier..
How much cash does Signature Bank generate from operations?
Signature Bank generated $945.7 million of cash from operating activities in fiscal 2022, 0.71 times its net income of $1.3 billion.
How much does Signature Bank spend on capital expenditures?
Signature Bank spent $48.3 million on capital expenditures in fiscal 2022, 1.3% of revenue, compared with $32.2 million the year before.
How much does Signature Bank pay in dividends?
Signature Bank paid $177.7 million in dividends in fiscal 2022, 19.8% of free cash flow.