First Hawaiian, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $276.3M | $230.1M | $235.0M | $265.7M | $265.7M | $185.8M | $284.4M | $264.4M |
| Depreciation & Amortization | $16.1M | $13.8M | $13.6M | $15.3M | $15.8M | $16.0M | $14.5M | $15.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $15.9M | $11.9M | $9.6M | $10.3M | $13.1M | $10.0M | $7.8M | $6.2M |
| Net Cash from Operating Activities | $335.1M | $317.5M | $255.0M | $430.6M | $417.1M | $209.5M | $296.5M | $351.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $31.8M | $28.8M | $16.0M | $13.3M | $20.5M | $33.4M | $29.4M | $35.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $264.1M | $548.6M | $1.03B | $-965.1M | $-2.38B | $-2.10B | $375.2M | $-257.8M |
| Financing Activities | ||||||||
| Dividends Paid | $131.0M | $132.8M | $132.6M | $132.6M | $134.1M | $135.1M | $138.2M | $131.0M |
| Stock Repurchases | $100.0M | $40.0M | — | $9.5M | $75.0M | $5.0M | $136.2M | $131.8M |
| Net Cash from Financing Activities | $-291.6M | $-1.44B | $-66.9M | $-197.4M | $2.18B | $2.24B | $-981.3M | $-124.6M |
| Net Change in Cash | — | — | — | — | — | — | — | $-31.0M |
| Free Cash Flow | $303.3M | $288.7M | $239.0M | $417.3M | $396.7M | $176.1M | $267.2M | $315.5M |