| Cash Flow for Whitney Holding Corp. (WTNY) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 151,054 | 144,645 | 102,349 | 97,137 | 98,542 | | Provision for Loan Loss | 17,000 | 3,720 | 37,000 | 2,000 | (3,500) | | Depreciation & Amortization | 29,226 | 28,694 | 21,850 | 23,254 | 18,574 | | Deferred Income Taxes | 3,321 | (2,001) | (11,615) | (3,399) | 1,415 | | Change in Assets (Receivables) | 12,327 | 38,973 | (28,754) | 4,693 | (2,578) | | Change in Liabilities (Payables) | 20,113 | (31,595) | 37,812 | 11,343 | 2,078 | | Investment Securities Gain | - | - | - | (1,189) | (863) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (33,804) | (266) | (2,601) | - | (547) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | (4,170) | | Other Non-Cash Items | 12,568 | 22,940 | (42,677) | 15,579 | 37,034 | | Net Cash from Operating Activities | 211,805 | 205,110 | 113,364 | 149,418 | 145,985 | | | | Proceeds from Sale/Mat. Inv. | 454,677 | 432,535 | 656,779 | 624,410 | 1,117,041 | | Purchase of Investment Securities | (492,747) | (604,243) | (247,023) | (1,003,706) | (1,362,311) | | Net Increase Fed. Funds Sold | (221,628) | 490,908 | (756,131) | (8,039) | (10,058) | | Purchase of Property & Equipment | (24,788) | (26,131) | (12,592) | (15,928) | (11,128) | | Acquisitions | (7,503) | (33,992) | (39,228) | 7,364 | - | | Other Investment Changes, Net | (283,943) | (204,202) | (545,781) | 2,273 | (414,982) | | Net Cash from Investing Activities | (575,932) | 54,875 | (943,976) | (393,626) | (681,438) | | | Net Change in Deposits | (68,704) | (489,797) | 1,553,338 | 250,735 | 375,703 | | Cash Dividends paid | (77,340) | (68,111) | (61,150) | (57,061) | (48,248) | | Repayment of Long Term Debt | (7,366) | - | - | - | - | | Change in Short Term Debt | 384,723 | 51,732 | (281,761) | 9,584 | 146,638 | | Issuance of Long term Debt | 149,738 | - | - | - | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 6,932 | 10,113 | 14,185 | 13,995 | 7,151 | | Purchase of Treasury Stock | (52,782) | (3,165) | (52,924) | (29,681) | (1,528) | | Other Financing Activities | 960 | 2,581 | - | - | - | | Cash from Financing Activities | 336,161 | (496,647) | 1,171,688 | 187,572 | 479,716 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (27,966) | (236,662) | 341,076 | (56,636) | (55,737) | | | Cash at Beginning of Period | 318,165 | 554,827 | 213,751 | 270,387 | 326,124 | | Cash at End of Period | 290,199 | 318,165 | 554,827 | 213,751 | 270,387 | | | |
