Arrow Financial Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $44.0M | $29.7M | $30.1M | $48.8M | $49.9M | $40.8M | $37.5M | $36.3M |
| Depreciation & Amortization | $5.4M | $5.4M | $6.7M | $7.5M | $7.8M | $6.9M | $5.5M | $4.8M |
| Depreciation | $4.7M | $4.4M | $3.8M | $3.3M | $3.0M | $2.8M | $2.2M | $1.9M |
| Amortization | $526.0K | $455.0K | $390.0K | $428.0K | $468.0K | $332.0K | $359.0K | $437.0K |
| Stock-Based Compensation | $683.0K | $314.0K | $605.0K | $451.0K | $414.0K | $301.0K | $316.0K | $322.0K |
| Net Cash from Operating Activities | $41.3M | $34.5M | $20.6M | $59.7M | $68.2M | $42.3M | $43.9M | $42.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.1M | $5.6M | $7.1M | $14.3M | $7.1M | $5.1M | $7.8M | $5.1M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-61.5M | $-89.0M | $-82.7M | $-393.1M | $-274.6M | $-187.3M | $-192.2M | $-227.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | $17.4M | $16.3M | $15.7M | $15.2M | $14.4M |
| Stock Repurchases | $10.2M | $6.8M | $3.6M | $2.9M | $2.7M | $1.6M | $2.5M | $2.1M |
| Net Cash from Financing Activities | $79.8M | $66.5M | $139.9M | $-59.7M | $283.1M | $455.8M | $134.3M | $197.2M |
| Net Change in Cash | $59.6M | $12.0M | $77.9M | $-393.0M | $76.7M | $310.8M | $-14.0M | $11.4M |
| Free Cash Flow | $36.2M | $28.9M | $13.5M | $45.5M | $61.1M | $37.2M | $36.2M | $36.9M |