Dashboard Tools Market News Investing Ideas Pricing About Us
Sign Up
Log in
Heartland Financial USA Inc banner

Heartland Financial USA Inc
NASDAQ:HTLF

Watchlist Manager
Heartland Financial USA Inc Logo
Heartland Financial USA Inc
NASDAQ:HTLF
Watchlist
Price: 64.67 USD -2.16% Market Closed
Market Cap: $2.8B
Write Note Create Alert Ask AI
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-42%
5Y
+14%
10Y
+186%
Investing Cash Flow
+
3Y
-
5Y
-
10Y
-
Financing Cash Flow
+
3Y
-
5Y
-
10Y
-

Cash Flow Statement
Heartland Financial USA Inc

Rotate your device to view
Cash Flow Statement
Currency: USD
Dec-2000 Mar-2001 Jun-2001 Sep-2001 Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Operating Cash Flow
Net Income
10
10
11
11
11
13
14
16
19
20
20
20
18
18
19
17
20
21
21
24
23
22
23
23
25
26
26
26
26
26
24
21
11
11
11
11
6
6
6
10
24
23
28
28
28
37
40
47
50
50
45
38
37
31
33
38
42
51
55
58
60
64
70
76
80
78
79
81
75
81
86
99
117
125
143
143
149
138
123
136
138
171
202
210
220
210
201
201
212
222
219
211
80
79
69
85
Depreciation & Amortization
16
16
16
16
17
16
16
16
15
15
15
15
16
16
16
17
6
7
8
(1)
7
5
2
8
8
8
9
9
9
9
9
9
9
9
9
9
9
9
9
9
8
8
8
8
8
7
7
12
8
10
12
10
17
17
17
18
18
19
21
21
24
26
28
31
31
30
31
31
30
30
30
30
31
32
33
32
31
30
29
28
27
27
27
27
27
27
26
25
25
23
22
21
20
19
19
18
Change in Deffered Taxes
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
0
0
(0)
0
0
0
(6)
0
0
0
(2)
0
0
0
(3)
0
0
0
(3)
0
0
0
(3)
0
0
0
4
0
0
0
1
0
0
0
3
0
0
0
4
0
0
0
2
0
0
0
7
0
0
0
13
0
0
0
3
0
0
0
(0)
0
0
0
(11)
0
0
0
12
0
0
0
(4)
0
0
0
(9)
0
0
0
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
3
2
2
2
2
3
3
3
3
3
3
3
4
4
3
4
4
4
4
4
4
4
5
5
5
6
6
6
6
7
7
8
9
9
9
9
9
9
8
10
10
8
9
8
9
10
Other Non-Cash Items
0
0
0
1
2
3
5
5
5
5
6
7
8
7
6
5
15
15
15
24
16
19
22
15
14
11
7
4
1
1
1
5
6
7
8
2
15
15
16
21
10
12
13
13
16
18
21
16
27
26
24
28
18
19
20
21
21
20
21
19
18
19
22
25
23
25
23
24
24
23
24
22
25
28
16
17
17
15
23
23
21
25
34
43
59
68
77
76
67
60
45
40
39
34
34
4
Cash Taxes Paid
4
4
3
2
6
6
6
9
7
8
9
9
8
7
7
4
2
2
7
9
11
13
11
10
11
17
19
20
17
11
11
8
9
9
7
7
7
9
11
12
14
12
6
7
7
7
10
0
12
19
16
17
6
3
3
3
3
3
8
8
12
13
18
21
25
22
18
19
16
16
18
20
17
17
28
33
38
38
31
34
33
49
52
49
50
34
36
41
38
39
61
52
49
47
20
27
Cash Interest Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9
18
27
37
37
37
36
35
34
38
33
33
32
29
33
