ChoiceOne Financial Services, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $28.2M | $26.7M | $21.3M | $23.6M | $22.0M | $15.6M | $7.2M | $7.3M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $3.6M | $2.5M | $2.5M | $2.7M | $2.6M | $2.7M | $1.6M | $1.2M |
| Amortization | $5.8M | $757.0K | $955.0K | $1.2M | $1.3M | $1.5M | $353.0K | $0 |
| Stock-Based Compensation | $883.0K | $720.0K | $1.0M | $958.0K | $812.0K | $512.0K | $373.0K | $344.0K |
| Net Cash from Operating Activities | $31.8M | $47.1M | $46.3M | $44.3M | $37.7M | $8.5M | $9.2M | $10.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $6.6M | $1.7M | $4.2M | $1.2M | $2.8M | $1.9M | $766.0K | $4.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $106.7M | $-96.3M | $-181.2M | $-89.8M | $-521.4M | $-250.8M | $36.4M | $-43.9M |
| Financing Activities | ||||||||
| Dividends Paid | $16.9M | $9.0M | $7.9M | $7.6M | $7.2M | $6.2M | $5.8M | $2.6M |
| Stock Repurchases | $2.7M | $0 | $0 | $682.0K | $7.8M | $0 | $67.0K | $523.0K |
| Net Cash from Financing Activities | $-147.3M | $90.6M | $146.4M | $57.5M | $436.0M | $262.2M | $-5.7M | $16.8M |
| Net Change in Cash | $-8.8M | $41.3M | $11.5M | $12.1M | $-47.6M | $20.0M | $39.9M | $-17.1M |
| Free Cash Flow | $25.2M | $45.4M | $42.1M | $43.2M | $34.9M | $6.6M | $8.4M | $5.7M |