Sterling Bancorp, Inc. (Southfield, MI)
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 Sterling Bancorp, Inc. (Southfield, MI) generated cash of -$24,910,000, which is less than the previous year. Cash used in financing activities reached the amount of -$15,296,000 last year. Net change in cash is therefore $198,169,000.
Cash Flow
| 2015 | 24.49M | -460.87M | 441.81M |
|---|---|---|---|
| 2016 | 28.70M | -428.74M | 408.55M |
| 2017 | 44.41M | -774.73M | 748.34M |
| 2018 | 60.57M | -208.65M | 160.45M |
| 2019 | 71.28M | 7.64M | -53.63M |
| 2020 | 4.94M | 223.78M | 691.94M |
| 2021 | 30.74M | 352.47M | -970.03M |
| 2022 | 2.33M | 373.69M | -407.91M |
| 2023 | -24.91M | 238.37M | -15.29M |
SBT Cash Flow Statement (2015 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 379.79M | 411.67M | 998.49M | 77.81M | 52.52M | 40.14M | 22.12M | 13.61M | 8.18M |
Operating activities | |||||||||
Net income | 7.41M | -14.19M | 23.39M | -12.96M | 29.24M | 63.46M | 37.97M | 33.23M | 22.51M |
| Adjustments to reconcile net income to cash generated by operating activities: | |||||||||
Depreciation and amortization | 1.33M | 1.54M | 1.75M | 1.60M | 2.07M | 1.84M | 1.64M | 1.50M | 1.57M |
Stock-based compensation expense | 2.09M | 900K | 626K | 334K | 497K | 297K | 0 | 0 | 0 |
| Deferred income tax benefit | 2.09M | 900K | 626K | 334K | 497K | 297K | 0 | 0 | 0 |
| Changes in operating assets and liabilities: | |||||||||
Accounts receivable, net | 0 | -133K | 3.29M | 2.72M | -189K | -2.03M | -3.32M | -2.10M | -1.66M |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by operating activities | -24.91M | 2.33M | 30.74M | 4.94M | 71.28M | 60.57M | 44.41M | 28.70M | 24.49M |
Investing activities | |||||||||
Purchases Of Investments | -148.48M | -154.46M | -150.21M | -396.63M | -149.31M | -157.17M | -233.23M | -95.10M | -71.54M |
Investments In Property Plant And Equipment | -472K | -421K | -1.17M | -922K | -1.33M | -3.84M | -2.39M | -2.00M | -1.49M |
Acquisitions Net | 0 | 0 | -63.54M | 0 | 0 | 0 | 218K | 700K | 0 |
Cash generated by investing activities | 238.37M | 373.69M | 352.47M | 223.78M | 7.64M | -208.65M | -774.73M | -428.74M | -460.87M |
Financing activities | |||||||||
Common Stock Issued | 1.36M | 2.66M | 1.35M | 0 | 0 | 0 | 85.49M | 0 | 0 |
Payments for dividends | 0 | 0 | 0 | -499K | -2.04M | -2.11M | -9.63M | -8.56M | -7M |
Repurchases of common stock | -245K | -216K | -46K | -82K | -30.34M | 0 | 0 | 0 | -6.29M |
Repayments of term debt | -65M | -100M | -168M | -11M | -64M | -6.26B | 45.41M | -5.03B | 178.35M |
Cash used in financing activities | -15.29M | -407.91M | -970.03M | 691.94M | -53.63M | 160.45M | 748.34M | 408.55M | 441.81M |
Net Change In Cash | 198.16M | -31.87M | -586.82M | 920.67M | 25.29M | 12.37M | 18.02M | 8.50M | 5.43M |
Cash at end of period | 577.96M | 379.79M | 411.67M | 998.49M | 77.81M | 52.52M | 40.14M | 22.12M | 13.61M |
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