33
32
31
32
33
35
40
45
52
60
67
76
80
82
73
60
48
37
34
31
29
28
30
44
73
117
178
242
307
354
394
400
Change in Working Capital
(10)
(11)
(29)
3
(13)
4
27
(16)
10
(4)
(12)
7
(1)
(22)
(8)
(14)
(0)
8
(13)
(14)
(11)
6
7
1
(11)
(18)
(13)
(6)
7
8
17
14
19
23
33
40
12
15
20
31
53
40
43
47
2
(39)
(34)
(78)
(36)
5
(5)
52
61
64
24
(10)
(4)
(43)
(18)
4
(2)
32
23
12
7
19
29
39
14
35
24
29
67
30
18
(22)
(36)
(37)
(44)
(39)
15
29
61
71
9
26
46
92
88
78
102
204
151
213
159
98
Cash from Operating Activities
16
N/A
16
-1%
(2)
N/A
31
N/A
17
-44%
37
+114%
62
+67%
21
-66%
49
+132%
36
-27%
29
-20%
50
+72%
40
-19%
19
-53%
33
+73%
25
-23%
40
+60%
49
+24%
30
-40%
30
+2%
35
+15%
51
+47%
53
+3%
47
-11%
30
-36%
22
-27%
24
+8%
27
+15%
41
+51%
43
+4%
50
+16%
48
-3%
41
-13%
46
+11%
58
+25%
59
+2%
40
-32%
42
+5%
48
+16%
68
+40%
92
+36%
79
-14%
90
+13%
93
+4%
59
-37%
27
-53%
40
+45%
1
-97%
49
+3 958%
91
+87%
77
-16%
128
+67%
136
+6%
135
-1%
97
-28%
69
-29%
80
+17%
51
-37%
82
+62%
105
+28%
102
-3%
144
+41%
145
+1%
145
+0%
149
+2%
159
+7%
169
+6%
182
+8%
156
-14%
181
+16%
178
-2%
193
+9%
243
+26%
218
-10%
211
-3%
173
-18%
161
-7%
144
-10%
130
-10%
147
+13%
190
+29%
240
+26%
313
+30%
340
+9%
326
-4%
343
+5%
361
+5%
406
+13%
388
-4%
379
-2%
384
+1%
472
+23%
280
-41%
336
+20%
273
-19%
197
-28%
Investing Cash Flow
Capital Expenditures
(4)
(3)
(4)
(5)
(5)
(7)
(5)
(6)
(7)
(9)
(13)
(17)
(19)
(20)
(23)
(21)
(19)
(21)
(18)
(19)
(20)
(23)
(23)
(22)
(23)
(18)
(19)
(21)
(20)
(15)
(11)
(10)
(10)
(9)
(9)
(6)
(7)
(10)
(12)
(12)
(10)
(7)
(5)
(6)
(7)
(9)
(12)
(16)
(20)
(19)
(19)
(14)
(11)
(10)
(8)
(8)
(7)
(7)
(6)
(6)
(8)
(6)
(12)
(11)
(10)
(13)
(9)
(9)
(8)
(7)
(12)
(13)
(13)
(11)
(7)
(9)
(18)
(21)
(22)
(23)
(19)
(19)
(22)
(21)
(17)
(16)
(14)
(14)
(15)
(13)
(10)
(8)
(7)
(7)
(7)
(3)
Other Items
(112)
(130)
(110)
(171)
(167)
(163)
(149)
(124)
(151)
(174)
(177)
(145)
(257)
(215)
(245)
(294)
(244)
(218)
(234)
(198)
(182)
(223)
(222)
(277)
(199)
(230)
(208)
(145)
(194)
(160)
(227)
(228)
(393)
(429)
(425)
(384)
(213)
(246)
(161)
(157)
(161)
(44)
12
(175)
(193)
(183)
(414)
(215)
(330)
(381)
(316)
(272)
(314)
(161)
(155)
(278)
(187)
(182)
(286)
(119)
(61)
(119)
258
107
17
26
22
4
35
140
(36)
26
(112)
(1)
61
(504)
(556)
(1 070)
(2 539)
(2 617)
(2 283)
(2 434)
(1 080)
(1 259)
(1 508)
(1 266)
(2 109)
(1 458)
(1 798)
(1 620)
(689)
(540)
809
1 036
1 283
1 561
Cash from Investing Activities
(116)
