Citizens & Northern Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $23.4M | $26.0M | $24.1M | $26.6M | $30.6M | $19.2M | $19.5M | $22.0M |
| Depreciation & Amortization | $2.4M | $2.2M | $2.2M | $2.4M | $2.1M | $2.0M | $1.7M | $1.8M |
| Depreciation | $2.4M | $2.2M | $2.2M | $2.4M | $2.1M | $2.0M | $1.7M | $1.8M |
| Amortization | $1.2M | $389.0K | $408.0K | $439.0K | $535.0K | $540.0K | $223.0K | $3.0K |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $32.0M | $33.0M | $33.5M | $34.6M | $34.8M | $24.8M | $22.5M | $25.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.9M | $1.9M | $2.3M | $3.3M | $1.9M | $3.1M | $2.9M | $1.2M |
| Business Acquisitions | — | — | — | $0 | $0 | $-76.0M | $1.8M | $0 |
| Net Cash from Investing Activities | $196.0K | $-20.9M | $-53.2M | $-234.7M | $-103.9M | $96.6M | $22.7M | $-21.6M |
| Financing Activities | ||||||||
| Dividends Paid | $16.3M | $15.5M | $15.6M | $15.9M | $16.0M | $14.5M | $14.0M | $11.7M |
| Stock Repurchases | — | — | — | — | — | $163.0K | $189.0K | $0 |
| Net Cash from Financing Activities | $-111.1M | $58.7M | $24.7M | $151.9M | $68.9M | $-56.5M | $-46.8M | $-8.4M |
| Net Change in Cash | — | — | — | — | — | — | $-1.7M | $-4.2M |
| Free Cash Flow | $30.1M | $31.1M | $31.3M | $31.3M | $33.0M | $21.6M | $19.6M | $24.7M |