Independent Bank 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 Independent Bank Corp. generated cash of $276,994,000, which is less than the previous year. Cash used in financing activities reached the amount of -$193,947,000 last year. Net change in cash is therefore -$128,603,000.
Cash Flow
| 2014 | 84.73M | -287.10M | 164.29M |
|---|---|---|---|
| 2015 | 89.54M | -205.54M | 213.50M |
| 2016 | 93.33M | -238.88M | 158.88M |
| 2017 | 130.90M | -316.76M | 109.88M |
| 2018 | 141.83M | -387.51M | 283.01M |
| 2019 | 216.52M | 20.16M | -336.16M |
| 2020 | 64.63M | -488.21M | 1.56B |
| 2021 | 190.22M | -63.13M | 816.96M |
| 2022 | 421.2M | -1.00B | -1.30B |
| 2023 | 276.99M | -211.65M | -193.94M |
INDB Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 352.93M | 2.24B | 1.29B | 150.97M | 250.45M | 213.11M | 289.09M | 275.76M | 178.25M | 216.32M |
Operating activities | ||||||||||
Net income | 239.50M | 263.81M | 120.99M | 121.16M | 165.17M | 121.62M | 87.20M | 76.64M | 64.96M | 59.84M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 25.77M | 38.79M | 32.82M | 27.26M | 19.43M | 15.99M | 15.68M | 14.35M | 12.28M | 11.01M |
Stock-based compensation expense | 6.37M | 4.46M | 4.30M | 4.12M | 4.40M | 4.22M | 3.33M | 2.96M | 2.49M | 2.71M |
| Deferred income tax benefit | 6.37M | 4.46M | 4.30M | 4.12M | 4.40M | 4.22M | 3.33M | 2.96M | 2.49M | 2.71M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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 | 276.99M | 421.2M | 190.22M | 64.63M | 216.52M | 141.83M | 130.90M | 93.33M | 89.54M | 84.73M |
Investing activities | ||||||||||
Purchases Of Investments | -32.91M | -962.15M | -1.91B | -348.21M | -139.40M | -284.27M | -237.56M | -177.49M | -250.14M | -117.47M |
Investments In Property Plant And Equipment | -16.00M | -22.07M | -25.2M | -12.58M | -16.58M | -11.10M | -25.08M | -10.39M | -10.48M | -7.67M |
Acquisitions Net | 0 | 3.34M | 787.30M | -505.43M | -105.26M | -6.90M | 6.28M | 8.66M | -13.44M | -265.74M |
Cash generated by investing activities | -211.65M | -1.00B | -63.13M | -488.21M | 20.16M | -387.51M | -316.76M | -238.88M | -205.54M | -287.10M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 2.35M | 1.96M | 2.32M | 5.23M | 2.89M | 1.85M | 2.52M | 0 | 1.55M |
Payments for dividends | -98.00M | -93.73M | -62.73M | -60.84M | -53.27M | -40.16M | -34.04M | -29.71M | -26.17M | -22.44M |
Repurchases of common stock | -190.05M | -141.03M | -1.24M | -96.27M | -1.46M | -1.37M | -1.42M | -696K | -657K | 259.34M |
Repayments of term debt | 0 | -39.06M | -604.83M | -77.18M | -80.74M | -2.47M | 0 | -102.79M | -89M | -75M |
Cash used in financing activities | -193.94M | -1.30B | 816.96M | 1.56B | -336.16M | 283.01M | 109.88M | 158.88M | 213.50M | 164.29M |
Net Change In Cash | -128.60M | -1.88B | 944.04M | 1.14B | -99.48M | 37.33M | -75.97M | 13.33M | 97.51M | -38.07M |
Cash at end of period | 224.33M | 352.93M | 2.24B | 1.29B | 150.97M | 250.45M | 213.11M | 289.09M | 275.76M | 178.25M |
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