ChoiceOne Financial Services
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of ChoiceOne Financial Services generated cash of $46,482,000, which is more than the previous year. Cash used in financing activities reached the amount of $146,373,000 last year. Net change in cash is therefore $11,490,000.
Cash Flow
| 2014 | 7.47M | -38.66M | 27.36M |
|---|---|---|---|
| 2015 | 3.97M | -22.66M | 13.21M |
| 2016 | 10.92M | -41.47M | 34.17M |
| 2017 | 8.09M | -18.30M | 32.24M |
| 2018 | 9.95M | -43.85M | 16.75M |
| 2019 | 9.20M | 36.35M | -5.68M |
| 2020 | 8.47M | -250.75M | 262.23M |
| 2021 | 37.69M | -521.37M | 436.04M |
| 2022 | 45.01M | -90.49M | 57.53M |
| 2023 | 46.48M | -181.36M | 146.37M |
COFS Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 43.94M | 31.88M | 79.51M | 59.55M | 19.69M | 36.83M | 14.80M | 11.18M | 16.65M | 20.47M |
Operating activities | ||||||||||
Net income | 21.26M | 23.64M | 22.04M | 15.61M | 7.17M | 7.33M | 6.16M | 6.09M | 5.74M | 5.69M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 12.43M | 13.34M | 12.42M | 7.70M | 3.12M | 2.07M | 2.45M | 2.60M | 2.48M | 2.47M |
Stock-based compensation expense | 1.00M | 958K | 812K | 512K | 373K | 344K | 317K | 380K | 118K | 60K |
| Deferred income tax benefit | 1.00M | 958K | 812K | 512K | 373K | 344K | 317K | 380K | 118K | 60K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by operating activities | 46.48M | 45.01M | 37.69M | 8.47M | 9.20M | 9.95M | 8.09M | 10.92M | 3.97M | 7.47M |
Investing activities | ||||||||||
Purchases Of Investments | -2.24M | -65.54M | -637.94M | -375.67M | -209.76M | -31.45M | -56.12M | -69.52M | -70.90M | -41.77M |
Investments In Property Plant And Equipment | -4.23M | -1.16M | -2.75M | -1.85M | -766K | -4.20M | -1.65M | -1.81M | -1.03M | -786K |
Acquisitions Net | 0 | 0 | 45.38M | 35.63M | 20.63M | 0 | 0 | -20.27M | -3.67M | -31.37M |
Cash generated by investing activities | -181.36M | -90.49M | -521.37M | -250.75M | 36.35M | -43.85M | -18.30M | -41.47M | -22.66M | -38.66M |
Financing activities | ||||||||||
Common Stock Issued | 231K | 172K | 139K | 134K | 142K | 77K | 98K | 85K | 206K | 132K |
Payments for dividends | -7.91M | -7.57M | -7.2M | -6.17M | -5.81M | -2.58M | -2.32M | -2.23M | -2.17M | -1.94M |
Repurchases of common stock | 0 | -767K | -7.78M | 0 | -67K | -523K | -203K | -794K | -371K | -203K |
Repayments of term debt | 150M | 0 | -14.32M | -33.92M | 4.96M | -143.53M | 7.96M | -310.04M | -24.31M | -75.72M |
Cash used in financing activities | 146.37M | 57.53M | 436.04M | 262.23M | -5.68M | 16.75M | 32.24M | 34.17M | 13.21M | 27.36M |
Net Change In Cash | 11.49M | 12.05M | -47.63M | 19.96M | 39.86M | -17.14M | 22.02M | 3.62M | -5.46M | -3.82M |
Cash at end of period | 55.43M | 43.94M | 31.88M | 79.51M | 59.55M | 19.69M | 36.83M | 14.80M | 11.18M | 16.65M |
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