Citizens Bancshares
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 Citizens Bancshares generated cash of $17,039,253, which is more than the previous year. Cash used in financing activities reached the amount of -$77,789,044 last year. Net change in cash is therefore -$117,395,539.
Cash Flow
| 2014 | 3.88M | 11.73M | 3.61M |
|---|---|---|---|
| 2015 | 2.35M | 5.44M | -7.31M |
| 2016 | 3.91K | -19.89K | 5.38K |
| 2017 | 3.65M | -12.06M | 20.84M |
| 2018 | 6.99K | -5.76K | -22.44K |
| 2019 | 6.40M | 4.95M | -1.33M |
| 2020 | 7.07M | 2.00M | 146.82M |
| 2021 | 8.97M | -30.56M | 90.70M |
| 2022 | 9.35M | -154.85M | 141.04M |
| 2023 | 17.03M | -56.64M | -77.78M |
CZBS Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 0 | 278.37M | 195.44M | 39.53M | 54.19M | 50.72K | 38.30M | 48.89K | 48.41M | 29.16M |
Operating activities | ||||||||||
Net income | 12.29M | 9.43M | 4.06M | 5.21M | 3.74M | 3.95K | 1.61M | 2.03K | 1.81M | 1.80M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 619.92K | 607.31K | 621.16K | 606.05K | 655.06K | 1.22K | 1.26M | 764 | 1.50M | 1.52M |
Stock-based compensation expense | 0 | 264.23K | 225.53K | 222.47K | 215.45K | 258 | -74.01K | 28 | -1.64K | 0 |
| Deferred income tax benefit | 0 | 264.23K | 225.53K | 222.47K | 215.45K | 258 | -74.01K | 28 | -1.64K | 0 |
| 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 | 17.03M | 9.35M | 8.97M | 7.07M | 6.40M | 6.99K | 3.65M | 3.91K | 2.35M | 3.88M |
Investing activities | ||||||||||
Purchases Of Investments | -43.12M | -122.02M | -58.60M | -3.44M | -10.76M | 0 | 0 | 0 | -39.27M | -4.85M |
Investments In Property Plant And Equipment | -365.34K | -204.10K | -217.14K | -900.36K | -245.13K | -567 | -2.22M | -908 | -291.87K | -353.41K |
Acquisitions Net | 30.65K | 52.10M | 2.62M | 656.83K | -8.36M | 0 | 0 | 0 | 2.32M | 0 |
Cash generated by investing activities | -56.64M | -154.85M | -30.56M | 2.00M | 4.95M | -5.76K | -12.06M | -19.89K | 5.44M | 11.73M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 100.7M | 22M | 148.87M | 0 | 0 | 0 | 0 | 191.07K | 114.78K |
Payments for dividends | -1.76M | -1.22M | -933.89K | -692.47K | -1.05M | -525 | -307.06K | -421 | -409.13K | -408.56K |
Repurchases of common stock | -7.59M | -198.80K | -225.94K | -1.08M | -831.25K | -81 | -999.57K | -61 | -48.40K | 0 |
Repayments of term debt | -3.02M | 2.97M | -1.17M | -421.41K | -13.17M | -2.77K | 6.87M | -19 | 4.98M | -18.99K |
Cash used in financing activities | -77.78M | 141.04M | 90.70M | 146.82M | -1.33M | -22.44K | 20.84M | 5.38K | -7.31M | 3.61M |
Net Change In Cash | -117.39M | -72.55M | 69.11M | 155.90M | 28.63M | -21.21K | 12.42M | -10.59K | 486.19K | 19.24M |
Cash at end of period | -117.39M | 205.81M | 264.55M | 195.44M | 82.83M | 29.50K | 50.72M | 38.3K | 48.89M | 48.41M |