| Cash Flow for First Financial Bankshares Inc. (FFIN) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 49,490 | 46,029 | 44,023 | 39,171 | 35,305 | | Provision for Loan Loss | 2,331 | 2,061 | 1,320 | 1,633 | 1,178 | | Depreciation & Amortization | 7,182 | 8,171 | 9,361 | 5,021 | 9,467 | | Deferred Income Taxes | 464 | (27) | 278 | 430 | (91) | | Change in Assets (Receivables) | 1,888 | (180,555) | 1,096 | (394) | (158) | | Change in Liabilities (Payables) | (4,461) | 4,519 | (7,709) | 1,019 | 2,289 | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | - | (2,234) | (5,992) | (3,152) | (2,664) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (2,103) | 174,180 | (1,438) | 24,548 | - | | Net Cash from Operating Activities | 54,791 | 52,144 | 40,937 | 68,277 | 45,325 | | | | Proceeds from Sale/Mat. Inv. | 921,390 | 1,902,981 | 2,037,835 | 1,245,764 | 1,000,613 | | Purchase of Investment Securities | (899,748) | (1,982,408) | (2,168,348) | (1,189,102) | (1,150,994) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | (8,331) | (7,371) | (10,317) | - | (7,109) | | Acquisitions | - | - | - | (8,840) | - | | Other Investment Changes, Net | (156,870) | (87,137) | 11,223 | (124,272) | (21,532) | | Net Cash from Investing Activities | (143,559) | (173,935) | (129,606) | (76,450) | (179,022) | | | Net Change in Deposits | 162,059 | 17,747 | 134,577 | 101,428 | 84,709 | | Cash Dividends paid | (24,928) | (24,011) | (23,003) | (20,138) | (18,274) | | Repayment of Long Term Debt | - | - | - | - | - | | Change in Short Term Debt | 23,022 | 69,005 | 32,922 | 6,716 | 2,266 | | Issuance of Long term Debt | - | - | - | - | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 527 | 441 | 428 | 585 | 400 | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | 160,680 | 63,182 | 144,924 | 88,591 | 69,101 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 71,912 | (58,609) | 56,255 | 80,418 | (64,596) | | | Cash at Beginning of Period | 192,977 | 250,513 | 194,258 | 113,841 | 178,437 | | Cash at End of Period | 264,888 | 191,904 | 250,513 | 194,258 | 113,841 | | | |
