Business First Bancshares, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $87.9M | $65.1M | $71.0M | $54.3M | $52.1M | $30.0M | $23.8M | $14.1M |
| Depreciation & Amortization | $5.7M | $5.3M | $4.7M | $4.8M | $4.2M | $3.2M | $1.6M | $1.2M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $2.6M | $2.3M | $2.1M | $2.0M | $1.6M | $1.2M | $905.0K | $559.0K |
| Stock-Based Compensation | $5.8M | $3.0M | $4.0M | $3.7M | $2.9M | $2.5M | $1.1M | $1.0M |
| Net Cash from Operating Activities | $92.1M | $61.4M | $91.0M | $69.6M | $56.4M | $29.3M | $24.4M | $19.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $66.0K | $1.6M | $11.6M | $7.8M | $4.0M | $3.0M | $4.0M | $919.0K |
| Business Acquisitions | — | — | — | — | — | — | — | $9.1M |
| Net Cash from Investing Activities | $-281.5M | $-294.9M | $-521.1M | $-700.5M | $-675.4M | $-475.3M | $-192.3M | $-170.3M |
| Financing Activities | ||||||||
| Dividends Paid | $16.8M | $14.9M | $12.7M | $10.8M | $9.4M | $7.5M | $5.1M | $3.3M |
| Stock Repurchases | $3.7M | $0 | $0 | $0 | $10.9M | $5.8M | $2.6M | $0 |
| Net Cash from Financing Activities | $281.5M | $326.5M | $503.5M | $715.3M | $538.2M | $505.7M | $161.2M | $139.5M |
| Net Change in Cash | $92.1M | $93.0M | $73.4M | $84.4M | $-80.8M | $59.8M | $-6.7M | $-11.5M |
| Free Cash Flow | $92.0M | $59.8M | $79.3M | $61.8M | $52.5M | $26.4M | $20.5M | $18.4M |