N/A
(133)
-15%
(114)
+15%
(175)
-54%
(171)
+2%
(169)
+1%
(154)
+9%
(129)
+16%
(158)
-22%
(182)
-15%
(191)
-4%
(162)
+15%
(276)
-71%
(234)
+15%
(268)
-15%
(314)
-17%
(263)
+16%
(239)
+9%
(252)
-5%
(217)
+14%
(202)
+7%
(246)
-22%
(245)
+1%
(298)
-22%
(222)
+26%
(248)
-12%
(227)
+9%
(166)
+27%
(214)
-29%
(175)
+18%
(237)
-36%
(238)
0%
(402)
-69%
(438)
-9%
(434)
+1%
(390)
+10%
(220)
+44%
(256)
-16%
(173)
+32%
(169)
+2%
(171)
-1%
(50)
+71%
7
N/A
(181)
N/A
(200)
-11%
(192)
+4%
(426)
-122%
(231)
+46%
(350)
-51%
(400)
-14%
(335)
+16%
(286)
+14%
(324)
-13%
(172)
+47%
(163)
+5%
(285)
-75%
(194)
+32%
(189)
+3%
(293)
-55%
(125)
+57%
(69)
+45%
(125)
-82%
246
N/A
96
-61%
7
-93%
13
+91%
13
+2%
(5)
N/A
27
N/A
133
+389%
(49)
N/A
13
N/A
(124)
N/A
(12)
+90%
54
N/A
(514)
N/A
(574)
-12%
(1 091)
-90%
(2 560)
-135%
(2 639)
-3%
(2 301)
+13%
(2 453)
-7%
(1 103)
+55%
(1 280)
-16%
(1 525)
-19%
(1 282)
+16%
(2 122)
-66%
(1 472)
+31%
(1 813)
-23%
(1 632)
+10%
(699)
+57%
(548)
+22%
802
N/A
1 029
+28%
1 277
+24%
1 558
+22%
Financing Cash Flow
Net Issuance of Common Stock
(5)
(0)
(0)
(1)
1
2
2
2
1
0
(4)
(6)
(7)
(8)
(5)
(4)
(3)
(4)
(4)
(3)
(4)
(4)
(3)
(3)
(3)
(6)
(6)
(5)
(7)
(5)
(6)
(6)
77
80
81
82
1
1
1
1
1
1
1
(1)
(1)
(1)
(2)
0
7
7
8
8
2
1
2
1
1
0
0
0
1
(81)
(81)
(81)
(31)
51
51
51
(14)
(14)
(14)
(14)
0
1
1
1
1
1
112
113
114
113
4
3
3
3
3
3
3
3
3
3
2
3
2
3
Net Issuance of Debt
20
33
13
(25)
62
(2)
8
49
(17)
(5)
3
43
63
124
113
6
28
(9)
(1)
54
34
15
(6)
74
59
86
128
45
119
91
164
91
30
(11)
(117)
(54)
(40)
16
31
41
(15)
(57)
(79)
(61)
45
47
79
74
(41)
(79)
37
(88)
53
(41)
(18)
44
(3)
92
(13)
(59)
(142)
(74)
(161)
(87)
2
(131)
(129)
(93)
(36)
(66)
(41)
(73)
(188)
(69)
(72)
(39)
(72)
(57)
5
442
220
120
1
(221)
(123)
(12)
45
(120)
194
(16)
(54)
(106)
(226)
558
610
510
Cash Paid for Dividends
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(7)
(7)
(7)
(8)
(9)
(10)
(11)
(11)
(11)
(11)
(11)
(11)
(11)
(11)
(11)
(11)
(11)
(12)
(11)
(10)
(10)
(8)
(8)
(8)
(8)
(8)
(9)
(9)
(9)
(10)
(11)
(11)
(11)
(13)
(13)
(14)
(15)
(15)
(16)
(17)
(18)
(19)
(21)
(23)
(25)
(25)
(27)
(28)
(31)
(32)
(36)
(40)
(43)
(49)
(51)
(53)
(54)
(54)
(56)
(57)
(58)
(59)
(59)
(59)
(59)
Other
137
130
159
179
104
112
59
66
137
154
179
171
155
106
141
239
206
232
223
116
150
155
170
161
109
166
75
91
64
40
41
147
264
368
419
327
361
199
139
129
(16)
45
65
100
176
194
254
276
385
316
253
222
99
99
81
82
73
77
