Citizens Financial Services
Cash Flow
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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 Financial Services generated cash of $26,537,000, which is less than the previous year. Cash used in financing activities reached the amount of -$59,395,000 last year. Net change in cash is therefore $26,607,000.
Cash Flow
| 2014 | 16.17M | -8.21M | -6.62M |
|---|---|---|---|
| 2015 | 12.81M | 19.06M | -18.91M |
| 2016 | 16.19M | -70.07M | 47.25M |
| 2017 | 15.73M | -105.42M | 90.44M |
| 2018 | 21.48M | -72.35M | 49.14M |
| 2019 | 21.76M | -32.32M | 12.27M |
| 2020 | 11.82M | -110.73M | 149.09M |
| 2021 | 38.69M | -158.23M | 223.66M |
| 2022 | 33.24M | -362.45M | 182.59M |
| 2023 | 26.53M | 59.46M | -59.39M |
CZFS Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 26.21M | 172.83M | 68.70M | 18.52M | 16.79M | 18.51M | 17.75M | 24.38M | 11.42M | 10.08M |
Operating activities | ||||||||||
Net income | 17.81M | 29.06M | 29.11M | 25.10M | 19.49M | 18.03M | 13.02M | 12.63M | 11.62M | 13.38M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 1.52M | 1.03M | 1.11M | -2.82M | 498K | 387K | 200K | 320K | 464K | 472K |
Stock-based compensation expense | 309K | 336K | 614K | 473K | 369K | 308K | 278K | 284K | 179K | 200K |
| Deferred income tax benefit | 309K | 336K | 614K | 473K | 369K | 308K | 278K | 284K | 179K | 200K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | -2.09M | 764K | -857K | -103K | -256K | -34K | 122K | -285K | 84K |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 0 | 521K | -306K | -235K | 12K | 179K | 147K | -14K | -36K | -139K |
Cash generated by operating activities | 26.53M | 33.24M | 38.69M | 11.82M | 21.76M | 21.48M | 15.73M | 16.19M | 12.81M | 16.17M |
Investing activities | ||||||||||
Purchases Of Investments | -11.71M | -133.23M | -214.90M | -152.72M | -80.55M | -77.86M | -62.90M | -59.00M | -115.18M | -59.07M |
Investments In Property Plant And Equipment | -2.61M | -1.63M | -1.10M | -942K | -483K | -500K | -208K | -587K | -776K | -1.30M |
Acquisitions Net | 4.90M | -1.12M | -29.37M | 1.02M | -36.24M | -86.33M | -4.39M | -103.17M | 77.89M | -18.81M |
Cash generated by investing activities | 59.46M | -362.45M | -158.23M | -110.73M | -32.32M | -72.35M | -105.42M | -70.07M | 19.06M | -8.21M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 4.98M | 126K | 0 | 10.20M | 43K | 59K | 0 | 4.70M |
Payments for dividends | -8.50M | -7.58M | -7.38M | -6.53M | -6.31M | -6.11M | -5.17M | -5.08M | -5.15M | -6.12M |
Repurchases of common stock | -265K | -1.27M | -1.37M | -2.12M | -1.29M | -1.48M | -979K | -3.22M | -2.46M | -984K |
Repayments of term debt | 5.43M | 183.28M | -26.8M | -15M | -6.07M | -1M | 35.00M | -534K | -168K | -4.2M |
Cash used in financing activities | -59.39M | 182.59M | 223.66M | 149.09M | 12.27M | 49.14M | 90.44M | 47.25M | -18.91M | -6.62M |
Net Change In Cash | 26.60M | -146.62M | 104.12M | 50.18M | 1.72M | -1.72M | 763K | -6.63M | 12.96M | 1.34M |
Cash at end of period | 52.81M | 26.21M | 172.83M | 68.70M | 18.52M | 16.79M | 18.51M | 17.75M | 24.38M | 11.42M |
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