COMMUNITY FINANCIAL SYSTEM, INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $150.7M | $103.8M | $91.2M | $91.4M | $78.8M | $77.1M | $73.1M | $63.3M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $16.0M | $14.4M | $13.1M | $13.1M | $12.2M | $11.5M | $11.4M | $10.2M |
| Amortization | $16.9M | $5.5M | $3.7M | $4.3M | $4.5M | $4.6M | $4.4M | $6.0M |
| Stock-Based Compensation | $5.1M | $4.8M | $4.2M | $4.0M | $4.0M | $3.7M | $3.8M | $3.5M |
| Net Cash from Operating Activities | $189.7M | $135.8M | $119.6M | $122.1M | $103.2M | $108.4M | $94.4M | $97.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $10.8M | $12.4M | $12.4M | $13.4M | $13.9M | $10.8M | $9.6M | $15.7M |
| Business Acquisitions | $107.4M | $575.0K | $-25.5M | $924.0K | $-292.0M | $-601.0M | $4.7M | $0 |
| Net Cash from Investing Activities | $131.4M | $-122.0M | $-274.2M | — | $553.3M | $-264.3M | $-22.7M | $-207.3M |
| Financing Activities | ||||||||
| Dividends Paid | $62.3M | $55.0M | $49.3M | $46.2M | $43.5M | $40.8M | $34.4M | $30.4M |
| Stock Repurchases | $3.3M | $3.5M | $9.1M | $4.4M | $0 | $0 | — | — |
| Net Cash from Financing Activities | $-273.9M | $6.9M | $169.4M | — | $-735.4M | $59.5M | $41.4M | $-39.9M |
| Net Change in Cash | $47.2M | $20.6M | $14.8M | $-11.3M | $-78.9M | $-96.3M | $113.0M | $-150.0M |
| Free Cash Flow | $178.9M | $123.3M | $107.2M | $108.7M | $89.3M | $97.6M | $84.8M | $81.4M |