Summit Bank Group
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 Summit Bank Group generated cash of $22,087,113, which is more than the previous year. Cash used in financing activities reached the amount of $96,998,428 last year. Net change in cash is therefore -$65,917,710.
Cash Flow
| 2015 | 2.83M | -40.73M | 54.29M |
|---|---|---|---|
| 2017 | 6.18M | -51.50M | 49.63M |
| 2019 | 6.99M | -94.14M | 80.29M |
| 2020 | 16.30M | -137.14M | 234.51M |
| 2021 | 11.30M | -113.92M | 136.27M |
| 2022 | 15.59M | -135.05M | 62.78M |
| 2023 | 22.08M | -185.00M | 96.99M |
SBKO Cash Flow Statement (2015 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2015 | |
|---|---|---|---|---|---|---|---|
Cash at beginning of period | 140.31M | 196.99M | 163.34M | 49.66M | 56.51M | 36.64M | 17.98M |
Operating activities | |||||||
Net income | 8.92M | 13.55M | 10.87M | 7.93M | 5.61M | 3.28M | 2.74M |
| Adjustments to reconcile net income to cash generated by operating activities: | |||||||
Depreciation and amortization | 643.49K | 528.55K | 515.93K | 495.12K | 442.01K | 339.14K | 296.25K |
Stock-based compensation expense | 619.12K | 388.71K | 340.35K | 335.26K | 482.40K | 127.41K | 13.96K |
| Deferred income tax benefit | 619.12K | 388.71K | 340.35K | 335.26K | 482.40K | 127.41K | 13.96K |
| Changes in operating assets and liabilities: | |||||||
Accounts receivable, net | -634.33K | -1.78M | -212.97K | -395.38K | -142.47K | -411.99K | -118.61K |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by operating activities | 22.08M | 15.59M | 11.30M | 16.30M | 6.99M | 6.18M | 2.83M |
Investing activities | |||||||
Purchases Of Investments | 0 | -5.5M | -64.92M | -8.23M | -2.98M | -1.95M | 0 |
Investments In Property Plant And Equipment | -3.91M | -3.15M | -2.98M | -186.91K | -940.11K | -246.67K | -2.63M |
Acquisitions Net | 0 | 1.18M | 60.63M | 3.70M | -264.15K | 0 | 0 |
Cash generated by investing activities | -185.00M | -135.05M | -113.92M | -137.14M | -94.14M | -51.50M | -40.73M |
Financing activities | |||||||
Common Stock Issued | 59.88K | 334.54K | 190.42K | 8.02M | 132.78K | 6.23M | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | 0 | 0 | -1.44M | -20.82M | 0 | 0 | -41.79K |
Cash used in financing activities | 96.99M | 62.78M | 136.27M | 234.51M | 80.29M | 49.63M | 54.29M |
Net Change In Cash | -65.91M | -56.67M | 33.65M | 113.67M | -6.85M | 4.31M | 16.40M |
Cash at end of period | 74.40M | 140.31M | 196.99M | 163.34M | 49.66M | 40.96M | 34.38M |