Arrow Financial Corporation
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $29.3M | $26.5M | $24.7M | $23.4M | $21.8M | $22.2M | $21.9M | $21.9M |
| Depreciation & Amortization | $5.4M | $5.9M | $6.3M | $7.0M | $8.9M | $8.9M | $6.5M | $3.6M |
| Depreciation | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.5M | $1.4M | $1.3M |
| Amortization | $500.0K | $557.0K | $587.0K | $648.0K | $683.0K | $-674.0K | $-621.0K | $-337.0K |
| Stock-Based Compensation | $351.0K | $287.0K | $308.0K | $360.0K | $372.0K | $424.0K | $354.0K | $299.0K |
| Net Cash from Operating Activities | $37.8M | $34.7M | $28.9M | $30.6M | $36.7M | $32.5M | $36.1M | $10.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.6M | $1.4M | $1.6M | $1.5M | $2.2M | $8.1M | $5.4M | $1.1M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-148.6M | $-157.8M | $-229.5M | $-67.7M | $-149.0M | $-65.6M | $-44.8M | $-93.7M |
| Financing Activities | ||||||||
| Dividends Paid | $13.6M | $13.1M | $12.7M | $12.4M | $12.1M | — | — | — |
| Stock Repurchases | $3.2M | $2.1M | $1.5M | $2.5M | $1.7M | $4.9M | — | — |
| Net Cash from Financing Activities | $126.2M | $129.4M | $205.4M | $33.4M | $113.5M | $38.3M | $21.4M | $47.5M |
| Net Change in Cash | $15.5M | $6.3M | $4.8M | $-3.7M | $1.1M | $5.1M | $12.7M | $-36.0M |
| Free Cash Flow | $35.2M | $33.3M | $27.3M | $29.2M | $34.4M | $24.4M | $30.7M | $9.1M |