Bridgewater Bancshares, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $46.1M | $32.8M | $40.0M | $53.4M | $45.7M | $27.2M | $31.4M | $26.9M |
| Depreciation & Amortization | $2.5M | $2.4M | $2.5M | $2.6M | $2.4M | $1.2M | $1.0M | $761.0K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $921.0K | $78.0K | $100.0K | $191.0K | $191.0K | $191.0K | $191.0K | $191.0K |
| Stock-Based Compensation | $4.2M | $3.9M | $4.0M | $3.3M | $2.4M | $1.7M | $752.0K | $799.0K |
| Net Cash from Operating Activities | $27.8M | $46.4M | $30.0M | $85.0M | $54.2M | $23.0M | $39.5M | $29.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.8M | $4.1M | $3.0M | $1.6M | $777.0K | $24.7M | $15.6M | $3.7M |
| Business Acquisitions | — | $-17.3M | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-417.5M | $-95.2M | $-209.2M | $-938.2M | $-571.4M | $-530.3M | $-276.2M | $-354.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $2.2M | $5.2M | $4.5M | $10.8M | $2.3M | $10.3M | $15.0M | — |
| Net Cash from Financing Activities | $283.4M | $150.1M | $220.7M | $796.8M | $500.0M | $636.1M | $240.2M | $329.5M |
| Net Change in Cash | $-106.2M | $101.2M | $41.5M | $-56.4M | $-17.2M | $128.7M | $3.5M | $4.7M |
| Free Cash Flow | $22.0M | $42.3M | $27.0M | $83.4M | $53.5M | $-1.7M | $24.0M | $25.7M |