COMMUNITY FINANCIAL SYSTEM, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $210.5M | $182.5M | $131.9M | $188.1M | $189.7M | $164.7M | $169.1M | $168.6M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $15.6M | $13.7M | $13.0M | $14.4M | $15.6M | $16.0M | $15.9M | $15.7M |
| Amortization | $13.8M | $14.3M | $14.5M | $15.2M | $14.1M | $14.3M | $16.0M | $18.2M |
| Stock-Based Compensation | $10.9M | $8.4M | $9.3M | $7.7M | $6.3M | $6.4M | $5.3M | $6.1M |
| Net Cash from Operating Activities | $301.9M | $242.3M | $228.4M | $214.6M | $202.5M | $179.5M | $202.5M | $221.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $68.5M | $20.7M | $18.6M | $12.9M | $13.4M | $14.8M | $5.7M | $12.6M |
| Business Acquisitions | $-469.7M | $15.6M | $8.5M | $668.0K | $29.3M | $-34.4M | $4.7M | $1.7M |
| Net Cash from Investing Activities | $-182.1M | $-835.6M | $335.8M | $-2.14B | $-1.53B | $-398.7M | $-157.1M | $17.5M |
| Financing Activities | ||||||||
| Dividends Paid | $97.6M | $95.8M | $95.1M | $93.4M | $91.1M | $87.1M | $80.2M | $71.5M |
| Stock Repurchases | $11.2M | $45.8M | $30.0M | $16.6M | $5.1M | $271.0K | $286.0K | $298.0K |
| Net Cash from Financing Activities | $-15.0M | $599.4M | $-583.1M | $259.2M | $1.56B | $1.66B | $-52.3M | $-248.1M |
| Net Change in Cash | — | — | — | — | — | — | — | $-9.2M |
| Free Cash Flow | $233.3M | $221.6M | $209.8M | $201.7M | $189.2M | $164.7M | $196.8M | $208.8M |