Mackinac Financial
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 Mackinac Financial generated cash of $18,342,000, which is more than the previous year. Cash used in financing activities reached the amount of $166,629,000 last year. Net change in cash is therefore $169,151,000.
Cash Flow
| 2011 | 1.87M | -19.91M | 17.38M |
|---|---|---|---|
| 2012 | 9.97M | -56.21M | 39.12M |
| 2013 | 9.30M | -38.95M | 20.90M |
| 2014 | 8.44M | -54.98M | 50.26M |
| 2015 | 13.09M | -5.98M | -4.04M |
| 2016 | 377K | -42.29M | 63.66M |
| 2017 | 15.74M | -22.51M | -2.56M |
| 2018 | 20.63M | 65.48M | -59.38M |
| 2019 | 7.59M | -4.82M | -17.10M |
| 2020 | 18.34M | -15.82M | 166.62M |
MFNC Cash Flow Statement (2011 – 2020)
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 49.82M | 64.15M | 37.42M | 46.75M | 25.00M | 21.94M | 18.21M | 26.96M | 34.07M | 34.71M |
Operating activities | ||||||||||
Net income | 13.47M | 13.85M | 8.36M | 5.47M | 4.48M | 5.59M | 1.7M | 5.93M | 7.08M | 2.21M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 2.89M | 2.88M | 2.60M | 2.42M | 1.92M | 1.67M | 1.50M | 1.65M | 1.54M | 1.41M |
Stock-based compensation expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 333K | 66K | 0 |
| Deferred income tax benefit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 333K | 66K | 0 |
| 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 | 18.34M | 7.59M | 20.63M | 15.74M | 377K | 13.09M | 8.44M | 9.30M | 9.97M | 1.87M |
Investing activities | ||||||||||
Purchases Of Investments | -40.18M | -18.83M | -1.98M | -5.99M | -16.10M | -23.89M | -8.31M | -15.70M | -15.20M | -21.26M |
Investments In Property Plant And Equipment | -5.06M | -2.73M | -2.54M | -2.37M | -2.13M | -1.34M | -1.43M | -1.49M | 0 | -1.03M |
Acquisitions Net | 5.06M | 2.73M | 5M | 2.37M | 1M | 1.34M | -4M | 1.49M | 0 | 0 |
Cash generated by investing activities | -15.82M | -4.82M | 65.48M | -22.51M | -42.29M | -5.98M | -54.98M | -38.95M | -56.21M | -19.91M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 32.45M | 0 | 0 | 0 | 0 | 0 | 11.50M | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.25M | -773K | -551K |
Repurchases of common stock | -3.27M | 0 | 0 | 0 | -150K | -1.12M | -143K | -11.50M | 0 | 0 |
Repayments of term debt | -101.35M | 0 | -62.73M | 0 | -8.97M | 0 | -373K | -73K | -72K | -72K |
Cash used in financing activities | 166.62M | -17.10M | -59.38M | -2.56M | 63.66M | -4.04M | 50.26M | 20.90M | 39.12M | 17.38M |
Net Change In Cash | 169.15M | -14.33M | 26.73M | -9.32M | 21.74M | 3.06M | 3.72M | -8.74M | -7.10M | -649K |
Cash at end of period | 218.97M | 49.82M | 64.15M | 37.42M | 46.75M | 25.00M | 21.94M | 18.21M | 26.96M | 34.07M |
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