Burke & Herbert Financial Services Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | $117.3M | $35.7M | $22.7M | $44.0M | $36.2M |
| Depreciation & Amortization | $6.9M | $5.9M | $2.9M | $3.1M | $3.2M |
| Depreciation | — | — | — | — | — |
| Amortization | $15.6M | $11.5M | $0 | $0 | — |
| Stock-Based Compensation | $4.8M | $2.9M | $2.5M | $2.0M | $283.0K |
| Net Cash from Operating Activities | $107.9M | $85.8M | $42.5M | $61.1M | $55.0M |
| Investing Activities | |||||
| Capital Expenditures | $11.7M | $4.6M | $14.2M | $23.1M | $1.1M |
| Business Acquisitions | $0 | $-52.6M | $0 | $0 | — |
| Net Cash from Investing Activities | $136.7M | $123.6M | $-43.2M | $-127.4M | $-384.1M |
| Financing Activities | |||||
| Dividends Paid | $33.9M | $28.6M | $15.7M | $15.7M | $14.9M |
| Stock Repurchases | — | — | — | — | — |
| Net Cash from Financing Activities | $-90.8M | $-118.5M | $-5.1M | $39.3M | $177.8M |
| Net Change in Cash | $153.8M | $90.8M | $-5.8M | $-27.1M | $-151.3M |
| Free Cash Flow | $96.2M | $81.2M | $28.3M | $38.0M | $53.9M |