First Financial Bankshares, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $253.6M | $223.5M | $199.0M | $234.5M | $227.6M | $202.0M | $164.8M | $150.6M |
| Depreciation & Amortization | $13.7M | $13.4M | $12.6M | $12.8M | $13.1M | $12.8M | $11.7M | $12.5M |
| Depreciation | $11.3M | $11.3M | $10.8M | $10.8M | $10.5M | $9.9M | $9.8M | $10.1M |
| Amortization | $352.0K | $618.0K | $912.0K | $1.2M | $1.6M | $2.0M | $1.0M | $1.3M |
| Stock-Based Compensation | $6.9M | $4.9M | $4.3M | $4.0M | $3.2M | — | — | — |
| Net Cash from Operating Activities | $299.4M | $309.6M | $284.8M | $324.3M | $355.2M | $210.7M | $202.5M | $186.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $13.4M | $16.7M | $17.3M | $15.8M | $19.2M | $16.5M | $8.7M | $17.6M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.02B | $-736.9M | $127.3M | $-838.0M | $-2.61B | $-1.26B | $-447.8M | $-273.3M |
| Financing Activities | ||||||||
| Dividends Paid | $106.0M | $102.9M | $100.0M | $91.3M | $79.7M | $70.3M | $61.1M | $53.9M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $1.03B | $654.1M | $-206.2M | $315.8M | $2.06B | $1.50B | $279.3M | $-36.8M |
| Net Change in Cash | — | — | — | — | — | — | — | $-123.7M |
| Free Cash Flow | $286.0M | $292.9M | $267.6M | $308.5M | $335.9M | $194.2M | $193.8M | $168.7M |