ChoiceOne Financial Services, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $6.2M | $6.1M | $5.7M | $5.7M | $5.1M | $4.3M | $3.5M | $2.7M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $1.4M | $1.1M | $986.0K | $986.0K | $927.0K | $900.0K | $944.0K | $903.0K |
| Amortization | — | $379.0K | $448.0K | $448.0K | $448.0K | $448.0K | $448.0K | $448.0K |
| Stock-Based Compensation | $317.0K | $380.0K | $118.0K | $60.0K | $22.0K | $11.0K | $15.0K | $26.0K |
| Net Cash from Operating Activities | $8.1M | $10.9M | $4.0M | $7.5M | $10.4M | $9.6M | $12.5M | $9.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.7M | $1.8M | $1.0M | $786.0K | $801.0K | $921.0K | $499.0K | $1.5M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-18.3M | $-41.5M | $-22.7M | $-38.7M | $-13.4M | $-16.6M | $-31.1M | $-16.4M |
| Financing Activities | ||||||||
| Dividends Paid | $2.3M | $2.2M | $2.2M | $1.9M | $1.8M | $1.6M | $1.6M | $1.6M |
| Stock Repurchases | $203.0K | $794.0K | $371.0K | $203.0K | $192.0K | $75.0K | — | — |
| Net Cash from Financing Activities | $32.2M | $34.2M | $13.2M | $27.4M | $4.5M | $8.9M | $11.6M | $11.5M |
| Net Change in Cash | $22.0M | $3.6M | $-5.5M | $-3.8M | $1.4M | $1.9M | $-6.9M | $4.3M |
| Free Cash Flow | $6.4M | $9.1M | $2.9M | $6.7M | $9.6M | $8.7M | $12.0M | $7.7M |