XML 19 R8.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income before noncontrolling interest $ 83,790 $ 111,408
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 34,390 30,753
Provision for credit losses 46,539 32,488
Provision for deferred taxes 2,545 14,091
Originations of loans held for sale (608,628) (555,397)
Proceeds from sales of loans held for sale 604,363 723,942
Net change in loans held for sale 652 8,834
Net realized (gain) loss on loans held for sale (110) 4,065
Net realized loss on premise, furniture, and equipment 0 43
Net realized (gain) on lease receivables and equipment 354 (1,063)
Net realized (gain) on trademarks (10,000) (50,000)
Net realized (gain) loss on other assets (82) (397)
Impairment on rental equipment 24 0
Net change in accrued interest receivable (4,455) (2,862)
Net change in other assets 14,050 (21,680)
Net change in accrued expenses and other liabilities 14,568 (8,400)
Stock compensation 5,829 5,524
Net cash provided by operating activities 183,829 291,349
Cash flows from investing activities:    
Purchases of securities available for sale 0 (470,067)
Proceeds from maturities of and principal collected on securities available for sale 89,162 184,107
Proceeds from maturities of and principal collected on securities held to maturity 2,822 8,937
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (120,160) (103,573)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 119,586 103,160
Purchases of loans and leases (187,834) (88,913)
Proceeds from sales of loans and leases 0 45,784
Net change in loans and leases 191,195 (69,966)
Purchases of premises, furniture, and equipment (3,428) (3,718)
Proceeds from sales of premises, furniture, and equipment 0 35
Purchases of rental equipment (238,999) (196,043)
Proceeds from sales of rental equipment 6,736 6,811
Net change in rental equipment (153) (1,567)
Proceeds from sales of foreclosed real estate and repossessed assets 1 1,715
Proceeds from sale of trademarks 10,000 50,000
Proceeds from sale of other assets 0 460
Net cash provided by (used in) investing activities (131,072) (532,838)
Cash flows from financing activities:    
Net change in deposits 36,659 314,915
Net change in short-term borrowings 43,000 0
Principal payments on capital lease obligations 0 (74)
Principal payments on other liabilities 0 (1,463)
Proceeds from other liabilities (1,026) 0
Payment of debt issuance costs (511) 0
Dividends paid on common stock (2,788) (3,004)
Issuance of common stock due to restricted stock 1 0
Issuance of common stock due to ESOP 0 2,886
Repurchases of common stock (82,281) (146,653)
Distributions to noncontrolling interest (1,698) (1,666)
Net cash provided by (used in) financing activities (8,644) 164,941
Effect of exchange rate changes on cash 447 209
Net change in cash and cash equivalents 44,560 (76,339)
Cash and cash equivalents at beginning of fiscal year 388,038 314,019
Cash and cash equivalents at end of fiscal period 432,598 237,680
Supplemental disclosure of cash flow information:    
Interest 4,273 2,663
Income taxes 7,842 9,381
Franchise taxes 100 100
Other taxes 372 432
Supplemental schedule of non-cash investing activities:    
Held for sale to loans and leases 0 14,731
Loans and leases to held for sale 0 169,045
Loans and leases to rental equipment 1,449 2,634
Rental equipment to loan and leases $ 202,330 $ 177,193