Southern States Bancshares
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 States Bancshares generated cash of $39,354,000, which is more than the previous year. Cash used in financing activities reached the amount of $361,578,000 last year. Net change in cash is therefore $82,152,000.
Cash Flow
| 2018 | 12.13M | -137.60M | 143.36M |
|---|---|---|---|
| 2019 | 11.02M | 36.38M | -18.59M |
| 2020 | 11.45M | -260.07M | 218.29M |
| 2021 | 29.70M | -260.75M | 430.10M |
| 2022 | 38.86M | -387.16M | 232.83M |
| 2023 | 39.35M | -318.78M | 361.57M |
SSBK Cash Flow Statement (2018 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
Cash at beginning of period | 168.49M | 283.95M | 84.90M | 115.23M | 86.42M | 0 |
Operating activities | ||||||
Net income | 31.95M | 27.07M | 18.56M | 12.10M | 5.60M | 7.71M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||
Depreciation and amortization | 1.49M | 1.52M | 2.15M | 2.22M | 1.29M | 1.20M |
Stock-based compensation expense | 870K | 912K | 825K | 739K | 432K | 238.15K |
| Deferred income tax benefit | 870K | 912K | 825K | 739K | 432K | 238.15K |
| Changes in operating assets and liabilities: | ||||||
Accounts receivable, net | 0 | -2.79M | 73K | -1.25M | 745K | -588.77K |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 0 | 452K | -146K | -195K | 79K | 0 |
Cash generated by operating activities | 39.35M | 38.86M | 29.70M | 11.45M | 11.02M | 12.13M |
Investing activities | ||||||
Purchases Of Investments | -49.67M | -51.79M | -76.88M | -90.26M | -23.49M | 0 |
Investments In Property Plant And Equipment | -249K | -2.6M | -4.50M | -6.64M | -1.39M | -294K |
Acquisitions Net | 0 | 4.31M | -220.28M | -198.94M | -4.95M | 0 |
Cash generated by investing activities | -318.78M | -387.16M | -260.75M | -260.07M | 36.38M | -137.60M |
Financing activities | ||||||
Common Stock Issued | 1.56M | 222K | 21.12M | 86K | 0 | 0 |
Payments for dividends | -3.19M | -3.16M | -2.89M | -1.84M | -2.37M | -1.87M |
Repurchases of common stock | -979K | -7.35M | 0 | 0 | 0 | 0 |
Repayments of term debt | 66.37M | 78.84M | -9.42M | -11.75M | 484K | -16.50M |
Cash used in financing activities | 361.57M | 232.83M | 430.10M | 218.29M | -18.59M | 143.36M |
Net Change In Cash | 82.15M | -115.45M | 199.04M | -30.32M | 28.80M | 86.42M |
Cash at end of period | 250.65M | 168.49M | 283.95M | 84.90M | 115.23M | 86.42M |
| Data source | Data source | Data source |