Summit State 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 Summit State Bank generated cash of -$2,380,000, which is less than the previous year. Cash used in financing activities reached the amount of $2,787,000 last year. Net change in cash is therefore -$19,778,000.
Cash Flow
| 2014 | 4.86M | 4.06M | -1.74M |
|---|---|---|---|
| 2015 | 4.51M | -56.93M | 46.68M |
| 2016 | 5.22M | 5.62M | -2.2M |
| 2017 | 4.24M | -52.39M | 92.73M |
| 2018 | 3.74M | -59.55M | 6.68M |
| 2019 | 4.13M | -51.94M | 64.41M |
| 2020 | 3.71M | -168.65M | 157.45M |
| 2021 | 52.02M | -119.5M | 77.34M |
| 2022 | 13.71M | -117.17M | 140.32M |
| 2023 | -2.38M | -20.18M | 2.78M |
SSBI Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 77.56M | 40.69M | 30.82M | 38.29M | 21.69M | 70.81M | 26.23M | 17.58M | 23.31M | 16.12M |
Operating activities | ||||||||||
Net income | 10.82M | 16.96M | 14.69M | 10.51M | 6.47M | 5.82M | 3.29M | 4.96M | 6.03M | 5.48M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 385K | 391K | 408K | 433K | 498K | 346K | 339K | 312K | 390K | 425K |
Stock-based compensation expense | 16K | 614K | 460K | 62K | 235K | 156K | 21K | 21K | 24K | 34K |
| Deferred income tax benefit | 16K | 614K | 460K | 62K | 235K | 156K | 21K | 21K | 24K | 34K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -1.61M | -3.62M | -506K | -1.50M | -135K | -907K | 531K | 1.69M | -816K | 1.31M |
Inventories | 0 | -6.92M | -310K | 92K | 744K | 0 | 0 | 0 | 0 | 0 |
Accounts payable | -7.09M | 6.92M | 310K | -92K | -744K | -79K | 743K | -1.06M | 1.15M | -840K |
Cash generated by operating activities | -2.38M | 13.71M | 52.02M | 3.71M | 4.13M | 3.74M | 4.24M | 5.22M | 4.51M | 4.86M |
Investing activities | ||||||||||
Purchases Of Investments | -583K | -34.03M | -35.69M | -65.90M | 0 | -3.47M | -16.97M | -71.00M | -19.50M | -19.79M |
Investments In Property Plant And Equipment | -240K | -175K | -91K | -126K | -996K | -870K | -205K | -227K | -85K | -723K |
Acquisitions Net | 0 | 0 | -113.76M | -164.43M | 0 | 0 | 0 | -10.31M | -58.66M | 5.49M |
Cash generated by investing activities | -20.18M | -117.17M | -119.5M | -168.65M | -51.94M | -59.55M | -52.39M | 5.62M | -56.93M | 4.06M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 33K | 0 | 14K | 120K | 121K | 1K | 0 | 0 |
Payments for dividends | -3.25M | -3.22M | -2.98M | -2.91M | -2.91M | -2.91M | -2.75M | -2.30M | -2.38M | -2.24M |
Repurchases of common stock | 0 | 0 | -33K | 0 | 5.32M | 0 | 0 | 0 | -13.75M | 0 |
Repayments of term debt | -41M | -7.5M | -5M | -7.91M | 18.36M | -41.8M | 0 | -11M | 20.8M | -6M |
Cash used in financing activities | 2.78M | 140.32M | 77.34M | 157.45M | 64.41M | 6.68M | 92.73M | -2.2M | 46.68M | -1.74M |
Net Change In Cash | -19.77M | 36.86M | 9.87M | -7.47M | 16.60M | -49.12M | 44.58M | 8.64M | -5.73M | 7.18M |
Cash at end of period | 57.78M | 77.56M | 40.69M | 30.82M | 38.29M | 21.69M | 70.81M | 26.23M | 17.58M | 23.31M |