Independent Bank
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 Independent Bank generated cash of $75,589,000, which is less than the previous year. Cash used in financing activities reached the amount of $182,766,000 last year. Net change in cash is therefore $95,410,000.
Cash Flow
| 2014 | 13.07M | -82.11M | 23.98M |
|---|---|---|---|
| 2015 | 24.03M | -160.51M | 148.24M |
| 2016 | 23.98M | -138.85M | 112.56M |
| 2017 | 38.60M | -277.57M | 210.51M |
| 2018 | 44.92M | -183.36M | 153.95M |
| 2019 | 33.98M | -181.64M | 142.72M |
| 2020 | 58.17M | -553.39M | 548.62M |
| 2021 | 110.15M | -563.06M | 443.67M |
| 2022 | 94.63M | -424.59M | 294.85M |
| 2023 | 75.58M | -162.94M | 182.76M |
IBCP Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 74.37M | 109.47M | 118.70M | 65.30M | 70.24M | 54.73M | 83.19M | 85.78M | 74.01M | 119.08M |
Operating activities | ||||||||||
Net income | 59.06M | 63.35M | 62.89M | 56.15M | 46.43M | 39.83M | 20.47M | 22.76M | 20.01M | 18.02M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 5.74M | 10.82M | 12.13M | 9.16M | 6.05M | 6.03M | 6.95M | 5.21M | 4.55M | 3.01M |
Stock-based compensation expense | 2.22M | 2.14M | 1.94M | 1.98M | 1.85M | 1.73M | 1.74M | 1.62M | 1.47M | 1.19M |
| Deferred income tax benefit | 2.22M | 2.14M | 1.94M | 1.98M | 1.85M | 1.73M | 1.74M | 1.62M | 1.47M | 1.19M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -14.61M | -25.84M | -11.66M | -7.96M | -6.06M | -4.89M | -3.70M | -7.18M | -1.48M | -2.57M |
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 | 75.58M | 94.63M | 110.15M | 58.17M | 33.98M | 44.92M | 38.60M | 23.98M | 24.03M | 13.07M |
Investing activities | ||||||||||
Purchases Of Investments | -1.74M | -140.20M | -824.34M | -859.06M | -237.67M | -116.4M | -100.58M | -298.36M | -235.15M | -225.26M |
Investments In Property Plant And Equipment | -6.02M | -5.67M | -5.83M | -4.38M | -4.93M | -3.86M | -4.24M | -3.45M | -4.35M | -4.29M |
Acquisitions Net | 1.64M | 1.83M | 5.83M | 4.38M | 4.93M | 23.51M | 33.44M | 416K | -7.22M | 0 |
Cash generated by investing activities | -162.94M | -424.59M | -563.06M | -553.39M | -181.64M | -183.36M | -277.57M | -138.85M | -160.51M | -82.11M |
Financing activities | ||||||||||
Common Stock Issued | 70K | 77K | 61K | 15K | 284K | 0 | 72K | 0 | 112K | 97K |
Payments for dividends | -19.32M | -18.56M | -18.15M | -17.61M | -16.55M | -14.05M | -8.96M | -7.27M | -5.89M | -4.12M |
Repurchases of common stock | -5.15M | -4.01M | -17.26M | -14.23M | -26.28M | -12.68M | 0 | -16.85M | -13.49M | 39.59M |
Repayments of term debt | -35.98M | 55.99M | -100.00M | -297.90M | 62.85M | -43.29M | 45.16M | -2.52M | -516K | -9.47M |
Cash used in financing activities | 182.76M | 294.85M | 443.67M | 548.62M | 142.72M | 153.95M | 210.51M | 112.56M | 148.24M | 23.98M |
Net Change In Cash | 95.41M | -35.10M | -9.23M | 53.40M | -4.94M | 15.50M | -28.45M | -2.58M | 11.76M | -45.06M |
Cash at end of period | 169.78M | 74.37M | 109.47M | 118.70M | 65.30M | 70.24M | 54.73M | 83.19M | 85.78M | 74.01M |
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