First Business Financial Services, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $50.3M | $44.2M | $37.0M | $40.9M | $35.8M | $17.0M | $23.3M | $16.3M |
| Depreciation & Amortization | $3.8M | $3.7M | $3.6M | $4.1M | $3.6M | $3.5M | $3.0M | $1.5M |
| Depreciation | $1.2M | $1.1M | $961.0K | $578.0K | $585.0K | $822.0K | $877.0K | $835.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $2.8M | $2.8M | $3.0M | $2.6M | $2.5M | $1.9M | $1.6M | $1.0M |
| Net Cash from Operating Activities | $61.7M | $57.5M | $52.3M | $38.6M | $36.0M | $26.6M | $29.0M | $25.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $595.0K | $223.0K | $2.9M | $3.2M | $391.0K | $264.0K | $225.0K | $969.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-373.4M | $-328.5M | $-506.8M | $-245.3M | $-111.0M | $-454.5M | $-131.5M | $-137.9M |
| Financing Activities | ||||||||
| Dividends Paid | $9.7M | $8.3M | $7.6M | $6.7M | $6.2M | $5.7M | $5.2M | $4.9M |
| Stock Repurchases | $1.4M | $1.3M | $3.0M | $6.1M | $5.5M | $1.7M | $7.2M | $533.0K |
| Net Cash from Financing Activities | $193.5M | $289.2M | $491.4M | $252.2M | $75.2M | $417.7M | $83.1M | $146.6M |
| Net Change in Cash | — | — | — | — | — | — | $-19.4M | $34.0M |
| Free Cash Flow | $61.1M | $57.3M | $49.4M | $35.4M | $35.6M | $26.4M | $28.8M | $24.3M |