250
111
303
168
(28)
49
(214)
(40)
(139)
(71)
(82)
(126)
148
85
166
110
83
415
614
776
2 153
1 852
1 768
2 244
820
1 196
1 465
1 135
1 702
1 309
1 210
1 080
438
186
(840)
(1 784)
(2 129)
(1 968)
Cash from Financing Activities
149
N/A
160
+7%
168
+5%
150
-11%
163
+9%
108
-34%
66
-39%
113
+72%
117
+3%
144
+24%
174
+20%
203
+17%
207
+2%
219
+6%
244
+12%
236
-3%
225
-4%
213
-5%
212
-1%
162
-23%
174
+7%
160
-8%
155
-3%
226
+46%
160
-29%
240
+51%
192
-20%
125
-35%
170
+36%
120
-30%
193
+62%
226
+17%
365
+62%
429
+18%
375
-13%
346
-8%
311
-10%
205
-34%
160
-22%
161
+0%
(41)
N/A
(21)
+49%
(24)
-13%
28
N/A
209
+657%
228
+9%
321
+41%
339
+6%
339
0%
233
-31%
287
+23%
132
-54%
146
+10%
51
-65%
57
+11%
120
+111%
62
-48%
161
+160%
228
+42%
43
-81%
152
+250%
3
-98%
(281)
N/A
(130)
+54%
(256)
-97%
(132)
+48%
(231)
-74%
(127)
+45%
(146)
-15%
(221)
-52%
77
N/A
(20)
N/A
(41)
-101%
21
N/A
(11)
N/A
352
N/A
518
+47%
694
+34%
2 242
+223%
2 376
+6%
2 070
-13%
2 441
+18%
785
-68%
936
+19%
1 297
+39%
1 076
-17%
1 697
+58%
1 138
-33%
1 353
+19%
1 011
-25%
330
-67%
24
-93%
(1 123)
N/A
(1 283)
-14%
(1 576)
-23%
(1 515)
+4%
Change in Cash
Net Change in Cash
49
N/A
42
-13%
53
+25%
6
-89%
9
+59%
(24)
N/A
(27)
-10%
5
N/A
7
+64%
(2)
N/A
12
N/A
91
+671%
(29)
N/A
3
N/A
8
+177%
(54)
N/A
2
N/A
24
+1 158%
(10)
N/A
(24)
-143%
7
N/A
(35)
N/A
(38)
-7%
(25)
+33%
(32)
-25%
14
N/A
(12)
N/A
(14)
-20%
(2)
+83%
(12)
-426%
6
N/A
36
+545%
5
-87%
37
+724%
(1)
N/A
15
N/A
131
+751%
(9)
N/A
36
N/A
59
+65%
(120)
N/A
8
N/A
73
+775%
(60)
N/A
67
N/A
64
-5%
(66)
N/A
110
N/A
38
-65%
(76)
N/A
29
N/A
(26)
N/A
(43)
-64%
14
N/A
(9)
N/A
(97)
-933%
(51)
+47%
23
N/A
17
-26%
23
+36%
185
+697%
22
-88%
110
+408%
111
+1%
(100)
N/A
40
N/A
(48)
N/A
50
N/A
37
-25%
93
+150%
206
+121%
186
-10%
78
-58%
226
+191%
254
+12%
11
-96%
105
+901%
(253)
N/A
(189)
+25%
(116)
+38%
(41)
+65%
228
N/A
(5)
N/A
(4)
+7%
98
N/A
137
+40%
(64)
N/A
73
N/A
(73)
N/A
(243)
-235%
15
N/A
(52)
N/A
(40)
+23%
82
N/A
(26)
N/A
240
N/A

See Also

Summary
HTLF intrinsic value, competitors valuation, and company profile.
DCF Valuation
HTLF stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HTLF stock valuation using valuation multiples.
Wall Street Estimates
HTLF price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
HTLF stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 316,800+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.