Carter Bankshares, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $31.4M | $24.5M | $23.4M | $50.1M | $31.6M | $-45.9M | $26.6M |
| Depreciation & Amortization | $7.9M | $7.1M | $6.2M | $6.1M | $6.2M | $6.1M | $5.3M |
| Depreciation | $7.9M | $7.1M | $6.2M | $6.1M | $6.2M | $6.1M | $5.3M |
| Amortization | $161.0K | — | — | — | — | — | — |
| Stock-Based Compensation | $2.1M | $1.8M | $1.6M | $1.3M | $1.0M | $1.0M | $381.0K |
| Net Cash from Operating Activities | $39.9M | $36.9M | $46.7M | $70.8M | $77.5M | $7.7M | $38.3M |
| Investing Activities | |||||||
| Capital Expenditures | $8.1M | $8.1M | $9.8M | $5.9M | $8.5M | $10.1M | $8.5M |
| Business Acquisitions | $-53.6M | $0 | $0 | — | — | — | — |
| Net Cash from Investing Activities | $-155.9M | $-68.4M | $-307.0M | $-382.1M | $-106.4M | $-93.3M | $-129.4M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | $0 | $0 | $3.7M | $0 |
| Stock Repurchases | $20.0M | $0 | $16.4M | $42.9M | $157.0K | $0 | $0 |
| Net Cash from Financing Activities | $90.0M | $108.1M | $267.9M | $80.4M | $64.7M | $201.7M | $-76.9M |
| Net Change in Cash | $-26.0M | $76.6M | $7.7M | $-230.9M | $35.9M | $116.1M | $-168.0M |
| Free Cash Flow | $31.8M | $28.8M | $36.9M | $64.9M | $69.1M | $-2.4M | $29.8M |