CITIZENS FINANCIAL SERVICES, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $36.6M | $27.8M | $17.8M | $29.1M | $29.1M | $25.1M | $19.5M | $18.0M |
| Depreciation & Amortization | $2.1M | $1.8M | $1.5M | $1.0M | $1.1M | $1.1M | $1.0M | $387.0K |
| Depreciation | $1.6M | $1.2M | $1.1M | $877.0K | $922.0K | $921.0K | $784.0K | $751.0K |
| Amortization | $744.0K | $861.0K | $674.0K | $461.0K | $457.0K | $395.0K | $440.0K | $480.0K |
| Stock-Based Compensation | $625.0K | $412.0K | $309.0K | $336.0K | $614.0K | $473.0K | $369.0K | $308.0K |
| Net Cash from Operating Activities | $36.5M | $33.2M | $26.5M | $33.2M | $38.7M | $11.8M | $21.8M | $21.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.3M | $1.3M | $2.6M | $1.6M | $1.1M | $942.0K | $483.0K | $500.0K |
| Business Acquisitions | $0 | $0 | $-4.9M | $0 | $0 | $-1.0M | $0 | $0 |
| Net Cash from Investing Activities | $-40.1M | $-69.1M | $59.5M | $-362.5M | $-158.2M | $-110.7M | $-32.3M | $-72.4M |
| Financing Activities | ||||||||
| Dividends Paid | $9.5M | $9.3M | $8.5M | $7.6M | $7.4M | $6.5M | $6.3M | $6.1M |
| Stock Repurchases | $358.0K | $202.0K | $265.0K | $1.3M | $1.4M | $2.1M | $1.3M | $1.2M |
| Net Cash from Financing Activities | $-4.4M | $25.3M | $-59.4M | $182.6M | $223.7M | $149.1M | $12.3M | $49.1M |
| Net Change in Cash | — | — | — | — | — | — | — | $-1.7M |
| Free Cash Flow | $35.2M | $31.9M | $23.9M | $31.6M | $37.6M | $10.9M | $21.3M | $21.0M |