Farmers and Merchants 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 Farmers and Merchants Bancshares generated cash of $5,904,410, which is less than the previous year. Cash used in financing activities reached the amount of $73,881,883 last year. Net change in cash is therefore $37,426,800.
Cash Flow
| 2015 | 4.35M | -14.69M | 17.95M |
|---|---|---|---|
| 2017 | 7.20M | -32.09M | 18.67M |
| 2019 | 5.38M | -28.70M | 17.82M |
| 2020 | 4.14M | -45.38M | 73.10M |
| 2021 | 10.15M | -57.43M | 32.76M |
| 2022 | 7.45M | -35.66M | 9.00M |
| 2023 | 5.90M | -42.35M | 73.88M |
FMFG Cash Flow Statement (2015 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2015 | |
|---|---|---|---|---|---|---|---|
Cash at beginning of period | 7.26M | 26.46M | 40.97M | 9.12M | 14.61M | 13.31M | 12.58M |
Operating activities | |||||||
Net income | 6.41M | 8.09M | 8.14M | 2.68M | 4.56M | 3.78M | 4.26M |
| Adjustments to reconcile net income to cash generated by operating activities: | |||||||
Depreciation and amortization | 511.84K | 495.17K | 487.99K | 415.78K | 344.17K | 419.28K | 339.26K |
Stock-based compensation expense | 42.78K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred income tax benefit | 42.78K | 0 | 0 | 0 | 0 | 0 | 0 |
| Changes in operating assets and liabilities: | |||||||
Accounts receivable, net | -364.95K | -206.72K | 448.42K | -200.45K | -29.01K | -63.29K | 17.50K |
Inventories | 0 | -54K | 113.71K | 0 | 0 | 0 | 0 |
Accounts payable | 1.13M | 54K | -113.71K | 0 | 0 | 0 | 0 |
Cash generated by operating activities | 5.90M | 7.45M | 10.15M | 4.14M | 5.38M | 7.20M | 4.35M |
Investing activities | |||||||
Purchases Of Investments | -49.74M | -19.19M | -130.51M | -34.31M | -20.21M | -2.93M | 0 |
Investments In Property Plant And Equipment | -863.41K | -3.21M | -329.25K | -387.11K | -256.56K | -114.24K | -451.08K |
Acquisitions Net | 0 | -35.41M | 1.38M | -19.36M | 10.94M | 0 | 0 |
Cash generated by investing activities | -42.35M | -35.66M | -57.43M | -45.38M | -28.70M | -32.09M | -14.69M |
Financing activities | |||||||
Common Stock Issued | 0 | 0 | 0 | 0 | 3.11M | 0 | 0 |
Payments for dividends | -1.23M | -1.22M | -1.15M | -1.06M | -1.02M | -953.52K | -652.44K |
Repurchases of common stock | 0 | 0 | 0 | 0 | -64.15K | 0 | 0 |
Repayments of term debt | 16.11M | 13.11M | -19.33M | -22.76M | -3M | 8M | 3M |
Cash used in financing activities | 73.88M | 9.00M | 32.76M | 73.10M | 17.82M | 18.67M | 17.95M |
Net Change In Cash | 37.42M | -19.19M | -14.51M | 31.85M | -5.49M | -6.07M | 7.60M |
Cash at end of period | 44.69M | 7.26M | 26.46M | 40.97M | 9.12M | 7.23M | 20.19M |
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