CITIZENS FINANCIAL SERVICES, INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $13.0M | $12.6M | $11.6M | $13.4M | $13.4M | $14.2M | $12.8M | $11.5M |
| Depreciation & Amortization | $200.0K | $320.0K | $464.0K | $472.0K | $428.0K | $420.0K | $469.0K | $457.0K |
| Depreciation | $776.0K | $763.0K | $608.0K | $537.0K | $598.0K | $606.0K | $649.0K | $669.0K |
| Amortization | $474.0K | $500.0K | $156.0K | — | — | — | — | — |
| Stock-Based Compensation | $278.0K | $284.0K | $179.0K | $200.0K | $218.0K | $201.0K | $209.0K | $205.0K |
| Net Cash from Operating Activities | $15.7M | $16.2M | $12.8M | $16.2M | $17.8M | $14.8M | $15.6M | $12.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $208.0K | $587.0K | $776.0K | $1.3M | $328.0K | $438.0K | $140.0K | $1.3M |
| Business Acquisitions | $4.4M | $0 | $-77.9M | $0 | $0 | — | — | — |
| Net Cash from Investing Activities | $-105.4M | $-70.1M | $19.1M | — | $-60.9M | $-8.2M | $-76.1M | $-73.7M |
| Financing Activities | ||||||||
| Dividends Paid | $5.2M | $5.1M | $5.2M | $6.1M | $3.6M | $4.6M | $3.1M | $3.2M |
| Stock Repurchases | $979.0K | $3.2M | $2.5M | $814.0K | $1.5M | $1.3M | $851.0K | $386.0K |
| Net Cash from Financing Activities | $90.4M | $47.3M | $-18.9M | — | $26.9M | $-10.7M | $47.0M | $73.5M |
| Net Change in Cash | $763.0K | $-6.6M | $13.0M | $1.3M | $-16.3M | $-4.1M | $-13.6M | $12.5M |
| Free Cash Flow | $15.5M | $15.6M | $12.0M | $14.9M | $17.5M | $14.4M | $15.4M | $11.5M |