Heritage Commerce Corp
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 Heritage Commerce Corp generated cash of $73,010,000, which is more than the previous year. Cash used in financing activities reached the amount of -$41,666,000 last year. Net change in cash is therefore $101,526,000.
Cash Flow
| 2014 | 19.38M | -74.60M | 65.02M |
|---|---|---|---|
| 2015 | 28.49M | -68.50M | 261.69M |
| 2016 | 25.89M | -287.56M | 183.67M |
| 2017 | 41.35M | -237.29M | 246.05M |
| 2018 | 48.57M | 77.65M | -277.88M |
| 2019 | 50.34M | 271.23M | -28.78M |
| 2020 | 58.08M | 145.59M | 470.02M |
| 2021 | 56.84M | -696.83M | 815.12M |
| 2022 | 69.85M | -669.48M | -399.97M |
| 2023 | 73.01M | 70.18M | -41.66M |
HTBK Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 306.60M | 1.30B | 1.13B | 457.37M | 164.56M | 316.22M | 266.10M | 344.09M | 122.40M | 112.60M |
Operating activities | ||||||||||
Net income | 64.44M | 66.55M | 47.7M | 35.29M | 40.46M | 35.33M | 23.82M | 27.38M | 16.49M | 13.42M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 3.52M | 3.75M | 4.06M | 4.70M | 3.58M | 2.69M | 2.14M | 2.33M | 1.72M | 1.23M |
Stock-based compensation expense | 2.39M | 3.17M | 2.51M | 2.24M | 1.92M | 1.81M | 1.75M | 1.41M | 1.23M | 853K |
| Deferred income tax benefit | 2.39M | 3.17M | 2.51M | 2.24M | 1.92M | 1.81M | 1.75M | 1.41M | 1.23M | 853K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 2.41M | 978K | 6.12M | 8.10M | 8.40M | 1.57M | 10.49M | -1.23M | 16.27M | -2.42M |
Inventories | 0 | 2.07M | 1.08M | 6.64M | 6.49M | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 6.06M | -2.07M | -1.08M | -6.64M | -6.49M | 1.21M | 348K | -1.66M | -1.96M | 5.24M |
Cash generated by operating activities | 73.01M | 69.85M | 56.84M | 58.08M | 50.34M | 48.57M | 41.35M | 25.89M | 28.49M | 19.38M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | -572.26M | -474.01M | -30.91M | -161.99M | -194.30M | -265.40M | -315.24M | -242.12M | -57.88M |
Investments In Property Plant And Equipment | -1.67M | -783K | -252K | -3.16M | -203K | -187K | -649K | -480K | -1.00M | -817K |
Acquisitions Net | 0 | 0 | -466.04M | -85.64M | 117.98M | 36.02M | -77.19M | -139.74M | 165.78M | -21.91M |
Cash generated by investing activities | 70.18M | -669.48M | -696.83M | 145.59M | 271.23M | 77.65M | -237.29M | -287.56M | -68.50M | -74.60M |
Financing activities | ||||||||||
Common Stock Issued | 1.22M | 2.04M | 1.46M | 1.71M | -185.59M | 0 | 1.36M | 938K | 0 | 0 |
Payments for dividends | -31.74M | -31.49M | -31.27M | -31.07M | -22.72M | -18.46M | -15.23M | -13.62M | -10.73M | -5.75M |
Repurchases of common stock | 0 | -2.04M | 0 | -1.38M | 185.59M | 0 | 0 | 0 | 58.27M | 0 |
Repayments of term debt | 0 | -726K | 0 | -328K | -10M | 0 | 39.07M | -3M | 3M | -31.64M |
Cash used in financing activities | -41.66M | -399.97M | 815.12M | 470.02M | -28.78M | -277.88M | 246.05M | 183.67M | 261.69M | 65.02M |
Net Change In Cash | 101.52M | -999.61M | 175.14M | 673.70M | 292.80M | -151.65M | 50.11M | -77.98M | 221.68M | 9.79M |
Cash at end of period | 408.12M | 306.60M | 1.30B | 1.13B | 457.37M | 164.56M | 316.22M | 266.10M | 344.09M | 122.40M |
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