Highlands Bankshares
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 Highlands Bankshares generated cash of $5,265,000, which is less than the previous year. Cash used in financing activities reached the amount of $18,756,000 last year. Net change in cash is therefore $687,000.
Cash Flow
| 2014 | 4.86M | -1.92M | 581K |
|---|---|---|---|
| 2015 | 3.38M | -15.10M | 7.38M |
| 2016 | 4.89M | -3.70M | 679K |
| 2017 | 3.92M | -4.22M | 291K |
| 2018 | 5.35M | -8.34M | 4.18M |
| 2019 | 4.72M | -6.82M | 1.41M |
| 2020 | 6.22M | -56.94M | 51.44M |
| 2021 | 6.44M | -46.95M | 39.60M |
| 2022 | 5.49M | -19.35M | 13.33M |
| 2023 | 5.26M | -23.33M | 18.75M |
HBSI Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 4.81M | 5.34M | 6.24M | 5.52M | 6.20M | 5.02M | 5.03M | 6.63M | 10.97M | 7.45M |
Operating activities | ||||||||||
Net income | 3.55M | 4.42M | 4.93M | 3.34M | 3.52M | 3.88M | 2.46M | 3.72M | 3.33M | 3.30M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 929K | 928K | 947K | 962K | 802K | 759K | 682K | 603K | 730K | 860K |
Stock-based compensation expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred income tax benefit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -375K | -303K | 9K | -139K | 75K | -2K | -106K | -16K | 71K | 14K |
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 | 5.26M | 5.49M | 6.44M | 6.22M | 4.72M | 5.35M | 3.92M | 4.89M | 3.38M | 4.86M |
Investing activities | ||||||||||
Purchases Of Investments | -1.89M | -24.49M | -81.74M | -47.53M | -8.98M | -3.10M | -6.74M | -9.34M | -12.62M | -11.94M |
Investments In Property Plant And Equipment | -1.43M | -626K | -259K | -512K | -1.93M | -535K | -2.85M | -1.79M | -535K | -560K |
Acquisitions Net | 2K | 264K | 2.81M | 1.10M | 958K | -11.39M | -4.02M | -6.81M | -16.65M | -140K |
Cash generated by investing activities | -23.33M | -19.35M | -46.95M | -56.94M | -6.82M | -8.34M | -4.22M | -3.70M | -15.10M | -1.92M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Payments for dividends | -2.36M | -2.40M | -2.23M | -2.27M | -2.40M | -2.20M | -1.52M | -1.44M | -1.33M | -989K |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | 3.41M | 6.82M | -1.60M | -1.94M | -1.77M | -1.47M | -1.92M | -1.38M | 2.13M | -1.37M |
Cash used in financing activities | 18.75M | 13.33M | 39.60M | 51.44M | 1.41M | 4.18M | 291K | 679K | 7.38M | 581K |
Net Change In Cash | 687K | -526K | -900K | 717K | -684K | 1.18M | -9K | 1.86M | -4.34M | 3.52M |
Cash at end of period | 5.50M | 4.81M | 5.34M | 6.24M | 5.52M | 6.20M | 5.02M | 8.49M | 6.63M | 10.97M |