Citizens & Northern Corporation
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $13.4M | $15.8M | $16.5M | $17.1M | $18.6M | $22.7M | $23.4M | $19.1M |
| Depreciation & Amortization | $1.6M | — | — | — | — | — | — | — |
| Depreciation | $1.6M | $1.6M | $1.9M | $1.9M | $2.0M | $1.9M | $2.1M | $2.3M |
| Amortization | $5.0K | $13.0K | $22.0K | $35.0K | $51.0K | $74.0K | $114.0K | $176.0K |
| Stock-Based Compensation | — | — | $606.0K | $565.0K | $696.0K | $567.0K | $423.0K | $67.0K |
| Net Cash from Operating Activities | $19.4M | $18.5M | $19.7M | $22.3M | $30.6M | $27.7M | $37.5M | $35.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.7M | $1.6M | $1.0M | $801.0K | $801.0K | $1.6M | $998.0K | $707.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-30.9M | $-29.4M | $18.4M | $-9.5M | $8.9M | $34.6M | $2.9M | $-57.9M |
| Financing Activities | ||||||||
| Dividends Paid | $11.1M | $11.1M | $11.2M | $11.4M | $10.9M | $9.1M | $6.2M | $4.3M |
| Stock Repurchases | $0 | $3.7M | $4.4M | $4.0M | $0 | $0 | $1.0M | $0 |
| Net Cash from Financing Activities | $19.9M | $6.2M | $-36.4M | $-19.8M | $-55.9M | $-64.1M | $-29.9M | $-22.9M |
| Net Change in Cash | $8.4M | $-4.7M | $1.7M | $-7.0M | $-16.4M | $-1.8M | $10.5M | $-45.8M |
| Free Cash Flow | $17.7M | $16.9M | $18.6M | $21.5M | $29.8M | $26.0M | $36.5M | $34.3M |