Mercantile 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 Mercantile Bank generated cash of $66,613,000, which is less than the previous year. Cash used in financing activities reached the amount of $363,080,000 last year. Net change in cash is therefore $33,761,000.
Cash Flow
| 2014 | 14.41M | 64.76M | -53.40M |
|---|---|---|---|
| 2015 | 36.00M | -96.20M | -22.64M |
| 2016 | 34.60M | -96.56M | 155.66M |
| 2017 | 38.66M | -191.47M | 169.31M |
| 2018 | 61.73M | -210.48M | 23.99M |
| 2019 | 44.76M | -92.83M | 206.44M |
| 2020 | 37.87M | -398.80M | 753.20M |
| 2021 | 64.57M | -495.50M | 780.08M |
| 2022 | 119.86M | -554.99M | -443.25M |
| 2023 | 66.61M | -395.93M | 363.08M |
MBWM Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 96.77M | 975.16M | 626.00M | 233.73M | 75.35M | 200.10M | 183.59M | 89.89M | 172.73M | 146.96M |
Operating activities | ||||||||||
Net income | 82.21M | 61.06M | 59.02M | 44.13M | 49.45M | 42.02M | 31.27M | 31.91M | 27.02M | 17.33M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 11.49M | 12.94M | 13.67M | 9.42M | 9.55M | 9.76M | 10.35M | 9.57M | 11.65M | 7.61M |
Stock-based compensation expense | 3.38M | 3.37M | 3.78M | 2.32M | 2.93M | 2.41M | 1.98M | 1.45M | 684K | 714K |
| Deferred income tax benefit | 3.38M | 3.37M | 3.78M | 2.32M | 2.93M | 2.41M | 1.98M | 1.45M | 684K | 714K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -4.33M | -6.16M | 1.52M | -917K | -48K | -1.12M | -1.05M | 122K | -321K | -11K |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 14.25M | 32.52M | 335K | 1.89M | -2.81M | 11.02M | -943K | -1.04M | 4.18M | -9.82M |
Cash generated by operating activities | 66.61M | 119.86M | 64.57M | 37.87M | 44.76M | 61.73M | 38.66M | 34.60M | 36.00M | 14.41M |
Investing activities | ||||||||||
Purchases Of Investments | -19.94M | -107.01M | -298.70M | -369.68M | -62.08M | -48.66M | -67.02M | -164.33M | -10.64M | -19.87M |
Investments In Property Plant And Equipment | -6.68M | -3.01M | -5.60M | -8.98M | -13.48M | -6.31M | -5.42M | -2.02M | -1.08M | -2.15M |
Acquisitions Net | 0 | 2.99M | -2.67M | 162K | -98.76M | -191.59M | -178.34M | -97.23M | -188.93M | -90.85M |
Cash generated by investing activities | -395.93M | -554.99M | -495.50M | -398.80M | -92.83M | -210.48M | -191.47M | -96.56M | -96.20M | 64.76M |
Financing activities | ||||||||||
Common Stock Issued | 891K | 867K | 877K | 814K | 729K | 1.16M | 1.57M | 1.60M | 655K | 209K |
Payments for dividends | -21.00M | -19.60M | -18.52M | -17.93M | -17.10M | -27.5M | -12.04M | -18.73M | -9.51M | -24.46M |
Repurchases of common stock | 0 | 0 | -21.38M | -6.59M | -7.18M | -5.94M | 0 | -11.76M | -15.76M | -26.35M |
Repayments of term debt | 159.64M | -54.21M | -20M | -20M | 4M | -30M | 45M | -3M | 1.20M | -3M |
Cash used in financing activities | 363.08M | -443.25M | 780.08M | 753.20M | 206.44M | 23.99M | 169.31M | 155.66M | -22.64M | -53.40M |
Net Change In Cash | 33.76M | -878.38M | 349.15M | 392.27M | 158.37M | -124.74M | 16.50M | 93.70M | -82.84M | 25.77M |
Cash at end of period | 130.53M | 96.77M | 975.16M | 626.00M | 233.73M | 75.35M | 200.10M | 183.59M | 89.89M | 172.73M |
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