SOUTH STATE Corp company info

CIK 764038
IRS Number 570799315
State of incorporation SC
Business address 520 GERVAIS STREET
Mail address P O BOX 1030

Short summary

SOUTH STATE Corp is a South Carolina company, with head office located at 520 Gervais Street Columbia, South Carolina 29201. The company achieved a record breaking net income last year - 178.87 million USD. This is 104.30% higher than one reported in 2017. In 2018 the company owned a total of 15.41 billion USD worth of assets. An analysis of the recent trend shows a steady growth of company assets, with a 5.77% growth from the last year and a 325.76% increase in the 9 year period.

SOUTH STATE Corp Income Statement

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Interest expense 37.2132.7420.2711.0912.9915.6610.338.3217.0153.99
Income Tax Expense (Benefit) 6.8828.9510.7615.1325.3635.9950.9052.7681.2545.38
Net income 13.6051.8822.6030.0349.2275.4499.47101.2887.55178.87

SOUTH STATE Corp Balance Sheet

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Cash and cash equivalents 49.47187.03249.07309.92436.48589.52593.38481.91431.89396.85
Collateral Already Posted, Aggregate Fair Value 0.901.601.101.100.850.850.450.300.30
Property, Plant and Equipment, Gross 137.82180.73284.01267.29278.76296.79415.32415.21
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 43.5765.1595.9095.52104.22113.28159.75174.13
Goodwill 62.8962.89103.30317.40317.70338.34595.821,002.721,002.90
Intangible Assets, Net (Excluding Goodwill) 43.6352.9769.9859.62
Total assets 3,618.653,839.944,373.275,043.087,993.698,084.988,723.9911,154.4414,566.4915,406.89
Long-term Debt, Excluding Current Maturities 46.1154.37101.0555.0655.1655.36
Total liabilities 3,284.043,468.833,948.364,526.497,040.677,061.217,619.659,548.9612,218.1213,030.41
Common Stock, Value, Issued 31.9434.9737.7242.5860.3360.4960.4973.1592.0688.42
Retained Earnings (Accumulated Deficit) 105.12105.80126.30153.04192.96260.59333.90401.71480.93582.03
Accumulated Other Comprehensive Income (Loss), Net of Tax 0.25-1.30-1.76-9.590.41-1.936.51-3.70-36.07-13.37

SOUTH STATE Corp Cash Flow

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Net income 13.6051.8822.6030.0349.2275.4499.47101.2887.55178.87
Depreciation 77.808.701011.1011.1011.5015.2018.70
Amortization of Intangible Assets 0.531.651.992.176.088.328.327.5810.3514.21
Depreciation and amortization 6.879.2910.7712.0917.5021.1821.4721.5828.7035.70
Deferred Income Tax Expense (Benefit) -2.9323.98-10.2025.09-0.1225.817.0512.2532.0813.33
Net Cash Provided by (Used in) Operating Activities 186.87138.01197.89283.71
Payments to Acquire Property, Plant, and Equipment 6.3424.1719.468.3913.7516.1115.2325.8015.1614.54
Net Cash Provided by (Used in) Investing Activities -103.02-690.92-60.90-282.15
Net Cash Provided by (Used in) Investing Activities, Continuing Operations 93.98299.95115.35229.87418.42-9.50-103.02-690.92
Proceeds from Issuance of Common Stock 29.820.6735.530.720.780.830.910.931.061.33
Payments for Repurchase of Common Stock 0.450.260.340.840.930.925.635.985.5170.58
Payments of Ordinary Dividends, Common Stock 8.188.689.5110.2415.2719.7923.7129.2938.6250.56
Net Cash Provided by (Used in) Financing Activities 194.07231.56-133.8129.79
Cash and Cash Equivalents, Period Increase (Decrease) 277.93-321.353.18