Southern Michigan Bancorp
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 Southern Michigan Bancorp generated cash of $16,238,000, which is more than the previous year. Cash used in financing activities reached the amount of $119,693,000 last year. Net change in cash is therefore -$5,635,000.
Cash Flow
| 2014 | 7.57M | -23.10M | -1.46M |
|---|---|---|---|
| 2015 | 8.31M | -42.44M | 32.24M |
| 2016 | 7.52M | -57.94M | 53.25M |
| 2017 | 6.93M | -70.31M | 64.48M |
| 2018 | 12.05M | 9.10M | 16.15M |
| 2019 | 10.62M | -52.54M | 56.28M |
| 2020 | 9.91M | -152.11M | 173.08M |
| 2021 | 13.67M | -148.71M | 154.82M |
| 2022 | 13.18M | -179.38M | 124.06M |
| 2023 | 16.23M | -141.56M | 119.69M |
SOMC Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 77.25M | 119.38M | 99.61M | 68.72M | 54.74M | 17.42M | 16.32M | 13.48M | 15.37M | 32.36M |
Operating activities | ||||||||||
Net income | 10.90M | 13.49M | 11.75M | 7.38M | 8.62M | 8.12M | 5.42M | 6.09M | 5.80M | 4.79M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 1.59M | 1.40M | 1.38M | 1.46M | 1.40M | 1.33M | 1.28M | 1.24M | 1.08M | 1.09M |
Stock-based compensation expense | 1.88M | 1.16M | 1.43M | 1.26M | 1.19M | 937K | 840K | 441K | 352K | 246K |
| Deferred income tax benefit | 1.88M | 1.16M | 1.43M | 1.26M | 1.19M | 937K | 840K | 441K | 352K | 246K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | -1.34M | 556K | -1.36M | -86K | -83K | -340K | -354K | -139K | -27K |
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 | 16.23M | 13.18M | 13.67M | 9.91M | 10.62M | 12.05M | 6.93M | 7.52M | 8.31M | 7.57M |
Investing activities | ||||||||||
Purchases Of Investments | -11.26M | -77.69M | -68.06M | -101.20M | -115.43M | -17.80M | -13.87M | -56.03M | -39.89M | -33.23M |
Investments In Property Plant And Equipment | -8.33M | -4.83M | -3.77M | -633K | -1.88M | -1.34M | -2.83M | -1.11M | -1.60M | -766K |
Acquisitions Net | 325K | 48K | 11K | 40K | 51K | -360K | -73.13M | -39.21M | -16.87M | 0 |
Cash generated by investing activities | -141.56M | -179.38M | -148.71M | -152.11M | -52.54M | 9.10M | -70.31M | -57.94M | -42.44M | -23.10M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 34K | 44K | 3K | 3K | 471K | 0 | 1.78M | 0 | 0 |
Payments for dividends | -2.5M | -2.31M | -2.17M | -2.13M | -2.08M | -1.99M | -1.96M | -1.73M | -1.49M | -1.34M |
Repurchases of common stock | -2.23M | -924K | -2.43M | -1.00M | -562K | -1.45M | -5.03M | -2.51M | -1.64M | -331K |
Repayments of term debt | 57.45M | 10.57M | -23.33M | -6.31M | 9.05M | -41M | 29.3M | -2.43M | 0 | -30.79M |
Cash used in financing activities | 119.69M | 124.06M | 154.82M | 173.08M | 56.28M | 16.15M | 64.48M | 53.25M | 32.24M | -1.46M |
Net Change In Cash | -5.63M | -42.13M | 19.77M | 30.88M | 13.98M | 37.32M | 1.10M | 2.83M | -1.88M | -16.99M |
Cash at end of period | 71.62M | 77.25M | 119.38M | 99.61M | 68.72M | 54.74M | 17.42M | 16.32M | 13.48M | 15.37M |