FIRST BANCORP
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $344.9M | $298.7M | $302.9M | $305.1M | $281.0M | $102.3M | $167.4M | $201.6M |
| Depreciation & Amortization | $17.2M | $18.6M | $20.5M | $22.3M | $25.0M | $20.1M | $17.6M | $15.0M |
| Depreciation | $17.2M | $18.6M | $20.5M | $22.3M | $25.0M | $20.1M | $17.6M | $15.0M |
| Amortization | $3.5M | $6.4M | $7.7M | $8.8M | $11.4M | $5.9M | $3.1M | $3.6M |
| Stock-Based Compensation | $10.1M | $8.7M | $7.8M | $5.4M | $5.5M | $5.1M | $3.9M | $5.8M |
| Net Cash from Operating Activities | $448.6M | $404.2M | $363.0M | $440.5M | $399.7M | $297.7M | $294.3M | $288.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $11.0M | $10.0M | $22.6M | $20.5M | $13.3M | $16.1M | $22.5M | $20.5M |
| Business Acquisitions | — | — | $0 | $0 | $584.0K | $1.28B | $0 | $0 |
| Net Cash from Investing Activities | $-170.4M | $136.2M | $-78.5M | $-681.5M | $-1.26B | $-1.24B | $-343.0M | $-223.3M |
| Financing Activities | ||||||||
| Dividends Paid | $115.5M | $105.6M | $99.7M | $87.8M | $65.0M | $43.4M | $30.4M | $6.5M |
| Stock Repurchases | $153.7M | $102.4M | $203.2M | $277.8M | $216.5M | $206.0K | $2.0M | $2.8M |
| Net Cash from Financing Activities | $-779.0M | $-44.1M | $-101.9M | $-1.82B | $1.91B | $1.79B | $106.6M | $-195.3M |
| Net Change in Cash | — | — | — | — | — | — | — | $-130.2M |
| Free Cash Flow | $437.5M | $394.1M | $340.4M | $420.0M | $386.4M | $281.7M | $271.8M | $267.8M |