Hanover Bancorp
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 Hanover Bancorp generated cash of $16,401,000, which is less than the previous year. Cash used in financing activities reached the amount of $282,636,000 last year. Net change in cash is therefore $42,677,000.
Cash Flow
| 2017 | 0 | 0 | 0 |
|---|---|---|---|
| 2019 | 7.96M | -45.81M | 68.59M |
| 2020 | 566K | -7.29M | -898K |
| 2021 | 13.19M | 89.85M | -16.70M |
| 2022 | 25.04M | -374.14M | 332.5M |
| 2023 | 16.40M | -256.36M | 282.63M |
HNVR Cash Flow Statement (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | |
|---|---|---|---|---|---|---|
Cash at beginning of period | 149.94M | 166.54M | 80.20M | 87.83M | 0 | 0 |
Operating activities | ||||||
Net income | 15.16M | 23.55M | 10.85M | 4.97M | 8.08M | 2.15M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||
Depreciation and amortization | 3.49M | 1.74M | 1.47M | 1.34M | 700K | 0 |
Stock-based compensation expense | 1.87M | 1.68M | 901K | 766K | 416K | 0 |
| Deferred income tax benefit | 1.87M | 1.68M | 901K | 766K | 416K | 0 |
| Changes in operating assets and liabilities: | ||||||
Accounts receivable, net | -2.09M | 817K | 1.92M | -3.50M | -432K | 0 |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 906K | -375K | -134K | -157K | 0 | 0 |
Cash generated by operating activities | 16.40M | 25.04M | 13.19M | 566K | 7.96M | 0 |
Investing activities | ||||||
Purchases Of Investments | 0 | -8M | -4.7M | -5M | -1.89M | 0 |
Investments In Property Plant And Equipment | -3.40M | -1.12M | -2.07M | -1.09M | -1.52M | 0 |
Acquisitions Net | 0 | 0 | 26.16M | -3.87M | 14.53M | 0 |
Cash generated by investing activities | -256.36M | -374.14M | 89.85M | -7.29M | -45.81M | 0 |
Financing activities | ||||||
Common Stock Issued | 0 | 27.72M | 113K | 112K | 5.10M | 0 |
Payments for dividends | -2.92M | -2.04M | 0 | 0 | 0 | 0 |
Repurchases of common stock | -170K | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | 78.15M | -57.71M | -199M | -55.78M | -8.77M | 0 |
Cash used in financing activities | 282.63M | 332.5M | -16.70M | -898K | 68.59M | 0 |
Net Change In Cash | 42.67M | -16.59M | 86.33M | -7.62M | 87.83M | 0 |
Cash at end of period | 192.62M | 149.94M | 166.54M | 80.20M | 87.83M | 0 |
| Data source | Data source | Data source |